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

  • #186,861
  • Jul 31, 2009 11:23am Jul 31, 2009 11:23am
Quoting england33
If I don't post again this week have a good weekend. See you on monday guys.. ladies? lol..
see ya mate , enjoy ur weekend
  • #186,862
  • Jul 31, 2009 11:30am Jul 31, 2009 11:30am
Quoting grashid
I saw 158.20/30 also possible right?
..me undecision till NFP...Good Luck all and Happy Weekend
  • #186,863
  • Jul 31, 2009 11:36am Jul 31, 2009 11:36am
do yall think its going to touch the 156.xxx anytime next week i had believed it was going to go down but i turned out to be worng so im kind stuck in a short i have enough to hold but i dont want it to move to much more against me ?????
  • #186,864
  • Jul 31, 2009 11:36am Jul 31, 2009 11:36am
warta grashid,
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #186,865
  • Jul 31, 2009 11:42am Jul 31, 2009 11:42am
Scrat/Piters, if you dont mind, what is your assessment of G/Y as we go into August? Thank you
  • #186,866
  • Jul 31, 2009 11:52am Jul 31, 2009 11:52am
http://www.cnbc.com/id/15840232?video=1201208469&play=1


Nice

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  • #186,867
  • Jul 31, 2009 11:53am Jul 31, 2009 11:53am
Quoting bluemax
Scrat/Piters, if you dont mind, what is your assessment of G/Y as we go into August? Thank you

tough as I was of opinion that markets would drop ... but looking at daily here it seems that all dips being bought and at least test 162.50 is on the cards.


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  • #186,868
  • Jul 31, 2009 11:53am Jul 31, 2009 11:53am
Quoting arezab
How is things buddies

Daily and weekly are very bullish but on the other hand very OB too.

Market showed a nice bear pressure last month but this is a bounce off 38.2 weekly fib retrace. Now if we pass 160.25 I'll expect a double top at 162.60 or may be a false breakout to 163.00 and then really Down but generally I believe the downtrend continuation has already started a month ago and this time I'll target around 139 - 140 as next stop on the way down.

This could be a test up or mark up or whatever it's name is (malcolm you say )...

nice to see u again..long time
MY OPINION NOT FINANCIAL ADVISE
  • #186,869
  • Jul 31, 2009 11:58am Jul 31, 2009 11:58am
Quoting rgitt05
http://www.cnbc.com/id/15840232?video=1201208469&play=1


Nice

lol.. media has been saying crazy things lately.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #186,870
  • Jul 31, 2009 12:00pm Jul 31, 2009 12:00pm
they were pumping that equities rally yesterday hrs after the close even though aft hrs was down and lost something like 50% of the move.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #186,871
  • Jul 31, 2009 12:03pm Jul 31, 2009 12:03pm
I don't care what they do with the media bias.. Pump it up all the way to my 167.00 TP first before letting go the BS rally.




Quoting england33
they were pumping that equities rally yesterday hrs after the close even though aft hrs was down and lost something like 50% of the move.
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  • #186,872
  • Jul 31, 2009 12:09pm Jul 31, 2009 12:09pm
Quoting rgitt05
I don't care what they do with the media bias.. Pump it up all the way to my 167.00 TP first before letting go the BS rally.

either way.. i don't care what the media does either.
just make me laugh that they would still be talking about the rally while it collapses in after hours.. most times i turn the crap off unless i'm bored.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #186,873
  • Edited 12:22pm Jul 31, 2009 12:12pm | Edited 12:22pm
They are called " Market Makers"

Pump it up please...I need some Price Action..




Quoting england33
either way.. i don't care what the media does either.
just make me laugh that they would still be talking about the rally while it collapses in after hours.. most times i turn the crap off unless i'm bored.
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  • #186,874
  • Jul 31, 2009 12:15pm Jul 31, 2009 12:15pm
no doubt rgitt05 and in fact i'm loving this action. I hope it stays like this as a matter of fact and if they can pump up a bull market I wouldn't be complaining. only thing i'm worried about is inflation taking a big toll on the economy where we wouldn't have much market.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #186,875
  • Jul 31, 2009 12:18pm Jul 31, 2009 12:18pm
its month end and friday afternoon so cant trust any up move too much today, could tank it right back down on monday when month end is out of the way, i hope
  • #186,876
  • Jul 31, 2009 12:28pm Jul 31, 2009 12:28pm
Based on my last chart post..The bias is bullish for next month..

Minor PB's but I expect another month rally since DJ is above the 9,000 and the market is saying the GDP is better than first quarter.. If the feds plan another stimulus, than another big rally is around corner..

Anyway, the daily UTL is broken, the minor weekly UTL is broken, the monthly maybe be the factor for next month if it close as a pin bar or doji candle..

2.5 hrs to go for any good PA...

The last hour will tell how this month will end..

My bias is bullish all the way..

Don't follow me, trade your charts..




Quoting ewokuk
its month end and friday afternoon so cant trust any up move too much today, could tank it right back down on monday when month end is out of the way, i hope
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  • #186,877
  • Jul 31, 2009 12:34pm Jul 31, 2009 12:34pm
dont you mean drop like a rock if the feds plan another stimulus? they have already spent huge on it, if they announce another (dont think they will anyway) then they are admitting the previous was either not enough or hasnt worked, and itll drop like theres no tomorrow.
  • #186,878
  • Jul 31, 2009 12:38pm Jul 31, 2009 12:38pm
Follow the GJ charts since Jan. 09 this year and the GJ never look back at the lows..So any stimulate news the feds are creating is good for the pump to the 10,000-12,000 mark the market is targeting





Quoting ewokuk
dont you mean drop like a rock if the feds plan another stimulus? they have already spent huge on it, if they announce another (dont think they will anyway) then they are admitting the previous was either not enough or hasnt worked, and itll drop like theres no tomorrow.
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  • #186,879
  • Jul 31, 2009 12:38pm Jul 31, 2009 12:38pm
Quoting ewokuk
dont you mean drop like a rock if the feds plan another stimulus? they have already spent huge on it, if they announce another (dont think they will anyway) then they are admitting the previous was either not enough or hasnt worked, and itll drop like theres no tomorrow.
Theoretically you are more than right but.......you might remember Dick Cheney who once said "Debt don't matter". Since than it became the general paradign!
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  • #186,880
  • Jul 31, 2009 12:38pm Jul 31, 2009 12:38pm
Quoting england33
no doubt rgitt05 and in fact i'm loving this action. I hope it stays like this as a matter of fact and if they can pump up a bull market I wouldn't be complaining. only thing i'm worried about is inflation taking a big toll on the economy where we wouldn't have much market.
i love it too...just trade what i see catching some piips..i've been expecting this PA this week base on my weekend analysis, but this game work with patience.
i will keep that in my head..patience ....c ya next week friends..
MY OPINION NOT FINANCIAL ADVISE
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