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

  • #70,421
  • Mar 21, 2008 5:07am Mar 21, 2008 5:07am
i will back in one hour.
  • #70,422
  • Mar 21, 2008 5:09am Mar 21, 2008 5:09am
Quoting Tiger Hunter
i will back in one hour.

take ur time bro , talk later
  • #70,423
  • Mar 21, 2008 5:14am Mar 21, 2008 5:14am
arezab good morning bro hope u r well today
  • #70,424
  • Mar 21, 2008 5:37am Mar 21, 2008 5:37am
goodness good morning bro hows u today
  • #70,425
  • Mar 21, 2008 5:41am Mar 21, 2008 5:41am
GBP/JPY's sharp fall from 201.81 as well as break of 196.60 minor support suggests that rebound from 192.60 could have completed already. At this point, intraday bias is flipped to the downside for 192.60 low. Break will confirm recent down trend has resumed for next important medium term support zone of 190 psychological level, which is close to 161.8% projection of 251.09 to 219.32 from 241.35 at 189.94. Meanwhile, above 199.28 resistance will indicate that rebound from 192.60 is indeed still in progress. But upside should be limited bye 203.47 resistance zone (23.6% retracement of 241.35 to 192.60 at 204.11) and bring another fall.


In the bigger picture, whole up trend from 148.19 should have ended at 251.09 already. Down trend from there is still in progress and is expected to extend towards the rising trend line support (now at 174.16). However, above 203.47 resistance zone will indicate that fall from 241.35 has possibly completed. Retest of channel resistance (now at 208.60) could be seen first. Break will confirm this case and indicate that a medium term bottom is already in place.
  • #70,426
  • Mar 21, 2008 5:47am Mar 21, 2008 5:47am
Quoting forexlion
GBP/JPY's sharp fall from 201.81 as well as break of 196.60 minor support suggests that rebound from 192.60 could have completed already. At this point, intraday bias is flipped to the downside for 192.60 low. Break will confirm recent down trend has resumed for next important medium term support zone of 190 psychological level, which is close to 161.8% projection of 251.09 to 219.32 from 241.35 at 189.94. Meanwhile, above 199.28 resistance will indicate that rebound from 192.60 is indeed still in progress. But upside should be limited bye 203.47 resistance zone (23.6% retracement of 241.35 to 192.60 at 204.11) and bring another fall.


In the bigger picture, whole up trend from 148.19 should have ended at 251.09 already. Down trend from there is still in progress and is expected to extend towards the rising trend line support (now at 174.16). However, above 203.47 resistance zone will indicate that fall from 241.35 has possibly completed. Retest of channel resistance (now at 208.60) could be seen first. Break will confirm this case and indicate that a medium term bottom is already in place.

gr8 analyse bro keep good work
  • #70,427
  • Mar 21, 2008 5:49am Mar 21, 2008 5:49am
Quoting forexlion
GBP/JPY's sharp fall from 201.81 as well as break of 196.60 minor support suggests that rebound from 192.60 could have completed already. At this point, intraday bias is flipped to the downside for 192.60 low. Break will confirm recent down trend has resumed for next important medium term support zone of 190 psychological level, which is close to 161.8% projection of 251.09 to 219.32 from 241.35 at 189.94. Meanwhile, above 199.28 resistance will indicate that rebound from 192.60 is indeed still in progress. But upside should be limited bye 203.47 resistance zone (23.6% retracement of 241.35 to 192.60 at 204.11) and bring another fall.


In the bigger picture, whole up trend from 148.19 should have ended at 251.09 already. Down trend from there is still in progress and is expected to extend towards the rising trend line support (now at 174.16). However, above 203.47 resistance zone will indicate that fall from 241.35 has possibly completed. Retest of channel resistance (now at 208.60) could be seen first. Break will confirm this case and indicate that a medium term bottom is already in place.
what is ur view for this short term bro
  • #70,428
  • Mar 21, 2008 6:02am Mar 21, 2008 6:02am
BBC Business

The US economy is on the brink of recession, according to the Organisation for Economic Co-operation and Development (OECD).

The OECD has slashed its growth forecast for the US economy and hardly expects it to grow at all in the first six months of 2008.
But the OECD says it is "premature" to say the US is in recession.
Among countries that use the euro, it raised its growth forecast for the first quarter from 0.4% to 0.5%.
'Moving sideways'
But for the second quarter of 2008 it lowered its forecast from 0.5% to 0.4%.
The report forecast UK growth of 0.6% in the first quarter.
OECD chief economist Jorgen Elmeskov said the Bank of England should be cautious, given the solid growth and worries over inflation.
The research group said the US economy is, "essentially moving sideways, if not contracting outright".
The OECD, which represents the 30 most advanced industrial countries, now expects the US economy to grow just 0.1% in the first three months of this year, down from its original 0.3% forecast. In the second three months, it reduced its forecast to zero growth, down from 0.4%.
  • #70,429
  • Mar 21, 2008 6:14am Mar 21, 2008 6:14am
Hi, Both the sharp fall from 201.81 and the break of 196.60 happened on March 19th (two days ago), is there anything happened yesterday and today
which can confirm the rebound have completed?

Quoting forexlion
GBP/JPY's sharp fall from 201.81 as well as break of 196.60 minor support suggests that rebound from 192.60 could have completed already. At this point, intraday bias is flipped to the downside for 192.60 low. Break will confirm recent down trend has resumed for next important medium term support zone of 190 psychological level, which is close to 161.8% projection of 251.09 to 219.32 from 241.35 at 189.94. Meanwhile, above 199.28 resistance will indicate that rebound from 192.60 is indeed still in progress. But upside should be limited bye 203.47 resistance zone (23.6% retracement of 241.35 to 192.60 at 204.11) and bring another fall.


In the bigger picture, whole up trend from 148.19 should have ended at 251.09 already. Down trend from there is still in progress and is expected to extend towards the rising trend line support (now at 174.16). However, above 203.47 resistance zone will indicate that fall from 241.35 has possibly completed. Retest of channel resistance (now at 208.60) could be seen first. Break will confirm this case and indicate that a medium term bottom is already in place.
  • #70,430
  • Mar 21, 2008 6:20am Mar 21, 2008 6:20am
JAPAN-ECONOMY/SHIRAKAWA (URGENT)

Fri Mar 21, 2008 6:27am EDT
BOJ's Shirakawa: top priority is market turmoil
TOKYO, March 21 (Reuters) - Acting Bank of Japan (BOJ) Governor Masaaki Shirakawa said on Friday his top priority at the moment is to deal with turmoil in international financial markets.
He also said he shared the view on the economy expressed in the central bank's monthly report for March and expects Japan's economy to moderately expand after the current slowdown.
"To appropriately deal with the turmoil in international financial markets triggered by U.S. subprime problems is the most important task," Shirakawa told a news conference
Shirakawa, also a new deputy governor, has been appointed acting governor until parliament approves a new BOJ chief.
The BOJ governor's chair has been left vacant after parliament vetoed two government nominees for the job. (Reporting by Hideyuki Sano, Yuzo Saeki and Tetsushi Kajimoto)
  • #70,431
  • Mar 21, 2008 6:22am Mar 21, 2008 6:22am
Quoting shahroodi
hi TH
how r u mate???
today was profitable for you till now??? have any position???

i closed my last night position(long from 195.80) at 197.90

now i'm in sideline and today i don't want to trade,instead of trade,i enjoy the life and i'm going to party

best wishes for you
i not see your post before i leave , i am good and how are you and your trading going? hope you have a great party with all who you love them.
  • #70,432
  • Mar 21, 2008 6:25am Mar 21, 2008 6:25am
FX OUTLOOK-Dollar likely to see further bounce next week ( Reuters )

Thu Mar 20, 2008 3:27pm EDT
"Euro/dollar is in 'overshoot' mode and we had never expected it to reach as high as 1.59," said Chris Turner, ING head of FX strategy at ING Capital Markets in London.
He added that the euro is about 30 cents above its long-term real effective exchange rate and merely 3 percent to 5 percent away from the highest (implied) euro level since the free float of the dollar in the 1970s.
"We thus have a very hard time seeing euro/dollar sustain levels in the $1.60-65 area," Turner said.
Financial markets on Monday are closed in the euro zone, London, Sweden, Norway, Switzerland, South Africa, Australia, Hong Kong, Japan and Australia. With little volume that day, analysts expect volatile price movements.
U.S. INFLATION DATA IN FOCUS
In terms of U.S. economic data, currency analysts say the market will look to housing data on Monday and Wednesday for clues on the extent of the slowdown in the sector.
Traders will also probably give more focus than usual on the release of the personal consumption expenditure (PCE) core deflator, the Federal Reserve's preferred inflation gauge.
In its accompanying statement after it slashed benchmark interest rates by 75 basis points to 2.25 percent on Tuesday, the Fed said it would keep a wary eye on prices and expressed concern that inflation might not decline as expected.
"If it (core PCE) prints at 2.0 percent year-on-year as we expect though, this would pull it back to the top of the Fed's comfort zone," said Calyon in a research note. "But the continued financial market turmoil should ensure that the downbeat activity signals overwhelms inflation."
  • #70,433
  • Mar 21, 2008 6:27am Mar 21, 2008 6:27am
even that 4hr candle make me not sure about the trend changing, but there will be bull action and that what i am sure for now .
in that conditions i will go with the price , untill i got clear confirmation about that broke .
  • #70,434
  • Mar 21, 2008 6:35am Mar 21, 2008 6:35am
Quoting Tiger Hunter
even that 4hr candle make me not sure about the trend changing, but there will be bull action and that what i am sure for now .
in that conditions i will go with the price , untill i got clear confirmation about that broke .

yeah its not so clear till now , buyer and seller r away for the moment , the volume is lo
  • #70,435
  • Mar 21, 2008 6:40am Mar 21, 2008 6:40am
100% there is pull action in medium term.
  • #70,436
  • Mar 21, 2008 6:41am Mar 21, 2008 6:41am
Quoting Tiger Hunter
even that 4hr candle make me not sure about the trend changing, but there will be bull action and that what i am sure for now .
in that conditions i will go with the price , untill i got clear confirmation about that broke .
since 4 days and the price playing around the daily pivot up and down if we stay without a clear trend today i think next week will be a gr8 week to trade
  • #70,437
  • Mar 21, 2008 6:43am Mar 21, 2008 6:43am
Quoting Tiger Hunter
100% there is pull action in medium term.
did u took any buy position bro ?
  • #70,438
  • Mar 21, 2008 6:53am Mar 21, 2008 6:53am
as i said i will move with the price i refresh my mind from all what i think the price may will do and trade my chart.
  • #70,439
  • Mar 21, 2008 6:54am Mar 21, 2008 6:54am
Could any buddy creat EA for this great strategy?
Hence it will be easier to trade each pair without any stop.
ok?
tks
ele
  • #70,440
  • Mar 21, 2008 7:03am Mar 21, 2008 7:03am
i love his system it make me take good calls to myself , 15 min signals is very good now.
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