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

maybe if it hasn't already tanked by then. . .

and of course a million barrels of oil a day are spilling into the atlantic from a depth of 40k feet, central banks need a war bad so here we go!

looks like it is time to go epic style

This would be the perfect time to tank it, when not to many people can catch the move.

i agree ... patient ,,i tihnk we might test 135.70 in Uk,if we dont tank to hard to 133 ..i will never jump the bus now ..

If everyone wakes up tomorrow to find the s&p gapped down, they will panic and get rid of everything as fast as they can.

Don't think they are thinking that way honestly. . .

They have a set agenda and the are moving forward. . . Distribution all week at higher levels now money will be made. . .

and as long as the banks keep borrowing money and they keep printing we will continue to see lower price until we can only use it for toilet paper. . .

Good, its an official bear market then, i'll just keep shorting rallys

They are tanking it slowly AND step-by-step - have been all year. . .
No way to kick start the economy by raising rates and you can't impose higher tax when people are out of work. . .

Q ... all other jpy crosses except eur/jpy is +- 700/800 pips from the low of last week... gbp/jpy is 500 pips and he moves alot quicker than the rest... so according to my view all the other crosses will probably take out tthe low of last week ...

so then the gbp/jpy should actually go far beyound 130 ..
all the other pairs, cad/jpy ,nzd/jpy and aud/jpy just started to turn at the top and got a hell of move to go to the low of last week ?

eur/jpy got 400 pips to go to close maybe below the low at 112 on weekly ?

and if you know how strong is inside bars ...and they all have inside bars on weekly candles if we dont take out the low of last week ...

i wont be surprise if we break 118 coming days ? ..

we spoke last time that all crosses are busy with MAJOR TOPS

I havn't been leaving free trades to run for a while(they always get stopped at b/e) but i think i'm gonna change strategy, only tp for half, let half run.

LOL - just came after going out for a few pints and well....the damn PA did the opposite to what I wanted! Typical.

Only made 45 pips before the SL cut in on my long, but lost over 77 pips as I closed all positions beforehand....Grrrrrr. And my sell order never triggered as it was @ 137. Never mind.

I now have to get up really early (UK time) to see what Tokyo has been doing at 06:00 GMT to prepare if needed.

Never trade when drunk, just carry on with the party

Saw this over at the Oanda forums and thought i'd share. Makes very interesting reading I think.

**********************************
This story is probably closer to the truth of what happened on Thursday.


by Scott Creighton

The White House gets its way again. They get their way on two measures that would have given the people at least a little control of the “too big too fail” banking system. But how they got it, well that might just be the REAL story of the day.

“I mean this really sounds like market manipulation to me. This is outrageous.”

The “HOPE” of real getting real banking reform under this administration is dead. Dead on arrival. What is left is the “Chris Dodd Big Banking Giveaway Plan” which is to banking “reform” what Obamacare was to “healthcare reform”.


Last night the Brown/Kaufman amendment was shot down by a vote of 61-33. The amendment would have broken up the largest 6 banks and then set limits on the size these institutions could become so their failure could not threaten the entire system. Thus… “too big too fail” would have been a thing of the past. 27 senate democrats voted with the large majority of republicans to kill the amendment and for the most part, the 30 who voted for the bill were either coming up on an election cycle this year, or they switched their votes after seeing the bill was going to fail. A clever little trick legislators use to end up on the “right side” of a voting issue.

Though top Obama administration officials have not publicly opposed the amendment, its leading economists have opposed ending Too Big To Fail simply by breaking up the nation’s financial behemoths. Austan Goolsbee and Larry Summers have both fought back against this idea, as has Treasury Secretary Timothy Geithner.

… Sen. Mark Warner (D-Va.) and Dodd of Connecticut spoke against the amendment.

Sen. Judd Gregg (R-N.H.) was indignant. “I don’t understand this Brown-Kaufman amendment. Basically, what it says is if you’re successful…you’re going to break them up? I mean, where does this stop? Do we take McDonald’s on?” Huffpo

This took place yesterday while another popular piece of legislation was being gutted by one of its authors.

Ron Paul is livid and he has pulled his support from the “Audit the Fed” bill.

I know that sounds crazy… Ron Paul has been pushing for this kind of accountability from the for-profit Federal Reserve Bank for decades. But yesterday, when the bill looked as if it were going to be passed, Ron Paul pulled his support and is actively campaigning against it.

He has good reason.

In a move frighteningly reminiscent of the now infamous Air Force One flight where single-payer advocate and “Obamacare” opposition leader Dennis Kucinich was brought before the anointed One, Barack Obama, for a little position changing “chat”, Bernie Sanders was brought in to the White House late yesterday to work out a “compromise” on the “Audit the Fed” bill. No one knows why the “compromise” was even needed with the Pro-Banking Industry Obama White House since by all accounts, the bill had the votes to pass in the Senate as it was.

But, Bernie Sanders was brought before “the man” and had a little pow-wow in the White House. Since Sanders is one of the authors of the bill, he was authorized to change it, and “CHANGE” is what the White House got…

Thursday afternoon, Deputy Treasury Secretary Neal Wolin voiced the administration’s opposition to the audit proposal. But hours later, following negotiations with Sanders, Wolin withdrew the opposition. Raw Story

“Bernie Sanders has sold out and sided with Chris Dodd to gut Audit the Fed in the Senate. His “compromise” is what the Adminstration and banking interests want: they’ll allow the TARP and TALF to be audited, but no transparency of the FOMC, discount window operations or agreement with foreign central banks. We need to take aciton and stop this!” Ron Paul

The audit is only allowed back to December 2007, which leaves most of the work of the Fed’s Open Markets Committee in the dark — they were the ones who were supposed to be watching over Wall Street when they were laying the groundwork for the collapse. And according to Jay Newton-Small of Time Magazine, there will only be one audit — it will not be ongoing.

Ron Paul and Alan Grayson worked like dogs to get this through the House. And the White House would not have gone to Sanders if they’d been able to peel off the votes to tank the amendment. But with 68 Senators having voted for it or cosponsored it in the past year, that was a heavy lift. Bernie was the weak link. Firedoglake

How did all this happen late yesterday afternoon? What was the threat that forced all of these legislators to vote against the will of the people and to suddenly side with the corrupt banks? How on earth did all this happen LATE YESTERDAY AFTERNOON?

Hmmmm…. what else happened yesterday, PRIOR to the vote in the senate and Bernie Sander’s meeting in the White House? Hmmm…

Could it be the “glitch” in the supercomputer that crashed the stock market by nearly a 1000 points in a few minutes? Could that have had something to do with it?

Could it have been Goldman Sachs and the big 6 mega banks sending a message to congress that if they think they are going to break up their hold on this nation, they will bring it all down with their stock market manipulating supercomputer?

Nesto calling these trades “bogus” drew backlash from the host and CNBC veteran Maria Bartiromo, who said those trades sounded like “market manipulation” to her.

“ That is ridiculous,” Bartiromo replied. “I mean this really sounds like market manipulation to me. This is outrageous.” Business and Media Institute

Hmmm… I think we might be onto something.

Think about it… all that money poured into the CEOs and banking bigwigs bank accounts in the form of record-setting bonuses. Why is that important? Because if they chose to gut the economy, if they chose to trash the markets by 10,000 points in one day, they will be in their private jets by noon and super wealthy in another country sipping single-malts on the sea-shore by dinner.

And we will be left to fight for the scraps while the dollar becomes virtually worthless.

That was the threat yesterday. While the MSM was busy blaming the working class Greeks who are being robbed right in front of everyone’s eyes, our congress was busy quietly handing over control of the nation to a bunch of criminal bankers who caused all of this in the first place.

The market didn’t crash by a “glitch” and it wasn’t the European Union or Greek riots either… it was terrorism. It was a message: Don’t **** With Us. Congress got the message and acted accordingly.

The banking oligarchs sent a clear and unmistakable message that they could drop this nation’s economy into the toilet at any time they wished and if congress thought for a minute that they really ran America, they had better rethink that position.

That’s what happened yesterday.

It isn’t a “coincidence” that the super-computer “glitch” happened a few hours before that senate vote and just a while before the White House had a chat with Sanders about his Audit the Fed bill. It was financial terrorism, pure and simple.
************************************

Pretty serious bullish divergence on 15min... careful shorts could be a trap. I'd expect to see 137/137.50 before a real push down. I'm flat for now, will wait patiently for shorts.

Short here at 135.50. Good luck shorts. Hopefully we'll all be celebrating with some serious pips in Asia.

steve, please draw a line thru the recent highs on 15m chart

Im holding my shorts but Will hedge on every deep to take a few pips up... 137.50 sounds techically posible but the pair has been fooling me big time I was specting the same from 137.50 to 138.80 and never happened...


Lets just be carefull actually I feel like just waiting till is dead down at 128 and will then come back to just place a long with average to buy every 100 pips on dips

Asia may retrace like yesterday. A little, but not much. Contemplating right now.

maybe big change later in London Open

Maybe?