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

  • #64,381
  • Mar 2, 2008 7:26pm Mar 2, 2008 7:26pm
Quoting moneymagnet
thats what i think as well and if they do this thing will skyrocket as it has in the past, then we will have to re evaluate. oh what fun this pj is.lol
Agreed, this will be a fun trading week with all the data releases out - starting today. . . right now it's like watching paint dry that why I'm taking these "no risk" trades for now. Could prove to be lucrative both ways!
  • #64,382
  • Mar 2, 2008 7:33pm Mar 2, 2008 7:33pm
Quoting mktjong
I wouldn't think so, based on current market condition it will cost a lot for BOJ to intervene. The market is very bearish and wouldn't have much effect. Unless Usd/Jpy goes below 100, then it would be another story.. I guess
U might be quite right on this. . . Either or I'll trade it both ways - let's see how it plays out. . .
  • #64,383
  • Mar 2, 2008 7:39pm Mar 2, 2008 7:39pm
http://www.tradingrooms.com/chartpos...3200801810.png
  • #64,384
  • Mar 2, 2008 7:41pm Mar 2, 2008 7:41pm
As I told you before , in this market , just sell for now , until Yen reaches to an stable down point and it seems it to be around 100 Area .... but For now , We may see a Bounce temporary .


Be Careful , If USD / JPY Cross the 102.90 Area ... We may see today 199 Area by today on GJ.

Reasons :
Stocks in Japan Declined. Led by US upcoming recession fears and Low DJ.
UK Consumer`s fears of inflation rose and House prices fell.
US no good news indeed and today on Both GBP and USD , we are not waiting for better news it means !!!!
UK will decrease the interest Rates
US must decrease the Interest Rates by may be to even 1.5 because it need and it is not the real way to treat this ill economy.



The World must continue , If we believe world will change soon , you are wrong but It will change indeed.
You can even earn in this bloody dirty market , To want is to be ABLE !!!
Imagination is more important than knowledge. -- Albert Einstein
  • #64,385
  • Mar 2, 2008 7:45pm Mar 2, 2008 7:45pm
dailies just "look" like they want to tank at this present view
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 26 KB
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #64,386
  • Mar 2, 2008 7:46pm Mar 2, 2008 7:46pm
Quoting Pyramid
As I told you before , in this market , just sell for now , until Yen reaches to an stable down point and it seems it to be around 100 Area .... but For now , We may see a Bounce temporary .


Be Careful , If USD / JPY Cross the 102.90 Area ... We may see today 199 Area by today on GJ.

Reasons :
Stocks in Japan Declined. Led by US upcoming recession fears and Low DJ.
UK Consumer`s fears of inflation rose and House prices fell.
US no good news indeed and today on Both GBP and USD , we are not waiting for better news it means !!!!
UK will decrease the interest Rates
US must decrease the Interest Rates by may be to even 1.5 because it need and it is not the real way to treat this ill economy.



The World must continue , If we believe world will change soon , you are wrong but It will change indeed.
You can even earn in this bloody dirty market , To want is to be ABLE !!!
Don't forget that it looks like we may get two wars starting at once (Israel/Palestine and Venezuela/Columbia).
  • #64,387
  • Mar 2, 2008 7:49pm Mar 2, 2008 7:49pm
Quoting Pyramid
As I told you before , in this market , just sell for now , until Yen reaches to an stable down point and it seems it to be around 100 Area .... but For now , We may see a Bounce temporary .


Be Careful , If USD / JPY Cross the 102.90 Area ... We may see today 199 Area by today on GJ.

Reasons :
Stocks in Japan Declined. Led by US upcoming recession fears and Low DJ.
UK Consumer`s fears of inflation rose and House prices fell.
US no good news indeed and today on Both GBP and USD , we are not waiting for better news it means !!!!
UK will decrease the interest Rates
US must decrease the Interest Rates by may be to even 1.5 because it need and it is not the real way to treat this ill economy.



The World must continue , If we believe world will change soon , you are wrong but It will change indeed.
You can even earn in this bloody dirty market , To want is to be ABLE !!!
would love to see 199 today. been buying in my demo and losing. lol!!! bought at 98 in demo and the thing dropped 50 pips immediately. waiting to get above my 15 min 50ema to look for opportunities.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #64,388
  • Mar 2, 2008 7:50pm Mar 2, 2008 7:50pm
Quoting moneymagnet
dailies just "look" like they want to tank at this present view
Does look rather doom and gloom at this point but. . .
Trading the beast ain't for the meek that's for sure. . .
  • #64,389
  • Mar 2, 2008 7:56pm Mar 2, 2008 7:56pm
New monthly momentum is very bearish and we will see 190's, so markam is the big boss here

BUT, if this 204.34 holds, then we should see a 50% retrace first before going lower and the 50% retrace will take us up to 208.90 area.

Good luck.
Trade what you see, not what you think.
  • #64,390
  • Mar 2, 2008 7:58pm Mar 2, 2008 7:58pm
Quoting karmostaji
New monthly momentum is very bearish and we will see 190's, so markam is the big boss here

BUT, if this 204.34 holds, then we should see a 50% retrace first before going lower and the 50% retrace will take us up to 208.90 area.

Good luck.
= and that's a big "IF"
  • #64,391
  • Mar 2, 2008 8:00pm Mar 2, 2008 8:00pm
Quoting quecee5
= and that's a big "IF"
Indeed it is, this pair is not called 'the beast' for nothing
Trade what you see, not what you think.
  • #64,392
  • Mar 2, 2008 8:06pm Mar 2, 2008 8:06pm
Quoting Pyramid
As I told you before , in this market , just sell for now , until Yen reaches to an stable down point and it seems it to be around 100 Area .... but For now , We may see a Bounce temporary .


Be Careful , If USD / JPY Cross the 102.90 Area ... We may see today 199 Area by today on GJ.

Reasons :
Stocks in Japan Declined. Led by US upcoming recession fears and Low DJ.
UK Consumer`s fears of inflation rose and House prices fell.
US no good news indeed and today on Both GBP and USD , we are not waiting for better news it means !!!!
UK will decrease the interest Rates
US must decrease the Interest Rates by may be to even 1.5 because it need and it is not the real way to treat this ill economy.



The World must continue , If we believe world will change soon , you are wrong but It will change indeed.
You can even earn in this bloody dirty market , To want is to be ABLE !!!
Interesting thought provoking posting.
Blogging daily now at www.volume.zone
  • #64,393
  • Mar 2, 2008 8:10pm Mar 2, 2008 8:10pm
Quoting karmostaji
New monthly momentum is very bearish and we will see 190's, so markam is the big boss here

BUT, if this 204.34 holds, then we should see a 50% retrace first before going lower and the 50% retrace will take us up to 208.90 area.

Good luck.
Hey Karmo, how are things in your part of the world?
  • #64,394
  • Mar 2, 2008 8:12pm Mar 2, 2008 8:12pm
I used to be able to upload charts as picture file but cannot now. Why is this. Can anyone help please
Blogging daily now at www.volume.zone
  • #64,395
  • Mar 2, 2008 8:12pm Mar 2, 2008 8:12pm
Quoting markam
Hey Karmo, how are things in your part of the world?
Life is great here in Dubai , how have you been? and how's the new job going? It's good to see you post bro
Trade what you see, not what you think.
  • #64,396
  • Mar 2, 2008 8:21pm Mar 2, 2008 8:21pm
a little strange may be - 1h chnnl redrawn to upside
http://www.tradingrooms.com/chartpos...3200821325.png
  • #64,397
  • Mar 2, 2008 8:22pm Mar 2, 2008 8:22pm
Quoting karmostaji
Life is great here in Dubai , how have you been? and how's the new job going? It's good to see you post bro
Job is going very well. The only drawback is that while I can follow what is happening in the forex market during the day, I can't trade to take advantage of it.
  • #64,398
  • Mar 2, 2008 8:23pm Mar 2, 2008 8:23pm
GJ 204.34 Area seems not vulnerable but Until the end of the Tokyo session It it become stable , I think a few Bounce may begin.... but it is still to risky...

Also UJ 102.90 Area is same ...
Imagination is more important than knowledge. -- Albert Einstein
  • #64,399
  • Mar 2, 2008 8:28pm Mar 2, 2008 8:28pm
Quoting markam
Job is going very well. The only drawback is that while I can follow what is happening in the forex market during the day, I can't trade to take advantage of it.
with your doom & gloom theory, I'd just open some shorts and forget about em lol
Trade what you see, not what you think.
  • #64,400
  • Mar 2, 2008 8:46pm Mar 2, 2008 8:46pm
Quoting karmostaji
with your doom & gloom theory, I'd just open some shorts and forget about em lol

That is pretty much my strategy.
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