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

  • #23,001
  • Sep 7, 2007 9:09am Sep 7, 2007 9:09am
Hello everybody,
COULD SOMEBODY explain to me what the correlation between DOW and GJ is? I dont get it. I would understand correlation between GU and DOW, but not GJ and DOW.

Thanks
  • #23,002
  • Sep 7, 2007 9:10am Sep 7, 2007 9:10am
Quoting markam
I will be very disapointed if the dow doesn't close below 13000 today.
I hope you are right. I made a late entry like Karmo. Right now, I feel a little like the lizard the pet cat plays with (Not gonna kill me, and not gonna let me go)... Seems like we've been on this spot for too long... Just nerves, of course. Up a pitance, down a pitance... Not enough to scalp, not enough to load up... Patience..... The market will reveal itself.
  • #23,003
  • Sep 7, 2007 9:11am Sep 7, 2007 9:11am
Quoting Richardj
Back to 233.00 area now
Richard,

Where have you been, Buddy? Is this retrace based upon your 15M chart? Haven't seen hide nor hair of you since GBP/JPY retested 235.50. You were predicting 231.50 before then based on your 15M chart. Let me refresh your memory: Page 1281, Post #19208. I think before you go making any more predictions here a simple 'I was wrong' would be in order.

M2B
  • #23,004
  • Sep 7, 2007 9:11am Sep 7, 2007 9:11am
Quoting winterwhite
231.28 Now
Sorry... I meant that we'll go back up to 233.00 or just below from around here.
  • #23,005
  • Sep 7, 2007 9:12am Sep 7, 2007 9:12am
Quoting FXStudent
Aus are you short yet ?
short from 232.31.. for a overnight position
  • #23,006
  • Sep 7, 2007 9:12am Sep 7, 2007 9:12am
I closed a couple of positions for a retrace so it should dive 100 pips now.
  • #23,007
  • Sep 7, 2007 9:12am Sep 7, 2007 9:12am
Quoting Richardj
Sorry... I meant that we'll go back up to 233.00 or just below from around here.
Trade what you see, not what you think.
  • #23,008
  • Sep 7, 2007 9:13am Sep 7, 2007 9:13am
Quoting auslanco
Hearing Japanese Names Selling Yen Around The 113.90 Level - Dealers

US DOLLAR INDEX HITS FRESH 15 YEAR LOW



WHITE HOUSE ECON. ADVISOR LAZEAR: ADMINISTRATION BELIEVES THERE IS STILL A VERY LOW PROBABILITY OF RECESSION - CNBC
- expects market turmoil to take a few months to play out; housing is definitely the weak point
- trend in job

Auslanco,
Where do you get your news? Just curious.
Thanks,
  • #23,009
  • Sep 7, 2007 9:16am Sep 7, 2007 9:16am
Quoting my2buoys
Richard,

Where have you been, Buddy? Is this retrace based upon your 15M chart? Haven't seen hide nor hair of you since GBP/JPY retested 235.50. You were predicting 231.50 before then based on your 15M chart. Let me refresh your memory: Page 1281, Post #19208. I think before you go making any more predictions here a simple 'I was wrong' would be in order.

M2B
lol chill out dude ... trader only starts making money when they realize no1 can predicts the market movement accurately , u might get lucky ... sometimes ... so let him learn this slowly peace
To Live is the rarest thing in the world , Most people exist , that is all
  • #23,010
  • Sep 7, 2007 9:16am Sep 7, 2007 9:16am
Quoting markam
I closed a couple of positions for a retrace so it should dive 100 pips now.
I did the same. It would be nice to see it retrace up to 23150-70 and then make another attempt further down.

I'll be devastated if it breaks through now.
  • #23,011
  • Sep 7, 2007 9:16am Sep 7, 2007 9:16am
Quoting KudzuFX
Auslanco,
Where do you get your news? Just curious.
Thanks,

tradethenews.com
  • #23,012
  • Sep 7, 2007 9:17am Sep 7, 2007 9:17am
DOW just hit below 13200.. now stay there! lol
  • #23,013
  • Sep 7, 2007 9:19am Sep 7, 2007 9:19am
Quoting VishalJ
DOW just hit below 13200.. now stay there! lol
If this hour it closes below 13210-00, then we can all say 'Byebye DOW' lol
Trade what you see, not what you think.
  • #23,014
  • Sep 7, 2007 9:21am Sep 7, 2007 9:21am
Price is dancing around 100SMA (4H chart)
Trade what you see, not what you think.
  • #23,015
  • Sep 7, 2007 9:22am Sep 7, 2007 9:22am
Here is how they kept the unemployment rate from going up.

Quote
The unemployment rate held at 4.6 percent as almost 600,000 people left the workforce.

Those 600,000 people just don't want to work anymore.
  • #23,016
  • Sep 7, 2007 9:24am Sep 7, 2007 9:24am
Quoting karmostaji
Price is dancing around 100SMA (4H chart)
What is the next stop, any fibs, or pivots ??

any idea, or free Fall ?/
  • #23,017
  • Sep 7, 2007 9:24am Sep 7, 2007 9:24am
I love the clowns Bloomberg wheel on to talk about the sub-prime issue and the drop in the Dow.

The ALL see these issues as a great opportunity to snap up bargains on the stock market. Anyone considering putting their life savings into stocks at this point in time would need their head examined.

Once the traders have finished talking up the shares, the presenters then show the trading charts for different sectors - each one is sloping downwards - contradicting the clown they had talking a moment or two before.
  • #23,018
  • Sep 7, 2007 9:28am Sep 7, 2007 9:28am
Quoting karmostaji
Price is dancing around 100SMA (4H chart)
FYI:

Looks like CABLE is retracing to 1HR 202.54. Might become new support level (old 1 HR highs)
  • #23,019
  • Sep 7, 2007 9:29am Sep 7, 2007 9:29am
Quoting Piters
What is the next stop, any fibs, or pivots ??

any idea, or free Fall ?/
fibs

230.50
229.30
228.80
227.40
226.80
225.80

I'll update the rest later LOL
Trade what you see, not what you think.
  • #23,020
  • Sep 7, 2007 9:29am Sep 7, 2007 9:29am
Quoting SailingAway
FYI:

Looks like CABLE is retracing to 1HR 202.54. Might become new support level (old 1 HR highs)
yup, hopefully it'll bounce back up from here
Trade what you see, not what you think.
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