Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 3439 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY, GBP/USD

Similar Threads

Auslanco-GBP/JPY Strength Indicator strategy 345 replies

Auslanco 15min GBP/JPY startegy 630 replies

My MT4 indicators for Auslanco's strategy 92 replies

Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies

Questions About Auslanco's Trades 72 replies

Attachments: Auslanco - GBP/JPY and GBP/USD (newstrade)
Exit Attachments

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

  • #68,761
  • Mar 16, 2008 6:30pm Mar 16, 2008 6:30pm
I'm pretty sure it is $2/share. Not only that, but the fed is giving JPMorgan 30 billion to do the deal.

Quote
The Fed will provide special financing to JPMorgan Chase in connection with the deal, JPMorgan Chase said. The central bank has agreed to fund up to $30 billion of Bear Stearns' less liquid assets.

This is going to be really, really bad
  • #68,762
  • Mar 16, 2008 6:31pm Mar 16, 2008 6:31pm
Quoting mktjong
I only do scalping, not long term

i c a strong R @ 199.70 am not sure price can pull up more ad if yes it will be a bull trend and the new target will be the pivot @ 201.69

Attached Image (click to enlarge)
Click to Enlarge Name: ch4.gif Size: 17 KB


this is my view
  • #68,763
  • Mar 16, 2008 6:36pm Mar 16, 2008 6:36pm
Considering BSC would have gone to zero on Monday, that's not a bad deal, haha.
  • #68,764
  • Mar 16, 2008 6:36pm Mar 16, 2008 6:36pm
23:32 AUD/USD: Pops Higher As Fed Moves Calm Markets For Now Sydney, March 17: The AUD has moved higher against the JPY and CHF in the past hour as the actions by the Fed have calmed an extremely nervous market for the time being. The Fed announced that they have approved the takeover of Bear Stearns by JP Morgan Chase and have cut the discount rate and created a new facility making it easier from primary dealers to access the discount window while broadening the investment grade paper they will accept as collateral.
The Fed action has given the market some confidence that they are pulling out all stops to rectify the accelerating credit crisis and not allowing the Bear Stearns drama to drag out, as the Northern Rock episode did.
Some analysts are sceptical that the news today is good news. While the Fed moves shows commitment, the reasons behind their actions on a Sunday night are frightening. Some feel that the situation within the financial/credit markets is deteriorating quickly and the Fed is running out of options. The AUD/USD trades 0.9442/47. [email protected]
  • #68,765
  • Mar 16, 2008 6:37pm Mar 16, 2008 6:37pm
Quoting JSmith
Considering BSC would have went to zero on Monday, that's not a bad deal, haha.
Their building in NY is worth 1.3 billion, and Morgan just bought them for 200 million.

Sub 195 on GJ by NY opening. Quite possibly my 175 by the end of the month.
  • #68,766
  • Mar 16, 2008 6:44pm Mar 16, 2008 6:44pm
Quoting markam
Their building in NY is worth 1.3 billion, and Morgan just bought them for 200 million.

Sub 195 on GJ by NY opening. Quite possibly my 175 by the end of the month.

excuse my ignorance markam...but how is this possible????? fed approved it as well.... what about the sahreholders????? how can a company be sold for pennies on the dollar like this???? i don't get it??? surely we are not seeing the whole picture here.....



also, could u explain the logic to me of rate cuts being intended to avoid inflation in the future (i am paraphrasing something i read) ...isn't this counterintuitive long term


regards



d


ps if there is someone in here looking to buy all the way up to 252 as i read in apost somehwere markam and i will be happy to sell to you lol
  • #68,767
  • Mar 16, 2008 6:45pm Mar 16, 2008 6:45pm
Quoting warta
i c a strong R @ 199.70 am not sure price can pull up more ad if yes it will be a bull trend and the new target will be the pivot @ 201.69

Attachment

this is my view
Good one, thanks
I am standing aside now. Still leaning towards long for scalping. I see level @200.50 and @201.15 are very possible target. Just my unreliable observation .. hehe
  • #68,768
  • Mar 16, 2008 6:46pm Mar 16, 2008 6:46pm
Quoting mktjong
Good one, thanks
I am standing aside now. Still leaning towards long for scalping. I see level @200.50 and @201.15 are very possible target. Just my unreliable observation .. hehe

lol everything possible with GJ
  • #68,769
  • Mar 16, 2008 6:50pm Mar 16, 2008 6:50pm
Quoting dagoods
excuse my ignorance markam...but how is this possible????? fed approved it as well.... what about the sahreholders????? how can a company be sold for pennies on the dollar like this???? i don't get it??? surely we are not seeing the whole picture here.....



also, could u explain the logic to me of rate cuts being intended to avoid inflation in the future (i am paraphrasing something i read) ...isn't this counterintuitive long term


regards



d


ps if there is someone in here looking to buy all the way up to 252 as i read in apost somehwere markam and i will be happy to sell to you lol
I am sure that lawsuits will be filed as soon as the market opens. I assume the answer is that they were going to file for bankrutpcy tomorrow, and the people holding $30 shares were going to have nothing.
  • #68,770
  • Mar 16, 2008 6:52pm Mar 16, 2008 6:52pm
Quoting dagoods
excuse my ignorance markam...but how is this possible????? fed approved it as well.... what about the sahreholders????? how can a company be sold for pennies on the dollar like this???? i don't get it??? surely we are not seeing the whole picture here.....



also, could u explain the logic to me of rate cuts being intended to avoid inflation in the future (i am paraphrasing something i read) ...isn't this counterintuitive long term


regards



d


ps if there is someone in here looking to buy all the way up to 252 as i read in apost somehwere markam and i will be happy to sell to you lol
Me too! =

Still short this one all the way down. . .
  • #68,771
  • Mar 16, 2008 6:54pm Mar 16, 2008 6:54pm
my weekly chart shows price sitting on the 400 sma (purple color)
Attached Image (click to enlarge)
Click to Enlarge Name: geppy weekly.gif Size: 23 KB
  • #68,772
  • Mar 16, 2008 6:55pm Mar 16, 2008 6:55pm
Quoting ovaforty
my weekly chart shows price sitting on the 44 sma (purple color)
Not for long. . .
  • #68,773
  • Mar 16, 2008 6:56pm Mar 16, 2008 6:56pm
Quoting quecee5
Me too! =

Still short this one all the way down. . .
Already taken 80 pips of profit off of someone since the announcement. Shooting for another 300.
  • #68,774
  • Mar 16, 2008 6:58pm Mar 16, 2008 6:58pm
Quoting markam
Already taken 80 pips of profit off of someone since the announcement. Shooting for another 300.
I took some profit off the table and will hold my other shorts for the tumble that will eventually happen, well as I write it's tanking again =
just waiting for UJ to break thru 98. . .
  • #68,775
  • Mar 16, 2008 6:58pm Mar 16, 2008 6:58pm
Quoting dagoods
excuse my ignorance markam...but how is this possible????? fed approved it as well.... what about the sahreholders????? how can a company be sold for pennies on the dollar like this???? i don't get it??? surely we are not seeing the whole picture here.....



also, could u explain the logic to me of rate cuts being intended to avoid inflation in the future (i am paraphrasing something i read) ...isn't this counterintuitive long term


regards



d
If I may I will try to clear some of this up for some of you.Bycutting rates now The fed is hoping to free up the financials markets and in turn the housing market.This will not happen immediately however. The last 1.25 cut will be seen starting in Q3.There is as of this moment a 100% chance of a .75 cut on Tuesday and 52% chance of a full 1%.....Sounds crazy right?Not so crazy This rate on Tuesday will also affect the econ also in Q3.How does this affect inflation it doesn't now but will starting in Q3....HoweverThis rate cut could and should help the housing market soon.There are tons of ARMS getting ready to reset this is what is putting the pressure on the financials and causing this mess,not solely but a large contributor.ARM (adjustible rate mortgages) rates are set off of the LIBOR rate.By cutting int rates LIBOR rates lower ARM rates lower keeping more people in thier houses lessening the pressure on the banks etc etc etcDoes this make sense??
  • #68,776
  • Mar 16, 2008 6:59pm Mar 16, 2008 6:59pm
Monthly chart shows my 100 sma at 195.95 (aqua color)
Attached Image (click to enlarge)
Click to Enlarge Name: geppy monthly.gif Size: 22 KB
  • #68,777
  • Mar 16, 2008 6:59pm Mar 16, 2008 6:59pm
wwwwwweeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee




he he


  • #68,778
  • Mar 16, 2008 6:59pm Mar 16, 2008 6:59pm
Quoting markam
Already taken 80 pips of profit off of someone since the announcement. Shooting for another 300.
Markam, aren't you a little wary of some sort of intervention? I figure Feds will cut rates by 100 bps (maybe more) to arrest the panic. I gout out when UJ was 99.20..a little cautious now though.
  • #68,779
  • Mar 16, 2008 7:00pm Mar 16, 2008 7:00pm
Quoting markam
Already taken 80 pips of profit off of someone since the announcement. Shooting for another 300.
whats ur view markam
  • #68,780
  • Mar 16, 2008 7:00pm Mar 16, 2008 7:00pm
It might stop at around 198.00 area for now.. I think
83 traders viewing now