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

  • #183,001
  • Jun 24, 2009 6:34am Jun 24, 2009 6:34am
Quoting dvdsurplus
I know it's not GPB/JPY related but... check out USD/CHF... it's going nuts... any reasons why?
if recession is still on then USD should rise up
  • #183,002
  • Jun 24, 2009 6:35am Jun 24, 2009 6:35am
I will open short when the close price below 157.4X (fib 61.8). target 154.5X.
What do you think?
  • #183,003
  • Jun 24, 2009 6:38am Jun 24, 2009 6:38am
Pay special attention to US news coming out soon.
  • #183,004
  • Jun 24, 2009 6:41am Jun 24, 2009 6:41am
Quoting dvdsurplus
Pay special attention to US news coming out soon.
Mervyn King talking to the commons select committee at 2.30pm BST. He has a remarkable habit of causing Sterling to weaken whenever he speaks.
  • #183,005
  • Jun 24, 2009 6:42am Jun 24, 2009 6:42am
Quoting dvdsurplus
I know it's not GPB/JPY related but... check out USD/CHF... it's going nuts... any reasons why?
It is most probably driven by the aggressive bidding in EUR/CHF. According to the news, BIS (Bank of International Settlements) has so far bought over 3Billion Euros on behalf of the SNB !
  • #183,006
  • Jun 24, 2009 6:43am Jun 24, 2009 6:43am
Quoting metlife777
if recession is still on then USD should rise up
not against the yen and swiss it shouldn't. I'm suspecting interventionalist talks again from the SNB but i don't see that on any news thread.
  • #183,007
  • Jun 24, 2009 6:51am Jun 24, 2009 6:51am
Quoting ukdaytrader
Mervyn King talking to the commons select committee at 2.30pm BST. He has a remarkable habit of causing Sterling to weaken whenever he speaks.
It shall be an interesting day.
  • #183,008
  • Jun 24, 2009 6:51am Jun 24, 2009 6:51am
Quoting Eulogy
not against the yen and swiss it shouldn't. I'm suspecting interventionalist talks again from the SNB but i don't see that on any news thread.
SWISSIE: BIS declines to comment on any form of buying on behalf of the SNB. This is confirmation enough for us of intervention.

FOMC: Suspected SNB intervention has sparked volatility across several pairs as we may be seeing traders making their bets ahead of FOMC Dec

SNB: DECLINES TO TALK ON PRICE ACTION AND SPECULATION OF INTERVENTION.

All found at http://forexstream.dailyfx.com/
  • #183,009
  • Jun 24, 2009 6:52am Jun 24, 2009 6:52am
Quoting Eulogy
not against the yen and swiss it shouldn't. I'm suspecting interventionalist talks again from the SNB but i don't see that on any news thread.
during severe recession the monetary authority fights with deflation risk and the usual way is to swap a huge newly printed amount of USD with JPY and that is why JPY shall usually raise up against USD;
CHF is usually considered as currency, which equals to Gold; so Gold in deflation shall fall as well as CHF
  • #183,010
  • Jun 24, 2009 7:00am Jun 24, 2009 7:00am
Quoting janela
SWISSIE: BIS declines to comment on any form of buying on behalf of the SNB. This is confirmation enough for us of intervention.

FOMC: Suspected SNB intervention has sparked volatility across several pairs as we may be seeing traders making their bets ahead of FOMC Dec

SNB: DECLINES TO TALK ON PRICE ACTION AND SPECULATION OF INTERVENTION.

All found at http://forexstream.dailyfx.com/
Also:

Forex: USD/CHF jumps to 1.0900 on aggressive BIS intervention

Wed, Jun 24 2009, 11:50 GMT
http://www.fxstreet.com
FXstreet.com (Barcelona) - USD/CHF has risen 250 pips in the last hour from 1.0650 to post fresh 1-week high at 1.0907 on aggressive BIS intervention. Pair is rising 1.50% so far today from opening price to the current 1.0850/70. EUR/CHF has soared around 275 pips in the last hour to post fresh 2-month high at 1.5287.

During the current week, USD/CHF has been following the EUR/CHF relation to approach to the 1.5000 key intervention level, as Valeria Bednarik says in her yesterday's Daily Wrap Up Webinar at 22:30 GMT at FXstreet.com. Currently, BIS is bidding the cross that rose almost 280 pips in an hour to the 2-month high.

USD/CHF rose to 1.0900 dragging down EUR/USD to 1.4000 level. Both, Swis Both, Swissy and Euro are correcting from intraday lows against greenback but the perspective pre FOMC has changed in this two pairs.

According to Valeria Bednarik, FXstreet.com collaborator: "USD/CHF regained the upside, quoting barely under the 1.0900 level after BIS intervention, and despite exhausted is smaller time frames, pair remains hovering around yesterday's high. Downside correction, if contained by 1.0840 zone is expected before a new up leg, that will find resistances at 1.0910 and the key 1.0950 congestion zone. Clear movements above that level, will signal more bullish bias in the term. Under 1.0840, supports today lie at 1.0805 and the 1.0770 zone."


Source: http://www.fxstreet.com/news/forex-n...6-4640158d9593
  • #183,011
  • Jun 24, 2009 7:38am Jun 24, 2009 7:38am
Quoting chart artist
If price on 4 hr. chart closes above 157.30 I will take a buy trade on GBP/JPY.
Stop Loss at 156.30.

two targets for profits 158.30 for half and 159.30 for the second half.

When first target is achieved, then I will move stop loss into profit.
I am moving stop into profit @ 157.50.
  • #183,012
  • Jun 24, 2009 8:12am Jun 24, 2009 8:12am
Chart Artist,

Thankyou for explaining the BB bands last night, I put it on a chart and the middle line is the same as a 14 sma. I'm glad its helping you make money.
  • #183,013
  • Jun 24, 2009 8:16am Jun 24, 2009 8:16am
Quoting malcolmb14
only longs for me capt ......156,50 lower value yesterday , we been in there more than 30 min ... so no selling for me. picked up on dip 156.4 for move to 157
lol..hmm..took 40+pips on that one last night..left th rest for the hyenas...HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
  • #183,014
  • Jun 24, 2009 8:45am Jun 24, 2009 8:45am
do BOE Fisher & Barker helping a third wave?
  • #183,015
  • Jun 24, 2009 9:00am Jun 24, 2009 9:00am
ES testing 900 again, while GY falls.

ES has to follow GY down if we're to see tankage IMO. Short term bias on GY is still long for me.
  • #183,016
  • Jun 24, 2009 9:09am Jun 24, 2009 9:09am
Quoting ukdaytrader
ES testing 900 again, while GY falls.

ES has to follow GY down if we're to see tankage IMO. Short term bias on GY is still long for me.
as my sell limit just playing...
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  • #183,017
  • Jun 24, 2009 9:27am Jun 24, 2009 9:27am
Quoting Dat7447
do BOE Fisher & Barker helping a third wave?
Dont forget Mr Bean
  • #183,018
  • Jun 24, 2009 10:47am Jun 24, 2009 10:47am
Quoting donfriday
the fractal on 1hr is breakout fractal possible to test 159-160 again on the 4hrs valid 2 fractal for the point 3. then 4hrs will form the last fractal to tell if we break it or we go back down..market can do what it like but this only give a clue of what to expect..i am looking for sell at 159 sl 50 pips and another sell at 160 sl at 50 pips a break of this positions will tell us if we are testing 162 again and if it happen we can break it ..i am sure of that..
trade ur chart.

I am away from charts dont know the price..sounds like its going up?

its good to make money when you are away!! later folks.
Markets are not Random, they are designed!
  • #183,019
  • Jun 24, 2009 11:03am Jun 24, 2009 11:03am
Quoting Raza
I am away from charts dont know the price..sounds like its going up?

its good to make money when you are away!! later folks.

right now we need to wait for the news to come..i dont trade news anyway but it look like we heading back down if we dont break the 4hrs trendline
.....here is my chart .......i was thinking of sending u a mail and just notice u post me on thread...how was ur trip and mom? Allah will protect her to survive the operation....
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #183,020
  • Jun 24, 2009 1:41pm Jun 24, 2009 1:41pm
Quoting malcolmb14
sorry .

I have to pick this up. Divergence is good yes but without divergence price will not go anywhere.

I have never heard such nonsense !!!

buyers and sellers make price go places ....

I agree with you thopugh diveregences on higher time frames (15 and up) are awesome for spotting potential trade set ups
If.. Everything is nonsense...Then what is NOT.??? Ofcourse buyers and sellers( i.e market makers to me) takes the prices wherever. Without them would you have Divergence??.. But on Low volume prices can go UP!! so Vsa analysis are very accurate...lol as far as FOREX is concerned..

VSA.. that does not work either ( low and high volume crap). Price does what it has to do.(Then you label that as Manupulation.. or whatever you wanna call it)

So what DOES work ??? I am considering a CRYSTAL BALL implant!!!
Markets are not Random, they are designed!
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