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

  • #190,601
  • Aug 22, 2009 11:59am Aug 22, 2009 11:59am
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  • #190,602
  • Aug 22, 2009 12:04pm Aug 22, 2009 12:04pm
daily gj looks like base for move up to test 160

however in looking at the 3 hour , we do have lower highs and even with the bullish market on Friday price came 15 pip shy of previous high and was sold into ( 140 pip drop off high in us session)

IF 156.60 and top of triangle holds we may see test 153.40 again to test demand
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  • #190,603
  • Aug 22, 2009 12:07pm Aug 22, 2009 12:07pm
Quoting malcolmb14
daily gj looks like base for move up to test 160

however in looking at the 3 hour , we do have lower highs and even with the bullish market on Friday price came 15 pip shy of previous high and was sold into ( 140 pip drop off high in us session)

IF 156.60 and top of triangle holds we may see test 153.40 again to test demand
3 hour chart

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  • #190,604
  • Aug 22, 2009 12:23pm Aug 22, 2009 12:23pm
Quoting mktjong
Maybe I am wrong, but am starting to see the Washington politics play into Dow, it is too big to fail as it would drag down the Washington as well ..
Hope my statement doesn't create any controversial arguments
OB cannot fail ..... or is he the pawn in this big game of chess. What if he is being set up to fail ? how would that reflect on the African American population ? there is sadly still alot of racism in this world ..and it would be a sad state of affairs if OB was being set up to fail .

The guy is an immaculate speaker .. hell when he talks about green shoots makes me want to throw my money into the market and buy everything out there ....lol

When you really look under the hood of the US economy you would be scared really scared .... banks failing at rate of 5 to 7 per week... and that is with mark to market abolished.

Is the uk any better ? spoke with my Mum today ..she had bad 2 weeks as the 200 year old company that she used to work for folded ... and her pension plan was on the line. Those that have been with the company 25 years and due for retirement get NO pensions after paying in for all these years .. now they are owneed by the Government. Think this is the only company in the uk going down and unemplyment isd above 10 % now. yet FTSE is at years high ......

China ...http://www.istockanalyst.com/article...icleid/3428665
the stock market has gone up 90% in august ... basedon good fundmentals of companies ... likely not .. based on the 1 trillion of loans that chinese banks have given out. These are for infrastructure loans and loans to keep the stock market afloat. What happens when the margins are called in when the investors lose their money as the companies they are investing in are worthless ? 1 trillion .......at risk ....and this is reported to be the economy that is going to lead us out of recession !!!! they are doing what the US banks did up to 2007

the fundamentals out there globaly do not support the current rapid rise in the stock markets. The stock markets are being driven up on hype and speculation . I mean how can the FTSE gain 20 % in a month ? the UK is in worse shapoe than the US .. how the hell is this good for the companies that are there

this has all the makings of the tech bubble. ..... any one was a trader they just bought and stocks went up .... but look at how many lost so much back then ....talk to 3 40 year olds 2 will say they lost money back then
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  • #190,605
  • Aug 22, 2009 12:31pm Aug 22, 2009 12:31pm
Thanks Malcomb for the great analysis, I check this thread from time to time for your and a choice few others input .
  • #190,606
  • Aug 22, 2009 12:35pm Aug 22, 2009 12:35pm
Yea I remember the stock market tech bubble...Thats why forex scalping is better ...less exposure
  • #190,607
  • Aug 22, 2009 12:54pm Aug 22, 2009 12:54pm
yes. it's right around the corner, i know it. the signs are everywhere, but the herd doesn't want to admit it... the problem is not what's gonna happen (because it will be very bad anyway) but what can we do for ourselves.
i'll have to withdraw all my money from my broker, bank, whatever - until it's not too late.

Quoting malcolmb14
The Great Depression was triggered by a sudden, total collapse in the stock market. The stock market turned upward in early 1930, returning to early 1929 levels by April, though still almost 30 percent below the peak of September 1929.[11...SOUNDS LIKE 2009 DOESN'T IT ?

and this

During the Crash of 1929 preceding the Great Depression, margin requirements were only 10%.[28]...
Nihil Sine Deo.
  • #190,608
  • Aug 22, 2009 1:06pm Aug 22, 2009 1:06pm
Also I would like to add... Obama agreed to the Bildenbergs terms he knew what he was getting into and what their agenda is... and he agreed to be the speaker for them... My question is why would anyone sell their soul to them knowing what it will do to the people of this country?

My only comfort is believing that hell has a special reserved section waiting for them
  • #190,609
  • Aug 22, 2009 1:10pm Aug 22, 2009 1:10pm
Half of my account mney, wiped out by Dj futures ...Still wonder what had happened with Dj lately, feel like being trapped by those big boys...Dj behaved very strange ...
  • #190,610
  • Aug 22, 2009 2:28pm Aug 22, 2009 2:28pm
cad is about to get a bunch of whop arse

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  • #190,611
  • Aug 22, 2009 2:42pm Aug 22, 2009 2:42pm
Quoting malcolmb14
cad is about to get a bunch of whop arse

Attachment
I love it when you talk dirty. May the loonie be brought to it`s overvalued knees . . .
"Don't trade to trade . . . trade to win." - James16
  • #190,612
  • Aug 22, 2009 2:49pm Aug 22, 2009 2:49pm
Quoting malcolmb14
the fundamentals out there globaly do not support the current rapid rise in the stock markets. The stock markets are being driven up on hype and speculation . I mean how can the FTSE gain 20 % in a month ? the UK is in worse shapoe than the US .. how the hell is this good for the companies that are there

this has all the makings of the tech bubble. ..... any one was a trader they just bought and stocks went up .... but look at how many lost so much back then ....talk to 3 40 year olds 2 will say they lost money back then
The fundalmentals don`t matter to the big banks. With the Fed buying treasuries , the primary dealers are flush with cash to speculate on stocks and commodities. It`s going to be really interesting to see how they handle all that supply next week though.

On Monday, we`ll see if the Dow has that down day. With billions of supply hitting the market next week, something is going to have get sold. And all this crap has been going up together (gold, silver, crude, stocks). The only thing not getting love is natural gas . . .
"Don't trade to trade . . . trade to win." - James16
  • #190,613
  • Aug 22, 2009 5:22pm Aug 22, 2009 5:22pm
as GS always at centre of things .. mmm .. stock market new year high. GS 4% to even test years high to date

what is wrong with this picture ?

i fact strength into 165 was sold into

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  • #190,614
  • Aug 22, 2009 6:06pm Aug 22, 2009 6:06pm
Quoting malcolmb14
as GS always at centre of things .. mmm .. stock market new year high. GS 4% to even test years high to date

what is wrong with this picture ?

i fact strength into 165 was sold into



Attachment
First, I'm a freaking newbie WHO DOES"NT KNOW MUCH and just wanted to let you know that I find you so generous of giving to others your knowledge. Mlcomb you are a HERO!!!
THANK YOU!!!!!!!!!!!!!!! FROM ALL OF US NEWBIES.
  • #190,615
  • Aug 22, 2009 6:20pm Aug 22, 2009 6:20pm
Quoting Sunny66
First, I'm a freaking newbie WHO DOES"NT KNOW MUCH and just wanted to let you know that I find you so generous of giving to others your knowledge. Mlcomb you are a HERO!!!
THANK YOU!!!!!!!!!!!!!!! FROM ALL OF US NEWBIES.
get a life
  • #190,616
  • Aug 22, 2009 7:29pm Aug 22, 2009 7:29pm
I never new this but mt4 doesn't show as many setups as other charts systems do. Do you guys know of any better ones that are free?
  • #190,617
  • Aug 22, 2009 8:07pm Aug 22, 2009 8:07pm
Quoting Pirin
get a life
be nice .... he /she was just paying me compliment for all the hard work I put into my postings
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  • #190,618
  • Edited 9:14pm Aug 22, 2009 8:37pm | Edited 9:14pm
OFF topic.. but I live Here.

Canadian Out look.. SCARY... Either Ways.

IF at 3... 0.50 .. Say hello to AMERO..

If at 1.50..Poverty..(beg for amero)

GET OFF.. Malcolmbs case...NO body else works harder than HIM...!!
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Markets are not Random, they are designed!
  • #190,619
  • Aug 22, 2009 9:51pm Aug 22, 2009 9:51pm
Quoting Raza
OFF topic.. but I live Here.

Canadian Out look.. SCARY... Either Ways.

IF at 3... 0.50 .. Say hello to AMERO..

If at 1.50..Poverty..(beg for amero)

GET OFF.. Malcolmbs case...NO body else works harder than HIM...!!
I doubt they will ever take it to .5 .... that would mean that us has to pay so much more for things they buy from us like lumber , gold , oil etc . US , sadly is our number 1 trade partner... that is why Canada is screwed ..we have just not acknowledged this yet as recession is over in BC rofl.. it has not even begun

4 months ago we bid construction jobs at 5% plus mark up and overhead and maybe there were 5 bidders , now we bid at 1.75 to 2% and are hammered every time ( highest bidder ) and there are 20 bidders .. and we are left at the end of the tender period scratching our heads wondering how the low bidder will ever complete the job for their price ( less than 0% overhead and mark up) . That is how things have changed in British Columbia in only4 months. Construction is a leading indicator of things to come.....
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  • #190,620
  • Aug 22, 2009 10:00pm Aug 22, 2009 10:00pm
Quoting malcolmb14
I doubt they will ever take it to .5 .... that would mean that us has to pay so much more for things they buy from us like lumber , gold , oil etc . US , sadly is our number 1 trade partner... that is why Canada is screwed ..we have just not acknowledged this yet as recession is over in BC rofl.. it has not even begun

4 months ago we bid construction jobs at 5% plus mark up and overhead and maybe there were 5 bidders , now we bid at 1.75 to 2% and are hammered every time ( highest bidder ) and there are 20 bidders .. and we are left at the end...
Yeah, things have slowed down here in Saskatchewan as well. You'll never hear it from the local mainstream media or the local politicians (provincial or city). Keep the CONfidence game going at all costs.
"Don't trade to trade . . . trade to win." - James16
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