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

with target at?

scalping levels, thanks guys, 7am SYdney.. time for sleep

I realised, that price has done this level, while I ám posting...

8600 is critical pivot on the YM ....below this we go to 8300 / 8000

but again and a bounce would negate shorts...

Eying 136.25... support seems quite strong, not too much though..

out for 30 pips as this thing not moving

YM much easier to trade than GJ these days , already have half off +100 points and moved stop to +50 other half

double bottom seen at 135.5 break point. Target 136.20... waiting...

First scalp trade +10 goes to Lilmoes.

First day scalping goes to Lilmoes, 490 left.

think so as long as t30 at 135.70 holds

dj emini futures YM has to close above 8764 ( open rnage low) ...we just got rejected off it ... rejecting gj off 136

smart money going to work in equities for last little while,

obviously they found value on that decline and stepped in pretty hard

ES below 873 and house of cards crumbles hard

What's ES?

emini SP500

Ballsy!!!! 500 pips a day?!? Scalping?!?

Man made of steel!

t30 doji and support at 135.71 building up... seems so

equities rally into the close?

Mmmm - whilst Ford & GM may get a bailout, why should a secretive, private company like Cerberus Capital Management LP - aka Chrysler - get a bailout??

Dec. 9 (Bloomberg) -- Chrysler LLC says it’s almost broke and needs federal aid to survive. Perhaps that’s true. Yet taxpayers should be asking: How do we know?
Sure, we can surmise from all the awful vehicles Chrysler makes that it’s losing mountains of dough. Really, though, we have no idea. We don’t even know who sits on the company’s board of directors. That’s because Chrysler and its owner, Cerberus Capital Management LP, won’t disclose the information.
There ought to be a law: If a company is so desperate and devoid of dignity that it’s willing to beg for a government bailout, the least it should be required to do is disclose its latest financial statements, fully footnoted, independently audited, and sworn to by each of its officers and directors.
It’s the only way for taxpayers to know if the mess is as ugly as Chrysler says. Trust but verify, the old Cold War saying goes. And we should be just as wary of Chrysler and Cerberus as Ronald Reagan was of the Soviet Union.
Secrecy in financial matters is fine for closely held corporations and partnerships, as long as their profits and losses are none of our business. Chrysler’s owners crossed that line the moment they started asking for public handouts.
If the government, for political or economic reasons, decides to lend billions of dollars to General Motors Corp. or Ford Motor Co., fine, whatever. The American people are too numb now to get outraged over just any old bailout, even when it’s more money down the drain. As public companies, GM and Ford at least disclose their financials.
No Transparency
With Chrysler, we don’t even know what the drain looks like, or where the plumbing leads. To be sure, one winner would be Cerberus, whose chairman is former Treasury Secretary John Snow. Transparency, this is not.
What’s remarkable about the 14-page business plan that Chrysler Chief Executive Officer Robert Nardelli delivered to the Senate Banking Committee last week is how little information it contains.
The summary starts out with so much blather about how well managed and innovative Chrysler is, you might wonder why it needs a bailout. Nardelli blamed Chrysler’s problems on the “perfect storm” of declining vehicle sales, the financial crisis and the global economic downturn -- as if the company were a finely tuned vessel before the waves unexpectedly kicked up.
Nardelli’s Warnings
He also provided some crystal-ball numbers for how much cash and sales Chrysler would have for the next few years, assuming it gets our money. He wrapped up with the usual doom-and-gloom threats if Congress doesn’t buckle -- as much as “3 million in lost jobs” and “$400 billion in lost wages,” etcetera.
Not once did Nardelli disclose any of the historical information found on a customary set of financial statements. There was nothing about total assets or liabilities, year-to-date losses or cash flows, let alone pesky details like deferred compensation that might be owed to Chrysler executives.
Nardelli did hand the committee’s members a lengthier presentation, which he asked them to keep secret because it is “competitively sensitive and proprietary.” If he wants to sink Chrysler’s foreign competitors, perhaps he should encourage them to copy his company’s plans.
A Chrysler spokeswoman, Shawn Morgan, confirmed that the secret package didn’t include the company’s financial statements, audited or otherwise. She said the reason Chrysler doesn’t divulge such information, or the names of its board members, is “because we’re a private company.” A spokesman for Cerberus, Peter Duda, gave me a similar answer. When taxpayers rescue an outfit like Citigroup Inc., at least we know whom to blame.
If Chrysler and Cerberus want the rights and privileges of private companies, they should stay away from our money. And if this is really just about saving jobs and helping the U.S. economy, then they should bare all and stop using American auto workers as human shields.
Until they do, Congress should tell Chrysler to get lost.
(Jonathan Weil is a Bloomberg News columnist. The opinions expressed are his own.)
To contact the writer of this column: Jonathan Weil in New York at [color=#0000ff][email protected][/color]
Last Updated: December 9, 2008 00:02 EST

Hello Pipchick..
I like Piters scalping system..
how do you scalp Lilmoe system on 1Min chart???
What are the conditions? When to enter long or short??

just an observation: the traded volume in the first 2 two days of the week, was less, then the previous days.

I´say this only, because, this may change in the next 2-3 days