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

  • #213,101
  • Jan 26, 2010 2:01am Jan 26, 2010 2:01am
Quoting USD-Bear
News isn't earthshocking imo
Maybe not earth shocking, but remember, it fits very nicely with the BoJ's desire for a weaker Yen.

If they're looking to weaken the Yen further, today might be the day they sell some Yen. We'll see...
  • #213,102
  • Jan 26, 2010 2:01am Jan 26, 2010 2:01am
Quoting special0nefx
Lol...your ur bear power Bear
Next story is downgrading UK I'd like to wittness that
Don't be a hero. Don't have an ego. Always question yourself
  • #213,103
  • Jan 26, 2010 2:03am Jan 26, 2010 2:03am
Quoting ukdaytrader
Maybe not earth shocking, but remember, it fits very nicely with the BoJ's desire for a weaker Yen.

If they're looking to weaken the Yen further, today might be the day they sell some Yen. We'll see...
ya, that's a good point of selling weak Yen 1st.
  • #213,104
  • Jan 26, 2010 2:22am Jan 26, 2010 2:22am
So much contra news out there ... although there's optimism on the GDP #'s due in 70 min - Brown is 'confident' - Erik Britton of Fathom Fin. was just talking on Bloomberg, and is expecting negative news. Be prepared for that possibility.
  • #213,105
  • Jan 26, 2010 2:27am Jan 26, 2010 2:27am
lets put it this way, if gdp is as expected or slightly better, pound will probably gradually move up.

if gdp is 0 or worse the pound will probably get done for several hundred pips in couple of hours.

so risk to reward is look for a short
  • #213,106
  • Jan 26, 2010 2:28am Jan 26, 2010 2:28am
Looks like the JPN news was a good opportunity for the sellers to get better price....PA points for a down move....wait & see
COT: The precious data ignored
  • #213,107
  • Jan 26, 2010 2:31am Jan 26, 2010 2:31am
GU is moving up so market maybe know what is news and moves in that direction...?
The Market pays you to be disciplined
  • #213,108
  • Jan 26, 2010 2:36am Jan 26, 2010 2:36am
Quoting mima
GU is moving up so market maybe know what is news and moves in that direction...?
Is that a fact. If GU moving up, GJ is follow up?
  • #213,109
  • Jan 26, 2010 2:36am Jan 26, 2010 2:36am
Quoting mima
GU is moving up so market maybe know what is news and moves in that direction...?
Yeh....or another fake move up like it love to do...we'll see in 1h
COT: The precious data ignored
  • #213,110
  • Jan 26, 2010 3:00am Jan 26, 2010 3:00am
UJ has crazy moments today....!
The Market pays you to be disciplined
  • #213,111
  • Jan 26, 2010 3:13am Jan 26, 2010 3:13am
Any bets on which way the GDP # will go? Brown's so unpopular, that it'd be suicidal for him to state "I'm confident the economy's grown" and then turn out to be wrong. Would be nice if they're dropping GY to allow better buying deals. If Brown's wrong, given the conflicting Japan news, we're going to whipsaw like never before.

EDIT: Looks like GY's traveling back to 145.1, along with the red of FTSE.
  • #213,112
  • Jan 26, 2010 3:18am Jan 26, 2010 3:18am
Quoting Beljevina
Any bets on which way the GDP # will go? Brown's so unpopular, that it'd be suicidal for him to state "I'm confident the economy's grown" and then turn out to be wrong. Would be nice if they're dropping GY to allow better buying deals. If Brown's wrong, given the conflicting Japan news, we're going to whipsaw like never before.

EDIT: Looks like GY's traveling back to 145.1, along with the red of FTSE.
So What to do ...Better not trade or SHORT...IT...
Markets are not Random, they are designed!
  • #213,113
  • Jan 26, 2010 3:21am Jan 26, 2010 3:21am
raza..what EW wave are we now in,,in your bulltrend ?? .. wave d of an uptrend??
  • #213,114
  • Jan 26, 2010 3:26am Jan 26, 2010 3:26am
good morning guys,

yeaaaaaah , i am in the right siiiiide , happy pipin to all kabooms
Making money not by predicting just by following ...
  • #213,115
  • Jan 26, 2010 3:31am Jan 26, 2010 3:31am
lol. Joke figures.

Staying short bias I think...
  • #213,116
  • Jan 26, 2010 3:32am Jan 26, 2010 3:32am
CRAZY SPIKE AT SYDNEY CLOSING..
Attached Image
MY OPINION NOT FINANCIAL ADVISE
  • #213,117
  • Jan 26, 2010 3:35am Jan 26, 2010 3:35am
#'s look below expectations, but positive growth. Fx market is confused, albeit things are really priced in. New combination of events on this one.
  • #213,118
  • Jan 26, 2010 3:36am Jan 26, 2010 3:36am
Quoting donfriday
CRAZY SPIKE AT SYDNEY CLOSING..

yip,and more to come..
  • #213,119
  • Jan 26, 2010 3:37am Jan 26, 2010 3:37am
PA and vol rarely lie...i'll stay with my shorts until the downmove is exhausted
COT: The precious data ignored
  • #213,120
  • Jan 26, 2010 3:39am Jan 26, 2010 3:39am
Quoting Gucc
raza..what EW wave are we now in,,in your bulltrend ?? .. wave d of an uptrend??
Last wave 5 ..

Correction or Triangle was for Wave 4..

Posted Some charts before..last Friday...which Gave me 200 pips...

I am not buying selling ...and Holding...just doing my Daily targets...I am not a Swing Trader...

Done way over Daily target today...but Fingers are still itchy to short till 143.45 as mentioned earlier...

I am not in competition with any one just adding Gains to my Account...There is no need to MOCK...
Markets are not Random, they are designed!
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