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

  • #87,821
  • Jun 3, 2008 8:06am Jun 3, 2008 8:06am
1304 GMT [Dow Jones] Dollar gets a big boost from Bernanke's comments that Tsy and Fed are "carefully monitoring" exchange rates - sending EUR/USD to $1.5560 from just above $1.56 ahead of the comments, and USD/JPY. Fed chief's direct comments on exchange rate somewhat unusual for US central bankers; come ahead of G7 fin min meeting in Osaka and follow Tsy comments to media several weeks ago regarding USD. (ML)
Trading Levels with WRBs
  • #87,822
  • Jun 3, 2008 8:07am Jun 3, 2008 8:07am
Quoting mktjong
What did I say..what did I say?
Seems my voice is drowned by so many "bearished" posts
I somewhat experienced that too.
  • #87,823
  • Jun 3, 2008 8:07am Jun 3, 2008 8:07am
2 levels:

1. 206.61 ... 0.50 FIBO + Gann [4H]
2. 207.23 ... 0.618 FIBO + 100sma [1H]
  • #87,824
  • Jun 3, 2008 8:09am Jun 3, 2008 8:09am
What a fun 500 pip roller coaster, we need more weeks like this!
  • #87,825
  • Jun 3, 2008 8:09am Jun 3, 2008 8:09am
Quoting shakesfx
They don't try and trick traders. It's just business. Let me find you a quote I wrote before the spike last Friday....Back in a moment
Clouds,
Ok, busy trading and can't find it...it's in Friday afternoon posts somewhere, you'll find it if you search. When we were sitting at 208.40 area I went Short with a Large SL above 210. I said that there was no way the big boys would let this drop happen with everyone sitting short onboard and that they would spike to 209.40-65 area to (a.) Take out short SL's and (b.) trigger longs
They did it with a huge spike in 15 secs from mid 208 to mid 209. They offloaded on the way down, but won't offload at too low a price. They need price to come back up for another offload. So, buy a few hundred million, bring the market up to the level you want, then offload when everyone else is Long. Take out the Longs SL's, accelerate price through 202/198 area.

Repeat cycle.

Thats just my contrarian view.
  • #87,826
  • Jun 3, 2008 8:09am Jun 3, 2008 8:09am
c'mon geppy fall fall!
  • #87,827
  • Jun 3, 2008 8:13am Jun 3, 2008 8:13am
So how many traders do NOT think that the Big Dogs (and their friends) knew this was coming?.......

The question now is how many believe that this is the start of dollar strength.....or are they unpacking their bermudas......
Trading Levels with WRBs
  • #87,828
  • Jun 3, 2008 8:15am Jun 3, 2008 8:15am
wait till other then bernanke will talk
  • #87,829
  • Jun 3, 2008 8:15am Jun 3, 2008 8:15am
On the other hand, I think I would short this baby at a higher price ..
  • #87,830
  • Jun 3, 2008 8:15am Jun 3, 2008 8:15am
good 4 buyer
good 4 me coz what? i do not know
  • #87,831
  • Jun 3, 2008 8:16am Jun 3, 2008 8:16am
Quoting shakesfx
Clouds,
Ok, busy trading and can't find it...it's in Friday afternoon posts somewhere, you'll find it if you search. When we were sitting at 208.40 area I went Short with a Large SL above 210. I said that there was no way the big boys would let this drop happen with everyone sitting short onboard and that they would spike to 209.40-65 area to (a.) Take out short SL's and (b.) trigger longs
They did it with a huge spike in 15 secs from mid 208 to mid 209. They offloaded on the way down, but won't offload at too low a price. They need price to come back up for another offload. So, buy a few hundred million, bring the market up to the level you want, then offload when everyone else is Long. Take out the Longs SL's, accelerate price through 202/198 area.

Repeat cycle.

Thats just my contrarian view.
Big boys? Who are they? The investment banks don't care, how would they benefit at all? You mean JP Morgan Chase, Ect? I don't think they are so obsessed with exchange rates, they offer loans, will keep your money, ect. Their competition is other banks, not us. Right?
  • #87,832
  • Jun 3, 2008 8:18am Jun 3, 2008 8:18am
man i'm gonna love the look on Jacko's face when he see EU
  • #87,833
  • Jun 3, 2008 8:19am Jun 3, 2008 8:19am
Oh dear G/U is tanking...what a shame...100pips already
  • #87,834
  • Jun 3, 2008 8:20am Jun 3, 2008 8:20am
Quoting Islander
The question now is how many believe that this is the start of dollar strength.....or are they unpacking their bermudas......
Recovery of the dollar? No.
Weakness of other currencies? Yes.
Will this appear to strength the USD? Yes.
  • #87,835
  • Jun 3, 2008 8:21am Jun 3, 2008 8:21am
Quoting Clouds
What a fun 500 pip roller coaster, we need more weeks like this!
Yeah, this was an easy week ( I think so). But this happens like once in 2 months. That sucks.
  • #87,836
  • Jun 3, 2008 8:22am Jun 3, 2008 8:22am
hey lilmoe, are you watching?

Quoting lilmoe
it's really sad that even u big guy would fall for the same trap more than once. this pair sets itself for bigtime long before a major dump. this is my 12th time saying that.... u wont be seeing 210+ anytime soon...

if this is to "range" 209.30 will be an impossible breach.

the real target we have now is 192, i'm expectiong a big bounce from there into a ranging period then back down.
Nihil Sine Deo.
  • #87,837
  • Jun 3, 2008 8:22am Jun 3, 2008 8:22am
Quoting lilmoe
man i'm gonna love the look on Jacko's face when he see EU
on it's way to 100 fib, right? did i read that correctly?

edit: it tore past 100 fib .....
  • #87,838
  • Jun 3, 2008 8:23am Jun 3, 2008 8:23am
Quoting lilmoe
man i'm gonna love the look on Jacko's face when he see EU

Damn, this is crazy.
  • #87,839
  • Jun 3, 2008 8:23am Jun 3, 2008 8:23am
fck my margin lvl is too low.. im gonna get out of position
  • #87,840
  • Jun 3, 2008 8:24am Jun 3, 2008 8:24am
At this rate, 210, or 220 in 1 hour.
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