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

  • #167,021
  • Mar 23, 2009 9:17pm Mar 23, 2009 9:17pm
Quoting ItsPipTime
I'm thinking the rally in gbp/yen is being driven by the Asian session (w/lighter volume) b/c they know all of this talk of a Japanese stimulus package by the Jpn Finance Minister that may approach $210billion (nobody really knows how big) is potentially inflationary for the JPY. They evidently know more details on the size and nature of the 'stimulus' and are positioning as we speak..

148 by 4/15 , I'm hoping for nice-n-easy trending higher as opposed to straight up.
thanks for the info. was wondering what the cause was for the spike.
  • #167,022
  • Mar 23, 2009 9:18pm Mar 23, 2009 9:18pm
Quoting malcolmb14
lol .. I am saying who the hell is buying ? last 60 min volume is low to say least ....

not saying it is but ever heard of bull trap ... the move in dj today sure looked like one.
one of the concepts i never fully wrapped my head around was this.
If someone is buying someone must be selling.

So who would be the sellers in this up move?
And from what position are they selling from?

Closing out their positions from 120 area??

someone please clarify
--post hoc ergo propter hoc--
  • #167,023
  • Edited 9:26pm Mar 23, 2009 9:24pm | Edited 9:26pm
Thankyou,







Im sorry Ill have to study up on posting my charts, but this is what i see testing the upper secondary TL @ around 145-146
Attached File(s)
File Type: pdf gbpjpy 3-23-09.pdf   27 KB | 341 downloads
  • #167,024
  • Mar 23, 2009 9:25pm Mar 23, 2009 9:25pm
Quoting malcolmb14
lol .. I am saying who the hell is buying ? last 60 min volume is low to say least ....

not saying it is but ever heard of bull trap ... the move in dj today sure looked like one.

What are the signs of a bull trap?
  • #167,025
  • Mar 23, 2009 9:32pm Mar 23, 2009 9:32pm
Quoting cullian
What are the signs of a bull trap?
lol. sorry, couldn't resist.
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  • #167,026
  • Mar 23, 2009 9:33pm Mar 23, 2009 9:33pm
Quoting cullian
What are the signs of a bull trap?
Dead bulls
Patience + Humility + Study = Success
  • #167,027
  • Mar 23, 2009 9:42pm Mar 23, 2009 9:42pm
They need to be feed and push this past 145. Come on, you can do it.
  • #167,028
  • Mar 23, 2009 9:44pm Mar 23, 2009 9:44pm
Quoting cullian
What are the signs of a bull trap?
Timothy Geithner opening his gob
  • #167,029
  • Mar 23, 2009 9:45pm Mar 23, 2009 9:45pm
Quoting Ferick
They need to be feed and push this past 145. Come on, you can do it.
This is a kobe beef bull, its needs to be massaged
  • #167,030
  • Mar 23, 2009 9:45pm Mar 23, 2009 9:45pm
Everything Happens for a Good Reason…Nothing Happens without Intention
  • #167,031
  • Mar 23, 2009 9:51pm Mar 23, 2009 9:51pm
One thing that perplexes me is that G/U and U/J both went up. So to get this straight, the GBP is stronger than USD and USD is stronger than Yen.

B
  • #167,032
  • Mar 23, 2009 9:58pm Mar 23, 2009 9:58pm
am short again @ 143.75 with my 25sen total 2 lot@25sen

so let this 2 lot play aroud with [email protected] I believe 142.75 is on his way..just monitor my M30/H1 atm...
  • #167,033
  • Mar 23, 2009 9:59pm Mar 23, 2009 9:59pm
Quoting Ferick
Well, yes I agree with you there as far as the 141.7 figure. I think it had to do with the fact that JPY/USD and GBP/USD were facing some resistance.

You have to keep in mind that when this pair gets pulled up (or down) by the above mentioned pairs, orders are sometimes removed from the market making the volume lighter then normal. This was the case today....I think.


I think I will set my target at 144.80.

oh so the ghosts were trading it ?lol
Blogging daily now at www.volume.zone
  • #167,034
  • Mar 23, 2009 10:05pm Mar 23, 2009 10:05pm
I n the future my kids grandkids will be .. oh USD that was the currency they used in the 20th century ......

kind of like how I view the old British currency

guesswho owns most of US bonds

http://www.ft.com/cms/s/0/7851925a-1...nclick_check=1
Blogging daily now at www.volume.zone
  • #167,035
  • Mar 23, 2009 10:09pm Mar 23, 2009 10:09pm
Quoting malcolmb14
I n the future my kids grandkids will be .. oh USD that was the currency they used in the 20th century ......

kind of like how I view the old British currency

guesswho owns most of US bonds

http://www.ft.com/cms/s/0/7851925a-1...nclick_check=1
Did you sees it..what it mean..tank....Just need some view from you from current..Pls advice..Thanks
  • #167,036
  • Mar 23, 2009 10:10pm Mar 23, 2009 10:10pm
Quoting grashid
Did you sees it..what it mean..tank....Just need some view from you from current..Pls advice..Thanks
no I think if anything gu will be the driver of gj .... seems to be right now.
Blogging daily now at www.volume.zone
  • #167,037
  • Mar 23, 2009 10:14pm Mar 23, 2009 10:14pm
Quoting malcolmb14
no I think if anything gu will be the driver of gj .... seems to be right now.
as Gu seem like test 4th time @ 1.4692...with H1...

Seem UJ & GY is parellel atm and not Gu..What do you think?
  • #167,038
  • Mar 23, 2009 10:19pm Mar 23, 2009 10:19pm
Quoting malcolmb14
I n the future my kids grandkids will be .. oh USD that was the currency they used in the 20th century ......

kind of like how I view the old British currency

guesswho owns most of US bonds

http://www.ft.com/cms/s/0/7851925a-1...nclick_check=1
We might as well let them set the rate while we are at it- that would make for an interesting currency for us all to trade..
  • #167,039
  • Mar 23, 2009 10:22pm Mar 23, 2009 10:22pm
Quoting bigcoupe
One thing that perplexes me is that G/U and U/J both went up. So to get this straight, the GBP is stronger than USD and USD is stronger than Yen.

B
That caught my eye too. On the hourly charts, price drove to the top of the 2 - 3 day channels on both U/J and G/U.
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  • #167,040
  • Mar 23, 2009 10:30pm Mar 23, 2009 10:30pm
A quick peek at the 1H JPY crosses. All of these shot up around the same time.
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