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

  • #117,661
  • Sep 28, 2008 5:56pm Sep 28, 2008 5:56pm
Quoting mktjong
Thanks bro.. I will see what I can do to it
sure anytime.
  • #117,662
  • Sep 28, 2008 6:13pm Sep 28, 2008 6:13pm
It's kinda lukewarm reaction so far by the markets. I guess we need a few more hours to see .. Japan market is coming soon ..
  • #117,663
  • Sep 28, 2008 6:21pm Sep 28, 2008 6:21pm
Whats up with the Euro bank failing? How will this effect the GBP?

See: http://money.cnn.com/2008/09/28/news...ion=2008092818
  • #117,664
  • Sep 28, 2008 6:39pm Sep 28, 2008 6:39pm
Quoting hantousha
Whats up with the Euro bank failing? How will this effect the GBP?

See: http://money.cnn.com/2008/09/28/news...ion=2008092818
Short rallies on GU and EU is kinda safe bet .. me think.
  • #117,665
  • Sep 28, 2008 6:39pm Sep 28, 2008 6:39pm
Quoting mktjong
It's kinda lukewarm reaction so far by the markets. I guess we need a few more hours to see .. Japan market is coming soon ..
Probably waiting for the vote on Monday
The Only Constant Is Change!
  • #117,666
  • Sep 28, 2008 7:09pm Sep 28, 2008 7:09pm
I have a short on GJ for 193.8

I am considering opening a short on GU for 1.7950
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj.gif Size: 7 KB
Click to Enlarge Name: gu.gif Size: 8 KB
  • #117,667
  • Sep 28, 2008 7:11pm Sep 28, 2008 7:11pm
Quoting mktjong
Short rallies on GU and EU is kinda safe bet .. me think.
Thanks mktjong. How about the GBP/JPY? I will also think a G/J will be a good bet. I am currently short from 194.55.

Cheers
  • #117,668
  • Sep 28, 2008 7:13pm Sep 28, 2008 7:13pm
Don't forget fundamentals..Too much news coming out besides the president ..





Quoting forexlion
I have a short on GJ for 193.8

I am considering opening a short on GU for 1.7950
[
  • #117,669
  • Sep 28, 2008 7:19pm Sep 28, 2008 7:19pm
Quoting rgitt05
Don't forget fundamentals..Too much news coming out besides the president ..

the fundamentals make this a dangerous short in opinion ... if the bailout gets passed, wakovia bank gets bought, the markets as well as g/j could fly up ..

i see a ton of upside potential ..
  • #117,670
  • Sep 28, 2008 7:19pm Sep 28, 2008 7:19pm
Quoting hantousha
Thanks mktjong. How about the GBP/JPY? I will also think a G/J will be a good bet. I am currently short from 194.55.

Cheers
I don't want to touch GJ atm .. it's very uncertain .. GU & EU are easier to follow so far ..
  • #117,671
  • Sep 28, 2008 7:20pm Sep 28, 2008 7:20pm
Looks like GJ will go lower to the lower TL of the channel + GJ has hidden bearish too.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ-092808-2017-Daily.jpg Size: 420 KB
Do not follow my trades. Trade what you see on your own charts.
  • #117,672
  • Sep 28, 2008 7:25pm Sep 28, 2008 7:25pm


I think we may see the markets rally significantly and a lot of short covering once congress has completed the vote. . .

Shorting GJ IMO isn't the way to go since it seems the Dems and Rep will reach a unanimous vote to pass the bill. . .

I caution anyone shorting it. . .
  • #117,673
  • Sep 28, 2008 7:26pm Sep 28, 2008 7:26pm
Quoting igmak
Looks like GJ will go lower to the lower TL of the channel + GJ has hidden bearish too.

i totally agree with you from a technical perspective .. but there is potential fundaments that are probably going to drive this one way or the other ...

the probability of one or two banks being bought tonight and the bailout package make this a tough call ..
  • #117,674
  • Sep 28, 2008 7:26pm Sep 28, 2008 7:26pm
Quoting igmak
Looks like GJ will go lower to the lower TL of the channel + GJ has hidden bearish too.
The only thing that would drag GJ lower is weak GU, thus we may not see big downside movement.. me think.
  • #117,675
  • Sep 28, 2008 7:27pm Sep 28, 2008 7:27pm
Quoting quecee5


I think we may see the markets rally significantly and a lot of short covering once congress has completed the vote. . .

Shorting GJ IMO isn't the way to go since it seems the Dems and Rep will reach a unanimous vote to pass the bill. . .

I caution anyone shorting it. . .
i agree
  • #117,676
  • Sep 28, 2008 7:27pm Sep 28, 2008 7:27pm
Quoting forex_newguy
i totally agree with you from a technical perspective .. but there is potential fundaments that are probably going to drive this one way or the other ...

the probability of one or two banks being bought tonight and the bailout package make this a tough call ..
I agree - that's why I'm long GJ with tight stops. . .
  • #117,677
  • Sep 28, 2008 7:28pm Sep 28, 2008 7:28pm
Quoting quecee5


I think we may see the markets rally significantly and a lot of short covering once congress has completed the vote. . .

Shorting GJ IMO isn't the way to go since it seems the Dems and Rep will reach a unanimous vote to pass the bill. . .

I caution anyone shorting it. . .
I have to disgree.

I expect a very short lived rally. Once the dust settles, the preliminary $250 Bil won't be enough and with EU starting to have problems, this thing is going to spread.

I just believe that this was addressed too late.

Just my 2 pips
  • #117,678
  • Sep 28, 2008 7:31pm Sep 28, 2008 7:31pm
Quoting bigcoupe
I have to disgree.

I expect a very short lived rally. Once the dust settles, the preliminary $250 Bil won't be enough and with EU starting to have problems, this thing is going to spread.

I just believe that this was addressed too late.

Just my 2 pips
oh i agree with you too. BUt i see a short lived 100 or 150 pip pop up in it .. why would you want to be short with the probablility of that coming?
  • #117,679
  • Sep 28, 2008 7:33pm Sep 28, 2008 7:33pm
Quoting bigcoupe
I have to disgree.

I expect a very short lived rally. Once the dust settles, the preliminary $250 Bil won't be enough and with EU starting to have problems, this thing is going to spread.

I just believe that this was addressed too late.

Just my 2 tits
?
  • #117,680
  • Sep 28, 2008 7:33pm Sep 28, 2008 7:33pm
Quoting forex_newguy
oh i agree with you too. BUt i see a short lived 100 or 150 pip pop up in it .. why would you want to be short with the probablility of that coming?
You have a good point. Rather than going long, I believe it's best to just sit out until we see what happens.

B
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