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

  • #93,861
  • Jun 15, 2008 11:50pm Jun 15, 2008 11:50pm
i went short ej, and gj, hoping to move SL to BE
  • #93,862
  • Jun 15, 2008 11:50pm Jun 15, 2008 11:50pm
Quoting ak4x
Malcolm, had kind of forgotten about the lehman thing, thanks for the reminder.
where can we see the lehman news first hand?, if you don't mine me asking, thanks in advance
The Chonchy
  • #93,863
  • Jun 15, 2008 11:53pm Jun 15, 2008 11:53pm
Quoting chonchy
where can we see the lehman news first hand?, if you don't mine me asking, thanks in advance
issue with mt4 is news on it sucks .

www.tradethenews.com is a piad service


or www.marketwatch.com (free)
Blogging daily now at www.volume.zone
  • #93,864
  • Jun 15, 2008 11:54pm Jun 15, 2008 11:54pm
Anybody here see that the nikkei has been behaving just like all the other emerging asian markets nevermind that its one of the most developed markets in the world.

For weeks all asian markets seem to act like a leveraged version of the DJIA swinging up to 2-3x whatever movement was exhibited by the dow the day before. Is the usual? Is the nikkei usually this volatile?
  • #93,865
  • Jun 15, 2008 11:56pm Jun 15, 2008 11:56pm
Quoting TradingBeast
Uhhh..no. Try many, MANY years of constant study of charts and fundies. As someone said before, 217 is definitely on the cards. I had predicted these bulls back at the 199.00 mark and plenty can attest to that. Even though 217 is the target, correction is in order and this move is exhausted. DO me a favor and check up on your history, look back on your 4hr charts and look for our current consolidation pattern and tell me of those outcomes?... This is just one simple way to look at it.

Trust me, i do not half ass my analysis or "predictions" as you so put it. I am a swing/position trader, so i do not sit on this forum/or my computer all day wondering what the next move is gonna be, I already know from a lengthier perspective. Plenty of factors go into my trades . I was just sharing what i believed was going to happen to our beloved g/j pair. If you want I will go into deeper analysis a little later tonight when i have time. As I said, there is a whole lot more that goes into my trading decisions,some things you probably wouldn't even understand.

p.s. i do have real sell orders in place, but the sell order you were referring to is on a demo acct for my group. I will be back a lil later
My apologies for that, but just a blind post such as "the price is going to reach up there and then it is going to be down here" without an explanation, at least verbal, on this trhead is like a meaningless trade call.

After checking the charts I see why you have mentioned that target. It is a 61.8 Fib retracement from the 204.00 climb that we are seeing right now.
  • #93,866
  • Jun 15, 2008 11:57pm Jun 15, 2008 11:57pm
Quoting Eulogy
Anybody here see that the nikkei has been behaving just like all the other emerging asian markets nevermind that its one of the most developed markets in the world.

For weeks all asian markets seem to act like a leveraged version of the DJIA swinging up to 2-3x whatever movement was exhibited by the dow the day before. Is the usual? Is the nikkei usually this volatile?
Nikkei is so high right now, it only makes sense for it to drop, but who knows
  • #93,867
  • Jun 15, 2008 11:57pm Jun 15, 2008 11:57pm
Quoting malcolmb14
issue with mt4 is news on it sucks .

www.tradethenews.com is a piad service


or www.marketwatch.com (free)
or you can always use http://www.newsnow.co.uk/h/Business+...ets/Currencies
(free service)
  • #93,868
  • Jun 15, 2008 11:58pm Jun 15, 2008 11:58pm
I hope that she will test the 5 SMA on the weekly chart before going up further.
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  • #93,869
  • Jun 16, 2008 12:01am Jun 16, 2008 12:01am
Quoting malcolmb14
issue with mt4 is news on it sucks .

www.tradethenews.com is a piad service


or www.marketwatch.com (free)
good morning malcolmb, thanksyou vere much, I apriciated.
The Chonchy
  • #93,870
  • Jun 16, 2008 12:03am Jun 16, 2008 12:03am
Quoting LeoBond
or you can always use http://www.newsnow.co.uk/h/Business+...ets/Currencies
(free service)
thankyou leobond, good morning, apriciated.
The Chonchy
  • #93,871
  • Jun 16, 2008 12:11am Jun 16, 2008 12:11am
I cannot believe how much uncertainty there is on this one issue. If you take a look at the daily chart and draw an arc with a simple compass connecting the upsloping points, you come at a conclusion that this pair is going nowhere but up - to 216.00 eventually!!

There are 4 confirmations on the chart alone, and if you were to ask for a time frame, this move should happen by the end of this week.

Sure enough, if someone were to look at the upcoming news annoucements, it could be argued that there might be a dip here and there, but this would only represent a buying opportunity.

My 2c
Al
  • #93,872
  • Jun 16, 2008 12:12am Jun 16, 2008 12:12am
Friday prediction. UJ drops to 96, EU goes to 170, G8 says not encouraged by this week
  • #93,873
  • Jun 16, 2008 12:16am Jun 16, 2008 12:16am
Quoting zebra7860
I cannot believe how much uncertainty there is on this one issue. If you take a look at the daily chart and draw an arc with a simple compass connecting the upsloping points, you come at a conclusion that this pair is going nowhere but up - to 216.00 eventually!!

There are 4 confirmations on the chart alone, and if you were to ask for a time frame, this move should happen by the end of this week.

Sure enough, if someone were to look at the upcoming news annoucements, it could be argued that there might be a dip here and there, but this would only represent a buying opportunity.

My 2c
Al

Are you willing to leverage your entire account on that prediction? If not stop shouting at us. There is no such thing as certainty in the market.
  • #93,874
  • Jun 16, 2008 12:24am Jun 16, 2008 12:24am
Quoting Clouds
Friday prediction. UJ drops to 96, EU goes to 170, G8 says not encouraged by this week
Hey Clouds, do you have a link to that? I'd like to have more insight into what happened during G8
  • #93,875
  • Jun 16, 2008 12:31am Jun 16, 2008 12:31am
Quoting Eulogy
Hey Clouds, do you have a link to that? I'd like to have more insight into what happened during G8
No, ive no idea what they talked about. THey talked about oil prices, oil production, consumers not driving, stuff like that
  • #93,876
  • Jun 16, 2008 12:34am Jun 16, 2008 12:34am
Quoting Eulogy
Hey Clouds, do you have a link to that? I'd like to have more insight into what happened during G8
Here is some info:

Speaking at a press conference following the G8 meeting in Osaka, Japan, finance minister Fukushiro Nukaga repeated the G8's statement that the global economic outlook was unclear, but acknowledged that some expect a slowdown in Japan. The finance minister also highlighted the need to monitor the impact of a slowing U.S. economy on Japan, adding there is little indication of inflationary pressures in his country. Although he acknowledged comments from U.S. Treasury Secretary Henry Paulson backing a strong U.S. dollar policy, Nukaga declined to comment on the value of the yen.

http://www.nasdaq.com/aspxcontent/Ne...rnational.nasd

Edit: Here is some info on the G8 http://www.iht.com/articles/2008/06/13/business/g8.php

Edit 2: one more interesting article from Bloomberg http://www.bloomberg.com/apps/news?p...refer=currency
  • #93,877
  • Jun 16, 2008 12:48am Jun 16, 2008 12:48am
yen looks like mirror of the dollar tonight, usd/jpy not moving, gu and eu i see possibly going up tonight ,just my own thought
  • #93,878
  • Jun 16, 2008 12:56am Jun 16, 2008 12:56am
Quoting Clouds
yen looks like mirror of the dollar tonight, usd/jpy not moving, gu and eu i see possibly going up tonight ,just my own thought

yep, im thinking the down on the gbp/jpy be tommarow.

what are your guy's thoughts about that?
  • #93,879
  • Jun 16, 2008 1:07am Jun 16, 2008 1:07am
Quoting rogerdoger
yep, im thinking the down on the gbp/jpy be tommarow. what are your guy's thoughts about that?
That is a trick question, and you won't get anybody here on this thread to admit to thinking, as in .

We are all lean mean chart trading machines. Thinkers are stinkers.
FUBAR...
  • #93,880
  • Jun 16, 2008 1:08am Jun 16, 2008 1:08am
Quoting ak4x
That is a trick question, and you won't get anybody here on this tread to admit to thinking, as in .

We are all lean mean chart trading machines. Thinkers are stinkers.

hehehe im just trying to determine if i can go to bed early today and not miss out
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