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

  • #26,381
  • Sep 13, 2007 5:23pm Sep 13, 2007 5:23pm
Quoting khmr
is that about 231.30-40 area?
That's where it is sitting at the moment, yes.

Anyway, I've just been told that this activity is normal during options expiry (happens every 4 months). I have my doubts it has anything to do with Northern Rock.
  • #26,382
  • Sep 13, 2007 5:25pm Sep 13, 2007 5:25pm
Quoting MoForce
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
Safety stop at 231.37 MoForce. But I think we are going back to 232.75 once 232.10 is broke. Look at the 4 hr chart. Remember last night when I said we will most likely be able to play the same thing we played last week? Thatopportunity has arisen. 232.10 is a major level and if we cant penetrate that I will take my profits soon.
  • #26,383
  • Sep 13, 2007 5:25pm Sep 13, 2007 5:25pm
Could be profit taking after the positive roll.
  • #26,384
  • Sep 13, 2007 5:26pm Sep 13, 2007 5:26pm
Bye Uys Tc.
  • #26,385
  • Sep 13, 2007 5:27pm Sep 13, 2007 5:27pm
Quoting Mysticdiver
Could be profit taking after the positive roll.
Its all about the pattern on the chart.
  • #26,386
  • Sep 13, 2007 5:29pm Sep 13, 2007 5:29pm
Well I'm placing my resistance level at 232.30...once that is broken I might go long from there
  • #26,387
  • Sep 13, 2007 5:29pm Sep 13, 2007 5:29pm
Quoting PipChick
Its all about the pattern on the chart.
Book a little profit if you are long and move stop up cause 232.33 is a hard level.
  • #26,388
  • Sep 13, 2007 5:30pm Sep 13, 2007 5:30pm
Quoting Zoran
I have my doubts it has anything to do with Northern Rock.

I'm thinking that myself. Is it normal for bad news to come out about a large mortgage lender at 11:00PM London time?
  • #26,389
  • Sep 13, 2007 5:31pm Sep 13, 2007 5:31pm
EJ and GJ bounces nicely off the Kumo cloud on the 30mn chart.
COT: The precious data ignored
  • #26,390
  • Sep 13, 2007 5:31pm Sep 13, 2007 5:31pm
yep...which is why i'm avoiding going long for now
  • #26,391
  • Sep 13, 2007 5:32pm Sep 13, 2007 5:32pm
Quoting imbiber
I'm thinking that myself. Is it normal for bad news to come out about a large mortgage lender at 11:00PM London time?
I was thinking about this too, and it is kind of weird..
Trade what you see, not what you think.
  • #26,392
  • Sep 13, 2007 5:32pm Sep 13, 2007 5:32pm
More news:


U.K. housing market: UK banking stocks closed down sharply on Thurdsday after RICS housing survey which showed house prices fell in August for the first time since October 2005, a very downbeat report early on in the credit crunch *(UK) AUG RICS HOUSE PRICE BALANCE: -1.8% V 10.0%E (Prior revised to 10.8% from 12.6%); First time the index is down since October 2005
- New buyers inquiries drop at the fastest rate since August 2004
U.K. housing market - House price growth fell in August for the first time since October 2005: RICS comments on their survey
- "Potential house buyers have become far more cautious as they wait and see what effect interest rate rises will have on household finances. Affordability is at its most stretched in over a decade and many will worry that rising mortgage repayments will prove a step too far."
- "The market will soften further going into the autumn, reducing some impetus from those that have been chasing a rapidly moving target."
- Note: The RICS survey is weaker than other August house price indexes from U.K. lenders Nationwide and Halifax, although both did report a slowdown in the annual rate of price inflation.
- RICS is the Royal Institution of Chartered Surveyors
  • #26,393
  • Sep 13, 2007 5:32pm Sep 13, 2007 5:32pm
Quoting MoForce
Well I'm placing my resistance level at 232.30...once that is broken I might go long from there
agreed, looks like a tough resistance
Trade what you see, not what you think.
  • #26,394
  • Sep 13, 2007 5:33pm Sep 13, 2007 5:33pm
Quoting MoForce
yep...which is why i'm avoiding going long for now
I got in at 231.77 but yes if you arent in yet, better wait till an open above 232.42 on the 5 min candle.
  • #26,395
  • Sep 13, 2007 5:33pm Sep 13, 2007 5:33pm
Quoting kuroro001
EJ and GJ bounces nicely off the Kumo cloud on the 30mn chart.
Same for the one hour on the gbp/jpy.
  • #26,396
  • Sep 13, 2007 5:37pm Sep 13, 2007 5:37pm
Quoting PipChick
I got in at 231.77 but yes if you arent in yet, better wait till an open above 232.42 on the 5 min candle.
If you are already in and in profits quite a bit, an open above 42 might be a good place to add depending on what the candle looks like.
  • #26,397
  • Sep 13, 2007 5:38pm Sep 13, 2007 5:38pm
30m retrace completed, btw i'm short
Trade what you see, not what you think.
  • #26,398
  • Sep 13, 2007 5:39pm Sep 13, 2007 5:39pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting karmostaji
I was thinking about this too, and it is kind of weird..

"Although the firm remains profitable, the fact that it has had to go cap in hand to the Bank is the most tangible sign that the crisis in financial markets is spilling over into businesses that touch most of our lives," he added.
http://newsimg.bbc.co.uk/shared/img/o.gifhttp://newsimg.bbc.co.uk/nol/shared/...t_quote_rb.gif It is much more exposed than its rivals to this distaste for mortgage debt http://newsimg.bbc.co.uk/nol/shared/...d_quote_rb.gif


Robert Peston
BBC Business Editor

http://newsimg.bbc.co.uk/nol/shared/...ashed_line.gif

Northern Rock's share price

The Governor of the Bank of England, Mervyn King, said in a letter to the Treasury Select Committee on Wednesday that the Bank would be prepared to provide emergency loans to a bank that ran into difficulties, so long as those difficulties were the result of temporary market conditions.



wierd yes but the BOE thinks they will servive. so by the morning all will be back to normal LOL
  • #26,399
  • Sep 13, 2007 5:39pm Sep 13, 2007 5:39pm
Quoting PipChick
If you are already in and in profits quite a bit, an open above 42 might be a good place to add depending on what the candle looks like.
took profits and will look to re enter around 231.70 or a little lower if I can get it.
  • #26,400
  • Sep 13, 2007 5:39pm Sep 13, 2007 5:39pm
yep I went short too
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