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

  • #50,361
  • Nov 15, 2007 5:26am Nov 15, 2007 5:26am
i agree because GBP seem to track pretty well with the other commodity currencies like AUS and CAD, which are both strenghtening against USD as I type this.

Quoting karmostaji
I expect the rest of the day to be bullish, but that's just me. Trade what you see on your chart.
  • #50,362
  • Nov 15, 2007 5:26am Nov 15, 2007 5:26am
Quoting karmostaji
I expect the rest of the day to be bullish, but that's just me. Trade what you see on your chart.
why? weekly mom's are rangy and daily mom's seem to be bearish to rangy. also i believe their are some more write offs due out today. but ur right trade what u c.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #50,363
  • Nov 15, 2007 5:27am Nov 15, 2007 5:27am
Quoting moneymagnet
that is what i am hoping for. would luv to c it go up to 226.80-227.30 area, got some entrhy limits there
The 5sma's have moved way lower. Might be able to catch a 1hr 5sma, if you're still inclined for a short.
  • #50,364
  • Nov 15, 2007 5:36am Nov 15, 2007 5:36am
did someone say long on the gpb? there is omething i haven't heard much of lately in this thread..... we NEED efilang!!! help us effi oh wise and noble one! feed the masses with your power and insight! we give you thanks and prasie!

IMHO: the cad moving PROBABLY due to oil still going down and traders are aware that cad data was worse then expected this wek already..... how is this realted to gpb? please help me understand as I dont get it
  • #50,365
  • Nov 15, 2007 5:42am Nov 15, 2007 5:42am
cable well down so far.. i was quite surprised by that weak retail sales earlier this morning. With this and the inflation report yesterday.. does anyone think this will play on traders minds and cause further weakening?
  • #50,366
  • Nov 15, 2007 5:45am Nov 15, 2007 5:45am
Quoting ife
@ dinmi, ofcourse i'm not..i will be nuts going long..its just that my patience is gettin out of hands..i'm short since 228 @ uncleforex thanx so much for the advice..i think i will just hold on
Always remember to move your S/L into a +. No sense in loosing a trade if it goes against you. Even thouh I am over 1340 pips in the + with GY, I have a S/L in place, just in case the idiots in the financial markets start to go bullish against all the fundamentals.
Humble Lifetime Member
  • #50,367
  • Nov 15, 2007 5:46am Nov 15, 2007 5:46am
Guys,

is there a QQE for metatrader?
  • #50,368
  • Nov 15, 2007 5:48am Nov 15, 2007 5:48am
Quoting peterM
cable well down so far.. i was quite surprised by that weak retail sales earlier this morning. With this and the inflation report yesterday.. does anyone think this will play on traders minds and cause further weakening?
I fully expect it to play into the minds if the big boys in Europe and the US. Also, Barclays reported 2.7 billion in sub-prime losses. http://www.bloomberg.com/apps/news?p...bmA&refer=home
Humble Lifetime Member
  • #50,369
  • Nov 15, 2007 5:49am Nov 15, 2007 5:49am
Quoting Pips_Cruiser
The 5sma's have moved way lower. Might be able to catch a 1hr 5sma, if you're still inclined for a short.

thats what i was thinking... my chart says short but with us data due out at 8:30 am EST i dont know if this baby moves much till then... didn't someone say something about patience? I need to borrow some cause i think i lost mine!
  • #50,370
  • Nov 15, 2007 5:49am Nov 15, 2007 5:49am
Quoting Squidster
Guys,

is there a QQE for metatrader?
http://www.pnwenterprises.com/auslanco/downloads.htm

  • #50,371
  • Nov 15, 2007 5:50am Nov 15, 2007 5:50am
Quoting Ash
I fully expect it to play into the minds if the big boys in Europe and the US. Also, Barclays reported 2.7 billion in sub-prime losses. http://www.bloomberg.com/apps/news?p...bmA&refer=home
yes, I read that earlier... I think all the major banks are going to take a bit hit. I still think it's self inflicted.. they took on way too much risk.. very irresponsible.
  • #50,372
  • Nov 15, 2007 5:51am Nov 15, 2007 5:51am
Quoting quecee5
I'm hoping for a close below daily pivot myself of 227.88. That would make me feel alot better going into the Asian session.

However, we still have a bit more down side to go. . .

USD/JPY should see short-term support ar'ds 111.15
GBP/USD should see short-term support ar'd 2.0505

Which should put GBP/JPY @ ar'd 227.90's which is right ar'd near the daily pivot point.
Might not happen in this session, we may see it later in the Asian session.
Then all we need is for the bears to take control and push it on down to 225/226 area.

Lets see how this plays out. . .
Woke up this a.m. and awwwww, I love it when a plan works out just right. I'm still short from 229.73, missed the bottom @ 225.65 but I see further downside to this pair. . . We may see a bounce back up to 227.56 (maybe) but I see next stop @ 224, then 222. . .
  • #50,373
  • Nov 15, 2007 5:52am Nov 15, 2007 5:52am
Quoting dagoods
thats what i was thinking... my chart says short but with us data due out at 8:30 am EST i dont know if this baby moves much till then... didn't someone say something about patience? I need to borrow some cause i think i lost mine!
I hear you! I might just call it day, and let the market do it's thing for now.
  • #50,374
  • Nov 15, 2007 5:52am Nov 15, 2007 5:52am
Quoting Ash
I fully expect it to play into the minds if the big boys in Europe and the US. Also, Barclays reported 2.7 billion in sub-prime losses. http://www.bloomberg.com/apps/news?p...bmA&refer=home
That has already been factored in last week.. apparently there was a rumor that Barclays had a 10 billion $ write down.. so the 2.7 figure is much better in comparison.
  • #50,375
  • Nov 15, 2007 5:56am Nov 15, 2007 5:56am
Quoting VishalJ
That has already been factored in last week.. apparently there was a rumor that Barclays had a 10 billion $ write down.. so the 2.7 figure is much better in comparison.
yes, that is true.. I read that on the bbc news site a few days ago.
  • #50,376
  • Nov 15, 2007 5:59am Nov 15, 2007 5:59am
Quoting peterM
yes, I read that earlier... I think all the major banks are going to take a bit hit. I still think it's self inflicted.. they took on way too much risk.. very irresponsible.
I think it was the Royal Bank of Scotland that stated in their report that when everyone is done reporting, financial institutions could have taken as much as $250 billion in losses and that was a conservative estimate.
Humble Lifetime Member
  • #50,377
  • Nov 15, 2007 5:59am Nov 15, 2007 5:59am
Quoting moneymagnet
that is what i am hoping for. would luv to c it go up to 226.80-227.30 area, got some entrhy limits there
hey pip cruiser

hit my first target perfectly (226.90 was 38.2% fib of move down) and i took my scalp long profit there. i removed my short entry there() because i think we will see 227.30-50 which is the 50% fib and 4hr 5 sma(227.70) area. would love to see a 15min sell strategy there
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #50,378
  • Nov 15, 2007 6:02am Nov 15, 2007 6:02am
Quoting moneymagnet
hey pip cruiser

hit my first target perfectly (226.90 was 38.2% fib of move down) and i took my scalp long profit there. i removed my short entry there() because i think we will see 227.30-50 which is the 50% fib and 4hr 5 sma(227.70) area. would love to see a 15min sell strategy there
Well, remember what Karmo likes to say . . .

  • #50,379
  • Nov 15, 2007 6:05am Nov 15, 2007 6:05am
Quoting Pips_Cruiser
Well, remember what Karmo likes to say . . .

lol. extra strength
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #50,380
  • Nov 15, 2007 6:06am Nov 15, 2007 6:06am
If 4H QQE crosses downwards in an hour, then forget the bull coz we'll see new low's.
Trade what you see, not what you think.
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