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

another exciting asian session ......yawn

Orion is going to tell us jokes the rest of the session

HEADS up!!

Tomorrow is Tripple witching....High Volatility is expected.. option expiry...also...Quarter END.

I am Happy found VT TRADER FOR United Kingdom... Where every thing is the same as Good OL Days...Hedging...Leverage 400:1

Short till 147...?? lol...

So it will go down below 148.90 ? I will really need that, has got 1 position of short stuck there. my own target for this down move is 148.50, 20 pips away from your analysis. But feel glad that it might go down because i really don't want to hedge anymore, but anyway i got 90 pips from the long hedging

So whatch the daily chart for a good hour (Just until your brain starts to ooze out of your ears). The quickly swap it over to the M1 chart and pretend you are looking at a daily chart.

I wouldn't suggest trading it, but it feels like action heh.

.....

BANNED FROM WAL-MART...

This is why women should not take men shopping against their will.

After I retired, my wife insisted that I accompany her
on her trips to Wal-Mart. Unfortunately, like most men, I
found shopping boring and preferred to get in and get
out.
Equally unfortunately, my wife is like most women she loved to
browse.Yesterday my dear wife received the following letter
from the local Wal-Mart:

Dear Mrs. Gilbert

Over the past six months, your husband has been
causing quite a commotion in our store. We cannot
tolerate this behavior and have been forced to ban both of you from the store. Our complaints against Mr. Gilbert are listed below
and are documented by our video surveillance cameras .

1. June 15: Took 24 boxes of condoms and randomly put them in people's carts when they weren't looking.
2. July 2: Set all the alarm clocks in Housewares to go off at 5-minute intervals.
3. July 7: Made a trail of tomato juice on the floor leading to the women's restroom.
4 July 19: Walked up to an employee and told her in an official voice, 'Code 3 in Housewares. Get on it right away.'
5. August 4: Went to the Service Desk and tried to put a bag of M&M's on lay away.
6. August 14: Moved a 'CAUTION - WET FLOOR' sign to a
carpeted area.
7. August 15: Set up a tent in the camping department
and told other shoppers he'd invite them in if they would bring pillows and blankets from the bedding department.
8. August 23: When a clerk asked if they could help him he began crying and screamed, 'Why can't you people just leave me alone?'
9. September 4: Looked right into the security camera and used it as a mirror while he picked his nose.
10. September 10: While handling guns in the hunting department, he asked the clerk where the antidepressants were.
11. October 3: Darted around the store suspiciously while loudly humming the ' Mission Impossible' theme.
12.. October 6: In the auto department, he practiced his 'Madonna look' by using different sizes of funnels.
13. October 18: Hid in a clothing rack and when people browsed through yelled, 'PICK ME! PICK ME!'
14. October 21: When an announcement came over the loud speaker, he assumed a fetal position and screamed, 'OH NO! IT'S THOSE VOICES AGAIN!'

And last, but not least....
15. October 23: Went into a fitting room, shut the door, waited awhile, then yelled very loudly,'Hey! There's no toilet paper in here!'

Sincerely,
Wal-Mart

certainly he was familiar with Robert Anton Wilson's books.

RG tears buddy

by Bryan Rich

Many governments are warning about the risks that may undermine economic recovery. And a lot of that concern is surrounding the value of their currency.

Since March, most currencies have risen sharply against the U.S. dollar. As investor appetite for risk has progressively improved, there has been less demand for the safe haven value of holding dollars and more demand for higher risk/higher return foreign currency denominated investments.

This bounce-back in currencies was a welcome sign at first because it was a testament to improving sentiment and outlook for the prospects of recovery. But too much of a good thing can turn into a bad thing.

And that's especially true for countries that are heavily dependent upon exporting. A stronger currency makes their products more expensive to foreign buyers. The additional hurdle of a rising currency combined with an already weak global demand environment can deliver a crushing blow to a fragile economy.

That's what government officials are concerned about. And that's why speculation of official intervention in the currency markets is becoming a hot topic.

Mounting Talk of Intervention

Since March, the Swiss franc has climbed 13 percent, the Canadian dollar has risen 18 percent, the Brazilian real has jumped 32 percent, the Australian dollar has soared 35 percent and the New Zealand dollar has vaulted 41 percent.

A rapid move in a currency is a trigger for intervention speculation. That's because it gets to the heart of why governments intervene. They believe that the value of their currency on a relative basis becomes inconsistent with economic fundamentals. And that can become a threat to competitiveness.

And that's what we're seeing now.


Since March, most currencies have risen sharply against the U.S. dollar — triggering talk of intervention.

The Reserve Bank of New Zealand describes the recent strength of the New Zealand dollar as an "indiscriminate rush back into risk-taking" and says the rise in its currency is "larger than can be justified on the basis of developments in the outlook for the New Zealand economy."

The Bank of Canada and the Canadian Finance minister have said that a stronger Canadian dollar was a major risk to economic growth. And the Canadian finance minister has signaled that steps might be taken to dampen the volatility in their currency.

And the Swiss National Bank is well beyond verbal threats. They've already stepped in to push the value of the Swiss franc lower on two occasions this year — selling Swiss francs and buying euros and U.S. dollars. This is after going nearly 17 years without independently intervening in the global currency markets.

All of these efforts, whether verbal or actual intervention, are attempts to reverse the tide of currencies. Or at minimum, slow the pace.

Why? Because ...

Export Economies Need a Weak Currency

While export-driven economies enjoyed prosperity in the global credit boom, those economies also became more and more one-dimensional. The U.S. became more engrossed in consumption and content with importing final goods rather than producing them. And the rest of the world noticed the hyperbolic growth they could achieve by ramping up capacity to export more and more goods.

But within this budding government-manufactured recovery taking place around the globe, there is little evidence that structural adjustments are being made to bridge government-led growth to a sufficiently robust and sustainable private-led growth. In fact, there's a reliance on the same liquidity game and export dependent economic models that created the whole mess. That's why strengthening currencies are being fought by these economies that are hoping to export their way to recovery.


Export-driven economies enjoyed prosperity in the global credit boom, but are now facing new challenges as the U.S. consumer saves more and spends less.

But There Is a Critical Missing Ingredient ...

The U.S. consumer has retrenched. And this is where the problem lies — and where the next phase of this crisis will likely come to roost. The U.S. consumer is repairing his balance sheet — saving more, spending less.

The easy credit days that induced the consumption boom from U.S. consumers has dried up. In fact, the scarce credit that is available is, by and large, being shunned by the consumer. It's clear that consumer attitudes have been damaged. And it's glaringly evident in the credit report released by the Fed this week.

While the extent of this fall in credit was largely ignored by the media, take a look at this chart to see from a historical perspective just how dramatic this drop really is ...

Bottom line: Considering the fragile nature of economies, the rapid rise in currencies over the past six months could easily derail recovery, weak or strong, before it ever materializes for many export centric economies. And the significance of this threat creates an environment where currency intervention becomes an increasingly probable scenario.

IMHO, GU will lead in the tug a war for GJ downward direction if the H & S is form during London time..UJ is still consolidating for a big selloff maybe tomorrow..

IMHO



146 and 141 is getting closer everyday..

GJ, GU - Bearish Mode. As I mentioned earlier, Today daily GJ close below daily pivot + 5 MA.

Next - EU (H4, Daily and Weekly - OB)

Who said forex is boring? There will be major PA soon...Kaboom

It is boring when you join Bull Fans

No, it really is getting boring. I've been trading the Japan 225 tracker on M5/M15 during Tokyo and having much better results.

In fact, I might even try the FTSE 100 tracker tonight on London.

You are right it boring without bull traders.Where is msniper?

http://www.forexfactory.com/showthre...76#post3069176

149.33 needs to break..

OK Broken...

silver is rocking these days