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

  • #230,221
  • Aug 4, 2010 8:29am Aug 4, 2010 8:29am
my view....
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Gold Expedition Return This Year: -16.4%
  • #230,222
  • Aug 4, 2010 8:45am Aug 4, 2010 8:45am
Quoting fxphone
small lot at 1200
thanks
  • #230,223
  • Aug 4, 2010 8:57am Aug 4, 2010 8:57am
Quoting budak baru
my view....

not for me now bro...h4 just playing out..try to short here..
  • #230,224
  • Aug 4, 2010 9:07am Aug 4, 2010 9:07am
Quoting clientfx
not for me now bro...h4 just playing out..try to short here..
keep an eye on dollar strength bro. The usdjpy is currently leading this pair up.
Thank You
  • #230,225
  • Aug 4, 2010 9:43am Aug 4, 2010 9:43am
This may slip under the radar, but is important I think.

Chinese government to run new bank stress tests on the country's banks. Main criteria is the banks' ability to withstand house price drops of 60%. (The previous test only measured drops of 30%).

Whether we want to look beyond the headline or the reasons for the new tests aren't important. What is important is that this may not be good news for the World economy.
  • #230,226
  • Aug 4, 2010 9:47am Aug 4, 2010 9:47am
i am really confused by this PA. Strong data and a dollar pull on the risk pairs :/
  • #230,227
  • Aug 4, 2010 10:34am Aug 4, 2010 10:34am
now maybe JPY turn to be shorted
Verily, in every difficulties there is relief
  • #230,228
  • Aug 4, 2010 11:05am Aug 4, 2010 11:05am
Based on One hour chart why gj moved up after the fall during Asia

The one hour candle has not moved much away from EMA 100 after the drop
MACD started to move towards the zero line but still has not crossed the zero line

BB Band has not dropped heavily after the drop but supporting the candle

CCI 20 has not crossed below 30
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  • #230,229
  • Aug 4, 2010 11:54am Aug 4, 2010 11:54am
Quoting ukdaytrader
This may slip under the radar, but is important I think.

Chinese government to run new bank stress tests on the country's banks. Main criteria is the banks' ability to withstand house price drops of 60%. (The previous test only measured drops of 30%).

Whether we want to look beyond the headline or the reasons for the new tests aren't important. What is important is that this may not be good news for the World economy.
While all true, the meaning this takes on for the world economy is really all up to the big boys, and to what extent they twist it, sell the issue, and how well it gets fanned & bought by Joe Public. Basically, it will become a negative factor when they say so.

I think that's especially so because we're talking about a very isolated & shielded currency here, and a communist political system. 1) No one in the world really knows what the hell the Chinese are doing with the yuan - they will always give the textbook appropriate response, regardless of how much QE they may be partaking in - heck, there's 1.3 billion people there vs. the miniscule numbers behind the US and other currencies and 2) communist political systems are hell bent on self preservation, hence the need to make sure everything "fits." Rocking that type of a (very large) boat too much can lead to grave consequences.

Also, introducing China as a factor to world economic stability is just the next leg up for the big boys to confuse the average investor even more. Throw in Africa as the new China, and our worlds will change in ways we can't imagine.
  • #230,230
  • Aug 4, 2010 12:19pm Aug 4, 2010 12:19pm
Beljevina, I live in the Land of OZbama. Thank you for your views and research time you spend.
  • #230,231
  • Aug 4, 2010 12:45pm Aug 4, 2010 12:45pm
uj kissing ema 100 and coming back
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  • #230,232
  • Aug 4, 2010 12:51pm Aug 4, 2010 12:51pm
Quoting plucker01
Beljevina, I live in the Land of OZbama. Thank you for your views and research time you spend.
Thanks for the support, although no thanks is really necessary. Not sure I understand if the land of "OZbama" is meant to be good or otherwise for you - personally, it's what we all make it. And I'm just north of you, and can point to a crop of problems, but I'm too little to resolve them, not likely to mold things my way, and choose to focus on my family and those around me.

On research ... since I trade full time, I use a sponge approach to reading everything I deem useful. It's important to remain critical and open minded to everything as much as possible. And hopefully some of it translates into fx profits.
  • #230,233
  • Aug 4, 2010 2:25pm Aug 4, 2010 2:25pm
Quoting clientfx
not for me now bro...h4 just playing out..try to short here..
geez.. some people just call trades out of their a$$
  • #230,234
  • Aug 4, 2010 3:40pm Aug 4, 2010 3:40pm
Quoting fxghost
Exited at yesterday's high 137.65. A small day trade. Direction is still up, as support holds. It is at 136.30 now. I will be looking at that level. It could be visited during asian sesion. 123 and buy on dips. That's it. Simple strategy.
Stop loss was hit. However, the pair reversed again by forming 123 pattern at the same level, so I went up from 136.20 again and exited at 136.90. I still have a bullish position towards pound and now support is at 136.70
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  • #230,235
  • Aug 4, 2010 3:43pm Aug 4, 2010 3:43pm
Quoting KillerWhale
Direction is down in my opinion. GANN 4 hour is flipping. All indicators pointing down.
Let's see how far down we can get.
It broke resistance. Now stays above support. How can it be down? Long term? Yes. Short term, it is up.
  • #230,236
  • Aug 4, 2010 6:22pm Aug 4, 2010 6:22pm
3 morning doji star (like) in a row !
anyone interpret please?
thanks
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  • #230,237
  • Aug 4, 2010 6:23pm Aug 4, 2010 6:23pm
sorry evening
  • #230,238
  • Aug 4, 2010 6:57pm Aug 4, 2010 6:57pm
Quoting riko2705
3 morning doji star (like) in a row !
anyone interpret please?
thanks
Tough call. In a strong up trend, they'd be almost meaningless, indicative of multiple attempts to get the price higher. We could see a dip from here to build further support, but another attempt at higher prints is likely. Bring it up on a H4, and it disappears.

The dip to 135.8 was hugely bought - see the H1. On H4, the bar is one of the highest of the last few weeks.
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  • #230,239
  • Aug 4, 2010 7:00pm Aug 4, 2010 7:00pm
thank you sir
appreciated
good trades
  • #230,240
  • Aug 4, 2010 8:23pm Aug 4, 2010 8:23pm
Quoting riko2705
thank you sir
appreciated
good trades
Hmm. The last hour printed a fairly distinctive and most visual shooting star yet. Part of the problem is, we're correlated with UJ movement and yen strength. Need confirmation though on shorting, and, I take it all with a grain of salt, as, it's in low volume and the confusing Asia session. Shorter beware, but worthy of a scaled out short if it shoots up this hour once more. I do though expect another reach, probably as late as Frankie fakeout time.
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