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

when you say your waiting for 232.30 what do you mean? do you mean the price to touch it, or a 15min candle to close below it? or the whole down arrow and 60qqe cross down?.
can you be a little more specific, thanx AUS

You're welcome...been observing PA...pretty boring ! a drop would be welcome... Happy Trading! br

here's the chart I'm looking at.what are you seeing? peace 59

Opened a second short position @23258
First open position @23235.
TP 23208 (62EMA on 1hr)

I'm mainly looking or a 1hr candle close below 232.30 area.. When the price reach that area I analyze the QQE's and Momentums from 5min to 1hr before I take a positions.

some of the main features to look for is

Price below the Daily Pivot and 100sma


1hr QQE5 has to be crossed down.
15min QQE60,QQE 1 crossed down
5min QQE5 crossed down

1hr momentum should be below 50 line

BTW I don't know if anyone posted this yet, Buffet bought a big chunk of Bear Sterns.

Saw it on CNBC

a huge forex trader did the same. i think he bought 7%. i forgot his name.

Billionaire developer, currency trader bets on Bear Stearns


By Jed Horowitz





8:06pm 09/26/2007


Chairman and Chief Executive James Cayne was roughed up by the New York press this summer for leaving the office early to play golf as his company battled the biggest crisis of its financial life. At least one of his fellow duffers seems to have forgiven him.
Joseph Lewis, a former waiter at his father's eatery in London's East End, according to British press reports, has invested $860.4 million in Bear Stearns shares. Through several investment vehicles, he now owns 6.97% of the company's stock, outpacing Cayne's own holdings of about 5%, according to filings with the Securities and Exchange Commission.
Lewis, who is 70, built his fortune through real estate investments and currency trades and likes to rub shoulders with famous athletes. In 2000, he paid about $2.1 million at a charity auction to play golf with Tiger Woods and Mark O'Meara. Woods and fellow pro Ernie Els are currently investors in a $1.3 billion private residential community being built in the Bahamas by Lewis's main investment company, Tavistock Group.
Lewis is a value investor - meaning he seeks companies whose prospects are better than their stock price would suggest - and his investment in Bear Stearns is the best news in months for a firm that has lost 33% of its value this year. Bear Stearns is more exposed than its rivals to the mortgage securities and securitization markets that imploded this early summer.
"Clearly, Mr. Lewis, who is a very savvy investor, sees significant value in holding a key block of stock in this company," Punk Ziegel analyst Richard Bove told clients after the investment was disclosed Monday. But Bove said he was disappointed that Bear hasn't turned to a financial institution for help rather than an opportunistic investor with perhaps limited horizons.
"I had hoped that by now Bear Stearns would have found an investor who would buy new stock from the company, adding to its equity base," Bove said, as well as help it better compete in Europe or Asia where it lags its Wall Street competitors.
The Wall Street Journal reported earlier this summer that Bear Stearns may be seeking to issue convertible debt to an Asian bank. A Bear Stearns spokesman didn't return calls for comment. The company has said publicly that it doesn't need support from another financial company.
Lewis made his Bear Stearns investments in August and early September at an average price of $106.26 a share through a series of alphabetically themed vehicles with names like Aquarian, Cambria, Darcin, Mandarin and Nivon in which he is the sole indirect owner, according to SEC filings.
Bear's stock gained $2.13, or 2%, to close Monday at $107.50. Bove, however, said the market may have overreacted and speculated that Lewis may quickly sell the stock.
Lewis is better known as the brains behind privately owned Tavistock Group, whose Web site boasts of its ability to move very quickly to "invest in strong ideas or assets where our capital and functional support can produce results."
Douglas McMahon, a managing director at Tavistock, said Lewis would have no comment on the Bear Stearns investment.
Tavistock's Web site lists Lewis' daughter, Vivienne, as a member of senior management but not Lewis himself. The firm has investments that include life science companies such as Ambrx and Iapyx, sports teams such as England's Tottenham Hotspur Football Club, manufacturing companies such as Bristol Motor Cars, shoe manufacturer Puma and beachwear textile designer Gottex, financial services firms such as receivables financing company LSQ Funding and asset manager Broadworth Capital Advisors.
Tavistock also invests in restaurants that include Alcatraz Brewing Co., California Café and Napa Valley Grille, and develops private luxury residential properties and master planned communities that include Florida's Lake Nona golf and country club and fabled gated community Isleworth, where Woods, basketball stars Shaquille O'Neal and Penny Hardaway, baseball's Ken Griffey Jr. and Hollywood's Wesley Snipes have at various times resided.
Lewis, a British citizen with homes in Argentina, the Bahamas, London and Florida, owns a $100 million yacht, paintings by Picasso and Joan Miro and rubs elbows with celebrities such as Sean Connery, according to various reports in the British press. He is known in Argentina as El Rico, the rich one, according to London's Sunday Times.
He also shares at least one niche with Bear Stearns' Cayne. Both are repeat names on the Forbes list of the world's billionaires, with Lewis weighing in last year at number 369 with an estimated $2.5 billion and Cayne at 754 with $1.3 billion.
(Jared A. Favole conributed to this article.)
-Contact: 201-938-5400 http://i.mktw.net/mw3/News/greendot.gif

you can view the chart here


http://www.dailyfx.com/story/tophead...826210642.html

I think the support we are seeing right now is your middle trend line.. Looking at my QQE's and Momentum it will be broken soon. Also BoJ Board member Suda is currently speaking at a conference and his comments on US economy may not help your long trade.

Interesting action during the asian session. The Nikkei is up big right now. Since the yen is the anti-currency, that usually results in UJ rising (yen getting weaker). However, the yen has actually gotten stronger during the asian session.

Anybody have any thoughts about the UJ pair?

(JP) BOJ'S SUDA: EARLY ACTION ON BOJ POLICY IS DESIRABLE; SEES A HIGH CHANCE OF DELAY IN US ECONOMY RECOVERY; US HOUSING ADJUSTMENT LIKELY TO LAST LONGER THAN PREVIOUSLY THOUGHT
- Must not let guard down against market instability, sees no big subprime impact on the Japanese economy so far.
- Japanese rates are very low, adds that a rate hike every six months is not too slow.
- Overseas central bank policies will not constrain the BoJ.
- Need to consider the risk of unexpected rise in inflation in not the very distant future, consumers appear willing to accept price increases
- Capex may be hurt by high raw materials costs, but no need to change overall outlook for capex
- IT sector downside risk to ease towards year end

re: non take up of BOE loan:

The other reason is that despite the fact that the name of any bank borrowing would not be revealed by BOE, it is virtually certain that this would be snooped out.

Any Bank that borrowed at the high rate would be seen to be in deep shit.

The view was that nobody would take this up at the time it was announced.

I think it was an attempt to make the market think "hey! things ain't that bad... no one has taken up the loan..."

Brown is desparate to keep things looking ok here so he can announce an election just after the Tory conference.. Northern Rock has been effectively "nationalised" and it's for sure that it was government pressure that made them retract their announced dividend payments... (some poor old sods are goiing to be suffering now as many will have been relying on that for pension income.. )

I guess if Brown waits too long for an election then the true impacts of the credit problems, (which i can't believe anyone really believes have gone away yet), will mean that everyone is so pissed off that he will stand no chance.

For some reason it appears that the miserable old skinflint is popular at the moment so he needs to get in before he's sussed out.. anyway the other lot are little better, but hmm... if he gets in then he will have 6 / 7 years so he will then be able to ride out the current problems.. probably he will introduce tough measures and sort out the real issues?

We are not in quite the same boat as the US in terms of property as we have undersupply but it is going to get worse before it gets better.

I notice Saudi kept the dollar peg btw...

However... all this is longer term, in the short term i took the short down from the trend line but have got out now.. (took it on the basis of the trend line and extreme oversold on the 4h at the time)

I think the odds are good for a short today but needs to get thru the current resistance..

I prefer the look of the UJ for the short at the moment as it is a little less scarey than GJ in terms of volatilty and looks a safer bet..

check out the weekly we are above 115 yen this is bullish the low this week has remained the same currently we have a lower high I expect that to change looking for 117 yen

The rumor a couple of weeks ago was that Buffet was going to buy Countrywide also. I wouldn't believe that shit for a second.

It is most likely a pump and dump of BSC stock. A rumor that Buffet is interested is always good for a spike up in the stock. BSC went up $12/share after this rumor came out.

(us) The Us 10 Yr Treasury Price Moves Higher By More Than 0.05% And Reversed Earlier Losses Ahead Ot Tomorrow's Us New Home Sales Data; The Bond Last Yielded About 4.6162%

Just my thoughts on this.

I would think the price would come down to 232.35 (daily pivot) before franky.
Then to move up to 233.00 before london takes it down past the daily pivot to about 231.50 area.
And then its freaky Friday where anything goes.

Morning everyone.. markam.. UJ has been up since yesterday because of toushin demands - there are new funds being launched in japan and they are snapping up UJ.. this will continue till monday.. so you might see UJ rise.. or stay stable.

I expect the GDP and home sales numbers will provoke a reverse reaction again in the stock market. Bad news will drive the market up.

I would guess the market assumption is that the news will be bad. The question is will they position GJ prior to the news based on that assumption. I would think the market will drive it down prior to the news.

Anybody have any thoughts on british housing price news in 3 hours? I would think below expections on price increase would really drive GJ down, since it gives BOE room to cut rates. A result above expections may not drive GJ up nearly as much, since the market is not going to believe a rate increase is likely, regardless of the data.

Interesting. Thanks.

I just noticed a good Bullish 4hr Momentum on both UJ and GJ.. However the price is still below the 4hr 5sma. if the price breaks above 4hr 5sma.. the bulls will be back in action, at lest until 5GMT.