Good trade in GBP-CHF. Still seeking more Pound moves. http://ow.ly/1sUwr Pound, Forex

Few thoughts about, abd trades in GBP. Take a look. http://ow.ly/1sUwr Pound, Forex

New week - new trades, mostly in British Pound. See which pairs. http://ow.ly/1kmOg Pound, Forex

Pound finally moves up bringing in few hudred pips in combined GBP pairs trades. See which ones. http://ow.ly/1iKTZ forex, Pound

Toyota in trouble

US automakers are not alone in feeling pain. Toyota, which just recently has passed GM as the world's largest producer of cars, has taken a rare step of shutting down production for 11 days. Only plants in Japan are scheduled take this drastic step. This follows three days shut down that took place in December. This step highlights the impact of the relentless decline in global demand for cars, which plunged over 35% in December. To be fair, Detroit's troubles started well before recent economic slowdown, and were somewhat different that Toyota's. Regardless, most, if not all, world's car producers are suffering.Forex commentators were quick to link this development with Yen weakness, which is probably pile of crap. Let's not forget that over last few months there were NO good news coming from Japan and Yen still managed to stage a great rally, which is overdone now. I strongly suspect, any news from Japan could be used as an excuse for falling Yen. Well, reporters have to write something.Weakness in JPY came at perfect time, when I was ready for it. Some pips were made yesterday, few more today.
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Toyota in trouble.

More Pound.

The pound looks strong at the moment and AUD looks weak. Nothing left to do but to give it ashot here. So here we go, going long GBP-AUD at 2.3065 with a goal 2.3270. This is a very conservative target as looks like there is a potential for 2.3500. But first things first .
Here is a link to the chart.


http://img148.imageshack.us/img148/3737/gbpaudcs8.jpg

Granicus.

At last.

Here are the outcomes of my earlier trades in EUR-NZD and GBP-NZD. They made 190 and 300 pips respectively. While I waited for these trades to pan out, there were others before. Since I didn't post them, then there is nothing to comment. The wicked moves yesterday certainly made my day.
Here are the links to charts.

http://img147.imageshack.us/img147/8864/eurnzdcloseeditedle9.jpg
http://img147.imageshack.us/img147/9441/gbpnzdcloseeditedye0.jpg

Granicus

Conclusion

Prices slowed down here so I decided to take profits. Exited GBP-SEK at 13.1334 or 413 pips. Not bad.

http://img187.imageshack.us/img187/9971/gbpsekcloseeditedmg9.jpg

Granicus

Let's see...

Both AUD and NZD are locked in a range for now. It's fun to nip at them for a few pips here and there, but sooner or later they are going to break out. Which way, though? I'm giving it a try with GBP-NZD at 2.71 and looking for something like 300 pips or 2.74.

http://img214.imageshack.us/img214/2784/gbpnzdrk1.jpg

Click the link to see the chart.

Granicus.