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

ya, they look good

hmm, are we in a 1hr 5sma retrace or a reverse?

and this is one of the reasons i find this guy a clown !

http://news.ninemsn.com.au/article.aspx?id=162634

Yes mate,

All Clear..

Thanks

Beautiful!

Can anyone give me the post # where the links are for the VT plugins that show the arrows on the charts for entry points? I know someone has made this up and have gone back and forth but havent seen it in a while.

Look at Aus signature. It is called the 15 min strategy

Hi guys,

I switched my main charts w/ QQE and Momentum indicators to the ask price. I was mainly using bid before I saw that Auslanco has his on ask. Does this affect the indicators enough to care about this at all or do you guys switch between the settings depending on price direction?

Thanks,
k.

When I got a short order open I switch to ask and for a long order Bid.It doesn't not effect the indicators.

Very interesting!
Thank you!

Yen Advances as Carry Trades Reverse on Stock Market Declines

By Stanley White
Sept. 7 (Bloomberg) -- The yen rose against the euro and the dollar as declines in Asian stock markets prompted investors to shun the risk of trades funded with Japan's currency.
The yen strengthened against 15 of the 16 most-active currencies and headed for a second weekly gain after U.S. data this week showed manufacturing slowed and pending home sales fell the most on record, fueling speculation losses on mortgages to homeowners with poor credit will reduce demand for so called carry trades.
``Stock markets are looking a little heavy and that could give the yen a boost,'' said Osao Iizuka, head of foreign- exchange trading at Sumitomo Trust & Banking Co. in Tokyo. ``There's an established pattern for stock declines contributing to a reversal in carry trades.''
The yen rose to 157.49 per euro at 11:41 a.m. in Tokyo from 157.95 late yesterday in New York. It also gained to 115.24 against the dollar from 115.38 yesterday. The yen may rise to 114.70 a dollar today, Iizuka said.
The Nikkei 225 Stock Average fell 0.6 percent, reversing yesterday's rise. S&P 500 futures slid 2.30 points to 1477.30.
Japan's benchmark stock measure has a correlation of 0.84 with the dollar-yen this year, while the S&P 500's is 0.61. A reading of 1 would mean equities and currencies moved in lockstep.
Predicting Gains
The yen might gain more than 10 percent and still not hurt growth in the world's second-largest economy, said Eisuke Sakakibara, Japan's former top currency official.
``Even if Japan's currency rises to more than 100 yen, it wouldn't hurt economic fundamentals'' because the corporate sector is strong enough to compete in the global market, Sakakibara, 66, said in a Sept. 5 interview in Tokyo.
Barclays Capital raised its year-end forecast for the yen, predicting it will rise to the strongest against the dollar since May 2006, as Japanese individual investors reduce sales.
``Investors are likely to continue to try to reduce their exposure to risk,'' said Toru Umemoto, chief currency strategist at Barclays Capital in Tokyo, in an interview today. ``This is likely to reduce capital outflows by Japanese investors as they unwind their short yen exposure.'' A short position is a wager on a currency's decline.

GBP/JPY - Pivot: 233.14 Support 1: 232.29 Support 2: 231.07 Resist 1: 234.35 Resist 2: 235.20 200 Day MA: 236.91

GBP/USD - Pivot: 2.0216 Support 1: 2.0164 Support 2: 2.0091 Resist 1: 2.0289 Resist 2: 2.0341 200 Day MA: 1.9820

USD/JPY - Pivot: 115.26 Support 1: 114.95 Support 2: 114.51 Resist 1: 115.69 Resist 2: 116.00 200 Day MA: 119.50

Hi Aus

Looks like u read my mind, i was just going to ask u abt the supports and resistances, good work mate

imran

guys
short term support
short term support @ 232.65, if it breaks next is 232.29
a small after thought, 232.65 was the pivot for yesterdays rise to 233.75, so watch a break of this support carefully
as i type this, this is being tested lower,

Looks like it was just a 30 min. But I didn't like the way price hung around that tight range for so long. I half expected it to bolt upwards. Now it's going back down as expected . . .

Ron

Thanks Auslanco for your input. Always appreciated.

Thanks for that little insight...keep it coming

Hi
testing the 232.65 levels almost 6 times past 2 hrs, markets are very slow, UK Open should open the flood gates till 232 and then its reverse
Market will range within 232 - 234 levels till NFP, then its atleast 150 pip - 200 pip run either way, i would expect upwards, keep caution

It might smooch on 1 hr 5SMA first.

It just did.