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

  • #199,281
  • Sep 22, 2009 9:16am Sep 22, 2009 9:16am
The next event to watch for is the US Treasury 2-year note auction up at 1pm ET… The prior three auctions saw an average bid/cover of 2.87 while indirect bidders (foreign central banks) took about 50% of the offering. Results below these would suggest weaker demand for US government paper and should see EUR/USD squeeze higher. Better than expected results would be US dollar positive at the margin.
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  • #199,282
  • Sep 22, 2009 9:17am Sep 22, 2009 9:17am
Quoting 5ysfx
this make perfect sense now
161.8% of last correction move achieved
possible stoch rejection from OB area
bearish div is building on h3 and daily

although after small/flat correction might run toward 261.8%
bounce off expected from emas below and there is a lot of these craps
anyway good R:R here
I'm boring with this fibber b/s, when it's going to tanking, just hell is the bottom
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #199,283
  • Sep 22, 2009 9:21am Sep 22, 2009 9:21am
Patience my friend..FOMC is the reason for the consolidation that will give bias for the overall direction wednesday 2:15pm ET

Anyway, wait for 1pm bond auction for some PA..



Quoting JhonMonsalve
I'm boring with this fibber b/s, when it's going to tanking, just hell is the bottom
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  • #199,284
  • Sep 22, 2009 9:24am Sep 22, 2009 9:24am
Quoting rgitt05
Patience my friend..FOMC is the reason for the consolidation that will give bias for the overall direction wednesday 2:15pm ET

Anyway, wait for 1pm bond auction for some PA..

I hope so rg, Geppy is making me nervous, unable to close above 1.49, and cable is on/near to the top now :s

"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #199,285
  • Sep 22, 2009 9:37am Sep 22, 2009 9:37am
Quoting rgitt05
Patience my friend..FOMC is the reason for the consolidation that will give bias for the overall direction wednesday 2:15pm ET

Anyway, wait for 1pm bond auction for some PA..

fomc will shake thing lose with a bit of luck , also we have not seen most of Asia online this week

when in doubt on gj just trade gold lol ... it has been insane again overnight
Blogging daily now at www.volume.zone
  • #199,286
  • Sep 22, 2009 9:42am Sep 22, 2009 9:42am
I am loading up on gold anyway..




Quoting malcolmb14
fomc will shake thing lose with a bit of luck , also we have not seen most of Asia online this week

when in doubt on gj just trade gold lol ... it has been insane again overnight
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  • #199,287
  • Sep 22, 2009 9:47am Sep 22, 2009 9:47am
It looks like the GJ is running out of steam...

1pm auction bond should help the GJ to drop..

the 15tf is still in the down channel and holding below the 149.50 zone

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  • #199,288
  • Sep 22, 2009 10:23am Sep 22, 2009 10:23am
Quoting rgitt05
I am loading up on gold anyway..

i hope u r wrong on this and we will see double top formation
i d like to see silver below 5$/oz again
  • #199,289
  • Sep 22, 2009 10:26am Sep 22, 2009 10:26am
I bought gold months ago for long term..I will only close out if the high is rejected



Quoting 5ysfx
i hope u r wrong on this and we will see double top formation
i d like to see silver below 5$/oz again
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  • #199,290
  • Sep 22, 2009 10:48am Sep 22, 2009 10:48am
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  • #199,291
  • Sep 22, 2009 10:49am Sep 22, 2009 10:49am
Quoting rgitt05
I am loading up on gold anyway..

yeah I'm long gold to from 972 targeting 1300. It looks really bullish from a technical perspective and the fundamentals are there. However, I'm curious what the effects will be when we finally get a market correction which should drive up the dollar pushing the demand for safe haven assets and possibly weaken gold according to its inverse relationship.
  • #199,292
  • Sep 22, 2009 10:51am Sep 22, 2009 10:51am
well my 151 doesnt seem reasonalbe achievement by EOD given the current tight range we follow, maybe if someone lights a fire under her a$$.
"Millionaires don't use astrology, billionaires do"
  • #199,293
  • Sep 22, 2009 11:21am Sep 22, 2009 11:21am
The correlation with the market and currency are not the same like last year as well the VIX..

I only trade the charts now



Quoting Maxsmart
yeah I'm long gold to from 972 targeting 1300. It looks really bullish from a technical perspective and the fundamentals are there. However, I'm curious what the effects will be when we finally get a market correction which should drive up the dollar pushing the demand for safe haven assets and possibly weaken gold according to its inverse relationship.
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  • #199,294
  • Sep 22, 2009 11:22am Sep 22, 2009 11:22am



Quoting OrionsWay
well my 151 doesnt seem reasonalbe achievement by EOD given the current tight range we follow, maybe if someone lights a fire under her a$$.
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  • #199,295
  • Sep 22, 2009 11:55am Sep 22, 2009 11:55am
Quoting PandoraBox
If Gold up, GJ will going down. 5 SMA daily give strong resistance.
it might be a mistake; last year the correlation was opposite: Gold dropped to $700/oz when GBP-JPY was about 120 area
  • #199,296
  • Sep 22, 2009 12:44pm Sep 22, 2009 12:44pm
Quoting metlife777
it might be a mistake; last year the correlation was opposite: Gold dropped to $700/oz when GBP-JPY was about 120 area
The rules on Gold have changed IMO. It now seems that Gold is now seen as a genuine investment rather than the hedge it's always been. We'll see what the longer term view is, but I think Gold is no longer set for such huge drops.

Gold futures for oct 2010 is at 1012/oz which doesn't seem that high compared to now, but remember that most economists have predicted that we'll have recovered strongly by then.
  • #199,297
  • Sep 22, 2009 1:02pm Sep 22, 2009 1:02pm
Quoting ukdaytrader
The rules on Gold have changed IMO. It now seems that Gold is now seen as a genuine investment rather than the hedge it's always been. We'll see what the longer term view is, but I think Gold is no longer set for such huge drops.

Gold futures for oct 2010 is at 1012/oz which doesn't seem that high compared to now, but remember that most economists have predicted that we'll have recovered strongly by then.
Sell Aussie is the way to go then
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #199,298
  • Sep 22, 2009 1:40pm Sep 22, 2009 1:40pm
looks like everyone paying the piper for no cause this week
"Millionaires don't use astrology, billionaires do"
  • #199,299
  • Sep 22, 2009 1:50pm Sep 22, 2009 1:50pm
Quoting ukdaytrader
The rules on Gold have changed IMO. It now seems that Gold is now seen as a genuine investment rather than the hedge it's always been. We'll see what the longer term view is, but I think Gold is no longer set for such huge drops.

Gold futures for oct 2010 is at 1012/oz which doesn't seem that high compared to now, but remember that most economists have predicted that we'll have recovered strongly by then.
huge drop may not happen but $900 we might see again when USD shall raise up again IMHO
  • #199,300
  • Edited 2:09pm Sep 22, 2009 1:51pm | Edited 2:09pm
Take a look at nzd/usd while u wait on a geppy trade if not already short from a gd level - nice short opportunity . . .
I see a geppy retrace coming soon to at least 151 area if and when it gets a close above 149.35 otherwise tight range is what we will see.
At min. price should see 149.75 in the next couple of sessionand if it can maintain the 149.50 level then 150.75/151 should be an easy target before we retreat to 146.16 level. . . However a breach of the daily pivot will not bode well for geppy!
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