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

  • #159,361
  • Feb 10, 2009 6:10pm Feb 10, 2009 6:10pm
Quoting PipinStein
World Libor rates
http://www.economagic.com/libor.htm#US
  • #159,362
  • Feb 10, 2009 6:12pm Feb 10, 2009 6:12pm
Quoting forextine
http://www.cnbc.com/id/26905693
  • #159,363
  • Feb 10, 2009 6:13pm Feb 10, 2009 6:13pm
Quoting Piters
This is what would be cousing the BIG DROP:


China Needs U.S. Guarantees for Treasury Bond

http://www.bloomberg.com/apps/news?p...J_A&refer=asia
well i know one thing, when the US treasury begins to raise money for all this so-called "stimulus", today's drop will be nothing. Every time the treasury conducts these auctions, they crowd out money that would flow into stocks.

it's going to get pretty darn ugly on the fraudexes when they start raising the cash to pay for this crap . . . will be interesting to see how geps and euro yen reacts to dow 4000 . . .
"Don't trade to trade . . . trade to win." - James16
  • #159,364
  • Feb 10, 2009 6:31pm Feb 10, 2009 6:31pm
Quoting Flem26
well i know one thing, when the US treasury begins to raise money for all this so-called "stimulus", today's drop will be nothing. Every time the treasury conducts these auctions, they crowd out money that would flow into stocks.

it's going to get pretty darn ugly on the fraudexes when they start raising the cash to pay for this crap . . . will be interesting to see how geps and euro yen reacts to dow 4000 . . .
we will see there is one coming up on February 23 for $150 Billion. . .
  • #159,365
  • Feb 10, 2009 6:35pm Feb 10, 2009 6:35pm
Quoting Flem26
well i know one thing, when the US treasury begins to raise money for all this so-called "stimulus", today's drop will be nothing. Every time the treasury conducts these auctions, they crowd out money that would flow into stocks.

it's going to get pretty darn ugly on the fraudexes when they start raising the cash to pay for this crap . . . will be interesting to see how geps and euro yen reacts to dow 4000 . . .
lol, most likely, the government/feds/regulators would halt the entire secondary market before that happens. Can't officially display their total market assets as complete crap even though everyone already knows it.
  • #159,366
  • Feb 10, 2009 6:45pm Feb 10, 2009 6:45pm
most likely NOT. you will see.

Quoting Eulogy
lol, most likely, the government/feds/regulators would halt the entire secondary market before that happens. Can't officially display their total market assets as complete crap even though everyone already knows it.
Nihil Sine Deo.
  • #159,367
  • Edited 7:15pm Feb 10, 2009 6:45pm | Edited 7:15pm
Quoting Flem26
well i know one thing, when the US treasury begins to raise money for all this so-called "stimulus", today's drop will be nothing. Every time the treasury conducts these auctions, they crowd out money that would flow into stocks.

it's going to get pretty darn ugly on the fraudexes when they start raising the cash to pay for this crap . . . will be interesting to see how geps and euro yen reacts to dow 4000 . . .
I am not talking about today's drop, i was reffering to next drop, drop to follow with 2500 pips and to 110 level area.. The drop I am waiting on from December last year. There are some analysis that February is going to be the same (maybe worst) as September last year. Mean another market Crash. The busines enviroment is very ugly..

I hope they are wrong.. I do love to make a pips and money, but not over the CRASH..

from the other side, Honestly, the Obama office is under big preassure from the law makers and the market.. Noone can prepare correct analysis, and law proposal in 2-3 weeks.. That is what is happening now... The timing is very bad..

Can market wait on new proposal?? I dont think so..
  • #159,368
  • Feb 10, 2009 6:50pm Feb 10, 2009 6:50pm
Quoting Scrat
most likely NOT. you will see.

lol Scrat, your -6 level is comming faster,, the intensity is huge.. I had in December some time projection on 98 level and 4-10 April for finishing the all cycle.. [but that is pure technical]
  • #159,369
  • Feb 10, 2009 7:20pm Feb 10, 2009 7:20pm
Quoting shelby
I know but I got to start somewhere right ?
the simple question is.
does it matter wich pair i start with ? or no.
I am trading small positions. but demo doesn't work for me.
today i didn't take my eyes from the computer. i can't do that while i am trading virtual money without any emotion.
i rather lose a few thousand $ and understand, feel the pain. than playing demo and not feeling a thing.
thanks for feed-back
Yes! You have to get started somewhere. But you didnt listen to what I recommended. I recommended that you not start with the cross pairs. Start with the majors. (http://www.forex-here.com/forex-currency-pair). In fact, what will happen is that you will start leaning towards a set you like the best.

I also understand your feeling about demo trading. I recently told a guy to open a micro account and trade $500 like it was $50K to learn. You should do the same.

I would rather see you "spend" $500 in training than to do what I did and blow MANY tens of thousands my first year. I blew my account and had to scratch my way up.

I wish you luck and there is allot of talent in here so take heed.



B
  • #159,370
  • Feb 10, 2009 7:26pm Feb 10, 2009 7:26pm
Quoting mike w
And we have a winner. lol I'll be in touch man. I like talking to others about weekly setups and such. I like the "drama" that comes with shorter timeframes, but I only watch them. I hate trading shorter timeframes, as it feels like I'm going to have a heart attack when I do whereas compared to dailies and weeklies.
lol. hey mike. how have you been?
playing shorter tf can be fun, SOMETIMES.
  • #159,371
  • Feb 10, 2009 7:26pm Feb 10, 2009 7:26pm
Quoting bigcoupe
Yes!...
well said
--post hoc ergo propter hoc--
  • #159,372
  • Feb 10, 2009 7:27pm Feb 10, 2009 7:27pm
so far asia has moved 310 pips in really nice moves .. even though Japan closed ...

I really do prefer trading Asia .... slightly slower , more predictable and no 100 pip candles that make your hair stand on end
Blogging daily now at www.volume.zone
  • #159,373
  • Feb 10, 2009 7:30pm Feb 10, 2009 7:30pm
Guys, Any idea or possible trade plan for the europe session? no clue at the moment.
  • #159,374
  • Feb 10, 2009 7:33pm Feb 10, 2009 7:33pm
Quoting shelby
I know but I got to start somewhere right ?
the simple question is.
does it matter wich pair i start with ? or no.
I am trading small positions. but demo doesn't work for me.
today i didn't take my eyes from the computer. i can't do that while i am trading virtual money without any emotion.
i rather lose a few thousand $ and understand, feel the pain. than playing demo and not feeling a thing.
thanks for feed-back

gj is unforgiving ..

trying something with less spread , EU is good place to start and she has nice movement.

try to trade on a higher time frame .... like 60 min and up for trade opp spotting and then zoom in on 15 min for good entry

never risk more than 1.5% per trade.
stick to stops ... do not move them cause you have a hunch ..... your hunches will cost you.

have a good strategy and stick to it.

have patience .. you do not have to be in the market 100% of the time.

Trust your charts ... news is designed to mess with your head.

Good idea to trade with real money .. $500 or 1 k ....the emotions are VERY different trading even a $10 position with real money than they are a demo.

Never give your account to anyone advertising they are a money manager .. if they were that good they would be busy with their own account. In my experience those advertising are the ones that lose it all.

if any other words of wisdom come to me i will let you know
Blogging daily now at www.volume.zone
  • #159,375
  • Feb 10, 2009 7:34pm Feb 10, 2009 7:34pm
Quoting dzackfx
Guys, Any idea or possible trade plan for the europe session? no clue at the moment.
Sell rallies.
{Some Profound Statement goes here}
  • #159,376
  • Feb 10, 2009 7:38pm Feb 10, 2009 7:38pm
Quoting dzackfx
Guys, Any idea or possible trade plan for the europe session? no clue at the moment.

you have to watch that 38 % area very closely.

there does not appear to be much in the way of buying ..... but there is no volume in the markets right now. ... just 50 pip up and down moves

if it breaks 130.23 then we go to 128 ish then 125.86 ... just using simple fibs . These also happen to tie in with the major support zones on the charts.

The max this should retrace to is 38 % of todays move at 133 . Above this ...the down move may have been a fake out

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Blogging daily now at www.volume.zone
  • #159,377
  • Feb 10, 2009 7:43pm Feb 10, 2009 7:43pm
might sound dumb....but someone asked me this the other day and i was not sure.

How does my broker....or any broker make their money???
are they skimming the spread??
--post hoc ergo propter hoc--
  • #159,378
  • Feb 10, 2009 7:49pm Feb 10, 2009 7:49pm
Quoting Monk
might sound dumb....but someone asked me this the other day and i was not sure.

How does my broker....or any broker make their money???
are they skimming the spread??
they get better spreads form the bank .... maybe 2 pip gj and they charge 5
Blogging daily now at www.volume.zone
  • #159,379
  • Feb 10, 2009 7:52pm Feb 10, 2009 7:52pm
Quoting malcolmb14
they get better spreads form the bank .... maybe 2 pip gj and they charge 5
And they know that statisticly 90% of retail traders are loosers, so naturaly they are their COUNTER PART..

Very Easy...
  • #159,380
  • Feb 10, 2009 7:58pm Feb 10, 2009 7:58pm
Quoting Piters
And they know that statisticly 90% of retail traders are loosers, so naturaly they are their COUNTER PART..

Very Easy...
Only if you trade through some ghetto bucket shop... got away from that junk years ago and am very please with Interactive Brokers... a real broker.
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