bloody Nasdaq resilient as ever
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #95,122
- Jun 18, 2008 10:56am Jun 18, 2008 10:56am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
I just took off some more of my cable long @96 before king speaks. He may say some shit that throws off the technicals....
- #95,124
- Jun 18, 2008 11:01am Jun 18, 2008 11:01am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
I just took off some more of my cable long @96 before king speaks. He may say some shit that throws off the technicals....
I just took off some more of my cable long @96 before king speaks. He may say some shit that throws off the technicals....
- #95,126
- Jun 18, 2008 11:02am Jun 18, 2008 11:02am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
quecee5, your comments are always appreciated and profitable
Thanks from my heart to you for all your effort to help us
Good luck in your trading today. . .
- #95,127
- Jun 18, 2008 11:04am Jun 18, 2008 11:04am
- Joined Aug 2007 | Status: Trader | 2,616 Posts
Q I am beginning to think we might not see the mid 212 area 1 hr is turning down but 4hr is still close to 50 so its a waiting game I guess Daily is inching towards crosing.
- #95,129
- Jun 18, 2008 11:10am Jun 18, 2008 11:10am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #95,130
- Jun 18, 2008 11:11am Jun 18, 2008 11:11am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Q I am beginning to think we might not see the mid 212 area 1 hr is turning down but 4hr is still close to 50 so its a waiting game I guess Daily is inching towards crosing.
Will be back in a bit, will try to count the waves to see where we are in this structure. . . I don't think we will see any big moves until 2morrow when US data is released so we may see ranging until then. . .
- #95,131
- Jun 18, 2008 11:13am Jun 18, 2008 11:13am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Don't you just wish these guys were mute or something....
The more they talk the more UJ drops which is fine by me - the Dumb and Dumber indicator. . .
- #95,132
- Jun 18, 2008 11:15am Jun 18, 2008 11:15am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
The more they talk the more UJ drops which is fine by me - the Dumb and Dumber indicator. . .
Patience + Discipline - Greed = Success
- #95,133
- Jun 18, 2008 11:16am Jun 18, 2008 11:16am
The more they talk the more UJ drops which is fine by me - the Dumb and Dumber indicator. . .
The more they talk the more UJ drops which is fine by me - the Dumb and Dumber indicator. . .
http://z.about.com/d/politicalhumor/...ush_turkey.jpg
- #95,136
- Jun 18, 2008 11:18am Jun 18, 2008 11:18am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
The top indicator chart shows two stochastic speeds and it is unusual (though not impossible) for the fast speed (blue) not to come back to the slow speed (red). It favours price to fall. Works most of the time but it's best to wait for the shorter time frames to confirm.
I live in Japan so a couple of observations.
I understand that the interest rate differentials favour a relatively weak Yen but that doesn't mean the Japanese economy is weak. They are great if you are buying a house
Exports are strong..more to Asia and Europe to compensate for less to the US ( they make most of the machinery that Asia needs to manufacture)..and the trade surplus is high. Products are made that the world wants to and or must buy. Savings are extremely high, unemployment low and most people feel pretty well off. There is very high energy efficiency and oil imports at just over 4 Million barrels/day are around 20% lower than they were in the 70's. Oil prices while a problem are not as serious as some might believe.
Kind of supports an arguement for a stronger Yen but as usual we should follow the charts.
Hope so .. hehee
- #95,137
- Jun 18, 2008 11:21am Jun 18, 2008 11:21am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
The more they talk the more UJ drops which is fine by me - the Dumb and Dumber indicator. . .
- #95,139
- Jun 18, 2008 11:24am Jun 18, 2008 11:24am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
He has to be one of the Dumbest presidents in history - WOW!
"Let's make sure that there is certainty during uncertain times in our economy." -- George W. Bush, Washington, D.C., June 2, 2008 (Whhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhat?/Huuuuuuuuuuuuuuuuuuuuuuuuuuuuh?)
"I'll be long gone before some smart person ever figures out what happened inside this Oval Office." --George W. Bush, Washington, D.C., May 12, 2008
(Whaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaat?/Huuuuuuuuuuuuuuuuuuh?)
- #95,140
- Jun 18, 2008 11:25am Jun 18, 2008 11:25am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Did they speak already or going to? I meant Dumb Dumb indicator ..