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

  • #110,041
  • Sep 3, 2008 10:38pm Sep 3, 2008 10:38pm
Who's the idiot spent another ten yards to buy ..

  • #110,042
  • Sep 3, 2008 10:52pm Sep 3, 2008 10:52pm
Quoting bpatto
[02:13 GBP/JPY: Lower Still, Sub-191.80-90 Lows Now, "05 Levels Eyed] Tokyo, September 4. GBP/JPY is lower still in Asia this morning, having traded below the 191.80-90 lows seen overnight and down to as low as the 191.55 level this morning. Despite a very oversold situation, further moves to the downside won"t surprise, especially if the BoE MPC cuts interest rates again tonight.

Expectations are for no change in the 5.0% repo rate which was last cut on April 10. Since then however, the UK economy looks to have weakened more and UK ChancExch Darling did note over the weekend that the economy was in its worst state in some 60 years. Expectations of a weaker UK economy look to be fueling GBP"s recent decline combined with liquidation of stale medium to long-term positions. Although some support is seen at 190.00 below, a major psychological level and where some option barriers may be seen, there is really no technical support till the 189.00-50 area, lows dating back to January of 2005 and 2004.
where do you get this type of information?
  • #110,043
  • Sep 3, 2008 11:02pm Sep 3, 2008 11:02pm
Quoting rogerdoger
where do you get this type of information?
https://plus.dailyfx.com, you need to have FXCM live account.
  • #110,044
  • Sep 3, 2008 11:04pm Sep 3, 2008 11:04pm
Quoting mktjong
It could be a classic "buy the rumor sell the fact" after the BOE rate announcement today.
If the BoE hold 5%, this may be a case for longs.
  • #110,045
  • Sep 3, 2008 11:11pm Sep 3, 2008 11:11pm
Quoting Eulogy
If the BoE hold 5%, this may be a case for longs.
I agree. It has been too oversold .. down more than 2000 pips without a major retrace same as Geppy. Read a report yesterday regarding Asian banks sell Aud/Usd to keep their currencies strong. It affects GU and Geppy as well.. am afraid it may not be over yet.
  • #110,046
  • Sep 4, 2008 12:47am Sep 4, 2008 12:47am
Quoting mktjong
I agree. It has been too oversold .. down more than 2000 pips without a major retrace same as Geppy. Read a report yesterday regarding Asian banks sell Aud/Usd to keep their currencies strong. It affects GU and Geppy as well.. am afraid it may not be over yet.
Yes I agree with you....this GU and Geppy has been too too too oversold.....this 2 beasts need major retracement before continue to south however until now no sign of major retracement so far.....my yesterday long position has been hit by SL for 5 pips.....now I open another long on Geppy at price 191.65 with tight SL....however Geppy could reach 187.33 to complete fibo level 61.8 at MN.....all my short position has been closed.....good luck guys....
  • #110,047
  • Sep 4, 2008 1:01am Sep 4, 2008 1:01am
Quoting 4x_Trader
One of my "friends" initiate long pos @ 191.68 tp open sl 191 even!


Just an info and not a reco!

Do you think guys M great?
  • #110,048
  • Sep 4, 2008 1:21am Sep 4, 2008 1:21am
Quoting 4x_Trader
Do you think guys M great?
I really have no bias for or against you, but one thing that can push me to a side is the fact that I do not fancy pompous self-promotional comments.
  • #110,049
  • Sep 4, 2008 1:35am Sep 4, 2008 1:35am
.
  • #110,050
  • Sep 4, 2008 1:36am Sep 4, 2008 1:36am
Quoting 4x_Trader
One of my "friends" initiate long pos @ 191.68 tp open sl 191 even!


Just an info and not a reco!
barking dogs seldom bite!

don't you realize how ridiculous your punch and judy show + your try of self adulation is?

sure you can really stick to your calls, keeping in mind that most of the people trading microlots can survive DD's.

what's going on when the position of your friend gets stopped out?
did another friend of you initiate a counter position of 10 microlots against him, because the other guy used his toilet and did not flush?

ah, just got a call of my friend warren b. who also is your friend. told me that soros was the guy who didnt flush warrens toilet after putting some kind of cigar in..., so warren will go to stop him out.

now it becomes clearer.
  • #110,051
  • Sep 4, 2008 1:43am Sep 4, 2008 1:43am
Quoting vitagene
what is your cci setting mr arezab?
ّFifty sir
Discipline + Patience - Fear - Greed = Success
  • #110,052
  • Sep 4, 2008 1:44am Sep 4, 2008 1:44am
whta's an upside down head and shoulders called , i think i see one on aud/jpy on 4hr
  • #110,053
  • Sep 4, 2008 1:47am Sep 4, 2008 1:47am
Quoting Clouds
whta's an upside down head and shoulders called , i think i see one on aud/jpy on 4hr
inverted shampoo formation
  • #110,054
  • Sep 4, 2008 1:49am Sep 4, 2008 1:49am
Quoting Clouds
whta's an upside down head and shoulders called , i think i see one on aud/jpy on 4hr
inverse h&s, or better called shampoo.

but yes, audjpy could develop and im also spotting it for an upcoming retrace. first sign appeared 11 days ago. if it does not retrace we see how strong yen is. but yen futures still has to go on rising.
  • #110,055
  • Sep 4, 2008 1:50am Sep 4, 2008 1:50am
Good Morning traders

The night for me had not good... i stoped out at 191.50
''Art is making something out of nothing and selling it'' Frank Zappa
  • #110,056
  • Sep 4, 2008 1:55am Sep 4, 2008 1:55am
Quoting vifer
Good Morning traders

The night for me had not good... i stoped out at 191.50
what did you expect? price to shoot up?
save money and stop fighting the trend until you are experienced and got clear indications, not at every stall.
  • #110,057
  • Sep 4, 2008 2:05am Sep 4, 2008 2:05am
sell rallies, all I can say.
Trade what you see, not what you think.
  • #110,058
  • Sep 4, 2008 2:07am Sep 4, 2008 2:07am
Almost 100 green pips rite now long geppy 191.65 with SL 10 pips....so far so good really hope that GJ will break 193.00 then I will hold my long position until further notice....hehehe however I still believe that GJ will reach 187.33....
  • #110,059
  • Sep 4, 2008 2:10am Sep 4, 2008 2:10am
Dear DR, y had right, ok i admite

but, is true that i had bad luck, because i was stoped out by 2 pips and if not now i will stay in profit area ( my long was at 192.11)...one pip we wins and one pip we losses...

heheh... the market rules!



++++sorry my poor inglish
''Art is making something out of nothing and selling it'' Frank Zappa
  • #110,060
  • Sep 4, 2008 2:12am Sep 4, 2008 2:12am
Quoting 4x_Trader
Do you think guys M great?

do u get a kick out of making a complete idiot out of urself?
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