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

  • #145,781
  • Dec 3, 2008 7:20pm Dec 3, 2008 7:20pm
Quoting Cdawg
Dumb question:
Wouldn't the anticipated rate cut be factored into the market already? I mean in the last few days, the various bad news release have seemingly just been by-passed by any real PA, it just continued on doing what its doing.

Thoughts??

My opinion is that it depends on the actual amount they cut by. I think a rate cut of 1% has probably been factored in over the last few days and tonight so we may see a turn upwards after the announcement if it's 0.75% or 1.00%. However it's not impossible that there could be a 1.5% cut which would surprise the markets and continue the sell off.
  • #145,782
  • Dec 3, 2008 7:21pm Dec 3, 2008 7:21pm
Quoting Piters
anyone in GU ?
yeah from 4770. my limit sell at the top missed getting hit by 2 pips so had to pass or take a crummy entry.... +1 locked and we'll see where it winds up.
FUBAR...
  • #145,783
  • Dec 3, 2008 7:22pm Dec 3, 2008 7:22pm
haha...im long for a 100 pips..but it looks to tank my friends
FUTURE OF MX
  • #145,784
  • Dec 3, 2008 7:24pm Dec 3, 2008 7:24pm
137.2 that is....
FUTURE OF MX
  • #145,785
  • Dec 3, 2008 7:25pm Dec 3, 2008 7:25pm
Hey Piters
One more post for the magic 2000...thanks for all the help! Hopefully it will be good luck tonight!
JQ2
The Only Constant Is Change!
  • #145,786
  • Dec 3, 2008 7:30pm Dec 3, 2008 7:30pm
YES my friend...

thank you to all,

This is an excelent place to share our knowledge, experiance, and views.
  • #145,787
  • Dec 3, 2008 7:32pm Dec 3, 2008 7:32pm
4 hr chart.
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  • #145,788
  • Dec 3, 2008 7:41pm Dec 3, 2008 7:41pm
Quoting belekas
Short of the descending resistance TL in confluence with DP. Position up 50 pips, stop moved @ b/e + 1. Its a free ride though i might get stopped out. No biggie, as the dayly stills suggests more upside as the LTL from the 4hr still holding.
I was stoped out @ b/e + 2 as Cable bounced from the ascending LTL and USD/YEN of its DP. Its 3:41 in the morning so im off to bed. Good night and safe trading everyone. Bye
  • #145,789
  • Dec 3, 2008 8:18pm Dec 3, 2008 8:18pm
Quoting pkimnyc
4 hr chart.
Just wondering , would this wedge be considered a BUll Flag. Pole starting from 179ish.. just a crazy thought...If you draw a straight line instead of decling one at the bottom,, connecting 139 to 136xx.. Can we have a reversal here.. with lots of wood to chop.. going into New Year.. up to 181xx.. I dont know how to post charts from VT trader .. but this is in relevence to your chart.. I have the same thing.. but I thought if this other scenario would be possible...
Markets are not Random, they are designed!
  • #145,790
  • Dec 3, 2008 8:19pm Dec 3, 2008 8:19pm
Quoting forexlion
i placed a sell limit at 138.16, my expectation tomorrow is a tank to new lows.

good night everyone.
the sell limit was honored overnight, and GJ never went beyond that.
  • #145,791
  • Dec 3, 2008 8:21pm Dec 3, 2008 8:21pm
15m cable gearing up for action
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"Millionaires don't use astrology, billionaires do"
  • #145,792
  • Dec 3, 2008 8:43pm Dec 3, 2008 8:43pm
Quoting Raza
Just wondering , would this wedge be considered a BUll Flag. Pole starting from 179ish.. just a crazy thought...If you draw a straight line instead of decling one at the bottom,, connecting 139 to 136xx.. Can we have a reversal here.. with lots of wood to chop.. going into New Year.. up to 181xx.. I dont know how to post charts from VT trader .. but this is in relevence to your chart.. I have the same thing.. but I thought if this other scenario would be possible...
the thick blue line is just one of the many important tl. (daily)
i don't believe we are going all the way back up even if it reverses from here.
the fundies are not supporting that, imo. most likely scenario would be if the thick upper tl is taken out (which is doubtful atm) then it would be challenged from another upper tl that is waiting for the price to reach then another slam dunk to the hell. maybe.

i see what you mean, the bull flag. will have to see how it plays out.
  • #145,793
  • Dec 3, 2008 9:00pm Dec 3, 2008 9:00pm
hey jon clogger.
how are you doing on the contest?
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #145,794
  • Dec 3, 2008 9:02pm Dec 3, 2008 9:02pm
Quoting pkimnyc
the thick blue line is just one of the many important tl. (daily)
i don't believe we are going all the way back up even if it reverses from here.
the fundies are not supporting that, imo. most likely scenario would be if the thick upper tl is taken out (which is doubtful atm) then it would be challenged from another upper tl that is waiting for the price to reach then another slam dunk to the hell. maybe.

i see what you mean, the bull flag. will have to see how it plays out.
Good Stuff
Markets are not Random, they are designed!
  • #145,795
  • Dec 3, 2008 9:07pm Dec 3, 2008 9:07pm
Quoting england33
hey jon clogger.
how are you doing on the contest?
Got bumped up to #9 on the currency leader board. Apparently I'm the only one from Nevada on either list, which surprised me a little since I thought there were more gamblers living here.

How about you friend? How was your first day trying to make sense of this consolidation?
What's that smell?
  • #145,796
  • Dec 3, 2008 9:07pm Dec 3, 2008 9:07pm
Quoting pkimnyc
the thick blue line is just one of the many important tl. (daily)
i don't believe we are going all the way back up even if it reverses from here.
the fundies are not supporting that, imo. most likely scenario would be if the thick upper tl is taken out (which is doubtful atm) then it would be challenged from another upper tl that is waiting for the price to reach then another slam dunk to the hell. maybe.

i see what you mean, the bull flag. will have to see how it plays out.
I see this thing going to as much as 126.02... end of the wedge.. what do you think??? thats where my wedge ends.. also 123% fib from 177xx..
Markets are not Random, they are designed!
  • #145,797
  • Dec 3, 2008 9:09pm Dec 3, 2008 9:09pm
Quoting jon clogger
Got bumped up to #9 on the currency leader board. Apparently I'm the only one from Nevada on either list, which surprised me a little since I thought there were more gamblers living here.

How about you friend? How was your first day trying to make sense of this consolidation?
oh man i got skunked. i made 3 good trades and went real heavy on a short and lost like 10k. i'm trying to make that back now. my last trade was a win though. i'm setting up another big trade and i plan on being right this time.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #145,798
  • Dec 3, 2008 9:14pm Dec 3, 2008 9:14pm
Quoting england33
oh man i got skunked. i made 3 good trades and went real heavy on a short and lost like 10k. i'm trying to make that back now. my last trade was a win though. i'm setting up another big trade and i plan on being right this time.
Yeah, I got kicked in the nuts today too, especially with Geppy only respecting 100% fib retracements and urinating on all the rest in between.

Fortunately I longed big when we dipped to 136.50 and made it back.
What's that smell?
  • #145,799
  • Dec 3, 2008 9:21pm Dec 3, 2008 9:21pm
Quoting Raza
I see this thing going to as much as 126.02... end of the wedge.. what do you think??? thats where my wedge ends.. also 123% fib from 177xx..
i don't know how far this wedge will continue down, but this can be considered another possibility

final destination: 112.xx. (please don't call me crazy, hehe).
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  • #145,800
  • Dec 3, 2008 9:24pm Dec 3, 2008 9:24pm
Quoting england33
oh man i got skunked. i made 3 good trades and went real heavy on a short and lost like 10k. i'm trying to make that back now. my last trade was a win though. i'm setting up another big trade and i plan on being right this time.
take it easy mate - you could be setting up more trouble

have a clear mind set
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