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

  • #203,641
  • Oct 15, 2009 10:45am Oct 15, 2009 10:45am
Quoting ukdaytrader
Perhaps we should simply call it 'informed money'
very well ... Informed.. lol..

nothing against, we trade those money everyday, if they are not here, really liquidity will drop very sharp... but, are they are "smart" ones, or well "informed money" as you are saying... ???


I think is more like Subjective and Personal..

cheers.. thnks for a reply
  • #203,642
  • Oct 15, 2009 10:46am Oct 15, 2009 10:46am
Quoting malcolmb14
terminator.....

nope done for day trading may post if i get bored later
I hope so. I enjoy all of your insight Thanks
  • #203,643
  • Oct 15, 2009 10:47am Oct 15, 2009 10:47am
Quoting Piters
yes,, you are right.. I know that that wasn't Malc's point..

but I expressed my view.. on that "smart money" semantics.. Sometimes really frustrating how we use some words...

Again My apologies to Malc or anyone [if I offended on some way..]

just my view on the "smart money"

cheers..
did not offend me ... seems smart money is not buying right now and we should get retrace .... not really any great vsa sell set ups but the pros are
likely sitting on positions for move higher in next few days.

looks like 6400 gu could be on cards ... insane I tell ya..

look at s&p ..p/e to real earnings of about 125 now .....well overvalued yet it keeps on being bought...this is just likje tech bubble and we all know how that ended .. in tears
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  • #203,644
  • Oct 15, 2009 10:55am Oct 15, 2009 10:55am
Quoting malcolmb14
did not offend me ... seems smart money is not buying right now and we should get retrace .... not really any great vsa sell set ups but the pros are
likely sitting on positions for move higher in next few days.

looks like 6400 gu could be on cards ... insane I tell ya..

look at s&p ..p/e to real earnings of about 125 now .....well overvalued yet it keeps on being bought...this is just likje tech bubble and we all know how that ended .. in tears
my NEWS ticker is very crazy..

just watch this.. same event.. apparently why Pound moved so BIG..

[FIRST NEWS]

[CABLE] has surged further as markets eye up a possible M&A in the offing, with latest rumours centering on talk that Sainsbury have accepted a 420p a share offer from Qatar (about Gbp 7.5bn). This is all pure speculation at present, but Cable has nonetheless rallied to a 1.6272 high in recent trade, with more stops being tripped through the 1.6227 15 day best and 1.6225 fibo level. Amongst the buyers were two large US investment banks, a US custodial, Japanese accounts, Middle East (Gbp/Yen), a large German bank and a UK clearer. The 1.6291 50 dma now beckons, ahead of 1.6300.


[Second NEWS]

[CABLE] looks in no rush to attempt the 1.6300 plus stops. Gbp/Usd is safely off the earlier 15-day 1.6299 best, but still trades with a fair underlying bid. Opening bids have are now said to have been raised to the 1.6180/00 region. On a cautionary note, wires now report that there has been no formal bid approach by Qatar for Sainsbury (see 12:39GMT), which seems to have taken the shine off Gbp, in particular Eur/Gbp. There has been plenty of M&A speculation surrounding Gbp today, and all positive, but we believe other factors are at play too and we are now more confident this has become a buy dips market. Compare last IMM data (Gbp -62106, +51045 Eur), we suggest there is plenty more Gbp shorts to unwind in this market.


****************
Im not a NEWS trader, but these NEWS were all around the globe.. and probably pushed some Buying here..

Go back last 365 days and look how many days we had with

GU = 310 pips daily range (lo->Hi)
GY = 470 pips daily range

when EUR is opposite with a more or less average range ??

YES, it is weird..

.
  • #203,645
  • Oct 15, 2009 10:56am Oct 15, 2009 10:56am
Quoting lyy.sg
it looks like a head and shoulders formation is forming, i think here's the retracement coming in..

wondering if it would reach .5 fib..
A retracement to 145.1 would be nice, but I don't really expect it. Hard to judge: on the way down around Sept 23, there was really no retracement, but we don't seem to have big boys doing much buying here ... so many logics to rationalize what to do next, and yet only time will tell.
  • #203,646
  • Oct 15, 2009 11:05am Oct 15, 2009 11:05am
Quoting Beljevina
A retracement to 145.1 would be nice, but I don't really expect it. Hard to judge: on the way down around Sept 23, there was really no retracement, but we don't seem to have big boys doing much buying here ... so many logics to rationalize what to do next, and yet only time will tell.
thanks bel, but this surge was partially based on rumours isnt it? and also the fall in gold price..

maybe im lacking some info, but i dun see why the GU & GJ could rally so high based on unconfirmed rumours.. big players with insider info?
  • #203,647
  • Oct 15, 2009 11:05am Oct 15, 2009 11:05am
btw eur/usd almost recovered..
  • #203,648
  • Oct 15, 2009 11:06am Oct 15, 2009 11:06am
u are still reading this news.lol
MY OPINION NOT FINANCIAL ADVISE
  • #203,649
  • Oct 15, 2009 11:10am Oct 15, 2009 11:10am
Quoting donfriday
u are still reading this news.lol
YES, bro, I read NEWS, as they are part of the same GAME we are IN..

Having one Monitor dedicated only for a NEWS ... they come every second.. (part of the sex bro.. )

But As you know, Im a chartist, trading my M1 to daily...
  • #203,650
  • Oct 15, 2009 11:13am Oct 15, 2009 11:13am
Quoting donfriday
u are still reading this news.lol
is the TA laughing at FAs?
  • #203,651
  • Oct 15, 2009 11:14am Oct 15, 2009 11:14am
gj20h
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  • #203,652
  • Oct 15, 2009 11:19am Oct 15, 2009 11:19am
Quoting lyy.sg
thanks bel, but this surge was partially based on rumours isnt it? and also the fall in gold price..

maybe im lacking some info, but i dun see why the GU & GJ could rally so high based on unconfirmed rumours.. big players with insider info?
Sorry, I wish I had the answers ... I found it really telling that hedge funds had dumped their GBP shorts in advance of this massive surge ... they clearly have/had inside info and assessed it was going to shoot the GBP way higher. I wouldn't count on a big retrace just because of rumours not materializing. Problem of course is one can rationalize everything in hindsight, but in realtime, there's just sooo many things to choose from.
  • #203,653
  • Oct 15, 2009 11:21am Oct 15, 2009 11:21am
This is crazy, over 400 pips w/o even a 100 pips retrace ..
  • #203,654
  • Oct 15, 2009 11:22am Oct 15, 2009 11:22am
Quoting Fudomyo
dude..


news is good, I learned 2 new words today

front butt and moose knuckle

lol

haha if that you and your wife i bet u have so much in common..ur chairs must be customize..lol
MY OPINION NOT FINANCIAL ADVISE
  • #203,655
  • Oct 15, 2009 11:29am Oct 15, 2009 11:29am
seem like GJ doing retracement. How far will it retrace from FB? anyone got idea?
  • #203,656
  • Oct 15, 2009 11:33am Oct 15, 2009 11:33am
if today close below 146.60/70..i will hold this new entry of 147/146.50/146.45 short for test back to 142 area..
otherwise 148-151.20 look possile next week test or even higher....

mm 157.50 my last swing short am still holding it by putting SL=150.50 ..
see what happen ..Cheers
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  • #203,657
  • Oct 15, 2009 11:40am Oct 15, 2009 11:40am
oh my...i thought retrace down a bit....
smell going up again...test 148
  • #203,658
  • Oct 15, 2009 11:43am Oct 15, 2009 11:43am
Quoting Fudomyo
sorry for that bad joke.

been trading since Asia session and really need to sleep.

good night my friend
since u've closed all ur pips buy me some green herb make me high so i can see next move..
MY OPINION NOT FINANCIAL ADVISE
  • #203,659
  • Oct 15, 2009 11:44am Oct 15, 2009 11:44am
Quoting mktjong
This is crazy, over 400 pips w/o even a 100 pips retrace ..
yellow box game...could be interesting next week..see u then
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  • #203,660
  • Oct 15, 2009 11:53am Oct 15, 2009 11:53am
Quoting Piters
my NEWS ticker is very crazy..

just watch this.. same event.. apparently why Pound moved so BIG..

[FIRST NEWS]

[CABLE] has surged further as markets eye up a possible M&A in the offing, with latest rumours centering on talk that Sainsbury have accepted a 420p a share offer from Qatar (about Gbp 7.5bn). This is all pure speculation at present, but Cable has nonetheless rallied to a 1.6272 high in recent trade, with more stops being tripped through the 1.6227 15 day best and 1.6225 fibo level. Amongst the buyers were two large US investment...

without news forex traidng would be like grass growing , monthly moves of gj would be 100 pip ...lol
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