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

  • #117,501
  • Sep 26, 2008 1:40pm Sep 26, 2008 1:40pm
Quoting Scrat
i think that was it for today. looking forward to the gap up @ sunday open...
I'm not confident the bailout will be done by Sunday open and I'm placing a small lot on short. I know it's like gambling. I made enough last weekend to buy dinner ;-). Pip Gambling...I love it.

B
  • #117,502
  • Sep 26, 2008 1:43pm Sep 26, 2008 1:43pm
Quoting Trader Neal
what does prisoners have to do with you? would you rather them cost the tax payer over $50 dollars a day per head? to me that seems like a waste of money. the right thing to do is set up factories inside of prison and make them work their keep. instead their in their playing cards, committing violent acts, and running crime rings at the cost of the tax payers. i hardly compare that to trading. why would you make such a comparison? curious because what you said makes no sense. i suppose your one of those put yourself in their shoes.. i personally am not a felon. when you trade you make that choice win or loose. so if you loose nobody stole that money from you.

it was a joke ...

I was pretending i was in prison and trading from a cell
Blogging daily now at www.volume.zone
  • #117,503
  • Sep 26, 2008 1:55pm Sep 26, 2008 1:55pm
Quoting malcolmb14
it was a joke ...

I was pretending i was in prison and trading from a cell
i know it's a joke but i'm serious. +$50 a head per prisoner per day. now that's a dam shame. basically it cost a laborers wage per day to house a prisoner. on top of that there is a record number of people in prison at the cost of tax payers. what a f'ing rip! we got to pay for that out of our earnings.

"More than one in 100 adults in the United States is in jail or prison, an all-time high that is costing state governments nearly $50 billion a year and the federal government $5 billion more, according to a report released yesterday."
full article

" Five states -- Vermont, Michigan, Oregon, Connecticut and Delaware -- now spend as much as or more on corrections as on higher education. Locally, Maryland is near the top, spending 74 cents on corrections for every dollar it spends on higher education. Virginia spends 60 cents on the dollar."
  • #117,504
  • Sep 26, 2008 1:58pm Sep 26, 2008 1:58pm
Quoting Trader Neal
i know it's a joke but i'm serious. +$50 a head per prisoner per day. now that's a dam shame. basically it cost a laborers wage per day to house a prisoner. on top of that there is a record number of people in prison at the cost of tax payers. what a f'ing rip! we got to pay for that out of our earnings.
I didn't know that would cost that much. That is more than I earned while I was in college :-)
  • #117,505
  • Sep 26, 2008 2:03pm Sep 26, 2008 2:03pm
anyone short?
  • #117,506
  • Sep 26, 2008 2:04pm Sep 26, 2008 2:04pm
This is what I read from msnbc.com news.
Quote: White House press secretary Dana Perino later said: “We don’t have any reason to believe that we can’t get it done by Monday.”

Gap up on Monday open (?) ..
  • #117,507
  • Sep 26, 2008 2:07pm Sep 26, 2008 2:07pm
Quoting mktjong
I didn't know that would cost that much. That is more than I earned while I was in college :-)
i couldn't believe it myself but you got to figure all the cost including food and the cost of the prisons themself and the electricity ect. in some prisons it's $100 a day per prisoner. you would think they would do something to cut cost way down but taxing is an industry itself.
  • #117,508
  • Sep 26, 2008 2:11pm Sep 26, 2008 2:11pm
that's about the ugliest pattern i've seen. it looks like a federal bailout sandwich pattern lol with all kinds of tax payer juice dripping off the sides..
  • #117,509
  • Sep 26, 2008 2:13pm Sep 26, 2008 2:13pm
Quoting Trader Neal
i couldn't believe it myself but you got to figure all the cost including food and the cost of the prisons themself and the electricity ect. in some prisons it's $100 a day per prisoner. you would think they would do something to cut cost way down but taxing is an industry itself.
Agreed. Just imagine the costs of running a prison.

You still have to feed and clothe them.
You have staff, which is probably one of the largest expenses
Insurance
Electric and gas
Education programs
Repairs and maintanance in what are some run down prisons.
I can go on and on....

B
  • #117,510
  • Sep 26, 2008 2:14pm Sep 26, 2008 2:14pm
Quoting Trader Neal
anyone short?
Looks like a broken flag at 10M
The market can stay irrational, longer than you can stay solvent.
  • #117,511
  • Sep 26, 2008 2:17pm Sep 26, 2008 2:17pm
Quoting bigcoupe
Agreed. Just imagine the costs of running a prison.

You still have to feed and clothe them.
You have staff, which is probably one of the largest expenses
Insurance
Electric and gas
Education programs
Repairs and maintanance in what are some run down prisons.
I can go on and on....

B
it just disgust me. i watched a few documentaries on it including one's on the various gangs. these people are in no way corrected.
  • #117,512
  • Edited 2:32pm Sep 26, 2008 2:18pm | Edited 2:32pm
Quoting bmvmx
Looks like a broken flag at 10M
i never trade flags but it looks bullish if you ask me on the 10.. especially if it starts to scallop up.

go to longer timeframes. you'll see the tasty bailout sandwich.
http://i162.photobucket.com/albums/t...uda/burger.jpg
http://www.aldenteblog.com/images/2008/06/13/burger.jpg
  • #117,513
  • Sep 26, 2008 2:18pm Sep 26, 2008 2:18pm
Quoting bigcoupe
I'm not confident the bailout will be done by Sunday open and I'm placing a small lot on short. I know it's like gambling. I made enough last weekend to buy dinner ;-). Pip Gambling...I love it.

B
good luck bigcoupe but i'll have a guess/punt and would say if there is a gap

it will be up im calling 197 sunday night will be interesting watching bloomberg

i hope all you guys have a good weekend time to rest

i wont be holding
  • #117,514
  • Sep 26, 2008 2:25pm Sep 26, 2008 2:25pm
the way i see it is it's setting higher highs and higher lows. if it gets though 197.40 could keep going to 200. otherwise it will likely trade in a congested range.
  • #117,515
  • Sep 26, 2008 2:27pm Sep 26, 2008 2:27pm
Quoting cohiba pips
good luck bigcoupe but i'll have a guess/punt and would say if there is a gap

it will be up im calling 197 sunday night will be interesting watching bloomberg

i hope all you guys have a good weekend time to rest

i wont be holding
Neither do I .. flat now .. waiting to see the drama unfolds
  • #117,516
  • Sep 26, 2008 2:39pm Sep 26, 2008 2:39pm
Quoting Trader Neal
that's about the ugliest pattern i've seen. it looks like a federal bailout sandwich pattern lol with all kinds of tax payer juice dripping off the sides..
good one.
  • #117,517
  • Sep 26, 2008 2:41pm Sep 26, 2008 2:41pm
Well that's what I have on my 1hr chart. I don't know what to call it
Attached Image (click to enlarge)
Click to Enlarge Name: GJ-092608-1535-1hr.jpg Size: 386 KB
Do not follow my trades. Trade what you see on your own charts.
  • #117,518
  • Sep 26, 2008 2:43pm Sep 26, 2008 2:43pm
Really flat market this days guys...
Good trading..
  • #117,519
  • Sep 26, 2008 2:45pm Sep 26, 2008 2:45pm
Quoting igmak
Well that's what I have on my 1hr chart. I don't know what to call it
Just call it MACD sandwich ..with rainbow fries
  • #117,520
  • Sep 26, 2008 3:02pm Sep 26, 2008 3:02pm
Quoting mktjong
Just call it MACD sandwich ..with rainbow fries

macd sandwich .....

like it .....

thjat YM took off as I mentioned earlier +200 off the open range high ....oil +$3 this afternoon ... someone said it is a flat market ?

going to be an interesting week next week..... 197 ? 190 ? who really knows. ... lol

have a great weekend everyone
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