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

  • #210,801
  • Dec 23, 2009 9:29am Dec 23, 2009 9:29am
Quoting vinesh2
Q in da house
Zup "V"
  • #210,802
  • Dec 23, 2009 9:33am Dec 23, 2009 9:33am
Not much bro I think UJ on its way to mid 90 area. EU doing its corrective bounce. I am seeing may 1.55 in the near future on that what ya think?
  • #210,803
  • Dec 23, 2009 9:36am Dec 23, 2009 9:36am
closed my Longs
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  • #210,804
  • Dec 23, 2009 9:37am Dec 23, 2009 9:37am
Quoting vinesh2
Not much bro I think UJ on its way to mid 90 area. EU doing its corrective bounce. I am seeing may 1.55 in the near future on that what ya think?
  • #210,805
  • Dec 23, 2009 9:38am Dec 23, 2009 9:38am
Quoting quecee5
Well lets see some liquidation 1st and a close below 146 and a break of 145.50 and I'll hold for a while. . . News not gd so I don't see anyone buying esp. going into month/year end. . .
eu is breaken 4hrs Gan first time this month...this will be interesting.
MY OPINION NOT FINANCIAL ADVISE
  • #210,806
  • Dec 23, 2009 9:40am Dec 23, 2009 9:40am
Quoting vinesh2
Not much bro I think UJ on its way to mid 90 area. EU doing its corrective bounce. I am seeing may 1.55 in the near future on that what ya think?
http://www.bloomberg.com/apps/news?p...d=awiapN3Tj80o

Tke with a grain of salt but keep in yr hip pocket!

By Rocky Swift

Dec. 22 (Bloomberg) -- Eisuke Sakakibara, formerly Japan’s top currency official, said the yen may climb to 80 to the dollar early next year.
Japan’s governent would find it difficult to intervene effectively to weaken the yen, Sakakibara said at an event today in Tokyo hosted by Citigroup Global Markets Japan Inc.

A stronger yen, weaker stocks and deflation could cause Japan’s economy to face a double-dip recession, he said. Sakakibara became known as “Mr. Yen” during his 1997-1999 tenure at the Ministry of Finance for his efforts to influence the yen rate through verbal and actual intervention in the currency markets.
  • #210,807
  • Dec 23, 2009 9:40am Dec 23, 2009 9:40am
Thinking of selling house, toilet, canned food etc at 1.55 lvl.
  • #210,808
  • Dec 23, 2009 9:41am Dec 23, 2009 9:41am
Yep Q i read that article yesterady
  • #210,809
  • Dec 23, 2009 9:45am Dec 23, 2009 9:45am
Q, any idea what is a good hegde for UCAD? Pretty much "kibashed" my UCAD long http://www.bloomberg.com/apps/news?p...XJxHy6tA&pos=7
  • #210,810
  • Dec 23, 2009 9:46am Dec 23, 2009 9:46am
Quoting vinesh2
Q, any idea what is a good hegde for UCAD? Pretty much "kibashed" my UCAD long http://www.bloomberg.com/apps/news?p...XJxHy6tA&pos=7

u know how I feel about ucad. . .
  • #210,811
  • Dec 23, 2009 9:49am Dec 23, 2009 9:49am
Quoting USD-Bear
Good morning all,

Added short @ 146.70 last night.
Fully loaded now, SL 148.1 for all, no trailing for the time being
TP lets see
Got all stops trailing now Appr. 210 pips distance
Don't be a hero. Don't have an ego. Always question yourself
  • #210,812
  • Dec 23, 2009 10:18am Dec 23, 2009 10:18am
This looks good for GJ bears.....
Don't be a hero. Don't have an ego. Always question yourself
  • #210,813
  • Dec 23, 2009 10:55am Dec 23, 2009 10:55am
Quoting USD-Bear
This looks good for GJ bears.....
Not much has changed in my opinion...

1hr tests trendline support and holds, confirming a double bottom in about 8 minutes.

4hr working on putting in it's double bottom, testing and holding 50sma and also holding uptrend support.

Lots of pressure on the horizontal 146.85 line this week, testing it twice. You know what they say about the third time...
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check out my blog: forexmademillionaire dot com
  • #210,814
  • Dec 23, 2009 11:05am Dec 23, 2009 11:05am
Quoting Geppy
Not much has changed in my opinion...

1hr tests trendline support and holds, confirming a double bottom in about 8 minutes.

4hr working on putting in it's double bottom, testing and holding 50sma and also holding uptrend support.

Lots of pressure on the horizontal 146.85 line this week, testing it twice. You know what they say about the third time...
My main reasoning is the relationship USD versus JPY versus GBP.
In general GBP should be weaker then USD
Downmove USD strengthens JPY if this occurs it should be alright for GJ bears as long as GU does not strengthen.
This is not the case and USD weakens further so GJ is going down.

PS, no charts involved
As always I could be deadly wrong....
Don't be a hero. Don't have an ego. Always question yourself
  • #210,815
  • Dec 23, 2009 11:18am Dec 23, 2009 11:18am
Quoting USD-Bear
My main reasoning is the relationship USD versus JPY versus GBP.
In general GBP should be weaker then USD
Downmove USD strengthens JPY if this occurs it should be alright for GJ bears as long as GU does not strengthen.
This is not the case and USD weakens further so GJ is going down.

PS, no charts involved
As always I could be deadly wrong....
I agree... in theory. But, markets don't always act the way we expect them to and until major supports have been broken PA is telling me that it's putting pressure on that 146.85 resistance. Either way, the move will be explosive and I'm anxious for it to happen... whichever way it comes.
check out my blog: forexmademillionaire dot com
  • #210,816
  • Dec 23, 2009 11:36am Dec 23, 2009 11:36am
Happy Christmas and good luck in New Year!
GJ goes downwards.
???? ????!
  • #210,817
  • Dec 23, 2009 11:51am Dec 23, 2009 11:51am
Merry Christmas And Happy New Year to all trader.
  • #210,818
  • Dec 23, 2009 12:04pm Dec 23, 2009 12:04pm
Quoting psv
Happy Christmas and good luck in New Year!
GJ goes downwards.
1k pips south for my new year's present
  • #210,819
  • Dec 23, 2009 1:39pm Dec 23, 2009 1:39pm
AGAIN, the safest approach is to keep in mind that main downtrend is DOWN, therefore resistances are expected to be stronger than supports -of course, until proven otherwise... which would mean a confirmation that a new uptrend started... but that's another story.

so in our case, if 146.80 is holding, then down we go . if it isn't, then 148.50 would be tested as MAJOR resistance... and if this makes way, then 152 is next and last one. you can't say or think UP when your major trend is down; even if it goes up, just wait patiently and then reload in the main direction (whatever that direction is).

Quoting Geppy
I agree... in theory. But, markets don't always act the way we expect them to and until major supports have been broken PA is telling me that it's putting pressure on that 146.85 resistance. Either way, the move will be explosive and I'm anxious for it to happen... whichever way it comes.
Nihil Sine Deo.
  • #210,820
  • Dec 23, 2009 2:08pm Dec 23, 2009 2:08pm
Quoting Scrat
AGAIN, the safest approach is to keep in mind that main downtrend is DOWN, therefore resistances are expected to be stronger than supports -of course, until proven otherwise... which would mean a confirmation that a new uptrend started... but that's another story.

so in our case, if 146.80 is holding, then down we go . if it isn't, then 148.50 would be tested as MAJOR resistance... and if this makes way, then 152 is next and last one. you can't say or think UP when your major trend is down; even if it goes up, just wait patiently and then reload...
Right you are, it's sometimes just too tempting trying to explain every move which I (we) can't.
Don't be a hero. Don't have an ego. Always question yourself
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