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

  • #110,961
  • Sep 6, 2008 7:16am Sep 6, 2008 7:16am
Quoting PipChick
Technically speaking.....if price truely did spike to 190.26, then price is still under the 61.8 fib and also the 4 hr gann.If that fib holds then it is VERY possible we will break fri lo but if the 61.8 does not hold, shorts could be in trouble. I suspect that if it DOESNT hold then the 1hr chart will form a right shoulder somewhere above the 78.6 fib for an inverse hs.
Forgot to post the chart
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  • #110,962
  • Sep 6, 2008 7:21am Sep 6, 2008 7:21am
Usually my demo account closes over the weekend and I cant see any movement till the market opens on Sunday night. But for some reason it is still updating price, is this just a fluke or is there really this much trading going on. Its saying the price right now for gbp/jpy is 187.80 but its had a range of 189.30-186.37 on a sat?
  • #110,963
  • Sep 6, 2008 7:22am Sep 6, 2008 7:22am
Same scenario for the UJ....
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  • #110,964
  • Sep 6, 2008 7:25am Sep 6, 2008 7:25am
Quoting txsr123
Usually my demo account closes over the weekend and I cant see any movement till the market opens on Sunday night. But for some reason it is still updating price, is this just a fluke or is there really this much trading going on. Its saying the price right now for gbp/jpy is 187.80 but its had a range of 189.30-186.37 on a sat?
Probably a fluke. Im still showing 189.10 here...
http://www.forex-markets.com/quotes_crossrates.htm
  • #110,965
  • Sep 6, 2008 7:26am Sep 6, 2008 7:26am
Quoting txsr123
Usually my demo account closes over the weekend and I cant see any movement till the market opens on Sunday night. But for some reason it is still updating price, is this just a fluke or is there really this much trading going on. Its saying the price right now for gbp/jpy is 187.80 but its had a range of 189.30-186.37 on a sat?
What broker do you use for your demo txsr?
  • #110,966
  • Sep 6, 2008 7:27am Sep 6, 2008 7:27am
Quoting kairos
Sept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson is preparing to announce plans to bring Fannie Mae and Freddie Mac under government control, seeking to halt the crisis of confidence in the companies that make up almost half the U.S. mortgage market.

I think we might see a Big Free Fall on Monday. First news (or rumor) said gov will pump in few Billion to Fannie Mae and Freddie Mac. But 2nd news (Pls refer to Yahoo or tradethenews) .... both of this giant will put under gov control. GJ fell from 190.53 to 189.10 today (Pls refer to Oanda, Fxstreet or tenfore).
  • #110,967
  • Sep 6, 2008 7:29am Sep 6, 2008 7:29am
Quoting PandoraBox
I think we might see a Big Free Fall on Monday. First news (or rumor) said gov will pump in few Billion to Fannie Mae and Freddie Mac. But 2nd news (Pls refer to Yahoo or tradethenews) .... both of this giant will put under gov control. GJ fell from 190.53 to 189.10 today (Pls refer to Oanda, Fxstreet or tenfore).
Aslo, seems like it was only the yen pairs that spiked.
  • #110,968
  • Sep 6, 2008 7:30am Sep 6, 2008 7:30am
Quoting PandoraBox
I think we might see a Big Free Fall on Monday. First news (or rumor) said gov will pump in few Billion to Fannie Mae and Freddie Mac. But 2nd news (Pls refer to Yahoo or tradethenews) .... both of this giant will put under gov control. GJ fell from 190.53 to 189.10 today (Pls refer to Oanda, Fxstreet or tenfore).
Aslo, seems like it was only the yen pairs that spiked. Im thinking a fall Sunday evening too as long as the price stays under the 61.8. (see prev post)
I will definately be here to trade sunday eve...(long or short..hehehe)
  • #110,969
  • Sep 6, 2008 7:32am Sep 6, 2008 7:32am
sell rallies, and lose your money
  • #110,970
  • Sep 6, 2008 7:34am Sep 6, 2008 7:34am
Quoting Clouds
sell rallies, and lose your money
Sell rallies AND lose your money Clouds? Whats that mean?
  • #110,971
  • Sep 6, 2008 7:35am Sep 6, 2008 7:35am
I use cms forex vt trader the weird thing is its not updated on their site just in my demo account. Quotes I have now are 106.69 for uj and 1.7577 for gbp/usd and 187.51 for gbp/jpy. i dunno I guess Ill see when the market really opens.
  • #110,972
  • Sep 6, 2008 7:41am Sep 6, 2008 7:41am
Quoting PipChick
Sell rallies AND lose your money Clouds? Whats that mean?
SOmetimes the rallies are huge and if a person doesnt have a very tight stop when picking the top of the rally, yes..they can lose their acct. And sometimes, the rally turns into a reversal..I am very carful about selling rallies unless there is nothing fundamentally AND technically tellilng me that it could be a reversal.
  • #110,973
  • Sep 6, 2008 7:41am Sep 6, 2008 7:41am
Quoting PipChick
Aslo, seems like it was only the yen pairs that spiked.
already mentioned that there was hedgefund unloading affecting carries...they are forced due to ecb to reduce leverage from 30:1 to 10:1 and so they had to liquidate. thats what we saw last week. also ecb wants banks to reduce lending money to hedgefunds.

most of the liquidating supposedly has happened so we even might see usd bottoming here...might...we have to wait
technically i am totally uncofident regarding gj and an upmove...
  • #110,974
  • Sep 6, 2008 7:42am Sep 6, 2008 7:42am
Quoting PipChick
Aslo, seems like it was only the yen pairs that spiked. Im thinking a fall Sunday evening too as long as the price stays under the 61.8. (see prev post)
I will definately be here to trade sunday eve...(long or short..hehehe)

Contradiction of this two news is indication somebody speculate the meeting between Gov and Fannie Mae/Freddie Mac.

and Good luck with your trade bro. My chart still show GJ will continue down ward movement.
  • #110,975
  • Sep 6, 2008 7:44am Sep 6, 2008 7:44am
Quoting Dr.Geppynius
already mentioned that there was hedgefund unloading affecting carries...they are forced due to ecb to reduce leverage from 30:1 to 10:1 and so they had to liquidate. thats what we saw last week. also ecb wants banks to reduce lending money to hedgefunds.
Yes..the word "risk aversion" has been used on cnbc and bloomberg quite often lately.
  • #110,976
  • Sep 6, 2008 7:46am Sep 6, 2008 7:46am
how can you look forward to such a thing?

Quoting Ash
I agree with you. Was looking forward to a total collapse / Armageddon of the financial system.

Until then, I guess long the carry trades (with caution).
Nihil Sine Deo.
  • #110,977
  • Sep 6, 2008 7:55am Sep 6, 2008 7:55am
Quoting Scrat
how can you look forward to such a thing?
Just wondering if Ash is a US citizen..
  • #110,978
  • Sep 6, 2008 8:00am Sep 6, 2008 8:00am
Quoting PandoraBox
Contradiction of this two news is indication somebody speculate the meeting between Gov and Fannie Mae/Freddie Mac.

and Good luck with your trade bro. My chart still show GJ will continue down ward movement.
Im not in a trade Pandora. I have been burnt too many times holding a trade over the weekend. Im not long or short biased at the moment. Will have to wait till mkt opens on Sunday to decide.
  • #110,979
  • Sep 6, 2008 8:25am Sep 6, 2008 8:25am
I smell a bullishweek ahead.
Patience + Humility + Study = Success
  • #110,980
  • Sep 6, 2008 9:21am Sep 6, 2008 9:21am
Quoting DutchTrader
I smell a bullishweek ahead.
All of my GBP/JPY shorts are closed. I bought small GBP/USD just below 1.76.
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