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cgldsmth replied Nov 29, 2007well it retraced a little lower than 227.20 but now is good to go long IMO.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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cgldsmth replied Nov 28, 2007Well I've had a lucky day (1121 pips), and no matter how many gurus say otherwise, luck plays a major role! I'm sure guppy will retrace either to 228.0 or 227.20, since the ADR is over-exhausted already. JPY news at 11.50 may play a roll. However, ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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cgldsmth replied Nov 28, 2007trend-line break, overbought, strong bear candle, no supply line for ages...
Aussie Pairs
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cgldsmth replied Nov 28, 2007I fully expect another bull candle tomorrow. When the body is this long it's usually followed-through the next day. AIMHO.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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cgldsmth replied Nov 28, 2007228.3 is also a point of resistance on H1
Auslanco - GBP/JPY and GBP/USD (newstrade)
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cgldsmth replied Nov 28, 2007No. Bad US economic news was priced into the retracement and the recent equity falls. As you say triple swap will also be a driver.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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cgldsmth replied Nov 28, 2007mmm, strange logic for a pair that is in a long-term uptrend and has retraced to it's 50% fib!
Auslanco - GBP/JPY and GBP/USD (newstrade)
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cgldsmth replied Nov 28, 2007there's likely to be another good gain on the Dow today (the "2 big candles in a row" hypothesis) which should give the carry trade further legs. GBPCHF has been the biggest gainer so far.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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cgldsmth replied Nov 28, 2007my first target is 229, then 237.25, then 250 and beyond.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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cgldsmth replied Nov 28, 20071st taget 1.65, second 1.56. Should net over 1200 and some nice swap.
GbpChf
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cgldsmth replied Nov 27, 2007I must say I don't fully understand why people are still short. This pair has bounced off strong support and a 50fib. A close within the outer BB is bullish, especially with triple-swap tomorrow.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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cgldsmth replied Nov 27, 2007I think most of the finance-stock driven equity gains have been short covering. Don't expect much more. Interesting that give JPY's high correlation with banking stocks that there hasn't been such a surge in the carry trade today
Auslanco - GBP/JPY and GBP/USD (newstrade)
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cgldsmth replied Nov 27, 2007yes, sold it on the way down for about 800.I like this and EURAUD, nice swinging trends, big movements, no messin'!
GbpChf
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cgldsmth replied Nov 27, 2007good long opportunity for about 1000 pips plus good swap rates.
GbpChf