It looks like rate futures are now expecting a BOJ rate cut to .1, putting it below the dollar. Anyone else see g/j flying up if BOJ comes through with that cut tomrrow?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #149,922
- Dec 17, 2008 7:24am Dec 17, 2008 7:24am
his stop loss or HEDGE was very close to FIBO 618, so he need to adjust a litlle bit, and give another 10-20 pips +/- to give a space..
His stop loss was on 135.00 and FIBO 618 is on 134.92, so Eventualy he need to push down his Hedge another 20pips or more (depese of his MM) and leave it..
This is true, thanks to the alert
- #149,923
- Dec 17, 2008 7:27am Dec 17, 2008 7:27am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
we go down to visit FIBO 50 [135.75] until NYSE open 9am EST, after that we may retrace almost all back to that Green Upper Trend line.. and DPP
After that we can add some more shorts.. (guys that is my crystal ball. not ME)..
dont chase me after, or send me an invoices for compensations
40 Hours of RESITANCE @ 139 level, made an interesting pattern, Inverse H/S, with Neck line @ the 139 area [redline]. If we close above that line, then we are most likely visiting 141,5 or more.. However, whenever we have a rejection from the Neckline, that rejection is powerfull as well, can bring us hundreds of pips to the Downside. The vertical lines are time zones with reversal sign for that TF.
From the other side we had revisiting the LOW of 88,20 on UY this ASIA session.
My oppinion ?
If we break 139.20 then 142 or upper, if we...
all 4 cyan vertical lines are reversal TZ, if you open my previous post you can see the same vertical line as Yellow. tells me that the first candle in NY is retrace or reversal.. That is why I went for a small LONG. but never the less, if you can see the fall from the top, from that Inverse H/S formation, the top bar is reversal, I shorted there.. and played VERYYY GOOD..
So, what now? retrace:
possible retrace targets, but also is possible to reverse from here. specialy if we broke or close above that RED Neckline on the top/. (so , take it easy)
FIBO 382 [136.60]
FIBO 500 [137.07]
FIBO 618 [137.55] WITH CONFLUENCE WITH 50ema ON 4h AND 1h (IF WE GET THERE)
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AGAIN: This is not a Broker Call! be carefull, look @ your charts, and trade.
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my mid term target is 126, after the retrace,
- #149,924
- Dec 17, 2008 7:28am Dec 17, 2008 7:28am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Where did you get this information?
It looks like rate futures are now expecting a BOJ rate cut to .1, putting it below the dollar. Anyone else see g/j flying up if BOJ comes through with that cut tomrrow?
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Where did you get this information?
http://www.forexfactory.com/news.php?do=news&id=138152
"Investors betting on rate futures saw a 60 percent chance of a BOJ rate cut to 0.1 percent this week .... 'With the Fed having come this far, markets would be hugely disappointed if the BOJ keeps rates on hold at 0.3 percent this week. The rate differential could trigger sharp yen rises and push down stocks, reviving the market crisis in October,' said Hirokata Kusaba, senior economist at Mizuho Research Institute.
'The BOJ needs to do something and I'm sure they are aware of that. It's likely to cut rates, even to zero, this week. It needs to avoid keeping Japanese rates higher than those of the U.S.'"
- #149,926
- Dec 17, 2008 7:43am Dec 17, 2008 7:43am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
no..not really i'm expecting..132.40 to be bottom in medium term..baby
,,wot caught my attention was:
1. the doji in the bulling wedge formed on the daily
2. my technicals..i use ichi's are screaming buy on the 1 hr..waiting for confirmation on the daily
i am half expecting a retest of that area...this should provide more confirmation if longs are good.
- #149,927
- Dec 17, 2008 7:49am Dec 17, 2008 7:49am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Thanks forex_newguy!!
That is some major news if the BOJ don't cut the rate...
That is some major news if the BOJ don't cut the rate...
http://www.forexfactory.com/news.php?do=news&id=138152
"Investors betting on rate futures saw a 60 percent chance of a BOJ rate cut to 0.1 percent this week .... 'With the Fed having come this far, markets would be hugely disappointed if the BOJ keeps rates on hold at 0.3 percent this week. The rate differential could trigger sharp yen rises and push down stocks, reviving the market crisis in October,' said Hirokata Kusaba, senior economist at Mizuho Research Institute.
'The BOJ needs to do something and I'm sure they are aware...
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- #149,928
- Dec 17, 2008 7:56am Dec 17, 2008 7:56am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #149,930
- Dec 17, 2008 8:15am Dec 17, 2008 8:15am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
exited my long scalp +10 from 135.75
Dont like PA.. (coffee time
)
Dont like PA.. (coffee time
)
- #149,931
- Dec 17, 2008 8:17am Dec 17, 2008 8:17am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
All eyes and ears are on the 88.00 level in USD/JPY..You can bet there will be a ton of 2 way interest down there
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- #149,932
- Dec 17, 2008 8:22am Dec 17, 2008 8:22am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
All eyes and ears are on the 88.00 level in USD/JPY..You can bet there will be a ton of 2 way interest down there
- #149,933
- Dec 17, 2008 8:23am Dec 17, 2008 8:23am
- Joined Aug 2007 | Status: Doing It In Dubai | 2,457 Posts
Its time I started to think and speak like one of them pro analysts. So here goes
If the price goes below 135, it may go to 134
BUT
If the price breaks through upwards of 136, it may go to 137
Choose your positions carefully
More such clear predictions on our paid-members-only website
If the price goes below 135, it may go to 134
BUT
If the price breaks through upwards of 136, it may go to 137
Choose your positions carefully
More such clear predictions on our paid-members-only website
- #149,934
- Dec 17, 2008 8:26am Dec 17, 2008 8:26am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
All we need is a bailout news to get this back up...
I see greedy people....
I see greedy people....
open your FX Level II, you can see them
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- #149,935
- Dec 17, 2008 8:29am Dec 17, 2008 8:29am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
hi Piters
still up
lovely 400pips unloaded waitng now with hedge setup
still up
lovely 400pips unloaded waitng now with hedge setup
- #149,936
- Dec 17, 2008 8:33am Dec 17, 2008 8:33am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
hi Piters
still up
lovely 400pips unloaded waitng now with hedge setup
good, be ready to go down a bit now
- #149,937
- Dec 17, 2008 8:36am Dec 17, 2008 8:36am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
USD/JPY is under pressure, making new lows for the current down move and a test of 88.00 seems likely; things may get ugly if below 87.90
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- #149,938
- Dec 17, 2008 8:38am Dec 17, 2008 8:38am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
GM, nice GJ movement today....I believe somebody account now nearly reach USD 50k
- #149,939
- Dec 17, 2008 8:44am Dec 17, 2008 8:44am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Hello everybody
scored 15 in sockandawe.com
scored 15 in sockandawe.com Discipline + Patience - Fear - Greed = Success
- #149,940
- Dec 17, 2008 8:47am Dec 17, 2008 8:47am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
RSX is still holding upward...
GU and UJ
EU and EJ
This is crazy correlation going with these pairs...
Major PA
GU and UJ
EU and EJ
This is crazy correlation going with these pairs...
Major PA
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