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

  • #231,601
  • Sep 8, 2010 9:12am Sep 8, 2010 9:12am
Close partial for 50 pips,recovering previous loss.

Rest at breakeven +1.Free trade now.
Still expect the UTL and 131.xx to be tested.
  • #231,602
  • Sep 8, 2010 10:12am Sep 8, 2010 10:12am
Quoting honeybhi
Close partial for 50 pips,recovering previous loss.

Rest at breakeven +1.Free trade now.
Still expect the UTL and 131.xx to be tested.
UTL Done .

Also at daily R2.
Expect a bounce and then attack the green trendline.
Will continue to hold my longs.
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  • #231,603
  • Sep 8, 2010 10:56am Sep 8, 2010 10:56am
Quoting grashid
"BOC has been on target with its monetary policy and the series of rate hikes since June has been done in such a way that avoided parity level on the USDCAD pair. This may be another opportunity to BOC to hike interest rate and at the same time warn the market over future uncertainty, which will make CAD less strong, thus keeping the volatility to a minimum.

On the other hand, we are also seeing the economic growth in the 2nd quarter slowing, along with negative job data. With US economic outlook lagging, BOC may pause for the time being...

Since...
simple an easy with not less than 150pips up for UCAD, GU as well as GY...an easy pips today....
  • #231,604
  • Sep 8, 2010 11:00am Sep 8, 2010 11:00am
Quoting grashid
simple an easy with not less than 150pips up for UCAD, GU as well as GY...an easy pips today....
tomorrow could be the same situition but in down move....

cheers

g
  • #231,605
  • Sep 8, 2010 11:15am Sep 8, 2010 11:15am
i think finaly ur way
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ALL IS WELL
  • #231,606
  • Sep 8, 2010 11:31am Sep 8, 2010 11:31am
Quoting rupeshrock
i think finaly ur way
yes and u must c how today close..it must be below 129.60/70 n 128.70 is easy for that....

otherwise if close above 130.30/40...131-133.80 could possible as well....

just patient n watch ur H1....

good luck guys

g
  • #231,607
  • Sep 8, 2010 1:37pm Sep 8, 2010 1:37pm
Not been actively trading GJ lately; have found CADYEN easier for longing and GBPCAD for shorting. CADYEN's broken above the TL from NFP's high, but still needs confirmation: we may have that with the 2nd last rejection off the fib and prominent buying that just lifted it - looks like a fair amount of buying for a 2:30pm EST afternoon. Good CDN PMI and BoC rate increase got it there, and am expecting 81.5 hopefully (and more).

Quoting Beljevina
There's so little BoJ can do. The daily fx market is confirmed at 4 trillion. The US is no longer seeing the love it used to years ago. For BoJ to move the market in any significant way makes hundreds of billions as only the starting point, and the last thing Japan needs is more foreign reserves, in a currency that they will eventually need to dump. And, collectively, there are so many players that can work against them , that it would make the CHF intervention look like loose change losses. This...
Anyone have a good contact at a large Japanese bank? If so, give them a shout to confirm the rumour of possible intervention where BoJ gave them a heads up. Hopefully we can at least benefit from a buy the rumour approach, just watch for the sell-the-fact, if intervention doesn't happen. Would be very interesting to see BoJ try - imagine the shenanigans by the deep pocketed. GY may also translate to a 129.75 base, although I'm not as enthusiastic about trading it.
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  • #231,608
  • Sep 8, 2010 2:17pm Sep 8, 2010 2:17pm
Quoting grashid
tomorrow could be the same situition but in down move....

cheers

g
G please what do you think about EU? will it tank following the GU?? or there a chance for EUR strength ?
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  • #231,609
  • Sep 8, 2010 6:00pm Sep 8, 2010 6:00pm
Expecting GJ to form a 3 structure down to break the current low to complete the entire structure in Daily TF. I m predicting this is a wave 5 in C downtrend.

Sell S/L 130.65 T/P 127.90

I added pending sell limit at 130.11 & 130.39 with the above stops.
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  • #231,610
  • Sep 8, 2010 7:36pm Sep 8, 2010 7:36pm
I'd mentioned before CADYEN had broken out of the downtrend channel: it hasn't. MT4 (another set of charts) is tricky that way - look at H4, all's good, but H15/30 shows the TL wrong. So, am waiting for Asia, Au to react to CAD and buy it up, and break upwards; perhaps the fix in <30 minutes will do so.

There's also chatter of hedge fund yen pair buying, and that 'intervention', that I keep saying () either won't happen and/or won't work.
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  • #231,611
  • Sep 8, 2010 8:39pm Sep 8, 2010 8:39pm
Quoting grashid
yes and u must c how today close..it must be below 129.60/70 n 128.70 is easy for that....

otherwise if close above 130.30/40...131-133.80 could possible as well....

just patient n watch ur H1....

good luck guys

g
Thank u broth..have a nice day
ALL IS WELL
  • #231,612
  • Sep 8, 2010 11:48pm Sep 8, 2010 11:48pm
price falling in tight trends, will it go down to 127.06 ?! i will keep eye on the trends today . some peace of mind
was nice call of you honey bhi
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  • #231,613
  • Sep 9, 2010 1:21am Sep 9, 2010 1:21am
Quoting maanawi
price falling in tight trends, will it go down to 127.06 ?! i will keep eye on the trends today . some peace of mind
was nice call of you honey bhi
Hii .Trade short positions at 129 area cautiously,if not in a pos from top.
Very dangerous area .I just took a long at 50% the last upmove at 129.18 with 100 pips stop .Lets see how it goes.
Good luck .
  • #231,614
  • Sep 9, 2010 1:30am Sep 9, 2010 1:30am
Quoting honeybhi
Hii .Trade short positions at 129 area cautiously,if not in a pos from top.
Very dangerous area .I just took a long at 50% the last upmove at 129.18 with 100 pips stop .Lets see how it goes.
Good luck .
I agree with you about dangerous area for bearish but this was at the orange trend line crossing 129.35 ~~ i think bears are safe some now..
  • #231,615
  • Sep 9, 2010 1:36am Sep 9, 2010 1:36am
Quoting maanawi
I agree with you about dangerous area for bearish but this was at the orange trend line crossing 129.35 ~~ i think bears are safe some now..
I may be wrong.
Lets see.Let SL hit or I will make profit.Just another trade.
Good luck to u.
  • #231,616
  • Edited 1:58am Sep 9, 2010 1:43am | Edited 1:58am
Quoting honeybhi
I may be wrong.
Lets see.Let SL hit or I will make profit.Just another trade.
Good luck to u.
you maybe right i maybe wrong .. you know what you are doing and that is good.
Good luck honey bhi

----------
maybe price have this scenario between the trends
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  • #231,617
  • Sep 9, 2010 2:06am Sep 9, 2010 2:06am
Interesting market dynamics underway. Frankfurt did nothing more than follow the sell trend for most pairs. Major bull & bear battle underway for the yen crosses. It's interesting to note that while GY has been falling and making lower lows on the M5/M15 for hours now, CADJPY has been in an uptrend for an hour; even the EY & the euro is not falling as dramatically as sterling; seems like there's very little interest in sterling compared to the euro.

My CADJPY trade didn't work out exactly as expected, but it's coming back nicely after forming a 80.46 base. GBPCAD has been a nice trade and may well be for the session if CAD strength & sterling weakness continues. 1.039 rejection on USDCAD is key too; if 1.034 breaks, it could go far.
  • #231,618
  • Sep 9, 2010 2:39am Sep 9, 2010 2:39am
Testing support ?????
Lets see if it can hold.
Would like to see that level cleared for shorts.
Unless its sorted out longs in play .
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  • #231,619
  • Sep 9, 2010 3:34am Sep 9, 2010 3:34am
price did enter the channel again, maybe 15202 in target
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  • #231,620
  • Sep 9, 2010 4:08am Sep 9, 2010 4:08am
Buying on dips.Added to pos.128.65.
Daily S1 touched.
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