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

  • #114,041
  • Sep 16, 2008 7:44am Sep 16, 2008 7:44am
Quoting karmostaji
More bad news on Wall Street

AIG, and now Goldman sachs has joined the list as well lol

Why would anyone want to go long GJ when there are such bad news coming out and lots of risk aversion in the market.

Go with the flow and don't try to be a superman lol
agreed............. More Bear beer party
  • #114,042
  • Sep 16, 2008 7:47am Sep 16, 2008 7:47am
Hi Gitt,

Trying to see what's happening to the news. London is fine - bit cloudy but at least it's not raining which is good. I'm just looking for easy pickings really. How's Florida and how have you been doing so far?


Quoting rgitt05
How's the weather in London?

This market is crazy...There is alot of bearish fundamental today..

I can't wait to hear what the Feds going to do!!!

The GJ is set to test the monthly trendline..

Good Luck..

rgitt05

  • #114,043
  • Sep 16, 2008 7:47am Sep 16, 2008 7:47am
Quoting lilmoe
186.20 was the level to sell at, we have a bear flag on 5m with a 200 pip poll... 183.80 is today's target i'm thinking... but anything's possible in today's crazy market.

or 123 setup ?
given that the hrly closed on the breakout lo, thinking just shake out fro strong push NORTH 189.50.
"Millionaires don't use astrology, billionaires do"
  • #114,044
  • Sep 16, 2008 7:58am Sep 16, 2008 7:58am
Quoting OrionsWay
or 123 setup ?
given that the hrly closed on the breakout lo, thinking just shake out fro strong push NORTH 189.50.
this is where u pick ur bet, either a bear flag or a 123... but candle stick formations on m5 support going down.
  • #114,045
  • Sep 16, 2008 7:59am Sep 16, 2008 7:59am
it's raining today...

I'm scapling now until the BIG NEWS or NY opening...

The NY market will make history again...

Stay tune...





Quoting Nardino
Hi Gitt,

Trying to see what's happening to the news. London is fine - bit cloudy but at least it's not raining which is good. I'm just looking for easy pickings really. How's Florida and how have you been doing so far?
[
  • #114,046
  • Sep 16, 2008 8:00am Sep 16, 2008 8:00am
Quoting karmostaji
We should see Selloff round 2 today in the DOW unless the Fed comes up with a plan out of this planet.
i am short and waiting for DOW to sell/gap down

Fed can do nothing for now except interest rates cut.
we have 5hrs to short. IMO. Hoe it plays out well.
  • #114,047
  • Sep 16, 2008 8:01am Sep 16, 2008 8:01am
Quoting lilmoe
this is where u pick ur bet, either a bear flag or a 123... but candle stick formations on m5 support going down.
Shorting rallies has been working all morning.
  • #114,048
  • Sep 16, 2008 8:03am Sep 16, 2008 8:03am
I prefer 187.20 or 189 as a sell lv.
It’s just emotions & money
  • #114,049
  • Sep 16, 2008 8:05am Sep 16, 2008 8:05am
someone correct me if i am wrong. isn't there a monthly gap at 198.20?
  • #114,050
  • Sep 16, 2008 8:08am Sep 16, 2008 8:08am
I believe your ex-girl friend,

Quoting Dr.Geppynius
the trend is your wife
the countertrend your girlfriend
  • #114,051
  • Sep 16, 2008 8:08am Sep 16, 2008 8:08am
that has got to be the worst Tic data in comparison to estimates i've ever seen.
  • #114,052
  • Sep 16, 2008 8:11am Sep 16, 2008 8:11am
DOW futures hits new lows. Waiting for DOW to open.

10am est right?
  • #114,053
  • Sep 16, 2008 8:12am Sep 16, 2008 8:12am
Treasury International Capital (TIC) Net Long-Term Transactions measures the monthly difference in cross-border foreign and domestic purchases of long-term securities (i.e., bonds with an original maturity longer than one year). For example, if foreigners purchased $100 billion in US securities, and the US purchased $30 billion in foreign securities, the net reading would be $70 billion. A rising trend has a positive effect on the nation's currency because foreigners must first convert their domestic currency before they can purchase the nation's assets. This can dramatically elevate currency demand. Traders watch this indicator closely as it provides several insights into international currency flows.

This is going to be a bloody mess today..

Black Tuesday possible..


Quoting Eulogy
that has got to be the worst Tic data in comparison to estimates i've ever seen.
[
  • #114,054
  • Sep 16, 2008 8:15am Sep 16, 2008 8:15am
we had Black Monday, now black Tuesday..

I'd go for Black Week
Trade what you see, not what you think.
  • #114,055
  • Sep 16, 2008 8:16am Sep 16, 2008 8:16am
The Fed has pre-announced that they will inject a larger than normal amount of liquidity at the daily repo at 9 am....The NY Fed has also announced that they stand ready to provide additional liquidity if necessary. Fed funds had been trading at 3%, but are back down at 2% target levels now. Overall, the additional liquidity operations should soothe raw nerves among banks, but a lot of hand holding still left to be done. In FX, the extra-liquidity measures may stabilize risk aversion and see JPY crosses improve from oversold levels.


The foreign investors are pulling out of the US dollar...

I don't think the feds should cut rates..

[
  • #114,056
  • Sep 16, 2008 8:17am Sep 16, 2008 8:17am
The feds are running out of money...

How are they going to get us out of this bloody mess?



Quoting karmostaji
we had Black Monday, now black Tuesday..

I'd go for Black Week
[
  • #114,057
  • Sep 16, 2008 8:19am Sep 16, 2008 8:19am
Quoting rgitt05
Treasury International Capital (TIC) Net Long-Term Transactions measures the monthly difference in cross-border foreign and domestic purchases of long-term securities (i.e., bonds with an original maturity longer than one year). For example, if foreigners purchased $100 billion in US securities, and the US purchased $30 billion in foreign securities, the net reading would be $70 billion. A rising trend has a positive effect on the nation's currency because foreigners must first convert their domestic currency before they can purchase the nation's assets. This can dramatically elevate currency demand. Traders watch this indicator closely as it provides several insights into international currency flows.

yea, but isn't that something already been done? or it's future contracts that foreigners must pay in the future?
  • #114,058
  • Sep 16, 2008 8:19am Sep 16, 2008 8:19am
176, Come to daddy
  • #114,059
  • Sep 16, 2008 8:21am Sep 16, 2008 8:21am
patience. 4hrs 40minutes more to hold short
  • #114,060
  • Sep 16, 2008 8:21am Sep 16, 2008 8:21am
Quoting rgitt05
The Fed has pre-announced that they will inject a larger than normal amount of liquidity at the daily repo at 9 am....The NY Fed has also announced that they stand ready to provide additional liquidity if necessary. Fed funds had been trading at 3%, but are back down at 2% target levels now. Overall, the additional liquidity operations should soothe raw nerves among banks, but a lot of hand holding still left to be done. In FX, the extra-liquidity measures may stabilize risk aversion and see JPY crosses improve from oversold levels.


The foreign investors are pulling out of the US dollar...

I don't think the feds should cut rates..

Injecting liquidity is an old trick, the big boys at Wall Street are tired of it, the Fed needs to come up with a creative plan or Wall Street is going to have a big crash.
Trade what you see, not what you think.
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