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

  • #79,041
  • May 7, 2008 3:13pm May 7, 2008 3:13pm
Quoting mktjong
woww .. I was away since this morning because of company meeting and came back now to see the price is below 205 ..geezz .. I was a bit fortunate again as I hedged it again this morning, even though the total is still losing on this trade but it's a lot better.
Hopefully now is the time to recoupe it .. come on Geppy push up ..
Bro Warta, where is your "Bull praying" picture .. I need it badly ..
Will come back later ..



may wall St save our accounts
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  • #79,042
  • May 7, 2008 3:15pm May 7, 2008 3:15pm
Quoting hussin naiji
8 pips for EJ
so for GJ ?? probably 25 pips
GJ is 8 too
Discipline + Patience - Fear - Greed = Success
  • #79,043
  • May 7, 2008 3:18pm May 7, 2008 3:18pm
Quoting warta
may wall St save our accounts
Attachment
poor fella..

OUT OF THE WAYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
the awaited moment!!!

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  • #79,044
  • May 7, 2008 3:19pm May 7, 2008 3:19pm
A few posts ago I had said the max DOW is going to reach is 13100/13200 and then will head back down to 11000 region. We might be on our way but I think we may see another push to those levels again but from the looks of it i dont think we are going to be able to make it those high levels again. However, we might again see another push up to 208/209 area once prices reaches 203.50 level once again. I think that's where the buyers are. Weekly is looking a bit shakey so who know's whats going on here. Very very difficult to trade in this range bound market
  • #79,045
  • May 7, 2008 3:23pm May 7, 2008 3:23pm
Quoting lilmoe
poor fella..

OUT OF THE WAYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
the awaited moment!!!

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LOL.
  • #79,046
  • May 7, 2008 3:26pm May 7, 2008 3:26pm
What have we here?
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Patience + Humility + Study = Success
  • #79,047
  • May 7, 2008 3:26pm May 7, 2008 3:26pm
Quoting DutchTrader
Read the news behind the news. What that tells me is that banks were in even deeper shit than they admitted, now theyr'e selling all their prime assets in order to adhere to these liquidity levels. Lets me know that they might sell more and retest some lower levels on the DJIA. Why would you panic sell if you have nothing to hide?

Yep, and its about time they let it all out.
Bear Sterns can't be the only one, iceberg effect, if there is one there is more beneath.
Bunch of crap anyway, should have let Bear crap itself, so much for free markets.

Article in Florida paper today, 13 banks in the state are in trouble because the assets they are foreclosing on are losing their ass. So be it, you take the risk and loan to people that can't pay, you suck it up and take the losses.

My girlfriend is (was) a mortgage broker and has horror stories about people that SHOULD NOT have gotten a mortgage getting one for houses that they could not afford. Banks didn't care then, but I bet they do now.

We need a good correction anyway.

  • #79,048
  • May 7, 2008 3:27pm May 7, 2008 3:27pm
203.50 is inevitable now
  • #79,049
  • May 7, 2008 3:28pm May 7, 2008 3:28pm
What can I say about today? "F**K-S**T-B**T**D!!-%%$$***!!!!! springs to mind.

Well I'm wondering if I should close all Longs that were built from this level on the way up. I may wait to see if 203.50 is breached first - risk is back in the market BIG TIME.

Banks have liquidated Stocks and Currency trades to bolster their own liquidity and this bitch is in freefall FFS. I think Major players have hit the sell button already and if we don't climb after touching mid 203 then I think we're going to 198 before anyone even thinks of buying.

BOE interest rate meeting tomorrow, so I'll see if this has already been MAJORLY overpriced into the market already. Our only saving grace for Longs IMHO is that rates stay on hold...U/J 4hr Candles look BAD for longs too...

I'm going to relax now with a LARGE glass (or 3) of wine and ponder my next move...may ditch longs before Asia..., On the other hand this could just be a knee jerk reaction... Anyone else still holding for Longs or am I the only person LOL, if so what do you think to this level we are at now???.

Cheers everyone

Shakes
  • #79,050
  • May 7, 2008 3:30pm May 7, 2008 3:30pm
Rustyy,

I knew a bunch of sweatshop mortgage types in Cali, friends of mine, they did a bunch of NINJA loans. Now, last i heard, they're all up shits creek. Subprime come home to roost. Let it burn I say. Smells like...

http://www.thecolonialtheater.org/Im...GGooseLogo.gif
Patience + Humility + Study = Success
  • #79,051
  • May 7, 2008 3:31pm May 7, 2008 3:31pm
Quoting DutchTrader
What have we here?


  • #79,052
  • May 7, 2008 3:33pm May 7, 2008 3:33pm
Quoting lilmoe
moe,

Is that UJ

http://www.cooper.edu/facilities/lib...ator_shaft.jpg
Patience + Humility + Study = Success
  • #79,053
  • May 7, 2008 3:37pm May 7, 2008 3:37pm


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  • #79,054
  • May 7, 2008 3:38pm May 7, 2008 3:38pm
jeez how did ya know?

Quoting DutchTrader
moe,

Is that UJ

http://www.cooper.edu/facilities/lib...ator_shaft.jpg
  • #79,055
  • May 7, 2008 3:42pm May 7, 2008 3:42pm
Quoting DutchTrader
Rustyy,

I knew a bunch of sweatshop mortgage types in Cali, friends of mine, they did a bunch of NINJA loans. Now, last i heard, they're all up shits creek. Subprime come home to roost. Let it burn I say. Smells like...

http://www.thecolonialtheater.org/Im...GGooseLogo.gif
DT,

Tastes like, looks like, must be ............ BS

Agreed,
I can't wait to buy waterfront on the West Coast of Florida for about 20cents on the dollar.

I just feel for the typical family(with kids) that is walking away from the homes that they can't afford to pay for anymore. Let the flippers take it on the chin, you gamble you pay the price or take the rewards.

You wouldn't believe the houses for sale here, entire streets of for sale signs.

But, geez, if you can't a mortgage, even with the assets and good credit who is supposed to buy them.

OK, my rant is done.

4HR bar open beneath 4HR 200 SMA, bearish as hell.

Asia already has sell buttons lit and ready to push.
They were a bit jittery last night. This will light the fire.

Good trading all !

  • #79,056
  • May 7, 2008 3:43pm May 7, 2008 3:43pm
if it's not 78.6 then it's always 88.6, damn levels...

Quoting lilmoe


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  • #79,057
  • May 7, 2008 3:45pm May 7, 2008 3:45pm
start to build more positons in this level.
  • #79,058
  • May 7, 2008 3:45pm May 7, 2008 3:45pm
Shaks, I am long too however not with big lots just small so not a big deal. However, what I think and this is just IMO that the buyers are down again at 203.50 level we should see one final bounce from there back to 208/209 level. yes if we close below 203.50 then its over. I highly doubt BOE going to cut tomorrow though their situation is bad but I think they are letting their previous cuts to take effect. Today's market tumble was unexpected we might see some recovery tomorrow. Hang in their dude but ofcourse if you are uncomfertable with the drawdown close it there will always be other opportunities but dont try to revenge trade.
  • #79,059
  • May 7, 2008 3:46pm May 7, 2008 3:46pm
closing my shorts on GU, bouncing of s3 level. good trading today

correction: MOST of my shorts

Quoting lilmoe
if it's not 78.6 then it's always 88.6, damn levels...
  • #79,060
  • May 7, 2008 3:53pm May 7, 2008 3:53pm
good thing i shorted at 205.45!! lol more pelvic thrusts!!
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