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

  • #180,301
  • Jun 1, 2009 8:33am Jun 1, 2009 8:33am
Quoting GodfreyH
Multi Time Frame MA_of_RSX for you all
4hr RSX below, sorry no color keying...would be more work and confusing I think.
Thanks Godfrey .. I compiled it but when I added to 4h chart, nothing shows up ...
******************* I'd rather make money than be right.
  • #180,302
  • Jun 1, 2009 8:42am Jun 1, 2009 8:42am
geppy short position taken @ 156.73 R2 4H chart. time stamp 13:42 GMT.
  • #180,303
  • Jun 1, 2009 8:42am Jun 1, 2009 8:42am
Can anyone explain fundaamentally what the heck is causing this pair to appreciate as it is. I get that the USD is in the crapper, but England is broke along with everyone else. What is it they are not as broke as some other country and what makes the GBP so valuable? Or is it just speculation and part of the buy and sell world
  • #180,304
  • Jun 1, 2009 8:49am Jun 1, 2009 8:49am
Quoting currencyexch
Can anyone explain fundaamentally what the heck is causing this pair to appreciate as it is. I get that the USD is in the crapper, but England is broke along with everyone else. What is it they are not as broke as some other country and what makes the GBP so valuable? Or is it just speculation and part of the buy and sell world
"irrational exuberance" right now ??

dow making its move toward 9k on the back of GM failure !
pound just following suit ...
  • #180,305
  • Jun 1, 2009 8:52am Jun 1, 2009 8:52am
Quoting currencyexch
Can anyone explain fundaamentally what the heck is causing this pair to appreciate as it is. I get that the USD is in the crapper, but England is broke along with everyone else. What is it they are not as broke as some other country and what makes the GBP so valuable? Or is it just speculation and part of the buy and sell world

right now bond yields are rising in the US . This is due to inflation concerns due to current action of the US. Typically when bond yields go up usd also goes up however inflation de values a currency .

Once again today we see the US bailing out GM .... investment is 70 billion in the new company. In order to do this they have to print more money or borrow. The us has a current debt load of 59 trillion. By 2010 the US debt load will be 100 % of GDP

There is talk all over the wires of inflation not being a concern. however a country cannot keep printing money and bailing out companies left right and centre with out inflation becoming a concern
Blogging daily now at www.volume.zone
  • #180,306
  • Jun 1, 2009 8:55am Jun 1, 2009 8:55am
Quoting malcolmb14
right now bond yields are rising in the US . This is due to inflation concerns due to current action of the US. Typically when bond yields go up usd also goes up however inflation de values a currency .

a concern

Thanks
INflations was not a concern of theirs as much as deflation but you are right the more money printed causes inflation but UK is doing their fair share of doing it also. Looks like time to short this thing anyway, due for some correction and profit taking
  • #180,307
  • Jun 1, 2009 9:02am Jun 1, 2009 9:02am
Quoting currencyexch
Thanks
INflations was not a concern of theirs as much as deflation but you are right the more money printed causes inflation but UK is doing their fair share of doing it also. Looks like time to short this thing anyway, due for some correction and profit taking

GUess I was wrong as usual on shorting this beast I might as well hit the casino
  • #180,308
  • Jun 1, 2009 9:02am Jun 1, 2009 9:02am
Quoting currencyexch
Can anyone explain fundaamentally what the heck is causing this pair to appreciate as it is. I get that the USD is in the crapper, but England is broke along with everyone else. What is it they are not as broke as some other country and what makes the GBP so valuable? Or is it just speculation and part of the buy and sell world
I would, but my posts get flagged and deleted so seems pointless really!
Ignorance, is blatantly, bliss.
  • #180,309
  • Jun 1, 2009 9:03am Jun 1, 2009 9:03am
wow this beast is head to daily r3, anyone dare to short there?
Buying Tops, Selling dips xP
  • #180,310
  • Jun 1, 2009 9:05am Jun 1, 2009 9:05am
Quoting Empyrium
wow this beast is head to daily r3, anyone dare to short there?

I thopught it would turn away at 157 and the thing burned me
  • #180,311
  • Jun 1, 2009 9:06am Jun 1, 2009 9:06am
Quoting Iphonetrader
well i shorted from near R1 will lock in pips fast on this trade looks like R3 ( 158 ) may be seen if this pair keeps getting stronger

1st TP is 155.15
2nd TP is 154.74
OK well close enough to 158 all longs closed looking to add shorts now
  • #180,312
  • Edited 9:19am Jun 1, 2009 9:08am | Edited 9:19am
I just shorted at 158.05
  • #180,313
  • Jun 1, 2009 9:11am Jun 1, 2009 9:11am
Think the big mover is usd/yen which usually goes up along with the Dow. Cable doing nothing lately. So keep the eye on usd/yen!
Perhaps this is the shake out move in gbp/yen? How is VSA at the moment? Anyone?
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  • #180,314
  • Jun 1, 2009 9:11am Jun 1, 2009 9:11am
Quoting Empyrium
wow this beast is head to daily r3, anyone dare to short there?

You first.
******************* I'd rather make money than be right.
  • #180,315
  • Jun 1, 2009 9:12am Jun 1, 2009 9:12am
What the reason for the shorts? Just for the hell of it, kinda like the opposite of a dead cat bounce? This thing could just crusie to the daily UTL at 160.00. God knows it has enought rocket fuel on board, ut a wave is in order
  • #180,316
  • Jun 1, 2009 9:15am Jun 1, 2009 9:15am
Quoting Iphonetrader
OK well close enough to 158 all longs closed looking to add shorts now

no hedging allowed .. you say short with target 154 and next post ...' all longs closed 158 ' . ?????

this is what this thread is coming to .. this is BS
Blogging daily now at www.volume.zone
  • #180,317
  • Jun 1, 2009 9:18am Jun 1, 2009 9:18am
right now gj is tracking ES ... ES is on a tear and fast approaching 950 ,. Those trying to sell gj right now may well get their rears handed to them .

I missed entry on gj as got up late and missed move off 155.6

I did manage a couple of trades on GU.

Very frustrating when you miss a 240 pip move , but that is life . Another trade is just around the corner
Blogging daily now at www.volume.zone
  • #180,318
  • Jun 1, 2009 9:19am Jun 1, 2009 9:19am
Nothing is stopping it from climbing up, it is going up as if it won't go up again
  • #180,319
  • Jun 1, 2009 9:20am Jun 1, 2009 9:20am
500 pipp move this soon, somethong much bigger going on and it killing me acct
  • #180,320
  • Jun 1, 2009 9:20am Jun 1, 2009 9:20am
2nd SL hit...mmm...am losing almost -500pips today...see how my new short from 158 with Sl 158.50..what happen tomorrow...but 900 tanking is on the way...happy green pips to all...
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