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

  • #157,861
  • Feb 3, 2009 11:26pm Feb 3, 2009 11:26pm
UY is driving this push.
{Some Profound Statement goes here}
  • #157,862
  • Feb 3, 2009 11:26pm Feb 3, 2009 11:26pm
Quoting malcolmb14
Pit .... I like your play ... huge bearish div on rsx on that double top on 60 min

a little bounce off daily pivot here at 128.40 and then down she goes

love drunken trading ...lol

just got back form hockey .. a nice little short on bounce off dp
Blogging daily now at www.volume.zone
  • #157,863
  • Feb 3, 2009 11:28pm Feb 3, 2009 11:28pm
Quoting malcolmb14
love drunken trading ...lol

just got back form hockey .. a nice little short on bounce off dp
CHEERS!
  • #157,864
  • Feb 3, 2009 11:32pm Feb 3, 2009 11:32pm
malcom you seem to make pips even with your eyes closed. wow
  • #157,865
  • Feb 3, 2009 11:32pm Feb 3, 2009 11:32pm
Quoting malcolmb14
Pit .... I like your play ... huge bearish div on rsx on that double top on 60 min

a little bounce off daily pivot here at 128.40 and then down she goes
DPP is taken, what next Malcolm, is it gonna break the S1?
  • #157,866
  • Feb 3, 2009 11:33pm Feb 3, 2009 11:33pm
wtf is going on. all the nice moves currently happen in asia or immediately before euro session. i should stick wasting time during that bullshit eur session.
  • #157,867
  • Feb 3, 2009 11:35pm Feb 3, 2009 11:35pm
Quoting Norte
DPP is taken, what next Malcolm, is it gonna break the S1?
you will see and nobody can predict it...
  • #157,868
  • Feb 3, 2009 11:37pm Feb 3, 2009 11:37pm
Quoting malcolmb14
Pit .... I like your play ... huge bearish div on rsx on that double top on 60 min

a little bounce off daily pivot here at 128.40 and then down she goes

  1. almost there.. just retested FIBO 50, but we missed DPP and 50 ema [1h] in this rush, so we may go back and retest DPP before 126.60, or
  2. the second option is we push all the way to 126.60 new low, and then BigBen reverse from 126.60

Attached Image (click to enlarge)
Click to Enlarge Name: dds-38.png Size: 45 KB
  • #157,869
  • Feb 3, 2009 11:44pm Feb 3, 2009 11:44pm
Quoting Dr.Geppynius
you will see and nobody can predict it...
There is a BoE rate decision tomorrow and they expect the rate to go down. That will weaken the pound. My guess is that the major banks that has hedged the guppy and the cable for a while now are removing their risky positions. I think that the pound will continue to go down....
  • #157,870
  • Feb 3, 2009 11:47pm Feb 3, 2009 11:47pm
Quoting janad
There is a rate decision tomorrow and they expect the rate to go down. That will weaken the pound. My guess is that the major banks that has hedged the guppy and the cable are now removing any risky position. I think that the pound will continue to go down....
Do not be so sure of that will you. Have a quick look at what the Dollar did when the Fed were aggressively cutting rates.
  • #157,871
  • Feb 3, 2009 11:50pm Feb 3, 2009 11:50pm
Quoting ukdaytrader
Do not be so sure of that will you. Have a quick look at what the Dollar did when the Fed were aggressively cutting rates.
That was completely different. Dollar was then, because of the financial crisis, considered as a safe-heaven. The same was the yen. The pound is not a safe heaven.
  • #157,872
  • Feb 3, 2009 11:54pm Feb 3, 2009 11:54pm
you will see what happens and everything else is crystal ball projection.

in these times where they put up the scenario of doomed economy and markets, even rate decisions have not much of an senseful impact and there is no safe haven if the haven consists of paper money.

big meltdown still has to come.
  • #157,873
  • Feb 3, 2009 11:59pm Feb 3, 2009 11:59pm
Quoting Dr.Geppynius
you will see what happens and everything else is crystal ball projection.

in these times where they put up the scenario of doomed economy and markets, even rate decisions have not much of an senseful impact and there is no safe haven if the haven consits of paper money.

big meltdown still has to come.
I agree - "the proof is in the eating of the pudding" :-)
Another reason for me to think its going down is that when we had the options expiry some days ago both guppy and eurjpy fell like rocks. I suspect that the major banks are still keeping the pound artificially alive with their hedging.
  • #157,874
  • Feb 3, 2009 11:59pm Feb 3, 2009 11:59pm
Quoting janad
That was completely different. Dollar was then, because of the financial crisis, considered as a safe-heaven. The same was the yen. The pound is not a safe heaven.
That's your own take on it and is the kind of thing analysts on Bloomies would say; it;s a curve fit argument. A million others will disagree.

Do you not think every big bank out there isn't expecting zero interest rates in the UK? In fact, if the BoE do not cut, this could be seen as very negative for Sterling. Normal rules not not apply right now.

I do not like predicting what news will do, but my own thoughts are that the BoE will cut, Sterling drops a few hundred pips and then slowly recovers all lost ground.

Either way, nothing is certain.
  • #157,875
  • Feb 4, 2009 12:00am Feb 4, 2009 12:00am
As long as the 4hr gann and 50ema is intact the bias remains up this is supported also by the daily gann.
  • #157,876
  • Feb 4, 2009 12:03am Feb 4, 2009 12:03am
Quoting Piters

  1. almost there.. just retested FIBO 50, but we missed DPP and 50 ema [1h] in this rush, so we may go back and retest DPP before 126.60, or
  2. the second option is we push all the way to 126.60 new low, and then BigBen reverse from 126.60

Hi,
I immagine that DPP means Daily Pivot P????
Is it 128.4 or else?
Could you post a lonk for the mt4 file to compute DPP?
Thanks!
Marc
  • #157,877
  • Feb 4, 2009 12:03am Feb 4, 2009 12:03am
Morning,

ukdaytrader, freed123, Norte, fxnoob08, janad, Gull, steviet, wired2199, forexadje, botadufig05, samuzowulu, Piters, apatz14, bpatto, Xpyct2003, ephisi, alanz76, Klockmann, dzackfx, aspil, moneymagnet, moneyAA, amed12, hadleyma, fx88, The Watcher, hazy, perstoman, Bren0001, sotos, Pipzkreig, gico, muzicmasti, evol5, msniper, moneybookers, smikester, RealPips, Ksg380, Mr.Q, unforgiven82, Liss, alearner


Hope green pips with us today. Just take a look at EA. EA next target 1.9800.
  • #157,878
  • Feb 4, 2009 12:05am Feb 4, 2009 12:05am
Quoting marcb
Hi,
I immagine that DPP means Daily Pivot P????
Is it 128.4 or else?
Could you post a lonk for the mt4 file to compute DPP?
Thanks!
Marc
YEP, DPP = daily pivot point.. and currently on 128.44

please find attached your MT4 DPP indi

===================================================
@ PandoraBox

G'Day mate!
Attached File(s)
File Type: mq4 Pivot Points Multitimeframe eye.mq4   45 KB | 551 downloads
  • #157,879
  • Feb 4, 2009 12:12am Feb 4, 2009 12:12am
Quoting PandoraBox
Morning,

ukdaytrader, freed123, Norte, fxnoob08, janad, Gull, steviet, wired2199,...


morning bro http://www.forexfactory.com/images/icons/icon7.gif
  • #157,880
  • Feb 4, 2009 12:16am Feb 4, 2009 12:16am
good morning indeed 4 am here. i better get to bed. happy pips to all.
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