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

  • #26,361
  • Sep 13, 2007 5:00pm Sep 13, 2007 5:00pm
Quoting Zoran
Well, if it keeps falling like that, my charts are going to look like this (there's 3000 pips in that down move)

http://www.fxsurfer.com/forums/showt...=2073#post2073

Anyway, why does everyone think this has to do with northern rock?

sounds tasty
  • #26,362
  • Sep 13, 2007 5:03pm Sep 13, 2007 5:03pm
Northern Rock UK's Largest Mortgage Lender Northern Rock asks BOE for emergency financial support - BBC News - The BBC said that Northern Rock was not in danger of going bust.

(UK) BoE has no comment on BBC News report regarding on Northern Rock requesting emergency financial support
  • #26,363
  • Sep 13, 2007 5:04pm Sep 13, 2007 5:04pm
Quoting Zoran
Well, if it keeps falling like that, my charts are going to look like this (there's 3000 pips in that down move)

http://www.fxsurfer.com/forums/showt...=2073#post2073

Anyway, why does everyone think this has to do with northern rock?
Hope my EA will catch all the move, still fine tuning .. am afraid till the move has ended and still fine tuning http://www.forexfactory.com/images/icons/icon10.gif
  • #26,364
  • Sep 13, 2007 5:04pm Sep 13, 2007 5:04pm
Quoting karmostaji
what are you thinking?
Support generally holds except during panic selling. It isn't holding too well now and this is during a quiet period.

I may consider a short if it continues.
  • #26,365
  • Sep 13, 2007 5:07pm Sep 13, 2007 5:07pm
Quoting Zoran
Support generally holds except during panic selling. It isn't holding too well now and this is during a quiet period.

I may consider a short if it continues.
Yes in this case fundamentals are taking over, and technicals given a backseat imo $228 next stop?
  • #26,366
  • Sep 13, 2007 5:08pm Sep 13, 2007 5:08pm
Hmm...no more fall, it seems we may have hit the bottom of this fall
Well, i hope so
COT: The precious data ignored
  • #26,367
  • Sep 13, 2007 5:08pm Sep 13, 2007 5:08pm
Quoting markam
It is likely the asian and european markets are going to ignore the US bull day in the market. If so, I expect we will be back testing 228.5 since it looks like we finally have some volatility back in the market.
Here's the post from markam on $228.50
  • #26,368
  • Sep 13, 2007 5:09pm Sep 13, 2007 5:09pm
Quoting kuroro001
Hmm...no more fall, it seems we may have hit the bottom of this fall
Well, i hope so
Any bounce is to gain more buyers to gain more momentum to bust through next support area during asian and european session imo I believe 231 and lower is on deck.
  • #26,369
  • Sep 13, 2007 5:11pm Sep 13, 2007 5:11pm
Quoting jay9170
Any bounce is to gain more buyers to gain more momentum to bust through next support area during asian and european session imo I believe 231 and lower is on deck.
agreed....so don't long....
  • #26,370
  • Sep 13, 2007 5:12pm Sep 13, 2007 5:12pm
I'll consider a short if it breaks that descending trendline (thick line).
Attached Image (click to enlarge)
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  • #26,371
  • Sep 13, 2007 5:14pm Sep 13, 2007 5:14pm
Quoting Zoran
I'll consider a short if it breaks that descending trendline (thick line).
is that about 231.30-40 area?
  • #26,372
  • Sep 13, 2007 5:14pm Sep 13, 2007 5:14pm
Quoting karmostaji
I feel sorry for the people trying to guess the bottom of this
If u talking about me ...
I'm this days trying to make some thing (calculations from the last wave to give u the bottom of the next day and where it's heading it's working with some other carancis ____
but not ended yet. it's expirmints ((and it doesnt work most of days with gbpjpy ))maybe something I forget to calculate
but I'm traying ... wish luck for me
may be it just >>> tkharif syam ((rmadan karim to u)
If you count on hope in any trade ……. Get out of it
  • #26,373
  • Sep 13, 2007 5:15pm Sep 13, 2007 5:15pm
Quoting MoForce
agreed....so don't long....
Just bought at 231.77. Why do I always do the opposite?
  • #26,374
  • Sep 13, 2007 5:16pm Sep 13, 2007 5:16pm
Quoting PipChick
Just bought at 231.77. Why do I always do the opposite?
Stop slightly below 231.37
  • #26,375
  • Sep 13, 2007 5:17pm Sep 13, 2007 5:17pm
Quoting mandoaddam
If u talking about me ...
I'm this days trying to make some thing (calculations from the last wave to give u the bottom of the next day and where it's heading it's working with some other carancis ____
but not ended yet. it's expirmints ((and it doesnt work most of days with gbpjpy ))maybe something I forget to calculate
but I'm traying ... wish luck for me
may be it just >>> tkharif syam ((rmadan karim to u)
loooooooooooooool no no bro, i'm not talking about anyone in particular.. I was just saying coz people were starting to go long thinking they found the bottom.
Trade what you see, not what you think.
  • #26,376
  • Sep 13, 2007 5:19pm Sep 13, 2007 5:19pm
om my god guys--morning first of all
just b4 goin to sleep--i mentioned i see g/j going to 200sma on 4h and the retrace a bit
i had an order to go 2 lots short at 234.30
ive just woken up and wowowowowoow--ive just closed them at 231.90
im just too excited--sorry had to share this --doesnt bloddy happen all the time
didnt expect so much of a retrace

seems like trend has changed
its closed below 50ema on1hr
bbs---ill go analyse
  • #26,377
  • Sep 13, 2007 5:19pm Sep 13, 2007 5:19pm
Quoting Zoran
I'll consider a short if it breaks that descending trendline (thick line).
UK news is bad. Credit Crisis, SEE BELOW:

UK's Fifth Largest Mortgage Lender Northern Rock asks BOE for emergency financial support: USD firms on the news, unlike last week - Forex markets shifted tactics when the news from the financial markets turned negative at the start of last week. The USD was not a beneficiary from the negative news as it was when the markets first started to shake, suggesting that investors feel a U.S. recession is a legitimate fear.
- The USD is showing some initial strength on the back of the Northern Rock story, unlike last week.
(Repeat from 09/06) UK outlook: BusinessWeek writes about "Britain's Coming Credit Crisis"
- Says the overall economy in Britain is more dependent on financial services than it is in the States.
- Article points out that roughly half of Britain's growth in the last 18 months has come from financial and business services. Together these sectors bring in 30% of Britain's national income, far more than in the U.S.
- UK debt situation worse than the US: British consumers owe $2.7 trillion on credit cards, mortgages, and other consumer loans-or more than the country's entire economic output. Household debt as a percentage of gross disposable income is 166%, compared with 127% in the U.S.
- BusinessWeek says "although subprime debt accounts for about 10% of the market in Britain, compared with 25% in the U.S., the growing popularity of so-called self-cert loans, where buyers don't need to present proof of income, is on the rise."
- Add it all up, and "Britain is likely to suffer more severely than the U.S." if the current market turmoil continues, says Danny Gabay, director of Fathom Financial Consulting.
  • #26,378
  • Sep 13, 2007 5:20pm Sep 13, 2007 5:20pm
Quoting PipChick
Just bought at 231.77. Why do I always do the opposite?
I'm just saying that because with a high volatility right now and no sudden rebound as a lot of people expected we may see another sharp drop so it would be safer to stay out if you're not in it already
  • #26,379
  • Sep 13, 2007 5:20pm Sep 13, 2007 5:20pm
[quote=Hakuna Matata;1591244]all indicators pointing high
200sma on 4h is at 234.45-- that would be the nxt stop
quote]

wowowow==sorry--just excited !
  • #26,380
  • Sep 13, 2007 5:21pm Sep 13, 2007 5:21pm
Quoting PipChick
Stop slightly below 231.37
Once above 232.10 we may go back up to last nights target of 232.75
If it doesnt make it above 232.10 I will take profits and buy again and again until 231.52 breaks to the downside.
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