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

  • #229,101
  • Jul 14, 2010 11:58pm Jul 14, 2010 11:58pm
Quoting maanawi
13475
depend
  • #229,102
  • Jul 14, 2010 11:59pm Jul 14, 2010 11:59pm
Pound seems to have topped versus dollar. Should be good time to short gy
  • #229,103
  • Jul 15, 2010 12:04am Jul 15, 2010 12:04am
Quoting 5ysfx
GL with ur long
USD index at multiyears support....
according to me, he is short on AUDUSD
Addicted to FX
  • #229,104
  • Jul 15, 2010 12:13am Jul 15, 2010 12:13am
i do see good descending triangle developing last 24h
if we break it down 133.4 is next
if up, may be another 135.5 supported by bullish divergence
I'm favor of downside
Attached Image (click to enlarge)
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  • #229,105
  • Jul 15, 2010 12:27am Jul 15, 2010 12:27am
I've been watching the gy for a while today... seems like 134.50 is the stalling point then it goes down...question is will this go on all night or are we on the way down to 133.5....
  • #229,106
  • Edited 12:47am Jul 15, 2010 12:31am | Edited 12:47am
Looking at the Wave Count from 131.40 .. looks like we had our wave#1 till 135.79...right now consolidating WAVE#2...and wave#3 UP should start now...

Just an observation.... So Bias is UP...IMO...

5 min..15 min..1 HR....Still a Bull Flag....

I am expecting 136.80- 137.36 to get hit before 133.40...

Max down price for now 134.12...Of course as usual could be wrong...
Markets are not Random, they are designed!
  • #229,107
  • Jul 15, 2010 12:31am Jul 15, 2010 12:31am
Hi guys,

I just wanna have an idea about the Target level for GJ. This crazy range has been killing me...


Quoting grashid
mm...look at ur EY n GY daily n H4 as well as ur volume..its not confuse mate...its quite clear...just wait in london open to confirm then only make ur set-up...

am just taking my audusd .88429/27 5 lotX2 entryjust now...

come skype i show u my chart...

g
  • #229,108
  • Edited 1:22am Jul 15, 2010 12:37am | Edited 1:22am
Quoting mry2001
I just noticed IBFX changed the swaps to negative from positive. This means GBP/JPY should be going up. Bankers use negative swaps to trick traders into wrong directions. Negative swap changing is a very reliable indicator by my observation. when the swap of a trade turn from + to -, its a winning trade.
I have no idea how or if IBFX has done this before, but if you're saying they used to pay you swap if you were holding yen pairs, I'd might think they've changed the terms of their service, as many organizations do today, to their benefit, and your detriment, permanently.

I'd been talking to some veteran traders recently on this, and apparently the selection of brokers that today will pay you swap has severely diminished. The carry trade was popular for this many years ago, but it's one of those frills that is incredibly hard to find with new broker accounts I'm told. Some are apparently stuck to honouring it based on when you signed up with a specific broker, and the T's & C's that applied back then, whereas new accounts receive different T&C's, with the same broker. And, if the T&C's can be changed on the fly (like with my phone company, ISP provider, etc.), perhaps that's all that IBFX has done. Might be an idea to pose the question to them explicitly - nothing wrong with that.

On GY, I'm bearish. This is the time we should wake up, and I might be looking for shorts around 134.6 or below 135/135.2, but really depends what the Franki boys throw at us - would not surprise me to see them run it up once or twice to the same levels (as they did yest. morning), only to have it fail (perhaps expecting it to fail) and get hit by shorters. Might have to reconsider if we surpass yesterday's high, but I also think the equity markets straight up fume driven ride of the past 6-7 days, has run out of magic dust.

If my guess works out, then my 1st TP will be 133.3. Am also thinking whatever today's trend is as set by London, will continue into the NY session.

EDIT: Added D1 chart with a previous triangle breakout, and screenshot the MT4 crosshair to show if today's candle comes down to my declared support at 133.3, that coincides with the top of the triangle/TL: GY has a tendancy to exhibit this type of behaviour throughout all chart timeframes; in this case, a range of 100 pips from the current daily low would not be unusual. How it behaves there, we'll declare and call when it arrives. (Oh, and I probably shouldn't call it a breakout from the triangle, because I'm bearish!)
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  • #229,109
  • Jul 15, 2010 1:00am Jul 15, 2010 1:00am
I'm short at 134.65 even if frankie wants to take it up a bit, the 4hr chart looks like the move is headed south..IMHO...




Quoting Beljevina
I have no idea how or if IBFX has done this before, but if you're saying they used to pay you swap if you were holding yen pairs, I'd might think they've changed the terms of their service, as many organizations do today, to their benefit, and your detriment, permanently.

I'd been talking to some veteran traders recently on this, and apparently the selection of brokers that today will pay you swap has severely diminished. The carry trade was popular for this many years ago, but it's one of those frills that is incredibly hard to find with new...
  • #229,110
  • Jul 15, 2010 1:31am Jul 15, 2010 1:31am
Quoting maanawi
keep an eye on this trend line if it broke then put long on your 2 options
clear img
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  • #229,111
  • Jul 15, 2010 1:35am Jul 15, 2010 1:35am
Quoting Raza
Looking at the Wave Count from 131.40 .. looks like we had our wave#1 till 135.79...right now consolidating WAVE#2...and wave#3 UP should start now...

Just an observation.... So Bias is UP...IMO...

5 min..15 min..1 HR....Still a Bull Flag....

I am expecting 136.80- 137.36 to get hit before 133.40...

Max down price for now 134.12...Of course as usual could be wrong...
Hi pal, for other view, we may still inside triangle for last wave down heading 132.xx only start the real Wave 1. IMHO, Cheer.
  • #229,112
  • Jul 15, 2010 1:35am Jul 15, 2010 1:35am
Quoting grashid
u out of dated bro...we r talking a few thousand of mile already and you just started...mm
http://prudentinvestor.blogspot.com/...ns-public.html

let see:
US public Debt = $13T = $13000Bln / 314mln [Million People] = $41.000,00
UK public Debt = GBP4T=$6000Bln / 61mln [Million People] = $98.360,00
Greece P Debt = E300Bln = $381Bln / 10mln [Million people] = $38.100,00

You do the Rest..
  • #229,113
  • Jul 15, 2010 1:42am Jul 15, 2010 1:42am
Quoting Piters
http://prudentinvestor.blogspot.com/...ns-public.html

let see:
US public Debt = $13T = $13000Bln / 314mln [Million People] = $41.000,00
UK public Debt = GBP4T=$6000Bln / 61mln [Million People] = $98.360,00
Greece P Debt = E300Bln = $381Bln / 10mln [Million people] = $38.100,00

You do the Rest..
Seem like interesting open on G session now for this debt. Thanks for the link mate
  • #229,114
  • Jul 15, 2010 1:53am Jul 15, 2010 1:53am
Quoting Piters
http://prudentinvestor.blogspot.com/...ns-public.html

let see:
US public Debt = $13T = $13000Bln / 314mln [Million People] = $41.000,00
UK public Debt = GBP4T=$6000Bln / 61mln [Million People] = $98.360,00
Greece P Debt = E300Bln = $381Bln / 10mln [Million people] = $38.100,00

You do the Rest..
Hey at least it was better record than the White House.

Not sure where the CNBC article is now but the gist of it was Barack Obama proudly announced that his bold Job creation stimulus plan created or saved 3 million jobs.......... and it only cost $862 billion.

Good Job Barry, you just blew $287,333.33 per job.
  • #229,115
  • Jul 15, 2010 1:54am Jul 15, 2010 1:54am
Quoting Piters
US public Debt = $13T = $13000Bln / 314mln [Million People] = $41.000,00
UK public Debt = GBP4T=$6000Bln / 61mln [Million People] = $98.360,00
Greece P Debt = E300Bln = $381Bln / 10mln [Million people] = $38.100,00
You do the Rest..
Yep, I read that article ... quite concerning. Here's the write-up from The Independent: Britain's Debt - The Untold Story

What I don't get is that news and article came out on Wednesday, and I can't recognize any equity or fx market reaction. That's weird, only because of the stellarness of the news; can you imagine it having come out in the days or weeks before May 6? Yet today, the SOP (Standard Operating Procedure) is to ignore all bad and attrocious news, and cast it aside - after all, what do the equity and fx markets have to do with the unemployed, uncontrolled debt, severely empty gov't coffers ... it's all (solely!) about company earnings! It's actually getting sickening watching the bullish talking heads on Bloomberg declaring how wonderful companies are doing, ignoring the deep societal changes that their USA is going through. Anyways ... that fills my daily quota of being P O'ed !

I just came across this UK version of the debt clock - fascinating, and very real; graphic candy included below. If you don't know about the US and Canadian versions, enjoy them too. I bet there's a whole line of these for all the euro countries - would love to see their URLs, numbers and real people impact, if anyone has 'em!
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  • #229,116
  • Jul 15, 2010 1:56am Jul 15, 2010 1:56am
Quoting Piters
http://prudentinvestor.blogspot.com/...ns-public.html

let see:
US public Debt = $13T = $13000Bln / 314mln [Million People] = $41.000,00
UK public Debt = GBP4T=$6000Bln / 61mln [Million People] = $98.360,00
Greece P Debt = E300Bln = $381Bln / 10mln [Million people] = $38.100,00

You do the Rest..
And now here comes Ireland

also list of external debt is also very clear
http://en.wikipedia.org/wiki/List_of..._external_debt




debt in USD per capita of GDP

Ireland 2,287,000,000,000 515,671 1004% in 2009

and nice gallery

http://www.cnbc.com/id/30308959/The_...tions?slide=21
  • #229,117
  • Jul 15, 2010 1:56am Jul 15, 2010 1:56am
Quoting Powerm@n
according to me, he is short on AUDUSD
...my hat to u sir...

p/s: that is why i kept telling they never learn
  • #229,118
  • Jul 15, 2010 1:59am Jul 15, 2010 1:59am
Quoting Eulogy
Hey at least it was better record than the White House.

Not sure where the CNBC article is now but the gist of it was Barack Obama proudly announced that his bold Job creation stimulus plan created or saved 3 million jobs.......... and it only cost $862 billion.

Good Job Barry, you just blew $287,333.33 per job.
Yeah.. you know.. the rest is "Administration FEE"
  • #229,119
  • Jul 15, 2010 1:59am Jul 15, 2010 1:59am
Quoting special0nefx
Hi pal, for other view, we may still inside triangle for last wave down heading 132.xx only start the real Wave 1. IMHO, Cheer.
Post your Chart for that Triangle....

Thanks...
Markets are not Random, they are designed!
  • #229,120
  • Jul 15, 2010 2:11am Jul 15, 2010 2:11am
Quoting Piters
http://prudentinvestor.blogspot.com/...ns-public.html

let see:
US public Debt = $13T = $13000Bln / 314mln [Million People] = $41.000,00
UK public Debt = GBP4T=$6000Bln / 61mln [Million People] = $98.360,00
Greece P Debt = E300Bln = $381Bln / 10mln [Million people] = $38.100,00

You do the Rest..
come on boss.....anyway thanks for your insight
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