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

  • #92,801
  • Jun 12, 2008 10:06am Jun 12, 2008 10:06am
Fed Chairman Bernanke Speaks, will it be big deal this time?
  • #92,802
  • Jun 12, 2008 10:06am Jun 12, 2008 10:06am
I monitor the last hour Frankurt and London for a heads up also. If I see major profit taking, then I know that trend change is coming because they are closing positions. If they continue to hold with the trend in any pair, then I know to keep the same bias.
  • #92,803
  • Jun 12, 2008 10:08am Jun 12, 2008 10:08am
Quoting Clouds
now it's gone to long USD carry?
no. Too soon to tell. The forex market prices in events months before it happens. They have priced in a rate hike for USD for now, and a rate hike for eur, and a hold for gbp, as I see it.
  • #92,804
  • Jun 12, 2008 10:08am Jun 12, 2008 10:08am
Quoting ovaforty
I monitor the last hour Frankurt and London for a heads up also. If I see major profit taking, then I know that trend change is coming because they are closing positions. If they continue to hold with the trend in any pair, then I know to keep the same bias.
I use the same method as well to determine market bias...
Patience + Discipline - Greed = Success
  • #92,805
  • Jun 12, 2008 10:11am Jun 12, 2008 10:11am
damn...today my internet conection has problem http://qsmile.com/qsimages/49.gif

BTW,
new 8hr candle and momentoms
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  • #92,806
  • Jun 12, 2008 10:11am Jun 12, 2008 10:11am
For this week, the money is flowing to yen carry. I have no idea how long it will last.
  • #92,807
  • Jun 12, 2008 10:12am Jun 12, 2008 10:12am
Good day to all traders.
It is interesting how today's high 210.25 is touched several times...but still not falling yen....it is in my chart. It just broke 108.00 and hopefully will go down.But after my experience with one of the Chief of Asset Management of one big bank, it looks it is pushed UP ( GBPJPY and USDJPY ) by big banks and fall is a question of days...but...still is going UP...
Basically, he stated that maybe problems with Lehman Brothers can push it down, but...he has no crystal bowl...
Good luck to all of us...and make a lot of greens..
  • #92,808
  • Jun 12, 2008 10:13am Jun 12, 2008 10:13am
Did anyone find out when Forex options expire? Or when they are allowed. Last I remember it was only certain months.
  • #92,809
  • Jun 12, 2008 10:13am Jun 12, 2008 10:13am
This silly beast should fall already, it looks damn weak n trying so hard to hold up but it's ass is going to fall IMO

I'm getting tired of this range
Trade what you see, not what you think.
  • #92,810
  • Jun 12, 2008 10:14am Jun 12, 2008 10:14am
Quoting capetown
Good day to all traders.
It is interesting how today's high 210.25 is touched several times...but still not falling yen....it is in my chart. It just broke 108.00 and hopefully will go down.But after my experience with one of the Chief of Asset Management of one big bank, it looks it is pushed UP ( GBPJPY and USDJPY ) by big banks and fall is a question of days...but...still is going UP...
Basically, he stated that maybe problems with Lehman Brothers can push it down, but...he has no crystal bowl...
Good luck to all of us...and make a lot of greens..
I have a sell order sitting at 213 area. I let the market price come to my positions.
  • #92,811
  • Jun 12, 2008 10:20am Jun 12, 2008 10:20am
bernake should make this beast move..
and we hope that the move will be down..
  • #92,812
  • Jun 12, 2008 10:21am Jun 12, 2008 10:21am
This is very risky trade, and I'm just 'thinking' about it. But not sure yet. The NZD seems like .75 might be of some support. It may be a good buy, I know that usually markets don't take things to extremes, like it won't drop to .60 or anything, but who knows. Any thoughts?
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  • #92,813
  • Jun 12, 2008 10:21am Jun 12, 2008 10:21am
One more thing. The chinese equities bull bubble burst, and they got their asses handed to them. Something like a 50% loss. I dont pay a lot of attention to it, but it is influencing forex now, because the short USD positions are being closed to make up for losses elsewhere. In my opinion we are seeing a commodity bubble and an oil bubble now.
  • #92,814
  • Jun 12, 2008 10:23am Jun 12, 2008 10:23am
8 minutes till ben's little bernanke is speaking! eurusd longs are in place.
  • #92,815
  • Jun 12, 2008 10:24am Jun 12, 2008 10:24am
Quoting Clouds
This is very risky trade, and I'm just 'thinking' about it. But not sure yet. The NZD seems like .75 might be of some support. It may be a good buy, I know that usually markets don't take things to extremes, like it won't drop to .60 or anything, but who knows. Any thoughts?
Attachment
It is logical to assume a bottom in NZD/usd and aud/usd will hit. Dont try to pick a bottom but wait until you see solid rejection.
  • #92,816
  • Jun 12, 2008 10:25am Jun 12, 2008 10:25am
Quoting Dr.Geppynius
8 minutes till ben's little bernanke is speaking! eurusd longs are in place.
We should all get together and sue him for anyone that has lost money on forex because of him.
  • #92,817
  • Jun 12, 2008 10:25am Jun 12, 2008 10:25am
Quoting Dr.Geppynius
8 minutes till ben's little bernanke is speaking! eurusd longs are in place.
Bernanke cannot say anything he has not already said.
  • #92,818
  • Jun 12, 2008 10:26am Jun 12, 2008 10:26am
Quoting Infinity
I actually went against my rules and opened another long eu position @ 5399. I placed my earlier stop too close and paid the price. I got stopped out at 5378, price went there to the pip....It is this simple trendline that I was using as a guide....my new stop is 5360.....

I see this as a low risk range play......
Yep .. agree with u. I am also long again ..
Have been scalping long EU multiple times since this morning
  • #92,819
  • Jun 12, 2008 10:26am Jun 12, 2008 10:26am
Quoting Clouds
We should all get together and sue him for anyone that has lost money on forex because of him.
LOL funny.

Just exploit it. Make some money from it.
  • #92,820
  • Jun 12, 2008 10:28am Jun 12, 2008 10:28am
Quoting mktjong
Yep .. agree with u. I am also long again ..
Have been scalping long EU multiple times since this morning
Buy dips and sell rallies until a break out. It is logical to assume friday profit taking, taking these pairs up.
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