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

Quoting arezab

Disliked

Dear Mike, I've prepared a picture which shows the divergences I was talking about ...

Cheers

Ignored

Quoting piptrain

Disliked

wow Arezab, that is a perfect example of TWYSNWYT !!

Ignored

Quoting pipsy_2

Disliked

Is that blue line RSI ? What settings anre you using ? And what is that red line ? RSI with different settings ?

Ignored

Quoting piptrain

Disliked

I was expecting more consolidation for gj after the big moves today, but 207.45 high certainly seems like a neckline of a nice inverse head and shoulders forming. With 208.50 and weekly R1 taunting us.. Lets see how long this takes. Must close back above the speed trendline though now around 206.85. Prolly up and down and up and down before up and up and up.

Ignored

Quoting crashout

Disliked

Those who are shorts :

DIE !

http://www.freesmileys.org/smileys/violent084.gif

Ignored

Quoting malcolmb14

Disliked

those who are short are likely getting their rear end handed to them already and do not need to have torment trown at them.

Post something useful like a nice trade set up !!!

I day trade ... so do not really care.

Why do you think the Feds are throwing 200 billion of liquidity into the markets ?

they are now worried about inflation = no more rate cuts = dj -30 10500 by July.

the purpose of the $200 billion annouced today is so that they do not have to cut by .75% next week. The market already has a 42% chance of 75 bps , built in. No .75% = dj -30 going down.

The statement that goes with the rate cut is the thing to watch , dovish statement = markets dropping.

ANY HINT of interest rates going up the bonds are going to go up and indices down = GBPJPY down.

Very simple economics.

Ignored

Quoting hussin naiji

Disliked

dear malcolmb14 ,your point of view is invaluable .very good

Ignored

Quoting vinesh2

Disliked

Does anyone think that the $200B loan from govt means rate cut might be on hold for next week?

Ignored

Quoting malcolmb14

Disliked

The feds screwed up the technical analysis once more.

This is why I do not often position trade the gbpjpy.

The only reason that the gbpjpy is going up today is due to risk assumption as feds are pumping liquidity into the markets. The question you have to ask as swing traders is why ? They injected 20 billion the other day .. the markets only blipped up for a while before they continued down so they thought they would throw more at it.

Have you ever heard of bear rallies .... on the indexes they are very high volume up days on news. I will post a daily of dj-30 later today and likely today will be a big volume day.


I mean honestly come on guys , when you guys were all gong long yesterday , the gbpjpy dropped another 180 pips or something.

Who wants that kind of draw down on their accounts ???


I think the interest rate cut next week might only be 0.25%..... the feds are up to something... and why shouldn't they be .. oil at close to $110 ( a lot of you guys are to young to have lived through the oil crisis in the 70s when interest rates were 18%) they should be very scared of inflation... or to be exact hyper inflation (that would cause interest rate hikes of 1-2% bi weekly)!!!

You think we have a housing crisis in the US now and banks have issues with sub prime mortages .. if we ever get into those short term interest rates in the double digits the bond curve will flatten and banks profits will go down.

Ok so in the US you can lock in a nice cheap mortgage for 30 years , but trying selling your house when interest rates are 12%....mmmm .... fire sale .. houses will be 1/2 the price they are now.

The mess in the US is much worse than we have seen since the 1930's ... the feds are just not admitting it.

To boot we are a consumer society ... I think negative savings every month. That is an easy one. Interest rates are the lowest we have seen in 26 years and yet foreclosures are the highest they have every been.

What happens when recession hits and you lose the job that you have been relying on for income to pay your debts?? .. ... mmm .. compounding the current credit crunch there will be so many personal bankruptcies in the US.

The next 18 months are going to be very interesting.

One other thing of note ... wasn't the news saying US not in recession last week ? that is what the fed was reporting.

I heard the Treasury Secretray yesterday admit the US is in recession ... ' since when ' he was asked ... ' December' was his reply

Hold on I thought they were not in recession on Friday last week????

What has this to do with GBPJPY .... well unless there is a complete disconnect between the indices and GBPJPY , which there is not right now. GBPJPY will follow the markets down as there is a massive unwinding of carry trades.

Ignored

Quoting ovaforty

Disliked

I felt that the 204 would be a good buy so began to build a few "tester" positions around 204.99. It was not fun watching draw down to the 203's.
The charts were telling me a retrace up was due. There was buying interest.
Proper MM allowed me to ride it out and add 2 more longs. I booked when the news candle stalled making a lower high on the 4 hour chart.

Ignored

Quoting ovaforty

Disliked

If Markham's prediction of doom and gloom is to take place, then we will see rampant global inflation, and bread will cost a days' wages.

Ignored