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

  • #151,761
  • Jan 7, 2009 12:07pm Jan 7, 2009 12:07pm
Quoting dreed
AWESOME CALL KARMO.... We Broke 141.00, and I am sure we will see the 144 area you mentioned. Actually, 144.09 is my 2nd Daily Resistance Level.

Congrads on your pip Gain my friend.
Glad to see you found Karmo
  • #151,762
  • Jan 7, 2009 12:15pm Jan 7, 2009 12:15pm
late I know but sell triiger 140.80 .... 140.50 1/2 off and move stop be ...

140.50 critical level .. break here drop to 140
Blogging daily now at www.volume.zone
  • #151,763
  • Jan 7, 2009 12:16pm Jan 7, 2009 12:16pm
http://www.dailyfx.com/story/trading...332966030.html


Quoting Terminale
Do you take in consideration the Rate cut 2morrow ? We could no see this value at all and go down for while.
[
  • #151,764
  • Edited 12:30pm Jan 7, 2009 12:19pm | Edited 12:30pm
Quoting Terminale
Do you take in consideration the Rate cut 2morrow ? We could no see this value at all and go down for while.

rate cut is likely factored in .

Pros are doing this buying .. there is no otther way this move could happen

the futures showed this move .. see an ealrier post by me saying 1000 pip move up GU

we may get some weakness on the rate cut ... guess why ...well the pros if they really want to buy GU will use the bad news to their benefit to buy at a lower level .. look for high volume down bars close to news or around news with no follow through ... this could be selling climax / market test.

there is a strong possibility gu goes to 1.5500. Look at daily charts
Blogging daily now at www.volume.zone
  • #151,765
  • Jan 7, 2009 12:22pm Jan 7, 2009 12:22pm
Quoting ukdaytrader
Funny you should say short, i've just placed a very small position expecting the 141 to be broken, (temporarily), to the downside.

Update: Closed for +17.
Manage to get +77 pips lol.. even down to 140.50 just now(aah its ok) .

Now I am stop entering any GPY market till tomorrow BOE announcement as expected in strong bearish (rgtt also posted some news from FXCM).See you....
  • #151,766
  • Jan 7, 2009 12:23pm Jan 7, 2009 12:23pm
Quoting malcolmb14
scrat 145 on the chart was market test (price went under support to probe for new sellers) .. but volume was very light.

This could be the bottom on the pound . However we need to see reaction to the test when major players come back next week

also plot rsi ..major bullish div on a treble bottom.

IMHO in order for new professional selling to take place price has to go higher.

That BB sure looks flat and has top 155 ... that would equate to 1000 pip in GU spot.

here is earlier posting on my GU oulook

remember 1 thing ...... news is designed to mess with your trades and pros will buy into weakness and sell into strength ...

ok that is 2 things ...lol
Blogging daily now at www.volume.zone
  • #151,767
  • Jan 7, 2009 12:24pm Jan 7, 2009 12:24pm
Quoting Terminale
Do you take in consideration the Rate cut 2morrow ? We could no see this value at all and go down for while.
I can't emphasise this strongly enough; If you're pinning your hopes of a fall on the BoE decision tomorrow, it's a recipe for disaster. You may win, but there's as much chance of losing as well.

Flip a coin for direction after this release, 'cos that's how accurate FA is in these times.

The race to zero is on and the prevailing thought among analysts is that the quicker the UK gets there, the quicker the recovery will be, hence this weeks rise.

You may find GBP tanks if the BoE do nothing.
  • #151,768
  • Jan 7, 2009 12:28pm Jan 7, 2009 12:28pm
here is 4 hour gbp futures ..

obtained on WHC platform for free

volume today on futures a little less than yesterday could indicate pros not taking part in move today as much before BOE rate cut

Attached Image (click to enlarge)
Click to Enlarge Name: es.gif Size: 18 KB
Blogging daily now at www.volume.zone
  • #151,769
  • Jan 7, 2009 12:38pm Jan 7, 2009 12:38pm
***obtained on WHC platform for free***

OK, gunna show my ignorance here, but Googling WHC did not bring up any answers. What is this?
  • #151,770
  • Jan 7, 2009 12:39pm Jan 7, 2009 12:39pm
IS there a platform where Dollar Index charts are available on MT4 platoform?
  • #151,771
  • Jan 7, 2009 12:43pm Jan 7, 2009 12:43pm
Quoting malcolmb14
here is 4 hour gbp futures ..

obtained on WHC platform for free

volume today on futures a little less than yesterday could indicate pros not taking part in move today as much before BOE rate cut

Attachment
Do you know why the GBP is acting so strongly ?
Their economy suc.s and everybody syays that the right value for GBPJPY should be below 120,
is this all because market manipulation? I thought that it was not possbile to manipulate forex also for big players, may be this is not correct ...
I am very surprised why this is happening
  • #151,772
  • Jan 7, 2009 12:45pm Jan 7, 2009 12:45pm
Quoting vinesh2
IS there a platform where Dollar Index charts are available on MT4 platoform?
http://en.brocompany.com/

that is WHC ... they have everything

be careful on some futures they trade inverse ... like JPY .. futures chart going p mean strong yen ...and usdjjpy going down

beauty of futures charts is that on 4 hour volume is real not tick volume. I know some forex traders that only trade currency futures.....
Blogging daily now at www.volume.zone
  • #151,773
  • Jan 7, 2009 12:48pm Jan 7, 2009 12:48pm
Quoting marcb
Do you know why the GBP is acting so strongly ?
Their economy suc.s and everybody syays that the right value for GBPJPY should be below 120,
is this all because market manipulation? I thought that it was not possbile to manipulate forex also for big players, may be this is not correct ...
I am very surprised why this is happening
market manipulation can happen in any market ..all it takes is $$$$$$$$$$$$

I do not think this is manipulation ...seems like steady buying , that has slowed down today. but may resume after a price drop ( discount ) due to rate cut tomorrow.

what sucks more ...??? GBP or USD ? I mean job report today double what it should be
Blogging daily now at www.volume.zone
  • #151,774
  • Jan 7, 2009 12:50pm Jan 7, 2009 12:50pm
Malcolmb it does not have the Dollar Index chart only FOREX and CFD stock
  • #151,775
  • Jan 7, 2009 12:52pm Jan 7, 2009 12:52pm
Quoting vinesh2
Malcolmb it does not have the Dollar Index chart only FOREX and CFD stock

it does ... make sure you have broco trader ....

go to symbols list CFD currency is what it is under
Blogging daily now at www.volume.zone
  • #151,776
  • Jan 7, 2009 12:56pm Jan 7, 2009 12:56pm
I am pretty sure thats what i got attaching a screen shot. Symbols on the left is the only thing I get
Attached File(s)
File Type: doc Doc2.doc   109 KB | 385 downloads
  • #151,777
  • Jan 7, 2009 12:57pm Jan 7, 2009 12:57pm
Quoting malcolmb14
here is 4 hour gbp futures ..

obtained on WHC platform for free

volume today on futures a little less than yesterday could indicate pros not taking part in move today as much before BOE rate cut

Attachment
GU down for tomorrow BOE or up ?..if down I am with you.Why?Here is my opinion:-

1.UJPY is not showing USD strong enough to push up to 95 and above after bail out and tax cut and right now JPY still in strong liquidity compared with US ( even 'oscar award to US on their bail out plan) even their economy also in trouble
2. Job losses with tremendous worst in the history may tend to pull EU and GU economic and tend to weken in world commodities
3. With some other raw material and oil reserve which US may tend to hold their strong in the market currencies before make a drastically move after this things prepared for booming back their domestic demand especially in manufacturing or production output.

With this.. it is all about benificial to JPY......May be am wrong? Pls advice...Thanks
  • #151,778
  • Jan 7, 2009 1:03pm Jan 7, 2009 1:03pm
Quoting vinesh2
I am pretty sure thats what i got attaching a screen shot. Symbols on the left is the only thing I get

ok on symbols area .. right click ... scroll down to symbols in the drop down list .. .that will show you all the categories available

then once you find sysmbol you want in the dorp down list .... click on show ... it will turn up in your symbols list
Blogging daily now at www.volume.zone
  • #151,779
  • Jan 7, 2009 1:07pm Jan 7, 2009 1:07pm
Quoting grashid
GU down for tomorrow BOE or up ?..if down I am with you.Why?Here is my opinion:-

1.UJPY is not showing USD strong enough to push up to 95 and above after bail out and tax cut and right now JPY still in strong liquidity compared with US ( even 'oscar award to US on their bail out plan) even their economy also in trouble
2. Job losses with tremendous worst in the history may tend to pull EU and GU economic and tend to weken in world commodities
3. With some other raw material and oil reserve which US may tend to hold their strong in the market currencies...

I am 99% a day trader and will trade any oppertunity i see .. long or short .. been day trading usdchf both long and short since news this morning .. as it suits my system very well ...50 pips on last trade ...

so back to GU ..I am not guessing the fundies or direction . I know one thing for sure .. this move was not driven by me buying my few lots.... it was driven by pros and until I see a sign that they have stopped buying on the dips I still favour a 1.5500 target

just entered gj short 140.40 base on system ....just sclaping the hell out of the markets.
Blogging daily now at www.volume.zone
  • #151,780
  • Jan 7, 2009 1:07pm Jan 7, 2009 1:07pm
Quoting grashid
GU down for tomorrow BOE or up ?..if down I am with you.Why?Here is my opinion:-

1.UJPY is not showing USD strong enough to push up to 95 and above after bail out and tax cut and right now JPY still in strong liquidity compared with US ( even 'oscar award to US on their bail out plan) even their economy also in trouble
2. Job losses with tremendous worst in the history may tend to pull EU and GU economic and tend to weken in world commodities
3. With some other raw material and oil reserve which US may tend to hold their strong in the market currencies...
Everything you say is true, however so is the fact that Japan's exports have dried up, they are already at zero pretty much and their manufacturing is contracting very quickly. Add that to the fact that any so called consumer led stimulus may not work as the Japanese would save any Govt hand-out. At least that's what they did in the 1990s.

In short, any fundamental analysis you may be seeing is not necessarily reflected in the price of currencies.

JMHO of couse.
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