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

  • #21,101
  • Sep 4, 2007 9:21am Sep 4, 2007 9:21am
Quoting mktjong
Hi Zoran,

According your buttefly pattern, how high the price prediction would go?
Thanks.
Sorry, I can't see any butterflies at the moment (well, I'm not looking for any either). That is just one of many harmonic patterns.
  • #21,102
  • Sep 4, 2007 9:21am Sep 4, 2007 9:21am
Quoting dimmi
Domestic vehicle sales is -0.4% .. forecast was 0.0%
That was construction spending, not vehicle sales.

M2B
  • #21,103
  • Sep 4, 2007 9:22am Sep 4, 2007 9:22am
Quoting dimmi
Domestic vehicle sales is -0.4% .. forecast was 0.0%
Uh.. that's construction spending.. not domestic auto sales.
  • #21,104
  • Sep 4, 2007 9:23am Sep 4, 2007 9:23am
Quoting VishalJ
Uh.. that's construction spending.. not domestic auto sales.


Just goes to show I need sleep :S
  • #21,105
  • Sep 4, 2007 9:24am Sep 4, 2007 9:24am
Quoting brok
will anyone take the scalp trade if price gets to sma 5 on M15 with this huge SL? just wondering...
It's possible that by the time it triggers we will be into the next candle or two at which point the Gann Line will have come up significantly because of the thrusting up of price.

M2B
  • #21,106
  • Sep 4, 2007 9:26am Sep 4, 2007 9:26am
Quoting markam
GJ is moving much more than it has over the last couple of months against the dow. Something has changed because it should not have gone up this much.

The market is acting very strange right now.
I almost HATE to talk all doom and gloom BUT, I think you are right.
It would not be a surprise to give the public (us) one figure (a lie) and the big boys (banks and such) the true figure. Ahhh yes American politics..

I am out of this until it makes up it's mind.
  • #21,107
  • Sep 4, 2007 9:31am Sep 4, 2007 9:31am
I will be going short when 30 min cross down.. This may retrace to daily 5 SMA before coming down .

News that moved the pair higher
YEN OFF ITS BEST LEVEL, DEALER CITING PROFIT TAKING AND CONCERNS THAT 3.4 TONS OF WATER THAT LEAKED NEAR THE FILTER OF A PUMP IN THE AUXILIARY BUILDING FOR THE NO. 1 REACTOR OF ITS OI NUCLEAR POWER PLANT IN FUKUI PREFECTURE
- Note: With the leak, the radiation monitor at the building's exhaust stack registered a slightly higher figure than usual, but no effects have been observed on the outside environment, said the power utility serving western Japan.
  • #21,108
  • Sep 4, 2007 9:35am Sep 4, 2007 9:35am
Quoting auslanco
I will be going short when 30 min cross down.. This may retrace to daily 5 SMA before coming down .
QQE cross down?

Just making sure, I don't need another week like last week.
  • #21,109
  • Sep 4, 2007 9:38am Sep 4, 2007 9:38am
I thought I was starting to understand your strategy... For the moment only bearish TF is H4 according to my charts. So why short? It does't sound ok to me to go short as soon as M30 crosses down. And if H4 crosses up then it will be the time to go long
  • #21,110
  • Sep 4, 2007 9:40am Sep 4, 2007 9:40am
What's wrong with this pair ? Every news coming out is bad and the DOW keeps pushing up , so does GJ
COT: The precious data ignored
  • #21,111
  • Sep 4, 2007 9:42am Sep 4, 2007 9:42am
Quoting kuroro001
What's wrong with this pair ? Every news coming out is bad and the DOW keeps pushing up , so does GJ
It's UJ.. it's going up too. GU is flat.. don't know what the hell is going on
  • #21,112
  • Sep 4, 2007 9:44am Sep 4, 2007 9:44am
Quoting kevinsw
QQE cross down?

Just making sure, I don't need another week like last week.

yess.. 30 min QQE cross down
  • #21,113
  • Sep 4, 2007 9:44am Sep 4, 2007 9:44am
ive cut my huge losses and decided to stay out

im 130pips in loss..sad sad
  • #21,114
  • Sep 4, 2007 9:45am Sep 4, 2007 9:45am
Quoting Trumpcard
cool, any idea when car sales will be released?
Quote
Most vehicle manufacturers usually always report sales results on the first business day of the month; Ford does not report until the third business day. As these individual results trickle out over the news wires throughout the day, diligent economists and market analysts are busy calculating running totals and applying seasonal factors to them--the BEA supplies factors for the coming six months in advance--in order to come up with approximations for auto and truck sales rates. These figures are some of the first hard spending data for any given month; comparing these derived rates to those from months and years prior is a big help when it comes to formulating a consumption forecast for the month.

Auto sales are released by the manufacturers. They don't have the big market impact that they should, because the numbers aren't released all at once, and because it takes time to calculate the total sales rates. However, if poor numbers are released by GM and Chrysler, it will probably immediately hit the stock market hard.
  • #21,115
  • Sep 4, 2007 9:47am Sep 4, 2007 9:47am
Here is a chart I posted yesterday (shorter term - should occur within a few days). Market is going according to plan. I do expect a retrace of sorts now at 234.00 but I expect this to go to 238 (today or tomorrow) and then we will see markam jump up with joy when he sees this mother fall big time.
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  • #21,116
  • Sep 4, 2007 9:48am Sep 4, 2007 9:48am
Quoting brok
I thought I was starting to understand your strategy... For the moment only bearish TF is H4 according to my charts. So why short? It does't sound ok to me to go short as soon as M30 crosses down. And if H4 crosses up then it will be the time to go long
4 hr is bearish.. 4hr QQE will cross bullish around 334.50 area. If 4 hr still bearish at the point when 30 min cross down, I will go short.
  • #21,117
  • Sep 4, 2007 9:49am Sep 4, 2007 9:49am
Quoting mktjong
Excuse me ..for me your language is a bit colorful. Sounds to me like you are a commercial trader "alwasy buy high and sell low". I definitely can't afford that strategy.

If you don't mind to clarify it further. Thanks.
BUYING LOW AND SELLING HIGH IS FOR STOCK TRADERS WE TRADE FOREX. THEREFORE WE CAN EASILY TRADE BOTH DIRECTIONS AT ANY TIME. SO IN A TREND OF ANY KIND I TAKE TRADES THAT ARE WEAKENING TO THE TREND AND THEN EXIT INTO STRENGTH NEW LOWS OR HIGHS. AND YOU DO THIS TILL IT DOES NOT WORK AND THAT SHOULD BE A REVERSAL.
{Spam Removed}
  • #21,118
  • Sep 4, 2007 9:49am Sep 4, 2007 9:49am
The current 4HR candle is nicely sandwiched
(wedged) between two trend lines.

Anybody's guess..........
  • #21,119
  • Sep 4, 2007 9:51am Sep 4, 2007 9:51am
GM

Quote
The Sales and Production news release, the sales results, and the updated production schedule will be posted on this website http://investor.gm.com in the Sales and Production section at approximately 1:45 p.m. ET on September 4, 2007.

Chrysler

Quote
The New Chrysler Conference Call to Announce August 2007 Sales Auburn Hills, Mich., Aug 30, 2007 - What: Telephone conference call to discuss The New Chrysler’s August sales Who: Darryl Jackson, Vice President – U.S. Sales, Chrysler
Michael Keegan, Vice President – Volume Planning and Sales Operations, Chrysler When: Tuesday, Sept. 4, 2007 - 3:30 p.m. to 4:00 p.m. EDT
  • #21,120
  • Sep 4, 2007 9:52am Sep 4, 2007 9:52am
it's just the daily reatracemnt .. pair should move down gradually, since 4hr crossed down and confirmed
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