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

  • #190,021
  • Aug 20, 2009 9:23am Aug 20, 2009 9:23am
SELL DOW INDEX....
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  • #190,022
  • Aug 20, 2009 9:24am Aug 20, 2009 9:24am
Quoting malcolmb14
ok this market is getting right on my nerves ... us hardest session to trade these days

NEW YORK (MarketWatch) -- Oil futures pared most of their gains on Thursday after an index of leading economic indicators rose in July and the Philadelphia Federal Reserve's index on manufacturing turned positive. Separate data showed that mortgage delinquencies hit another record. Crude for September delivery was last up 8 cents to $72.50 a barrel in electronic trading on Globex. The September crude contract will expire at Thursday's close. October oil futures,...

sounds like a nice CL short closing contract on highs
"Millionaires don't use astrology, billionaires do"
  • #190,023
  • Aug 20, 2009 9:26am Aug 20, 2009 9:26am
Quoting OrionsWay
sounds like a nice CL short closing contract on highs
already shorted CL..... on the manipulation yesterday
Blogging daily now at www.volume.zone
  • #190,024
  • Aug 20, 2009 9:29am Aug 20, 2009 9:29am
Quoting malcolmb14
already shorted CL..... on the manipulation yesterday

hang tight prolly many many K trade over the next few months, maybe dip a toe into the front months as well, save doing so on expirations
"Millionaires don't use astrology, billionaires do"
  • #190,025
  • Aug 20, 2009 9:31am Aug 20, 2009 9:31am
Quoting OrionsWay
hang tight prolly many many K trade over the next few months, maybe dip a toe into the front months as well, save doing so on expirations

thanks will do .....
Blogging daily now at www.volume.zone
  • #190,026
  • Aug 20, 2009 9:46am Aug 20, 2009 9:46am
Quoting malcolmb14
ok this market is getting right on my nerves ... us hardest session to trade these days

NEW YORK (MarketWatch) -- Oil futures pared most of their gains on Thursday after an index of leading economic indicators rose in July and the Philadelphia Federal Reserve's index on manufacturing turned positive. Separate data showed that mortgage delinquencies hit another record. Crude for September delivery was last up 8 cents to $72.50 a barrel in electronic trading on Globex. The September crude contract will expire at Thursday's close. October oil futures,...
not really. oil going up at this juncture is bullish. maybe not good for a nice smooth recovery but hey that's the market these days.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #190,027
  • Aug 20, 2009 9:47am Aug 20, 2009 9:47am
I can hear the echo down below...

Fitch ratings agency has downgraded two major UK banks and a few major European banks...

Buy on bad news and sell on good news..




Quoting malcolmb14
ok this market is getting right on my nerves ... us hardest session to trade these days

NEW YORK (MarketWatch) -- Oil futures pared most of their gains on Thursday after an index of leading economic indicators rose in July and the Philadelphia Federal Reserve's index on manufacturing turned positive. Separate data showed that mortgage delinquencies hit another record. Crude for September delivery was last up 8 cents to $72.50 a barrel in electronic trading on Globex. The September crude contract will expire at Thursday's close. October oil futures,...
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  • #190,028
  • Aug 20, 2009 9:49am Aug 20, 2009 9:49am
Quoting malcolmb14
ok this market is getting right on my nerves ... us hardest session to trade these days

bloody manipulation in the US session
ok, at least I'm not the only one getting aggravated by this PA....



I have this image in my head,

(phone rings) ... "yes Mr. President"

Obama: "Timmy, Everything's ready to go. Trade Station's loaded on your laptop, and Ben set up the T3 Node into the Federal Reserve Account"

Geithner: "OK, 10 million a pip should be a good start...ready, set , buy!"

(click)

Geither: "whhheeee look at that sucker go!"

Obama: "Green shoots baby"

  • #190,029
  • Aug 20, 2009 9:55am Aug 20, 2009 9:55am
Quoting DubaiFX
it happens bro what i like about some ppl is they stick to what they say ..

i have seen here ppl most of them are 1 minute they are bullish 2nd monite they are brearish.. anyways
good luck next time
i was bearish from morning and i am till knwo my target is 15400
i will close half and other half is 147.xx it looks crazy but next week we may see
Well, frankly I am still bullish unless 153.50 is taken out. I really think it will break up before touching its lowest point but right now I am fed up with the PA and will just stay sideline atm. There's no point enter the market with PA like this, and a swinger like me.. I know I won't make any profit with current PA. Hopefully by next week we will have a clearer picture where its heading.
  • #190,030
  • Aug 20, 2009 9:59am Aug 20, 2009 9:59am
probable end up going down here. this week is filled with uncertainty so I think i'm done. I don't want to get stuck in a bad trade. gl pals.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #190,031
  • Aug 20, 2009 10:03am Aug 20, 2009 10:03am
Quoting Fudomyo
ok, at least I'm not the only one getting aggravated by this PA....



I have this image in my head,

(phone rings) ... "yes Mr. President"

Obama: "Timmy, Everything's ready to go. Trade Station's loaded on your laptop, and Ben set up the T3 Node into the Federal Reserve Account"

Geithner: "OK, 10 million a pip should be a good start...ready, set , buy!"

(click)

Geither: "whhheeee look at that sucker go!"

Obama: "Green shoots baby"

lol .... I like that
Blogging daily now at www.volume.zone
  • #190,032
  • Aug 20, 2009 10:14am Aug 20, 2009 10:14am
The reason I think the price will go up is because it started to form higher low but in the same time it form lower high (4h). In my opinion, maybe a wedge is in the making and that's is why I will stay out from the market until I can see clear direction of the price. Anyway, if I am right about the wedge, there is a high probability that it will go up rather than going down (a wedge normally indicate that wave 5 is completed and will bring reversal). Happy trading guys..
  • #190,033
  • Aug 20, 2009 10:40am Aug 20, 2009 10:40am
Quoting Fudomyo
ok, at least I'm not the only one getting aggravated by this PA....



I have this image in my head,

(phone rings) ... "yes Mr. President"

Obama: "Timmy, Everything's ready to go. Trade Station's loaded on your laptop, and Ben set up the T3 Node into the Federal Reserve Account"

Geithner: "OK, 10 million a pip should be a good start...ready, set , buy!"

(click)

Geither: "whhheeee look at that sucker go!"

Obama: "Green shoots baby"

Nice one

Geithner should listen to the old Sage of Omaha.

http://www.nytimes.com/2009/08/19/op...buffett&st=cse

Some excerpts :

To understand this threat, we need to look at where we stand historically. If we leave aside the war-impacted years of 1942 to 1946, the largest annual deficit the United States has incurred since 1920 was 6 percent of gross domestic product. This fiscal year, though, the deficit will rise to about 13 percent of G.D.P., more than twice the non-wartime record. In dollars, that equates to a staggering $1.8 trillion. Fiscally, we are in uncharted territory.


Legislators will correctly perceive that either raising taxes or cutting expenditures will threaten their re-election. To avoid this fate, they can opt for high rates of inflation, which never require a recorded vote and cannot be attributed to a specific action that any elected official takes. In fact, John Maynard Keynes long ago laid out a road map for political survival amid an economic disaster of just this sort: “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.... The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”


But it was a wise man who said, “All I want to know is where I’m going to die so I’ll never go there.” We don’t want our country to evolve into the banana-republic economy described by Keynes.
  • #190,034
  • Aug 20, 2009 10:43am Aug 20, 2009 10:43am
Quoting A-speculator
The reason I think the price will go up is because it started to form higher low but in the same time it form lower high (4h). In my opinion, maybe a wedge is in the making and that's is why I will stay out from the market until I can see clear direction of the price. Anyway, if I am right about the wedge, there is a high probability that it will go up rather than going down (a wedge normally indicate that wave 5 is completed and will bring reversal). Happy trading guys..
I'd take any pattern with a grain of salt right now. We're in a holding pattern until Geithner speaks. closed my short earlier but still bearish sentiment until we hit 153.7 area. We may get a small bounce to 156 before the trip down.
  • #190,035
  • Aug 20, 2009 10:57am Aug 20, 2009 10:57am
The channel is getting smaller as the ping pong continues forming a wedge..

Due for a breakout downward or upward..

I prefer downward because the PA respects the downward channel nicely..

The fundamentals is all bearish..

This weekend or mid next week TA should playout for breakout..

Maybe today..Who knows what the big players are doing..

Trade your charts..

Trend is your friend.

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  • #190,036
  • Aug 20, 2009 11:09am Aug 20, 2009 11:09am
Quoting rgitt05
The channel is getting smaller as the ping pong continues forming a wedge..

Due for a breakout downward or upward..

I prefer downward because the PA respects the downward channel nicely..

The fundamentals is all bearish..

This weekend or mid next week TA should playout for breakout..

Maybe today..Who knows what the big players are doing..

Trade your charts..

Trend is your friend.


RG ? how u bend yur trendlines directly on chart like that or is it an edit after the fact?
"Millionaires don't use astrology, billionaires do"
  • #190,037
  • Aug 20, 2009 11:21am Aug 20, 2009 11:21am
I use the "snagit "program to draw lines..

www.techsmith.com



I hope the PA follows my lines..

Quoting OrionsWay
RG ? how u bend yur trendlines directly on chart like that or is it an edit after the fact?
[
  • #190,038
  • Aug 20, 2009 11:31am Aug 20, 2009 11:31am
Quoting rgitt05
I use the "snagit "program to draw lines..

www.techsmith.com



I hope the PA follows my lines..
I am looking for free not trial version of SnagIt. Is there any?
Thanks.
  • #190,039
  • Aug 20, 2009 11:32am Aug 20, 2009 11:32am
Quoting A-speculator
Well, frankly I am still bullish unless 153.50 is taken out. I really think it will break up before touching its lowest point but right now I am fed up with the PA and will just stay sideline atm. There's no point enter the market with PA like this, and a swinger like me.. I know I won't make any profit with current PA. Hopefully by next week we will have a clearer picture where its heading.
Agreed, looking at the daily we should see one more up move - 158.50/159 area before we head on down to 150 area. . . Last time to get short before the 146/143/139/137 figure. . .
  • #190,040
  • Aug 20, 2009 11:34am Aug 20, 2009 11:34am
Q, whats up bro. fking sucks dont have access to SKYPE or MT4 at work. Sucksssss. What the f is happening to EU and UCAD bro>?
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