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

Quoting karmostaji

Disliked

next targets as PC mentioned a couple of posts above, are the 50% n 61.8%

Ignored

Quoting kujo17

Disliked

207.7 has held 8 1H bars.
She dropping again and all Mom/QQE's from 1H and below are down.
Still targeting 205.71 area, but short again from 207.30 to 206.20 for a quick scalp.

Then, see if we're rejected at the DP for our move up to 210 and 213 areas.

Ignored

Quoting danryman78

Disliked

what s going on karmo!!!!!!

Ignored

Quoting shahroodi

Disliked

new 12 hr candle and momentoms


ps:today,first 12hr momentoms were bearsih and price reached 206.50 area,now new 12 hr momentoms shows bullish....so i think today price will be in whipsaw condition form 206.50 to 207.80 area...IMO

Ignored

Quoting danryman78

Disliked

what s going on karmo!!!!!!

Ignored

Quoting GodfreyH

Disliked

Look man, why don't you guys understand that Karmo is a medium to long term trader, these dips are just a burp for him. If you can't handle a 300-400 pip draw down reduce your lot size or trade shorter time frames.

Ignored

Quoting android

Disliked

No news. So why the collapse?

Ignored

Quoting malcolmb14

Disliked

Easy one .. think about why feds pumped liquidity into the markets ?

I did a couple of posts why yesterday

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 GodfreyH

Disliked

Look man, why don't you guys understand that Karmo is a medium to long term trader, these dips are just a burp for him. If you can't handle a 300-400 pip draw down reduce your lot size or trade shorter time frames.

Ignored

Quoting hussin naiji

Disliked

hi dear Malcolmb14 ,beginning im happy because find a good friend and hope for a permanent with u . Malcolmb14 ,we have seen injection 184 B by FED approximately in the past six months even with assistance BOC -BOE -RBA -BOE and BOJ .but we have seen that help to liquidity markets has defeated and after this time subprime crisis has spreaded to other countries . only EURO ZONE protected form this crisis because from b4 some of years EURO ZONE have economic relations with india and china .this is a forceful reason for my view .but Malcolmb14 , economists will study every month NFP report to help them predict CPI and GDP .with this NFP , i think that 25 bps for a cut rate by FED isnot enough .this report NFP signals to us for 50 bps or even 75 bps . we must be careful for risk aversion . i see more risk aversion this time . GJ is carry trade . i see unwinding for GJ . my forceful reason is futures rate GJ (200)

Ignored

Quoting malcolmb14

Disliked

I agree on 200 . I think lower.

Ignored

Quoting malcolmb14

Disliked

lol Godfrey

Honestly .... 300-400 in gbpjpy is just wrong entry . Even if you want to positoin trade a 4 hour get the right entry on a 60 or 30 min chart.

If you trade 20 lots you got to have a massive account

and if everything falls apart and your techanical anaylsis is wrong in the end you will down 300 - 400 pips ... err only 60 to 80 k on 20 lots.

max stop you should have on postion trade gbpjpy is 200.

300-400 means you are not managing your risk properly.

PS this posting is for newbies

Ignored

Quoting danryman78

Disliked

completely agreed with you

Ignored