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

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

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#220,801
Apr 14, 2010 1:32am Apr 14, 2010 1:32am

Beljevina
Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts

Also wanted to mention that UJ's made a fairly significant IMHO breakout of a 2 week old TL it's been adhering to, ever since the explosion to 94.6; GJ is far more tightly correlated with UJ than to GU lately. Just another BS bullish sign.

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#220,802
Apr 14, 2010 1:35am Apr 14, 2010 1:35am

FX Beginner
| Joined Mar 2008 | Status: Trader | 103 Posts

Quoting Geppy

Disliked

LOL another Gucc alias praising himself... classic!

Ignored

You can just go back to our profiles, and it don't need a genius to judge how good his analysis is ..............

#220,803
Apr 14, 2010 1:36am Apr 14, 2010 1:36am

jckm
| Joined Jul 2008 | Status: Trader | 2,130 Posts

Chart eur/jpy - target 126,30 (if test fails 124,34 is then support) See chart

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Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK

#220,804
Apr 14, 2010 1:40am Apr 14, 2010 1:40am

ukdaytrader
Joined Dec 2008 | Status: Trader | 2,753 Posts

Quoting FX Beginner

Disliked

You can just go back to our profiles, and it don't need a genius to judge how good his analysis is ..............

Ignored

Regurgitating analysis that Quecee made 2 weeks ago does not represent good.

Anyway, hello Gucc/Zweig. etc

#220,805
Apr 14, 2010 1:43am Apr 14, 2010 1:43am

Boon Doc
| Joined Apr 2010 | Status: Trader | 36 Posts

Quoting ukdaytrader

Disliked

Today looks bullish. Let's go with the flow.

A retest of 145 looks very likely atm.

All shorts will be fully hedged if we break 145.

Ignored

What would your exit strategy be if you find yourself fully hedged?
Thanks

#220,806
Apr 14, 2010 1:57am Apr 14, 2010 1:57am

ukdaytrader
Joined Dec 2008 | Status: Trader | 2,753 Posts

Quoting Boon Doc

Disliked

What would your exit strategy be if you find yourself fully hedged?
Thanks

Ignored

That's the million $ question.

I will simply go into suck it and see mode. If I see signs of a buying climax on high volume, I will look to offload. I'll trail a stop if we move significantly above 145, so any buying climax 'should' be caught.

#220,807
Apr 14, 2010 2:03am Apr 14, 2010 2:03am

Beljevina
Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts

Quoting Beljevina

Disliked

Current PA certainly looks bullish. Given the current time of day (proximity to FTSE opening), we're most likely going the 50 pips to (re)test 144.5, and given the overall positive immediate short-term sentiment & pre-FTSE opening, a customary 100 pip GJ ride to 145 would not surprise me.

Ignored

Hmm, GU and some UJ selling hit (or short covering?). Currently testing 143.55 and dayold TL support. Might need to go to 143.15 Let's see where they take it.

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#220,808
Apr 14, 2010 2:13am Apr 14, 2010 2:13am

alexm
| Joined Jun 2009 | Status: Trader | 261 Posts

If the current 4hr candle close with a doji, I will short GJ with target 142.38

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#220,809
Apr 14, 2010 2:13am Apr 14, 2010 2:13am

Traderdesk
| Commercial User | Joined Feb 2010 | 189 Posts

Quoting Beljevina

Disliked

Also wanted to mention that UJ's made a fairly significant IMHO breakout of a 2 week old TL it's been adhering to, ever since the explosion to 94.6; GJ is far more tightly correlated with UJ than to GU lately. Just another BS bullish sign.

Ignored

This could be part of the pattern where dollar carry trade is being replaced by yen carry trade with U/J and G/J being effected... Interest-rates and risk appetite are increasing as the year goes on... VIX which for me reflects risk appetite is at a multi-year low so the pieces are coming together...

Traderdesk -

#220,810
Apr 14, 2010 2:19am Apr 14, 2010 2:19am

kegra
| Commercial User | Joined Dec 2007 | 88 Posts

Quoting Traderdesk

Disliked

This could be part of the pattern where dollar carry trade is being replaced by yen carry trade with U/J and G/J being effected... Interest-rates and risk appetite are increasing as the year goes on... VIX which for me reflects risk appetite is at a multi-year low so the pieces are coming together...

Ignored

G/J i think will be in trouble soon if people want high yield will go to aud but GBP is not the case until after elections and at least a rate hike, me remain bearish after we touch monday open around 144.50... if we touch.

#220,811
Apr 14, 2010 2:26am Apr 14, 2010 2:26am

Beljevina
Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts

Quoting Traderdesk

Disliked

This could be part of the pattern where dollar carry trade is being replaced by yen carry trade with U/J and G/J being effected... Interest-rates and risk appetite are increasing as the year goes on... VIX which for me reflects risk appetite is at a multi-year low so the pieces are coming together...

Ignored

I agree things are lining up in yet another unique and concerning way, creating concern (by those who care & understand) on what's up next. The next hurdle & barometer will be JP Morgan's earnings in the US morning - if they disappoint, UJ will do -50 pips, GJ -100; opposite effect, although maybe not as dramatic if they do well. Markets are really a day-by-day affair lately - the reality is few are buying the current goodness, but everyone wants to continue pushing the envelope, hence it's a daytrade game until meaningful movement occurs; the reality is everyone's closets are full of boogey men and carts full of bad news.

#220,812
Apr 14, 2010 2:29am Apr 14, 2010 2:29am

uncletrumpet
| Joined May 2007 | Status: Omo 9ja | 637 Posts

Quoting kegra

Disliked

G/J i think will be in trouble soon if people want high yield will go to aud but GBP is not the case until after elections and at least a rate hike, me remain bearish after we touch monday open around 144.50... if we touch.

Ignored

Your eyes are the best indicators, I listen to few in this room, many are guessing, I am sure the resistance has been broken, the strong pull back are distracations. On GU we shall see 1.5490 today and for GJ we shall see 144.70 today, UJ will even help GJ to soar very well. Meanwhile lets be on the line waiting. Listen to SCRAT very well, He is a seasoned and mature trader.

#220,813
Apr 14, 2010 2:38am Apr 14, 2010 2:38am

kegra
| Commercial User | Joined Dec 2007 | 88 Posts

Quoting uncletrumpet

Disliked

Your eyes are the best indicators, I listen to few in this room, many are guessing, I am sure the resistance has been broken, the strong pull back are distracations. On GU we shall see 1.5490 today and for GJ we shall see 144.70 today, UJ will even help GJ to soar very well. Meanwhile lets be on the line waiting. Listen to SCRAT very well, He is a seasoned and mature trader.

Ignored

as everyone i dont know the future for sure, but as crisis helps governments and in general creates fear=control safe heaven as the yen even if BOJ dont want will eventually strengthen more, i keep positions for weeks in many cases so might my time-frame is different for what you are looking, we must break 145.50 and stay above in a daily close then i will consider building longs.

#220,814
Apr 14, 2010 2:40am Apr 14, 2010 2:40am

mywin
| Joined Apr 2010 | Status: Trader | 5 Posts

Hi senior and hi all..! first post fr junior member...hehehttp://img248.imageshack.us/img248/8243/29348392.gif

is it bearish gartley form tf1H..

i think it will going down...!

#220,815
Apr 14, 2010 3:16am Apr 14, 2010 3:16am

Traderdesk
| Commercial User | Joined Feb 2010 | 189 Posts

Reviewing my charts I will start to increase my longs especially if we stay above 143.50 at the end of the day.

I had wanted the PA to go down to 139.50 several days ago and was positioned for it but no go. I had hedge myself in case it went up(unlikely at the time) but the picture has changed enough for me to go bullish bias once again... It is a day by day call but so far today I am bullish...

Traderdesk -

#220,816
Apr 14, 2010 3:16am Apr 14, 2010 3:16am

uncletrumpet
| Joined May 2007 | Status: Omo 9ja | 637 Posts

I have always listen too much to what others are saying until years back I discovered analysing the market myself and listening to some few mentors to double check and filter my analyses. TRADE WHAT YOU SEE NOT WHAT THEY SAY.

Quoting mywin

Disliked

Hi senior and hi all..! first post fr junior member...hehehttp://img248.imageshack.us/img248/8243/29348392.gif

is it bearish gartley form tf1H..

i think it will going down...!

Ignored

#220,817
Edited 5:03am Apr 14, 2010 3:18am | Edited 5:03am