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

  • #223,941
  • May 9, 2010 3:36am May 9, 2010 3:36am
Quoting KillerWhale
Either you are joking or maybe you are out of your mind?

I don't think anyone will agree with you.
Cool, I just don't want to go in when it is obvious to go in - that's when sheep is expected to go into slaughter (retail traders) by buying dips. If it was that easy to trade - go long when it's oversold man - everybody would do it, right? I wish you good luck, but I'd personally wait a bit until the dust settles and shows a clear path.

I'll just wait with live trading until I get a signal for shorting on GJ, and I'll quite possibly trade demo acc in the mean time.
  • #223,942
  • May 9, 2010 5:28am May 9, 2010 5:28am
Lolz,

Too many traders talking about going short,

that usually means: GO LONG
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  • #223,943
  • May 9, 2010 6:02am May 9, 2010 6:02am
Quoting budak baru
650 parliament seats were up for grabs. The party that wants to form the new government would need at least 326 seats (half of 650 plus one seat). With only one more seat to be counted, the Conservatives have 306 seats against Labour’s 258, Lib Dem’s 57, and 28 ‘others’. This means no one has the majority to form the new government.

any fundamental analysis?

It's more complicated I'm afraid. Sinn Fein Of Northern Ireland has 4 seats, but they wouldn't be going to Westminster in protest.

There's also a seat that will need to take place next month because a candidate died after the election was called and his name was nominated.

So in theory there's only 645 seats at the moment.

The Ulster Unionists are very traditionally conservative so they'll probably go with Tories.

My opinion is that a new election will take place in October, 6 months time.

Strangely, the market might like a Con/Lib govn because Liberals want to scrap the Trident Nuclear sub replacement and the new aircraft carriers saving the Government (taxpayers) over £25 billion during a decade. A new armed forces review might be announced saving even more. Money that "could" be spent repaying some of the national debt.
  • #223,944
  • May 9, 2010 6:22am May 9, 2010 6:22am
Quoting KeyframeHR
I think we can all agree on one thing, don't live trade (or at least put new trades) for at least a few days - or maybe a whole week until there is a clear picture of what's going on!
It depends on how you trade. I think it's going to be a scalpers month.

If you're relying on SMA and EMA for trading opportunities then you might be in for a few shocks. The drop will totally distort any average. It's more akin to a devaluation. If you've just had an earthquake under your house you can't guarantee its in exactly the same place as before!

The only really worthy indicators will be volume based at the moment.

What I find surprising is the feeling that the Euro will crash and burn. The EU is a mess, it's too bureaucratic and nationalistic. But, it's got very strong industry.

The UK is in poor shape because Gordon Brown is so incompetent, yet in a strong position within the Labour party. He has spent taxpayers money on stupid departments and schemes. He and Blair got us into Iran and Afghan which has cost a fortune. I really do hate mocking the blind, by Brown must have been looking at many of the UK financial figures with his glass eye!
  • #223,945
  • May 9, 2010 3:24pm May 9, 2010 3:24pm
oanda shows 137.50...
Nihil Sine Deo.
  • #223,946
  • May 9, 2010 3:33pm May 9, 2010 3:33pm
fxcm also and almost 1.29 on eurusd
  • #223,947
  • May 9, 2010 3:42pm May 9, 2010 3:42pm
Quoting Scrat
oanda shows 137.50...
do u think at opening gj will go up more or it will go down to friday's close - 135.56 to close the weekend's gap?
LOL
  • #223,948
  • May 9, 2010 3:50pm May 9, 2010 3:50pm
I'm waiting for 141-142 zone to go short, that is daily MVA21C current level or wherever it is when it's touched
  • #223,949
  • May 9, 2010 4:14pm May 9, 2010 4:14pm
i don't know, so far i see new highs are tested. new zealand opened @ 136.75 (approximately) and we are above. this level is our support for now, we will head towards ny close from friday - 135.56 - only if 136.75 is broken.
but if we see a bounce, up we go...

Quoting karimfx
do u think at opening gj will go up more or it will go down to friday's close - 135.56 to close the weekend's gap?
Nihil Sine Deo.
  • #223,950
  • May 9, 2010 4:30pm May 9, 2010 4:30pm
Quoting Scrat
i don't know, so far i see new highs are tested. new zealand opened @ 136.75 (approximately) and we are above. this level is our support for now, we will head towards ny close from friday - 135.56 - only if 136.75 is broken.
but if we see a bounce, up we go...
scrat why 136.75 ? what close is that ? whats your weekly view,, ? below what is short and above what is long ?

whats your weekly close ?
  • #223,951
  • May 9, 2010 4:43pm May 9, 2010 4:43pm
chill out. 136.75 = new zealand open; 134.55 = ny close on friday...

Quoting fullhouse
scrat why 136.75 ? what close is that ? whats your weekly view,, ? below what is short and above what is long ?

whats your weekly close ?
Nihil Sine Deo.
  • #223,952
  • May 9, 2010 4:49pm May 9, 2010 4:49pm
if we stay pateint this week,,then we are in for some real pips .ONLY FROM MAJOR RESS LEVELS... i dont bargain for new lows yet ,but we can only grap enough from ress levels...

we are excatly 250/270 pips away from that level..cad/jpy 92 level ,and aud/jpy 85.70 ... i will short then the gbp/jpy when that 2 pairs hit ress levels...so far it looks like below 140.50 and above 139.50 ..somewhere there will we pause and drop down,, but my key is to watch aud/jpy and cad/jpy for those levels and then decide to short gbp/jpy ...

thats my plan for coming week..oh boy what "IF" we make a new low and close on weeekly below 128.90 ...

i smell a Ferrari .. lol

dont count the eggs yet ..

dreaming is fun!

enojy the week and all the best !!
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  • #223,953
  • May 9, 2010 4:51pm May 9, 2010 4:51pm
Quoting Scrat
chill out. 136.75 = new zealand open; 134.55 = ny close on friday...

ooh NZD..ok ..
  • #223,954
  • May 9, 2010 5:37pm May 9, 2010 5:37pm
funny how scalping works for me only when I'm demo trading, har har
  • #223,955
  • May 9, 2010 6:14pm May 9, 2010 6:14pm
long @ 136.15, target 137.50
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  • #223,956
  • May 9, 2010 6:24pm May 9, 2010 6:24pm
Quoting fullhouse
if we stay pateint this week,,then we are in for some real pips .ONLY FROM MAJOR RESS LEVELS... i dont bargain for new lows yet ,but we can only grap enough from ress levels...

we are excatly 250/270 pips away from that level..cad/jpy 92 level ,and aud/jpy 85.70 ... i will short then the gbp/jpy when that 2 pairs hit ress levels...so far it looks like below 140.50 and above 139.50 ..somewhere there will we pause and drop down,, but my key is to watch aud/jpy and cad/jpy for those levels and then decide to short gbp/jpy ...

thats my plan...

...enjoys ur dreaming...
  • #223,957
  • May 9, 2010 6:41pm May 9, 2010 6:41pm
cup and handle on 15m easily visible, will go up now... or not this is "fun"
  • #223,958
  • May 9, 2010 7:28pm May 9, 2010 7:28pm
Quoting fullhouse
i do,,, did you trade live fx back in 2007/2008 ??

i did ,and guess what ??

you will expect the same ..close to *2 ..

i know bulls never quit !!..

i cant quit my bullsih eur/usd view either ,,and i will never .. as long as i trade forex i will STAY BULLISH EUR/USD ..
It would be hard to believe that all the hard work that went into putting the EU together is just going to be allowed to fall apart over Greece and tight monetary policy. How many times did they make Ireland vote on the Lisbon treaty before getting them to come out with the desired result? I am not buying this end of the EU story either.
  • #223,959
  • May 9, 2010 7:39pm May 9, 2010 7:39pm
Just wondering, maybe this is one of those very rare Sunday's that the GAP is not going to close. At least not today.
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  • #223,960
  • May 9, 2010 7:41pm May 9, 2010 7:41pm
Quoting Cod
It would be hard to believe that all the hard work that went into putting the EU together is just going to be allowed to fall apart over Greece and tight monetary policy. How many times did they make Ireland vote on the Lisbon treaty before getting them to come out with the desired result? I am not buying this end of the EU story either.

i hope it can go all the way to parity

the eur/usd long term trend WILL resume for many many more years.

what if this greece crissis dominoes to US ? and it will most likely happen.
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