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

  • #89,841
  • Jun 6, 2008 5:10am Jun 6, 2008 5:10am
broken confidence and free will.....

maybe my wife is in charge of the big banks.... hmmm
  • #89,842
  • Jun 6, 2008 5:16am Jun 6, 2008 5:16am
Alright, long GJ, EJ, and hoping for the best...
  • #89,843
  • Jun 6, 2008 5:16am Jun 6, 2008 5:16am
Quoting Evilgoat
broken confidence and free will.....

maybe my wife is in charge of the big banks.... hmmm


This is where I derived my theory from... My wife...
Que
  • #89,844
  • Jun 6, 2008 5:19am Jun 6, 2008 5:19am
Quoting gene22
Yes there is that possibility, especially if we surpass 210.50 on the daily and then weekly bases, 219 level or even 230 would be in sight, I would say that in that case it will simply leave me dumbfounded, but I'll trade it if the price gives an indication. Overall, fundamenatlly I do not see how the carry can go that far, but, on the other hand Fed had loaned so much money out that it has to create a few more bubbles, banks need to make money and since a lot of their capabilities since the subprime mess had been wiped out, they will pour it into something else, (so far commodities had been the target) in this case it could be the carry, but in the long term it would create an even bigger bubble. From the elliot wave persepective it could still go as high as 230 and still be a valid 4th wave to set up for the 5th wave drop, possibilities, possibilities. One thing is rather clear to me, time wize we will get a clear sign by the end of next week.
I cannot see how they will be able to keep the banking mess under wraps long enough to hit 230. I will be shorting at 213 and heavily at 217 if either of those come to pass. My belief, which I have held since the end of last year is that there would be a panic in the early part the year, which would probably be "recovered from"...then the market would return to "normal" over summer before finally having a big blow off sometime during mid to late summer or autumn...when this happens we will be seeing much lower than 192 in my opinion.

From a UK perspective, we are clearly in the beginning of a nasty recession, and this is going to put further pressure on the banks' positions as there are more defaults. There was some irrational exuberance during April and early May, but whilst the markets have been rising, builders and banks shares have been drifting back lower since mid May. They know d*mn well that the game is up, and once there is a loss of confidence in housing (for instance) we'll end up in a negative feedback loop that will show who is leveraged up to the eyeballs. A few of the banks here are clearly in major trouble, and the housing issue here has only just begun.
  • #89,845
  • Jun 6, 2008 5:19am Jun 6, 2008 5:19am
Quoting Que
You see, here is the thing...

The big banks read FF see.

They say damn they are on to us with the whole "Short" thing. Here is what we will do (Talking to eachother). We will screw with the retail traders for a good 4-5 hours, take a long lunch, go visit our misteresses, etc.. Then we will short this thing when we have broken all of there confidence and free will.....


Just a theory...

wuhaha, they are so infantile , let them play, they can, i dont care. As biatchy as the biatch. I bet nobody is revealing his real positions which matter in public here. How would they know it is not us who are busting them
Btw, no sl to be hunted for with me. no way to break my stubborness.
  • #89,846
  • Jun 6, 2008 5:21am Jun 6, 2008 5:21am
Quoting Clouds
Alright, long GJ, EJ, and hoping for the best...
Are you trading the 5m chart? you are long 5 mins, then the next 10 mins your short again.. then long again

LOL
Trade what you see, not what you think.
  • #89,847
  • Jun 6, 2008 5:23am Jun 6, 2008 5:23am
Quoting karmostaji
Are you trading the 5m chart? you are long 5 mins, then the next 10 mins your short again.. then long again

LOL
hehe yah i was confuesed too
  • #89,848
  • Jun 6, 2008 5:25am Jun 6, 2008 5:25am
Quoting karmostaji
Are you trading the 5m chart? you are long 5 mins, then the next 10 mins your short again.. then long again

LOL
It's one of my bad days
  • #89,849
  • Jun 6, 2008 5:26am Jun 6, 2008 5:26am
Quoting Clouds
It's one of my bad days
Take the day off and go enjoy your day

But honestly relax and stay calm.. your health is more imp
Trade what you see, not what you think.
  • #89,850
  • Jun 6, 2008 5:27am Jun 6, 2008 5:27am
I am 90% sure GU will be a short today.

I am 90% sure I have no clue where the UJ is headed.

I am 90% sure if I take my minimal profits on GJ, the next hour bar will colapse 50+ pips, pissing me off.

The only good thing is, I am 100% sure we only have Bush in office untill January...
Que
  • #89,851
  • Jun 6, 2008 5:29am Jun 6, 2008 5:29am
Quoting Que
I am 90% sure GU will be a short today.

I am 90% sure I have no clue where the UJ is headed.

I am 90% sure if I take my minimal profits on GJ, the next hour bar will colapse 50+ pips, pissing me off.

The only good thing is, I am 100% sure we only have Bush in office untill January...
It happens to everyone, just take a bit of time off and come back fresh

A break is necessary every once in a while..
Trade what you see, not what you think.
  • #89,852
  • Jun 6, 2008 5:30am Jun 6, 2008 5:30am
Quoting Que
I am 90% sure GU will be a short today.

I am 90% sure I have no clue where the UJ is headed.

I am 90% sure if I take my minimal profits on GJ, the next hour bar will colapse 50+ pips, pissing me off.

The only good thing is, I am 100% sure we only have Bush in office untill January...

Well being Canadian I can only hope that Obama will be as fun to make fun of as Bush is.
  • #89,853
  • Jun 6, 2008 5:30am Jun 6, 2008 5:30am
Quoting karmostaji
Are you trading the 5m chart? you are long 5 mins, then the next 10 mins your short again.. then long again

LOL
Who the hell trades the 5 minute charts???

Thats 4 Minutes to slow for me.....


*edit*
That was a joke by the way.
Que
  • #89,854
  • Jun 6, 2008 5:32am Jun 6, 2008 5:32am
nasty waiting, she isnt moving at all is she..
i bit the bullet and closed here, see ya at nfp time.
  • #89,855
  • Jun 6, 2008 5:33am Jun 6, 2008 5:33am
Quoting Que
Who the hell trades the 5 minute charts???

Thats 4 Minutes to slow for me.....


*edit*
That was a joke by the way.
LOL I dunno but Clouds seems to coz I see him posting long long then short short then long long then short short

It sounded like he's trading off the 5m chart
Trade what you see, not what you think.
  • #89,856
  • Jun 6, 2008 5:37am Jun 6, 2008 5:37am
Well, since we are just sitting here watching the rocks grow...

Anyone want to give me a 1K vote? If not thats cool too.
Que
  • #89,857
  • Jun 6, 2008 5:37am Jun 6, 2008 5:37am
Quoting karmostaji
LOL I dunno but Clouds seems to coz I see him posting long long then short short then long long then short short

It sounded like he's trading off the 5m chart
  • #89,858
  • Jun 6, 2008 5:46am Jun 6, 2008 5:46am
Go Geppy!
  • #89,859
  • Jun 6, 2008 5:47am Jun 6, 2008 5:47am
seems i went out right, musta known such weird things would happen when she wakes up while sleeping.
  • #89,860
  • Jun 6, 2008 5:48am Jun 6, 2008 5:48am
Today is NFP

If you have no experience with such a day, stay away or you'll get burnt badly with the beast
Trade what you see, not what you think.
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