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

  • #198,701
  • Sep 17, 2009 10:59pm Sep 17, 2009 10:59pm
good. it was about time. i'm long usd, i know it's worth it.

Quoting rgitt05
Sept. 18 (Bloomberg) -- The pound fell to a one-week low against the dollar after the Daily Telegraph said Lloyds Banking Group Plc failed to raise enough capital to meet Financial Service Authority requirements.


The dollar strengthened against 15 of its 16 major counterparts as the Telegraph, without citing anyone, said Lloyds has been forced to abandon a move to withdraw from the U.K. government’s asset protection plan. New Zealand’s dollar headed for a 10th-consecutive week of advances, matching the record winning streak ending in May 1999,...
Nihil Sine Deo.
  • #198,702
  • Sep 17, 2009 11:16pm Sep 17, 2009 11:16pm
Quoting rgitt05
You are right it boring without bull traders.Where is msniper?

hehe i am still bull but now a bear for some time until we reach 146.70 to 147.50 area
  • #198,703
  • Sep 17, 2009 11:26pm Sep 17, 2009 11:26pm
What happen to EW?

Quoting msniper
hehe i am still bull but now a bear for some time until we reach 146.70 to 147.50 area
[
  • #198,704
  • Sep 17, 2009 11:35pm Sep 17, 2009 11:35pm
Quoting rgitt05
What happen to EW?
Ew alive over here

5 wave count on 60 min short gu into 1/6280
Blogging daily now at www.volume.zone
  • #198,705
  • Sep 17, 2009 11:49pm Sep 17, 2009 11:49pm
here is EW

i found out few mistakes in my old chart but its very small mistakes and doesn't change the direction for going down for some time

if i am not mistaken i think we are at the last 5th wave. i wil count every 12 hours to see if we finesh any major waves because small waves are for scalping and might confuse your big picture

i think we will have the bounce that i am waiting for around 147.4x to 146.7x

i will be buying GJ between those area and my SL will be less than 100 pips which is 146

once we break 146 no more long for GJ i will be bearish all the way

i will be updating the analysis when its needed
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  • #198,706
  • Edited 12:52am Sep 18, 2009 12:50am | Edited 12:52am
Cable under heavy selling pressure, as traders focus on report that Cable may be the next funding/ carry trade currency. Stoploss hit below 1.6400 handle to 1-week lows of 1.6387, down from NY close of 1.6455, as US houses/ UK clearers sold, while EUR/GBP spiked up to fresh 4-month highs of 0.89745, up from 0.89605 from NY close, to its highest level since May 14 high of 0.9007. WSJ: The U.K. pound could be turning into one of the currencies that FX traders love to hate. The role of "funding currency," at it is known in the markets, had belonged primarily to the Japanese yen in recent years. Investors would take advantage of low Japanese interest rates to borrow yen and invest in currencies such as the AUD, NZD which are linked to higher interest rates and thus offer higher yields. On FX, interest still to buy EUR/GBP for break of key 0.90 barriers. WL

18 Sep 09: 01:37 GMT (SGA) - FX NOW! EUR/GBP, GBP/USD Flows - EUR/GBP 4-m high; Lloyds scheme fails FSA stress tests. Cable also weighed by "more negative" press; apart from report that Cable could be next funding currency. UK Telegraph: Lloyds Banking Group has been forced to abandon its plan to withdraw from the Government's toxic debt insurance scheme after failing to raise enough capital to meet the FSA's strict requirements. The decision dashes the hopes of Eric Daniels, chief executive, who wanted a wholesale exit from the asset protection scheme (APS) to prevent the taxpayer's stake in the bank rising above 43% and limit the scale of state-aid remedies threatened by European regulators. On FX, GBP support at 1.6350-60, while EUR/GBP buying to fresh 4-m highs of 0.8975 putting pressure on Cable, EUR/GBP eye break of key 0.9000 today, with UK clearers, Europeans buying. WL

Quoting msniper
here is EW

i found out few mistakes in my old chart but its very small mistakes and doesn't change the direction for going down for some time

if i am not mistaken i think we are at the last 5th wave. i wil count every 12 hours to see if we finesh any major waves because small waves are for scalping and might confuse your big picture

i think we will have the bounce that i am waiting for around 147.4x to 146.7x

i will be buying GJ between those area and my SL will be less than 100 pips which is 146

once we break 146 no more long...
  • #198,707
  • Sep 18, 2009 1:06am Sep 18, 2009 1:06am
Well luck like 148 is there in few hours...will see
  • #198,708
  • Sep 18, 2009 1:08am Sep 18, 2009 1:08am
Cramer, while usually spewing off multiple BS calls that cause retail investors to lose out, generally speaks with explanations that make it seem like he knows his stuff. Which is why i found his most recent call bizarrely confusing.

He says inflation is coming big time

Time to

1. Sell treasuries - economy on road to recovery
2. Sell more treasuries - Fed QE will jack up yields (which means strong recovery WTF?)
3. Buy high dividend yield stocks - some risk, attractive income
4. Reduce money market funds - not safe. no more FDIC backing
5. Buy shitloads of FDIC backed CDs.

HUH??? on the one hand, sell treasuries, markets recovering, economic rebound. blah blah blah. on the other - you need heavy FDIC backing in CD coz the rest of the market is crap.

Hear that guys. Sell Treasuries Buy CD's and the money market is shit.

WTF is this? a fully hedged portfolio guaranteed to lock up you money until the maturity period and nothing else.

Link: http://www.cnbc.com/id/32904410
  • #198,709
  • Sep 18, 2009 1:25am Sep 18, 2009 1:25am
target aud/usd / within 15min 0.8670 / if not,then i will not trade for a week
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #198,710
  • Sep 18, 2009 1:39am Sep 18, 2009 1:39am
Quoting Eulogy
Cramer, while usually spewing off multiple BS calls that cause retail investors to lose out, generally speaks with explanations that make it seem like he knows his stuff. Which is why i found his most recent call bizarrely confusing.

He says inflation is coming big time

Time to

1. Sell treasuries - economy on road to recovery
2. Sell more treasuries - Fed QE will jack up yields (which means strong recovery WTF?)
3. Buy high dividend yield stocks - some risk, attractive income
4. Reduce money market funds - not safe. no more FDIC backing
5....
ROFL!!!

If the market is in recovery mode, why buy lagging dividend stocks that are defensive?

CD's are exactly the same as treasuries too...

geez, maybe if i put on a bald cap and roll up my sleezes i can get a show too
  • #198,711
  • Sep 18, 2009 1:46am Sep 18, 2009 1:46am
Quoting Raza
149.09 is another place to try... long...Dangerous as it is... Lets See

Looks like its losing its MOJO... Come and eat my Stop...
  • #198,712
  • Sep 18, 2009 1:47am Sep 18, 2009 1:47am
I have a buy order in at 148.60. daily s-2 and previous low. hopefully we'll see a bounce
  • #198,713
  • Sep 18, 2009 1:51am Sep 18, 2009 1:51am
Quoting Opium
I have a buy order in at 148.60. daily s-2 and previous low. hopefully we'll see a bounce
better now before late
  • #198,714
  • Sep 18, 2009 1:52am Sep 18, 2009 1:52am
Saw bullish divergence in 15M, still incomplete, might go up for 40pips from 148.80 to 149.20-149.40 area. Any comments bull fans ???

nb will appreciate comments here
  • #198,715
  • Sep 18, 2009 2:02am Sep 18, 2009 2:02am
Quoting Opium
I have a buy order in at 148.60. daily s-2 and previous low. hopefully we'll see a bounce
i was looking at the same thing

think this could reverse for london
  • #198,716
  • Edited 2:26am Sep 18, 2009 2:15am | Edited 2:26am
Quoting grashid


was a Bad long...IF THIS 15M.. Shampoo plays out which it is playing..we should see148.38-- 148.10..147.73.. if we dont have a Bounce at

148.60...looks like we wont.. It will be FAST AND fURIOUS ACTION at this 4HR CLOSE.. RSI is going Crazy..

I would not try to even scalp long Here. not till 148.00

G/J on a Mission Before Friday N/Y open.
Markets are not Random, they are designed!
  • #198,717
  • Edited 2:24am Sep 18, 2009 2:18am | Edited 2:24am
Quoting Raza
was a Bad long...IF THIS 15M.. Shampoo plays out which it is playing..we should see 148.10.. if we dont have a Bounce at 148.60...looks like we wont.. RSI is going Crazy..

G/J on a Mission Before Friday N/Y open.
..worried she goes to 146.20..but am on leave...
Anyway why worries...long is safe atm (my personal view and perhaps going bck to 152-152.50 area)
Ok la mate see u then on Sept 28...Safe trade and Good luck
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  • #198,718
  • Sep 18, 2009 2:23am Sep 18, 2009 2:23am
Quoting grashid
..worried she goes to 146.20..but am on leave...
Anyway why worries...long is safe atm (my personal view and perhaps going bck to 152-152.50 area)
Ok la mate see u then on Sept 28...Safe trade and Good luck

See you soon...
Markets are not Random, they are designed!
  • #198,719
  • Sep 18, 2009 2:27am Sep 18, 2009 2:27am
Goodfriday......my name is Friday so i am giving ya Free easy pips.............hope u all enjoy the ride, GU, GJ,...nice trade today and sweet.....
MY OPINION NOT FINANCIAL ADVISE
  • #198,720
  • Sep 18, 2009 2:29am Sep 18, 2009 2:29am
Quoting raza
see you soon...

selamat hari raya rashid!
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