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

  • #148,081
  • Dec 10, 2008 2:59pm Dec 10, 2008 2:59pm
We are now waiting for DOW to close, no?

I am short, huge ones
Work smart not hard
  • #148,082
  • Dec 10, 2008 3:00pm Dec 10, 2008 3:00pm

... which clearly shows the main trend is DOWN, so we should go for a drink (or more) when this beast is rallying.
carry trade is dead and it will stay dead for as long as credits are frozen. honestly, i would just short every rally until there's only one world currency - and then i'll think about booking partial profits.
that's my long term strategy.

Quoting PeterFM
Switch to a line chart. Plot the Daily close on the 20 Nov 2008 (138.58) then extend the line through the next few weeks and you'll see the Resistance.
Nihil Sine Deo.
  • #148,083
  • Dec 10, 2008 3:02pm Dec 10, 2008 3:02pm
Hello Jon,

did You make nice profit last night??
I remember Your stop loss was not hit and I believe it went some more pips?
  • #148,084
  • Dec 10, 2008 3:08pm Dec 10, 2008 3:08pm
If I post a chart and you don't understand, please post a question and I will try my best to explain...I would assume no questions that everyone understand my POV....It is weird for the first time since I started posting on this board that a senior member pointed out that I have a confusing chart..

I post charts with very little information assuming the board understand fibs and TL and S/R...Most of the elite traders on this board never pointed out any confusing on this board...

I use mainly TL , fibs,50EMA, 200EMA, gann, RSX..


Thanks

rgitt05
[
  • #148,085
  • Dec 10, 2008 3:09pm Dec 10, 2008 3:09pm
Quoting sony
We are now waiting for DOW to close, no?

I am short, huge ones
no doubt
Timing is everything
  • #148,086
  • Dec 10, 2008 3:10pm Dec 10, 2008 3:10pm
North or South

I cannot see?

It can not get a biger pic to our screens
Work smart not hard
  • #148,087
  • Dec 10, 2008 3:11pm Dec 10, 2008 3:11pm
Quoting capetown
Hello Jon,

did You make nice profit last night??
I remember Your stop loss was not hit and I believe it went some more pips?
Thanks for asking, I did indeed take half off at +60, and the other half at +180 when she looked heavy and started back down.

I was so happy me and my sons ate a whole bag of chips and candy for dinner. Then mamma the grumpy party pooper put us all to bed.
What's that smell?
  • #148,088
  • Dec 10, 2008 3:11pm Dec 10, 2008 3:11pm
...when all 6 mma's are wound tightly within
a narrow pip range on a chart. This often
triggers a sharp and accelerated breakout
for that particular TF.

(which direction is anyones guess)


Dr. D.

(30 min. : 5, 20, 35, 60, 90, 120 ema's)
Attached Image (click to enlarge)
Click to Enlarge Name: 30 min mma's together.gif Size: 50 KB
  • #148,089
  • Dec 10, 2008 3:11pm Dec 10, 2008 3:11pm
They are only stalling until friday for the BIG drop this weekend..


Quoting Scrat

... which clearly shows the main trend is DOWN, so we should go for a drink (or more) when this beast is rallying.
carry trade is dead and it will stay dead for as long as credits are frozen. honestly, i would just short every rally until there's only one world currency - and then i'll think about booking partial profits.
that's my long term strategy.
[
  • #148,090
  • Dec 10, 2008 3:14pm Dec 10, 2008 3:14pm
Quoting rgitt05
If I post a chart and you don't understand, please post a question and I will try my best to explain...I would assume no questions that everyone understand my POV....It is weird for the first time since I started posting on this board that a senior member pointed out that I have a confusing chart..

I post charts with very little information assuming the board understand fibs and TL and S/R...Most of the elite traders on this board...
I think Islander mentioned they were a bit psychedelic, no doubt from his LSD days
Money & Pain Respect the market, protect your capital, be patient
  • #148,091
  • Dec 10, 2008 3:23pm Dec 10, 2008 3:23pm
Quoting jon clogger
ATTENTION RETARD: You are offering a McDonalds cheeseburger to a group of people enjoying Filet Mignon and Lobster. Why the hell would we give up one for the other.

Go pitch on IHUB

LOL......funny! Love it!
Just when you think you've figured it all out, the picture changes....
  • #148,092
  • Dec 10, 2008 3:26pm Dec 10, 2008 3:26pm
Quoting rgitt05
If I post a chart and you don't understand, please post a question and I will try my best to explain...I would assume no questions that everyone understand my POV....It is weird for the first time since I started posting on this board that a senior member pointed out that I have a confusing chart..

I post charts with very little information assuming the board understand fibs and TL and S/R...Most of the elite traders on this board never pointed out any confusing on this board...

I use mainly TL , fibs,50EMA, 200EMA, gann, RSX..


Thanks

rgitt05...

Robert,
I'm mostly a newb, but I understand your charts.
Just when you think you've figured it all out, the picture changes....
  • #148,093
  • Dec 10, 2008 3:31pm Dec 10, 2008 3:31pm
Quoting toyboy tramp
I think Islander mentioned they were a bit psychedelic, no doubt from his LSD days
.....ah, the good old Lucy in the Sky with Diamonds..... a long time ago......yeeks, I almost choked on my nightly medicine thinking about it........ ....till FO guys.....
Trading Levels with WRBs
  • #148,094
  • Dec 10, 2008 3:32pm Dec 10, 2008 3:32pm
Quoting Scrat

... which clearly shows the main trend is DOWN, so we should go for a drink (or more) when this beast is rallying.
carry trade is dead and it will stay dead for as long as credits are frozen. honestly, i would just short every rally until there's only one world currency - and then i'll think about booking partial profits.
that's my long term strategy.

Although correct in the sense of carry trade, yes that cheap money for intrest differentials compounded daily is over for now. Yet as long as equities will be bought Yens are still the cheapest of all currencies to borrow to do so. Just with no fringe benefits really atm.
"Millionaires don't use astrology, billionaires do"
  • #148,095
  • Dec 10, 2008 3:32pm Dec 10, 2008 3:32pm
Overall the TL is bearish from the weekly to the 1hr chart..

The fundamentals are weak and this BS rally because of the bailout will fade away after this week....

Now on my chart 135.50 formed a double bottom so it is considered a SUPPORT....The PA will move to the least resistance..The 138.30 got rejected and I don't see any big news to move pass the 138.50 during asian time...

During the London time more bad news will probably test the 135.50 support and probably consolidate toward a new low friday or weekend..



Technically,

RSX is trending down...
Weekly, Daily, 4hr, 1hr is trending downward..

PA below the gann on the daily,1hr atm

The 4hr is stuck between 50ema and gann...That means to me consolidation..


I mainly look at the overall trend from the daily and the TL is still holding after many attempts to breakout..The fundamentals are weak and this bailout will not push this past the major upper TL..

My conclusion this week is the PA will test a new low after the news friday...

IMHO..

Attached Image (click to enlarge)
Click to Enlarge Name: 60gja.gif Size: 30 KB
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  • #148,096
  • Dec 10, 2008 3:33pm Dec 10, 2008 3:33pm
where is Karmo? when you need his pills?

till the day is done then we could get more of the same sideways move

16 hours ago when i first looked at my charts it was about here

range trading looking for the break.

and yes it should go down as did bearings bank

but someone keeps buying it????

selling rallies still seems the most cautious trade strategy.
Timing is everything
  • #148,097
  • Dec 10, 2008 3:36pm Dec 10, 2008 3:36pm
Thanks for the feedback RobUSAFLA!!

I am here to help show my POV and probably help explain PA with TL and Fibs


Quoting RobUSAFLA
Robert,
I'm mostly a newb, but I understand your charts.
[
  • #148,098
  • Dec 10, 2008 3:38pm Dec 10, 2008 3:38pm
Not everyone see the same way on the charts..

Same with POV...





Quoting toyboy tramp
I think Islander mentioned they were a bit psychedelic, no doubt from his LSD days
[
  • #148,099
  • Dec 10, 2008 3:42pm Dec 10, 2008 3:42pm
Quoting rgitt05
Overall the TL is bearish from the weekly to the 1hr chart..

The fundamentals are weak and this BS rally because of the bailout will fade away after this week....

Now on my chart 135.50 formed a double bottom so it is considered a SUPPORT....The PA will move to the least resistance..The 138.30 got rejected and I don't see any big news to move pass the 138.50 during asian time...

During the London time more bad news will probably test the 135.50 support and probably consolidate toward a new low friday or weekend..



Technically,

RSX is...
I agree with your analysis
  • #148,100
  • Dec 10, 2008 3:42pm Dec 10, 2008 3:42pm
Quoting rgitt05
Not everyone see the same way on the charts..

Same with POV...

so what u think can i sell it at 137.00 i think tomorrow is going down so may be we make 30 to 40 pips
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