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

  • #121,541
  • Oct 12, 2008 6:32pm Oct 12, 2008 6:32pm
Quoting lilmoe
it would be nice to short the upper TL looks like we're heading there again ATM...

there is one funny thing by the way, and that is each time we get a "too good to be true pattern" as such, i would think that they're trying to fool us into a bad trade so that patter could be broken and us losing, but it amazes me how easy the market is going lately.... funny right?

i might try going long on the lower TL.
Trade what you see, not what you think.
  • #121,542
  • Oct 12, 2008 6:38pm Oct 12, 2008 6:38pm
Quoting Serendipity
another wave DOWN you mean? if so vix comes down dow goes up?

yea im sure they will rally, Vix never been so hi i dont think before. Massive volatility north we had. down to sideways to sideways then get killed once again or W5 could be truncated . It will all take time to work itself out. Expect ALOT OF CHOP.

This aint over by no means imo. They can pull the floor out anytime they want, i think though they will like to take new money away from new positions

Another insight maybe could be the revaluing of china, this would cause strong Yen, ending the LT cycle of Yen deflation inducing inflation. The Yen carry could be finished forever. ? is what will take its place AUD, NZD Perhaps its time for them to deflate


We could see yen around 66 if correct
"Millionaires don't use astrology, billionaires do"
  • #121,543
  • Oct 12, 2008 6:42pm Oct 12, 2008 6:42pm
If you have difficulty understanding the current world financial situation, the following should help...

Once upon a time in a village in somewhere, a man announced to the villagers that he would buy monkeys for $10.

The villagers seeing there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10, but, as the supply started to diminish, the villagers stopped their efforts. The man further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started going back to their farms. The offer rate increased to $25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now act as
buyer, on his behalf.

In the absence of the man, the assistant told the villagers: 'Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when he returns from the city, you can sell them back to him for $50.'

The villagers squeezed together their savings and bought all the monkeys.

Then they never saw the man or his assistant again, only monkeys everywhere!

Welcome to WALL STREET.
  • #121,544
  • Oct 12, 2008 6:43pm Oct 12, 2008 6:43pm
Quoting karmostaji
yea it is kinda boring.
  • #121,545
  • Oct 12, 2008 6:47pm Oct 12, 2008 6:47pm
Quoting mktjong
If you have difficulty understanding the current world financial situation, the following should help...

Once upon a time in a village in somewhere, a man announced to the villagers that he would buy monkeys for $10.


Welcome to WALL STREET.
Good Example.
  • #121,546
  • Oct 12, 2008 6:52pm Oct 12, 2008 6:52pm
i disagree. we are not trying to predict (well at least me ), we are taking a calculated risk based on a certain pattern... with a certain probability.

Quoting lilmoe
i disagree with you about this being a contest... but we're all just TRYING to predict. ...
Nihil Sine Deo.
  • #121,547
  • Oct 12, 2008 6:53pm Oct 12, 2008 6:53pm
Quoting Scrat
i disagree. we are not trying to predict (well at least me ), we are taking a calculated risk based on a certain pattern... with a certain probability.


no,

we're trying to make money
  • #121,548
  • Oct 12, 2008 6:54pm Oct 12, 2008 6:54pm
looks like 172 was all the retrace we've got;

in lack of Tokyo, and with general positive tone in the news I expect a consolidation around 173 ahead London open;
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #121,549
  • Oct 12, 2008 6:56pm Oct 12, 2008 6:56pm
seems to attack the upper H1 trendline right now
:-anything
  • #121,550
  • Oct 12, 2008 7:12pm Oct 12, 2008 7:12pm
Quoting tritom
seems to attack the upper H1 trendline right now
I am expecting it to trade down to high of 170 area before a reversal IF it reverses. Risk aversion is still very high and dominant.
  • #121,551
  • Oct 12, 2008 7:15pm Oct 12, 2008 7:15pm
Quoting lilmoe
yea it is kinda boring.

lol boring .... you guys way to used to 1200 pip days ..... already got 220 in bag on gj .. buying the dips to 172 / 172.2 area , closing for 40 - 50 a time right now till 172 breaks
Blogging daily now at www.volume.zone
  • #121,552
  • Oct 12, 2008 7:25pm Oct 12, 2008 7:25pm
Looks like Soros still got it, better timing than Buffet

Quote
WASHINGTON, Oct 12 (Reuters) - Billionaire investor George Soros welcomed on Sunday a bank rescue package from euro zone leaders and said financial markets, although in panic, could turn around
....
"I am not sure reason will prevail, but it ought to and then the peak of the panic would have been on Friday," Soros said.
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #121,553
  • Oct 12, 2008 7:31pm Oct 12, 2008 7:31pm
Quoting mktjong
I am expecting it to trade down to high of 170 area before a reversal IF it reverses. Risk aversion is still very high and dominant.
i'm expecting it to reach 169.90 first then reverse from there, and if it does, we should hit 175 today and reversing back from there again.... maybe..
  • #121,554
  • Oct 12, 2008 7:41pm Oct 12, 2008 7:41pm
Quoting malcolmb14
lol boring .... you guys way to used to 1200 pip days ..... already got 220 in bag on gj .. buying the dips to 172 / 172.2 area , closing for 40 - 50 a time right now till 172 breaks
50 on GJ so far, and 100 on gbp/aud, lol, i'm jealous, i'll start trading that sucker. long at .5220, closed half for 100, added another at 5270 risking 50 pips of those 100 i made...

edit: i'm still short GJ at 173.02 targeting 169.70, after closing 1/3 for 50 pips profit
  • #121,555
  • Oct 12, 2008 7:41pm Oct 12, 2008 7:41pm
may need to shed a lil more blood yet
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"Millionaires don't use astrology, billionaires do"
  • #121,556
  • Oct 12, 2008 7:43pm Oct 12, 2008 7:43pm
Quoting lilmoe
i'm expecting it to reach 169.90 first then reverse from there, and if it does, we should hit 175 today and reversing back from there again.... maybe..
Yup .. daily pivot at around 169.90 area .. daily pivot always acts like a magnet especially in London session if not mistaken.
  • #121,557
  • Oct 12, 2008 7:45pm Oct 12, 2008 7:45pm
Quoting mktjong
Yup .. daily pivot at around 169.90 area .. daily pivot always acts like a magnet especially in London session if not mistaken.
you guys forgetting 172 strong resistance from Friday that is now support
Blogging daily now at www.volume.zone
  • #121,558
  • Oct 12, 2008 7:48pm Oct 12, 2008 7:48pm
She's made an obligation to 174.00
On the hour chart price is doing a tight consolidation and a jump up should be coming soon. If price tries to run south 171.30 will catch her, but she has to go to the 174 mark.
  • #121,559
  • Oct 12, 2008 7:49pm Oct 12, 2008 7:49pm
Quoting lilmoe
50 on GJ so far, and 100 on gbp/aud, lol, i'm jealous, i'll start trading that sucker. long at .5220, closed half for 100, added another at 5270 risking 50 pips of those 100 i made...

edit: i'm still short GJ at 173.02 targeting 169.70, after closing 1/3 for 50 pips profit

you still long gbpaud

I am shorting rallies ... got 2.5300 for 60 pip , then again at 2.5310 ,

when markets rally gbpaud is sell the rallies ....
Blogging daily now at www.volume.zone
  • #121,560
  • Oct 12, 2008 7:57pm Oct 12, 2008 7:57pm
Quoting malcolmb14
you guys forgetting 172 strong resistance from Friday that is now support
Approaching that area.. let's see if it breaks ..
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