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

  • #141,101
  • Nov 23, 2008 2:19pm Nov 23, 2008 2:19pm
Weekly chart for cable shows a possible reversal candle formation, not yet confirmed.
Attached Image (click to enlarge)
Click to Enlarge Name: cable weekly.gif Size: 17 KB
  • #141,102
  • Nov 23, 2008 2:20pm Nov 23, 2008 2:20pm
Late friday trading saw 15m QQE60 crossing up above the 50 line and Lilmoe's radar detector (CCI30) puncturing the 100 line. We got confirmation coming from that TL break on the 15m/30m/1hr at daily R1 with prices trading above DP, above 1hr/4hr Gann, and above 50ema. However I am expecting a temporary pull back from friday's high to retest the TL @ 141.7 or 50ema at 141.3(which is about where the 50 fib sits on friday's rally) I'm looking to buy at those levels, IFF the chart doesn't change too much.
Attached Image (click to enlarge)
Click to Enlarge Name: 15m.gif Size: 39 KB
Learning never ends.
  • #141,103
  • Nov 23, 2008 2:24pm Nov 23, 2008 2:24pm
i apologize if this utube link has already been posted re introduction of the amero and collapse of the american (and canadian) dollar and mexican peso. worth a view and food for thought. view it before it's removed from the net:

http://video.google.com/videoplay?do...00958565&hl=es
  • #141,104
  • Nov 23, 2008 2:25pm Nov 23, 2008 2:25pm
The usd/jpy is not as clear as the gbp/usd on this weekly chart. But we see long wicks at the bottoms of the previous 5 candles.

Someone is buying this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy weekly.gif Size: 21 KB
  • #141,105
  • Nov 23, 2008 2:40pm Nov 23, 2008 2:40pm
Quote
Chancellor Alistair Darling will deliver the Government's crucial financial statement in the Commons tomorrow and is set to deliver a "fiscal stimulus" package in an effort to kick-start the economy, with a cut in VAT likely to form the centrepiece of his plans.

http://www.telegraph.co.uk/finance/f...-tax-cuts.html

I think old Gordo will quickly learn that the UK doesn't have the freedom to run massive debts like the US has been doing. This should be good for dropping GU below it's earlier low.

Of course, the US is going to learn very soon that the US doesn't have the freedom to run massive debts like the US has been doing.
  • #141,106
  • Nov 23, 2008 2:44pm Nov 23, 2008 2:44pm
The question is when will this scenario take place?
  • #141,107
  • Nov 23, 2008 2:49pm Nov 23, 2008 2:49pm
Quoting fxpipster
i apologize if this utube link has already been posted re introduction of the amero and collapse of the american (and canadian) dollar and mexican peso. worth a view and food for thought. view it before it's removed from the net:

http://video.google.com/videoplay?do...00958565&hl=es
interesting...
  • #141,108
  • Nov 23, 2008 2:50pm Nov 23, 2008 2:50pm
Quoting markam
http://www.telegraph.co.uk/finance/f...-tax-cuts.html

I think old Gordo will quickly learn that the UK doesn't have the freedom to run massive debts like the US has been doing. This should be good for dropping GU below it's earlier low.

Of course, the US is going to learn very soon that the US doesn't have the freedom to run massive debts like the US has been doing.
classic scenario of market denial, followed by a wakeup call.
  • #141,109
  • Nov 23, 2008 2:58pm Nov 23, 2008 2:58pm
Inserted Video



Quoting lilmoe
classic scenario of market denial, followed by a wakeup call.
[
  • #141,110
  • Nov 23, 2008 3:02pm Nov 23, 2008 3:02pm
Fundamentally, a few things are standing out in my mind.
1. The Chinese govt announced a huge infrastructure improvement. How will they pay for it? They will liquidate some of their billions in U.S. treasuries. This will cause a run on the bond market, and is bearish for the USD index. Whenever it happens...
2. Obama has announced that the move to roll back the Bush income tax cuts is going to be delayed until 2010, when they expire.
3. The Citibank situation....
  • #141,111
  • Nov 23, 2008 3:04pm Nov 23, 2008 3:04pm
Govt's are piling up massive debt.....
  • #141,112
  • Nov 23, 2008 3:17pm Nov 23, 2008 3:17pm
Quoting avani
the trade in its second hour
right now esignal has 143.04 ..... so far you not going very far
Blogging daily now at www.volume.zone
  • #141,113
  • Nov 23, 2008 3:18pm Nov 23, 2008 3:18pm
Quoting rgitt05
http://www.youtube.com/watch?v=6hiPrsc9g98
this really is creepy, not only for canada, mexico and the united states, but also for those countries who's currencies are coupled with the united states dollar, jordan included. this would be disaster, literally.
  • #141,114
  • Nov 23, 2008 3:19pm Nov 23, 2008 3:19pm
Quoting kbrown
Late friday trading saw 15m QQE60 crossing up above the 50 line and Lilmoe's radar detector (CCI30) puncturing the 100 line. We got confirmation coming from that TL break on the 15m/30m/1hr at daily R1 with prices trading above DP, above 1hr/4hr Gann, and above 50ema. However I am expecting a temporary pull back from friday's high to retest the TL @ 141.7 or 50ema at 141.3(which is about where the 50 fib sits on friday's rally) I'm looking to buy at those levels, IFF the chart doesn't change too much.

look at my earlier posting .. I am expecting 141.5 retracement ( if longer term trend to continue)

that would be awesome place to grab a long
Blogging daily now at www.volume.zone
  • #141,115
  • Nov 23, 2008 3:19pm Nov 23, 2008 3:19pm
Quoting ovaforty
Govt's are piling up massive debt.....
one question i've been asking myself: they are indebted to who?
  • #141,116
  • Nov 23, 2008 3:20pm Nov 23, 2008 3:20pm
China to bailout USA? AMERO will be the currency in 2009?

Inserted Video



Quoting lilmoe
this really is creepy, not only for canada, mexico and the united states, but also for those countries who's currencies are coupled with the united states dollar, jordan included. this would be disaster, literally.
[
  • #141,117
  • Nov 23, 2008 3:22pm Nov 23, 2008 3:22pm
Quoting lilmoe
this really is creepy, not only for canada, mexico and the united states, but also for those countries who's currencies are coupled with the united states dollar, jordan included. this would be disaster, literally.
there was talk on the table in G20 meeting of three currencies

The western countries , the Americas and the far east . They would be fixed ( no forex trading ). The currency would be devalued , mean while gold would go to $2500 per oz.
Blogging daily now at www.volume.zone
  • #141,118
  • Nov 23, 2008 3:25pm Nov 23, 2008 3:25pm
Quoting lilmoe
one question i've been asking myself: they are indebted to who?
The only countries with actual money reserves are russia, china and the opec countries. they have their own problems right now.

Expect global printing of money.
  • #141,119
  • Nov 23, 2008 3:27pm Nov 23, 2008 3:27pm
Quoting malcolmb14
there was talk on the table in G20 meeting of three currencies

The western countries , the Americas and the far east . They would be fixed ( no forex trading ). The currency would be devalued , mean while gold would go to $2500 per oz.
No forex trading??? Which currency would be good to convert us into ..besides gold..?? euro.. no ... what choices we have???
Markets are not Random, they are designed!
  • #141,120
  • Nov 23, 2008 3:29pm Nov 23, 2008 3:29pm
EU LEADERS TO PRESENT ONE WORLD CURRENCY TO USA AS A SOLUTION FOR WORLDWIDE ECONOMIC CRISIS


Inserted Video


Quoting malcolmb14
there was talk on the table in G20 meeting of three currencies

The western countries , the Americas and the far east . They would be fixed ( no forex trading ). The currency would be devalued , mean while gold would go to $2500 per oz.
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