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

  • #210,301
  • Dec 14, 2009 12:29pm Dec 14, 2009 12:29pm
Agreed Q agreed bro. I am also thinking on EU a ride up to maybe like 1.49 area before 1.45 area. UJ I am thinking 87 region for a nice ride up to mid 91 area as starters. UCAD :-( thats a bitch it just does not want to leave USD alone! that biatch. I shorted USD/CHF for a little bit
  • #210,302
  • Dec 14, 2009 12:30pm Dec 14, 2009 12:30pm
Quoting quecee5
EU = a daily close below 1.4625 is needed to see a drop to 1.4415 then 1.4145 otherwise we could continue to consolidation between here and 1.4710/88 area. . .

UCAD. . . . well u know my thoughts on that sell any and every rally on it

GJ. . . I see a trip to 147 minimal before we see 135.50. . . said this last week to buy dips on GJ and I still stand by that. . .

GU = I see a touch of 1.6331 - 1.6400 again before we finally break thru and close below critical support at 1.6185. . .
i am slightly confused over the reasonings for these and the way the currencies relate to each other.

selling every rally on ucad would mean wanting dollar weakness and cad strengtg. but selling gu and eu mean dollar strength.

then buying gj at least to 147 would mean pound strength/yen weakness, at the same time as pound weakness and dollar strength on gu? (except you just wanted dollar weakness on ucad?)

of course it may all be correct but i am wondering the reasons behind it as it would seem some of those contradict each other? this is one of the reasons i have avoided gj for a couple of weeks now. im shorting gu but i dont want to sell the pound on one pair and buy it on another, it seems to contradict itself.
  • #210,303
  • Dec 14, 2009 12:42pm Dec 14, 2009 12:42pm
MAs on UJ all squeezed up... hmm.
Attached Image (click to enlarge)
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #210,304
  • Dec 14, 2009 1:33pm Dec 14, 2009 1:33pm
Quoting ewokuk
i am slightly confused over the reasonings for these and the way the currencies relate to each other.

selling every rally on ucad would mean wanting dollar weakness and cad strengtg. but selling gu and eu mean dollar strength.

then buying gj at least to 147 would mean pound strength/yen weakness, at the same time as pound weakness and dollar strength on gu? (except you just wanted dollar weakness on ucad?)

of course it may all be correct but i am wondering the reasons behind it as it would seem some of those contradict each other? this is...
We are really suggesting selling UCAD rallies and buying the dollar weakness in EU and GU. . . That would take care of that. . . In other words we are seeing an upside in both EU and GU for now. . .

As for GJ it will be trapped in the middle of dollar weakness and jpy strength. . . so we could see it go sideways or slightly dn or slighty up depending on the the strength of jpy vs usd. . .

Also wouldn't be selling pound right here as I see higher price to sell at. . .
  • #210,305
  • Dec 14, 2009 1:39pm Dec 14, 2009 1:39pm
well i shorted gu at 6263 earlier so im deciding whether to run for cover now or just ride out the little rally and sell again 6350 to 6400. only problem with that is selling again higher up creates an even bigger problem if it again continues up past 6400

it LOOKS like its at big resistance and has held just under the weekly pivot at 6314, plus previous resistance between here at 6350. i was actually looking to short again here just above 6300 and average myself out if need be, but again if it continues up to 6400 its then twice as bad
  • #210,306
  • Dec 14, 2009 1:47pm Dec 14, 2009 1:47pm
Quoting ewokuk
well i shorted gu at 6263 earlier so im deciding whether to run for cover now or just ride out the little rally and sell again 6350 to 6400. only problem with that is selling again higher up creates an even bigger problem if it again continues up past 6400

it LOOKS like its at big resistance and has held just under the weekly pivot at 6314, plus previous resistance between here at 6350. i was actually looking to short again here just above 6300 and average myself out if need be, but again if it continues up to 6400 its then twice as...
Trade yr charts bro. . . price could do anything at this point but short-term I'm seeing that price has created a base at 1.6215 area and we have close above the low for the past 4 days. . . so either we try above the UTL to determine where resistance lies or we range between 1.633/400 and 1.6200 area until we get a break out. . .
  • #210,307
  • Dec 14, 2009 2:10pm Dec 14, 2009 2:10pm
Quoting quecee5
Trade yr charts bro. . . price could do anything at this point but short-term I'm seeing that price has created a base at 1.6215 area and we have close above the low for the past 4 days. . . so either we try above the UTL to determine where resistance lies or we range between 1.633/400 and 1.6200 area until we get a break out. . .
if i could trade my charts id be rich by now

hard to tell. i think 6325 may be resistant if it gets there and theres plenty at 6350. ill hold it for now without adding anything and see wot it does overnight. i may wake up in profit with a bit of luck
  • #210,308
  • Dec 14, 2009 2:16pm Dec 14, 2009 2:16pm
Quoting quecee5
It'll get there just have to stay patient with it but I see it as a gd short opportunity up there for a touch of 135/137. . .

thanks bro
  • #210,309
  • Dec 14, 2009 2:30pm Dec 14, 2009 2:30pm
apparently live saying there are some options at 4500 in eu which the market me go gunning for. hes almost always wrong though but if eu does go gunning for it over next couple of days, might take gu down with it.
  • #210,310
  • Dec 14, 2009 6:40pm Dec 14, 2009 6:40pm
prices have been at the 144.50 area for awhile now. I don't think anything will happen before euro session.
  • #210,311
  • Dec 14, 2009 7:28pm Dec 14, 2009 7:28pm
Asia is dead again. Bring on the new year!
"Don't trade to trade . . . trade to win." - James16
  • #210,312
  • Dec 14, 2009 7:31pm Dec 14, 2009 7:31pm
Eulogy what's the word from the US treasury? What you seeing? Looks like tax revenues continue to plummet, resulting in lots and lots of supply next year. When will the stock market be sacrificed to save the treasury market? Gotta happen at some point . . .
"Don't trade to trade . . . trade to win." - James16
  • #210,313
  • Dec 14, 2009 8:28pm Dec 14, 2009 8:28pm
Quoting Flem26
Eulogy what's the word from the US treasury? What you seeing? Looks like tax revenues continue to plummet, resulting in lots and lots of supply next year. When will the stock market be sacrificed to save the treasury market? Gotta happen at some point . . .
There's been some pretty vicious whipsaws in the TSY market since the beginning of the month - NFP Friday 4 saw a 11 bps spike in the 2yr. The overall movement however is bullish on yields, at least so far. While a bullish equity market could be inferred by bullish yields on the bond market the level of movement certainly suggested that the equity market is once again nervous in pushing up too quickly. 2yr yields sitting currently at 83.87bps +4.04bps during the Asian session. I really can't be sure whether its those bigwigs closing their books for the hols or investors starting to get twitchy and demand more yield for holding tsys. Personally my bet is on the latter as tax receipts continue to get cratered while the Dubai news certainly isn't inspiring Moody's Aaa rubberstamped confidence such that it is...
  • #210,314
  • Dec 14, 2009 8:44pm Dec 14, 2009 8:44pm
Quoting Eulogy
There's been some pretty vicious whipsaws in the TSY market since the beginning of the month - NFP Friday 4 saw a 11 bps spike in the 2yr. The overall movement however is bullish on yields, at least so far. While a bullish equity market could be inferred by bullish yields on the bond market the level of movement certainly suggested that the equity market is once again nervous in pushing up too quickly. 2yr yields sitting currently at 83.87bps +4.04bps during the Asian session. I really can't be sure whether its those bigwigs closing their books...
I hear ya . . . the 10-year is banging right on that line again. Is it going to break this time or what? Not sure what the deal is, but this crap is not sustainable. Something has got to give . . . meanwhile, old girl geppy trying to hit 145 again
"Don't trade to trade . . . trade to win." - James16
  • #210,315
  • Dec 14, 2009 8:47pm Dec 14, 2009 8:47pm
does anyone else think it could fall from 145
  • #210,316
  • Dec 14, 2009 8:51pm Dec 14, 2009 8:51pm
ok. it happened sooner than i thought. took long at 144.50 closed it out.
  • #210,317
  • Dec 14, 2009 8:52pm Dec 14, 2009 8:52pm
Quoting Clouds
does anyone else think it could fall from 145
possibly. that's why i took my 50 pips at 145.02

u/j looks like it wants to make a run.
  • #210,318
  • Dec 14, 2009 8:54pm Dec 14, 2009 8:54pm
Quoting sed34
ok. it happened sooner than i thought. took long at 144.50 closed it out.
i dont think so..it should break it and rise to 147...we have more room to go up in mid term...
MY OPINION NOT FINANCIAL ADVISE
  • #210,319
  • Dec 14, 2009 8:55pm Dec 14, 2009 8:55pm
Quoting donfriday
i dont think so..it should break it and rise to 147...we have more room to go up in mid term...
could be. i will wait for my system to give me another entry.

clear cut system trader
  • #210,320
  • Dec 14, 2009 8:57pm Dec 14, 2009 8:57pm
Quoting Clouds
does anyone else think it could fall from 145
nothing should hold 145 from breaken..we already had major pull back on fibo 50% so enjoy the break to the up side 147 my first target.
MY OPINION NOT FINANCIAL ADVISE
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