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

as for now i think price will retrace to daily 5 sma before continuing go down.

Hi 'pip' junkies. Am loving this more than ever. Back due to ........... (Missing this forum) Hope to contribute my two cents and probably gain a cent or so.

Cheers to a new friend.

:nerd:

If we have again bearish at US session I will target longs at at these levels with tight sl from each level

bad news ?

how are they called ?

green shots ?

Good fight between two great traders lets see who will win

Thats why I stopped posting like I used to. There are way too many people in this thread guessing and gambling or flat not knowing what they re talking about. Been shortlong term in this pair for 8 days and gonna reap soon.

J

Census firings ready to commence and ADP comes out a paltry 13k. There's gonna be some serious pain soon.

is GJ tanking ?

Don't worry there is no sugar

Draw trendline off of the first 2 lows. Break and test of the UTL and down she goes. Simple stuff. Waited days for this.

http://www.forexfactory.com/showpost...stcount=228395
i will keep my longs on for some time

gbx index target is 2.7 for now

you may like to see this
http://www.gizamap.com/

we are at the monthly support, 132.65/131.63/130.03 - see chart.

Cable projections...

as for cable... still bullish until lower limit of channel is broken - 1.4729 area (higher high + higher low on weekly); in fact, i think that's where it's heading for now.

Hello Scrat,

is these levels on your chart will be change after month candle close? or its continues for some months?

I have support on H1 and on daily around these levels but price didnt respect it sharply, so I guess we may see another tries for more bearish.

*i'm out of longs already, last 2 hours +150 longs only

monthly candle will only change monthly levels, everything else will stay in place...

From the Daily Telegraph: Royal Bank of Scotland strategist Andrew Roberts said he sensed a "Minsky moment" approaching - the point identified by economist Hyman Minsky when investors start to panic. "We are seeing a snowball effect of negative news," he said. "It's all rather messy out there. In the last few days there has been a tangible shift from complacency to a realisation that maybe things aren't looking all that good. This is almost identical to two years ago – complacency giving way to the abundant risks out here."

Tomorrow, banks have to pay back 442bn Euro, and so bring to a close the ECB’s one year funding to help out.

After tomorrow, and assuming the one year loans are not renewed, what is left is three month funding options for those that need it. Today, the ECB was hailing the lower than expected tapping into of this fund by banks as a sign that things are getting better, and that there was inter-bank lending occurring within EuroLand. Hmm, not so fast there, boys. Other editorial would suggest that the low take up was entirely due to apprehension about the closure of the one year fund tomorrow.

Not to bore the reader with the columns contained within the ECBs accounts, and also to avoid any erroneous computation on my part, but the ECB is still lending at record levels, and if one is to look at the LTRO and MRO columns, things don’t add up. The ECB would have us believe that 1 in 7 banks require access to emergency funds at present, yet summation of the two aforementioned columns, would suggest that the figure is closer to 1 in 3, maybe even 1 in 2.

Dear me…

What uninspiring GJ movement - a 40 pip range in 4 hours - it's mirroring the S&P which is equally lethargic, stuck in a 6 point range! Good news for bulls is it may be a equity market bottom that's forming, and I suspect we'll stay in a very slim range until NFP announcement time on Friday; London has been largely directionless for some time now, and traditionally the eve before US NFP that intensifies - I'll be looking to identify GY's 40 pip range and buy and sell within it.

Will be interesting to see the response to presumably crappy NFP - would not surprise me to see the bottom get bought and 130.5/129.x might be the GY base for the next few weeks. Still short GY, GU with partial positions. Bear in mind the US July 4th holiday coming up - there doesn't tend to be too much bear appetite around these times, unless it's really merited. I think I'm going to be trading more CADYEN, EURYEN, AUDYEN & EURUSD - things seem a tad clearer over there.