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

  • #114,341
  • Sep 16, 2008 2:10pm Sep 16, 2008 2:10pm
Quoting malcolmb14
like a regular day on the YM hey lilmoe....
hey there

bro we're talking GJ here....

u think YM is wild? how about 2500 pips today on oil?!?!

been trading oil all day, but only managed a lousy 230 pips out of all these moves, now i'm long heading to 105
  • #114,342
  • Sep 16, 2008 2:11pm Sep 16, 2008 2:11pm
Quoting bunaser
the Target of 1.7740 was very precise
hopefully somebody benefited from this TA.
good luck
elliot wave is hard to pick up .... and i have heard it is a feel for the waves

very nice call
Blogging daily now at www.volume.zone
  • #114,343
  • Sep 16, 2008 2:12pm Sep 16, 2008 2:12pm
Quoting lilmoe
hey there

bro we're talking GJ here....

u think YM is wild? how about 2500 pips today on oil?!?!

been trading oil all day, but only managed a lousy 230 pips out of all these moves, now i'm long heading to 105

oil traded it this morning for $3 and then left it alone rest of day ... really wild lol
Blogging daily now at www.volume.zone
  • #114,344
  • Sep 16, 2008 2:12pm Sep 16, 2008 2:12pm
I'm holding a short @ 104 on U/J...I went in for a quick scalp, and am now -170 pips, this is bad trading, and I still do it.

The spike down on the news brought my loss down to -50 pips and not -100, but I didn't take it, telling myself price was coming back to the lower channel line at 103.

Now I had to exit a 3rd of the trade to stay in it as price went up, which was -50 pips, same as if I'd closed the position on the spike down.

If I had taken the loss on the news spike and gone long I would now be on the right side of price and would have recovered my losses and profited, and am kicking myself for not moving faster, and yes, panicking. I have a lot to learn about taking losses at the right time when they occur.

Bad trading I find, is a result of carelessness and often, being tired, my really good days are when I'm alert, energised, and ON IT, if you know what I mean.

And now, if it goes much higher I'm going to get killed..
Money & Pain Respect the market, protect your capital, be patient
  • #114,345
  • Sep 16, 2008 2:13pm Sep 16, 2008 2:13pm
Question: does a 4H price about Gann almost always signify that the 4H cycle will be completed in the same trend?
  • #114,346
  • Sep 16, 2008 2:13pm Sep 16, 2008 2:13pm
Quoting malcolmb14
oil traded it this morning for $3 and then left it alone rest of day ... really wild lol
...and this with talk (on the wires) of Iran rampantly pursuing its nuclear capabilities...Go figure
  • #114,347
  • Sep 16, 2008 2:14pm Sep 16, 2008 2:14pm
"The major indices rebound after Bloomberg.com reports its sources said the Fed is reconsidering its stance on helping AIG (AIG 5.09, +0.33), and the company may get a loan package from the Federal Reserve". So lets see who's next in line for FED's help. Wachovia? Regional Banks? Fed's keep on bailing out these idiots maybe they should bail me out too i am late in my mortage payment cause I don't have any $ doe left all my doe went on spending on food and gas.
  • #114,348
  • Sep 16, 2008 2:17pm Sep 16, 2008 2:17pm
Quoting vinesh2
"The major indices rebound after Bloomberg.com reports its sources said the Fed is reconsidering its stance on helping AIG (AIG 5.09, +0.33), and the company may get a loan package from the Federal Reserve". So lets see who's next in line for FED's help. Wachovia? Regional Banks? Fed's keep on bailing out these idiots maybe they should bail me out too i am late in my mortage payment cause I don't have any $ doe left all my doe went on spending on food and gas.
I DO sympathize
  • #114,349
  • Sep 16, 2008 2:22pm Sep 16, 2008 2:22pm
Can someone explain the strategy used here?

thanks in advance
  • #114,350
  • Sep 16, 2008 2:23pm Sep 16, 2008 2:23pm
Quoting psneto
Can someone explain the strategy used here?

thanks in advance
that's a long story.....


gotta go folks

good trading today
  • #114,351
  • Sep 16, 2008 2:24pm Sep 16, 2008 2:24pm
Quoting vinesh2
"The major indices rebound after Bloomberg.com reports its sources said the Fed is reconsidering its stance on helping AIG (AIG 5.09, +0.33), and the company may get a loan package from the Federal Reserve". So lets see who's next in line for FED's help. Wachovia? Regional Banks? Fed's keep on bailing out these idiots maybe they should bail me out too i am late in my mortage payment cause I don't have any $ doe left all my doe went on spending on food and gas.
Let's not forget that it is the taxpayers paying for the bailout. A piece of every one of your hard earned pips goes into the money pit.
  • #114,352
  • Sep 16, 2008 2:29pm Sep 16, 2008 2:29pm
Lilmoe sell teh W buy the M in QM
"Millionaires don't use astrology, billionaires do"
  • #114,353
  • Sep 16, 2008 2:33pm Sep 16, 2008 2:33pm
Just in case anyone hasn't heard what the news was that caused the spike up...

I placed an asymmetric bet on the DOW as per my discussion with Malcom14 on Monday just before the news (I could put a guaranteed stop at 20pts above my entry.) That turned out rather nicely and I closed before the minor rebound as almost always happens after this news...decided to call it a night and went downstairs to watch Bloomberg.

This is where is gets interesting. Senator Shelby from Alabama was being interviewed on Bloomberg...and he was incensed after his conversation with Paulson. Implicit in the conversation was that AIG was going to be bailed out. Initially he refused to say what Paulson had said to him, but as the interview went on it became accepted that this is what had been said. I ran to my computer and placed a long. As the interview went on up and up went the DOW (and everything else), with just a tiny lag between his "inadvertent" revelations and confirmation of the conversation that had been had.

The timing of this interview was no accident.

All of this raises the question...was Shelby truly incensed and had been set up to be the voice to get the message out (with suitably dour tones)...or was he a conscious willing participant? I sort of believe the former, but never underestimate someone just because they have a southern drawl...

If I hadn't been watching Bloomberg, this spike upwards after the drop on the rate news, would have left me absolutely perplexed...but there was a good reason for it.

So, the market is manipulated...but not by the traders in this instance. The more I think about it, the more I believe that last weekend was chosen for these events to play out because of the Asian holiday on Monday.
  • #114,354
  • Sep 16, 2008 2:33pm Sep 16, 2008 2:33pm
here... i wonder why nobody wanted to help them BEFORE filing for bankruptcy.

"JPMorgan Gave Lehman $138 Billion After Bankruptcy (Update1)
By Tiffany Kary and Chris Scinta
Sept. 16 (Bloomberg) -- Lehman Brothers Holdings Inc., the securities firm that filed the biggest bankruptcy in history yesterday, was advanced $138 billion this week by JPMorgan Chase & Co. to settle Lehman trades and keep financial markets stable, according to a court filing.
One advance of $87 billion was made on Sept. 15 after the pre-dawn filing, and another of $51 billion was made the following day, according to a bankruptcy court documents posted today. Both were made to settle securities transactions with customers of Lehman and its clearance parties, the filings said.
The advances were necessary ``to avoid a disruption of the financial markets,'' Lehman said in the filing.
The first advance was repaid by the Federal Reserve Bank of New York, Lehman said. The bank didn't say if the second amount was repaid. Both advances were ``guaranteed by Lehman'' through collateral of the firm's holding company, the filing said. The advances were made at the request of Lehman and the Federal Reserve, according to the filing.
Lehman disclosed the advances in a motion seeking court permission to give JPMorgan's claims special status in its attempts to recover any advances. Lehman said that if that status isn't granted, JPMorgan may not be able to make future advances needed to clear and settle trades.
``The granting of the relief requested is in the best interests of the estate and its stakeholders and the public markets,'' Lehman said, adding the advances would be ``essential to Lehman's customers.''
JPMorgan may make future advances at its sole discretion, all of which would be guaranteed by Lehman under its agreement to pledge collateral, Lehman said.
JPMorgan said in a statement in court documents that it has had a clearing agreement with Lehman since June 2000, and had pledged its collateral under an Aug. 26 guarantee.
JPMorgan lawyer Harold Novikoff and JPMorgan spokesman Brian Marchiony didn't immediately return calls for comment.
The case is In re Lehman Brothers Holdings Inc., 08-13555, U.S. Bankruptcy Court, Southern District of New York (Manhattan).
To contact the reporter on this story: Christopher Scinta in New York bankruptcy court at [email protected] and; Tiffany Kary in New York bankruptcy court at [email protected]."
Nihil Sine Deo.
  • #114,355
  • Sep 16, 2008 2:36pm Sep 16, 2008 2:36pm
Anybody else in negative swap? I'm on FXCM and they announced that all positions may experience neg swap. I see that Geppy is neg long and short.

The first time in a long time I was going to collect interest and I'm going to have to pay.

B
  • #114,356
  • Sep 16, 2008 2:37pm Sep 16, 2008 2:37pm
Still short biased, I don't see any reason to be bullish in Nzd/Jpy
Patience + Humility + Study = Success
  • #114,357
  • Sep 16, 2008 2:40pm Sep 16, 2008 2:40pm
Quoting bigcoupe
Anybody else in negative swap? I'm on FXCM and they announced that all positions may experience neg swap. I see that Geppy is neg long and short.

The first time in a long time I was going to collect interest and I'm going to have to pay.

B

hahaa just cant catch a break from that BS huh. I hate the swap even if long its only a few pips unless u accumulate many days worth who cares
"Millionaires don't use astrology, billionaires do"
  • #114,358
  • Sep 16, 2008 2:42pm Sep 16, 2008 2:42pm
there is so much volatility in GJ ,GU and UJ that it is yo-yo ing even faster than a prostitute's hand.

So i have those alone for the moment and playing it safe trading NZDUSD. even the moment is slower it is surely going in my favour at the moment. It Just hit the descening upper trand line and the daily pivot at .6611.

Since the rates werent lowered, it is surely gonna make USD stronger which plays nicely with my NZDUSD short. wish i had gone Aussie short too.

Also bear in mind that NZD GDP is coming out . not sure when this week or next week.
  • #114,359
  • Sep 16, 2008 2:46pm Sep 16, 2008 2:46pm
Quoting bigcoupe
Anybody else in negative swap? I'm on FXCM and they announced that all positions may experience neg swap. I see that Geppy is neg long and short.

The first time in a long time I was going to collect interest and I'm going to have to pay.

B

Thats some BS, i just checked its negative long and short, they can't do that. Guess its time to find a new broker.
  • #114,360
  • Sep 16, 2008 2:49pm Sep 16, 2008 2:49pm
Some people knew about this and short this company..

This market can never have secrets when it comes to money..



Quoting Scrat
here... i wonder why nobody wanted to help them BEFORE filing for bankruptcy.

"JPMorgan Gave Lehman $138 Billion After Bankruptcy (Update1)
By Tiffany Kary and Chris Scinta
Sept. 16 (Bloomberg) -- Lehman Brothers Holdings Inc., the securities firm that filed the biggest bankruptcy in history yesterday, was advanced $138 billion this week by JPMorgan Chase & Co. to settle Lehman trades and keep financial markets stable, according to a court filing.
One advance of $87 billion was made on Sept. 15 after the pre-dawn filing, and another of $51 billion was made the following day, according to a bankruptcy court documents posted today. Both were made to settle securities transactions with customers of Lehman and its clearance parties, the filings said.
The advances were necessary ``to avoid a disruption of the financial markets,'' Lehman said in the filing.
The first advance was repaid by the Federal Reserve Bank of New York, Lehman said. The bank didn't say if the second amount was repaid. Both advances were ``guaranteed by Lehman'' through collateral of the firm's holding company, the filing said. The advances were made at the request of Lehman and the Federal Reserve, according to the filing.
Lehman disclosed the advances in a motion seeking court permission to give JPMorgan's claims special status in its attempts to recover any advances. Lehman said that if that status isn't granted, JPMorgan may not be able to make future advances needed to clear and settle trades.
``The granting of the relief requested is in the best interests of the estate and its stakeholders and the public markets,'' Lehman said, adding the advances would be ``essential to Lehman's customers.''
JPMorgan may make future advances at its sole discretion, all of which would be guaranteed by Lehman under its agreement to pledge collateral, Lehman said.
JPMorgan said in a statement in court documents that it has had a clearing agreement with Lehman since June 2000, and had pledged its collateral under an Aug. 26 guarantee.
JPMorgan lawyer Harold Novikoff and JPMorgan spokesman Brian Marchiony didn't immediately return calls for comment.
The case is In re Lehman Brothers Holdings Inc., 08-13555, U.S. Bankruptcy Court, Southern District of New York (Manhattan).
To contact the reporter on this story: Christopher Scinta in New York bankruptcy court at [email protected] and; Tiffany Kary in New York bankruptcy court at [email protected]."
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