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

  • #225,881
  • May 23, 2010 2:54pm May 23, 2010 2:54pm
Quoting fullhouse
" if adam and eve were chinese ,we would still be in paradise because they would have ignored the apple and eaten the snake "

happy trading !
Now thats a good one
  • #225,882
  • May 23, 2010 2:56pm May 23, 2010 2:56pm
Quoting Allseeingeye
Thats exactly what my charts are saying!
Mine too, but like I've said a million times before, if everyone thought the same there would be no one to buy when I wanted to sell or sell when I wanted to buy. After every large move, the general consensus in these forums is "the bottom (or top) is in."... and it seldom is. If you WANT something to be true, you can draw whatever you want on your charts to make it true.
Every time you use 'hopium' in a post, God kills a kitten.
  • #225,883
  • May 23, 2010 3:01pm May 23, 2010 3:01pm
Quoting profxtrader
Mine too, but like I've said a million times before, if everyone thought the same there would be no one to buy when I wanted to sell or sell when I wanted to buy. After every large move, the general consensus in these forums is "the bottom (or top) is in."... and it seldom is. If you WANT something to be true, you can draw whatever you want on your charts to make it true.
I see what your saying because I am the ALL SEEING EYE!
  • #225,884
  • Edited 3:43pm May 23, 2010 3:07pm | Edited 3:43pm
Quoting Cod
Well true, I don't know how it will all turn out but the picture being painted of the accounting books in England looks worse than Greece.

I would think that the market makers bosses are looking to move england into the euro sometime soon and a solid whacking of the pound into oblivion might be just the ticket.

Seems like that is the plan to me for now until I see otherwise.

They are saying England spends more than it generates, and there isn't much to prop it back up.
Who is this 'they'?

There is more than one way to look at this:
There is absolutely no way the UK will join the Euro anytime soon. In fact, there is a very good chance the Euro will fold before that happens. Think about it; would any UK politician be able to sell Europe to the UK electorate having seen the shenanigans from Germany, Greece and France this past few weeks. AND, would they want to?

Europe has done all the hard work for the UK Euro-sceptics.

I see Sterling a bit differently. There's more downside for sure, but not oblivion. Weaker Sterling allows the UK to exit recession quicker according to the prevailing wisdom. We all have our opinions on the longer term prognosis of course and it's not worth arguing the toss over, but we'll see a significant bounce before Sterling enters the abyss IMO.
  • #225,885
  • May 23, 2010 3:13pm May 23, 2010 3:13pm
Quoting ukdaytrader
Who is this 'they'?

There is more than one way to look at this though:
There is absolutely no way the UK will join the Eurozone anytime soon. In fact, there is a very good chance the Euro will fold before that happens. Think about it; would any UK politician be able to sell Europe to the UK electorate having seen the shenanigans from Germany, Greece and France this past few weeks. AND, would they want to?

Europe has done all the hard work for the UK Euro-sceptics.

I see Sterling a bit differently. There's more downside for sure, but not oblivion....
The UK is part of the EUROZONE but it is the one of the ONLY Countries that kept its own Currency guys so please get your Facts Straight!

Jun 19 2008
As of January 1, 2007, there are twenty-seven member countries of the European Union.
Austria
Belgium
Bulgaria
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
United Kingdom
  • #225,886
  • May 23, 2010 3:13pm May 23, 2010 3:13pm
Quoting Allseeingeye
I have been waiting for the wedge to confirm for 2 months now & it has proven to be a GOLD MINE. Until it breaks my wave 1 of 3 high there is NO REASON TO THINK OTHERWISE & YES USD/CAD & GBP/GPY are EXACT OPPOSITS
I'm sorry to jump in here but normally G/Y and USD/CAD normally do not correlate with one another... Maybe several weeks ago their were at opposites but this week and for the next few weeks they are moving more and more in tandem... As a matter of fact it looks they will move almost 80+% in tandem....

Matef.net correlations will give you the answer on the weekly charts....So if your calling the USD/CAD to rise then we should at least this week and a few more see a rise as well in the G/Y pair...
Traderdesk -
  • #225,887
  • May 23, 2010 3:13pm May 23, 2010 3:13pm
Quoting ukdaytrader

I see Sterling a bit differently. There's more downside for sure, but not oblivion. Weaker Sterling allows the UK to exit recession quicker according to the prevailing wisdom. We all have our opinions on the longer term prognosis of course and it's not worth arguing the toss over, but we'll see a significant bounce before Sterling enters the abyss IMO.
You may be right. My intuition says euro is the new and the pound is the old, the old gets demolished to make way for the new. This is the way it done.

I don't see all the effort put into the euro going to the way side so easily.

Time will tell, who knows.

I agree on the bounces though, I really have no idea how high it might fly up before facing what I see its inevitable demise.
  • #225,888
  • May 23, 2010 3:16pm May 23, 2010 3:16pm
Quoting Allseeingeye
The UK is part of the EUROZONE but it is the ONLY Country that kept its own Currency guys so please get your Facts Straight!

Jun 19 2008
As of January 1, 2007, there are twenty-seven member countries of the European Union.
Austria
Belgium
Bulgaria
Cyprus...
There is more than just one country with its own currency
  • #225,889
  • May 23, 2010 3:16pm May 23, 2010 3:16pm
Quoting Allseeingeye
The UK is part of the EUROZONE but it is the ONLY Country that kept its own Currency guys so please get your Facts Straight!

Jun 19 2008
As of January 1, 2007, there are twenty-seven member countries of the European Union.
Austria
Belgium
Bulgaria
Cyprus...
Sweden and Denmark do not use the euro. Hungary and Poland come to mind as well. There may be more, but I'm not sure.
Every time you use 'hopium' in a post, God kills a kitten.
  • #225,890
  • May 23, 2010 3:16pm May 23, 2010 3:16pm
Quoting Allseeingeye
T
Poland
Definitly BEST ONE
  • #225,891
  • May 23, 2010 3:19pm May 23, 2010 3:19pm
Quoting Traderdesk
I'm sorry to jump in here but normally G/Y and USD/CAD normally do not correlate with one another... Maybe several weeks ago their were at opposites but this week and for the next few weeks they are moving more and more in tandem... As a matter of fact it looks they will move almost 80+% in tandem....

Matef.net correlations will give you the answer on the weekly charts....So if your calling the USD/CAD to rise then we should at least this week and a few more see a rise as well in the G/Y pair...
Great so at least I know who will be taking my money this week!
  • #225,892
  • May 23, 2010 3:21pm May 23, 2010 3:21pm
Quoting Traderdesk
I'm sorry to jump in here but normally G/Y and USD/CAD normally do not correlate with one another... Maybe several weeks ago their were at opposites but this week and for the next few weeks they are moving more and more in tandem... As a matter of fact it looks they will move almost 80+% in tandem....

Matef.net correlations will give you the answer on the weekly charts....So if your calling the USD/CAD to rise then we should at least this week and a few more see a rise as well in the G/Y pair...
Do yourself a favor & flip the cad upside down & then tell me about your tandem!
  • #225,893
  • May 23, 2010 3:27pm May 23, 2010 3:27pm
Quoting profxtrader
Mine too, but like I've said a million times before, if everyone thought the same there would be no one to buy when I wanted to sell or sell when I wanted to buy. After every large move, the general consensus in these forums is "the bottom (or top) is in."... and it seldom is. If you WANT something to be true, you can draw whatever you want on your charts to make it true.

i would love to know ,where is your selling area for a "move " lower... can you pls light it up for me ...
  • #225,894
  • May 23, 2010 3:28pm May 23, 2010 3:28pm
Quoting Allseeingeye
Do yourself a favor & flip the cad upside down & then tell me about your tandem!

how do you do that on MT4 ??
  • #225,895
  • May 23, 2010 3:29pm May 23, 2010 3:29pm
Quoting profxtrader
Sweden and Denmark do not use the euro. Hungary and Poland come to mind as well. There may be more, but I'm not sure.
Also Bulgaria - LEV
Romania - LEU
Hungary - Forint
Poland - Zlota

About Great Britain... The country is part of the European union... but is not part of the Eurozone...
  • #225,896
  • May 23, 2010 3:31pm May 23, 2010 3:31pm
Quoting fullhouse
how do you do that on MT4 ??
print it out or do like me use you EYES! You will SEE that it gives you a 1-2 days heads up as to what is coming up! The USD/CAD is 2 days behind the GBP/JPY so I know we are going to break the DOUBLE TOP Just like G/J BROKE THE DOUBLE BOTTOM! Its like taking CANDY FROM A BABY.
  • #225,897
  • May 23, 2010 3:40pm May 23, 2010 3:40pm
Quoting Allseeingeye
print it out or do like me use you EYES! You will SEE that it gives you a 1-2 days heads up as to what is coming up! The USD/CAD is 2 days behind the GBP/JPY so I know we are going to break the DOUBLE TOP Just like G/J BROKE THE DOUBLE BOTTOM! Its like taking CANDY FROM A BABY.
Please Dont take Candies from Babies...its not Nice...
Markets are not Random, they are designed!
  • #225,898
  • May 23, 2010 3:43pm May 23, 2010 3:43pm
Quoting Allseeingeye
The UK is part of the EUROZONE but it is the one of the ONLY Countries that kept its own Currency guys so please get your Facts Straight!

Jun 19 2008
As of January 1, 2007, there are twenty-seven member countries of the European Union.
Austria
Belgium
Bulgaria...
I was answering thie previous post and talking about the Euro not the EU.
  • #225,899
  • May 23, 2010 3:43pm May 23, 2010 3:43pm
Quoting Raza
Please Dont take Candies from Babies...its not Nice...
Remember Raza I am the Illuminati we love taking Candy from Babies!
  • #225,900
  • May 23, 2010 3:44pm May 23, 2010 3:44pm
Quoting ukdaytrader
I was answering thie previous post and talking about the Euro not the EU.
You stated that the electorate would not want to join the EU not that they would refuse a Currency change to the EURO.
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