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

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

#130,061
Nov 2, 2008 9:29am Nov 2, 2008 9:29am

Obaidah
| Joined Jun 2008 | Status: Trader | 1,079 Posts

Quoting Scrat

Disliked

why?

Ignored

from a technical side, dj hasnt retraced its rally and RSI is testing a trendline, and we should complete the last wave but i just cant estimate how strong will it be

, from a fundamental side, this is what the reaction supposed to be before the elections, and yes, i could be completely wrong and this might turn out to be nonsense

I recommend you read something else as this sentence is now concluded.

#130,062
Nov 2, 2008 9:33am Nov 2, 2008 9:33am

ohimae
| Joined Aug 2007 | Status: $$$ | 238 Posts

But fundamentally would BOJ allow this drop? Noting that fact that this YEN strenght is affecting there export already. TOYOTA, HONDA etc will soon runout of buz!

#130,063
Nov 2, 2008 9:36am Nov 2, 2008 9:36am

karmostaji
Joined Nov 2006 | Status: Dubai | 11,493 Posts

Quoting ohimae

Disliked

But fundamentally would BOJ allow this drop? Noting that fact that this YEN strenght is affecting there export already. TOYOTA, HONDA etc will soon runout of buz!

Ignored

UJ might stay stable but GU will drop, and that means GJ will drop.

Just trade the chart, forget BOJ because we might soon see 2-digit GJ and you would still be saying will BOJ allow this or not, lol.

Trade what you see, not what you think.

#130,064
Nov 2, 2008 9:38am Nov 2, 2008 9:38am

Obaidah
| Joined Jun 2008 | Status: Trader | 1,079 Posts

Quoting ohimae

Disliked

But fundamentally would BOJ allow this drop? Noting that fact that this YEN strenght is affecting there export already. TOYOTA, HONDA etc will soon runout of buz!

Ignored

thats a good question, BoJ doesnt care for yens value against the pound as much as it does for yens calue against usd, and if you track BoJ comments you'll findout what pairs they're watching, so when we have a selloff in dj money will return to usd and so usd will turn out to be stronger so there will be a little impact for its value against jpy,

I recommend you read something else as this sentence is now concluded.

#130,065
Nov 2, 2008 9:38am Nov 2, 2008 9:38am

ohimae
| Joined Aug 2007 | Status: $$$ | 238 Posts

Quoting karmostaji

Disliked

UJ might stay stable but GU will drop, and that means GJ will drop.

Just trade the chart, forget BOJ because we might soon see 2-digit GJ and you would still be saying will BOJ allow this or not, lol.

Ignored

well dont really care about BOJ just out to make my greens. i am just weighing all sides.

#130,066
Nov 2, 2008 9:39am Nov 2, 2008 9:39am

Obaidah
| Joined Jun 2008 | Status: Trader | 1,079 Posts

Quoting karmostaji

Disliked

UJ might stay stable but GU will drop, and that means GJ will drop.

Just trade the chart, forget BOJ because we might soon see 2-digit GJ and you would still be saying will BOJ allow this or not, lol.

Ignored

hey karmo, wassup buddy!

I recommend you read something else as this sentence is now concluded.

#130,067
Nov 2, 2008 10:22am Nov 2, 2008 10:22am

Raza
Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts

Time has changed here in Canada, that is 1 hour behind..Sunday Nov2-08.

Markets are not Random, they are designed!

#130,068
Nov 2, 2008 10:55am Nov 2, 2008 10:55am

Monk
| Joined Mar 2007 | Status: Trader | 903 Posts

Quoting Raza

Disliked

Time has changed here in Canada, that is 1 hour behind..Sunday Nov2-08.

Ignored

yeah....we have lost an hour here as well.
i always forget about that

--post hoc ergo propter hoc--

#130,069
Nov 2, 2008 11:02am Nov 2, 2008 11:02am

DutchTrader
| Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts

I'm looking at EJ in the 110's as well.

Malcolm

That GJ chart is great

Patience + Humility + Study = Success

#130,070
Nov 2, 2008 11:52am Nov 2, 2008 11:52am

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

Quoting DutchTrader

Disliked

I'm looking at EJ in the 110's as well.

Malcolm

That GJ chart is great

Ignored

lol will be even greater when we hit 125 with 2300 lovely green pips in the bank

Blogging daily now at www.volume.zone

#130,071
Nov 2, 2008 12:03pm Nov 2, 2008 12:03pm

5ysfx
Joined Jul 2008 | Status: Invincible | 3,619 Posts

Oanda

gj 15871 spread 40 pips
aj 6594 spread 20 pips

#130,072
Nov 2, 2008 12:17pm Nov 2, 2008 12:17pm

traderpinoy
| Joined Aug 2008 | Status: Trader | 112 Posts

fib expansion target for g/j is 134, 120 at 94 if this retracement plays out and we continue breaking previous lows

#130,073
Nov 2, 2008 12:29pm Nov 2, 2008 12:29pm

alsup1955
| Joined Apr 2006 | Status: Trader | 566 Posts

Quoting malcolmb14

Disliked

lol will be even greater when we hit 125 with 2300 lovely green pips in the bank

Ignored

This looks like it might hit 160, 161 before heading down???
What do u think Malcolmb...

#130,074
Nov 2, 2008 12:32pm Nov 2, 2008 12:32pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

Quoting traderpinoy

Disliked

fib expansion target for g/j is 134, 120 at 94 if this retracement plays out and we continue breaking previous lows

Ignored

chart please .. old news .. posted my chart for 125

now posting chart for gu ....1.5000 / 1.4500 ... oddly enough by Nov 5th ... everything is pointing to nov 5th as being a pivot in the markets once more

Attached Image (click to enlarge)

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Blogging daily now at www.volume.zone

#130,075
Nov 2, 2008 12:34pm Nov 2, 2008 12:34pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

Quoting alsup1955

Disliked

This looks like it might hit 160, 161 before heading down???
What do u think Malcolmb...

Ignored

I think it will ... that is test top of channel ... just doing news letter for my trading room and this is my comment :

1) " The 61.8% fib retracement did form a channel top at 165 and in the beginning part of next week ,we may see a re-test of this channel at about 161 . This will look like a breakout of the currently bull flag on the 60 min chart and re-test may well be in the form of a bull trap before the big drop into bottom of channel at 125. If the slope of the down move from 160 region is the same as the slope of the move from 180 to 139 we could see the 125 target by late this week or early the week of Nov 10th to 14th."

Blogging daily now at www.volume.zone

#130,076
Nov 2, 2008 12:35pm Nov 2, 2008 12:35pm

5ysfx
Joined Jul 2008 | Status: Invincible | 3,619 Posts

Quoting Dr.Geppynius

Disliked

lol this is NO breakout.

Ignored

NO breakout ?

Interesting...

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#130,077
Nov 2, 2008 12:43pm Nov 2, 2008 12:43pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

Quoting 5ysfx

Disliked

NO breakout ?

Interesting...

Ignored

go long ..... lol ..... 51 aj next week

you basing it on pre market action now ? the best time for players to play guys like you .....

this is a classic bull trap ... classic .....

oh look at that declining vol on 15 min coming into break out level that happened at END OF DAY Friday ... with A VERY convenient up move gap pre market ..

here bully bully .. here bully bully ... come to my trap ...

understand what a breakout is if you are going to call them / play them ... this is great ... will short this one 66.4 when my broker opens

and if you tell me again you got perfect entry this thing dropped 70 pip when you shouted breakout Friday .... I know I traded the fake breakout short....

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