I see there is a lot of strugglings (4H high volume bar on 154.5 -155 area, thus, my educative guess is the pair is gonna test last Friday's low if breaks 153, then 152, then 149.6 area are the next targets .. let' see.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #180,223
- May 31, 2009 6:56pm May 31, 2009 6:56pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Estero,
How would a newbie that don't know about volume spread analysis understand this without chart? Anyway, you are still trying to prove a point that will fade as time goes by...You are a perfect example of someone that must be right all the time.. You will at the end lose the focus what this forum is about.
How would a newbie that don't know about volume spread analysis understand this without chart? Anyway, you are still trying to prove a point that will fade as time goes by...You are a perfect example of someone that must be right all the time.. You will at the end lose the focus what this forum is about.
See guys, this is what I was talking about earlier, for example mk did post without a chart but nonetheless I can see on my chart what he is refering to here...so his post is not less valuable b/c he did not post a chart. jmho
ps just thought it was a perfect example
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- #180,224
- May 31, 2009 6:57pm May 31, 2009 6:57pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
See guys, this is what I was talking about earlier, for example mk did post without a chart but nonetheless I can see on my chart what he is refering to here...so his post is not less valuable b/c he did not post a chart. jmho
ps just thought it was a perfect example
(p.s. Did u ever get trading alerts coming with charts?
)
- #180,225
- May 31, 2009 7:06pm May 31, 2009 7:06pm
Estero,
How would a newbie that don't know about volume spread analysis understand this without chart? Anyway, you are still trying to prove a point that will fade as time goes by...You are a perfect example of someone that must be right all the time.. You will at the end lose the focus what this forum is about.
- #180,226
- May 31, 2009 7:07pm May 31, 2009 7:07pm
Estero,
How would a newbie that don't know about volume spread analysis understand this without chart? Anyway, you are still trying to prove a point that will fade as time goes by...You are a perfect example of someone that must be right all the time.. You will at the end lose the focus what this forum is about.
- #180,227
- May 31, 2009 7:09pm May 31, 2009 7:09pm
What??? http://www.forexfactory.com/images/icons/icon10.gif http://www.forexfactory.com/images/icons/icon9.gif http://www.forexfactory.com/images/icons/icon8.gif maybe you're right ..
(p.s. Did u ever get trading alerts coming with charts?
- #180,228
- May 31, 2009 7:12pm May 31, 2009 7:12pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
You are speaking for yourself..We are not gaining anything talking off topic in this forum..What is your point polluting this board with unnecessary bias? What have you contribute so far to get ppl to read your post?
I dont even have volume and just by looking at the pa I could see what he is talking about...
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- #180,232
- May 31, 2009 7:23pm May 31, 2009 7:23pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Based on the other ecomonic indicators such the oil,dollar index,gold reaching highs for the year, it seems straight forward the market should fall.However, malcolmb14 pointed out early that the DJ TA looks bullish..This market is for intra-day trading for now until news tomorrow at 8am. My charts is pointing down atm and I posted a chart earlier for those following this thread.
As always, trade your charts.
As always, trade your charts.
For the last few days I've been following this post as I am also trading GBP/JPY & GBP/USD. My question is: Since GM is posting Bankruptcy... won't that effect negatively on the USD?
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- #180,233
- May 31, 2009 7:23pm May 31, 2009 7:23pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #180,234
- May 31, 2009 7:41pm May 31, 2009 7:41pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
The U.S. Treasury bond market has become the focal point of financial markets for the past several trading days. And when Treasury bonds move, so does the dollar.
Market participants are looking for consensus on the penalties that may be levied on the U.S. government for its bailout and stimulus policies. Penalties in this case are expressed in lower demand for Treasuries and therefore, higher interest rates to attract demand.
Not a Normal Environment ...
In normal environments — when the global economy is stable, the financial system is stable and advanced economies are growing — higher rates are a recipe for a stronger currency. That means the U.S. dollar would benefit from such an aggressive move in interest rates, as investors seeking higher yields flock to the Treasury market and the U.S. dollar. The climb in interest rates would typically be associated with a central bank that is attempting to cool off inflationary pressures from an expanding economy.
In normal environments, rising interest rates are a recipe for a stronger currency. But that's not what's happening now ...
That's certainly not the case now ...
Yes, interest rates are rising. The yield on the 10-year Treasury note leaped from 2.45 percent to 3.75 percent in just 10 weeks. But it's not growth that's driving yields on U.S. government debt ... it's inflation fears! Therefore, the dollar has been under pressure.
The U.S. government is adding trillions of dollars in new debt. And according to the IMF, the debt level in the U.S. is expected to surge from 63 percent of GDP in 2007 to nearly 100 percent of GDP by 2010.
But the dollar-bears and hyper-inflation theorists shouldn't get too excited. In the worst global recession since World War II, inflation is not the problem. It's deflation. Inflation will be a concern when all of the structural issues have been fixed, employment recovers and the money being printed turns into consumption.
Furthermore, considering the global scope of the economic and financial crisis, and similar policy actions taken by major governments, pinpointing U.S. specific problems only exposes the greater dangers to the global economy.
For now, Moody's has quickly countered any speculation that the credit rating of the U.S. government debt was in jeopardy. The ratings agency endorsed the strengths of the U.S. economy and reaffirmed its top credit rating status.
And for a reference point in evaluating the impacts of quantitative easing and increasing debt loads in a crisis response, take look at Japan's experience ...
Market participants are looking for consensus on the penalties that may be levied on the U.S. government for its bailout and stimulus policies. Penalties in this case are expressed in lower demand for Treasuries and therefore, higher interest rates to attract demand.
Not a Normal Environment ...
In normal environments — when the global economy is stable, the financial system is stable and advanced economies are growing — higher rates are a recipe for a stronger currency. That means the U.S. dollar would benefit from such an aggressive move in interest rates, as investors seeking higher yields flock to the Treasury market and the U.S. dollar. The climb in interest rates would typically be associated with a central bank that is attempting to cool off inflationary pressures from an expanding economy.
In normal environments, rising interest rates are a recipe for a stronger currency. But that's not what's happening now ...
That's certainly not the case now ...
Yes, interest rates are rising. The yield on the 10-year Treasury note leaped from 2.45 percent to 3.75 percent in just 10 weeks. But it's not growth that's driving yields on U.S. government debt ... it's inflation fears! Therefore, the dollar has been under pressure.
The U.S. government is adding trillions of dollars in new debt. And according to the IMF, the debt level in the U.S. is expected to surge from 63 percent of GDP in 2007 to nearly 100 percent of GDP by 2010.
But the dollar-bears and hyper-inflation theorists shouldn't get too excited. In the worst global recession since World War II, inflation is not the problem. It's deflation. Inflation will be a concern when all of the structural issues have been fixed, employment recovers and the money being printed turns into consumption.
Furthermore, considering the global scope of the economic and financial crisis, and similar policy actions taken by major governments, pinpointing U.S. specific problems only exposes the greater dangers to the global economy.
For now, Moody's has quickly countered any speculation that the credit rating of the U.S. government debt was in jeopardy. The ratings agency endorsed the strengths of the U.S. economy and reaffirmed its top credit rating status.
And for a reference point in evaluating the impacts of quantitative easing and increasing debt loads in a crisis response, take look at Japan's experience ...
[
- #180,236
- May 31, 2009 7:46pm May 31, 2009 7:46pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Show a chart..
maybe an H&S on the 240m for you pattern junkies.
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- #180,239
- May 31, 2009 7:51pm May 31, 2009 7:51pm
Based on the other ecomonic indicators such the oil,dollar index,gold reaching highs for the year, it seems straight forward the market should fall.However, malcolmb14 pointed out early that the DJ TA looks bullish..This market is for intra-day trading for now until news tomorrow at 8am. My charts is pointing down atm and I posted a chart earlier for those following this thread.
As always, trade your charts.
- #180,240
- May 31, 2009 7:53pm May 31, 2009 7:53pm
Here's one I posted 34hours ago...
http://www.forexfactory.com/showpost...stcount=180113
You'll win though if we keep on like this, you've been a member longer!
Ignorance, is blatantly, bliss.