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

  • #117,021
  • Sep 24, 2008 12:37pm Sep 24, 2008 12:37pm
Quoting TraderStar
Yes I saw that, thanks I was happy with it.
I'll check out the book.

NO NO NO! why waste the money if you don't have to?

This is not a promotion as it is free, I've downloaded quite a bit of books from this site.

Go to www.4shared.com, then type in the author or other keywords and you'll be able to download the e book of it for free. Just save it to your computer and send me your 25 bucks or so lol
I dream, therefore I become.
  • #117,022
  • Sep 24, 2008 12:51pm Sep 24, 2008 12:51pm
that dip was a gift ..whenever you see soikes down like that for no reason and ym is still moving up it is manipulation ... I got in 196.10 long
Blogging daily now at www.volume.zone
  • #117,023
  • Sep 24, 2008 12:52pm Sep 24, 2008 12:52pm
SAN FRANCISCO (MarketWatch) -- President Bush is scheduled to give a nationally televised address on the financial crisis Wednesday night, the White House announced. Treasury Secretary Henry Paulson also has agreed to accept limits on pay packages for executives whose firms benefit from a proposed $700 billion bailout of the financial industry, the Associated Press reported


this should be interesting
Blogging daily now at www.volume.zone
  • #117,024
  • Sep 24, 2008 12:53pm Sep 24, 2008 12:53pm
Quoting malcolmb14
that dip was a gift ..whenever you see soikes down like that for no reason and ym is still moving up it is manipulation ... I got in 196.10 long
I'm with you on that boat Malcolm. Excellent stuff, you made me some money today. The 15 minute chart is going to close beautifully because of that. On a close of it and retrace, I'll add again to these shorter term positions. I feel almost excited to be trading again lol That's funny.
I dream, therefore I become.
  • #117,025
  • Sep 24, 2008 12:59pm Sep 24, 2008 12:59pm
Quoting malcolmb14
that dip was a gift ..whenever you see soikes down like that for no reason and ym is still moving up it is manipulation ... I got in 196.10 long
got in 196.08. The 5m rsi is broken now correct?
  • #117,026
  • Sep 24, 2008 1:01pm Sep 24, 2008 1:01pm
This hourly close is bearish in my book. For the shorter term, I would definitely be changing my stance to bearish, although my longer term outlook is still bullish until the weekly shows differently.

I'm going to go ahead and close out those shorter term longs I opened right now and focus on a better price when it comes around to me.
I dream, therefore I become.
  • #117,027
  • Sep 24, 2008 1:07pm Sep 24, 2008 1:07pm
Quoting mike w
This hourly close is bearish in my book. For the shorter term, I would definitely be changing my stance to bearish, although my longer term outlook is still bullish until the weekly shows differently.

I'm going to go ahead and close out those shorter term longs I opened right now and focus on a better price when it comes around to me.


went long on that spike ... but flat for now after taking 20 pips profit ...

196 may give way here ... trend is broken on 5 min
Blogging daily now at www.volume.zone
  • #117,028
  • Sep 24, 2008 1:07pm Sep 24, 2008 1:07pm
wow fairly nasty consolidation across the board on everything
"Millionaires don't use astrology, billionaires do"
  • #117,029
  • Sep 24, 2008 1:12pm Sep 24, 2008 1:12pm
Quoting malcolmb14
went long on that spike ... but flat for now after taking 20 pips profit ...

196 may give way here ... trend is broken on 5 min
This looks like heading to low 195 and then up again ..lol
  • #117,030
  • Sep 24, 2008 1:17pm Sep 24, 2008 1:17pm
stying the hell of the trade today. this isn't for me. way too confusing.
good luck everyone.
  • #117,031
  • Sep 24, 2008 1:21pm Sep 24, 2008 1:21pm
Quoting pkimnyc
stying the hell of the trade today. this isn't for me. way too confusing.
good luck everyone.


short 196.50 , cover 196 ,

long 196 , sell 196.50 .... seems ok to me ....lol
Blogging daily now at www.volume.zone
  • #117,032
  • Sep 24, 2008 1:26pm Sep 24, 2008 1:26pm
Quoting pkimnyc
stying the hell of the trade today. this isn't for me. way too confusing.
good luck everyone.

Ya, killer consolidation best play straddle the range and play the breakout, for it will be explosive which ever way they blast
"Millionaires don't use astrology, billionaires do"
  • #117,033
  • Sep 24, 2008 1:45pm Sep 24, 2008 1:45pm
15 min is in uptrend channel .... last test of 196 was also a test of the bottom of the channel .

safe entry for long as the YM held its open rnage low and bounced off it.

196 to 196.50 is range trade right now

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Blogging daily now at www.volume.zone
  • #117,034
  • Sep 24, 2008 1:45pm Sep 24, 2008 1:45pm
UJ is still a buy .. that why it's stuck ..
  • #117,035
  • Sep 24, 2008 1:47pm Sep 24, 2008 1:47pm
Bernanke is offering a clarification of his comments yesterday on the pricing of assets for purchase by Treasury. One central point he makes is that the big bid for distressed assets contemplated in the plan would reduce the liquidity premium on these assets, so that their prices would naturally rise. Even so, Treasury would not overpay, he is not advocating "overpaying" and would have a good chance of recouping most of its expenditure for these assets. Note, however, that Bernanke yesterday spoke of pricing closer to held-to-maturity prices, and of using auctions to recapitalize financial firms. Nothing he has said today contradicts those statements. Bernanke continues to refer to refer to auction at market prices as "punishment". 15:02 GMT - [EUROPEAN FX CLOSE] Another whippy session with the Dollar still struggling against a sea of risk aversion stemming from the crisis in the US. Euro struggling in the face of more soft data See page . 14:54 GMT - [SCHUMER OPENS Q&A] by pushing Bernanke to support Schumer's proposal to authorize funds for the Treasury asset purchase plan in parts, starting with $150 bln. Bernanke has been reluctant to answer decisively, and urges Schumer to take the issue up with Paulson. He does, however, say that to the extent the amount authorized is a signal of congressional commitment, dribs-and-drabs approach might be unhelpful. There is a long tradition of badgering Fed officials to support individual legislative proposals, so look for more of this today. Bernanke has been very stubborn through his time as Chairman in resisting such efforts.
  • #117,036
  • Sep 24, 2008 1:48pm Sep 24, 2008 1:48pm
After laying out a standard description of circumstances in which the Fed would and would not raise rates as the credit squeeze is resolve, Senator Brownback said he would think the Fed would not want to raise rates. Bernanke has mentioned the Fed's dual mandate as the guiding principle, but also said that in this period, stabilization is the 'sine qua non". Bernanke has essentially agreed with Brownback, without stepping outside of the FOMC's current policy outlook.
  • #117,037
  • Sep 24, 2008 1:51pm Sep 24, 2008 1:51pm
Financial markets were tense Wednesday, with stocks fluctuating following investor Warren Buffett's decision to invest $5 billion in Goldman Sachs Group Inc. The credit markets showed added strain as investors await news about the government's plan to rescue banks from crippling debt.
  • #117,038
  • Edited 2:20pm Sep 24, 2008 2:09pm | Edited 2:20pm
My thoughts....

Bush is going to talk tonight at 9:00 concerning the financial mess. He wouldnt call a press conference unless the deal is pretty much set to go with the AIG bailout.

Because of this, I expect a rally in the market. Not long term, but for the short term.

I'm currently buying dips in expectation for this.

We'll see how this plays out.

Please don't follow suit unless you agree....

Edit: I just read this:
SAN FRANCISCO (MarketWatch) -- President Bush is scheduled to give a nationally televised address on the financial crisis Wednesday night, the White House announced. Treasury Secretary Henry Paulson also has agreed to accept limits on pay packages for executives whose firms benefit from a proposed $700 billion bailout of the financial industry, the Associated Press reported.

B
  • #117,039
  • Sep 24, 2008 2:43pm Sep 24, 2008 2:43pm
Quoting bigcoupe
My thoughts....

Bush is going to talk tonight at 9:00 concerning the financial mess. He wouldnt call a press conference unless the deal is pretty much set to go with the AIG bailout.

Because of this, I expect a rally in the market. Not long term, but for the short term.

I'm currently buying dips in expectation for this.

We'll see how this plays out.

Please don't follow suit unless you agree....

Edit: I just read this:
SAN FRANCISCO (MarketWatch) -- President Bush is scheduled to give a nationally televised address on the financial crisis Wednesday night, the White House announced. Treasury Secretary Henry Paulson also has agreed to accept limits on pay packages for executives whose firms benefit from a proposed $700 billion bailout of the financial industry, the Associated Press reported.

B
I think so too but it probably will trend down first since treasuries closed in a very weak tone.
  • #117,040
  • Sep 24, 2008 2:57pm Sep 24, 2008 2:57pm
How can there be a bailout of these companies if they are being investigated by the FBI?
The Only Constant Is Change!
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