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

  • #16,901
  • Aug 28, 2007 10:09am Aug 28, 2007 10:09am
All time frames from 4H down are showing bearish momentum. I'd like to see a big push down within this next hour before the 4H candle closes and we see a potential 4H retrace.

M2B
  • #16,902
  • Aug 28, 2007 10:09am Aug 28, 2007 10:09am
Quoting jay9170
We got the cross on the 1hr and now it is just starting to cross the 50 on the 4hr
waiting for that silly 5min ..
  • #16,903
  • Aug 28, 2007 10:09am Aug 28, 2007 10:09am
Quoting markam
http://farm2.static.flickr.com/1252/...12eb8f51_o.gif
Nice cartoon. I've been watching Bloomberg since the US markets opened, and they've had a few pieces on the sub-prime stuff. Unless I missed it, I don't think one person has mentioned the Americans who will lose their homes and be turfed on to the street.
  • #16,904
  • Aug 28, 2007 10:11am Aug 28, 2007 10:11am
Down!
Attached Image (click to enlarge)
Click to Enlarge Name: Smash.jpg Size: 16 KB
  • #16,905
  • Aug 28, 2007 10:11am Aug 28, 2007 10:11am
Quoting AndyPass
Nice cartoon. I've been watching Bloomberg since the US markets opened, and they've had a few pieces on the sub-prime stuff. Unless I missed it, I don't think one person has mentioned the Americans who will lose their homes and be turfed on to the street.


At least they have their precious Freedom.
  • #16,906
  • Aug 28, 2007 10:12am Aug 28, 2007 10:12am
No worries , EJ and UJ broke their support , GJ will follow
COT: The precious data ignored
  • #16,907
  • Aug 28, 2007 10:12am Aug 28, 2007 10:12am
Dow fell under 13200
  • #16,908
  • Aug 28, 2007 10:13am Aug 28, 2007 10:13am
will this retrace now?

has Karmo joined the bear party?
  • #16,909
  • Aug 28, 2007 10:13am Aug 28, 2007 10:13am
yes.. I noticed that GJ is following EJ and GU all the day....
  • #16,910
  • Aug 28, 2007 10:13am Aug 28, 2007 10:13am
Quoting auslanco
waiting for that silly 5min ..
Here it comes...
  • #16,911
  • Aug 28, 2007 10:13am Aug 28, 2007 10:13am
dow is at 13200. I doubt it will break it right now.
  • #16,912
  • Aug 28, 2007 10:14am Aug 28, 2007 10:14am
Quoting my2buoys
All time frames from 4H down are showing bearish momentum. I'd like to see a big push down within this next hour before the 4H candle closes and we see a potential 4H retrace.

M2B
Ask and ye shall receive!

M2B
  • #16,913
  • Aug 28, 2007 10:15am Aug 28, 2007 10:15am
Quoting Pips_Cruiser
Down!
PC,

Keep banging!

M2B
  • #16,914
  • Aug 28, 2007 10:15am Aug 28, 2007 10:15am
Quoting markam
dow is at 13200. I doubt it will break it right now.

There is a high probability it will though , European markets are going deeper and deeper
COT: The precious data ignored
  • #16,915
  • Aug 28, 2007 10:17am Aug 28, 2007 10:17am
Quoting kuroro001
There is a high probability it will though , European markets are going deeper and deeper
It will. I just don't think it will be until this afternoon.
  • #16,916
  • Aug 28, 2007 10:18am Aug 28, 2007 10:18am
Quoting AndyPass
Nice cartoon. I've been watching Bloomberg since the US markets opened, and they've had a few pieces on the sub-prime stuff. Unless I missed it, I don't think one person has mentioned the Americans who will lose their homes and be turfed on to the street.
Probably won't either...after all then it might be revield that these people were almost forced into taking an adjustable rate mortgage. I went to 3 finance companies until I found one that actually ASKed me what kind of mortgage I wanted fixed or adjustable rate. It is a shame.
  • #16,917
  • Aug 28, 2007 10:18am Aug 28, 2007 10:18am
Quoting my2buoys
PC,

Keep banging!

M2B
My house has been for sale for 2 months now, so I really should be hoping for a recovery. LOL

http://www.forexfactory.com/images/icons/icon7.gif
  • #16,918
  • Aug 28, 2007 10:21am Aug 28, 2007 10:21am
U.S. Stocks Decline as Merrill Downgrades Brokerages, Banks on Credit Rout
Consumer Confidence in U.S. Falls the Most in Two Years on Stocks, Housing
Home Prices in U.S. Dropped by Record in Second Quarter, Shiller Data Show

0.5% rate cut anyone?
  • #16,919
  • Aug 28, 2007 10:21am Aug 28, 2007 10:21am
We have a cross on all timeframes. Even the 4hr crossed the 50 line.
  • #16,920
  • Aug 28, 2007 10:22am Aug 28, 2007 10:22am
looks like 229 is on deck today as aus said earlier Then were off to 226.90 target by end of week, very nice.
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