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

  • #155,461
  • Jan 24, 2009 11:51am Jan 24, 2009 11:51am
Quoting quecee5
Interesting reading. . .

The drop in the GBP/USD this week has been nothing short of astonishing. The pair erased more than 1000 points off its price with streling depreciating by more than 6% against the dollar. Although cable has been in decline since the turbulent markets of last fall, this latest freefall carries a whiff of true panic about it as markets fear that that UK government spending schemes to rescue the country’s ailing banking sector will put unsustainable stress on the Treasury.

The run on the pound was triggered by Prime Minister...
i'm normally a few months off on these type of things. I would have though USD would die by now So base on the normally few months off rule, i give it by May.

is that fair and reasonable since i am always a few months off? or does it not work that way? lol

I would think the first 2 currency to beat the crap out of usd is euro and chf? those 2 tried once but didn't happen.
  • #155,462
  • Jan 24, 2009 11:57am Jan 24, 2009 11:57am
GOdfreyH,
plz see ur Pm. Tks
  • #155,463
  • Jan 24, 2009 12:48pm Jan 24, 2009 12:48pm
Hi malcomb, just a quick thankyou to you and all the regular posters on this thread who share so much with all of us . Really appreciate it.
  • #155,464
  • Jan 24, 2009 1:30pm Jan 24, 2009 1:30pm
Quoting mirex
i'm normally a few months off on these type of things. I would have though USD would die by now So base on the normally few months off rule, i give it by May.

is that fair and reasonable since i am always a few months off? or does it not work that way? lol

I would think the first 2 currency to beat the crap out of usd is euro and chf? those 2 tried once but didn't happen.
Not sure about that but just something to be cognizant of and may be worth monitoring. . .
  • #155,465
  • Jan 24, 2009 1:48pm Jan 24, 2009 1:48pm
so looking at the dx to try to detyermine GU direction for next week

4 hour chart ...bearish div on rsx
double top
support 86.000
top of 4 hour channel exact 78 % retrace of move down

I think dx will break support in US session Monday , taking GU up into 1.4000 area

that will also be the reversal of GJ that I was talking about as of about 4 am pst Monday


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  • #155,466
  • Jan 24, 2009 2:14pm Jan 24, 2009 2:14pm
Quoting quecee5
Not sure about that but just something to be cognizant of and may be worth monitoring. . .
hey Q, what normally happen when the market try to pass the border without passport and visa that you and piters mention a few post back?
  • #155,467
  • Edited 2:36pm Jan 24, 2009 2:25pm | Edited 2:36pm
Here is a daily chart. . .

Couple of things to note:

1) hammer with long wick tail - signals short-term trend reversal
2) bullish divergence on stoch

we could see GJ peak up to 128 within the 1st 3-days (days depicted by the vertical red line).

However, if the symetrical triangle is valid a repeat of the down move is forthcoming if the decsending line plays out. . . targets will be set at 115-112 area. . .

If 128 is breached then 135-141 will be the upside target. . .

Also, bearish divergence on 1hr chart could play out and take price back to 120.90 - 121.20 as depicted on the daily chart and happens to be daily S1 (support)

No more post for me today - the picture is very clear in my mind! LOL!
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  • #155,468
  • Jan 24, 2009 2:33pm Jan 24, 2009 2:33pm
Quoting mirex
hey Q, what normally happen when the market try to pass the border without passport and visa that you and piters mention a few post back?
I think this chart says it all. . .
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  • #155,469
  • Jan 24, 2009 3:28pm Jan 24, 2009 3:28pm
Quoting quecee5
I think this chart says it all. . .
thanks Q!

your weekend going good?
  • #155,470
  • Jan 24, 2009 3:30pm Jan 24, 2009 3:30pm
Quoting quecee5
I think this chart says it all. . .
mexicans could be the driving force behind price movement. in that case it won't be a problem to pass the border without visa
  • #155,471
  • Jan 24, 2009 3:39pm Jan 24, 2009 3:39pm
Quoting Dr.Geppynius
mexicans could be the driving force behind price movement. in that case it won't be a problem to pass the border without visa
pfft! DrG, you been hiding? or am i just not on at the right time? lol
  • #155,472
  • Jan 24, 2009 3:57pm Jan 24, 2009 3:57pm
Quoting mirex
pfft! DrG, you been hiding? or am i just not on at the right time? lol
been hiding in the futures markets. with success, it seems.
  • #155,473
  • Jan 24, 2009 4:19pm Jan 24, 2009 4:19pm
Quoting Dr.Geppynius
been hiding in the futures markets. with success, it seems.
heh cool, well come back soon
  • #155,474
  • Jan 24, 2009 4:32pm Jan 24, 2009 4:32pm
Piters! i see you, you sneaky you! lol
  • #155,475
  • Jan 24, 2009 5:20pm Jan 24, 2009 5:20pm
Quoting mirex
Piters! i see you, you sneaky you! lol
'here mate, just reading some old posts!
So, you''re still in that train?? I hope you took your passport and visa ??
  • #155,476
  • Jan 24, 2009 5:53pm Jan 24, 2009 5:53pm
Quoting Piters
'here mate, just reading some old posts!
So, you''re still in that train?? I hope you took your passport and visa ??
i have a stupid broker, charge me way too much, but for some odd reason, i win more playing this broker and i lose on other broker...lol they let me close on weekends (spread is very high, however since it was a buy, and this close is a sell, there was a very small spread). Plus i kind of jumped the gun on the buy so had a crappy price anyway so i closed it on a -20p since i didnt bring my password and visa. i rather take a -20p now and wait for confirmation or try to jump on the train closer to the bottom. so off the train i goes..lol

how's your weekend going? had starbucks + chinese food yesterday. best combination ever...lol
  • #155,477
  • Jan 24, 2009 7:28pm Jan 24, 2009 7:28pm
Quoting mirex
i have a stupid broker, charge me way too much, but for some odd reason, i win more playing this broker and i lose on other broker...lol they let me close on weekends (spread is very high, however since it was a buy, and this close is a sell, there was a very small spread). Plus i kind of jumped the gun on the buy so had a crappy price anyway so i closed it on a -20p since i didnt bring my password and visa. i rather take a -20p now and wait for confirmation or try to jump on the train...

might have done yourself a favour . GJ on tenfore is 121.19 - 120 pip gap . I do not really take any notice of this one thew weekend ... but all pairs seem to have got bearish and usd gained some strength
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  • #155,478
  • Jan 24, 2009 7:59pm Jan 24, 2009 7:59pm
can somebody tell me where can i see the quotes during the weekend
  • #155,479
  • Jan 24, 2009 8:36pm Jan 24, 2009 8:36pm
Quoting malcolmb14
might have done yourself a favour . GJ on tenfore is 121.19 - 120 pip gap . I do not really take any notice of this one thew weekend ... but all pairs seem to have got bearish and usd gained some strength
woot! i did something right! let's celebrate, it's on me ok? lol
  • #155,480
  • Jan 24, 2009 9:30pm Jan 24, 2009 9:30pm
Quoting mirex
woot! i did something right! let's celebrate, it's on me ok? lol
the price can go UP or down all weekend, but the gap up or gap down is accurate only if half hour or 1hour before Wellington (NZ) opens Tenfore and Oanda are pretty much in same level,

Usually in 90%; 1h before market opens, they just alligning (return to previous level),

market opens in 19h, 30min from now... 1H before Sydney opens... So 2h before Sydney open, just have a look @ oanda and Tenfore,,, and you'll know

BTW, nice weekend, beach, sun, we had 42 C in Sydney Yesterday the hottiest day in last 3Y.. (thanks for question)
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