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

  • #174,221
  • Apr 30, 2009 9:19am Apr 30, 2009 9:19am
Thanks.
  • #174,222
  • Apr 30, 2009 9:20am Apr 30, 2009 9:20am
Quoting dozzz71
i dont understand you here malcolm is predicting 153 YOU SAID SHORTING PLEASE EXPLAIN YOURSELF

I would not follow that 153 comment it is way out there , that was only if the daily symmetry moves of 1000 down and 1400 up holds. This symmetry has held since 119

148 to 150 is a liekly target If the trend line on the 8 hour chart hold.s

There has been some distribution overnight off that 146 zone.

I am holding one swing trade off 140.60 with half off at 400 pip and stop moved +150. Other than that I am day trading
Blogging daily now at www.volume.zone
  • #174,223
  • Apr 30, 2009 9:24am Apr 30, 2009 9:24am
Quoting moneybookers
you are swing trader with 300pip under water. good emotion management which i'm lacking.
2nd that ....I would be freaking out if I had that kind of draw down .

I was short off 148 before drop to 139 , freaked out cause i got 120 pip draw down and closed it ... DUMB . Hence I stick to day trading
Blogging daily now at www.volume.zone
  • #174,224
  • Apr 30, 2009 9:27am Apr 30, 2009 9:27am
I remembered Q said that "Don't Trade What I said" etc.. Malcolm, I fell sorry for you and others.:-). Don't follow what he said, he is not 100% traders, follow your trading strategy and style. No offense! Cheers.
  • #174,225
  • Apr 30, 2009 9:31am Apr 30, 2009 9:31am
there's an article out on bloomberg saying that a catastrophic quarter was avoided in large part due to the massive job layoffs.

Don't know how to quantify this statement but it has got to be one of the dumbest ones i've ever seen.

I broke my arm in an accident. In order to cure it, i had it amputated.
  • #174,226
  • Apr 30, 2009 9:37am Apr 30, 2009 9:37am
Quoting Eulogy
there's an article out on bloomberg saying that a catastrophic quarter was avoided in large part due to the massive job layoffs.

Don't know how to quantify this statement but it has got to be one of the dumbest ones i've ever seen.

I broke my arm in an accident. In order to cure it, i had it amputated.
ermm...think about this way..if u had a broken arm and it got infected..it will spread to other parts of your body..so u end up with a broken arm and other infected body parts..or just amputate the arm..and stop the infection from spreading....
  • #174,227
  • Apr 30, 2009 9:39am Apr 30, 2009 9:39am
Quoting Andrew Vu
I remembered Q said that "Don't Trade What I said" etc.. Malcolm, I fell sorry for you and others.:-). Don't follow what he said, he is not 100% traders, follow your trading strategy and style. No offense! Cheers.

I have attached 60 min chart.

there is a sign of weakness off the 146 zone in the fact that there was a high volume doji = sellers

we have just had a really high volume wide spread bar into 144.50 , this could be hidden buyers , I am waiting to see reaction to it

as long as vwap of yesterdays session holds ( 143.20) I am still holding my long with 147 to 150 targets.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN62.png Size: 250 KB
Blogging daily now at www.volume.zone
  • #174,228
  • Apr 30, 2009 9:40am Apr 30, 2009 9:40am
Quoting Big Bruv
ermm...think about this way..if u had a broken arm and it got infected..it will spread to other parts of your body..so u end up with a broken arm and other infected body parts..or just amputate the arm..and stop the infection from spreading....
Ok bad example. Here's another one then.

In order to mitigate the danger of me breaking my arms, i had them both amputated.

In order to mitigate the risk of paying too much for wages/salaries, we sacked all those workers

bit closer to the mark
  • #174,229
  • Apr 30, 2009 9:43am Apr 30, 2009 9:43am
Quoting malcolmb14
I have attached 60 min chart.

there is a sign of weakness off the 146 zone in the fact that there was a high volume doji = sellers

we have just had a really high volume wide spread bar into 144.50 , this could be hidden buyers , I am waiting to see reaction to it

as long as vwap of yesterdays session holds ( 143.20) I am still holding my long with 147 to 150 targets.


Attachment
Price is sitting at TL but me I find it easier to Buy at top and Sell at bottom. I'm too slow to pull the trigger LOL.
  • #174,230
  • Apr 30, 2009 9:44am Apr 30, 2009 9:44am
either way, you know what i mean. the article is essentially saying that catastrophe was avoided with these massive layoffs and passing off mass unemployment as if it was not a catastrophe in itself.
  • #174,231
  • Apr 30, 2009 9:46am Apr 30, 2009 9:46am
My pips are green again:-), hopefully it will last until I come back from work.

The volume reading, I still could not read it properly. Thanks for chart, Malcolm
  • #174,232
  • Apr 30, 2009 9:47am Apr 30, 2009 9:47am
Without meaning to clog the thread, if anybody wants to add me to MSN or Yahoo Messenger to chat about the markets and exchange ideas, here is my addy [email protected] . Add me if you would like.
Probability Professor
  • #174,233
  • Apr 30, 2009 9:52am Apr 30, 2009 9:52am
Quoting Eulogy
either way, you know what i mean. the article is essentially saying that catastrophe was avoided with these massive layoffs and passing off mass unemployment as if it was not a catastrophe in itself.
hehe..i know wot u mean baby..but..

losing jobs isn't necessarily a catatrophy..it's also an opportunity for both parties..for example, when i lost my job in 2000...i ended up getting another one dat actually paid a hell of lot more than i ever expected..if i remained in dat job..i would have had no clue i cud get paid so much for doing nothing....

...as for the employer..it gives them opportunity to employ new talent and review processes which might be outdated..etc
  • #174,234
  • Apr 30, 2009 9:56am Apr 30, 2009 9:56am
Quoting Big Bruv
hehe..i know wot u mean baby..but..

losing jobs isn't necessarily a catatrophy..it's also an opportunity for both parties..for example, when i lost my job in 2000...i ended up getting another one dat actually paid a hell of lot more than i ever expected..if i remained in dat job..i would have had no clue i cud get paid so much for doing nothing....

...as for the employer..it gives them opportunity to employ new talent and review processes which might be outdated..etc
you are one of the lucky ones

5.1 million Americans aren't so lucky, nvm what the rest of the world is seeing.
  • #174,235
  • Apr 30, 2009 9:56am Apr 30, 2009 9:56am
Quoting Estero
Price is sitting at TL but me I find it easier to Buy at top and Sell at bottom. I'm too slow to pull the trigger LOL.

funny
Blogging daily now at www.volume.zone
  • #174,236
  • Apr 30, 2009 9:58am Apr 30, 2009 9:58am
Quoting Andrew Vu
Is this mean good or bad for GPB?
more like tsunami for g/j..that means more job loss,poorer cpi,ppip,gdp,trade balance,unemployement rate you mention
Imanuel Parsifal
  • #174,237
  • Apr 30, 2009 9:59am Apr 30, 2009 9:59am
Quoting malcolmb14
I have attached 60 min chart.

there is a sign of weakness off the 146 zone in the fact that there was a high volume doji = sellers

we have just had a really high volume wide spread bar into 144.50 , this could be hidden buyers , I am waiting to see reaction to it

as long as vwap of yesterdays session holds ( 143.20) I am still holding my long with 147 to 150 targets.


Attachment

hard to go long when you see a rapid down move like that , but if you think upside down when it comes to volume then you are thinking like the pros.

the 5 min showed a low volume test of 144.50 after intial bounce aka double bottom , beauty of a trade for a quick 120 pip and climbing
Blogging daily now at www.volume.zone
  • #174,238
  • Apr 30, 2009 10:01am Apr 30, 2009 10:01am
Quoting sycho
more like tsunami for g/j..that means more job loss,poorer cpi,ppip,gdp,trade balance,unemployement rate you mention

really auto news not much of a surprise .... all factored in . ES is at 883 and i think there is something brewing with the stress test reports next week...

I think we have BS soup on the boil. All banks will be liquid and ES shoots to 950. Gj 150. Just a hunch based on the BS manipulation I have see seen in the market recently
Blogging daily now at www.volume.zone
  • #174,239
  • Apr 30, 2009 10:02am Apr 30, 2009 10:02am
Quoting Big Bruv
hehe..i know wot u mean baby..but..

losing jobs isn't necessarily a catatrophy..it's also an opportunity for both parties..for example, when i lost my job in 2000...i ended up getting another one dat actually paid a hell of lot more than i ever expected..if i remained in dat job..i would have had no clue i cud get paid so much for doing nothing....

...as for the employer..it gives them opportunity to employ new talent and review processes which might be outdated..etc
do you mind paying your taxes here...
Imanuel Parsifal
  • #174,240
  • Apr 30, 2009 10:06am Apr 30, 2009 10:06am
Quoting malcolmb14
really auto news not much of a surprise .... all factored in . ES is at 883 and i think there is something brewing with the stress test reports next week...

I think we have BS soup on the boil. All banks will be liquid and ES shoots to 950. Gj 150. Just a hunch based on the BS manipulation I have see seen in the market recently
Now you really speaking like a politician.

"Lehman Brother's bankruptcy will not affect the economy in any significant degree as its potential bankruptcy has been factored into the market for several weeks now......."

You are right about the stress tests though. It'll make the market look rosier (or at least a shade less deathly pale) than it really is. Still think the parameters used are complete crap. Kinda begs the question what BoA and Citi are bitching about though.

"Your stress tests parameters are all far too pessimistic........ the most adverse parameters should actually be somewhere around the vicinity of 0% unemployment rate. Real GDP growth of +112665485% and housing price inflation of 100000% per day."
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