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

  • #44,521
  • Oct 25, 2007 8:27am Oct 25, 2007 8:27am
Crazy market since the start of the asian trading last night. I made some bad calls, had my biggest losses in weeks, and yet I am still up more than $600 for the day.

Just hope I don't lose that in the next 6.5 hours.
  • #44,522
  • Oct 25, 2007 8:31am Oct 25, 2007 8:31am
Quoting markam
Crazy market since the start of the asian trading last night. I made some bad calls, had my biggest losses in weeks, and yet I am still up more than $600 for the day.

Just hope I don't lose that in the next 6.5 hours.
Let me guess.. you were shorting the Yen pairs. You'll make it up.. remember.. Asian sessions are notorious for buying yen pairs (most of the time) "buy a dip" seems to be the motto.
  • #44,523
  • Oct 25, 2007 8:34am Oct 25, 2007 8:34am
Quoting VishalJ
Let me guess.. you were shorting the Yen pairs. You'll make it up.. remember.. Asian sessions are notorious for buying yen pairs (most of the time) "buy a dip" seems to be the motto.
Actually my big loss came from doubling up my long thinking we would hit 235.5, right before we dropped 100 pips. I had been long since the very bottom last night and got greedy for a big finish.
  • #44,524
  • Oct 25, 2007 8:38am Oct 25, 2007 8:38am
Quoting markam
Actually my big loss came from doubling up my long thinking we would hit 235.5, right before we dropped 100 pips. I had been long since the very bottom last night and got greedy for a big finish.
Ouch.. No worries.. like you said, you're still up for the day.

My UJ TP reached (114.00.. the strike is at 113.95.. i don't care for the 5 pips) Although I feel this can go much lower.. but don't want to take a chance.

Edit - now what's going to happen before 10 am EST is that GU will start moving up in anticipation of a bad report.. UJ will remain steady or drift lower.. and GJ will get confused lol. If I were one of the big boys I would drive up UJ really high 30 to 40 pips.. and then short when bad news comes out.
  • #44,525
  • Oct 25, 2007 8:42am Oct 25, 2007 8:42am
Quoting VishalJ
Ouch.. No worries.. like you said, you're still up for the day.

My UJ TP reached (114.00.. the strike is at 113.95.. i don't care for the 5 pips) Although I feel this can go much lower.. but don't want to take a chance.

Edit - now what's going to happen before 10 am EST is that GU will start moving up in anticipation of a bad report.. UJ will remain steady or drift lower.. and GJ will get confused lol. If I were one of the big boys I would drive up UJ really high 30 to 40 pips.. and then short when bad news comes out.
I could see UJ hitting 113 if the market goes to hell today.
  • #44,526
  • Oct 25, 2007 8:42am Oct 25, 2007 8:42am
i think dow gonna close positive today (analysis based on mars n venus movements relatively to earth)
To Live is the rarest thing in the world , Most people exist , that is all
  • #44,527
  • Oct 25, 2007 8:55am Oct 25, 2007 8:55am
Quoting maheswara
i think dow gonna close positive today (analysis based on mars n venus movements relatively to earth)
  • #44,528
  • Oct 25, 2007 8:55am Oct 25, 2007 8:55am
Quoting maheswara
i think dow gonna close positive today (analysis based on mars n venus movements relatively to earth)
you were a bit off, the Mars is in lower orbit now, so DOW will dive toward it.
  • #44,529
  • Oct 25, 2007 8:56am Oct 25, 2007 8:56am
Thursday, October 25th, 2007 (10:00 a.m. New York Time) USA
Then at 10 a.m. New York time we will have New Home Sales coming out. It is expected to come out at 775 K. I think if this report comes out at 600 K or below, we may see GBP/USD going up by 40 pips or more in the first hour of the report. On the other hand, if it comes out at 900 K or above, I think GBP/USD may possibly go down by 40 pips or more in the first hour of the report. Lower deviations may cause some price actions as well but it will heavily depend on the price action right before the report.

SUMMARY:
* Report: US New Home Sales
* Buy on GBP/USD if the number will be 600 K or below
* Sell on GBP/USD if the number will be 900 K or above
* If the trigger is hit, expect 40 pips or more in the first hour of the report.
  • #44,530
  • Oct 25, 2007 8:57am Oct 25, 2007 8:57am
Hi Vishal,

Thanks for kind words in pm. Am back online today but intermittently...will take time but am thinking your advice is a good one.
  • #44,531
  • Oct 25, 2007 8:58am Oct 25, 2007 8:58am
Quoting maheswara
i think dow gonna close positive today (analysis based on mars n venus movements relatively to earth)

hope your right still holding my longs and i keep forgeting to breath just 2 min till home sales
  • #44,532
  • Oct 25, 2007 8:59am Oct 25, 2007 8:59am
Quoting markam
I could see UJ hitting 113 if the market goes to hell today.
U/J will hit 113.75,... if it goes down further then 113.50 is next,...
  • #44,533
  • Oct 25, 2007 9:00am Oct 25, 2007 9:00am
*SEPT NEW HOME SALES: 770K V 770KE; M/M RATE: % V -3.1%E
- prior revised to K from 795K
  • #44,534
  • Oct 25, 2007 9:02am Oct 25, 2007 9:02am
770 yes long might be safe hopefuly
  • #44,535
  • Oct 25, 2007 9:05am Oct 25, 2007 9:05am
told ya , my astro crystal ball has super accuracy
To Live is the rarest thing in the world , Most people exist , that is all
  • #44,536
  • Oct 25, 2007 9:06am Oct 25, 2007 9:06am
Nice surprise.. this should go up. up

There is resistance for UJ at 114.60 in the form of option barriers.. if they are taken out.. GJ might go all the way to 236
  • #44,537
  • Oct 25, 2007 9:08am Oct 25, 2007 9:08am
Quoting auslanco
yehh me too.. I will have my long trade overnight. NY session is always a time waster see you everyone at Tokyo open
Dear Aus,

I have tried to PM u but looks like ur PM box is full .

Is there a way to PM u again or email u...i dont have ur email.Can u PM me ur email,Plz,Aus.

Thanks.
  • #44,538
  • Oct 25, 2007 9:09am Oct 25, 2007 9:09am
Quoting VishalJ
Nice surprise.. this should go up. up

There is resistance for UJ at 114.60 in the form of option barriers.. if they are taken out.. GJ might go all the way to 236
I expect the stock market to go down, but I think I will just stay out and keep my money.
  • #44,539
  • Oct 25, 2007 9:09am Oct 25, 2007 9:09am
I wonder if these numbers are cooked up.

All the home builders are posting huge losses.. but new home sales are good? Hmmm.. who's constructing these new homes?
  • #44,540
  • Oct 25, 2007 9:10am Oct 25, 2007 9:10am
Quoting sri
Dear Aus,

I have tried to PM u but looks like ur PM box is full .

Is there a way to PM u again or email u...i dont have ur email.Can u PM me ur email,Plz,Aus.

Thanks.
Hi Sri, Send the PM now.
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