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

  • #222,601
  • Apr 27, 2010 10:45am Apr 27, 2010 10:45am
Quoting Piters
go and watch the GS SOAP OPERA in live ..

http://preview.bloomberg.com/tv/ ,, cheers
Wish I could, but I'm at my real job right now.
check out my blog: forexmademillionaire dot com
  • #222,602
  • Apr 27, 2010 10:45am Apr 27, 2010 10:45am
theoretically, this should stop anywhere between 142.65 and 141.60... that's where i see support area for now.

anyway, looks like london is almost done so i don't expect anymore action until asia will kick in later today. but... anything could happen.
Nihil Sine Deo.
  • #222,603
  • Apr 27, 2010 10:46am Apr 27, 2010 10:46am
Quoting Kofmaster
This thing looks just like doesn't want to retrace at all
I lowered my reatrcement to 143.92...from there I will place more solid shorts
  • #222,604
  • Apr 27, 2010 10:54am Apr 27, 2010 10:54am
Well, Mr Birhman - or whatever your name is, from GS.

My charts - specifically my GY short, is looking pretty good this afternoon.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #222,605
  • Apr 27, 2010 11:00am Apr 27, 2010 11:00am
Quoting kourtney
I lowered my reatrcement to 143.92...from there I will place more solid shorts
Looking at the candlesticks now. I 'm not really convinced that it will go that high. Just look at this H4 candle, its the longest H4 candle I ever see these few weeks ago. Momentum is quite heavy, however London just ended we will see.
Read the entire market, money is made on the main trend not the fluctuation
  • #222,606
  • Apr 27, 2010 11:02am Apr 27, 2010 11:02am
Quoting Tsudo
This makes me sick..

I shorted up at 145.60 or so but got stopped out because of the next big run up...what the hell am I doing wrong? I've lost a large percentage of my account because of things like that...

Thanks
What was your stop level?
Anything more than 50-75 pips distance is needed to stay in to this beast, check history....
Don't be a hero. Don't have an ego. Always question yourself
  • #222,607
  • Apr 27, 2010 11:05am Apr 27, 2010 11:05am
Quoting USD-Bear
What was your stop level?
Anything more than 50-75 pips distance is needed to stay in to this beast, check history....
The stop was about 146.00, because it was during the time when it was uncertain which way it was going to go I guess...It was at the top of the weekly channel but I guess it presented a false breakout -- it was this [false] breakout which was going to trigger my stop.
  • #222,608
  • Apr 27, 2010 11:08am Apr 27, 2010 11:08am
Hi bro

Are we ready for 2 digits finally ?

what's ur weekly/monthly view ?

105 maybe ? till the end of the year ?

Quoting Piters
2 news just hit the ticker

1. *PORTUGAL RATINGS CUT BY S&P, OUTLOOK NEGATIVE


2. *greece sovereign credit ratings cut to junk by s&p
  • #222,609
  • Apr 27, 2010 11:09am Apr 27, 2010 11:09am
GS 'young guns' are floundering. Top dogs staying the hell out of the way and probably drawing up the severance packages for these scapegoats up before the panel today.

UC on steroids.

The pound - pff, what can you say.

I like this Mr. Kaufman.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #222,610
  • Apr 27, 2010 11:11am Apr 27, 2010 11:11am
It's rare to see GJ move 300+ pips in a single day like this. It doesn't happen very often. I was expecting a retracement to 144 first before this move down so obviously I missed the boat. There's still plenty of pips left to be made as my last target is 139.50. I will wait for retracement to 143.
  • #222,611
  • Apr 27, 2010 11:13am Apr 27, 2010 11:13am
all the bullls ..can you pls hold for a while..we are extrememly busy collecting .. 137.30 /138 is a reaaonable limit like what i said in prev posts but 133- 136 is most likely

gbp/usd finally on the way to test low's !!

gbp/jpy follow..but i wont take it furrther than 137..the rest below that.who ever want it,can take it

gbp/chf on the edge the drop over and that i mean ITS OVER test 1.57 coming weeks..

good luck bulls ,hope you enjoy your 3 day rally !! you put us in a sweat camp an im out of red,finally and deap in green ...
  • #222,612
  • Apr 27, 2010 11:15am Apr 27, 2010 11:15am
I saw the possibility that the daily candle can have up to 600+ pips today.. straight to 138
Read the entire market, money is made on the main trend not the fluctuation
  • #222,613
  • Apr 27, 2010 11:17am Apr 27, 2010 11:17am
Quoting 5ysfx
Hi bro

Are we ready for 2 digits finally ?

what's ur weekly/monthly view ?

105 maybe ? till the end of the year ?
yes bro.. GY hit my target for today..
http://www.forexfactory.com/news.php?do=news&id=233321
[here my post from yesterday when we hit the HIGH at 145.95]

I closed my books.. we see how much we retrace or drop from here..

but in general..

  1. -fundamentals looks very bad...
    -EUR bond market get crashed,
    -Portugal - downgraded;
    -Greece sov. rating cut to Junk..
    -US gov. selling CITI shares at the peak of S&P500
    -GS SOAP ..ect



Big things are happening across.. we may see final unwind in equity market.. or even some intervention as well..

  • #222,614
  • Apr 27, 2010 11:17am Apr 27, 2010 11:17am
Am targeting ~141.6 as the next stop; UJ is seeing buying, but not enough to keep it from falling. If we break 141, this GS fiasco continues & the NY afternoon equity markets assess all the badness & factor in the major EU admissions of today, GY could enter freefall/kaboom mode to 139.3ish - don't forget to respect that wonderful black hole zone that lies below 140. And, if it gets that far, given it was there last week, farther she will travel.

On the GS drama on Bloomberg: have you ever seen such a sorry assed bunch of directors, who can't answer simple questions, and speak with so much distance from the areas they were the big cheese on? Their answers remind me of the 2" border triple spaced essays I used to write in grade school, to meet the page count, when I was one-third their age. Overall, this is a great lesson to the less well-versed among us, on how ongoing marketing, presentation & fancy titles are simply an excuse for the dumbest phuk to have a title & obscene amounts of money & "the good life."

P.S. - I finish typing this, and 141.6 is hit - oh, how I love this PA!
  • #222,615
  • Apr 27, 2010 11:19am Apr 27, 2010 11:19am
went straight through my second downside target. 142.0

The Greece Portugal situation is quite bad. If EU doesn't do something decisive, things could really unravel quickly.
  • #222,616
  • Apr 27, 2010 11:26am Apr 27, 2010 11:26am
UJ bottom should be at 91.85 if this thing drops more, there's a lot of buyers down there. GY next target if we get under 141.6 is 141 then 140.3...

closed my positions for now. back in if it starts dropping again.

let's see.

Quoting Beljevina
Am targeting ~141.6 as the next stop; UJ is seeing buying, but not enough to keep it from falling. If we break 141, this GS fiasco continues & the NY afternoon equity markets assess all the badness & factor in the major EU admissions of today, GY could enter freefall/kaboom mode to 139.3ish - don't forget to respect that wonderful black hole zone that lies below 140. And, if it gets that far, given it was there last week, farther she will travel.

On the GS drama on Bloomberg: have you ever seen such a sorry assed bunch of directors,...
  • #222,617
  • Apr 27, 2010 11:31am Apr 27, 2010 11:31am
Quoting Fudomyo
went straight through my second downside target. 142.0

The Greece Portugal situation is quite bad. If EU doesn't do something decisive, things could really unravel quickly.
It was clear that EUR cannot do anything until German elections in MAY.. no big decisions before that.. all this choppiness was as a result of Buying some time including IMF, EUR.. talks.. ect.. BUt market start shorting heavily, and shows that we cannot wait on any elections.. so.. I guess. Nothing much can be done, as EUR to go under 1.3 possible to 1.28 or lower.. and then we'll see some solution.. Otherwise.. any money now.. are just a waist..

A question here mate: Who has the biggest benefit from EUR short or on low EUR levels ???

answer:

1. Germany - as main exporter with weak EUR.. and strong economy, they are getting better and better..

2. USA. - as long EUR is weak -> USD strong.. our big BEN.. will keep interest rates low.. as USd is strong and there is a demand for treasuries.. and US bonds.. as many countries are running away from EURO market.. - so in short.. as long EUR is weak.. US gov. can find plenty money from overseas to pay for any spendings.. and gov. deficit is not an Issue anymore..

just 2 pips..
  • #222,618
  • Apr 27, 2010 11:32am Apr 27, 2010 11:32am
Quoting Kourtney
http://cdn.forexfactory.com/images/buttons/viewpost.gif
amd now i think the downtrend should start... i do not beleive in a bullish trend.

first we reach 133.00 then buy whatever you want...ok I know some of u may think Im crazy all i see is the weekly chart telling me that stochastics are at the top on each chart and actually i keep seeing 129 as posible target too http://cdn.forexfactory.com/images/s.../yim/happy.gif...
Quoting Estero
WTF is this??? newbies are reading this!!! Are you mad? Lack of Sx? 133?? we all know its bad but when its up to trading its all up & dn and up & dn... Come on!
I dont usually post but this pisses me off for the newbies that are reading this shit!!
OK so Estero is pissed off maybe was his lack of Sx I hope newbies are reading this so they can see that Forex needs also patience and tolerance and of course MANNERS
  • #222,619
  • Apr 27, 2010 11:41am Apr 27, 2010 11:41am
Quoting Piters
It was clear that EUR cannot do anything until German elections in MAY.. no big decisions before that.. all this choppiness was as a result of Buying some time including IMF, EUR.. talks.. ect.. BUt market start shorting heavily, and shows that we cannot wait on any elections.. so.. I guess. Nothing much can be done, as EUR to go under 1.3 possible to 1.28 or lower.. and then we'll see some solution.. Otherwise.. any money now.. are just a waist..

A question here mate: Who has the biggest benefit from EUR short or on low EUR levels ???

answer:

1....
I agree completely, which is why Merkel's been dragging her feet.
Besides the sentiment at home being strongly against a bailout.

By decisive, I'm more in the Jim Rogers camp of letting Greece go bankrupt and creating a stronger Euro based on tougher policy. More pain at first for the Piigs, but not much choice, right behind Portugal is Ireland, then Spain if they create more debt at this point to solve the debt crisis...

Letting the IMF get in the middle of it would be wholesale disaster.
  • #222,620
  • Apr 27, 2010 11:48am Apr 27, 2010 11:48am
Quoting Fudomyo
I agree completely, which is why Merkel's been dragging her feet.
Besides the sentiment at home being strongly against a bailout.

By decisive, I'm more in the Jim Rogers camp of letting Greece go bankrupt and creating a stronger Euro based on tougher policy. More pain at first for the Piigs, but not much choice, right behind Portugal is Ireland, then Spain if they create more debt at this point to solve the debt crisis...
YES, that's the best way.. and as things are looking right now.. mate.. they are going to find some synthetic form of bankruptcy for Greece.. and get all assets and debts under one EUR umbrella.. and start building from there.. with that in place.. we are going to see IMF and World bank big role.. and lot of EUR members losing their sovereignty and maybe seeing EU at final stage forming a STATE of EU..
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