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

  • #188,561
  • Aug 11, 2009 8:01pm Aug 11, 2009 8:01pm
Quoting england33
long
is that the russian HMA line?
  • #188,562
  • Aug 11, 2009 8:01pm Aug 11, 2009 8:01pm
Quoting Eulogy
the disturbing thing with this JPM case is not just with the scope of the scandal but the fact that this lack of internal control where the bank's money and customer monies has been mixed in the same gambling fund pool has been going on as far back as 2002.

That and the fact that former PM Tony Blair works there as a senior consultant.
it just seems that corruption is everywhere in the world.

the western world knocks Third world countries for their corrupt governments , but our really are no better , they seemd to have been getting away with it till recently when the banks have come under closer scrutiny

foreclosuyres running very high , more than 80,000 houses per month right now and by end of year hlaf of americans will have negative equity , taking the rate of bankruptcies up , 80,000 is something like 200 billion loss to banks depending on what you assume average mortgage to be. so that means that in fact q1 and q2 this year banks lost 100 billion , yet due to recent change in mark to market rulings this has not shown up anywhere
Blogging daily now at www.volume.zone
  • #188,563
  • Aug 11, 2009 8:09pm Aug 11, 2009 8:09pm
Quoting england33
long
very shallow flag .....be careful on that long , could go as high as 159 though , but rsx in red right maybe weakness off 158.4

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Blogging daily now at www.volume.zone
  • #188,564
  • Aug 11, 2009 10:00pm Aug 11, 2009 10:00pm
Quoting england33
long
It might help to use two stochastic speeds as they sometimes help you to distinguish between a retrace and a reversal. Use it on many time frames. In this case the 5 stochastic moved up but the 14 didn't and more than often the 5 needs to come back to the 14. If the 14 starts to cross up then forget it. Longer time frames show a possibility but move to shorter times and a breakout for a good entry. Keep checking many time frames. I sometimes horizontal tile the screen to show 4 time frames on the same screen. Hope you find it useful.
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  • #188,565
  • Aug 11, 2009 10:11pm Aug 11, 2009 10:11pm
Long? good call (LOL).
  • #188,566
  • Aug 11, 2009 10:26pm Aug 11, 2009 10:26pm
Quoting dvdsurplus
Long? good call (LOL).
long
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Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #188,567
  • Aug 11, 2009 10:52pm Aug 11, 2009 10:52pm
Quoting dvdsurplus
Long? good call (LOL).
go short
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #188,568
  • Aug 12, 2009 1:04am Aug 12, 2009 1:04am
Despite the severity of this fall, price still hasn't reached the 38% fibo from the last 147-163 up move. (157). The 50% fibo sits at 155.10.
Would be dangerous to go long when we're so close to the 38%.

Looking at the Daily TF, this move shouldn't be seen as anything more than a much needed retracement. Talk of tanking below 150 etc is premature. If we get there, fine, but there are fibo levels I will be watching first.

Step by step.

157, 155.10, 153.23, 150.90, 147.12.

  • #188,569
  • Aug 12, 2009 1:19am Aug 12, 2009 1:19am
Quoting ukdaytrader
Despite the severity of this fall, price still hasn't reached the 38% fibo from the last 147-163 up move. (157). The 50% fibo sits at 155.10.
Would be dangerous to go long when we're so close to the 38%.

Looking at the Daily TF, this move shouldn't be seen as anything more than a much needed retracement. Talk of tanking below 150 etc is premature. If we get there, fine, but there are fibo levels I will be watching first.

Step by step.

157, 155.10, 153.23, 150.90, 147.12.

looking at 156 level before a momentary pause, until fomc fly kite.
Thank You
  • #188,570
  • Aug 12, 2009 1:32am Aug 12, 2009 1:32am
Quoting wormboy
looking at 156 level before a momentary pause, until fomc fly kite.
When you say fly kite, you think they'll raise rates?

I watch Aussie/Yen too and there is the same 38% fibo at 77.70. If GY breaks it's own 38% level, it's a reasonable risk/reward to assume AY will go down further too.
  • #188,571
  • Aug 12, 2009 1:34am Aug 12, 2009 1:34am
Daily in strong downtrend but by the time price reaches 156.50 zone (possibly earlier..who knows) 4Hr and below stochastics will all be at the bottom which often results in something of a bounce/retrace of the downmove. Just something to watch out for and to be ready if it happens....
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  • #188,572
  • Aug 12, 2009 1:50am Aug 12, 2009 1:50am
hi all

i am in sell, can it go down more than .50 or .55

nice ,
  • #188,573
  • Aug 12, 2009 1:56am Aug 12, 2009 1:56am
Quoting shabane1
hi all

i am in sell, can it go down more than .50 or .55

nice ,

156.50 reaches

down or up ?
  • #188,574
  • Aug 12, 2009 2:28am Aug 12, 2009 2:28am
Smaller time frames always have cycles within the next time frame up and so on. We seem to be in a strong Daily down trend so wouldn't trade up just now. That shouldn't be until we have had a double bottom, some consolidation, and wait until something like the 1 hour 14 CCI turns up or the Gann flips. It's just good if you can catch bounces and get the same bit of down trend twice. Depending on the strength of the move, retraces like to touch the 5m, 15m, 30m 5 or 8 EMA. .....Didn't bounce much off 156.50... lol...so strong downtrend just now....Also watch the direction of equities especially the S&P
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  • #188,575
  • Aug 12, 2009 2:53am Aug 12, 2009 2:53am
Quoting england33
long
Hows your buying going?
  • #188,576
  • Aug 12, 2009 2:55am Aug 12, 2009 2:55am
Quoting dvdsurplus
Hows your buying going?
  • #188,577
  • Aug 12, 2009 2:55am Aug 12, 2009 2:55am
Patience
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Markets are not Random, they are designed!
  • #188,578
  • Aug 12, 2009 2:56am Aug 12, 2009 2:56am
my chat thta's how i see GJ today

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  • #188,579
  • Aug 12, 2009 3:04am Aug 12, 2009 3:04am
Quoting dvdsurplus
Hows your buying going?
Not sure there's any need for that.
  • #188,580
  • Aug 12, 2009 3:24am Aug 12, 2009 3:24am
Quoting wormboy
looking at 156 level before a momentary pause, until fomc fly kite.

that's where we are now. congrats! sometimes i wonder whether you experts are part of a team determining direction. LOL. no. just joking. well done, Azim.
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