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

  • #49,561
  • Nov 11, 2007 3:40pm Nov 11, 2007 3:40pm
Last hour on U/J closed with a bullish engulfing candle.
  • #49,562
  • Nov 11, 2007 3:41pm Nov 11, 2007 3:41pm
Quoting mktjong
It has formed a positive divergence on hourly chart. If this is in progress, we may see area of 233.50ish which is around the daily pivot.
Sorry .. I meant a bit less than 233 areas.
  • #49,563
  • Nov 11, 2007 3:42pm Nov 11, 2007 3:42pm
Quoting Ash
Yeah, but I kept my shorts open. I ask myself, "how long are the markets going to ignore the fundamentals?" but then again, we've got fools running the markets.
things can change if the gap is filled quickly... or during all the day.. or not filled...
technical trading works very nice... but when fundamentals fear comes... it is very risky to trade with technicals...
  • #49,564
  • Nov 11, 2007 3:45pm Nov 11, 2007 3:45pm
what if UJ gap is filled now but not GJ ?
mmmm
  • #49,565
  • Nov 11, 2007 3:45pm Nov 11, 2007 3:45pm
Daily 5sma is at 235, 50 Ema is 236, I see those as highs for this retrace up. I am exiting half my position at 233 (assuming we get there).

233.30 is where the midline regression line is. Price always wants to return to the middle.
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  • #49,566
  • Nov 11, 2007 3:45pm Nov 11, 2007 3:45pm
exit 230.75
  • #49,567
  • Nov 11, 2007 3:46pm Nov 11, 2007 3:46pm
Quoting emda
things can change if the gap is filled quickly... or during all the day.. or not filled...
technical trading works very nice... but when fundamentals fear comes... it is very risky to trade with technicals...
Absolutley correct, that's the other name for fundamentals = fear.
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  • #49,568
  • Nov 11, 2007 3:47pm Nov 11, 2007 3:47pm
Anyone expecting 236 by tomorrow?
  • #49,569
  • Nov 11, 2007 3:49pm Nov 11, 2007 3:49pm
Quoting vinesh2
Anyone expecting 236 by tomorrow?
236 is next to impossible! just forget it
  • #49,570
  • Nov 11, 2007 3:49pm Nov 11, 2007 3:49pm
Quoting vinesh2
Anyone expecting 236 by tomorrow?
If you don't mind me asking, are you still long?
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  • #49,571
  • Nov 11, 2007 3:52pm Nov 11, 2007 3:52pm
Quoting Srikanth
236 is next to impossible! just forget it
That's the most unwise thing to say
  • #49,572
  • Nov 11, 2007 3:56pm Nov 11, 2007 3:56pm
Quoting vinesh2
Anyone expecting 226 by tomorrow?
yes
  • #49,573
  • Nov 11, 2007 3:56pm Nov 11, 2007 3:56pm
JPY interest rate can be decisive..... but GBP and EUR were maintained.. and AUD increased to 6.75.. so everything pointed to not unwind...
maybe this is only a get profit operation of carry trades before the announcement of the JPY rate... just to be safe... but it should return to normal. Today is half holiday... and the rate will be tuesday... I cannot see it moving more down until then...
  • #49,574
  • Nov 11, 2007 4:04pm Nov 11, 2007 4:04pm
There are winners, not only losers from the suprime crisis
"
DJ Financial News: Hedge Fund Makes $3B From Subprime Bet

By William Hutchings Of FINANCIAL NEWS A single hedge fund has made a gain of more than $3 billion (EUR2 billion) at the expense of investment banks by betting on the subprime crisis.
U.S. hedge fund manager Paulson & Co. has turned an investment of almost $500 million at the start of the year into almost $3.6 billion by taking out a form of insurance that started paying out as soon as subprime mortgage securities lost value, investors said.
Four other hedge fund managers - Harbinger Capital Partners, Balestra Capital, Scion Funds and Peloton Partners - have also made substantial gains from subprime, with Harbinger's fund rising just under 100% for the year to date, according to an investor in the fund.
Paulson's Credit Opportunities fund has made a gross return of 690% and a net return, after fees, of 551% for the first 10 months of the year, according to a source close to the firm. The firm's Credit Opportunities II fund has made a gross return of 410% and a net 328%.
The firm began betting on subprime in the middle of last year. Banks were offering credit default swaps, a kind of insurance contract, on the BBB-rated tranches of securities backed by U.S. subprime mortgages. The buyer had to pay a premium of 1% a year to the banks, which undertook to pay out the value of any falls in the BBB tranches.
Ken Kinsey-Quick, head of multi-manager funds at UK asset manager Thames River Capital, said: "The best returns for these hedge funds are still to come." New investors have lifted Paulson's assets from $6 billion in January to $27.5 billion, taking it from the world's 69th-largest hedge fund manager to one of the top 10. Among the investment banks, Morgan Stanley said it expected to lose GBP3.7 billion on subprime, Citigroup said its losses would rise to more than $14 billion and Merrill Lynch admitted to losing $7.9 billion.
Web site: http://www.efinancialnews.com
(END) Dow Jones Newswires
November 11, 2007 19:01 ET (00:01 GMT)
http://cs.iitech.dk/_Applets/News/im...-djn-logo1.gif "
go go go
  • #49,575
  • Nov 11, 2007 4:07pm Nov 11, 2007 4:07pm
Quoting chris747
Do not smoke too much of your staff, body!
Got me.
  • #49,576
  • Nov 11, 2007 4:08pm Nov 11, 2007 4:08pm
Quoting @40
There are winners, not only losers from the suprime crisis
"
DJ Financial News: Hedge Fund Makes $3B From Subprime Bet

By William Hutchings Of FINANCIAL NEWS A single hedge fund has made a gain of more than $3 billion (EUR2 billion) at the expense of investment banks by betting on the subprime crisis.
U.S. hedge fund manager Paulson & Co. has turned an investment of almost $500 million at the start of the year into almost $3.6 billion by taking out a form of insurance that started paying out as soon as subprime mortgage securities lost value, investors said.
Four other hedge fund managers - Harbinger Capital Partners, Balestra Capital, Scion Funds and Peloton Partners - have also made substantial gains from subprime, with Harbinger's fund rising just under 100% for the year to date, according to an investor in the fund.
Paulson's Credit Opportunities fund has made a gross return of 690% and a net return, after fees, of 551% for the first 10 months of the year, according to a source close to the firm. The firm's Credit Opportunities II fund has made a gross return of 410% and a net 328%.
The firm began betting on subprime in the middle of last year. Banks were offering credit default swaps, a kind of insurance contract, on the BBB-rated tranches of securities backed by U.S. subprime mortgages. The buyer had to pay a premium of 1% a year to the banks, which undertook to pay out the value of any falls in the BBB tranches.
Ken Kinsey-Quick, head of multi-manager funds at UK asset manager Thames River Capital, said: "The best returns for these hedge funds are still to come." New investors have lifted Paulson's assets from $6 billion in January to $27.5 billion, taking it from the world's 69th-largest hedge fund manager to one of the top 10. Among the investment banks, Morgan Stanley said it expected to lose GBP3.7 billion on subprime, Citigroup said its losses would rise to more than $14 billion and Merrill Lynch admitted to losing $7.9 billion.
Web site: http://www.efinancialnews.com
(END) Dow Jones Newswires
November 11, 2007 19:01 ET (00:01 GMT)
http://cs.iitech.dk/_Applets/News/im...-djn-logo1.gif "
One individuals loss is another's gain.
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  • #49,577
  • Nov 11, 2007 4:12pm Nov 11, 2007 4:12pm
Quoting DutchTrader
I agree with that. The debt servicing model is clearly becoming too much of a drag on the overall economic/social well being of the US.
Not only the US.
  • #49,578
  • Nov 11, 2007 4:22pm Nov 11, 2007 4:22pm
Quoting Kurti
Not only the US.
The entire fiat currency system only works if there is continuous exponential growth of the currency. We have been on a 35 year experiment having all currencies as fiat currencies. It is failing.
  • #49,579
  • Nov 11, 2007 4:30pm Nov 11, 2007 4:30pm
Quoting markam
The entire fiat currency system only works if there is continuous exponential growth of the currency. We have been on a 35 year experiment having all currencies as fiat currencies. It is failing.
what do you suggest for next experiment? or maybe there is no next experiment... just rats and insects...
  • #49,580
  • Edited 4:37pm Nov 11, 2007 4:36pm | Edited 4:37pm
Quoting emda
what do you suggest for next experiment? or maybe there is no next experiment... just rats and insects...
Personal opinion is that we can not afford anymore experiments. Go back to gold and silver.

F.Y.I.

Over the past few years, Russia has been building up it's gold reserves. Currently they hold the fourth largest in the world.
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