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

  • #116,801
  • Sep 23, 2008 3:00pm Sep 23, 2008 3:00pm
I was still brooding over the H/S that Malcomb pointed out.
" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #116,802
  • Sep 23, 2008 3:01pm Sep 23, 2008 3:01pm
gbpaud may make nice little short here
Blogging daily now at www.volume.zone
  • #116,803
  • Sep 23, 2008 3:01pm Sep 23, 2008 3:01pm
Financials stocks went up after market close..

Inside information to me..

Warren Buffett's Berkshire Hathaway says it will invest $5 billion in Goldman Sachs.



Fear to the traders so the big wigs can buy the shares at a lower price..
[
  • #116,804
  • Sep 23, 2008 3:02pm Sep 23, 2008 3:02pm
I'd love to short 197 again. Moved long s/l to +50.


Quoting malcolmb14
goldman sach news made gj jump .... looking to short it higher ....
lets see what Tokyo open range brings ..

I see this as one of the news spikes....
" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #116,805
  • Sep 23, 2008 3:03pm Sep 23, 2008 3:03pm

Prepared by: FX Solutions, LLC Saddle River Executive Centre, One Route 17 South, Suite 260, Saddle River, NJ 07458

9/23/2008 5:52:59 PM


US STOCKS/BANKS: Goldman Sachs said it is raising at least US$7.5B by
selling stakes to Berkshire Hathaway and to the public (Bloomberg) with
Berkshire buying $5B in perpetual preferred stock and Goldman to raise
at least US$2.5B by selling common stock via a public offering; news
boosted Goldman shares in afterhours trading.
  • #116,806
  • Sep 23, 2008 3:03pm Sep 23, 2008 3:03pm
Quoting malcolmb14
gbpaud may make nice little short here

by the time I posted it dropped 100- pip ... my limit was filled. .... that thing moves fast
Blogging daily now at www.volume.zone
  • #116,807
  • Sep 23, 2008 3:04pm Sep 23, 2008 3:04pm
Quoting mktjong

Prepared by: FX Solutions, LLC Saddle River Executive Centre, One Route 17 South, Suite 260, Saddle River, NJ 07458



9/23/2008 5:52:59 PM


US STOCKS/BANKS: Goldman Sachs said it is raising at least US$7.5B by
selling stakes to Berkshire Hathaway and to the public (Bloomberg) with
Berkshire buying $5B in perpetual preferred stock and Goldman to raise
at least US$2.5B by selling common stock via a public offering; news
boosted Goldman shares in afterhours trading.



yes short 196...
Blogging daily now at www.volume.zone
  • #116,808
  • Sep 23, 2008 3:04pm Sep 23, 2008 3:04pm
Quoting malcolmb14
goldman sach news made gj jump .... looking to short it higher ....
lets see what Tokyo open range brings ..

I see this as one of the news spikes....
Hey Malcolm, I'm looking at the same scenario as yesterday. We got a reversal as a bullish pin on the eight hour followed by the confirmation bar. After that, this last move down was the retracement and so we'll see if she can break 197 this time or not. If my metatrader had 8 hour charts, I'd post em up but it doesn't. For the moment, I'm still bullish on this pair and waiting for a continuation upwards.

I've just moved my stops up to 194.80 which is nice after my trade yesterday based on the 8 hour pin bar and an earlier trade initiated at 194.
I dream, therefore I become.
  • #116,809
  • Sep 23, 2008 3:07pm Sep 23, 2008 3:07pm
Quoting malcolmb14
yes short 196...
It may still go a bit higher .. lol .. maybe 196.40 area .. then short ..
  • #116,810
  • Sep 23, 2008 3:09pm Sep 23, 2008 3:09pm
Quoting mike w
Hey Malcolm, I'm looking at the same scenario as yesterday. We got a reversal as a bullish pin on the eight hour followed by the confirmation bar. After that, this last move down was the retracement and so we'll see if she can break 197 this time or not. If my metatrader had 8 hour charts, I'd post em up but it doesn't. For the moment, I'm still bullish on this pair and waiting for a continuation upwards.

I've just moved my stops up to 194.80 which is nice after my trade yesterday based on the 8 hour pin bar and an earlier trade initiated at 194.

nice ....

but the bearish divergence 4 hour is still not broken .. so not 100% sure

and the futres did not move 1 point on that news....

I think we may just drift around this 196.5 to 194.5 area till they annouce bail out
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  • #116,811
  • Sep 23, 2008 3:09pm Sep 23, 2008 3:09pm
Quoting malcolmb14
by the time I posted it dropped 100- pip ... my limit was filled. .... that thing moves fast
Yes, also Eud/Aud .. they move fast .. sometimes faster than GJ
  • #116,812
  • Sep 23, 2008 3:11pm Sep 23, 2008 3:11pm
hello ppl...i think we should get some kind of decent move today...

oh baby..i'm still sure this move will take us to 200 level or so...however everytime i look at my charts the 204 level keeps staring me in the face...could it get there?....dunno baby...still watching and keeping my eye out
  • #116,813
  • Sep 23, 2008 3:12pm Sep 23, 2008 3:12pm
We have an IB on the daily, an indecisive 4 hour chart (with mixed pins for the last two bars), and the one hour closed as a bullish engulfment at 6 o clock.

The last 4 hour close on metatrader however is, IMO, trumping the last bearish 4 hour close and is posing a reversal for the bull side.

If we get a breakout on the daily IB to the upside, I'll be adding to the position again waiting for 199 and 200 to make their rounds.
Attached Image (click to enlarge)
Click to Enlarge Name: reversal.gif Size: 12 KB
I dream, therefore I become.
  • #116,814
  • Sep 23, 2008 3:13pm Sep 23, 2008 3:13pm
Quoting mktjong
It may still go a bit higher .. lol .. maybe 196.40 area .. then short ..
I got in 196.12 .. .that is ok for me ..... small position .. will add 2 more lots
on way down for sure

chart shows my prosposed entry on way down under the T30 line

195.90 sell stop order is place .... no come down no fill .... lol

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
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  • #116,815
  • Sep 23, 2008 3:14pm Sep 23, 2008 3:14pm
22:10 AUD/JPY: Surges On Berkshire Hathaway News Sydney, September 24: The AUD/JPY is surging higher after it was reported that Warren Buffet"s Berkshire Hathaway will invest 5 BLN USD in Goldman Sachs. Goldman shares have risen 8.4% in the after hours as a result of the news.
The news has resulted in AUD/JPY flying higher, as it has given investors much needed confidence after two days of rising investor risk aversion due to the dragging of proceedings in getting the Treasury bailout package passed. Traders say that the fact that a shrewd investor such as Warren Buffet is happy to bet that amount of money on the future of Goldman in this environment suggests that the financial sector is a safer place to swim than many feared despite the efforts of the US government to set things right.
The AUD/JPY is a key FX barometer of investor attitudes and it has soared from 87.50 to 88.50 in the last hour. [email protected]
  • #116,816
  • Sep 23, 2008 3:14pm Sep 23, 2008 3:14pm
Quoting Big Bruv
hello ppl...i think we should get some kind of decent move today...

oh baby..i'm still sure this move will take us to 200 level or so...however everytime i look at my charts the 204 level keeps staring me in the face...could it get there?....dunno baby...still watching and keeping my eye out
203 is the resistance area I've been keeping my eye on as price has stalled and reversed there quite a few times.
Attached Image (click to enlarge)
Click to Enlarge Name: two o three.gif Size: 12 KB
I dream, therefore I become.
  • #116,817
  • Sep 23, 2008 3:15pm Sep 23, 2008 3:15pm
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 17 KB
" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #116,818
  • Sep 23, 2008 3:16pm Sep 23, 2008 3:16pm
Quoting malcolmb14
I got in 196.12 .. .that is ok for me ..... small position .. will add 2 more lots
on way down for sure

chart shows my prosposed entry on way down under the T30 line

195.90 sell stop order is place .... no come down no fill .... lol

Attachment
Am I correct in thinking this is a shorter term position? Thanks in advance Malcolm.
I dream, therefore I become.
  • #116,819
  • Sep 23, 2008 3:17pm Sep 23, 2008 3:17pm
Quoting mike w
We have an IB on the daily, an indecisive 4 hour chart (with mixed pins for the last two bars), and the one hour closed as a bullish engulfment at 6 o clock.

The last 4 hour close on metatrader however is, IMO, trumping the last bearish 4 hour close and is posing a reversal for the bull side.

If we get a breakout on the daily IB to the upside, I'll be adding to the position again waiting for 199 and 200 to make their rounds.

not to put you off as i to think this is consolidation before next leg up .. but this bearish divergence on the 4 hour has yet to be broken

you may get another chance to add more short lower again

I would not bank on that breakout unless this bearish divergence is broken . Sometime these can break before price does , but when the rsi breaks that down trend line .. oh baby watch out bears

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  • #116,820
  • Sep 23, 2008 3:18pm Sep 23, 2008 3:18pm
Quoting malcolmb14
I got in 196.12 .. .that is ok for me ..... small position .. will add 2 more lots
on way down for sure

chart shows my prosposed entry on way down under the T30 line

195.90 sell stop order is place .... no come down no fill .... lol

Attachment
I would fully expect to see 195.90 being filled for your position. If nothing else, we should see a retracement from this last 90 pip move upwards for a solid 35 or so pips.
I dream, therefore I become.
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