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

  • #19,941
  • Aug 31, 2007 9:56am Aug 31, 2007 9:56am
Crazy pin-bar hourly GU
Trade what you see, not what you think.
  • #19,942
  • Aug 31, 2007 9:56am Aug 31, 2007 9:56am
Quoting newjersey24
Man,

I'm not putting any trades nor making any recommendation but I do see this DOW and G/Y launching from a pad pretty soon. 250 pips minimum.


how do you see this?
  • #19,943
  • Aug 31, 2007 9:56am Aug 31, 2007 9:56am
Bernanke's previous actions show that he is pretty concerned about the situation. I think he won't let the system crash. The other bullish thing is that Bush is concerned too
go go go
  • #19,944
  • Aug 31, 2007 9:57am Aug 31, 2007 9:57am
bush only has 4 months to go for his final term, do u guys think he's dying for public support? naaaaaaaaaaaaaaaaaaaaaa

he's had an agenda for quite a while, and i think we're up for a finale. this might get bad. markam's theory of end of civilization might not be that far away, we might really see that 5k bill
  • #19,945
  • Aug 31, 2007 9:58am Aug 31, 2007 9:58am
Quoting newjersey24
Man,

Now Benenke made his market move.

Now its Bush turn. I'm not putting any trades nor making any recommendation but I do see this DOW and G/Y launching from a pad pretty soon. 250 pips minimum.

Except bernanke didn't make the market move. It should have dropped, since he basically said no rate cut. Unless bush has some real action, to be implemented immediately, I expect the market to drop. If he comes out saying he plans to talk to congress, the feds and banks to develop solutions, everyone knows nothing will happen. Nobody is going to do anything to bail out bush, especially not congress. The dems are going to hang this crisis around his neck and ride it to the next election.
  • #19,946
  • Aug 31, 2007 9:58am Aug 31, 2007 9:58am
Quoting auslanco
Bro.. i was just going thru your posts.. Couldnt find that post which you explain how you learn't the strategy. Will you be able to dig it up for me please.
Aus, I finally found the only post you could possibly be referring to. It is #18159. Hope that's the one you were talking about.

M2B
  • #19,947
  • Aug 31, 2007 9:59am Aug 31, 2007 9:59am
The thing is.. I don't know how markets will react to Bush's speech. Everyone already knows that he is going to give tax breaks and offer refinancing options to distressed homeowners.. so it might be nothing new.

On the other hand.. bernanke's speech content was unexpected and quite bearish.
  • #19,948
  • Aug 31, 2007 10:00am Aug 31, 2007 10:00am
Quoting lilmoe
bush only has 4 months to go for his final term, do u guys think he's dying for public support? naaaaaaaaaaaaaaaaaaaaaa

he's had an agenda for quite a while, and i think we're up for a finale. this might get bad. markam's theory of end of civilization might not be that far away, we might really see that 5k bill
Whoops! Bush will actually be in office until January of 2009. Elections aren't until November of 2008.

M2B
  • #19,949
  • Aug 31, 2007 10:00am Aug 31, 2007 10:00am
Quoting Trumpcard
how do you see this?
Bush's discussion seems to be heavily on helping out the subprime lenders and borrowers.

With certain plans to help borrowers behind in payments an alternative instead of foreclosure and refinancing options and tax relief on those trying to refinance.

Any good comments will spark this baby.
  • #19,950
  • Aug 31, 2007 10:00am Aug 31, 2007 10:00am
1H QQE crossed downwards
Trade what you see, not what you think.
  • #19,951
  • Aug 31, 2007 10:01am Aug 31, 2007 10:01am
GU hasn't fallen much over past 30 mins whereas UJ has... if GU starts sliding, watch GJ tumble
  • #19,952
  • Aug 31, 2007 10:01am Aug 31, 2007 10:01am
Quoting markam
Except bernanke didn't make the market move. It should have dropped, since he basically said no rate cut. Unless bush has some real action, to be implemented immediately, I expect the market to drop. If he comes out saying he plans to talk to congress, the feds and banks to develop solutions, everyone knows nothing will happen. Nobody is going to do anything to bail out bush, especially not congress. The dems are going to hang this crisis around his neck and ride it to the next election.

u crack me up-- but thats so true
  • #19,953
  • Aug 31, 2007 10:01am Aug 31, 2007 10:01am
Ahh shoot. I have an open long that didn't quite make 235.50 last night.

It's in the red now. Bush is about to open his mouth. It's Friday.

Our devining rods aren't looking very bullish anymore.

Hmm.
  • #19,954
  • Aug 31, 2007 10:01am Aug 31, 2007 10:01am
Bush needs to keep Iraq going, so USA economy is rugged... healthy growth...blah blah...i will instruct my fellow counselors to deal with the problem to least hurt my fellow americans...blah blah...dont blame my administration for this crisis... etc etc

IMO there is very LITTLE that he can say that can be directly bullish, so speculations will drive the market and the fact, that everybody would rather long than short GY `cause of interest rate. But you cant deny fundies over the next three months and more. Fed has Bush on a leash and he wont make a darn thing to hurt the banks.
  • #19,955
  • Aug 31, 2007 10:03am Aug 31, 2007 10:03am
Hi M2B,

As of today, MT4 4 hr momentum performs better than VT's (maybe just because it's more universal timeframe). Hope you catch that move too
Thanks.

Michael
  • #19,956
  • Aug 31, 2007 10:04am Aug 31, 2007 10:04am
Quoting markam
Except bernanke didn't make the market move. It should have dropped, since he basically said no rate cut. Unless bush has some real action, to be implemented immediately, I expect the market to drop. If he comes out saying he plans to talk to congress, the feds and banks to develop solutions, everyone knows nothing will happen. Nobody is going to do anything to bail out bush, especially not congress. The dems are going to hang this crisis around his neck and ride it to the next election.

Markam, you right about that. Dems will love to imprint this crisis on his head as he leaves office.

But if BUsh, comes out strong with a plan and/or demand. I can see it go up.

but then again, this is Bush and he has done diddoolee squat. So u may be right.

Like I said before, not a recomendation, shoot im not even in any trades. just observing. :
  • #19,957
  • Aug 31, 2007 10:04am Aug 31, 2007 10:04am
Quoting my2buoys
Whoops! Bush will actually be in office until January of 2009. Elections aren't until November of 2008.

M2B

  • #19,958
  • Aug 31, 2007 10:05am Aug 31, 2007 10:05am
Quoting Hakuna Matata
se the 15min chart i posted earlier--i mentioned there that 50 ema would be broken

1 hr 50 ema is strong--will need more power then bernie
This is what I was talking about.. supports will be always broken on the second attempt if you have the QQE support, no matter how strong they are thats why you cant rely on trend lines and fibs
  • #19,959
  • Aug 31, 2007 10:07am Aug 31, 2007 10:07am
Quoting Pips_Cruiser
Ahh shoot. I have an open long that didn't quite make 235.50 last night.

It's in the red now. Bush is about to open his mouth. It's Friday.

Our devining rods aren't looking very bullish anymore.

Hmm.
Closed it out. Had four other longs that took profit last night. Might be a good day for practicing that new scalping strategy.

Ron
  • #19,960
  • Aug 31, 2007 10:08am Aug 31, 2007 10:08am
Quoting auslanco
This is what I was talking about.. supports will be always broken on the second attempt if you have the QQE support, no matter how strong they are thats why you cant rely on trend lines and fibs
the fibs told me it will tested again and possible break
Trade what you see, not what you think.
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