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

  • #55,721
  • Dec 20, 2007 8:58am Dec 20, 2007 8:58am
Quoting FX-Petra
Anyone have any suggestions on other pairs which still have a connection to the equity markets? This one has disconnected. Not just because we are +60 on the Dow and it continues to fall today, it has been happening for a couple of weeks now. The equity connection is what attracted me to this pair, and now that is gone.
I think the recent disconnection has more to do with the GBP weakness rather than the USD.
  • #55,722
  • Dec 20, 2007 9:04am Dec 20, 2007 9:04am
Quoting PipChick
I think the recent disconnection has more to do with the GBP weakness rather than the USD.
I agree, its GU leading geppy down not USD. . .
  • #55,723
  • Dec 20, 2007 9:05am Dec 20, 2007 9:05am
Quoting forexnovice
Good Morning All. Thanx Quecee5 Just bought GJ at Weekly pivot S1. GU still sliding like you had projected earlier...
SL hit !!
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  • #55,724
  • Dec 20, 2007 9:06am Dec 20, 2007 9:06am
I hate to say it but it looks like this one is going all the way down to 223 possibly before the end of the day. . .
  • #55,725
  • Dec 20, 2007 9:07am Dec 20, 2007 9:07am
Wow!
  • #55,726
  • Dec 20, 2007 9:12am Dec 20, 2007 9:12am
I am just going to hold on to my longs and earn interest. Thank GOD for margin!
  • #55,727
  • Dec 20, 2007 9:14am Dec 20, 2007 9:14am
Quoting quecee5
I hate to say it but it looks like this one is going all the way down to 223 possibly before the end of the day. . .
223.68, actually. That should be an excellent buying point. I don't see anything at 223. If 223.68 is breached then 221.27 would be next, and with price being as OS as it is, I don't see another 250 pips worth of downward strength in this beast.

M2B
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  • #55,728
  • Dec 20, 2007 9:15am Dec 20, 2007 9:15am
Quoting FX-Petra
M2B,
I Have stops from yesterday @ 224.50---I'm hoping 224.70 will hold. I am considering moving stop to 223.25 to give a little more room. This would put me slightly outside of my MM parameters, but not a big problem. However, below 221 would be a big problem. Of course, I will make my own decesion---just wondering how strongly you feel about breaching your 223.68 level. I would prefer not to stop out (obviously) as I feel strongly about the 230's next week or 1st week of new year. Thanks for all of your great posts!!!
Do not even think about 225 and higher before Next Year.
and Until next Year all is heading to 180...

Check my all old Posts , I warned all , please be careful , This is a matter of time but Yen strengthen and Sterling is also weakening ... Also , Day by GBP is loosing its strength
Imagination is more important than knowledge. -- Albert Einstein
  • #55,729
  • Dec 20, 2007 9:18am Dec 20, 2007 9:18am
Quoting vinesh2
I am just going to hold on to my longs and earn interest. Thank GOD for margin!
Be Careful , Because , It may not back here for long time.... It smells like a very long long Downtrend started and is heading to 219... and lower .....

Be Careful , Hopefully , you will not lose and you will earn.
Imagination is more important than knowledge. -- Albert Einstein
  • #55,730
  • Dec 20, 2007 9:18am Dec 20, 2007 9:18am
Could someone at least simulate an Auslanco post and say something about price retracting to some area near the 5SMA channel? It might not happen, but it would be comforting!
  • #55,731
  • Dec 20, 2007 9:23am Dec 20, 2007 9:23am
Quoting FX-Petra
Could someone at least simulate an Auslanco post and say something about price retracting to some area near the 5SMA channel? It might not happen, but it would be comforting!
Price is due for retracement to the Daily 5smaC @ 227 (I just dont know when)
  • #55,732
  • Dec 20, 2007 9:25am Dec 20, 2007 9:25am
Quoting forexnovice
Price is due for retracement to the Daily 5smaC @ 227 (I just dont know when)
Thanks man, that makes me feel better!!!!!
  • #55,733
  • Dec 20, 2007 9:25am Dec 20, 2007 9:25am
Guys... there r chances tt it might bounce up from here... unless it drop another 200pips... i c sum support at between 221-222. any1 agrees with me? I'm long for ur info.. i'm in it since 229
  • #55,734
  • Dec 20, 2007 9:27am Dec 20, 2007 9:27am
Quoting my2buoys
223.68, actually. That should be an excellent buying point. I don't see anything at 223. If 223.68 is breached then 221.27 would be next, and with price being as OS as it is, I don't see another 250 pips worth of downward strength in this beast.

M2B
M2B,

You may be correct on this one. GU is close to support but UJ must hold to minimize further GJ losses. . .
  • #55,735
  • Dec 20, 2007 9:29am Dec 20, 2007 9:29am
Quoting quecee5
I hate to say it but it looks like this one is going all the way down to 223 possibly before the end of the day. . .
You may be right but we keep bouncing off of M2B 100% fib of the 4 hr moveup at about 223.68. Usually when you see everything OS and the price steadily moves down there is some risk aversion going on. Bush was speaking too. The Dow is holding above a major pivot which may aid in keeping the price above the 223.68 eventhough it has been disconnected from the g/j lately.
  • #55,736
  • Dec 20, 2007 9:29am Dec 20, 2007 9:29am
Quoting FX-Petra
Thanks man, that makes me feel better!!!!!
Are you kidding? So far the hammering has been led by just GU..Just imagine what would happen if UJ joined the fray...it has been stuck in a 78 pip range this week so far..
  • #55,737
  • Dec 20, 2007 9:33am Dec 20, 2007 9:33am
Quoting Holypendant
Guys... there r chances tt it might bounce up from here... unless it drop another 200pips... i c sum support at between 221-222. any1 agrees with me? I'm long for ur info.. i'm in it since 229
It's SELL high and BUY low, not the other way round. Haven't you got a stop loss in place? It does look oversold right now and most are expecting a bounce but there's no telling how far GBP could fall. GBPUSD hasn't retraced since it broke through the important upward trendline or since breaking through 2.00, it could be argued that we are due for one, but way up to 229? You could be waiting a while.
  • #55,738
  • Dec 20, 2007 9:35am Dec 20, 2007 9:35am
Quoting Holypendant
Guys... there r chances tt it might bounce up from here... unless it drop another 200pips... i c sum support at between 221-222. any1 agrees with me? I'm long for ur info.. i'm in it since 229
What the..........Good luck man...Thats all I will say....Good Luck..
  • #55,739
  • Dec 20, 2007 9:36am Dec 20, 2007 9:36am
Quoting forexnovice
SL hit !!
this picture looks like a margin call

nevermind...
  • #55,740
  • Dec 20, 2007 9:38am Dec 20, 2007 9:38am
If this thing keeps tanking like this I am sure the govt is going to step in and do something about it. I saw a post some where earlier that BOE is going to have a meeting or something in the afternoon.
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