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GBPJPY scalpers

  • #1,541
  • Mar 30, 2008 8:51pm Mar 30, 2008 8:51pm
Quoting naatha
Quote:
Originally Posted by goodbadmas
i m already short since 197 .. waiting for her to go back there !

hehe
goodbadmas

lol naatha !!
  • #1,542
  • Mar 30, 2008 8:58pm Mar 30, 2008 8:58pm
Quoting malcolmb14
Nice to have some TA with that statement please ....

Right now we are trapped under the 50 sma on the 60 min with a doji forming , which if it finishes like this on the 60 min bar will also be an inside bar.

However we have that major support zone of 199.20 rigght underneath price that we have not broken yet.

Looking in on the 10 min we have symmetrical triangle forming ( a continuation pattern) and 199.2 needs to be broken for this pattern to fail .
When I posted that it had just bounced off the trendline at the high 199 area
Patience + Humility + Study = Success
  • #1,543
  • Mar 30, 2008 9:00pm Mar 30, 2008 9:00pm
Quoting goodbadmas
i have a feeling . i will be screwed somehow ! lol

well cheers ..

goodbadmas
Ranging market now...but normally 5 minute after london open, London will push to 200xx....then....US open will follow....and US open will push it to 201xx.
  • #1,544
  • Mar 30, 2008 9:08pm Mar 30, 2008 9:08pm
i just wanna see my 4h candle close, in 52 mins.
  • #1,545
  • Mar 30, 2008 9:09pm Mar 30, 2008 9:09pm
Quoting piptrain
i just wanna see my 4h candle close, in 52 mins.
what do u expect from that ??
  • #1,546
  • Mar 30, 2008 9:10pm Mar 30, 2008 9:10pm
Any thoughts or comments on the effect on yen pairs (or lack thereof...) of the Fed plan that should get released tomorrow. A summary was released to the press sometime Saturday I think, with full coverage on Monday.

http://www.cnbc.com/id/23868904

My 2 pips is that there might be some anticipation that this would generate some potential dollar strength at the market open, so I went long, once my support levels seemed to be holding.

I'm currently LONG +100 pips on UJ from 98.91(IbFX had 15 to +20 pip spreads at the open on GY, so screw that). The thing is, now I'm not sure what the reason was. I've read some other things like Pandora's post on the yen sell that maybe make more sense.
FUBAR...
  • #1,547
  • Mar 30, 2008 9:13pm Mar 30, 2008 9:13pm
KNOWLEDGE.

I wanna see how this candle closes in respect to the 50ema and 21ema. 199.23 is 50% of this down move. And, I wanna see how this hour closes in respect to the 200ema. With such a nice bounce off the 197.16 50% fib, I am starting to see something quite nice forming. cheers.
  • #1,548
  • Mar 30, 2008 9:18pm Mar 30, 2008 9:18pm
Somebody to decide :

1. If London open follow the news regarding the selling yen + follow Technical analysis....we will see 200xx

BUT

2. If London follow the fundemental analysis....because both news
(Industrial Production m/m (p) + Average Cash Earnings y/y) was good news for Japan..we will see 197xx
  • #1,549
  • Mar 30, 2008 9:36pm Mar 30, 2008 9:36pm
Quoting PandoraBox
Ranging market now...but normally 5 minute after london open, London will push to 200xx....then....US open will follow....and US open will push it to 201xx.

Nothing to make the markets go up in the US tomorrow. No real news and at the moment dj-30 is in a strong downtrend on the 60 min.

FTSE100 has a bearish div on the rse on a 60 min chart , and the 2 hour rsi says down .


Alot of news coming out of Europe tonight , not sure if that will give gbp a life or not.

Only one minor news item for GBP tonight

No major earnings announcements tomorrow

I believe we will get follow thru of Fridays market.
Blogging daily now at www.volume.zone
  • #1,550
  • Mar 30, 2008 9:37pm Mar 30, 2008 9:37pm
There is plenty of support at this level-I'm tempted to nibble here with a long looking for a retest of 200 before bedtime. Where is our fearless leader?
  • #1,551
  • Mar 30, 2008 9:37pm Mar 30, 2008 9:37pm
Hey Malcolmb,
Do you know what the format of your website will be? A room or some sort of updated website?
  • #1,552
  • Mar 30, 2008 9:39pm Mar 30, 2008 9:39pm
So what do we have?
3 really weak currencies battling things out on a daily basis.
Pick the order from 1-3 but the USD, GBP and JPY all are pretty weak at the moment and on any given day the order of weakest to strongest changes.
The GBP and USD are both going to cut interest rates in the near future, so the JPY is strongest. Except, the BOJ doesn't like that.
The US is set to dump billions more into prop up their side of the ledger.
The US stimulus package will create positive financial news and further increase the "strength" of the dollar, at least on paper.
the EUR zone and Asian zone are poised to start making some bad announcements as the spin off from the US goes more global.
The US will "coming out of recession" as everyone else has to deal with bad news. The dollar will strengthen and battle the EUR for #1.
The Aud-USD seems to be the new carry trade.
Commodities will get stronger as the GBP and JPY weaken.
The bottom line is that there is huge opportunity in front of us, IMHO.
Any thoughts?
  • #1,553
  • Mar 30, 2008 9:55pm Mar 30, 2008 9:55pm
Quoting PipAV8tor
So what do we have?
3 really weak currencies battling things out on a daily basis.
Pick the order from 1-3 but the USD, GBP and JPY all are pretty weak at the moment and on any given day the order of weakest to strongest changes.
The GBP and USD are both going to cut interest rates in the near future, so the JPY is strongest. Except, the BOJ doesn't like that.
The US is set to dump billions more into prop up their side of the ledger.
The US stimulus package will create positive financial news and further increase the "strength" of the dollar, at least on paper.
the EUR zone and Asian zone are poised to start making some bad announcements as the spin off from the US goes more global.
The US will "coming out of recession" as everyone else has to deal with bad news. The dollar will strengthen and battle the EUR for #1.
The Aud-USD seems to be the new carry trade.
Commodities will get stronger as the GBP and JPY weaken.
The bottom line is that there is huge opportunity in front of us, IMHO.
Any thoughts?


jpy will gain strength...it is inevitable...the usd may weaken further after the dust settles...don't think gj has seen its bottom just yet...IMHO


what do u think happens with the pairs?

uj? may or may not be near bottom
gj? needs to see 185 or 180 at least b4 it tries to bottom IMO
a/u? yes i agree carry to come

e/u will correct and continue to carry


my 2 cents

all of the above is nice(i partially agree with some of it) but how do u see the pairs performing???
  • #1,554
  • Mar 30, 2008 10:21pm Mar 30, 2008 10:21pm
done for today

back in the morning. I am more of a hit and run trader , rather than spend hours at a time sitting in front of the computer.

I agree there seems to be strong support at 199.2 , however we have moved 300 pips with very little retracement , in a bearish overall economic environment. I would expect a decent pullback before the next leg up.

It is going to be an interesting night. I do not hold overnight and rarely even trade in the evening.

My zone is the 4am to 8am pacific zone , the euro / us overlap.
Blogging daily now at www.volume.zone
  • #1,555
  • Mar 30, 2008 10:24pm Mar 30, 2008 10:24pm
Quoting malcolmb14
done for today

back in the morning. I am more of a hit and run trader , rather than spend hours at a time sitting in front of the computer.

I agree there seems to be strong support at 199.2 , however we have moved 300 pips with very little retracement , in a bearish overall economic environment. I would expect a decent pullback before the next leg up.

It is going to be an interesting night. I do not hold overnight and rarely even trade in the evening.

My zone is the 4am to 8am pacific zone , the euro / us overlap.
Alright Malcolm you have a good rest. I'm a night owl so I'll probably still be here when you get back lol.
All that is left in FF is just plain garbage. "Cloggie"
  • #1,556
  • Mar 30, 2008 10:27pm Mar 30, 2008 10:27pm
Quoting PipAV8tor
So what do we have?
3 really weak currencies battling things out on a daily basis.
Pick the order from 1-3 but the USD, GBP and JPY all are pretty weak at the moment and on any given day the order of weakest to strongest changes.
The GBP and USD are both going to cut interest rates in the near future, so the JPY is strongest. Except, the BOJ doesn't like that.
The US is set to dump billions more into prop up their side of the ledger.
The US stimulus package will create positive financial news and further increase the "strength" of the dollar, at least on paper.
the EUR zone and Asian zone are poised to start making some bad announcements as the spin off from the US goes more global.
The US will "coming out of recession" as everyone else has to deal with bad news. The dollar will strengthen and battle the EUR for #1.
The Aud-USD seems to be the new carry trade.
Commodities will get stronger as the GBP and JPY weaken.
The bottom line is that there is huge opportunity in front of us, IMHO.
Any thoughts?
The US coming out of recession

hate to be a doom spreader but things were not even this bad in the 30's

I think the worst is yet to come.

Commodities will get stronger ( gold ) due to the fact that it is considered a safe haven for investors.
Blogging daily now at www.volume.zone
  • #1,557
  • Mar 30, 2008 10:31pm Mar 30, 2008 10:31pm
Quoting PipAV8tor
So what do we have?
3 really weak currencies battling things out on a daily basis.
Pick the order from 1-3 but the USD, GBP and JPY all are pretty weak at the moment and on any given day the order of weakest to strongest changes.
The GBP and USD are both going to cut interest rates in the near future, so the JPY is strongest. Except, the BOJ doesn't like that.
The US is set to dump billions more into prop up their side of the ledger.
The US stimulus package will create positive financial news and further increase the "strength" of the dollar, at least on paper.
the EUR zone and Asian zone are poised to start making some bad announcements as the spin off from the US goes more global.
The US will "coming out of recession" as everyone else has to deal with bad news. The dollar will strengthen and battle the EUR for #1.
The Aud-USD seems to be the new carry trade.
Commodities will get stronger as the GBP and JPY weaken.
The bottom line is that there is huge opportunity in front of us, IMHO.
Any thoughts?
Forgot to mention Queen E. has cancelled a party due to financial & market concerns - Bloomberg.
History is written by the victors.
  • #1,558
  • Mar 30, 2008 10:31pm Mar 30, 2008 10:31pm
I closed at 199.50 on the stall for a nice little snack!!

Quoting FXStarShip
There is plenty of support at this level-I'm tempted to nibble here with a long looking for a retest of 200 before bedtime. Where is our fearless leader?
  • #1,559
  • Mar 30, 2008 10:33pm Mar 30, 2008 10:33pm
Quoting malcolmb14
The US coming out of recession

hate to be a doom spreader but things were not even this bad in the 30's

I think the worst is yet to come.

Commodities will get stronger ( gold ) due to the fact that it is considered a safe haven for investors.

It took Japan 13 year (1990 to 2003) to find its low ^_^
  • #1,560
  • Mar 30, 2008 11:04pm Mar 30, 2008 11:04pm
Bottom dropped out of futures and NIkkei
Blogging daily now at www.volume.zone
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