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

  • #191,101
  • Aug 24, 2009 12:24pm Aug 24, 2009 12:24pm
Quoting malcolmb14
what lie ???.. never lol

[list][*]there are about 1000 banks to go down in next 2 years , right now 4 to 7 per week are going down , 81 this year to date[*]FDIC is broke and asking for more money[*]Airline stocks going up as oil goes up ???? something really wrong with that picture[*]Foreclosures highest ever in July..in fact work it out based on 100,000 houses per month , something like 150 billion loss...
wow.. that's a lot of info. Since my virtue is only technical analysis, I think I can rely on you for fundamental part.. Excellent job malc.. two thumbs up!!!
  • #191,102
  • Aug 24, 2009 12:32pm Aug 24, 2009 12:32pm
whatever it is malc. don't be to sure just yet, not until we break that range. Just a precaution.. if that range is taken out, I'm guessing we might get to 147 area and form the double top in daily before any kind of major rejection. happy trading bro..
  • #191,103
  • Aug 24, 2009 12:35pm Aug 24, 2009 12:35pm
4 hour .. really not sure why everyone going long

triangle base at 153.60 ... that is my target now.

selling rallies for now.


Attached Image (click to enlarge)
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  • #191,104
  • Aug 24, 2009 12:36pm Aug 24, 2009 12:36pm
Quoting msniper
alright guys time to take a break i will be back after daily close

as you can see my harmonic pattern in 15min , 1h is already created

the possible bounce area is wide between 154 to 154.80 i suggest 154.25 may be

so the plan is once EJ reach 134 to 134.50 i suggest 134.35 i might go long in GJ depend in which level it will be

good luck every one
are you sure?
MY OPINION NOT FINANCIAL ADVISE
  • #191,105
  • Aug 24, 2009 12:38pm Aug 24, 2009 12:38pm
Quoting malcolmb14
4 hour .. really not sure why everyone going long

triangle base at 153.60 ... that is my target now.

selling rallies for now.


Attachment
long or short it is just personal choice. I trust they are trading what they believe. Technically, I don't see any support for long position. That is why I am asking you, maybe there is a reason fundamentally for it to go up. thanks for the info malc..
  • #191,106
  • Aug 24, 2009 12:38pm Aug 24, 2009 12:38pm
Quoting A-speculator
wow.. that's a lot of info. Since my virtue is only technical analysis, I think I can rely on you for fundamental part.. Excellent job malc.. two thumbs up!!!
I am a technical trader also ..... but i see this stuff on the news and I wonder what they are up to . I have not seen once on CNBC about foreclosures being highest ever in July. They hide this stuff. I have long term investments that I have to look after (stock market stuff)

day to day fx I just trade what i see.

As of now ES (s&p emini) is testing Fridays close....could end on doji
Blogging daily now at www.volume.zone
  • #191,107
  • Aug 24, 2009 12:43pm Aug 24, 2009 12:43pm
Quoting donfriday
are you sure?
yes bro i am bullish unless we break 153.40 .

remember my old senario still vaild but i prefer i see daily close then i decide to go long or not

but if you mean if i am sure about the exact targets for EJ and GJ in 1h chart no i am not sure its just predection

we finshed C and started the 4th wave

we finshed the first wave from the 4th wave and now we are creating the 2nd wave

so i will take the bus starting the 3rd wave which is the longest and most powerful one
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  • #191,108
  • Aug 24, 2009 12:44pm Aug 24, 2009 12:44pm
Quoting A-speculator
long or short it is just personal choice. I trust they are trading what they believe. Technically, I don't see any support for long position. That is why I am asking you, maybe there is a reason fundamentally for it to go up. thanks for the info malc..

5 min there are high vol pivots above us at 155.20 to 155.60. I would love to see a retracement up there right before Tokyo. I have often see this happen only to have tokyo open crush prices

High vol 7 days ago is 154 ... good target if those pesky asian markets come off a bit today

Fridays lower value area was 154.60 , below this is bearish if price remains under this area

of course anything can happen between now and then

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  • #191,109
  • Aug 24, 2009 12:57pm Aug 24, 2009 12:57pm
Quoting malcolmb14
5 min there are high vol pivots above us at 155.20 to 155.60. I would love to see a retracement up there right before Tokyo. I have often see this happen only to have tokyo open crush prices

High vol 7 days ago is 154 ... good target if those pesky asian markets come off a bit today

Fridays lower value area was 154.60 , below this is bearish if price remains under this area

of course anything can happen between now and then

Attachment
I would love to see a retracement to the 156.00 - neckline of the double top (1h). Don't know if it's ever get there or not but I think that is the best entry for short. Anyway, I am currently short @ 156.30 and added on @ 155.50 but already closed half of the position @ 155.15 just now. Currently I have limit order @ 156.00.. ahahhaa.. hopefully it gets there..
  • #191,110
  • Aug 24, 2009 1:17pm Aug 24, 2009 1:17pm
Quoting DubaiFX
i am Still Bearish..
just remember that we need a strong reason to be bullish here..

daily we are have 2ma resistence here..
i am shorting here 156.62
target will be 155.50. 100 pips doesnt look impossible..

chart is attached..
as i am saying from morning i am bearish..
and i am still bearish. i may retrace to 155.70 i will short again if reached tomorrow. anyways i am done for today..
happy pips to all...
Don't compare your Trades with Others
  • #191,111
  • Aug 24, 2009 1:26pm Aug 24, 2009 1:26pm
August 23, 2009:

* New buying by foreign banks, private equity possible

* Fees could eat up 25 pct of banks' pretax income in 2010


NEW YORK (Reuters) - A prominent banking analyst said Sunday that 150 to 200 more U.S. banks will fail in the current banking crisis, and the industry's payments to keep the Federal Deposit Insurance Corp afloat could eat up 25 percent of pretax income in 2010.

Richard Bove of Rochdale Securities said this will likely force the FDIC, which insures deposits, to turn increasingly to non-U.S. banks and private equity funds to shore up the banking system.

"The difficulty at the moment is finding enough healthy banks to buy the failing banks," Bove wrote.

The FDIC is expected on August 26 to vote on relaxed guidelines for private equity firms to invest in failed banks, after critics said previously proposed rules were too harsh and would actually dissuade firms from making investments.

Bove said "perhaps another 150 to 200 banks will fail," on top of 81 so far in 2009, adding stress to the FDIC's deposit insurance fund.

Three large failures this year -- BankUnited Financial Corp in May, and Colonial BancGroup Inc, Guaranty Financial Group Inc in August -- collectively cost the fund roughly $10.7 billion.

The fund had $13 billion at the end of March.

Regulators closed Guaranty's banking unit on Friday and sold assets of the Texas-based lender to Banco Bilbao Vizcaya Argentaria SA. The FDIC agreed to share in losses with the Spanish bank.

Bove said the FDIC will likely levy special assessments against banks in the fourth quarter of this year and second quarter of 2010.

He said these assessments could total $11 billion in 2010, on top of the same amount of regular assessments. "FDIC premiums could be 25 percent of the industry's pretax income," he wrote


the economy is getting better for a collapse..









Quoting malcolmb14
after seeing today's action I think GU weekly will play out sooner rather than later and drop sub 1.6000 into 1.5000...
[
  • #191,112
  • Aug 24, 2009 1:39pm Aug 24, 2009 1:39pm
Quoting rgitt05
August 23, 2009:

* New buying by foreign banks, private equity possible

* Fees could eat up 25 pct of banks' pretax income in 2010


NEW YORK (Reuters) - A prominent banking analyst said Sunday that 150 to 200 more U.S. banks will fail in the current banking crisis, and the industry's payments to keep the Federal Deposit Insurance Corp afloat could eat up 25 percent of pretax income in 2010.

Richard Bove of Rochdale Securities said this will likely force the FDIC, which insures deposits, to turn increasingly to non-U.S. banks and private equity...

200 ? try 200 sitting waiting to be taken over as we speak . ONe bank three months ago BEGGED the fdic to take them over FDIC declined .. could not afford it

nice article on the usd , gold silver and the markets .. nice TA
http://seekingalpha.com/article/1579...nd-commodities
Blogging daily now at www.volume.zone
  • #191,113
  • Aug 24, 2009 1:48pm Aug 24, 2009 1:48pm
Quoting malcolmb14
200 ? try 200 sitting waiting to be taken over as we speak . ONe bank three months ago BEGGED the fdic to take them over FDIC declined .. could not afford it

nice article on the usd , gold silver and the markets .. nice TA
http://seekingalpha.com/article/1579...nd-commodities
Looks like 147 is destined for this week
  • #191,114
  • Aug 24, 2009 1:56pm Aug 24, 2009 1:56pm
I had a peak at dx daily and using vsa it seems Friday was a low volume test.

last low of dx gj was 1.700 and move to 1.6370
this low gu 1.6400 and could move to 1.5600.

This places gj 147 if this plays out

Timing based on symmetry 2 weeks max

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  • #191,115
  • Aug 24, 2009 1:57pm Aug 24, 2009 1:57pm
Quoting mktjong
Looks like 147 is destined for this week
hey michoo
the bulls at zoo till the end of the year

how are you bro hope u r doing well with this stupid range lol
  • #191,116
  • Aug 24, 2009 2:00pm Aug 24, 2009 2:00pm
Quoting warta
hey michoo
the bulls at zoo till the end of the year

how are you bro hope u r doing well with this stupid range lol
Ok bro, thanks. Made a few pips going short this morning. Hope u are doing fine too.
  • #191,117
  • Aug 24, 2009 2:03pm Aug 24, 2009 2:03pm
Quoting malcolmb14
I had a peak at dx daily and using vsa it seems Friday was a low volume test.

last low of dx gj was 1.700 and move to 1.6370
this low gu 1.6400 and could move to 1.5600.

This places gj 147 if this plays out

Timing based on symmetry 2 weeks max

Attachment
seemed to easy so looked at gu daily ... wow look at this VERY possible for GU to drop into 1.5800 by 1st week Sept.

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  • #191,118
  • Aug 24, 2009 2:04pm Aug 24, 2009 2:04pm
Quoting mktjong
Ok bro, thanks. Made a few pips going short this morning. Hope u are doing fine too.

lol i was busy all day buyin a new car
  • #191,119
  • Aug 24, 2009 2:08pm Aug 24, 2009 2:08pm
Quoting malcolmb14
seemed to easy so looked at gu daily ... wow look at this VERY possible for GU to drop into 1.5800 by 1st week Sept.

Attachment
and this futures chart I posted on weekend.... now looking bearish with todays reversal day after a doji

bear in mind i am a day trader ... I have been holding a short gu since 1.6950 .. have been going on about the weekly for about 6 weeks now abd how a 3000 pip drop is coming.

lets just re visit that ...2nd chart , highest volume candle in 5 years was 4 weeks back , 2007 top took 4 weeks then drop ... we have the SAME pattern now BTW THIS WEEK IS WEEK 4 !!!!

Attached Image (click to enlarge)
Click to Enlarge Name: chart378.png Size: 254 KB


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  • #191,120
  • Aug 24, 2009 2:16pm Aug 24, 2009 2:16pm
Just a month ago this guy said recession is over
http://www.bloomberg.com/apps/news?p...d=aXbZZWXPR5mw
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