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

  • #67,701
  • Mar 12, 2008 5:08pm Mar 12, 2008 5:08pm
Quoting mktjong
Watch out for verbal intervention from BOJ. I think it's quite scary to go short at the moment even though it has potential to go down further.
Risk & reward seems to go long is better
Only the brave will short UJ at this low 101 level. But we will see. It's simply a battle between the BOJ and the big hedge funds. Who has more money? Who will win? This might be similar to what the Bank of New Zealand did with the new zealand dollar last year.
  • #67,702
  • Mar 12, 2008 5:10pm Mar 12, 2008 5:10pm
I just scalped another 39 pips. sold that last retrace. Standing aside again.
  • #67,703
  • Mar 12, 2008 5:12pm Mar 12, 2008 5:12pm
Quoting karmostaji
If you want to be safe then wait for 1H QQE to cross up and candle to form above gann
I got one long @ 205.15 if we go low ill do again
  • #67,704
  • Mar 12, 2008 5:12pm Mar 12, 2008 5:12pm
Quoting $teve
Only the brave will short UJ at this low 101 level. But we will see. It's simply a battle between the BOJ and the big hedge funds. Who has more money? Who will win? This might be similar to what the Bank of New Zealand did with the new zealand dollar last year.

according to this article i wouldnt expect the boj to do a darn thing...... they dont seem too worried about it


http://bloomberg.com/apps/news?pid=2...NYI&refer=home


on the other hand in order for uj and gj to drop lower we would have to convicingly break past multiple monthly supports from years ago
  • #67,705
  • Mar 12, 2008 5:14pm Mar 12, 2008 5:14pm
I saw some buying interest again at 205. I want it cheaper.
  • #67,706
  • Mar 12, 2008 5:16pm Mar 12, 2008 5:16pm
wait until the market hunts those tight little stop losses below 205.

Then think about it if we get a rejection. Dont guess the market.
  • #67,707
  • Mar 12, 2008 5:18pm Mar 12, 2008 5:18pm
Quoting dagoods
according to this article i wouldnt expect the boj to do a darn thing...... they dont seem too worried about it


http://bloomberg.com/apps/news?pid=2...NYI&refer=home
Yeah, i read it too. But BOJ seems to be always a wild card
  • #67,708
  • Mar 12, 2008 5:18pm Mar 12, 2008 5:18pm
watch the daily chart 5 sma low. Watch the 4 hour to see if she makes a higher low. (edit-oops typo)
  • #67,709
  • Mar 12, 2008 5:21pm Mar 12, 2008 5:21pm
If she is going to hit the daily 5 sma low, then I sell retraces to scalp short.
  • #67,710
  • Mar 12, 2008 5:22pm Mar 12, 2008 5:22pm
Quoting dagoods
according to this article i wouldnt expect the boj to do a darn thing...... they dont seem too worried about it


http://bloomberg.com/apps/news?pid=2...NYI&refer=home
Naoyuki Shinohara, currently Japan's top currency official, told reporters today he's ``carefully'' watching the market, reiterating Nukaga's comments.

If they're not too worried, then why are they watching the market so carefully?
  • #67,711
  • Mar 12, 2008 5:23pm Mar 12, 2008 5:23pm
Quoting $teve
Naoyuki Shinohara, currently Japan's top currency official, told reporters today he's ``carefully'' watching the market, reiterating Nukaga's comments.

If they're not too worried, then why are they watching the market so carefully?

yes they have fooled us in the past i didnt see that quoteappreciate the counterpoint!

good stuff!
  • #67,712
  • Mar 12, 2008 5:27pm Mar 12, 2008 5:27pm
Quoting $teve
Only the brave will short UJ at this low 101 level. But we will see. It's simply a battle between the BOJ and the big hedge funds. Who has more money? Who will win? This might be similar to what the Bank of New Zealand did with the new zealand dollar last year.

I guess I'm the only one buying UJ at these levels and selling EU =
I guess we'll see how this plays out!
  • #67,713
  • Mar 12, 2008 5:32pm Mar 12, 2008 5:32pm
Quoting quecee5
I guess I'm the only one buying UJ at these levels and selling EU =
I guess we'll see how this plays out!
Eur/Usd is retreating, this pair should go up
  • #67,714
  • Mar 12, 2008 5:32pm Mar 12, 2008 5:32pm
as far as i remember, some japanese guy said (it was on bloomberg btw) that boj won't jump in to adjust u/j levels because this would be against US which favors a weak dollar at this moment.
so yes, you might be the only one buying UJ at these levels.

Quoting quecee5
I guess I'm the only one buying UJ at these levels =
Nihil Sine Deo.
  • #67,715
  • Mar 12, 2008 5:35pm Mar 12, 2008 5:35pm
Quoting quecee5
I guess I'm the only one buying UJ at these levels and selling EU =
I guess we'll see how this plays out!
I'm looking to long GJ when I see UJ will hold. GJ 4H qqe5 is very close to crossing down and the current candle is way below the gann line. If the 4h cross is confirmed, we might see a retest the bottom of the range and also the monthly S1 at 203.57.
  • #67,716
  • Mar 12, 2008 5:37pm Mar 12, 2008 5:37pm
Quoting quecee5
I guess I'm the only one buying UJ at these levels and selling EU =
I guess we'll see how this plays out!



I WONDER WHY Q??????

PS JUST WAITING FOR PA TO CONFIRM WHERE WILL IT DECIDE TO SIT AND FORM THAT BIG OLD PINBAR???? UNLESS OF COURSE IT DOES INFACT BREAK DOWN....... GULP!!!!!!! (highly unlikely...but u never know....
Attached Image (click to enlarge)
Click to Enlarge Name: uj ha ha.gif Size: 23 KB
  • #67,717
  • Mar 12, 2008 5:37pm Mar 12, 2008 5:37pm
A trendline broken to the upside on 5m
Attached Image (click to enlarge)
Click to Enlarge Name: tl.gif Size: 20 KB
  • #67,718
  • Mar 12, 2008 5:40pm Mar 12, 2008 5:40pm
Daily and weekly momentum are bullish so we might see the bottom and then a 400 pips bounce up to the 207 area again. I've caught 2 or 3 of those in the past two weeks so I'm waiting patiently to see how this will play out. I like to long from the bottom because even if the bottom breaks, I'll be stopped out for a small loss but if the bottom holds, then i get big rewards.

ps. My plan to buy off of strong support at 204 area has been working out perfectly. Each bounce from this level is easily 300-400 pips. I was hoping for 1000 pips bounce like it did a few years ago but 300-400 pips will do.
  • #67,719
  • Mar 12, 2008 5:41pm Mar 12, 2008 5:41pm
Quoting Scrat
as far as i remember, some japanese guy said (it was on bloomberg btw) that boj won't jump in to adjust u/j levels because this would be against US which favors a weak dollar at this moment.
so yes, you might be the only one buying UJ at these levels.
Maybe that's good for the US but surely not for Japan and it's exports to the US???
  • #67,720
  • Mar 12, 2008 5:44pm Mar 12, 2008 5:44pm
Quoting Pip Dream
Maybe that's good for the US but surely not for Japan and it's exports to the US???


I WILL SAY THIS FOR THE MILLIONTH TIME:

JAPAN IS THE USA'S DOG...THINK "OK ROVER GO FETCH..... DO THIS...DO THAT.... RAISE RATES JAPAN...LOWER RATES JAPAN...DON'T DO ANYTHING JAPAN....GOOD DOG!!!"


HE HE
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