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

  • #113,581
  • Sep 15, 2008 5:35pm Sep 15, 2008 5:35pm
Quoting OrionsWay
you know when things are at its complete worst like its lookin now that is what forms bottoms and professional money buys that fear like your representing. Money has been on the sidelines for a while now, just itching to go to work, just be careful
Orion, please don't drop a bomb and spoil the bear party .. thanks
  • #113,582
  • Sep 15, 2008 5:37pm Sep 15, 2008 5:37pm
Quoting mktjong
Orion, please don't drop a bomb and spoil the bear party .. thanks

hahaa just being mindful is all. Their psychology is opposite of retailers they buy weakness and sell strength
"Millionaires don't use astrology, billionaires do"
  • #113,583
  • Sep 15, 2008 5:39pm Sep 15, 2008 5:39pm
Quoting OrionsWay
you know when things are at its complete worst like its lookin now that is what forms bottoms and professional money buys that fear like your representing. Money has been on the sidelines for a while now, just itching to go to work, just be careful.
Big shark is laways swimming lookin for food, and when the minnows pool in one direction because of their psychology, market psychology has dinner
Although I still believe that there is still more down, I agree that everyone short needs to be heads up. These are very strange times...gaps not getting filled, Dow in massive losses not seen since the attack on 9/11, financial institutions that survived the depression declaring bankrupcy and don't for get, I think it was last November, that the world markets were tanking and the Fed came in with an emergency rate cut that I am sure blew some accounts out of the water...expect the unexpected!
The Only Constant Is Change!
  • #113,584
  • Sep 15, 2008 5:41pm Sep 15, 2008 5:41pm
Thanks for your feedback..

I don't believe we have a bottom yet because the asia market have not react to this bad news ...

There is alot of bias of thousand of experts saying in the past no housing bubble and now we are dealing with the crisis..

If it looks like a duck and quack likes a duck it probably a duck..

Professional are losing money also, so I don't believe everyone see it the same..If the professional money saw it the same than their wouldn't be a market to trade..

You be the judge ...

It's working for me and I'm making MONEY that alot of people are trying to make..

Good Luck

Quoting OrionsWay
you know when things are at its complete worst like its lookin now that is what forms bottoms and professional money buys that fear like your representing. Money has been on the sidelines for a while now, just itching to go to work, just be careful
[
  • #113,585
  • Sep 15, 2008 5:50pm Sep 15, 2008 5:50pm
Absolutely, not trying to sway anyone just be mindful,
"Millionaires don't use astrology, billionaires do"
  • #113,586
  • Sep 15, 2008 5:59pm Sep 15, 2008 5:59pm
Quoting forex_newguy
if the fed cuts the rates, will this thing go up or down?

If the fed cuts rates, GJ will not climb up... it will shoot to the upside.

Its becoz risk aversion decreases on lower interest rates which in turn props up the stock market. As the stock market rallies, UJ rallies. at the same time lower USD causes GBPusd to rally too.. thereby causing GJ to shoot up.


This is not just a theoritical explaination. I have been a spectator at each of the fed cuts in the last 1 year and have seen GJ movement during each cut. though the final route is to the upside, the path isnt straight. there will be lots of whipsawing and if u overleverage and not use proper money management, u will LOOSE ur account and have margin calls.

so trade carefully and dont place buy orders after it has moved up becoz it will come down again to same level in next 15 minutes as there will lot of volatility and lots of whipsawing. GL trading the FOMC mane.
  • #113,587
  • Sep 15, 2008 6:00pm Sep 15, 2008 6:00pm
Tell me when the last time the market dealt with this crisis...

Majority of the traders will reaction the same with this bad news is why the DJ dropped 500 points.

No one have control of FOREX...

The fundamental is bad...

The past history of experts said we are not going to have a housing bubble or internet bubble...

Guess what it happen when others are still in denial..

I like this market because their are people that see it different..

That is good for me ..I make more money..



Follow your feelings without facts will get you burnt..

The feds are exhausted with funds is why they can't bailout no more banks...

Opinions w/o facts will get you burnt...

Good Luck....






Quoting OrionsWay
Absolutely, not trying to sway anyone just be mindful, without a bid market rises lookin for offers, thats its entire function seek out bid and offers wherever they are plentiful, someone is on the other end of that selling, they can buy today and reallocate into other assets and unless marekt drops below the daily carry % they can hold on so at this point 4-5% down from here u may never see their sell orders and only if their sell orders add to the dominant order flow if that flow is down the selling will dry up
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  • #113,588
  • Sep 15, 2008 6:00pm Sep 15, 2008 6:00pm
I would chime in on being cautious. Things have nowhere to go but down, but I expect there are a few dead cats hanging around waiting to bounce.
  • #113,589
  • Sep 15, 2008 6:03pm Sep 15, 2008 6:03pm
new low now...



How low GJ will go..? I will ride it
  • #113,590
  • Sep 15, 2008 6:04pm Sep 15, 2008 6:04pm
The oil is down and DJ down ...No correlation


Fundamental is in control..

Their is alot of fear out their....

Good Luck..

Remember theories don't always work...



Quoting iksh
If the fed cuts rates, GJ will not climb up... it will shoot to the upside.

Its becoz risk aversion decreases on lower interest rates which in turn props up the stock market. As the stock market rallies, UJ rallies. at the same time lower USD causes GBPusd to rally too.. thereby causing GJ to shoot up.


This is not just a theoritical explaination. I have been a spectator at each of the fed cuts in the last 1 year and have seen GJ movement during each cut. though the final route is to the upside, the path isnt straight. there will be lots of whipsawing and if u overleverage and not use proper money management, u will LOOSE ur account and have margin calls.

so trade carefully and dont place buy orders after it has moved up becoz it will come down again to same level in next 15 minutes as there will lot of volatility and lots of whipsawing. GL trading the FOMC mane.
[
  • #113,591
  • Sep 15, 2008 6:10pm Sep 15, 2008 6:10pm
careful out there ... how comes the big move before Asia evens gets going ?

do not forget to move stops down and lock in those profits...
Blogging daily now at www.volume.zone
  • #113,592
  • Sep 15, 2008 6:12pm Sep 15, 2008 6:12pm
Quoting rgitt05
The oil is down and DJ down ...No correlation


Fundamental is in control..

Their is alot of fear out their....

Good Luck..

Remember theories don't always work...
Fundamentals are bearish
Technicals are bearish
what are u guys arguing about
  • #113,593
  • Sep 15, 2008 6:14pm Sep 15, 2008 6:14pm
I don't get it ..why are all the banks buying the $. Worsre crisis since 911 and the dollar just keeps getting stronger. Go figure
against the pound anywya
  • #113,594
  • Sep 15, 2008 6:15pm Sep 15, 2008 6:15pm
what u think guys about scalping NZDJPY bullish harmonic and old low
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  • #113,595
  • Sep 15, 2008 6:17pm Sep 15, 2008 6:17pm
ever hear of bear trap ...

look how easy it is to get all the bears in the cage .....

just something to be aware of .. rallies in this pair of late have been 900 pips
Blogging daily now at www.volume.zone
  • #113,596
  • Sep 15, 2008 6:17pm Sep 15, 2008 6:17pm
Quoting malcolmb14
I have no clue where this is going yet ... when it breaks 186 then i will agree 180 / 175 is on cards

I just trade her one day at a time ....
she is forming a bearish pennant on the 4 hour for now. So she may come down . However with dj down 500 today ( must be history) how comes the beast up off lows of day and closing with a wick on daily ? mmm ... interesting . I smell bear trap ....

I bet a low is in soon ... if they cut rates tomorrow watch gbpusd move fast ,.... much faster than uj will move down and the dj will spring back 400 points .. that is the kind of bs market we are dealing with here.

Lehman file for chapter 11 ... and the beast finishes with a 100 pip wick on the daily .... that does not seem that bearish to me. Also we did not even form a new low today

Lets see what gives in the next 48 hours before we assume she is on her way down ..... based on news and dj performance today she should have moved alot more to the downside.
your right let's see what's the next 48 hours hold for the beast.
I always knew that someday I would make it big
  • #113,597
  • Sep 15, 2008 6:20pm Sep 15, 2008 6:20pm
Quoting forexer
your right let's see what's the next 48 hours hold for the beast.

going to be, and right now is, very interesting

we could collapse or we could move up 500 pips , but either way it is going to be big
Blogging daily now at www.volume.zone
  • #113,598
  • Sep 15, 2008 6:22pm Sep 15, 2008 6:22pm
[quote=malcolmb14;2220705]ever hear of bear trap ...

look how easy it is to get all the bears in the cage .....

just something to be aware of .. rallies in this pair of late have been 900 pips


So u think its a trap and will turn bull..Just goes to show , just do the opposite of the obvious
  • #113,599
  • Sep 15, 2008 6:22pm Sep 15, 2008 6:22pm
Quoting malcolmb14
ever hear of bear trap ...

look how easy it is to get all the bears in the cage .....

just something to be aware of .. rallies in this pair of late have been 900 pips
Why fear bear trap when u got stop loss and trailing stops
  • #113,600
  • Sep 15, 2008 6:27pm Sep 15, 2008 6:27pm
Quoting ephisi
Why fear bear trap when u got stop loss and trailing stops

trust me .. some in this forum do not do that ..... just making sure they are aware

move the stops down as the trade works is always good
Blogging daily now at www.volume.zone
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