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

  • #227,901
  • Jun 16, 2010 1:19pm Jun 16, 2010 1:19pm
Nice fib play from this morning's high-to-low drop. GY did a perfect test off the 50% and now bouncing around; will prolly drift aimlessly until Asia gives another DPP test down @ 135. I should splat Murray Math line on it and you'd probably be able to buy & sell at the edges. Hmm ... I can watch GY or watch paint dry - hey, why don't I go stain my deck instead!
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  • #227,902
  • Jun 16, 2010 1:55pm Jun 16, 2010 1:55pm
The Chairman of BP announced outside the White House that it is suspending its dividend for this year. Cable has slumped back to 1.4805.

The UK government has been critical of of the US’s calls for a dividend cut as it will impact the pensions of millions of UK workers.

CNBC suggests the dividend cut will amount to a $5 bln cash savings. The rest of the payment will come out of cashflow and will be paid into the fund in installments.

http://www.forexlive.com/113570/all/...-for-this-year
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  • #227,903
  • Jun 16, 2010 2:19pm Jun 16, 2010 2:19pm
Does mt4 has that?

Quoting Scrat
yes. for instance, at london close, there were 37,815 buy ticks and 38,948 sell ticks. there is a net difference of -1133 ticks.
  • #227,904
  • Jun 16, 2010 2:36pm Jun 16, 2010 2:36pm
with some help from a programmer, it can be done.

Quoting uncletrumpet
Does mt4 has that?
Nihil Sine Deo.
  • #227,905
  • Jun 16, 2010 2:57pm Jun 16, 2010 2:57pm

  1. The UK economy exhibits none of the traits normally associated with prolonged inflation

  1. Monetary policy must be set in light of fiscal tightening and financial fragility


Bottom line: No hike in UK rates anytime soon.
Cable has sold off again, now in the mid-1.4770s. Stops remain below 1.4750.

http://www.forexlive.com/113587/all/...-aint-that-bad

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  • #227,906
  • Jun 16, 2010 3:13pm Jun 16, 2010 3:13pm
No doubt strangeness has hit the equity & fx markets today. Bloomberg's reporting stops having kicked in for some stocks with 'experts' saying the system worked as it should. Equities again rising on thinner volumes. GY, EU are in incredibly slim ranges with bad news being ignored. GY's (and GU's) now making one of it's bigger moves, right after the 4pm NY day; looks like a huge transaction on the M5/M1 right 12/13 minutes before 4pm EST. It almost appears like stopping volume - and it's almost double than normal for this time, but if it's buying it's not working too well. Is it the BP news? I doubt it.

It's starting to feel like GY and others are going to dump the way they did on US Thanksgiving, giving up 300 pips 5:30-6:30pm EST, when the market is least liquid. Combined with the eerieness of this coming Friday, low volumes, ridiculous rises, something is cooking. If you've not seen Cramer's video rant, check my previous post - when someone as dumb as Cramer is acting like that, you gotta think something's up one way or the other.
  • #227,907
  • Jun 16, 2010 3:21pm Jun 16, 2010 3:21pm
it's not buying volume... looks like it's selling. might be a significant retracement... gap closing, and testing last week support @ 131.60?

Quoting Beljevina
No doubt strangeness has hit the equity & fx markets today. Bloomberg's reporting stops having kicked in for some stocks with 'experts' saying the system worked as it should. Equities again rising on thinner volumes. GY, EU are in incredibly slim ranges with bad news being ignored. GY's now making one of it's bigger moves, right after the 4pm NY day; looks like a huge transaction on the M5/M1 right 12/13 minutes before 4pm EST. It almost appears like stopping volume - and it's almost double than normal for this time, but if it's buying it's not...
Nihil Sine Deo.
  • #227,908
  • Jun 16, 2010 3:22pm Jun 16, 2010 3:22pm
Quoting igmak
Trade daily/weekly. There is no range (check my last post http://www.forexfactory.com/showthre...15#post3806115). Took long @ 5sma 134.60 and SL @ BE on average postion. Expecting 142 and then 147 unless 132.5 is broken on daily.

Update: I started collection of my long trades from 131 last week.
Quoting Geppy
That's currently the lower end of the range with 136ish the upper end. I'm willing to bet you get stopped out.
Looks like I won that bet!
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  • #227,909
  • Jun 16, 2010 3:29pm Jun 16, 2010 3:29pm
Gettin some really odd spread action here on MBT quotes... the offer just started coming up about 50-75% further from the bid than usual.
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  • #227,910
  • Jun 16, 2010 3:48pm Jun 16, 2010 3:48pm
You gotta feel sorry for anyone who watches PA all day during these times. I look at it once an hour and for the one minute I spend looking I can feel a severe headache coming on within seconds.

By the power of Soros, I command thee to drop!
  • #227,911
  • Jun 16, 2010 3:53pm Jun 16, 2010 3:53pm
Quoting Geppy
Gettin some really odd spread action here on MBT quotes... the offer just started coming up about 50-75% further from the bid than usual.
Maybe because they are getting scalped to death?
  • #227,912
  • Jun 16, 2010 3:55pm Jun 16, 2010 3:55pm
Quoting Cod
Maybe because they are getting scalped to death?
Not sure why, but it stopped and is holding it's normal 4pip spread now. Only usually see stuff like that during news and stuff.
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  • #227,913
  • Jun 16, 2010 3:58pm Jun 16, 2010 3:58pm
Quoting Geppy
Not sure why, but it stopped and is holding it's normal 4pip spread now. Only usually see stuff like that during news and stuff.
I'd think it's a big gap between sell & buy offers ... should be a sign of things to come. For what it's worth, my high volume Citibank LP feed didn't exhibit anything strange or beyond the 2.8 pip spread. Update: In the meantime, as we languish here around 134.67 I'm starting to see gaps on the M1 chart - I think that's the same type of symptom as yours! Update 2: My spread has gone to 8 pips!!! I rarely get that, solely on Sunday open! Damn it, now I have that worry if I wanted to pile in with a further short!
  • #227,914
  • Jun 16, 2010 4:14pm Jun 16, 2010 4:14pm
OANDA's spread is 7 right now...I should wait for a while and then I will update you when Asia comes online...

Quoting Beljevina
I'd think it's a big gap between sell & buy offers ... should be a sign of things to come. For what it's worth, my high volume Citibank LP feed didn't exhibit anything strange or beyond the 2.8 pip spread. Update: In the meantime, as we languish here around 134.67 I'm starting to see gaps on the M1 chart - I think that's the same type of symptom as yours! Update 2: My spread has gone to 8 pips!!! I rarely get that, solely on Sunday open! Damn it, now I have that worry if I wanted to pile in with a further short!
  • #227,915
  • Jun 16, 2010 4:52pm Jun 16, 2010 4:52pm
Quoting Geppy
Looks like I won that bet!
I think you can't read the whole thing correctly which says "Took long @ 5sma 134.60 and SL @ BE on average postion." and average position combines 5 different trades from 131.00-134.60.

Please do not make wrong comments unless you read or at least highlight the whole thing.

You didn't win anything. .

P.S. I just tighten my SL to +100 pips from average position.
Do not follow my trades. Trade what you see on your own charts.
  • #227,916
  • Jun 16, 2010 5:08pm Jun 16, 2010 5:08pm
Quoting igmak
I think you can't read the whole thing correctly which says "Took long @ 5sma 134.60 and SL @ BE on average postion." and average position combines 5 different trades from 131.00-134.60.

Please do not make wrong comments unless you read or at least highlight the whole thing.

You didn't win anything. .

P.S. I just tighten my SL to +100 pips from average position.
Alright igmak

I see your reason and trade plan thats fair enough but longs are getting weaker theres no question about that if we look at the 3rd june we tested the 50 ema on the daily now we have tested it twice today and yesterday we also have a double top from the 3rd on the bigger picture we are in a down trend but are ranging on the weekly chart the other problem we have with longs is usd buying im guessing longs are taking profit here but thats just my opinion could be way off

take it easy people and play nice
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  • #227,917
  • Jun 16, 2010 5:28pm Jun 16, 2010 5:28pm
Quoting cohiba pips
Alright igmak

I see your reason and trade plan thats fair enough but longs are getting weaker theres no question about that if we look at the 3rd june we tested the 50 ema on the daily now we have tested it twice today and yesterday we also have a double top from the 3rd on the bigger picture we are in a down trend but are ranging on the weekly chart the other problem we have with longs is usd buying im guessing longs are taking profit here but thats just my opinion could be way off

take it easy people and play nice
Agreed. If daily GANN and LTL of the channel are broken on daily then we will see bearish continuation. So far I see pull back to NL of the inverted H&S and daily 5sma.

Bullish continuation will proceed if PA break daily 50ema
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Do not follow my trades. Trade what you see on your own charts.
  • #227,918
  • Jun 16, 2010 7:09pm Jun 16, 2010 7:09pm
133.62 in target
  • #227,919
  • Jun 16, 2010 7:10pm Jun 16, 2010 7:10pm
min target for me is 132.50

Quoting maanawi
133.62 in target
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  • #227,920
  • Jun 16, 2010 7:18pm Jun 16, 2010 7:18pm
Quoting Geppy
min target for me is 132.50
Hi Geppy
133.23 to 133.16 is kinda strong we may see some retrace from there
132.56 could be good target also
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