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

  • #203,101
  • Oct 13, 2009 11:42am Oct 13, 2009 11:42am
Whenever GJ or GU flying up. Rggit is not around
Read the entire market, money is made on the main trend not the fluctuation
  • #203,102
  • Oct 13, 2009 11:56am Oct 13, 2009 11:56am
Quoting ewokuk
seems the whole pound move is a result of the drop in eurgbp. why eurgbp would drop like that when eurusd is flying and UK cpi is getting screwed, i have no idea.


its a puzzle
"Millionaires don't use astrology, billionaires do"
  • #203,103
  • Oct 13, 2009 11:57am Oct 13, 2009 11:57am
It had to retrace one way or another. I am still bearish with long term targets @ 1.52 1.35 1.19 if we get there. Still building my full postion from the 1.67 with a many 0.5% trades and SL is at average position BE
Do not follow my trades. Trade what you see on your own charts.
  • #203,104
  • Oct 13, 2009 12:04pm Oct 13, 2009 12:04pm
The most likely reason pound is spiking is due to :-

People are expecting the GBP retails sales out tomorrow to surprise to the upside. So they are short covering . At the same time bad ZEW expectations is resulting in EG sales( weak eur and short covering GBP for tomorrow.) EG sales always spikes up the pound. and thats why u see this spike.

If u observe markets tomorrow, GBP maybe in buy mode starting from an hour before london open till retail sales results but beware of whipsaw at news becoz unemployment claims also same time out in UK.

People have started to position for this news and hence this spike.

Hope this helps.
  • #203,105
  • Oct 13, 2009 12:04pm Oct 13, 2009 12:04pm
dont be afraid to take profits before they disappear
"Millionaires don't use astrology, billionaires do"
  • #203,106
  • Oct 13, 2009 12:08pm Oct 13, 2009 12:08pm
Quoting Kofmaster
Whenever GJ or GU flying up. Rggit is not around
..

He is trying to deal with the big boys .. trying to explain their move is wrong
  • #203,107
  • Oct 13, 2009 12:12pm Oct 13, 2009 12:12pm
Quoting iksh
The most likely reason pound is spiking is due to :-

People are expecting the GBP retails sales out tomorrow to surprise to the upside. So they are short covering . At the same time bad ZEW expectations is resulting in EG sales( weak eur and short covering GBP for tomorrow.) EG sales always spikes up the pound. and thats why u see this spike.

If u observe markets tomorrow, GBP maybe in buy mode starting from an hour before london open till retail sales results but beware of whipsaw at news becoz unemployment claims also same time out in UK....
there are no gbp retail sales tomorrow (or even this week), only usd retail sales, so that makes no sense for gbp to fly up for that. plus if zew was affecting euro then eurusd would not be flying up.
  • #203,108
  • Oct 13, 2009 12:15pm Oct 13, 2009 12:15pm
There was same shop sales out this morning ( not available on FF calender)and it came on much much better than expected and which is felt to reflect well in GBP retail sales.
  • #203,109
  • Oct 13, 2009 12:39pm Oct 13, 2009 12:39pm

http://i683.photobucket.com/albums/v...3013102009.jpg


these are the level of support and resistance from my chart. since resistance@ 142.16 becomes unvalid...the next resistance level should be @ 142.64. If it's penetrates...the next level should be @ 142.16 as the previous double top occurs. If it does't...then we are looking back to 141.30 and continues to 140.99 and after that should be a roller coaster to 139.66 onces again and maybe to 137.00. I've attach a chart for any comments....(hope you guys don't mind me posting the chart...still new to charts analsys).
  • #203,110
  • Oct 13, 2009 12:40pm Oct 13, 2009 12:40pm
I am here guys.. I told big boys to rally it higher, so I can short the crap out of the GJ later



Bearish pennant still holding

Last chance to get in .



Quoting mktjong
..

He is trying to deal with the big boys .. trying to explain their move is wrong
Attached Image (click to enlarge)
Click to Enlarge Name: dailygj.gif Size: 31 KB
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  • #203,111
  • Oct 13, 2009 12:47pm Oct 13, 2009 12:47pm
Quoting rgitt05
I am here guys.. I told big boys to rally it higher, so I can short the crap out of the GJ later



Bearish pennant still holding

Last chance to get in .

u meant last chance to take profits if u have them before they disappear right
"Millionaires don't use astrology, billionaires do"
  • #203,112
  • Edited 12:59pm Oct 13, 2009 12:49pm | Edited 12:59pm
I am always protected with my hedging



Double my account once the fat lady sings

FYI trade from 155 area



Quoting OrionsWay
u meant last chance to take profits if u have them before they disappear right
[
  • #203,113
  • Oct 13, 2009 1:09pm Oct 13, 2009 1:09pm
Quoting rgitt05
I am always protected with my hedging



Double my account once the fat lady sings

FYI trade from 155 area
  • #203,114
  • Oct 13, 2009 1:11pm Oct 13, 2009 1:11pm
I hope your correct... However, Malcolm said that if 143.00 is broken then it should continue higher...and 143.00 has been broken... not touching it just yet, because I am unsure about things.
Quoting kuroro001
GY should go down ...UJ should drag him down IMO
my targets are:
UJ : 89.2
GY : 141.90
let's see tonight or tomorrow if it goes in my way...
  • #203,115
  • Oct 13, 2009 1:14pm Oct 13, 2009 1:14pm
geezz .. what the heck was that move .. (See UJ)
  • #203,116
  • Oct 13, 2009 1:15pm Oct 13, 2009 1:15pm
I believe he means it needs to be broken and then tested as support. Just because the 143.00 level has been pierced by 15 or 20 pips dont mean a thing.

Jim

Quoting dreed
I hope your correct... However, Malcolm said that if 143.00 is broken then it should continue higher...and 143.00 has been broken... not touching it just yet, because I am unsure about things.
  • #203,117
  • Oct 13, 2009 1:16pm Oct 13, 2009 1:16pm
Are your ready for the fat lady to sing to stop this BS PA?



Quoting Piters
[
  • #203,118
  • Oct 13, 2009 1:16pm Oct 13, 2009 1:16pm
usd seems to have found some strength at last.

we had a BAKOOOOM, now hopefully we get KABOOOM
  • #203,119
  • Oct 13, 2009 1:16pm Oct 13, 2009 1:16pm
They are voting on that Health Care thingy and there are idiots on Capitol hill flapping their jaws about nothing they know anything about.

Jim


Quoting mktjong
geezz .. what the heck was that move .. (See UJ)
  • #203,120
  • Oct 13, 2009 1:17pm Oct 13, 2009 1:17pm
Quoting rgitt05
Are your ready for the fat lady to sing to stop this BS PA?

BRO, posted today FEW times..
GOLD has finished his FIRST TRIP.. hit the target.. 1067

USD strikes BACK now
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