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

  • #114,221
  • Sep 16, 2008 12:10pm Sep 16, 2008 12:10pm
checkout bull flag 15 min gbpusd think 1.8000 and higher if they cut rates

also usdjpy will not drop if they do this .. dj right under 11000 ... rate cut and it might pop up another 200 points today .... this is going to be an interesting day , we are already 250 points up off the overnight lows on the YM
Blogging daily now at www.volume.zone
  • #114,222
  • Sep 16, 2008 12:11pm Sep 16, 2008 12:11pm
Why does it feel really creepy all of a sudden? Like a huge spike waiting...waiting..for that landslide?
  • #114,223
  • Sep 16, 2008 12:14pm Sep 16, 2008 12:14pm
FED added 50Billion to provide liquidity earlier. Wonder how much money they are going to borrow on print.
  • #114,224
  • Sep 16, 2008 12:15pm Sep 16, 2008 12:15pm
Quoting seesaw
Why does it feel really creepy all of a sudden? Like a huge spike waiting...waiting..for that landslide?
i agree, but up or down ?!?!?!?
  • #114,225
  • Sep 16, 2008 12:18pm Sep 16, 2008 12:18pm
Quoting malcolmb14
I am buying the dips today based on the bullish div holding 5 min charts .... as long as 186.80 holds we go to 188.27

close ... moving stop up as we go .. will be happy to get to target before top of the hour
Blogging daily now at www.volume.zone
  • #114,226
  • Sep 16, 2008 12:19pm Sep 16, 2008 12:19pm
Quoting forex_newguy
i agree, but up or down ?!?!?!?

I think the Fed would lose complete credibility if it cut rates today
  • #114,227
  • Sep 16, 2008 12:21pm Sep 16, 2008 12:21pm
what we gonna be looking for in case of rates cut?
I recommend you read something else as this sentence is now concluded.
  • #114,228
  • Sep 16, 2008 12:22pm Sep 16, 2008 12:22pm
in the works ... CNBC reporting ...
  • #114,229
  • Sep 16, 2008 12:22pm Sep 16, 2008 12:22pm
Quoting Obaidah
what we gonna be looking for in case of rates cut?
it will not be cut I think market is expecting this now and is built in.

It will be statement .. look for hawkish or doveish tone

mention of future rates cuts USD will get slaughterd .. neutral statement ... good for markets ... talk of rate hike watch gbpusd drop like a rock
Blogging daily now at www.volume.zone
  • #114,230
  • Sep 16, 2008 12:23pm Sep 16, 2008 12:23pm
Quoting forex_newguy
in the works ... CNBC reporting ...
the end game might be coming ... WAMU, UBS, and AIG the last of the big boys in trouble .. WaMU gets bought by JP, AIG gets govy bail out .. Market should be up ...
  • #114,231
  • Sep 16, 2008 12:24pm Sep 16, 2008 12:24pm
Quoting malcolmb14
close ... moving stop up as we go .. will be happy to get to target before top of the hour

closed at target 188.22

that is me done for day ... unless that bull flagf on gbpusd break out .. almost look a little to easy to trade
Blogging daily now at www.volume.zone
  • #114,232
  • Sep 16, 2008 12:26pm Sep 16, 2008 12:26pm
Quoting forex_newguy
the end game might be coming ... WAMU, UBS, and AIG the last of the big boys in trouble .. WaMU gets bought by JP, AIG gets govy bail out .. Market should be up ...
bloomberg reporting private group may have stepped up????!?!?!!!!!
  • #114,233
  • Sep 16, 2008 12:29pm Sep 16, 2008 12:29pm
If we get cutt wont that send gj and uj down...
Price does what price wants , I just need to be prepared.
  • #114,234
  • Sep 16, 2008 12:30pm Sep 16, 2008 12:30pm
Quoting malcolmb14
it will not be cut I think market is expecting this now and is built in.

It will be statement .. look for hawkish or doveish tone

mention of future rates cuts USD will get slaughterd .. neutral statement ... good for markets ... talk of rate hike watch gbpusd drop like a rock
and what about gbpjpy?
I recommend you read something else as this sentence is now concluded.
  • #114,235
  • Sep 16, 2008 12:32pm Sep 16, 2008 12:32pm
FOMC's going to be pliant, I'm going bullish. If not I'll sideline till Asia/London
Patience + Humility + Study = Success
  • #114,236
  • Sep 16, 2008 12:33pm Sep 16, 2008 12:33pm
Quoting PJkiller
If we get cutt wont that send gj and uj down...
A rate cut is always viewed as good for the economy hence dow will rally. UJ follows dow and pulls all yen crosses up.
  • #114,237
  • Sep 16, 2008 12:34pm Sep 16, 2008 12:34pm
Quoting Obaidah
and what about gbpjpy?

all depends on which major is moving faster

the move today is from the usdjpy moving up. If the gbpusd starts to move up in conjunction with the usdjpy ( what would cause that is dj to break 11000) gj will move very quickly up into 190 / 191 area

If the markets do not like interest rate stuff .... we may see decline in gbpjpy .... not 100 % sure lets see what happens

I know this I am staying out of the markets 30 min after news for sure and then wait for trade.
Blogging daily now at www.volume.zone
  • #114,238
  • Sep 16, 2008 12:35pm Sep 16, 2008 12:35pm
Quoting malcolmb14
all depends on which major is moving faster

the move today is from the usdjpy moving up. If the gbpusd starts to move up in conjunction with the usdjpy ( what would cause that is dj to break 11000) gj will move very quickly up into 190 / 191 area

If the markets do not like interest rate stuff .... we may see decline in gbpjpy .... not 100 % sure lets see what happens

I know this I am staying out of the markets 30 min after news for sure and then wait for trade.

exactly, it could be a bull trap
  • #114,239
  • Sep 16, 2008 12:42pm Sep 16, 2008 12:42pm
Quoting malcolmb14
all depends on which major is moving faster

the move today is from the usdjpy moving up. If the gbpusd starts to move up in conjunction with the usdjpy ( what would cause that is dj to break 11000) gj will move very quickly up into 190 / 191 area

If the markets do not like interest rate stuff .... we may see decline in gbpjpy .... not 100 % sure lets see what happens

I know this I am staying out of the markets 30 min after news for sure and then wait for trade.
Thanks...
I recommend you read something else as this sentence is now concluded.
  • #114,240
  • Sep 16, 2008 12:44pm Sep 16, 2008 12:44pm
If the Fed cuts, they're most likely to cut by 50 bps, to signal determination, etc. In that case, stocks would likely soar, taking JPY crosses with them. USD/JPY might dip initially, but ultimately look for USD/JPY to move higher, and think the non-JPY pairs would also move higher, leaving us with a bid EUR/USD alongside a bid USD/JPY, and a surging EUR/JPY.
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