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

  • #225,181
  • May 18, 2010 8:33pm May 18, 2010 8:33pm
one thing i don't quite understand is the SNB's staunch defense against the CHF. The epic failure of the 1.4325 defense has just given way to them throwing even more money at 1.40. Seriously, are they trying to import EUR problems over to their own economy?
  • #225,182
  • May 18, 2010 8:42pm May 18, 2010 8:42pm
Quoting Eulogy
one thing i don't quite understand is the SNB's staunch defense against the CHF. The epic failure of the 1.4325 defense has just given way to them throwing even more money at 1.40. Seriously, are they trying to import EUR problems over to their own economy?
I also don't understand about it too. But i have ask some people here, it's all about 'recovery' their own economy.
Yet, i still don't understand.
  • #225,183
  • May 18, 2010 8:46pm May 18, 2010 8:46pm
ya you have to think there is going to be a lot of profit taking at 129.65, not sure what i want to do there.
  • #225,184
  • May 18, 2010 8:49pm May 18, 2010 8:49pm
Q,
You there? We are riding down 125 soon, maybe this week we may see all time low. Hope to see you joining the ride here. Cheerful bro.

BTW,where is rgitt? I miss him...
  • #225,185
  • May 18, 2010 8:51pm May 18, 2010 8:51pm
Quoting special0nefx
I also don't understand about it too. But i have ask some people here, it's all about 'recovery' their own economy.
Yet, i still don't understand.
Case in point, they sell CHF for EUR which is used to buy EUR bonds alot of which are now sold in order to fund the bailout of those irresponsible EU countries. If you listen to the "sunshine lollipops and rainbows everywhere" politicians the bailout/austerity measures will succeed and and the bonds will yield something meagre. If you listen to the realists, the bailout/austerity measures will fail, the bankrupt countries will default, EU bonds will take a massive haircut and the SNB will take a hit to its credibility, its finances, and its general fiscal intelligence.
  • #225,186
  • May 18, 2010 8:53pm May 18, 2010 8:53pm
AUD/JPY going to have nice run for few weeks ahead
Read the entire market, money is made on the main trend not the fluctuation
  • #225,187
  • May 18, 2010 8:54pm May 18, 2010 8:54pm
Quoting Eulogy
Case in point, they sell CHF for EUR which is used to buy EUR bonds alot of which are now sold in order to fund the bailout of those irresponsible EU countries. If you listen to the "sunshine lollipops and rainbows everywhere" politicians the bailout/austerity measures will succeed and and the bonds will yield something meagre. If you listen to the realists, the bailout/austerity measures will fail, the bankrupt countries will default, EU bonds will take a massive haircut and the SNB will take a hit to its credibility, its finances, and its general...
Thanks for the details and explaination.
  • #225,188
  • May 18, 2010 8:56pm May 18, 2010 8:56pm
Quoting special0nefx
Q,
You there? We are riding down 125 soon, maybe this week we may see all time low. Hope to see you joining the ride here. Cheerful bro.

BTW,where is rgitt? I miss him...
me myself wonder..
  • #225,189
  • May 18, 2010 9:05pm May 18, 2010 9:05pm
Quoting Kofmaster
AUD/JPY going to have nice run for few weeks ahead

look at aud/usd...some seriuos double top and we jsut broke the supp line...i exit 20 min the aud/jpy,,we hit the 261 fib ext ,but i keep aud/usd,,i short it last week ,and we target 0.7700 ..double top target and 50% .. support is 0.8574 +-
  • #225,190
  • May 18, 2010 9:08pm May 18, 2010 9:08pm
Quoting Kofmaster
AUD/JPY going to have nice run for few weeks ahead
Do you mean the aud/jpy will recover north or keep on shorting?
  • #225,191
  • May 18, 2010 9:11pm May 18, 2010 9:11pm
alright, getting in small here at 131.10 with shorts... I'll add more as we go.

Dow futures currently down 70 points... could get bloody tomorrow.
check out my blog: forexmademillionaire dot com
  • #225,192
  • May 18, 2010 9:11pm May 18, 2010 9:11pm
Quoting fullhouse
me myself wonder..
how's your long doing?
  • #225,193
  • May 18, 2010 9:13pm May 18, 2010 9:13pm
Quoting Clouds
how's your long doing?
he was out when things went wrong. Didn't pay attention do u
Read the entire market, money is made on the main trend not the fluctuation
  • #225,194
  • May 18, 2010 9:14pm May 18, 2010 9:14pm
Quoting fullhouse
look at aud/usd...some seriuos double top and we jsut broke the supp line...i exit 20 min the aud/jpy,,we hit the 261 fib ext ,but i keep aud/usd,,i short it last week ,and we target 0.7700 ..double top target and 50% .. support is 0.8574 +-
Yes the support line is broken. Would like to see tmr close asap. the move to 0.8 we talking about might takes weeks to complete? Not really sure but we will see as we move on
Read the entire market, money is made on the main trend not the fluctuation
  • #225,195
  • May 18, 2010 9:15pm May 18, 2010 9:15pm
Quoting Kofmaster
he was out when things went wrong. Didn't pay attention do u
oh, ok, im long
  • #225,196
  • May 18, 2010 9:15pm May 18, 2010 9:15pm
Quoting Geppy
alright, getting in small here at 131.10 with shorts... I'll add more as we go.

Dow futures currently down 70 points... could get bloody tomorrow.
I am long from 130.72 now at SL at BE. tgt 132.1. will short from there.
  • #225,197
  • May 18, 2010 9:16pm May 18, 2010 9:16pm
Quoting Clouds
how's your long doing?
my screen was upside down .
sryy for misleading,will double check next time
  • #225,198
  • May 18, 2010 9:18pm May 18, 2010 9:18pm
Quoting fullhouse
look at aud/usd...some seriuos double top and we jsut broke the supp line...i exit 20 min the aud/jpy,,we hit the 261 fib ext ,but i keep aud/usd,,i short it last week ,and we target 0.7700 ..double top target and 50% .. support is 0.8574 +-
double top was like 5 years ago. i'm long aud/usd for some short pips.
  • #225,199
  • May 18, 2010 9:19pm May 18, 2010 9:19pm
Quoting Clouds
oh, ok, im long
I was trap in long yesterday
Will this train going more South? Enjoy
Inserted Video
  • #225,200
  • May 18, 2010 9:24pm May 18, 2010 9:24pm
Quoting hindart
I am long from 130.72 now at SL at BE. tgt 132.1. will short from there.
Glad to hear it's at BE... been watching this thing all day and she is not liking much of a retracement at all. Pattern seems to be consolidate... drop... consolidate... drop, rinse and repeat.

If you take the high from 139.56 to the low at 131.04 and finally the last most recent high put in at 134.80ish and use those as your three fib extension points you'll get a 100% extension at about 126.15 or so. I'd post a chart but it's such a large projection that it's outside of the visible portion. But I'm targeting that area for a mid-term low before a solid retracement and I'll just short and add on the way down.

Best of luck!
check out my blog: forexmademillionaire dot com
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