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ovaforty replied Jun 10, 2008The G-7 (especially the Germans) were bitching about the weak yen for years and nothing really came of it until the market panic caused the carry trade unwind.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Jun 10, 2008
exactly! Look at the massive head and shoulder on the eur/usd 4 hour chart.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Jun 10, 2008
If you are in the U.S., and you have cable tv, look for asia squawk box on CNBC World channel. Excellent currencies coverage, plus equities.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Jun 10, 2008
are you monitoring the asian equities also?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Jun 10, 2008
watch the asian equities. They have been getting their asses kicked. They have sold their eur/usd longs and aud/usd carry trades to cover their losses so far. A turn around in the asian markets could signal some reversals. This is part of the reason ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Jun 10, 2008
nice chart. Looks like a kings crown on that hourly.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Jun 10, 2008
can ya post a chart to show us?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Jun 10, 2008
What are you basing that on?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Jun 10, 2008
Daily chart divergence on the 14 c mom has been also been breached to the upside.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Jun 10, 2008
the 14 c mom was showing divergence on this 4 hour chart, but has since made a higher high.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Jun 10, 2008
You could be right, if they start to run stop losses. But the charts dont signal it yet.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Jun 10, 2008
Look at the crashes in the asian equities..... They are hedging their losses.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Jun 10, 2008
4 hour chart moms show a retrace to 5 sma high. Might be a good contra-trend scalp.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Jun 10, 2008
Here is daily chart usd/jpy. Moms are all above 100. Price is trading way above the 5 sma high on 4 hour, daily, weekly and monthly charts. Price has breached the red 200 sma. The brown 55 sma has crossed above the aqua colored 100 sma. previous ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Jun 10, 2008
monthly, weekly, daily, and 4 hour usd/jpy are all trading above their respective 5 sma highs. Not exactly bearish.....
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Jun 10, 2008
you picking tops now, rustyy? I am surprised.
Auslanco - GBP/JPY and GBP/USD (newstrade)