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

  • #188,041
  • Aug 7, 2009 11:20am Aug 7, 2009 11:20am
Quoting forex888
today is approximately 1 year of the 2008 the worst nightmare bearish monster g/y

From price 212.00 to 118.00 == 9000 pips

Thats in history
As a chartist, history repeats itself.. LOL..

I dont mean its bearish.. just kidding.
  • #188,042
  • Aug 7, 2009 11:32am Aug 7, 2009 11:32am
well that's the plan, so that masses can't join the new trend using a pullback. you either catch it at the very beginning, or you get in at the top/bottom and you're left holding the bag...

just look at e-u - almost 400 pips in a single day, come on! what's the big deal with nfp??? it means that for now, less jobs are cut - that's it.
and one thing i just don't get it: if jobs are still cut, how come unemployment rate went up 0.2%???

Quoting donfriday
same plan here...but uj losing some strenght to the up side so let see..without retrace i cannot buy this thing ....
Nihil Sine Deo.
  • #188,043
  • Aug 7, 2009 11:36am Aug 7, 2009 11:36am
Quoting scrat
well that's the plan, so that masses can't join the new trend using a pullback. You either catch it at the very beginning, or you get in at the top/bottom and you're left holding the bag...

Just look at e-u - almost 400 pips in a single day, come on! What's the big deal with nfp??? It means that for now, less jobs are cut - that's it.
And one thing i just don't get it: If jobs are still cut, how come unemployment rate went up 0.2%???
its called speculations
  • #188,044
  • Aug 7, 2009 11:51am Aug 7, 2009 11:51am
Quoting bluemax
Now thats what I call an expanding wedge
Which pair of currencies this chart represent and was next.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-08-07_183540.png Size: 5 KB
  • #188,045
  • Aug 7, 2009 11:53am Aug 7, 2009 11:53am
Quoting Scrat
well that's the plan, so that masses can't join the new trend using a pullback. you either catch it at the very beginning, or you get in at the top/bottom and you're left holding the bag...

just look at e-u - almost 400 pips in a single day, come on! what's the big deal with nfp??? it means that for now, less jobs are cut - that's it.
and one thing i just don't get it: if jobs are still cut, how come unemployment rate went up 0.2%???
Unemployment rate went down not up. Yeah .. am confused too.
Buying volume is getting weaker now, but looks like still have another hour before selling volume coming in.
  • #188,046
  • Aug 7, 2009 11:58am Aug 7, 2009 11:58am
yeah, sorry, what i meant to say was that it improved from -9.6 to -9.4. how can unemployment rate improve if you are still cutting jobs?

Quoting mktjong
Unemployment rate went down not up. Yeah .. am confused too.
Buying volume is getting weaker now, but looks like still have another hour before selling volume coming in.
Nihil Sine Deo.
  • #188,047
  • Aug 7, 2009 12:00pm Aug 7, 2009 12:00pm
Quoting Scrat
yeah, sorry, what i meant to say was that it improved from -9.6 to -9.4. how can unemployment rate improve if you are still cutting jobs?
Good ole smoke and mirrors. But you dont hear anyone in the media questioning it. There's a surprise
  • #188,048
  • Aug 7, 2009 12:21pm Aug 7, 2009 12:21pm
Quoting Scrat
well that's the plan, so that masses can't join the new trend using a pullback. you either catch it at the very beginning, or you get in at the top/bottom and you're left holding the bag...

just look at e-u - almost 400 pips in a single day, come on! what's the big deal with nfp??? it means that for now, less jobs are cut - that's it.
and one thing i just don't get it: if jobs are still cut, how come unemployment rate went up 0.2%???

well news was on wires last night that goldman sachs upgraded nfp to 250 k last n ight . I had to dig deep. So lets see ..... Goldman manipulation at work or are the numbers real ?
Blogging daily now at www.volume.zone
  • #188,049
  • Aug 7, 2009 12:27pm Aug 7, 2009 12:27pm
Quoting malcolmb14
well news was on wires last night that goldman sachs upgraded nfp to 250 k last n ight . I had to dig deep. So lets see ..... Goldman manipulation at work or are the numbers real ?
There's no doubt Goldman is manipulating things or at least being used as a tool by the WH for that purpose. Abby Joseph Cohen wasnt interviewed yesterday on CNBC by accident speaking the same numbers. Goldman is so intertwined with Washington its not even funny. Goldman and GE (owner of CNBC) for that matter.

Further..Buffett buys into Goldman last year. Stock has rocketed this year. Paulson- former GS, Geithner sat on Board, Lehman and Bear S left to fail. The next day AIG saved. Some of the first TARP money went to......GS. GS makes incredible Q2 profits far more than any other. and on and on. Question is, who in DC benefits from this the most. How much of Washington politicians are clients of GS or are influenced by them. sorry... rambling
  • #188,050
  • Aug 7, 2009 12:33pm Aug 7, 2009 12:33pm
Quoting bluemax
There's no doubt Goldman is manipulating things or at least being used as a tool by the WH for that purpose. Abby Joseoh Cohen wasnt interviewed yesterday on CNBC by accident speaking the same numbers. Goldman is so intertwined with Washington its not even funny. Goldman and GE for that matter.
adp less than expected and NFP 100 k better than expected ... something is cooked !!! these 2 are not often that far apart.
Blogging daily now at www.volume.zone
  • #188,051
  • Aug 7, 2009 12:49pm Aug 7, 2009 12:49pm
Quoting Raza
RIGHT ANGLED ASCENDING BROADENING FORMATION.

Valid if 159.28 does not get taken out!!.. Valid until 158.50

I could not copy paste the info from the source.. so spent an Hour to make it. Hope I am not Wrong!!!

GUESS I was Right.. AND held that LONG!!!
Markets are not Random, they are designed!
  • #188,052
  • Aug 7, 2009 12:50pm Aug 7, 2009 12:50pm
Quoting malcolmb14
adp less than expected and NFP 100 k better than expected ... something is cooked !!! these 2 are not often that far apart.
Malcolmb what sort of volume levels are the S&P and DOW trading at today. just wondering if its one of those unusually high volume surges before a fall-sort-a-thing.


Next week we have large debt auctions and FOMC. Could be interesting.
  • #188,053
  • Aug 7, 2009 12:51pm Aug 7, 2009 12:51pm
Quoting bluemax
Now thats what I call an expanding wedge

Markets are not Random, they are designed!
  • #188,054
  • Aug 7, 2009 12:51pm Aug 7, 2009 12:51pm
Quoting Raza
GUESS I was Right.. AND held that LONG!!!
Raza, whats your thought on the broadening wedge on the one hour. I think you brought that up in the beginning of the week.

Edit: Ahh you read my mind lol
  • #188,055
  • Edited 1:26pm Aug 7, 2009 12:53pm | Edited 1:26pm
Quoting bluemax
Raza, whats your thought on the broadening wedge on the one hour. I think you brought that up in the beginning of the week.

IT has more room to go Up.. I am expecting 164xx level than down.. then up to 166.60.. than down alittle.. I think that where the market will stop this up move this sunday.. then a retrace to last support which is 162xx

SEE the last post of broadeneng wedge... dont short this YET!!IMO

HIDDEN BULLISH DIVERGENCE

pRICE IS ABOVE gann AND 50 EMA.. every where.

Hope we all learnt something from wedge formations!!!

IT feels good to Believe in yourself.. Trade Safe..
Markets are not Random, they are designed!
  • #188,056
  • Aug 7, 2009 12:56pm Aug 7, 2009 12:56pm
Quoting Raza
IT has more room to go Up.. I am expecting 164xx level than down.. then up to 167-- 169
Yeah as I mentioned earlier to Scrat, Ive been looking at 163.5ish for a while. Fib level a little bit further up though.(in fact thats your 167 level I think) SHould still get there at some point soon too I think
  • #188,057
  • Aug 7, 2009 1:06pm Aug 7, 2009 1:06pm
Quoting bluemax
Malcolmb what sort of volume levels are the S&P and DOW trading at today. just wondering if its one of those unusually high volume surges before a fall-sort-a-thing.


Next week we have large debt auctions and FOMC. Could be interesting.

day not done but this up thrust has not been on high volume , lets see how volume looks at end of day.

FOMC .. I bet rate increase. ' Economy recovering ' blah blah blah
Blogging daily now at www.volume.zone
  • #188,058
  • Aug 7, 2009 1:44pm Aug 7, 2009 1:44pm
Quoting Scrat
yeah, sorry, what i meant to say was that it improved from -9.6 to -9.4. how can unemployment rate improve if you are still cutting jobs?
They reduced the size of the overall labor pool. Basically, if you haven't actively looked for a job in the last four weeks, they remove you from the labor pool.

They decided that 422,000 people last month just didn't want to work anymore and removed them from the pool.

I find it interesting that the dollar strengthened so much, but gold only dropped $5/ounce. The smart people holding gold know that today's action will quickly reverse.
  • #188,059
  • Aug 7, 2009 1:52pm Aug 7, 2009 1:52pm
oh and one more thing. i told you so.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #188,060
  • Aug 7, 2009 1:59pm Aug 7, 2009 1:59pm
Quoting Raza
GUESS I was Right.. AND held that LONG!!!

very nice bro ...thanks a lot ...


hopefully u can share more ur analysis with us .....
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