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

  • #121,501
  • Oct 12, 2008 4:34pm Oct 12, 2008 4:34pm
Short G/Y at market myself.

B
  • #121,502
  • Oct 12, 2008 4:39pm Oct 12, 2008 4:39pm
Quoting OrionsWay
. I ceased reporting these correlations between astrological factors and the candidate’s platforms because no matter what I reported, it would elicit several replies that were too personal.
orion, would you consider starting a separate thread for both this and related issues, to avoid annoying those who think "trading gy" should be confined to the price of a gy candlestick and very little else...? i mean really... new global rules for the markets, a bankrupt nation or three, the end of the world or even a quarter of it shouldn't actually factor in here that i can see...

it's not the tender sensitivities of the easily annoyed i'm thinking about, it'd just be easier to follow the flow of thought and conversation over time w/o constantly trying to sift it out of hundreds of posts. totally selfish motivation on my part.
FUBAR...
  • #121,503
  • Oct 12, 2008 4:41pm Oct 12, 2008 4:41pm
Quoting Scrat
lilmoe, about your previous analysis. i agree, but... i gave up a long time ago picking tops/bottoms. anyway, in this case i think like this: the trend is down until proven otherwise. so i'm thinking about shorting all rallies...
safest way to go

even if trend reverses, lows or higher lows have to be retested
  • #121,504
  • Oct 12, 2008 4:45pm Oct 12, 2008 4:45pm
Quoting dreed
YES, it is Karmo. Do you think its a retrace, or a major correction to the upside?
I still believe the bearish trend is not over
Trade what you see, not what you think.
  • #121,505
  • Oct 12, 2008 4:45pm Oct 12, 2008 4:45pm
Quoting markam
It is also possible we get a freeze on currency trading by the end of the week.
Predictions that have no basis shouldnt even be in this thread. In fact, I would like to see the numbers. I have a hard time believing our small trades are enough to move the currency. The banks buy 100's or 1,000's of lots at a time. We are but a minute portion of the currency trade.

Also, if the 5% of currency traders make money rule is true, the last 2 weeks has been a windfall for the brokers. Even if the number is at 20% over the last 2 weeks, they are still making a windfall.

Telling people that cuurency trading will be shut down soon is a bunch of BS.

Also, I belive you guys are wasting your time trying to pick a bottom. The bottom is going to be determined by fundimantals IMHO. Trade the trend...

The world as I see it,

B
  • #121,506
  • Oct 12, 2008 4:53pm Oct 12, 2008 4:53pm
Quoting ak4x
orion, would you consider starting a separate thread for both this and related issues, to avoid annoying those who think "trading gy" should be confined to the price of a gy candlestick and very little else...? i mean really... new global rules for the markets, a bankrupt nation or three, the end of the world or even a quarter of it shouldn't actually factor in here that i can see...

it's not the tender sensitivities of the easily annoyed i'm thinking about, it'd just be easier to follow the flow of thought and conversation over time w/o constantly trying to sift it out of hundreds of posts. totally selfish motivation on my part.
Sure, just posting in case someone may like to know why this is what it is, and for how long it will be like so and how one may participate within such a global conflict. But if you plan on going long do so short term or you will become a statistic. The course of man is written in the universe's influences before it manifests amungst the living. Since we are merely a by-product of such predetermined order and influences since the beginning!!!!!! Good luck mate
"Millionaires don't use astrology, billionaires do"
  • #121,507
  • Oct 12, 2008 4:56pm Oct 12, 2008 4:56pm
Quoting OrionsWay
Sure, just posting in case someone may like to know why this is what it is, and for how long it will be like so and how one may participate within such a global conflict. But if you plan on going long do so short term or you will become a statistic. The course of man is written in the universe's influences before it manifests amungst the living. Since we are merely a by-product of such predetermined order and influences since the beginning!!!!!! Good luck mate
I am with you, Orion
  • #121,508
  • Oct 12, 2008 4:56pm Oct 12, 2008 4:56pm
Hey all...I hope everyone had a great weekend. Because price was able to close below 168.96, it is going to 161.19.. My broker has not opened for the week to show the weekend data, but we could see a retrace up to 174.96 or possibly 179.95 before the fall.

Regards,

Scotty B
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  • #121,509
  • Oct 12, 2008 4:56pm Oct 12, 2008 4:56pm
Quoting bigcoupe
Predictions that have no basis shouldnt even be in this thread. In fact, I would like to see the numbers. I have a hard time believing our small trades are enough to move the currency. The banks buy 100's or 1,000's of lots at a time. We are but a minute portion of the currency trade.

Also, if the 5% of currency traders make money rule is true, the last 2 weeks has been a windfall for the brokers. Even if the number is at 20% over the last 2 weeks, they are still making a windfall.

Telling people that cuurency trading will be shut down soon is a bunch of BS.

Also, I belive you guys are wasting your time trying to pick a bottom. The bottom is going to be determined by fundimantals IMHO. Trade the trend...

The world as I see it,

B
this statement is proven false each time stated... fundies change in a matter of minutes to prove that TA was correct.
  • #121,510
  • Oct 12, 2008 5:01pm Oct 12, 2008 5:01pm
Buy yen...for now imvho, but watch out for an Asian sell off, cos everyone's buying.

Paulson still wants a weak dollar, despite his rhetoric, but devaluing a currency has never solved a nation's woes btw, and when the Japanese tried it they entered what they now call 'the lost decade'. The japanese stockmarket is still 80% off its highs, and right now there's nothing in the Fed's actions makes me think the Dow ain't headed that way.

Fundies for commodities are good and will drive the charge up.

Jim Rogers rocks http://uk.youtube.com/watch?v=V6ykXcrgDLo
Money & Pain Respect the market, protect your capital, be patient
  • #121,511
  • Oct 12, 2008 5:03pm Oct 12, 2008 5:03pm
my YM feed is on and i'm showing a rally of 300 pips from the first minute, and still going up.

here's a 1m chart for ya guys...

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  • #121,512
  • Oct 12, 2008 5:08pm Oct 12, 2008 5:08pm
Quoting toyboy tramp
Buy yen...for now imvho, but watch out for an Asian sell off, cos everyone's buying.

Paulson still wants a weak dollar, despite his rhetoric, but devaluing a currency has never solved a nation's woes btw, and when the Japanese tried it they entered what they now call 'the lost decade'. The japanese stockmarket is still 80% off its highs, and right now there's nothing in the Fed's actions makes me think the Dow ain't headed that way.

Fundies for commodities are good and will drive the charge up.

Jim Rogers rocks http://uk.youtube.com/watch?v=V6ykXcrgDLo
Trade what you see, not what you think.
  • #121,513
  • Oct 12, 2008 5:10pm Oct 12, 2008 5:10pm
Quoting lilmoe
this statement is proven false each time stated... fundies change in a matter of minutes to prove that TA was correct.
I ask that everybody who knows the bottom to post it. Here is the thread to post it at:
http://www.forexfactory.com/showthread.php?t=114302

The reason I say this as I compare it to many false prophets. They make a prediction so obscure that they can later be construed as prophesized.

The same happens when picking a bottom. The bottom comes and people come out of the word work saying "Yep, it bounced off the 38 fib of wave 2 of the greater wave 3, etc."

Please post your bottom on the thread and we'll see who is correct.

B
  • #121,514
  • Oct 12, 2008 5:16pm Oct 12, 2008 5:16pm
Quoting OrionsWay
Sure, just posting in case someone may like to know why this is what it is, and for how long it will be like so and how one may participate within such a global conflict. But if you plan on going long do so short term or you will become a statistic. The course of man is written in the universe's influences before it manifests amungst the living. Since we are merely a by-product of such predetermined order and influences since the beginning!!!!!! Good luck mate

I have read those last 2 sentence's somewhere before. Where did you obtain the quotes??????
  • #121,515
  • Oct 12, 2008 5:18pm Oct 12, 2008 5:18pm
Quoting Scotty B
Hey all...I hope everyone had a great weekend. Because price was able to close below 168.96, it is going to 161.19.. My broker has not opened for the week to show the weekend data, but we could see a retrace up to 174.96 or possibly 179.95 before the fall.

Regards,

Scotty B

scotty good to see you .... I agree 100% . 174 and 176 , 178 upside targets for me ....
Blogging daily now at www.volume.zone
  • #121,516
  • Oct 12, 2008 5:20pm Oct 12, 2008 5:20pm
It would likely close the gap this time .. placed shorts here.
  • #121,517
  • Oct 12, 2008 5:28pm Oct 12, 2008 5:28pm
gbp/yen trendline
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  • #121,518
  • Oct 12, 2008 5:29pm Oct 12, 2008 5:29pm
Quoting malcolmb14
scotty good to see you .... I agree 100% . 174 and 176 , 178 upside targets for me ....
Good to see some people agreeing to my thoughts as well.
charts posted in my earlier post. i think this may be start of the uptrend.

we ,as retail traders, should be accumtosed to change views depending on how the market sees it.

since asian markets closed, thin volumes can account for major moves here. so be careful.
  • #121,519
  • Oct 12, 2008 5:29pm Oct 12, 2008 5:29pm
If price remains below 4h gann, GJ will make a new low sooner than you expect
Trade what you see, not what you think.
  • #121,520
  • Oct 12, 2008 5:31pm Oct 12, 2008 5:31pm
wave A down looks complete.
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