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

  • #218,241
  • Mar 14, 2010 3:15pm Mar 14, 2010 3:15pm
right. at the moment audjpy is 60 pips up from ny close. gj is about 10 pips up.

we have jap end of financial year over next 2 weeks could see the yen pairs dropping as big jap companies bring home profits form abroad (means buying yen). It may not happen or have much effect, but ill be a bit nervous going long on the yen pairs until after end of march now.
  • #218,242
  • Mar 14, 2010 3:42pm Mar 14, 2010 3:42pm
Quoting ewokuk
right. at the moment audjpy is 60 pips up from ny close. gj is about 10 pips up.

we have jap end of financial year over next 2 weeks could see the yen pairs dropping as big jap companies bring home profits form abroad (means buying yen). It may not happen or have much effect, but ill be a bit nervous going long on the yen pairs until after end of march now.
I know what you mean but I think Toyota's 2 or more billion loss will have some influence.
I'm waiting till Oanda's spread goes down to normal levels (now 15) to go long for a first target of 139, then maybe 141

And after we reach 141, I will allow it to drop.

Shamu
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  • #218,243
  • Mar 14, 2010 3:55pm Mar 14, 2010 3:55pm
Quoting KillerWhale
I know what you mean but I think Toyota's 2 or more billion loss will have some influence.
I'm waiting till Oanda's spread goes down to normal levels (now 15) to go long for a first target of 139, then maybe 141

And after we reach 141, I will allow it to drop.

Shamu
yeh on gj 139 or 141 are certainly possible before the japan year end flows take effect i guess. 139 certainly possible today if its an up day its within its average range. im nervous going long on any pound pair though. all it takes is one poll that shows a hung parliament is even more likely and it could tank a few hundred pips again, and them polls can come out at any time (and with increasing regularity now the election is getting close).

139 should be huge resistance. it may spike above it to catch some stops and pull in longs before it gets sold off. im not so sure about 141. i expect what it might do is get to around 139, then wait for a news event to spike it up so they can sell the crap out of it into all the news buying, that seems to be the usual tactic, it certainly wont be catching me out again.
  • #218,244
  • Mar 14, 2010 4:53pm Mar 14, 2010 4:53pm
Quoting ewokuk
yeh on gj 139 or 141 are certainly possible before the japan year end flows take effect i guess....
My reasoning is this:

139 is about 61.8 fib
141 is about 78.6 fib,

and GJ is well known historically about reaching 78.6 retracements.

This should all be completed before the year end starts.
That is also why I think that GJ will drop for a while after 141

Shamu,

and don't forget, it is just my opinion.

I'll attach the daily chart.

All indicators look upwards.
Attached Image
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  • #218,245
  • Mar 14, 2010 5:33pm Mar 14, 2010 5:33pm
First long is in, 137.50, target 139
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  • #218,246
  • Mar 14, 2010 6:40pm Mar 14, 2010 6:40pm
Quoting Scrat
food for thought: is this what a healthy rally should look like?
food for thought: hell no.
  • #218,247
  • Mar 14, 2010 6:50pm Mar 14, 2010 6:50pm


Quoting pkimnyc
food for thought: hell no.
[
  • #218,248
  • Mar 14, 2010 6:51pm Mar 14, 2010 6:51pm
usd/jpy control all pairs ***/jpy
usd/jpy has strong levels @ 91.40 , 91.80 and 92 and it is very hard to break all this levels so in my opinion there is a good entry sell @ 139 and sell again @ 141 if it reach to it
sl: usd/jpy break 92
{Promotion Removed}
  • #218,249
  • Mar 14, 2010 9:52pm Mar 14, 2010 9:52pm
Looks pretty good to me. As of now we are almost sitting on the 50% fib. it may kick back before going to 139 .
When is the end of the Japan New Year
Thanks
Dean

Quoting KillerWhale
First long is in, 137.50, target 139
  • #218,250
  • Mar 14, 2010 9:56pm Mar 14, 2010 9:56pm
Hey guys, just wondering what everyone's open price was. My broker showed we opened at 135.40 and then shot straight up to Friday's close levels. I thought it was an error on the platform but realized I had an open order to buy at 135.50 and it was filled... I'm not complaining, that's a free 200 pips
check out my blog: forexmademillionaire dot com
  • #218,251
  • Mar 14, 2010 9:58pm Mar 14, 2010 9:58pm
u girls need to stop acting like a bunch of school girls and get your head on straight......traders .........










jk lol
Annoying Precision
  • #218,252
  • Mar 14, 2010 10:05pm Mar 14, 2010 10:05pm
Quoting Geppy
Hey guys, just wondering what everyone's open price was. My broker showed we opened at 135.40 and then shot straight up to Friday's close levels. I thought it was an error on the platform but realized I had an open order to buy at 135.50 and it was filled... I'm not complaining, that's a free 200 pips
135.5? Is that a typo? How could that be possible? I show it opened 137.644. I was also checking oanda & had other web charting services up, and the 5pm EST open was quite normal, except for a slight gap. An hour or two before open I *think* I saw it up at 138.09. If you got it at 135.5 that's like the monopoly square/card that says bank error in your favour - collect $200!
  • #218,253
  • Mar 14, 2010 10:18pm Mar 14, 2010 10:18pm
Quoting Geppy
Hey guys, just wondering what everyone's open price was. My broker showed we opened at 135.40 and then shot straight up to Friday's close levels. I thought it was an error on the platform but realized I had an open order to buy at 135.50 and it was filled... I'm not complaining, that's a free 200 pips
Nope, opened at 137.7. Most likely a misquote. Does your broker reverse those errors?
  • #218,254
  • Mar 15, 2010 1:05am Mar 15, 2010 1:05am
Quoting Eulogy
Nope, opened at 137.7. Most likely a misquote. Does your broker reverse those errors?
No idea, just moved to them this month... MBTrading. Here is the candle on a screen shot.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy open.gif Size: 81 KB
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  • #218,255
  • Mar 15, 2010 1:19am Mar 15, 2010 1:19am
Different look @ trendline?

Quoting Geppy
No idea, just moved to them this month... MBTrading. Here is the candle on a screen shot.
Attached Image (click to enlarge)
Click to Enlarge Name: StreamingServer.gif Size: 24 KB
  • #218,256
  • Mar 15, 2010 2:10am Mar 15, 2010 2:10am
a magnetic levels for GJ to reach this week after taking the long direction by crossing the 2 x 50% fibo of 2 major trends of last weeks
Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 121 KB
  • #218,257
  • Mar 15, 2010 3:08am Mar 15, 2010 3:08am
Hmmmmm not much interesting things going on here.
All our great stars are asleep?
(Just asking)
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  • #218,258
  • Mar 15, 2010 3:26am Mar 15, 2010 3:26am
Quoting KillerWhale
Hmmmmm not much interesting things going on here.
All our great stars are asleep?
(Just asking)

Just getting interesting shorting this..
  • #218,259
  • Mar 15, 2010 3:27am Mar 15, 2010 3:27am
Quoting Myrza
Just getting interesting shorting this..
Not me !!!
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  • #218,260
  • Mar 15, 2010 3:34am Mar 15, 2010 3:34am
Quoting KillerWhale
Not me !!!

Maybe 136 or 135.5 is a better place to add more long.
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