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

  • #21,161
  • Sep 4, 2007 10:56am Sep 4, 2007 10:56am
new 4H QQE and MOM should be interesting, 4 mins to go
Trade what you see, not what you think.
  • #21,162
  • Sep 4, 2007 10:58am Sep 4, 2007 10:58am
Quoting Geldmeister
For me today is a timid reminder that in FX anything can happen at anytime and nobody knows! I am still struggling with this elementary truth and when analysis looks compelling I get deluded thinking this or that will happen.
Actually there is an explanation - but it's a bit late.. the ism forecast was 53.. and it came out at 52.9.. which is not bad at all. For some reason I looked at last month's ISM report as the forecast number for this month. That happens when you don't get enough sleep!

Markets were basically relieved that the numbers didn't come out low enough considering all that's going on right now. I was a little surprised as usually my fundamental trading never fails me. Turns out I read the damn numbers wrong.

Thank god for scalping though lol.. made up all my losses. The market environment is still bearish though. I'm still with markam :
  • #21,163
  • Sep 4, 2007 10:59am Sep 4, 2007 10:59am
Quoting howard
is it 15 scalp or 5 and 1 scalp?
5/1min
  • #21,164
  • Sep 4, 2007 11:00am Sep 4, 2007 11:00am
Quoting greenchris
For Markam

<MENU> to return to headlines. CurncyT N I

U.K. Pound Falls; Risk Taking May Drop as Credit Losses Spread Page 1/4
By Anchalee Worrachate
Sept. 4 (Bloomberg) -- The pound declined against the
dollar and the yen, snapping two days of gains, as concern that
losses related to U.S. subprime mortgages will spread prompted
investors to reduce holdings of higher-yielding assets.
The currency, which fell the most against the yen in three
years last month, extended declines today as investors sold
asset-back commercial paper and corporate debt. The difference
between the three-month sterling rate and the Bank of England's
base rate increased to the most in at least 20 years, signaling
a reluctance among banks to lend to each other.
``I'd leave sterling well alone at the moment,'' said Simon
Derrick, London-based chief currency strategist at Bank of New
York Mellon Corp. ``It's a hostage to investment sentiment and
we continue to have bad news from the credit market.''
The pound fell to $2.0076, the lowest since Aug. 30, and
was trading at $2.0102 as of 3.42 p.m. in London, from $2.0183
yesterday. It also traded at 233.91 yen, from 234.07 yen.
Against the euro, it was little changed at 67.49 pence. Derrick
predicts the pound may drop as low as 220 yen in a month.


220!!! lol.. den i shall hold my short n dun set stoploss...
  • #21,165
  • Sep 4, 2007 11:00am Sep 4, 2007 11:00am
Quoting karmostaji
UJ has failed twice to break above 38.2% fibo line, don't expect any upward movement in UJ & GJ unless that is broken
Karmo

Can you please give me the price for the 38.2% Fib...and which chart 1HR?

Thanks. sw
The Will is Greater than the Skill
  • #21,166
  • Sep 4, 2007 11:00am Sep 4, 2007 11:00am
Quoting mktjong
So sad if this prediction comes true and Markam is still short http://www.forexfactory.com/images/icons/icon10.gif
Sorry bro .. just kiddin.. cheer up ..
Whichever way it breaks, I'm in. I have a reversible bear/bull suit that is very useful!
  • #21,167
  • Sep 4, 2007 11:02am Sep 4, 2007 11:02am
The 1hr charts show some support at the 50 ema around 233.41.
  • #21,168
  • Sep 4, 2007 11:07am Sep 4, 2007 11:07am
no trade call , no any signal...
only cross up cross down 1h 4h 30 min ??????????????????????????????????????????????????????????????????????????????????????????
  • #21,169
  • Sep 4, 2007 11:08am Sep 4, 2007 11:08am
Ford Car sales down 34% in august
  • #21,170
  • Sep 4, 2007 11:08am Sep 4, 2007 11:08am
Quoting mktjong
So sad if this prediction comes true and Markam is still short http://www.forexfactory.com/images/icons/icon10.gif
Sorry bro .. just kiddin.. cheer up ..
Don't worry. I do close or hedge my shorts if the damn market doesn't have enough sense to go down.

As for the remainder of the day, I think the auto numbers are going to be very important. If gm's numbers are bad when they are announced in 1.5 hours, you should plan on going short in a big way.
  • #21,171
  • Sep 4, 2007 11:09am Sep 4, 2007 11:09am
Quoting VishalJ
Ford Car sales down 34% in august
where did you hear that?
  • #21,172
  • Sep 4, 2007 11:09am Sep 4, 2007 11:09am
Quoting my2buoys
Sorry, Qman, but the fat cat bankers DO NOT need an apologist. They are in business for one reason; TO MAKE AS MUCH STINKING MONEY AS POSSIBLE! It doesn't matter to them whose money they are taking at any given time. Please don't even show any inkling of feeling sorry for the 'poor widdle bankie poos' because they can't decide which way to go. It there is indecision on their part it's not because they are afraid of hurting someone else, it's because they're not sure which way is the best way to go to make money at the moment. No offense intended. Just stating the facts as they are.

M2B
M2B, No offense taken... But you have my position all wrong... I don't apologize for them, nor do I sympathize. I actually admire them. I aspire to make a killing the way they do. I'm only saying, if we think they are stupid...? ... look who makes the most money. They are the smart ones. We can learn something from that.

But you can't make rules out of what they do because you don't always know WHY they are doing it... Except that somehow it is going to make them money. You can't always make money the same way they do though. So there are differences. I don't make money from VISA and MasterCard, but they do... But they'll sometimes buy and sell forex at a bad time to meet those obligations. Not cause they're gonna make money in forex though... they'll make it in the interest I paid when I used my credit card on a trip to Japan. Those are the facts as I see'em.

We can all get upset when they take our money. I wish I didn't give them any. But risking it is MY choice. They'll come take it any time it makes sense to them. In the end, resistance if futile. Aus's systems are helping us walk in their footsteps, and avoid their crosshairs as much as possible. When I forget that, I pay the price. Just my opinion though... everybody's got one.
  • #21,173
  • Sep 4, 2007 11:10am Sep 4, 2007 11:10am
Quoting markam
where did you hear that?
It's on cnbc.com. I don't see it on my dow news wire or anywhere else.. how the heck they got it.. no clue
  • #21,174
  • Sep 4, 2007 11:11am Sep 4, 2007 11:11am
Quoting VishalJ
It's on cnbc.com. I don't see it on my dow news wire or anywhere else.. how the heck they got it.. no clue

WOW!!!!
  • #21,175
  • Sep 4, 2007 11:12am Sep 4, 2007 11:12am
Attached Image (click to enlarge)
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  • #21,176
  • Sep 4, 2007 11:12am Sep 4, 2007 11:12am
Quoting markam
WOW!!!!
Yeah.. I don't know why the markets haven't been affected by it yet. Maybe they don't look at cnbc either
  • #21,177
  • Sep 4, 2007 11:15am Sep 4, 2007 11:15am
considering that julys auto sales were considered to be the worst in 9 years, a really bad august will be the kiss of death.

If housing and autos are both killed, the US economy is toast.
  • #21,178
  • Sep 4, 2007 11:16am Sep 4, 2007 11:16am
Quoting markam
WOW!!!!
I think Markam went to change his pants after that:
  • #21,179
  • Sep 4, 2007 11:17am Sep 4, 2007 11:17am
now cnbc says 14%. Still terrible if GM and chrysler are about the same.
  • #21,180
  • Sep 4, 2007 11:17am Sep 4, 2007 11:17am
Quoting VishalJ
Attachment

Ford sales drop
12:07pm: U.S. August sales decline of 14% not as bad as one forecast, but could put it behind Toyota for No. 2 sales ranking (more)
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