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

  • #15,181
  • Aug 24, 2007 8:47am Aug 24, 2007 8:47am
yes... wild... and also friday... bad for trading...
but I'm still long biased...
but certainly it is ranging a lot.... risky... better to entry on monday
  • #15,182
  • Aug 24, 2007 8:47am Aug 24, 2007 8:47am
QQE
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  • #15,183
  • Aug 24, 2007 8:48am Aug 24, 2007 8:48am
Quoting rodders
the charts are looking more and more prepared for bad news.
I think new home sales are going to be better then expected.

i'm long at 232.10
Indicators show the past. Price Action "Indicates" the future.
  • #15,184
  • Aug 24, 2007 8:50am Aug 24, 2007 8:50am
Quoting jarroo
I think new home sales are going to be better then expected.

i'm long at 232.10

i wish the new home sales should be better... I heard my guy Snoop Dog just bought another house in Beverly Hills.
give me my pips back...
  • #15,185
  • Aug 24, 2007 8:52am Aug 24, 2007 8:52am
I don't know if I've been staring at the monitor for to long but the charts are looking more and more like sharks teeth ready to eat my profits.
  • #15,186
  • Aug 24, 2007 8:52am Aug 24, 2007 8:52am
I would not expect new home sales to be good at all. Plus the existing home sales is a much better indicator since that is the majority of the market. But we'll see here in less than 10 minutes.
  • #15,187
  • Aug 24, 2007 8:54am Aug 24, 2007 8:54am
Quoting markam
A really good new home sales report could do it.
You are absolutley correct but I am in anticipation of bad housing news (good news for me).
Humble Lifetime Member
  • #15,188
  • Aug 24, 2007 8:54am Aug 24, 2007 8:54am
Quoting jarroo
I think new home sales are going to be better then expected.

i'm long at 232.10
Well I must take a page out of Mr. Doom and Gloom's book now.

I Don't believe the numbers they already have spit out so another ummm false number would not surprize me in the least.

And we know that the dow will likely follow this next report..
  • #15,189
  • Aug 24, 2007 8:55am Aug 24, 2007 8:55am
Quoting quickpips
I would not expect new home sales to be good at all. Plus the existing home sales is a much better indicator since that is the majority of the market. But we'll see here in less than 10 minutes.

I think the market has been looking for a number to use to set a direction all week. We could see a big reaction to this report.
  • #15,190
  • Aug 24, 2007 8:58am Aug 24, 2007 8:58am
Quoting kevinsw
Well I must take a page out of Mr. Doom and Gloom's book now.

I Don't believe the numbers they already have spit out so another ummm false number would not surprize me in the least.

And we know that the dow will likely follow this next report..

This is a tough one to fake. employment, cpi are easy to manipulate.
  • #15,191
  • Aug 24, 2007 8:58am Aug 24, 2007 8:58am
Quoting markam
I think the market has been looking for a number to use to set a direction all week. We could see a big reaction to this report.
I agree with you. Since it has been a slow news week the market wants to see if there is any light at the end of the housing market mess.
  • #15,192
  • Aug 24, 2007 9:02am Aug 24, 2007 9:02am
870??????????

Say Whaaaaaaaaaaat?
give me my pips back...
  • #15,193
  • Aug 24, 2007 9:02am Aug 24, 2007 9:02am
Bull man just drank RED BULL
Trade what you see, not what you think.
  • #15,194
  • Aug 24, 2007 9:02am Aug 24, 2007 9:02am
SWEEEET!!! Haha.. as expected.. a little 'tweak' new home sales came out better than expected - watch GJ flyyyyy
  • #15,195
  • Aug 24, 2007 9:03am Aug 24, 2007 9:03am
Quoting quickpips
I would not expect new home sales to be good at all. Plus the existing home sales is a much better indicator since that is the majority of the market. But we'll see here in less than 10 minutes.
Not a bad number, quickpips, all things considered.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #15,196
  • Aug 24, 2007 9:03am Aug 24, 2007 9:03am
Dow, new target 13340
give me my pips back...
  • #15,197
  • Aug 24, 2007 9:04am Aug 24, 2007 9:04am
Quoting karmostaji
Bull man just drank RED BULL
Karmo knows the numbers
Indicators show the past. Price Action "Indicates" the future.
  • #15,198
  • Aug 24, 2007 9:04am Aug 24, 2007 9:04am
Quoting jarroo
Not a bad number, quickpips, all things considered.

Jim
I am surprised at that number, but the dollar is not finding any takers.
  • #15,199
  • Aug 24, 2007 9:05am Aug 24, 2007 9:05am
ah come on the pair does not want to go any higher??? come on baby.. i expect a 300-400 pip candle.

UPside ofcourse.
give me my pips back...
  • #15,200
  • Aug 24, 2007 9:05am Aug 24, 2007 9:05am
Man these numbers just smell 'fake' for some reason lol.. I wonder if the markets think that as well!
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