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

  • #128,281
  • Oct 29, 2008 12:58pm Oct 29, 2008 12:58pm
smells short smells short .. last time I posted that it dropped 100 pip maybe i get another 100
Blogging daily now at www.volume.zone
  • #128,282
  • Oct 29, 2008 12:59pm Oct 29, 2008 12:59pm
It just spiked down!
  • #128,283
  • Oct 29, 2008 12:59pm Oct 29, 2008 12:59pm
2m shows pretty clear distribution phase.

lovely rounded top with zigzag kind bottom. perhaps we begin before announcement but at least i want to see some spike up to 161 /160 area depending on what happens before.
  • #128,284
  • Oct 29, 2008 1:04pm Oct 29, 2008 1:04pm
Probability of Fed cutting -75 bps goes up... with the futures market now pricing in 52% odds of a 75 bps cut and 48% chance of a -50 bps reduction. Yesterday it was 46% for -75 bps and 54% for -50 bps. The consensus from economists is for a -50 bps cut but from what futures prices are telling us, this may not be enough to keep the recent equity market rally going. The risk is that stocks take a dive if the Fed goes "only" -50 bps. Look for potentially lower JPY crosses and lower EUR and GBP as a result.


[
  • #128,285
  • Oct 29, 2008 1:04pm Oct 29, 2008 1:04pm
closed some longs n move stops higher

be safe n lock profits
Trade what you see, not what you think.
  • #128,286
  • Oct 29, 2008 1:04pm Oct 29, 2008 1:04pm
Quoting malcolmb14
smells short smells short .. last time I posted that it dropped 100 pip maybe i get another 100
so we wait 30mins after fed rate,then we can see what direction market want to go
  • #128,287
  • Oct 29, 2008 1:05pm Oct 29, 2008 1:05pm
Quoting karmostaji
closed some longs n move stops higher

be safe n lock profits
already did that. nothing to worry here.
  • #128,288
  • Oct 29, 2008 1:07pm Oct 29, 2008 1:07pm
Quoting rgitt05
Probability of Fed cutting -75 bps goes up... with the futures market now pricing in 52% odds of a 75 bps cut and 48% chance of a -50 bps reduction. Yesterday it was 46% for -75 bps and 54% for -50 bps. The consensus from economists is for a -50 bps cut but from what futures prices are telling us, this may not be enough to keep the recent equity market rally going. The risk is that stocks take a dive if the Fed goes \"only\" -50 bps. Look for potentially lower JPY crosses and lower EUR and GBP as a result.



lol news is a BS. they already knew it yesterday. rate cut might be bad. we had extremely bearish signs on close yesterday. i would really really wonder if ym heads higher. still smelling drops like announced. news just try to explain what professionals are doing in the background by manipulating.
  • #128,289
  • Oct 29, 2008 1:07pm Oct 29, 2008 1:07pm
Quoting moneybookers
so we wait 30mins after fed rate,then we can see what direction market want to go
I am like the Milky Bar Kid ..... got both guns out and ready to shot the beast ....

Mily Bar Kid is strong and bold ...lol

Only brits will get Milky bar kid thing ... but google it ...
Blogging daily now at www.volume.zone
  • #128,290
  • Oct 29, 2008 1:07pm Oct 29, 2008 1:07pm
Quoting pkimnyc
already did that. nothing to worry here.
let's see where market will bring us to
  • #128,291
  • Oct 29, 2008 1:08pm Oct 29, 2008 1:08pm
Quoting Dr.Geppynius
lol news is a BS. they already knew it yesterday. rate cut might be bad. we had extremely bearish signs on close yesterday. i would really really wonder if ym heads higher. still smelling drops like announced. news just try to explain what professionals are doing in the background by manipulating.

... my YM short is only 8 k under water and I am hoping it will be +30 k by end of today
Blogging daily now at www.volume.zone
  • #128,292
  • Oct 29, 2008 1:09pm Oct 29, 2008 1:09pm
Quoting malcolmb14
... my YM short is only 8 k under water and I am hoping it will be +30 k by end of today
Addicted and proud of it!
  • #128,293
  • Oct 29, 2008 1:09pm Oct 29, 2008 1:09pm
Quoting malcolmb14
I am like the Milky Bar Kid ..... got both guns out and ready to shot the beast ....

Mily Bar Kid is strong and bold ...lol

Only brits will get Milky bar kid thing ... but google it ...
loool yummy milky bar....strong and bold haha

http://www.freewebs.com/under15/milk...r%20%20kid.jpg
  • #128,294
  • Oct 29, 2008 1:09pm Oct 29, 2008 1:09pm
Quoting malcolmb14
... my YM short is only 8 k under water and I am hoping it will be +30 k by end of today
you are rick guy haha
  • #128,295
  • Oct 29, 2008 1:09pm Oct 29, 2008 1:09pm
Quoting malcolmb14
I am like the Milky Bar Kid ..... got both guns out and ready to shot the beast ....

Mily Bar Kid is strong and bold ...lol

Only brits will get Milky bar kid thing ... but google it ...
Didn't know you were a brit? How's expatting in the best place to live on the planet according to some crappy poll...?!
Money & Pain Respect the market, protect your capital, be patient
  • #128,296
  • Oct 29, 2008 1:09pm Oct 29, 2008 1:09pm
Quoting malcolmb14
... my YM short is only 8 k under water and I am hoping it will be +30 k by end of today
  • #128,297
  • Oct 29, 2008 1:10pm Oct 29, 2008 1:10pm
Quoting malcolmb14
... my YM short is only 8 k under water and I am hoping it will be +30 k by end of today
lol only. you are crazy. i am predciting, not making calls yet
  • #128,298
  • Oct 29, 2008 1:10pm Oct 29, 2008 1:10pm
mm... the bull flag on 5 min looks to simple .. they snap it up to 161 on 1 min .... I will be there with short ready to go
Blogging daily now at www.volume.zone
  • #128,299
  • Oct 29, 2008 1:11pm Oct 29, 2008 1:11pm
You are probably right..At least I have sometimes to refer too as BS fundamentals..



Quoting Dr.Geppynius
lol news is a BS. they already knew it yesterday. rate cut might be bad. we had extremely bearish signs on close yesterday. i would really really wonder if ym heads higher. still smelling drops like announced. news just try to explain what professionals are doing in the background by manipulating.
[
  • #128,300
  • Oct 29, 2008 1:12pm Oct 29, 2008 1:12pm
Quoting toyboy tramp
Didn't know you were a brit? How's expatting in the best place to live on the planet according to some crappy poll...?!

awesome .... 7 women to 1 man ratio .... well straight men anyway .. so even an ugly guy like me can get a date ....
Blogging daily now at www.volume.zone
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