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

  • #202,141
  • Oct 7, 2009 8:23pm Oct 7, 2009 8:23pm
gold - 1050.10!!!
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  • #202,142
  • Oct 7, 2009 8:24pm Oct 7, 2009 8:24pm
Quoting sinner-
I hope you are right, my profit will be better
  • #202,143
  • Oct 7, 2009 8:25pm Oct 7, 2009 8:25pm
double top on gold montly cs.. i short from their. swing for 1 year
  • #202,144
  • Oct 7, 2009 8:25pm Oct 7, 2009 8:25pm
Quoting A-speculator
if it spike to that price.. it will be the best entry.. I'll wait for first down momentum.. would not pick top.
We'll see where it heads, i'm buying atm.
"Hate the sin, love the sinner." - Gandhi
  • #202,145
  • Oct 7, 2009 8:27pm Oct 7, 2009 8:27pm
Whatever is about to happen, I'm not sure yet, but big volume just stepped into all the GBP crosses.
  • #202,146
  • Oct 7, 2009 8:27pm Oct 7, 2009 8:27pm
Quoting mrfxbaling
double top on gold montly cs.. i short from their. swing for 1 year
you got to be serious. swing short for 1 year? 1 year later, there will be 0 figure in your account..
  • #202,147
  • Oct 7, 2009 8:29pm Oct 7, 2009 8:29pm
Quoting cohiba pips
nice one your more dangerous than clint eastwood with one bullet in a room with about 50 people
  • #202,148
  • Oct 7, 2009 8:30pm Oct 7, 2009 8:30pm
Quoting sinner-
Whatever is about to happen, I'm not sure yet, but big volume just stepped into all the GBP crosses.
I'm pretty sure it will not go past 1.6. but don't have the guts to enter now.. just hate drawdowns..
  • #202,149
  • Edited 8:55pm Oct 7, 2009 8:44pm | Edited 8:55pm
Quoting FxClown
1. $ weakness has been controlled thus far but it has to give way soon.
2. US interest rates hike is not that far away.
3. What if BoE cuts rates by 0.25%? It has been mentioned elsewhere.
4. UK Economy is in the WC.

I agree with you and believe that GBP is doomed.
I am not sure about the bounce to 179. At least not in this decade.

This was based on ELLIOT wave on Daily-- 4 Hr..with wave1 ending at 1.4990..(G/U).. Looks like we are in wave 4..

With Visible H&S...on Daily.. Downside Target should be in 150 area...since wave 4 cannot intersect wave1..(149.90)... 179xx is the Fib level..where wave #5 can end up ..it can also end at 172 level...

If 149.90 Breaks ..Then look Below..( count is wrong)

Just an Observation .. Can be wrong about it.
Markets are not Random, they are designed!
  • #202,150
  • Oct 7, 2009 8:45pm Oct 7, 2009 8:45pm
Pretty sure...based on what?...


Quoting A-speculator
I'm pretty sure it will not go past 1.6. but don't have the guts to enter now.. just hate drawdowns..
  • #202,151
  • Oct 7, 2009 8:49pm Oct 7, 2009 8:49pm
Quoting Fusion
Pretty sure...based on what?...
based on s&r and history of price action when price reached that level..
  • #202,152
  • Oct 7, 2009 8:53pm Oct 7, 2009 8:53pm
see price at the fibo level.
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  • #202,153
  • Oct 7, 2009 8:54pm Oct 7, 2009 8:54pm
Quoting A-speculator
based on s&r and history of price action when price reached that level..
AO looks to be showing divergence soon too. If she cannot hourly close above 1.6 will be bearish. Remember the rule: below 1.623 bearish, above 1.623 bullish. It is still in effect.
  • #202,154
  • Oct 7, 2009 8:57pm Oct 7, 2009 8:57pm
I took one more short @ 1.60
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Do not follow my trades. Trade what you see on your own charts.
  • #202,155
  • Oct 7, 2009 8:58pm Oct 7, 2009 8:58pm
That must be on FXCM Micro Trading Station II. Not bad.

Quoting Elle.B777
btw..
This is my scalping machine:-) ..if somebody is interested..Just doing GBP-JPY & EUR-JPY
I promess it works..and I'm not blind yet lol
  • #202,156
  • Oct 7, 2009 9:01pm Oct 7, 2009 9:01pm
Quoting igmak
I took one more short @ 1.60
you really got nerves.. i'll wait for significant down move first..
  • #202,157
  • Oct 7, 2009 9:02pm Oct 7, 2009 9:02pm
Quoting naatha
gold - 1050.10!!!

The problem now, Gold fly to fast. When it drop, it will drop hard.

This is what happen to Oil !
  • #202,158
  • Oct 7, 2009 9:03pm Oct 7, 2009 9:03pm
Quoting A-speculator
you really got nerves.. i'll wait for significant down move first..
actionforex also recommending a 1.6 sell with 6 pip stop loss!

http://www.actionforex.com/action-in...2009100797838/
  • #202,159
  • Oct 7, 2009 9:05pm Oct 7, 2009 9:05pm
Japan current account balance has been in surplus and the competitive strength of Japanese industry has increased steadily.

The only problem that the Japanese facing was affected by the aging of Japanese society

Why do Japanese continued to appreciate the YEN? Well,

70% of Japanese production is outside the country, such as China, US, and China, while only 30% production inside. So export will not be a major thing for Japanese while Import get more benefit from Yen appreciation.

What are they import? Merchandise imports, such as textiles, food and pulp and paper.

Japanese mainly rely on resource sectors, and material sectors, since they mainly based on Car productions, and Machinery and other Mechanical parts, Appreciate the YEN allows Japanese with the POWER OF PURCHASE from buying cheap commodities, and metals as well as Oil and Coal from Australia, Russian, Brazil and Canada.

Of course the more yen appreciated, the better the SURPLUS it will get.
A current account balance surplus was achieved every year since 1960s except for a couple years following the oil crisis of 1973. The current account balance of Japan, as on September 2005, was estimated to be US $ 45.7 billion.
  • #202,160
  • Oct 7, 2009 9:06pm Oct 7, 2009 9:06pm
Quoting A-speculator
based on s&r and history of price action when price reached that level..
there do not seem to be sellers 1.6000 gu right now

if there were the moment it touched that level it would have dropped

I think there is a perception that boe may cut interest rates. If they do not then 1.6400 may be on the cards ..

above 1.6050 for sure we see 1.6250 ... but more liekly 1.6400

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