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

  • #95,081
  • Jun 18, 2008 10:35am Jun 18, 2008 10:35am
Quoting ultimate
USDJPY - Which economy do you think is going to get better going forward? Investors are betting on the USD vs the JPY and USD JPY goes up. Add the fact that interest rates in the US will go UP from here on and the JPY rates will probably stay the same and you have USDJPY going up.

30 day Federal Funds Futures :
http://www.pfxglobal.com/intermarket...s-futures.html

In addition the VIX is tame compared to last year :
http://www.pfxglobal.com/intermarket...index-vix.html

Fundamentally USDJPY will continue going up for now ... there will be a correction here and there of course.

I'd have to agree with you when you look at the bigger picture unless there some really bad news or event that affects the USD. longer term I see carry trade pairs going up. We could still except to see the US economy take some more hits the next few weeks. But when people start taking their money out of commodities than we'll see it start to flow more into the carry.
  • #95,082
  • Jun 18, 2008 10:36am Jun 18, 2008 10:36am
Quoting mktjong
I see it differently Q.
Current Dow, Bond, Gold are supporting the move to the down side. Dow is approaching 12,000 .. unbelievable ..
Yes, the YM got to within 2 pips of its S2 level - my shorts were closed on a limit order at S2 +8 for 60 ticks....http://www.forexfactory.com/images/icons/icon6.gif

Edit: I closed my UJ shorts too in the same spike down as it traded under the 108 & its DP......I'm not yet certain about buying......
Trading Levels with WRBs
  • #95,083
  • Jun 18, 2008 10:40am Jun 18, 2008 10:40am
hmmmm, just thinking aloud, 1340 was the battleground on S&P (now 1342): and if oil were to fall significantly soon, Dow could potentially rally very heavily Maybe March lows will NOT be met
  • #95,084
  • Jun 18, 2008 10:42am Jun 18, 2008 10:42am
Looks like its trying to break Daily Pivot and intraday R1. Next 4hr candle will give us the future for today's US session. I am ready are you?
  • #95,085
  • Jun 18, 2008 10:44am Jun 18, 2008 10:44am
Quoting arezab
This is my view for GU ...
Quoting arezab
I closed my long position on GU for a small 80 pips profit. GU has been good to me these few days.

From now on when I see GJ is ranging I'll trade GU and UJ instead of it. This kind of market is just playing with my nerves. It's boring ...

... but I'll be watching Price Action of the beast closely to jump in if she wants to start huge moves like before ...
why fully close so soon? I think the initial view you had was the correct one. It is the exact same thing I am thinking...I see a minor reversal coming on the 15m to probably 5535 area but it is all in the 4h... I think we will get 9750 soon...

I am long a bunch from 5480 but I took some off at 5535 and 85...

Good luck to you.....
Patience + Discipline - Greed = Success
  • #95,086
  • Jun 18, 2008 10:46am Jun 18, 2008 10:46am
Quoting ultimate
USDJPY - Which economy do you think is going to get better going forward? Investors are betting on the USD vs the JPY and USD JPY goes up. Add the fact that interest rates in the US will go UP from here on and the JPY rates will probably stay the same and you have USDJPY going up.

30 day Federal Funds Futures :
http://www.pfxglobal.com/intermarket...s-futures.html

In addition the VIX is tame compared to last year :
http://www.pfxglobal.com/intermarket...index-vix.html

Fundamentally USDJPY will continue going up for now ... there will be a correction here and there of course.
I have to agree with this as well. Anyway, still think UJ is over-priced now, should come down a few hundreds pips before a buy ..
  • #95,087
  • Jun 18, 2008 10:48am Jun 18, 2008 10:48am
All I'm saying is, I'm still long on GBP/JPY, so it better keep rising!
  • #95,088
  • Jun 18, 2008 10:50am Jun 18, 2008 10:50am
Quoting goodness
where do u have ur sell limit, by the way , y dont u post in d uj thread?
2 orders (108.11 & 108.12)
  • #95,089
  • Jun 18, 2008 10:52am Jun 18, 2008 10:52am
Quoting lilmoe
u took a small short at DP, i think it should go down a bit now 40 pips or so. if not, and price closes well above DP i might think of a long position again.
typo, I DID. lol
  • #95,090
  • Jun 18, 2008 11:01am Jun 18, 2008 11:01am


i can't believe this, what a sick ass market...... JUST DECIDE... geeez
  • #95,091
  • Jun 18, 2008 11:02am Jun 18, 2008 11:02am
Quoting Austin168
If GY can break 211.60 today, it will go up to 214S in the coming sessions.
It has proved to be bottomed out @ 209.60 on Hrly chart and retraced to 0.618 Hrly Fib.
Any comment?

It has to take out the high before I'm convince it will touch 213.50 1st target then 214.69 next target. . . Too early to make that claim IMHO. . .

I see another leg down for GJ in the coming sessions after it gets rejected from 211.70/80 to 212.30 area. . . Should see 209.40 area in the coming session 1st stop then maybe down to 206.25/35 area - IMHO. . .

If you look at the daily chart it has bearish divergence that needs to play out however, if you look at the monthly chart it would suggest that further highs will be seen in the coming months as long as 206.25/35 area holds up. . .
  • #95,092
  • Jun 18, 2008 11:03am Jun 18, 2008 11:03am
Quoting lilmoe

i can't believe this, what a sick ass market...... JUST DECIDE... geeez


= =

Patience is the key =
  • #95,093
  • Jun 18, 2008 11:05am Jun 18, 2008 11:05am
But today's Treasuries yield difference doesn't support nor encourage bullishness on Yen pairs..hmm
  • #95,094
  • Jun 18, 2008 11:06am Jun 18, 2008 11:06am
Quoting quecee5


= =

i closed my UJ short for 38 pips... this sucker keeps on reversing every 6 hours. i think my first guess was right, this sorry ass market will range (EVERY DAMN PAIR) until london tomorrow.
  • #95,095
  • Jun 18, 2008 11:06am Jun 18, 2008 11:06am
Q do you mind posting a chart of divergence that you are saying on Daily>?
  • #95,096
  • Jun 18, 2008 11:13am Jun 18, 2008 11:13am
Quoting vinesh2
Q do you mind posting a chart of divergence that you are saying on Daily>?
4hr/Daily 4 u. . .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4hr chart.gif Size: 15 KB
Click to Enlarge Name: daily chart.gif Size: 16 KB
  • #95,097
  • Jun 18, 2008 11:14am Jun 18, 2008 11:14am
Quoting lilmoe
i closed my UJ short for 38 pips... this sucker keeps on reversing every 6 hours. i think my first guess was right, this sorry ass market will range (EVERY DAMN PAIR) until london tomorrow.
UJ going back to 108.20 area and GJ should see 211.65/75 area maybe slightly higher. . .
  • #95,098
  • Jun 18, 2008 11:17am Jun 18, 2008 11:17am
Quoting lilmoe
i took a small short at DP, i think it should go down a bit now 40 pips or so. if not, and price closes well above DP i might think of a long position again.

yea, i'll hold on to my shoits... (omit the 'o')
  • #95,099
  • Jun 18, 2008 11:19am Jun 18, 2008 11:19am
Quoting quecee5
UJ going back to 108.20 area and GJ should see 211.65/75 area maybe slightly higher. . .

u're most likely right, but i could swear my m5 chart is telling me 210.50 is going to be next in the next hour. lol


range, range, range...
  • #95,100
  • Jun 18, 2008 11:28am Jun 18, 2008 11:28am
gu 4h chart...
Attached Image (click to enlarge)
Click to Enlarge Name: 4gus.GIF Size: 29 KB
Patience + Discipline - Greed = Success
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