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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #18,781
  • Aug 30, 2007 6:44am Aug 30, 2007 6:44am
Quoting Piters
WALL STREET OUTLOOK -

We need little BOOST!
  • #18,782
  • Aug 30, 2007 6:46am Aug 30, 2007 6:46am
Quoting rodders
How far of a drop?
My 1st target is 230.30 can go down to 227.52 depends on the news
  • #18,783
  • Aug 30, 2007 6:46am Aug 30, 2007 6:46am
Looks like a reverse head and shoulders forming on the Hourly chart. This would make sense as less than 24 hours ago the bulls were in charge. Also the 50% fib retracement is holding from yesterday move up.

If price drops below 231.20 we could go down 500+ pips if not and GDP is good then 236+ is in order.

Comments welcome

Dave
  • #18,784
  • Aug 30, 2007 6:51am Aug 30, 2007 6:51am
DOW jones currently down -68.00 so far.
  • #18,785
  • Aug 30, 2007 6:52am Aug 30, 2007 6:52am
Spread is now consistently 10 pips. Previous 1.5-2 months had been generally 9 pips. 3 Months ago, 8 pips. Increasing spread indicates actual or anticipated increased volitility, I think... hold on to your hats.
  • #18,786
  • Aug 30, 2007 6:58am Aug 30, 2007 6:58am
Quoting mktjong
Good morning Aus

Looks like Bull has a chance today. Japanese 10 yrs treasuries closed at -0.015 (negative). Current Germany one is slightly positive at 0.006 (positive). But I think the ultimate news is 8:30 AM EDT news, it could push either upward or downward on US 10 yrs treasuries.

Just my take.

Wow .. it seems banks or big boys saw my post or what .. hehehe
It is shooting up .. sorry for the bear ..
  • #18,787
  • Aug 30, 2007 6:59am Aug 30, 2007 6:59am
Quoting musicman007
Hi Aus, I am out until we clear these resitance points around 231.15 and a 4hr 50% fib at 230.98. I share your sentiment that we should go down, the Dow is currently showing -56 on pre market and we seem to have a real mix of indicators across the timeframes.

I suspect we may well continue this range for the next 1hr 50m until NY opens. None of the European Bourses are doing anything much which, after a positive day yesterday for the Dow and a positive Hang Seng session is rather suprising. Guess the guys are just waiting to see what happens next.

I have a short waiting at 230.80( after the 4 hr 50sma) and a long at 232.10( in case we clear the hourly 5sma).

Now I have written this it will probably start moving !
Looks like your in true to your word!

I'm long from 231.50 target 236+

BTW I'm another reds fan but 30 minutes to your west YNWA LFC :-)

Dave
  • #18,788
  • Aug 30, 2007 7:01am Aug 30, 2007 7:01am
Dow futures creeping back up now
  • #18,789
  • Aug 30, 2007 7:03am Aug 30, 2007 7:03am
Quoting rumbey
Dow futures creeping back up now
i still have - 68
  • #18,790
  • Aug 30, 2007 7:05am Aug 30, 2007 7:05am
tempting to load more shorts.. but I will just wait and see
  • #18,791
  • Aug 30, 2007 7:05am Aug 30, 2007 7:05am
I have -54 live on CMC markets

Quoting bmwboyee
i still have - 68
  • #18,792
  • Aug 30, 2007 7:06am Aug 30, 2007 7:06am
It all depends on the news, so wait
Trade what you see, not what you think.
  • #18,793
  • Aug 30, 2007 7:07am Aug 30, 2007 7:07am
Quoting rumbey
Looks like your in true to your word!

I'm long from 231.50 target 236+

BTW I'm another reds fan but 30 minutes to your west YNWA LFC :-)

Dave
The Champs league draw is this afternoon, we cant be bothered with all that pre - qualifying crap, be fun if you are in our group. I bet you are gonna have a really good seaon - great squad ! Met Stevie G at Manchester airport two weeks after he got wed - he was going on a boys weekend to the Algarve golfing !!!!
  • #18,794
  • Aug 30, 2007 7:08am Aug 30, 2007 7:08am
interbankfx feed

yesterdays daily candle was a bullish outside bar

the last 4h candle closed as a pinbar

good indication to go long
  • #18,795
  • Aug 30, 2007 7:08am Aug 30, 2007 7:08am
Quoting musicman007
The Champs league draw is this afternoon, we cant be bothered with all that pre - qualifying crap, be fun if you are in our group. I bet you are gonna have a really good seaon - great squad ! Met Stevie G at Manchester airport two weeks after he got wed - he was going on a boys weekend to the Algarve golfing !!!!
Well I've got £500 bet on at 5-1 that we win the league this year. Unbelievable squad we've got, It's just keeping them all happy?
  • #18,796
  • Aug 30, 2007 7:09am Aug 30, 2007 7:09am
i couldn't help it..

i loaded mine each time it went up

might have to set SL .. or suffer consequences of the news & oanda

Keep us posted Aus & karmo if you guys see any change in the current trend.

Thanks!

Quoting auslanco
tempting to load more shorts.. but I will just wait and see
  • #18,797
  • Aug 30, 2007 7:10am Aug 30, 2007 7:10am
Quoting karmostaji
It all depends on the news, so wait
Agreed Karmo, this upmove could be a fake to create headroom for a drop.
  • #18,798
  • Aug 30, 2007 7:11am Aug 30, 2007 7:11am
Quoting karmostaji
It all depends on the news, so wait
How strong will the impact of the news to the pair?! You know, it is US news, will not have direct impact on the GJ
Hello World
  • #18,799
  • Aug 30, 2007 7:12am Aug 30, 2007 7:12am
Quoting waf_1988
How strong will the impact of the news to the pair?! You know, it is US news, will not have direct impact on the GJ
I look at it like this..

USD news impacts USD/JPY

USD/JPY impacts XXX/JPY

so good USD news, GJ go up
so bad USD news, GJ go down
Trade what you see, not what you think.
  • #18,800
  • Aug 30, 2007 7:13am Aug 30, 2007 7:13am
Quoting musicman007
Agreed Karmo, this upmove could be a fake to create headroom for a drop.

Looked like a NY open consolidation.. but I don't rule out a good bullish move as well looking at the new 4hr momentum.
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