Also, look at the US dollar index.. We're sitting at daily support.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #190,463
- Aug 21, 2009 8:48am Aug 21, 2009 8:48am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
It may be a camouflage by Asian big dogs, sell first and buy it back in European session ...
Regardless of how volatile it was, it came back to equilibrium (where it started). Fed is happy, BOJ is happy, BOE & ECB are happy. But all the 95% traders (losers) are left in dust and crying
thanks
somethin is fishy there
- #190,464
- Aug 21, 2009 8:49am Aug 21, 2009 8:49am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
They all keep polishing but a turd is still a turd
"Millionaires don't use astrology, billionaires do"
- #190,466
- Aug 21, 2009 8:53am Aug 21, 2009 8:53am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
where is everybody? all the bears kill in action already?Should I announce the end of bear market? maybe i'll wait until it really breaks the 50%..
on 3 hour doji right at 61.8 of last move
bearish ... now if we move down or not is up to housing and bernanke
there is also a 10 point gap to fill on s&p ..... I mean come on the ftse only moved up 1.26% not 5%
Blogging daily now at www.volume.zone
- #190,467
- Aug 21, 2009 8:55am Aug 21, 2009 8:55am
155.50 is the point of control for last 20 sessions below this bears have upper hand. I woke up shorted off this price level.
on 3 hour doji right at 61.8 of last move
bearish ... now if we move down or not is up to housing and bernanke
Attachment
- #190,468
- Aug 21, 2009 8:57am Aug 21, 2009 8:57am
i got only one question
why asia has been buying yens during almost full session ?
didnt they expect a bounce ? or maybe they knew what US would do ?
Appreciate ur responds
- #190,471
- Aug 21, 2009 9:00am Aug 21, 2009 9:00am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
155.50 is the point of control for last 20 sessions below this bears have upper hand. I woke up shorted off this price level.
on 3 hour doji right at 61.8 of last move
bearish ... now if we move down or not is up to housing and bernanke
there is also a 10 point gap to fill on s&p ..... I mean come on the ftse only moved up 1.26% not 5%
Attachment
- #190,472
- Aug 21, 2009 9:03am Aug 21, 2009 9:03am
- | Joined Oct 2008 | Status: Crocodile Trader | 1,127 Posts
Read the entire market, money is made on the main trend not the fluctuation
- #190,475
- Aug 21, 2009 9:09am Aug 21, 2009 9:09am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Good data, we are exploding to the up ..
yup .... housing data no surprise .....
now just got to see reaction
i saw video where houses just boarded up in some neighborhoods ... ones that used to be 900 k plus .. now you buy for 100 k or less
in some areas you buy house for 10 k .....
If banks did not just hold the houses and put them on markets , those that are 100 k would sell for 50 k as there is so much inventory out there.
California last month alone was 80,000 foreclosures , now banks have to sell those.
If they bought back mark to market banks profits next quarter would drop 30 to 40 % and that would kill markets.
sorry but houses in US are now cheaper than houses in third world countries
Blogging daily now at www.volume.zone
- #190,476
- Aug 21, 2009 9:10am Aug 21, 2009 9:10am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
- #190,477
- Aug 21, 2009 9:11am Aug 21, 2009 9:11am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #190,478
- Aug 21, 2009 9:11am Aug 21, 2009 9:11am
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
- #190,479
- Aug 21, 2009 9:14am Aug 21, 2009 9:14am
- Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts
Good data, we are exploding to the up ..
Before Forex I was tall, and clean shaven. Now I am an Ewok.