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

  • #200,661
  • Sep 29, 2009 7:45pm Sep 29, 2009 7:45pm
Quoting Geppyg
I came out of my short earlier today and reversed long at 144.00 for once....and am happy now stop to break even....
TL comes in at about 143.90, you might get stopped out a little early
  • #200,662
  • Sep 29, 2009 8:00pm Sep 29, 2009 8:00pm
shooting star on tf4h ... now we can back to down...
  • #200,663
  • Sep 29, 2009 8:02pm Sep 29, 2009 8:02pm
nice bounce off the 200ema on the 30M at 144.38! now we go to the bottom of the channel again.. (I hope) shorted off that point.
on the 4H we have the 34ema at 144.85. I see these as the 2 closest barriers we need to knock through right now. My targets are on chart.

my GU analysis is here.
http://www.forexfactory.com/showpost...stcount=170748

good luck with your trades everyone!
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  • #200,664
  • Sep 29, 2009 8:05pm Sep 29, 2009 8:05pm
Quoting Geppyg
I came out of my short earlier today and reversed long at 144.00 for once....and am happy now stop to break even....
Out at break even..........agghhh
Let Price determine your future!
  • #200,665
  • Sep 29, 2009 8:11pm Sep 29, 2009 8:11pm
mrfxbaling
Do you have a crystal ball or what? Nice call!

Quoting mrfxbaling
shooting star on tf4h ... now we can back to down...
  • #200,666
  • Sep 29, 2009 8:19pm Sep 29, 2009 8:19pm
Quoting Leche Mocha
mrfxbaling
Do you have a crystal ball or what? Nice call!
no crystal ball.. just see candlestick, look cs uj
  • #200,667
  • Sep 29, 2009 8:19pm Sep 29, 2009 8:19pm
until we break out of this channel, trend is still higher imo

i'm still buying the dips along the TL, a nice 150 pip range. if we break then nevermind
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  • #200,668
  • Sep 29, 2009 8:29pm Sep 29, 2009 8:29pm
Who let the bears out???
  • #200,669
  • Sep 29, 2009 8:35pm Sep 29, 2009 8:35pm
Quoting sinned
until we break out of this channel, trend is still higher imo

i'm still buying the dips along the TL, a nice 150 pip range. if we break then nevermind
agree.. still in correction, 1.612-1.617 my target with a % profit taking at 1.6050

[Chart]
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  • #200,670
  • Sep 29, 2009 8:36pm Sep 29, 2009 8:36pm
Quoting I like steak
My fundamental conundrum setup.....

This USDJPY 4hour chart has bullish divergence and a bearish butterfly...
Viva the butterfly....

Thank you Naatha.
  • #200,671
  • Sep 29, 2009 8:45pm Sep 29, 2009 8:45pm
the Aussie data for today is rather disturbing. September is the last month before the federal government begins winding down the first home owner's grant boost. You would have thought that approvals would've seen a climax spike here with all the new prospective buyers rushing in the last minute
  • #200,672
  • Sep 29, 2009 9:03pm Sep 29, 2009 9:03pm
patience got so much to do in this market, wow Piters thanks
MY OPINION NOT FINANCIAL ADVISE
  • #200,673
  • Sep 29, 2009 9:13pm Sep 29, 2009 9:13pm
Quoting Fudomyo
Just in terms of real estate prices, it was peak of market even before crisis, so a lot of people were holding off for this reason as well as the economy.

a lot of first time buyers are priced out of the market even with the incentive.
I don't know how knowledgable you are about the Australian property market but it was in no way as overpriced as some of the other developed countries in relation to income. While i would agree some first time buyers were out of their depth the majority of first time buyers are NOT priced out of the property market.
  • #200,674
  • Sep 29, 2009 9:15pm Sep 29, 2009 9:15pm
Quoting donfriday
patience got so much to do in this market, wow Piters thanks
yes mate.. taking some partial of the table here.. but im still bulish on GU... EU broke UP the 4H chanel too..
  • #200,675
  • Sep 29, 2009 9:18pm Sep 29, 2009 9:18pm
Quoting Piters
yes mate.. taking some partial of the table here.. but im still bulish on GU... EU broke UP the 4H chanel too..

you have any view on gj?
MY OPINION NOT FINANCIAL ADVISE
  • #200,676
  • Sep 29, 2009 9:29pm Sep 29, 2009 9:29pm
Quoting donfriday
you have any view on gj?
im not following GY last week.. but.. we are in correction and 145.40 is what im seeing for now.. (dont take that. serioulsy).. I need more time to analyse GY as UY is very difficult to decode last few weeks..
  • #200,677
  • Sep 29, 2009 9:33pm Sep 29, 2009 9:33pm
my tp is 1.6120 i may decide to close manual or auto y tp ...
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MY OPINION NOT FINANCIAL ADVISE
  • #200,678
  • Sep 29, 2009 9:35pm Sep 29, 2009 9:35pm
the market will probably go against all its trends this week and then continue its trend next week because of NFP.
  • #200,679
  • Edited 9:52pm Sep 29, 2009 9:40pm | Edited 9:52pm
Do these news bits ever make an impact on PA?

2009-09-30 01:04:00 AM DJ MARKET TALK: JPY Set To Rise, GBP Likely To Fall More - CMC


Quote
0104 GMT [Dow Jones] JPY strength, GBP weakness "remain the impulsive moves in FX markets, especially as oil prices show increased difficulty in staging a notable rebound," says CMC Markets chief market strategist Ashraf Laidi; "yen strength is not only a reflection of risk aversion but of increased reluctance for Japanese investors to move accumulated overseas equities at current valuations." Adds "we deem Finance Minister Fujii's remarks to be aimed dispelling misconceptions that the new government might be pursuing a policy of benign neglect...

Quote
of the yen's appreciation, rather than the beginning of an interventionist campaign." Says near-term USD/JPY target 80 vs last 90.24. Meanwhile, expects GBP/USD faces "the immediate risk" of 1.5720 (last 1.5976), "with the Bank of England keeping the door open for negative interest rates on bank reserves as well as additional quantitative easing beyond the current asset purchase program."(TMO)
  • #200,680
  • Sep 29, 2009 10:29pm Sep 29, 2009 10:29pm
Quoting Fudomyo
Actually, I am familiar with the Aussie market. I guess everything is relative. Compared to the UK and States, it's not as overpriced. But those markets are hyper inflated, and not a water mark I would use to gauge Australia's internal market.

I have a couple of mates waiting now for a downward correction before they purchase.

Perhaps the fact that more people didn't take advantage of the grant suggests a similar sentiment among other potential first time buyers.

The variables for the coming year are, agricultural production may...
Housing affordability whilst by no means at its best, is still at an acceptable level. There is a difference in being priced out of the market and simply waiting to get a better price. I agree, there will be a correction once the housing grant boosts drys up but the fact remains the property market has not grown at such an insane pace that new potential buyers simply cannot afford it.

As for the other issues involving the 33% fixed reduction on ore prices for Japan as well as the RIO BHP JV there really hasn't been much news over that $hitstorm for quite a while now. Agricultural production is a marginal issue. This drought you mentioned has already been with us for what..... about 10 years already? You'd expect they'd been able to adjust to the new environment by now.
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