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

  • #21,221
  • Sep 4, 2007 1:00pm Sep 4, 2007 1:00pm
Quoting markam
gm put out an amazing upbeat sales report. I kindly pulled the important facts from it.
but of course the market will ignore those parts and go up.
GBP/JPY almost at a standstill for the past 45 minutes with no
clear direction despite the auto data.
  • #21,222
  • Sep 4, 2007 1:00pm Sep 4, 2007 1:00pm
Quote
Chrysler LLC reported U.S. sales for August 2007 of 168,203 units; down 6 percent compared to August 2006 with 179,165 units sold. All sales figures are reported as unadjusted.

Chrysler
  • #21,223
  • Sep 4, 2007 1:11pm Sep 4, 2007 1:11pm
1hr 5sma retrace just happened.
  • #21,224
  • Sep 4, 2007 1:16pm Sep 4, 2007 1:16pm
Quote
Toyota US sales fall 2.8 pct to 233,471 vehicles in August

Toyota and gm were the surprises. toyota was supposed to go up and gm was supposed to go down. Overall, the auto numbers are not terrible for August (just poor). This might actually result in a drop in the US stock market, because it give more ammunition to the feds not to drop rates.

My personal opinion is that the dow is going to push towards 13500 this afternoon, simply because the stock market is insane.
  • #21,225
  • Sep 4, 2007 1:23pm Sep 4, 2007 1:23pm
Those bulls are slapping the bears around a bit. Lots of resistance here but I have faith. The bulls should get through.
  • #21,226
  • Sep 4, 2007 1:33pm Sep 4, 2007 1:33pm
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Momentum 5min below, 15min below, 30min down, 1hr down, 4h down..
I shorted at current price with SL 234.20 and TP 200 pips..

May be I need pateince..cant wait...
All things are difficult before they are easy.
  • #21,227
  • Sep 4, 2007 1:40pm Sep 4, 2007 1:40pm
Nice, now it's stuck lol. I think the pair heard too many contrasting opinions and doesn't know where to go!
  • #21,228
  • Sep 4, 2007 1:40pm Sep 4, 2007 1:40pm
Quoting vrama
Momentum 5min below, 15min below, 30min down, 1hr down, 4h down..
I shorted at current price with SL 234.20 and TP 200 pips..

May be I need pateince..cant wait...
can aus cofirm
  • #21,229
  • Sep 4, 2007 1:41pm Sep 4, 2007 1:41pm
Quoting vrama
Momentum 5min below, 15min below, 30min down, 1hr down, 4h down..
I shorted at current price with SL 234.20 and TP 200 pips..

May be I need pateince..cant wait...
I'd say we are due for a retrace (back to around 233.00) but I don't think it will go down 200 pips. If it did, we would probably go into freefall (as it falls below the lower channel line).
  • #21,230
  • Sep 4, 2007 1:43pm Sep 4, 2007 1:43pm
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Quoting Zoran
I'd say we are due for a retrace (back to around 233.00) but I don't think it will go down 200 pips. If it did, we would probably go into freefall (as it falls below the lower channel line).
Thanks for explanation, I will adjust the TP after locking some PIPs.
All things are difficult before they are easy.
  • #21,231
  • Sep 4, 2007 1:46pm Sep 4, 2007 1:46pm
Quoting VishalJ
Nice, now it's stuck lol. I think the pair heard too many contrasting opinions and doesn't know where to go!
I expect up. Looks like I was right and the dow is going to push for 13500.
  • #21,232
  • Sep 4, 2007 1:47pm Sep 4, 2007 1:47pm
Quoting vrama
Momentum 5min below, 15min below, 30min down, 1hr down, 4h down..
I shorted at current price with SL 234.20 and TP 200 pips..

May be I need pateince..cant wait...
30 min not down
  • #21,233
  • Sep 4, 2007 1:50pm Sep 4, 2007 1:50pm
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Quoting khaled22
30 min not down
Ooops my bad.. but it is pointing down.. looks strong down mom...
All things are difficult before they are easy.
  • #21,234
  • Sep 4, 2007 1:56pm Sep 4, 2007 1:56pm
dow is about to break 13450. if it does, I expect 13500 is in the bag, and gj will be near 235 in the next hour.
  • #21,235
  • Sep 4, 2007 1:56pm Sep 4, 2007 1:56pm
Quoting markam
I expect up. Looks like I was right and the dow is going to push for 13500.
DOW is back to the 61.8% level.
  • #21,236
  • Sep 4, 2007 2:00pm Sep 4, 2007 2:00pm
Quoting vrama
Ooops my bad.. but it is pointing down.. looks strong down mom...
its very up
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-jpy.gif Size: 23 KB
  • #21,237
  • Sep 4, 2007 2:00pm Sep 4, 2007 2:00pm
Quoting vrama
Momentum 5min below, 15min below, 30min down, 1hr down, 4h down..
I shorted at current price with SL 234.20 and TP 200 pips..

May be I need pateince..cant wait...

It would only go UP, I bet on that. Looking to reload long which I closed mine earlier at quite nice high http://www.forexfactory.com/images/icons/icon10.gif
But hope yours turns out to be ok either.
  • #21,238
  • Sep 4, 2007 2:07pm Sep 4, 2007 2:07pm
234.20 is not gonna get broken easily. This pair spent the whole day yesterday trying to break it. This pair is in a major range bound.
  • #21,239
  • Sep 4, 2007 2:08pm Sep 4, 2007 2:08pm
dow broke 13450
  • #21,240
  • Sep 4, 2007 2:10pm Sep 4, 2007 2:10pm
Quoting Pipsqueak
234.20 is not gonna get broken easily. This pair spent the whole day yesterday trying to break it. This pair is in a major range bound.
I would see, if not taken out in US session, it would be taken out in Asian session. Very likely. But please don't take my word easily, look at the data.
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