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

  • #208,661
  • Nov 25, 2009 9:42pm Nov 25, 2009 9:42pm
Quoting just_ha
hmm.. any explanation for that?
end of week month trend reversing moves seen by the players is what the doctor might be saying
  • #208,662
  • Nov 25, 2009 9:45pm Nov 25, 2009 9:45pm
USD/JPY just made new 15 year low - interesting 3/4 days coming........ka....ba...
  • #208,663
  • Nov 25, 2009 9:45pm Nov 25, 2009 9:45pm
oh, well that seem a little quick. 100 pips in like 5 minutes.

Quoting dreed
The fall was due to the USD/JPY fall.
  • #208,664
  • Nov 25, 2009 9:47pm Nov 25, 2009 9:47pm
does anyone think it'll go as low as 80-79?

Quoting travpip
USD/JPY just made new 15 year low - interesting 3/4 days coming........ka....ba...
  • #208,665
  • Nov 25, 2009 9:49pm Nov 25, 2009 9:49pm
Quoting Beljevina
I guess Tokyo traders didn't like the comments. The markets are really best off when Fujii doesn't speak.

Fujii supports Geithner’s strong dollar comments
Written by Sam Diakou- November 26, 2009 at 03:17 GMT
More verbal intervention with Fujii saying that he is monitoring forex market and appropriate steps must be taken against abnormal FX moves. Says he supports Geithner’s comments on strong dollar.
USDJPY sits at it lows despite all the comments today.
lately if anyone says "Strong dollar" the greenback take a hammering. Incidently every time Bernanke, Geithner, Obama et al says the CNY is undervalued, the USD takes a tanking, but since the CNY is still pegged, the CNY follows as well. I'd rather bet on the blind monkey randomly finding the single needle in a haystack of infinite size than them getting it right any day of the week.

Goldman Sachs should actually be of some use and create a "Benny/Obama/Geithner announcement Put Option"
  • #208,666
  • Nov 25, 2009 9:53pm Nov 25, 2009 9:53pm
Now the big question is, how will London view this? Will they look at the fall as a buying opportunity to get the pair on sale, or will they drive it down even further. I know the retail traders will chase it, but the smart money may load up

.
Quoting travpip
end of week month trend reversing moves seen by the players is what the doctor might be saying
  • #208,667
  • Nov 25, 2009 9:58pm Nov 25, 2009 9:58pm
Newsflash:

Robert Mugabe supports Geithner's strong dollar comments
citing: "We in Zimbabwe are tired of the ZWD being in a class of its own. In order to remedy this situation we are throwing out this comment in order to give the ZWD a companion. We are hoping that it will soon become possible to peg the market rate of USDZWD at parity."
  • #208,668
  • Nov 25, 2009 10:11pm Nov 25, 2009 10:11pm
strange usdjpy falling 100pips on thanksgiving and dragging eurjpy and gbpjpy which is further stalling gbpusd and eurusd...

There got to be some reason why it fell that way. strange..
  • #208,669
  • Nov 25, 2009 10:12pm Nov 25, 2009 10:12pm
Any point to hold gby/yen longs at this point, even with very small position? in hopes of return to 150.00 area in the next month? lols
  • #208,670
  • Nov 25, 2009 10:19pm Nov 25, 2009 10:19pm
Quoting just_ha
oh, well that seem a little quick. 100 pips in like 5 minutes.
How was it quick? Expand your charts to a daily view and you could clearly see that there was nothing stopping it down to this point. With that said, if there's nothing standing in the way of an army, it turns into a quick battle with an obvious victory. 144.50 was the previous bars high at this level. Even that was weak and so I don't see any reason why we wouldn't see 144 just for clearance.
I dream, therefore I become.
  • #208,671
  • Nov 25, 2009 10:21pm Nov 25, 2009 10:21pm
Quoting Zeroh
Any point to hold gby/yen longs at this point, even with very small position? in hopes of return to 150.00 area in the next month? lols
if you've got patience and can take and don't mind a little drawdown, yes
Money & Pain Respect the market, protect your capital, be patient
  • #208,672
  • Nov 25, 2009 10:28pm Nov 25, 2009 10:28pm
Quoting Zeroh
Any point to hold gby/yen longs at this point, even with very small position? in hopes of return to 150.00 area in the next month? lols
I remember asking that question and I wish the advice I would've gotten is this. Take some time to realize your loss, move on, develop a strategy that will entail proper money management and then keep learning. Don't let this mistake happen again. If you're anything like I was when I asked that question, I was pretty deep in the hole praying to just hold on. It doesn't happen and if it does, that just taught you pretty awful market techniques. You won't advance by asking people on a forum what you should do with your position. That's something you need to know for yourself before you even enter the trade. I hope the best for you either way.
I dream, therefore I become.
  • #208,673
  • Nov 25, 2009 10:33pm Nov 25, 2009 10:33pm
I agree it will take patience on your part, and it is possible... I've seen this pair move 200 to 300 pips in a day. I think Patience is Key, and do not get spook by talk of Kaboom....nothing just fall straight down.. well that's my 2 cents... perhaps some of the other traders here, may have some advice for you also.

Quoting Zeroh
Any point to hold gby/yen longs at this point, even with very small position? in hopes of return to 150.00 area in the next month? lols
  • #208,674
  • Edited 11:53pm Nov 25, 2009 10:34pm | Edited 11:53pm
Quoting Fusion
Hi Piters,

Now that Gold hit your target of 1190, where do you think will it reatract?
Yes mate,

here is my charts and my targets.. hope the third target will play as previous two..

The 2Y old H/S on weekly in is his play, with targets above $1320; From technical point of view we reached the second target.. which after Im expecting some correction. Two targets I have on my mind.. 1100 and 1050.. after which the last wave UP to 1320-1390 level is to be expect..

this chart I posted when we reached my first target.. at 1065
http://www.forexfactory.com/showpost...&postcount=153
http://www.forexfactory.com/showpost...stcount=206713
cheers

[Charts]
Attached Image(s) (click to enlarge)
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  • #208,675
  • Nov 25, 2009 10:37pm Nov 25, 2009 10:37pm
Kaboom Te Ba Boo...is on the way...thanks...good job
  • #208,676
  • Nov 25, 2009 10:39pm Nov 25, 2009 10:39pm
Thank you.

Quoting Piters
Yes mate,

here is my charts and my targets.. hope the third target will play as previous two..

[Charts]
  • #208,677
  • Nov 25, 2009 10:52pm Nov 25, 2009 10:52pm
sweetness keep dropping major support line coming up at 143.8 also Weekly S2 143.876
  • #208,678
  • Nov 26, 2009 12:16am Nov 26, 2009 12:16am
Quoting mike w
I remember asking that question and I wish the advice I would've gotten is this....
luckily for me the position is small and I can take some serious draw downs, but as it apporaches 800-900 pips I'm getting nervous. I should have gotten out and taken a much smaller loss, but in my Folly I didn't. Now I'm hoping for a bounce, staying patient Perhaps it may go back to 147 area and ill take my loss (or least some high). As it went by 144 today I almost "Panic sell". Well maybe ill get lucky if not mistake well learned /=
  • #208,679
  • Nov 26, 2009 12:22am Nov 26, 2009 12:22am
Quoting dreed
I agree it will take patience on your part, and it is possible... I've seen this pair move 200 to 300 pips in a day. I think Patience is Key, and do not get spook by talk of Kaboom....nothing just fall straight down.. well that's my 2 cents... perhaps some of the other traders here, may have some advice for you also.
Thanks for your input, Yeah patience is key, I'll probably end up taking a lost but hopefully it'll be minimal (=
  • #208,680
  • Nov 26, 2009 12:25am Nov 26, 2009 12:25am
Quoting Zeroh
luckily for me the position is small and I can take some serious draw downs, but as it apporaches 800-900 pips I'm getting nervous. I should have gotten out and taken a much smaller loss, but in my Folly I didn't. Now I'm hoping for a bounce, staying patient Perhaps it may go back to 147 area and ill take my loss (or least some high). As it went by 144 today I almost "Panic sell". Well maybe ill get lucky if not mistake well learned /=
sorry, but had to point out. 800-900 drawdown....
what's your reward ratio if you don't mind me asking?
normally, i would assume that the r:r @ 1:1.5 at least....
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