http://www.forexfactory.com/showpost...stcount=207922
Kaboom is coming!!!
Sell all rallies unless the daily TL breaks
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Auslanco - GBP/JPY and GBP/USD (newstrade)
- #207,961
- Nov 16, 2009 11:31am Nov 16, 2009 11:31am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
http://www.forexfactory.com/showpost...stcount=207922
- #207,963
- Nov 16, 2009 11:38am Nov 16, 2009 11:38am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Both GU and EU should tank if Ben tighten up the cheap money
Bernanke drops a bombshell on the market by saying that the Fed will support the US dollar
If Bernanke shows any hint of concern about inflation or an inclination that the Fed is ready to tighten sooner than expected, we would expect risky assets to unwind gains (no more cheap money) and the US dollar to come back better bid
Bearish Bernanke comments (stock negative) coupled with his positive USD musings helping the buck here
Wait and see what the market thinks
Bernanke drops a bombshell on the market by saying that the Fed will support the US dollar
If Bernanke shows any hint of concern about inflation or an inclination that the Fed is ready to tighten sooner than expected, we would expect risky assets to unwind gains (no more cheap money) and the US dollar to come back better bid
Bearish Bernanke comments (stock negative) coupled with his positive USD musings helping the buck here
Wait and see what the market thinks
What are your thoughts on GU?
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- #207,965
- Nov 16, 2009 2:28pm Nov 16, 2009 2:28pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
sellers @ 150.36. we should be heading down now if this level holds, possibly to 148.20 first and then we'll see from there.
another thing: monthly average for g-j (high to low) is about 1200 pips. judging by what happened this month, there is room for another 1000 in either direction - that means, 139 or 160 by the end of november. just keep this in mind
another thing: monthly average for g-j (high to low) is about 1200 pips. judging by what happened this month, there is room for another 1000 in either direction - that means, 139 or 160 by the end of november. just keep this in mind
Nihil Sine Deo.
- #207,966
- Nov 16, 2009 2:46pm Nov 16, 2009 2:46pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
sellers @ 150.36. we should be heading down now if this level holds, possibly to 148.20 first and then we'll see from there.
another thing: monthly average for g-j (high to low) is about 1200 pips. judging by what happened this month, there is room for another 1000 in either direction - that means, 139 or 160 by the end of november. just keep this in mind
I vote 139.....
Blogging daily now at www.volume.zone
- #207,967
- Nov 16, 2009 2:51pm Nov 16, 2009 2:51pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Failed to break the Daily TL
Selling all rallies!!
Selling all rallies!!
I vote 139.....
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- #207,972
- Nov 16, 2009 6:10pm Nov 16, 2009 6:10pm
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #207,973
- Edited 6:45pm Nov 16, 2009 6:26pm | Edited 6:45pm
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
- #207,975
- Nov 16, 2009 7:35pm Nov 16, 2009 7:35pm
- Joined May 2009 | Status: Trader | 4,895 Posts
what a boring PA nowadays for the dragon. I think it's time to switch to another dragon.. This dragon is currently asleep, don't know when it will wake up.
Well for me, I've been comfortable trading GCAD, and I think it mimic how GJ move before it fall asleep. However, whoever wants to trade this pair, study it first cause it moves very fast. You can win or lose in a blink of seconds.
If anyone here would like to share other pairs that move as fast as this, please do share it here..
Well for me, I've been comfortable trading GCAD, and I think it mimic how GJ move before it fall asleep. However, whoever wants to trade this pair, study it first cause it moves very fast. You can win or lose in a blink of seconds.
If anyone here would like to share other pairs that move as fast as this, please do share it here..
- #207,976
- Nov 16, 2009 7:42pm Nov 16, 2009 7:42pm
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
...
If anyone here would like to share other pairs that move as fast as this, please do share it here..
- #207,977
- Nov 16, 2009 8:05pm Nov 16, 2009 8:05pm
- Joined May 2009 | Status: Trader | 4,895 Posts
EN EA GN GA
