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

  • #86,541
  • Jun 1, 2008 4:26pm Jun 1, 2008 4:26pm
call that 1 or A and 2 or B on 15m chart prolly 1-2 3 to come me hopes
"Millionaires don't use astrology, billionaires do"
  • #86,542
  • Jun 1, 2008 4:26pm Jun 1, 2008 4:26pm
[quote=malcolmb14;2030445]
Quoting Pip Dream


We have had a missive move down .... GBP driving the move. I have been searching for news out of the UK.

Reversal candle 5 min here

I think 400 pip drop overnight. I would NOT be going long
Maybe this ???

http://news.bbc.co.uk/2/hi/business/7429869.stm

and/or....see the bottom half of article for US involvement.

http://www.ft.com/cms/s/0/6a796c0e-2...077b07658.html
  • #86,543
  • Jun 1, 2008 4:26pm Jun 1, 2008 4:26pm
Bullish action now...
  • #86,544
  • Jun 1, 2008 4:29pm Jun 1, 2008 4:29pm
feel the wrath of my crapper
  • #86,545
  • Jun 1, 2008 4:31pm Jun 1, 2008 4:31pm
[quote=Rustyyy;2030452]
Quoting malcolmb14

Maybe this ???

http://news.bbc.co.uk/2/hi/business/7429869.stm

and/or....see the bottom half of article for US involvement.

http://www.ft.com/cms/s/0/6a796c0e-2...077b07658.html
That and the Tescos buying out a 50% stake in Royal Bank of Scotland ....

WHAT A GROCERY STORE BUYING HALF OF A NATIONAL BANK. WHAT THE HELL IS GOING ON ????
Blogging daily now at www.volume.zone
  • #86,546
  • Jun 1, 2008 4:33pm Jun 1, 2008 4:33pm
I'm going long above 208.35 and short below 207.70
  • #86,547
  • Jun 1, 2008 4:34pm Jun 1, 2008 4:34pm
[quote=malcolmb14;2030462]
Quoting Rustyyy

That and the Tescos buying out a 50% stake in Royal Bank of Scotland ....

WHAT A GROCERY STORE BUYING HALF OF A NATIONAL BANK. WHAT THE HELL IS GOING ON ????
sorry got deal wrong

here is story

http://business.timesonline.co.uk/to...cle4039876.ece
Blogging daily now at www.volume.zone
  • #86,548
  • Jun 1, 2008 4:36pm Jun 1, 2008 4:36pm
[quote=malcolmb14;2030462]
Quoting Rustyyy

That and the Tescos buying out a 50% stake in Royal Bank of Scotland ....

WHAT A GROCERY STORE BUYING HALF OF A NATIONAL BANK. WHAT THE HELL IS GOING ON ????
Tell you what I don't think we know 10% of what is really going on.

I can't find it now, but I had a chart of the banks excess funds for loaning, it was negative in excess of 50BILLION USD. I mean WTF, if they have no money how long can the Fed keep them up with the printing press ?

I will try to find and post.
  • #86,549
  • Jun 1, 2008 4:42pm Jun 1, 2008 4:42pm
Wuuu huuu .. just came back and checked the price ... gap down more than 100 pips .. but now it's come up a bit .. that's ok.. hope it's just a small retracement.
I think lilmoe, Malcolmb, Infinity, me, and those who shorts are gonna be rich soon
  • #86,550
  • Jun 1, 2008 4:43pm Jun 1, 2008 4:43pm
[quote=malcolmb14;2030445]
Quoting Pip Dream


We have had a missive move down .... GBP driving the move. I have been searching for news out of the UK.

Reversal candle 5 min here

I think 400 pip drop overnight. I would NOT be going long
Just trying to catch a few extra pips...won't be holding on for too long.
I don't think there is any major news coming out of the UK to be honest. I doubt Bradford & Bingley news would have much of an impact.
I can't imagine the price dropping much overnight. Looking at fundamental news, it seems the carry trade is strengthening and I am hoping we may be on our way up to 213 again over the week (news permitting).
BTW, I work for RBS (the bank you mentioned Tesco buying 50% of). They are in the process of a big big rights issue at the moment. That was news to me that Tesco's were buying a large stake...should be an interesting talking point at work tomorrow, Cheers!
  • #86,551
  • Jun 1, 2008 4:46pm Jun 1, 2008 4:46pm
Quoting mktjong
Wuuu huuu .. just came back and checked the price ... gap down more than 100 pips .. but now it's come up a bit .. that's ok.. hope it's just a small retracement.
I think lilmoe, Malcolmb, Infinity, me, and those who shorts are gonna be rich soon

I took some profit from the initial gap. Waiting to short again....
Patience + Discipline - Greed = Success
  • #86,552
  • Jun 1, 2008 4:47pm Jun 1, 2008 4:47pm
Dont know.....Very bullish pattern on 15 min...We could continue that fridays up movement soon...
  • #86,553
  • Jun 1, 2008 4:48pm Jun 1, 2008 4:48pm
Hi All,
Anyone thinks it might finally be the divergence correcting itself.
Just a thought
  • #86,554
  • Jun 1, 2008 4:48pm Jun 1, 2008 4:48pm
Recent Declines in Nonborrowed Reserves

The H.3 statistical release indicates that nonborrowed reserves of depository institutions have declined substantially since mid-December to a level that is now negative. This development reflects the provision of a large volume of reserves through the Term Auction Facility (TAF) and has no adverse implications for the availability of reserves to the banking system.
By definition, nonborrowed reserves are equal to total reserves minus borrowed reserves. Borrowed reserves are equal to credit extended through the Federal Reserve's regular discount window programs as well as credit extended through the TAF. To maintain a level of total reserves consistent with the Federal Open Market Committee's target federal funds rate, increases in borrowed reserves must generally be met by a commensurate decrease in nonborrowed reserves, which is accomplished through a reduction in the Federal Reserve's holdings of securities and other assets. The negative level of nonborrowed reserves is an arithmetic result of the fact that TAF borrowings are larger than total reserves.
  • #86,555
  • Jun 1, 2008 4:50pm Jun 1, 2008 4:50pm
Quoting Küster
Dont know.....Very bullish pattern on 15 min...We could continue that fridays up movement soon...
Gaps are filled 90% of the time. It may well retest 209.00/20 today or tomorrow.

Bless
Patience + Discipline - Greed = Success
  • #86,556
  • Jun 1, 2008 4:53pm Jun 1, 2008 4:53pm
Quoting mktjong
Wuuu huuu .. just came back and checked the price ... gap down more than 100 pips .. but now it's come up a bit .. that's ok.. hope it's just a small retracement.
I think lilmoe, Malcolmb, Infinity, me, and those who shorts are gonna be rich soon

  • #86,557
  • Jun 1, 2008 4:53pm Jun 1, 2008 4:53pm
Guess I should have shorted at 208.80 huh lilmoe...
Que
  • #86,558
  • Jun 1, 2008 4:54pm Jun 1, 2008 4:54pm
Quoting Infinity
Gaps are filled 90% of the time. It may well retest 209.00/20 today or tomorrow.

Bless
Might me all these shorts closing on Friday after it closed above 209 thus creating this gap...I unfortunately have to admit that I did!!!!and I am sure others bigger player than me did too....
  • #86,559
  • Jun 1, 2008 4:54pm Jun 1, 2008 4:54pm
Quoting Infinity
Gaps are filled 90% of the time. It may well retest 209.00/20 today or tomorrow.

Bless
arrh arrg .. may not be this time, the bearish divergence is just too severe .. I think.
  • #86,560
  • Jun 1, 2008 4:56pm Jun 1, 2008 4:56pm
I lilmoe...
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Que
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