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

  • #225,101
  • May 18, 2010 1:58pm May 18, 2010 1:58pm
I hate to repeat myself but VIX is now going for 34... This indicator has been a good indicator on foretelling momentum strength in currencies pairs that are adverse to risk.... G/Y is one of them... Anything above 20 shows fear, above 30 shows real fear...
Traderdesk -
  • #225,102
  • May 18, 2010 2:00pm May 18, 2010 2:00pm
Quoting Traderdesk
I hate to repeat myself but VIX is now going for 34... This indicator has been a good indicator on foretelling momentum strength in currencies pairs that are adverse to risk.... G/Y is one of them... Anything above 20 shows fear, above 30 shows real fear...

Yes, there is a good reason.. The UNWIND or sellof (IF ANY) should hapend Now.. in next 3h.. that's how many hours left to Midnight, when BAN are ON..

so.. expect elephants in next 2-3h...
  • #225,103
  • May 18, 2010 2:05pm May 18, 2010 2:05pm
All out of shorts at 131.90. There's a trendline at about 131.60 so I don't want to take any chances. If 131.60 holds, we may see range between 131.60 and 133.
  • #225,104
  • May 18, 2010 2:06pm May 18, 2010 2:06pm
Droppin' quick now both GJ and GU. Looking @ 131 first major bounce. Also, 1.40x looking possible.

Taking profits and moving to BE+30 now. Letting the rest ride...

  • #225,105
  • May 18, 2010 2:09pm May 18, 2010 2:09pm
Quoting Piters
Yes, there is a good reason.. The UNWIND or sellof (IF ANY) should hapend Now.. in next 3h.. that's how many hours left to Midnight, when BAN are ON..

so.. expect elephants in next 2-3h...
when did that news pop up of the ban ? you did not say anything while we struggle to work out 135 or 136 or maybe 138 ?? hehehe
  • #225,106
  • May 18, 2010 2:15pm May 18, 2010 2:15pm
Quoting Piters
not so fast bro..
seams EUR has a SONG to finish.. 1.20
Here, mate.. 3h ago..


Just 30min before the NEWS...
  • #225,107
  • May 18, 2010 2:18pm May 18, 2010 2:18pm
Quoting USTrader
Droppin' quick now both GJ and GU. Looking @ 131 first major bounce. Also, 1.40x looking possible.

Taking profits and moving to BE+30 now. Letting the rest ride...

There's a very strong trendline support at about 131.60/70. If broken, I think we might see 129.60. Otherwise, price may test 133 again.
  • #225,108
  • May 18, 2010 2:19pm May 18, 2010 2:19pm
Quoting Piters
Yes, there is a good reason.. The UNWIND or sellof (IF ANY) should hapend Now.. in next 3h.. that's how many hours left to Midnight, when BAN are ON..

so.. expect elephants in next 2-3h...
That is why I told my fiancee today is a busy day Been on my monitors throughout Asia opening till now... Will probably stay awake with catnaps in between...

When there is fear in the air that is the time to stay awake and TRADE
Traderdesk -
  • #225,109
  • May 18, 2010 2:27pm May 18, 2010 2:27pm
Quoting $teve
There's a very strong trendline support at about 131.60/70. If broken, I think we might see 129.60. Otherwise, price may test 133 again.
Thanks! I see that and agree needs to be broken for a lower target. I have shorts in the @ 133.1 and 2. Still keeping an eye on adding additional shorts if that TL is broken and price action isn't exhausted yet.
  • #225,110
  • May 18, 2010 2:29pm May 18, 2010 2:29pm
The guy over at www.forexlive.com is saying exactly what i'm thinking.
  • #225,111
  • May 18, 2010 2:43pm May 18, 2010 2:43pm
Anyone buy at 132.00? just curious.
check out my blog: forexmademillionaire dot com
  • #225,112
  • May 18, 2010 2:49pm May 18, 2010 2:49pm
Quoting Geppy
Anyone buy at 132.00? just curious.

I did hedge my shorts so Im also long to 132.81 and then will open and stay fully short
  • #225,113
  • May 18, 2010 2:49pm May 18, 2010 2:49pm
Quoting Geppy
Anyone buy at 132.00? just curious.
Not me even if I wanted to I don't normally go against my dealer charts... I am looking to add to shorts at 133 as we have a bear channel on the 15 minute chart...
Traderdesk -
  • #225,114
  • May 18, 2010 2:53pm May 18, 2010 2:53pm
. couldn't help it.

Quoting Geppy
Anyone buy at 132.00? just curious.
Nihil Sine Deo.
  • #225,115
  • May 18, 2010 2:53pm May 18, 2010 2:53pm
Quoting Geppy
Anyone buy at 132.00? just curious.
Yes at 131.92 previous low, but out again at 132.40
Only scalps these effects can last....
Now that USD is (rediculous in my view) the big winner here, I'm wondering a long in AUD/USD could be a nice bet, maybe around 85.70
Don't be a hero. Don't have an ego. Always question yourself
  • #225,116
  • May 18, 2010 2:53pm May 18, 2010 2:53pm
Quoting Scrat
. couldn't help it.

me 2 ..lol a bit higher 132.25
  • #225,117
  • May 18, 2010 2:55pm May 18, 2010 2:55pm
Quoting Traderdesk
Not me even if I wanted to I don't normally go against my dealer charts... I am looking to add to shorts at 133 as we have a bear channel on the 15 minute chart...
Fair enough... just curious as I'm on the sidelines and bored. Still think shorts should be careful. No clear break of 132.00 yet and doesn't look like we'll get a daily close below it (although not certain still). There's a shot at getting back above 133.00 and closing the day north of that which would really turn things murky in my opinion.

I'll also be watching the 4H close as that timeframe looks rather oversold and would be in need of some serious momentum to break our most recent lows in the low 131 area from the other day. Not to say that this nake short selling news couldn't be that catalyst, but it's just too uncertain for me right now. We're still in a range, protect profits!
check out my blog: forexmademillionaire dot com
  • #225,118
  • May 18, 2010 3:01pm May 18, 2010 3:01pm
Q, when you're around I'd be interested to hear how, if at all, your trade plan has changed for a retracement higher.

Not picking a fight... genuinely interested.
check out my blog: forexmademillionaire dot com
  • #225,119
  • May 18, 2010 3:03pm May 18, 2010 3:03pm
Quoting Scrat
. couldn't help it.
cool.. I'll wait next 2-3 h.. too many elephants I saw today..
  • #225,120
  • May 18, 2010 3:08pm May 18, 2010 3:08pm
by my chart this will be the lowest daily close since feb of 09
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