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

  • #49,201
  • Nov 9, 2007 5:48am Nov 9, 2007 5:48am
k guys wats the latest news that gives this dip ?
To Live is the rarest thing in the world , Most people exist , that is all
  • #49,202
  • Nov 9, 2007 5:50am Nov 9, 2007 5:50am
Quoting VishalJ
There's a huge option strike for AUD/USD at 0.9180 for the New York cut today.. reports state that a US bank has been selling AUD/JPY and AUD/USD and that started the carry-trade slide.. hmm..
It looks as if the fall was FX led, YM only went negative an hour ago, well after the UJ etc fall started - YM now held around -100, UJ around 111.20 and cable decides to drop 100 in 15 mins....Freaky Friday's here again!

GJ -450 since FO.....some drop
Trading Levels with WRBs
  • #49,203
  • Nov 9, 2007 5:55am Nov 9, 2007 5:55am
Quoting Islander
It looks as if the fall was FX lead, YM only went negative an hour ago, well after the UJ etc fall started - YM now held around -100, UJ around 111.20 and cable decides to drop 100 in 15 mins....Freaky Friday's here again!

GJ -450 since FO.....some drop
Cable dropped 100 pips because a UK clearer apparently sold 10 billion GBP (speculation.. no confirmation yet)

Edit - Yeah mate, -450... this has way more potential though.. but all the idiots will get back into the carry trades thinking it's a great time to buy.
  • #49,204
  • Nov 9, 2007 5:55am Nov 9, 2007 5:55am
Quoting RoWkIlLa
It seems the much awaited GU drop is finally starting, 2.09 seems possible to me if we get a close below 1h 50ema.
I was expecting it to start next week but thats ok, I had a short in GU already in place
Humble Lifetime Member
  • #49,205
  • Nov 9, 2007 6:04am Nov 9, 2007 6:04am
Hi all,

Maybe here that baby love could find some support.....

End of nightmare for bulls ??????
Attached Image (click to enlarge)
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Non licet omnibus adire Corinthum
  • #49,206
  • Nov 9, 2007 6:05am Nov 9, 2007 6:05am
holy arctic beluga

can anyone pull up a piece of news that caused all this?
  • #49,207
  • Nov 9, 2007 6:06am Nov 9, 2007 6:06am
Quoting Kayoubi
holy arctic beluga

can anyone pull up a piece of news that caused all this?
I don't care what caused it I AM VERY HAPPY
  • #49,208
  • Nov 9, 2007 6:11am Nov 9, 2007 6:11am
Is anyone long on GU? That recent dip looked like a good buying opportunity.
  • #49,209
  • Nov 9, 2007 6:12am Nov 9, 2007 6:12am
Quoting Kayoubi
holy arctic beluga

can anyone pull up a piece of news that caused all this?
Where you been this whole week?! The last factor to rattle the markets was Bernanke's testimony yesterday.
  • #49,210
  • Nov 9, 2007 6:13am Nov 9, 2007 6:13am
Quoting zoheir
I don't care what caused it I AM VERY HAPPY
Me too !!!
  • #49,211
  • Nov 9, 2007 6:14am Nov 9, 2007 6:14am
Quoting Geldmeister
I also like to see whether this magic MOM will pull price up again from here!

I am really struggling with this indicator that Aus and others appear to be using so successfully.

I have been following this thread for a while, but mostly trade 4h trendlines and had a great signal 1h ago when my new 4h bar opened below a rising trendline. So why did I not enter short @ 237.30ish?
a) because I am having a rough patch with low confidence
b) because the new 4h MOM was and still is up, so hesitated to go short.

Results? I missed out on a 100+ pip trade.

Any other thoughts on the validity of this MOM indicator? Maybe I am just missing something major here. Really appreciate a view from Karmo et al! thanks!
Missed out on 400 pips because 4h MOM was up @ 9am GMT - I am really pissed and do seriously question the validity of going by what this indicator says at candle opening! If MOM is up and then price shoots down in the course of 4h, the indicator will obviously change also, so what is the validity of MOM here??? maybe I am just too stupid to grasp the concept of this Aus indicator...
Consistency and patience is everything
  • #49,212
  • Nov 9, 2007 6:15am Nov 9, 2007 6:15am
Arrrgh I just came home and missed all the action. What happened
May the Pips be with You Let's Pimp some Pips!
  • #49,213
  • Nov 9, 2007 6:17am Nov 9, 2007 6:17am
Wachovia posting 1.1 billion $ loss just for the month of October alone, Qualcomm posting losses.. hopefully this will be a solid triple digit figure drop in that DOW. Markets are probably going to wait for US trade balance and consumer confidence.. I think both should be bad.. but you never know.

Edit - Bloomberg reporting that there was a temporary suspension of trading in Barclay's which caused the 100 pip GU drop.. that 10 billion amount was a write-down.
  • #49,214
  • Nov 9, 2007 6:18am Nov 9, 2007 6:18am
i was short from ~ 236.8, when i went to bed, it was approx around ~ 237.5ish, woke up to see it at 234ish, closed it for 200+pips profit... and thought that well, time to watch some spongebob...

after 30mins, opened the chart and thought it was a mistake, and wow.. it dropped another 200pips?

nxt week will be pretty crazy.

will be fun to see how the DOW reacts later on.
  • #49,215
  • Nov 9, 2007 6:18am Nov 9, 2007 6:18am
TTN
DEALER CHATTER THAT EASTERN EUROPEAN NAMES HAVE BEEN AGGRESSIVE BUYERS OF YEN THIS SESSION


when the Russians come in to the market it's party time

Have a great weekend guys.
  • #49,216
  • Nov 9, 2007 6:20am Nov 9, 2007 6:20am
wonder where markam went.. he sure would have loved to see that dip!
those on the 15m signal would have got pretty good pips if they never set TP
  • #49,217
  • Nov 9, 2007 6:20am Nov 9, 2007 6:20am
YM went - 165 before stopping at the 78:6 retrace of yesterday afternoons rally and GJ got down to the confluence of S3 and its 233 level....will these levels hold?......
TWT
Trading Levels with WRBs
  • #49,218
  • Nov 9, 2007 6:20am Nov 9, 2007 6:20am
Hei , Aus! Wellcome back to the party man
go go go
  • #49,219
  • Nov 9, 2007 6:20am Nov 9, 2007 6:20am
Quoting Geldmeister
Missed out on 400 pips because 4h MOM was up @ 9am GMT - I am really pissed and do seriously question the validity of going by what this indicator says at candle opening! If MOM is up and then price shoots down in the course of 4h, the indicator will obviously change also, so what is the validity of MOM here??? maybe I am just too stupid to grasp the concept of this Aus indicator...
Guys: to make one thing clear, I am NOT out to complain about AUS or his strategies. I much appreciate what he has contributed here. I am just trying to understand what's going on with MOM here and be happy enough to be told that I missed something in the equation.
Just so that people don't throw me in the pit with those who show up here and complain about AUS when one of his trades does not work.
Consistency and patience is everything
  • #49,220
  • Nov 9, 2007 6:21am Nov 9, 2007 6:21am
Quoting Geldmeister
Missed out on 400 pips because 4h MOM was up @ 9am GMT - I am really pissed and do seriously question the validity of going by what this indicator says at candle opening! If MOM is up and then price shoots down in the course of 4h, the indicator will obviously change also, so what is the validity of MOM here??? maybe I am just too stupid to grasp the concept of this Aus indicator...
This is a lesson that I've taken before.

Suggestions are:

1. Just blindly follow Aus's decision
2. ignore the momentum readings yourself, because momentum readings are not reliable. I know for sure momentum(1) is a joke.

But Aus somehow can manage between momentum and his decision with his comhensive knowledge and experience.

momentum (10) and (14) bend are more meaningful
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