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

  • #46,241
  • Oct 31, 2007 1:28pm Oct 31, 2007 1:28pm
Market is not sure what to do... May take some time for clear direction
  • #46,242
  • Oct 31, 2007 1:29pm Oct 31, 2007 1:29pm
Quoting markam
I read this as don't expect any more rate cuts.
Everything depends on how this hourly candle close. it should show us a clear direction
  • #46,243
  • Oct 31, 2007 1:30pm Oct 31, 2007 1:30pm
COME ON... MOVE it....
  • #46,244
  • Oct 31, 2007 1:30pm Oct 31, 2007 1:30pm
Quoting comeinvest
Even with 25 bp cut, it should go up right
don't count on it. Oil has gone down, gold has gone down, the dow has gone down, and the euro has gone down.
  • #46,245
  • Oct 31, 2007 1:32pm Oct 31, 2007 1:32pm
Market has confused too !!!
  • #46,246
  • Oct 31, 2007 1:32pm Oct 31, 2007 1:32pm
25 cut in int, 25 cut in discount rate....
  • #46,247
  • Oct 31, 2007 1:32pm Oct 31, 2007 1:32pm
Quoting comeinvest
Everything depends on how this hourly candle close. it should show us a clear direction
there was a .25% cut in both
  • #46,248
  • Oct 31, 2007 1:37pm Oct 31, 2007 1:37pm
and we are exactly where we were an hour ago, and we still don't know what the market is going to do.
  • #46,249
  • Oct 31, 2007 1:39pm Oct 31, 2007 1:39pm
and gold is back up to where it was
Quoting markam
and we are exactly where we were an hour ago, and we still don't know what the market is going to do.
  • #46,250
  • Oct 31, 2007 1:39pm Oct 31, 2007 1:39pm
lol, its still trying to push up...
  • #46,251
  • Oct 31, 2007 1:39pm Oct 31, 2007 1:39pm
Quoting markam
and we are exactly where we were an hour ago, and we still don't know what the market is going to do.
up, I believe
but will drop soon
  • #46,252
  • Oct 31, 2007 1:40pm Oct 31, 2007 1:40pm
Quoting markam
and we are exactly where we were an hour ago, and we still don't know what the market is going to do.

I got stopped out (in the +). I'll let the market do whatever it wants. I opened up shorts in USD/CAD and USD/CHF. Slow moving currencies but @ least I know which they are headed.
Humble Lifetime Member
  • #46,253
  • Oct 31, 2007 1:40pm Oct 31, 2007 1:40pm
Quoting markam
and we are exactly where we were an hour ago, and we still don't know what the market is going to do.
wait for another 20 mins for clear direction. if the hourly candle close above 5 EMA, i believe it will go up higher since the down move just now bounced off from .618 fibo....
  • #46,254
  • Oct 31, 2007 1:42pm Oct 31, 2007 1:42pm
Quoting markam
don't count on it. Oil has gone down, gold has gone down, the dow has gone down, and the euro has gone down.
i see oil at 94.64 and gold at 794 don't seems down to me sir
  • #46,255
  • Oct 31, 2007 1:43pm Oct 31, 2007 1:43pm
I think it will go up to 240.50 area to create double top with the last high..
Do not follow my trades. Trade what you see on your own charts.
  • #46,256
  • Oct 31, 2007 1:43pm Oct 31, 2007 1:43pm
Quoting gene22
OK, based on the last extreme high of the week of 8/09/1998 of 241.06, and some esotoric time/price experiments that I'm running I will put in a sell order at 239.95, acounting for the spread, with a tight stop loss of 241.85. INMO ideal scenario will result in a spike up to that area and a fall thereafter, only time will tell. The only reason for sharing this particular entry is just to make it public, if you notice had not shared any other entries/exits ever before. Simply would like to get it "on record".
Please do not duplicate the trade as it is an experimental trade, that from a purelly techical standpoint and Aus's strategy makes no sense.
Now we wait...
Yeah Yeah Copying my analysis now are we? :

http://www.forexfactory.com/showthre...67#post1690567

First in gets the credit
  • #46,257
  • Oct 31, 2007 1:45pm Oct 31, 2007 1:45pm
The stock market is rallying. Apparently they are weeble bulls.
  • #46,258
  • Oct 31, 2007 1:45pm Oct 31, 2007 1:45pm
Quoting maro
i see oil at 94.64 and gold at 794 don't seems down to me sir
It was down @ the time the gentleman posted.
Humble Lifetime Member
  • #46,259
  • Oct 31, 2007 1:45pm Oct 31, 2007 1:45pm
2hrs before the Dow close.. should allow us to fall when it does
Quoting turn1to100
Now I see upward strength until 2pm News still then we will have no rate cut.Then start our fall until London.But if .25 rate cut then we will have a little way higher to go...But wont last through London session.Early post I said USD/JPY will rise from3-12pmEST make GBP weak which drops GBP/JPY and GBP/USD.
  • #46,260
  • Oct 31, 2007 1:45pm Oct 31, 2007 1:45pm
any positions yet?
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