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Auslanco - GBP/JPY and GBP/USD (newstrade)
- #181,021
- Jun 5, 2009 9:24am Jun 5, 2009 9:24am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
- #181,022
- Jun 5, 2009 9:25am Jun 5, 2009 9:25am
- | Joined Jun 2008 | Status: Divergence Seeker | 1,749 Posts
- #181,024
- Jun 5, 2009 9:33am Jun 5, 2009 9:33am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Near London market closing...
Good way to close the london market..
Enjoy the pips today and the weekend.
Pip pip horray..
Good way to close the london market..
Enjoy the pips today and the weekend.
Pip pip horray..
talk on wires Gordon Brown holding press conference around 40 minutes time in Uk
this could get even more interesting
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- #181,026
- Jun 5, 2009 9:42am Jun 5, 2009 9:42am
- | Joined Jun 2008 | Status: Divergence Seeker | 1,749 Posts
- #181,027
- Jun 5, 2009 9:43am Jun 5, 2009 9:43am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
http://money.cnn.com/2009/06/04/news...ion=2009060508
They forgot about the BIG THREE layoff coming soon...
All this news is lagging BS..
Stay tune...
I have been waiting for a big leg down.....
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- #181,029
- Jun 5, 2009 9:49am Jun 5, 2009 9:49am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Hearing UK PM Brown will hold a press conference shortly, possibly in 20 minutes...He is unlikely to announce his resignation, and most likely to address his cabinet changes. However, if he were to step aside, we think GBP/USD would initially be hit hard, but then eventually bounce as Cable weakness has largely priced in such drama.
talk on wires Gordon Brown holding press conference around 40 minutes time in Uk
this could get even more interesting
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- #181,031
- Jun 5, 2009 10:05am Jun 5, 2009 10:05am
HariGP
In the 4 hr chart attached, the simplest way to find a 3rd elliot wave is to have a 5,34 oscillator and the highest peak will give you the 3rd wave, sometimes it gets extended and you will see and higher price which is still the 3rd wave...
When the osc reatraces to zero or 90% of the highs the wave 4 is in progress and now we need to look for continutation of wave 5..... which should make new highs / lows and also have a divergence in the 5,34 oscillator...
IN the weekly chart you can see that a 3rd wave bottom was made in January and now were in the 4th wave retracement... once the 4 hr finishes the 5th wave, we should see and big fall in GBP/JPY..
--Andy
In the 4 hr chart attached, the simplest way to find a 3rd elliot wave is to have a 5,34 oscillator and the highest peak will give you the 3rd wave, sometimes it gets extended and you will see and higher price which is still the 3rd wave...
When the osc reatraces to zero or 90% of the highs the wave 4 is in progress and now we need to look for continutation of wave 5..... which should make new highs / lows and also have a divergence in the 5,34 oscillator...
IN the weekly chart you can see that a 3rd wave bottom was made in January and now were in the 4th wave retracement... once the 4 hr finishes the 5th wave, we should see and big fall in GBP/JPY..
--Andy
- #181,032
- Jun 5, 2009 10:07am Jun 5, 2009 10:07am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
The government is controlling this BS rally...
Thanks Obama...
Please don't raise the taxes on my big setup after the market realized your hype is a joke..
VP Biden says Obama will unveil a plan to ramp up stimulus on Monday; stocks seem to like that
Thanks Obama...
Please don't raise the taxes on my big setup after the market realized your hype is a joke..
VP Biden says Obama will unveil a plan to ramp up stimulus on Monday; stocks seem to like that
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- #181,033
- Jun 5, 2009 10:10am Jun 5, 2009 10:10am
- | Joined Jun 2008 | Status: Divergence Seeker | 1,749 Posts
- #181,035
- Jun 5, 2009 10:16am Jun 5, 2009 10:16am
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
The government is controlling this BS rally...
Thanks Obama...
Please don't raise the taxes on my big setup after the market realized your hype is a joke..
VP Biden says Obama will unveil a plan to ramp up stimulus on Monday; stocks seem to like that
http://news.yahoo.com/s/ap/us_becoming_a_statistic
Patience + Humility + Study = Success
- #181,037
- Jun 5, 2009 10:20am Jun 5, 2009 10:20am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
That is absolutely what the other article is pointing out..
Once the smoke clear everyone will be caught with their shorts down...
Selling all rallies ...
Once the smoke clear everyone will be caught with their shorts down...
Selling all rallies ...
I think people are starting to smell horse manure
http://news.yahoo.com/s/ap/us_becoming_a_statistic
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- #181,038
- Jun 5, 2009 10:23am Jun 5, 2009 10:23am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
I like this part from the article:
The 9.4 percent May unemployment rate is based on 14.5 million Americans out of work. But that number doesn't include discouraged workers, people who gave up looking for work after four weeks. Add those 792,000 people, and the unemployment rate is 9.8 percent.
_The official rate also doesn't include "marginally attached workers," or people who have looked for work in the past year but stopped searching in the past month because of barriers to employment such as child care, poor health or lack of transportation. Add those 1.4 million people, and the unemployment rate would be 10.6 percent.
_The official rate also doesn't include "involuntary part-time workers," or the 2.2 million people like Noel who took a part-time job because that's all they could get, plus those whose work hours dropped below the full-time level. Once those 9.1 million workers are added to the unemployment mix, the rate would be 16.4 percent.
The 9.4 percent May unemployment rate is based on 14.5 million Americans out of work. But that number doesn't include discouraged workers, people who gave up looking for work after four weeks. Add those 792,000 people, and the unemployment rate is 9.8 percent.
_The official rate also doesn't include "marginally attached workers," or people who have looked for work in the past year but stopped searching in the past month because of barriers to employment such as child care, poor health or lack of transportation. Add those 1.4 million people, and the unemployment rate would be 10.6 percent.
_The official rate also doesn't include "involuntary part-time workers," or the 2.2 million people like Noel who took a part-time job because that's all they could get, plus those whose work hours dropped below the full-time level. Once those 9.1 million workers are added to the unemployment mix, the rate would be 16.4 percent.
I think people are starting to smell horse manure
http://news.yahoo.com/s/ap/us_becoming_a_statistic
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