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

  • #112,641
  • Sep 11, 2008 9:29pm Sep 11, 2008 9:29pm
Quoting TraderStar
And also please define the timeframe you are talking about.

"I think all pairs are going up"
"I think all pairs are going down"

Both statements are correct .... at some point they will all go both up and down. But when? In a few minutes? hours? days? weeks?

We need more input from these 'predictive' posts.
I agree
The market can stay irrational, longer than you can stay solvent.
  • #112,642
  • Sep 11, 2008 9:32pm Sep 11, 2008 9:32pm
Quoting PJkiller
last time to enter coming up at bottom line 188.20 maybe penant about to burst soon!!!
What timeframe? Which way??
  • #112,643
  • Sep 11, 2008 9:37pm Sep 11, 2008 9:37pm
Quoting TraderStar
What timeframe? Which way??
Check this should be clear
Attached Image (click to enlarge)
Click to Enlarge Name: gj now.gif Size: 26 KB
Price does what price wants , I just need to be prepared.
  • #112,644
  • Sep 11, 2008 9:39pm Sep 11, 2008 9:39pm
Goldman Sachs has stated that it will not consider a bid for Lehmans unless there is a Federal backstop. Alot of other firms are saying their not interested. The million $ question is that will the Feds bail this one out after setting the precedent in Bear Stearns. Right now not only Lehmans but the Fed's are under alot of pressure. If they do bail out Lehmans they will be effectively opening there exposure to not only the $6 trillion of mortgage related debt from the FNM/FRE debacle but an additional $300 billion on the balance sheet of Lehmans all in the space of 7 days.

I don't care how deep the market is in the USA, investors and taxpayers will not be able to swallow a karmo patience pill the size of Kansas which takes 2 years to digest before this thing starts to recover
  • #112,645
  • Sep 11, 2008 9:39pm Sep 11, 2008 9:39pm
Quoting PJkiller
Check this should be clear
Broken Also in mine
The market can stay irrational, longer than you can stay solvent.
  • #112,646
  • Sep 11, 2008 9:45pm Sep 11, 2008 9:45pm
Quoting Eulogy
Goldman Sachs has stated that it will not consider a bid for Lehmans unless there is a Federal backstop. Alot of other firms are saying their not interested. The million $ question is that will the Feds bail this one out after setting the precedent in Bear Stearns. Right now not only Lehmans but the Fed's are under alot of pressure. If they do bail out Lehmans they will be effectively opening there exposure to not only the $6 trillion of mortgage related debt from the FNM/FRE debacle but an additional $300 billion on the balance sheet of Lehmans all in the space of 7 days.

I don't care how deep the market is in the USA, investors and taxpayers will not be able to swallow a karmo patience pill the size of Kansas which takes 2 years to digest before this thing starts to recover
LOL another 300bill is nothing when compared to the 6 trill the us just signed up for in the GSEs .. and lets not forget the 52 trill in promised social security and medicare benefits promised through 2030... 300bil isnt really enough to sway the market in tis case - IMHO.. plus a bail out will probably cause a short term break out up .. the real long term effects of this new usa socialism remain to be seen ..
  • #112,647
  • Sep 11, 2008 10:22pm Sep 11, 2008 10:22pm
Quoting PJkiller
Check this should be clear
We might be close to breaking out now, but the stochastic is pretty high, so it might take another dip first.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY - about to break out maybe.jpg Size: 393 KB
  • #112,648
  • Sep 11, 2008 10:27pm Sep 11, 2008 10:27pm
Quoting fxslinger
We might be close to breaking out now, but the stochastic is pretty high, so it might take another dip first.
really ridiculous to break bull penant and then just sit there.
Price does what price wants , I just need to be prepared.
  • #112,649
  • Sep 11, 2008 10:31pm Sep 11, 2008 10:31pm
Quoting PJkiller
really ridiculous to break bull penant and then just sit there.
patience grass hopper
Blogging daily now at www.volume.zone
  • #112,650
  • Sep 11, 2008 10:31pm Sep 11, 2008 10:31pm
Quoting malcolmb14
staying in long this time .. moving stop to +20 ..... smell breakout coming for 189

might be way off base but the trend line on rsi broke and price has yet to follow
here is 1
Blogging daily now at www.volume.zone
  • #112,651
  • Sep 11, 2008 10:32pm Sep 11, 2008 10:32pm
Quoting PJkiller
really ridiculous to break bull penant and then just sit there.
There's the breakout. Let's keep it going now.
  • #112,652
  • Sep 11, 2008 10:32pm Sep 11, 2008 10:32pm
Quoting malcolmb14
bullish pennant .. .these are typically continuation patterns when they break out and this one will be to upside

Attachment

here is 2 ... was told this was not a bullish pennant
Blogging daily now at www.volume.zone
  • #112,653
  • Sep 11, 2008 10:33pm Sep 11, 2008 10:33pm
Quoting PJkiller
really ridiculous to break bull penant and then just sit there.
fakeout perhaps
  • #112,654
  • Sep 11, 2008 10:35pm Sep 11, 2008 10:35pm
Quoting malcolmb14
here is 2 ... was told this was not a bullish pennant
What do you mean here is 2 Malcolmb
Price does what price wants , I just need to be prepared.
  • #112,655
  • Sep 11, 2008 10:38pm Sep 11, 2008 10:38pm
Quoting PJkiller
really ridiculous to break bull penant and then just sit there.
The trendline from last thursday that it just broke upwards through is more important than that short-term continuation pennant. It will probably need to come back down and test the trendline, and then continue upwards.
  • #112,656
  • Sep 11, 2008 10:38pm Sep 11, 2008 10:38pm
Quoting Eulogy
fakeout perhaps

you guys getting married to shorts ....

this UP trend has been going on for 12 hours....

as I mentioned earlier 187 breakout and short in trouble.....
not saying you are short ... but loads in their are getting married to the shorts .... we could retrace to 192 .. hell even 195 and still be in a bear flag on the daily.

50% fib retrace of move 195 to 186 is 191......that is 500 pips off todays lows
Blogging daily now at www.volume.zone
  • #112,657
  • Sep 11, 2008 10:42pm Sep 11, 2008 10:42pm
Quoting PJkiller
What do you mean here is 2 Malcolmb

2 posts from earlier explaining this .. was told

1) I see bearish pennant .. no bullish pennant
2) watch out trend is down ....

newer traders .... do not get brainwashed about the trend .... even on a 60 min the trend is up now

remember we could have a 1000 pip UP move and still be in a down trend on the daily . Nothing wrong with selling at 186 and if you are not comfortable going long then wait till there is a resumption of the downtrend on the 60 min

right now 14 crossed up thru 33 sma on 60 min ..there is NOTHING bearish about that.. I am looking forward to 190 / 191
Blogging daily now at www.volume.zone
  • #112,658
  • Sep 11, 2008 10:46pm Sep 11, 2008 10:46pm
Quoting malcolmb14
2 posts from earlier explaining this .. was told

1) I see bearish pennant .. no bullish pennant
2) watch out trend is down ....

newer traders .... do not get brainwashed about the trend .... even on a 60 min the trend is up now

remember we could have a 1000 pip UP move and still be in a down trend on the daily . Nothing wrong with selling at 186 and if you are not comfortable going long then wait till there is a resumption of the downtrend on the 60 min

right now 14 crossed up thru 33 sma on 60 min ..there is NOTHING bearish about that.. I am looking forward to 190 / 191
Oh I see new traders. That is funny stuff I am ready to hit some stop losses and burn through some 30-50 pip candles..
Price does what price wants , I just need to be prepared.
  • #112,659
  • Sep 11, 2008 10:47pm Sep 11, 2008 10:47pm
meter 7.8 red to 1.3 blue go baby
Price does what price wants , I just need to be prepared.
  • #112,660
  • Sep 11, 2008 10:48pm Sep 11, 2008 10:48pm
The way i see it ....

is that there are still alot of bears in this forum and hopefully they did not chase at 187 , go to 186 and not sell ....


this is a replay of last Friday ... all feds have to hint that they are bailing out Lehman and hello 195
Blogging daily now at www.volume.zone
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