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

somebody bought at 203.50

Might be a good bet, at least short term. I am not sure UJ is going to break 100 right now.

She just made a triple bottom

i doubt it. we already completed a daily average of about 250 pips, so i don't think it can travel another 500 pips up today. given the fact that dollar is being sold, i'd say we would continue to go down.

That would be BOJ
Geezz .. it's true, really hard to catch a falling knife.

got another 350 pips on this fall sorry for bulls

Dollar is about to break below 72. I predict gold breaks 1000 during the european session.

Yen reactions related to this..


2008-03-13 03:57:00 Carlyle Cap Corp Unable To Reach Pact With Lenders>CCC.AE


DOW JONES NEWSWIRES
Carlyle Capital Corp. (CCC.AE) said it has been unable to reach an agreement with its lenders and expects them to take possession of the company's remaining AAA-rated residential mortgage-backed securities.
Carlyle Capital, a listed fund managed by a New York-based unit of Carlyle Group, said its talks with lenders "deteriorated" late Wednesday when, among other things, the pricing service used by certain lenders reported a drop in the value of the RMBS collateral that is expected to result in additional margin calls Thursday of about $97.5 million.
Carlyle Capital said it defaulted on about $16.6 billion through Wednesday 12 and said its remaining indebtedness will soon go into default.
Carlyle said the basis on which lenders are willing to provide financing against the company's collateral has "changed so substantially" that a successful refinancing isn't possible.
-Karen M. Lee; 201-938-5400; [email protected]
(END) Dow Jones Newswires
March 12, 2008 23:57 ET (03:57 GMT)

03:57 NEWS: Japan MoF Shinohara - Excessive FX Moves Undesirable Tokyo, March 13. Over DowJones. Mr Shinohara says he continues to monitor FX developments closely. [email protected]

The future Dow is really bearish but close to a solid support.

I see some buying interest here. my new 4 hour mom looks like a retrace up.

NO question verbal intervention. Right after the FED acted too.

This is a tough market to begin with and then they throw in the unexpected interventions.

I am just reading what the chart tell us. No brainer, really.

Don't underestimate the Power of Price Action. Case in point, the DBLHC back on Jan. 21st and 22nd.

04:11 USD/JPY: Taking Breather From Sell-Off, MoF Comments Help Tokyo, March 13. USD/JPY looks to have steadied a bit following verbal intervention from MoF. Though not citing any specific levels, Japan FinMin Nukaga came out a short while ago that the G7 too was against excessive FX moves. The comments came out as USD/JPY shot down to a fresh multi-year low of 100.20, and does not look like a coincidence. MoF vice minister in charge of international affairs Shinohara also spoke out, noting that excessive FX volatility was undesirable. With USD/JPY down close to 8 yen over the course of the past two weeks, it would not surprise if MoF ordered BoJ intervention, if only to slow the current down move. Hints of such action have not been seen yet but the pace of verbal intervention does look to be picking up. Profit-takes and bidding interest ahead of presumed option barriers at 100.00 look to be supporting the downside in addition to the MoF talk. The bias does look to remain down however with offers seen moving down to around 101.00 now. USD/JPY trades 100.60/63. [email protected]

GJ8h moms
http://www.tradingrooms.com/chartpos...3200841651.png
NIKKEI 225 INDEX
http://quotes.ino.com/chart/?s=CME_N...i&w=15&t=f&a=3
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GJ1d CCI prediction
http://www.tradingrooms.com/chartpos...3200841445.png

GJ1h now
http://www.tradingrooms.com/chartpos...3200841510.png

GbpChf1h now
http://www.tradingrooms.com/chartpos...3200841539.png
GbpChf1h - historical
http://www.tradingrooms.com/chartpos...3200841616.png

US PRESS: The Wall St Journal says the US Administration is set to
announce the broadest blueprint yet for avoiding a repeat of the
sub-prime led credit crunch. According to the WSJ the review will put
forward recomendations for all corners of the industry from "mortgage
brokers to the Wall Street firms that package home loans into
securities to the credit-rating firms that assess the risk of those
securities to the regulators who police the system." The paper reports
Treasury Sec Hank Paulson saying ""We aren`t singling out any group of
market participants because...there were mistakes made by all."

The 4H qqe5 crossed down and GJ plummeted. The daily S3, monthly S1 and also the bottom of our range are at 203.60 area. I'm long half position from 203.85 with stop at 203. I really don't like the fact that UJ has broken below 101. This trade is simply a good risk/reward ratio trade. I see there's a good chance UJ and GJ breaking down tonight but I can't ignore the fact that there's tons of support at this level.

where are the long position holders with their patience pills?? lol

We are going doooooooooooooooooooooooown

fer

Xanax and valum working fine now