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

  • #74,501
  • Apr 22, 2008 8:48am Apr 22, 2008 8:48am
Quoting Evilgoat
if it's as forecasted most likely not much... but with the interest cut's on the CAD if these reports come out against the USD it could mean more people will buy the GBP increasing demand.

I'm a noob correct me if i'm wrong.
Yes, but It may depend where they put their money, whether in YEN or GBP.
  • #74,502
  • Apr 22, 2008 8:53am Apr 22, 2008 8:53am
shorted euro 5938 sl 5949 tp 53xx-51xx zone

would like to maybe add to geppy second time through 5.86 but lookin like she might come off a tad
"Millionaires don't use astrology, billionaires do"
  • #74,503
  • Apr 22, 2008 8:55am Apr 22, 2008 8:55am
if i had a couple billion laying around I'd buy the pound for us .
  • #74,504
  • Apr 22, 2008 8:57am Apr 22, 2008 8:57am
Quoting karmostaji
Important housing news in 35 mins, I've locked in some profits just in case the market goes wild

Always use a SL locking in profits, better be safe than sorry
are you still long?
The Chonchy
  • #74,505
  • Apr 22, 2008 9:00am Apr 22, 2008 9:00am
Quoting sasoforex
15:00 USDhttp://www.forexfactory.com/images/m...mpact_high.gifExisting Home Sales
http://www.forexfactory.com/images/m...etail_star.gif
4.90M5.03M

What is going to Happen to gj now again....
so existing home sales low, bad for usd/jpy and for end it, bad for gbp/jpy
The Chonchy
  • #74,506
  • Apr 22, 2008 9:03am Apr 22, 2008 9:03am
could some one explain why home sales low and gbp going up? thanks in advance
The Chonchy
  • #74,507
  • Apr 22, 2008 9:04am Apr 22, 2008 9:04am
better then expected, but... ?!@#$@# who knows
  • #74,508
  • Apr 22, 2008 9:07am Apr 22, 2008 9:07am
Quoting chonchy
so existing home sales low, bad for usd/jpy and for end it, bad for gbp/jpy

Chonchy, careful how u view news releases. fundamentally the market has this stuff priced in for some time in advance, the actual release is all about the ability to move large blocks of assests quickly, mass surges of liquidity from both sides bid and offer as they reset their risk management.

As for euro they are definately selling, for they could keep driving prices higher all decade long if they choose, yet they are not WHY, fundamental shift in the buck perhaps? timewill tell
"Millionaires don't use astrology, billionaires do"
  • #74,509
  • Apr 22, 2008 9:08am Apr 22, 2008 9:08am
Quoting Piters
better then expected, but... ?!@#$@# who knows

yup cause that means people are selling yen and buying usd so we are kinda caught up in the middle GBP/USD might go down but if enough yen is sold off it could even out.
  • #74,510
  • Apr 22, 2008 9:08am Apr 22, 2008 9:08am
Quoting Piters
better then expected, but... ?!@#$@# who knows
I'm going to the side lines like the masters recomend when things are unclear
The Chonchy
  • #74,511
  • Apr 22, 2008 9:09am Apr 22, 2008 9:09am
Quoting chonchy
so existing home sales low, bad for usd/jpy and for end it, bad for gbp/jpy
It's also bad for Gbp/USd
I think things will soon settle down and resume
  • #74,512
  • Apr 22, 2008 9:11am Apr 22, 2008 9:11am
from the way the price act i exit all my longs and will see where the price is headed for.
Attached Image (click to enlarge)
Click to Enlarge Name: hema chart.gif Size: 21 KB
  • #74,513
  • Apr 22, 2008 9:12am Apr 22, 2008 9:12am
Quoting OrionsWay
Chonchy, careful how u view news releases. fundamentally the market has this stuff priced in for some time in advance, the actual release is all about the ability to move large blocks of assests quickly, mass surges of liquidity from both sides bid and offer as they reset their risk management.

As for euro they are definately selling, for they could keep driving prices higher all decade long if they choose, yet they are not WHY, fundamental shift in the buck perhaps? timewill tell
thanks a lot for the clarification Orionsway, I realy apricieate it.
The Chonchy
  • #74,514
  • Apr 22, 2008 9:12am Apr 22, 2008 9:12am
looks like we've found some support i got my SL at 205.5 long from 204.57 targeting 207
  • #74,515
  • Apr 22, 2008 9:13am Apr 22, 2008 9:13am
50& fib from the last run down is tough
  • #74,516
  • Apr 22, 2008 9:14am Apr 22, 2008 9:14am
Quoting Evilgoat
yup cause that means people are selling yen and buying usd so we are kinda caught up in the middle GBP/USD might go down but if enough yen is sold off it could even out.
Evilgoat...Do U have any links or book that can place someone thru the News Trading.........
  • #74,517
  • Apr 22, 2008 9:17am Apr 22, 2008 9:17am
well there goes my SL lol

geuss i had my SL at 205.6 not 205.5
  • #74,518
  • Apr 22, 2008 9:18am Apr 22, 2008 9:18am
Quoting sasoforex
Evilgoat...Do U have any links or book that can place someone thru the News Trading.........
no sorry almost everything I know I've learned from these forums.
  • #74,519
  • Apr 22, 2008 9:22am Apr 22, 2008 9:22am
Quoting fish2007
If anyone plan to trade the USCAD I believe that there is head and shoulder on the one hour plus Interest rate annoucement.

Trade what you see. Manage what you risk....


Anyone trade this. Missed the trade. I was on the road and decided to take a peek. WOW.

Anyway, there are always more setups.


Just got in the office. On the side at the moment until I get some stuff done.


Trade what you see. Manage what you risk....[/quote]
  • #74,520
  • Apr 22, 2008 9:24am Apr 22, 2008 9:24am
Quoting chonchy
could some one explain why home sales low and gbp going up? thanks in advance
Possibility -- http://finance.yahoo.com/
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