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

  • #200,301
  • Sep 27, 2009 8:30pm Sep 27, 2009 8:30pm
Quoting sinned
interestingly enough I was in the book store this morning when I found two massive displays of books on last years crisis....everyone trying to make a buck describing how last year went down..... my contrarian radar started to go off which leads me to wonder if this may be an excellent buying opportunity with proper risk management....unless we see some other blow ups coming down the pipeline

then again the intraday moves have been fantastic so maybe this doesnt even matter really lol
Just like someone trying to sell you a trading system most of these books are just trying to describe to you things you most likely already know since you were in this market when things went down. trade what you see, not what other people see.
  • #200,302
  • Sep 27, 2009 8:30pm Sep 27, 2009 8:30pm
Here's to being arrogant and having peace of mind!

Quoting sinned
noob trading versus pro trading

noob trading = -6000 pips/day + 6 blown accounts + maxed out credit cards + losing girlfriend

pro trading = 300 pips/day + peace of mind and arrogance

  • #200,303
  • Sep 27, 2009 8:43pm Sep 27, 2009 8:43pm
Quoting Eulogy
Just like someone trying to sell you a trading system most of these books are just trying to describe to you things you most likely already know since you were in this market when things went down. trade what you see, not what other people see.
of course....but the majority of people will read the books and think "our economy is effed" and we get this type of corrections

charts say the trend is down but my gut says it's time to back up the truck and buy as much as you can lol
  • #200,304
  • Sep 27, 2009 8:51pm Sep 27, 2009 8:51pm
Quoting sinned
of course....but the majority of people will read the books and think "our economy is effed" and we get this type of corrections

charts say the trend is down but my gut says it's time to back up the truck and buy as much as you can lol
my gut feeling, i think the economy is effed, and that's without reading the book

Its just like what Big Arnie says concerning the level of debt in the system.
"Don't be economic girlie-man"
unfortunately even he had to put on a pink tutu when the construct collapsed around him.
  • #200,305
  • Sep 27, 2009 8:53pm Sep 27, 2009 8:53pm
hahahaha, true true
  • #200,306
  • Sep 27, 2009 8:55pm Sep 27, 2009 8:55pm
Thank you everyone for the insight this past year; especially rg. Every one of my efforts to scalp becomes a drop in the bucket before the KABOOM.
  • #200,307
  • Sep 27, 2009 8:56pm Sep 27, 2009 8:56pm
China future is negative before the 10pm opening..This may help push the GJ back down to the 140 level

Wait and see

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  • #200,308
  • Sep 27, 2009 9:01pm Sep 27, 2009 9:01pm
IMO, GU may retrace now a little before any futher fall
Do not follow my trades. Trade what you see on your own charts.
  • #200,309
  • Sep 27, 2009 9:05pm Sep 27, 2009 9:05pm
Quoting rgitt05
China future is negative before the 10pm opening..This may help push the GJ back down to the 140 level

Wait and see

???
Chinese markets have already been open 30 mins now

SSE +7.6
HSI -230.5
  • #200,310
  • Sep 27, 2009 9:10pm Sep 27, 2009 9:10pm
China open at 10pm..You are looking at future



Quoting Eulogy
???
Chinese markets have already been open 30 mins now

SSE +7.6
HSI -230.5
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  • #200,311
  • Sep 27, 2009 9:12pm Sep 27, 2009 9:12pm
Yen Rises to 8-Month High on Repatriation, Intervention Concern

Sept. 28 (Bloomberg) -- The yen rose to the highest level in eight months versus the dollar on prospects Japanese exporters are repatriating profits before the fiscal first half ends this week

Japan’s currency gained on expectations the nation’s exporters are taking advantage of an April 1 rule change that waives taxes on repatriated profits. Under previous laws, companies had to pay a combined 40 percent tax on overseas earnings. The first half of Japan’s fiscal year ends Sept. 30.

http://www.bloomberg.com/apps/news?p...d=ako.b5g1_ios
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  • #200,312
  • Sep 27, 2009 9:14pm Sep 27, 2009 9:14pm
Gooood morning ! from where I sit in anycase....

At last some proper volatility ....up and down...

It is colourfull in China....

Have a good week all!
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  • #200,313
  • Sep 27, 2009 9:18pm Sep 27, 2009 9:18pm
Quoting I like steak
Gooood morning ! from where I sit in anycase....

At last some proper volatility ....up and down...

It is colourfull in China....

Have a good week all!
Wow, this place must contain a lot of minerals or metals
  • #200,314
  • Sep 27, 2009 9:18pm Sep 27, 2009 9:18pm
Its all about the percentages, for me that is. I don't care if I net 10 pips or 1000 pips in a month, as long as I am making my monthly percent.

Que

Quoting rgitt05
As long as we are this FF making pips..

It all about making pips..
Que
  • #200,315
  • Sep 27, 2009 9:22pm Sep 27, 2009 9:22pm


Quoting Que
Its all about the percentages, for me that is. I don't care if I net 10 pips or 1000 pips in a month, as long as I am making my monthly percent.

Que
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  • #200,316
  • Sep 27, 2009 9:23pm Sep 27, 2009 9:23pm
Quoting mktjong
Wow, this place must contain a lot of minerals or metals
Yeah, I was watching the Singapore F1 on Sunday and saw all those lights and thought the same....haven't been in the East before but apparently very viby....according to Jacko.
  • #200,317
  • Sep 27, 2009 9:25pm Sep 27, 2009 9:25pm
Quoting rgitt05
China open at 10pm..You are looking at future

10 PM CDT or EDT?
  • #200,318
  • Sep 27, 2009 9:27pm Sep 27, 2009 9:27pm
I watched CNBC Asia at 10 pm EDT



Quoting mktjong
10 PM CDT or EDT?
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  • #200,319
  • Sep 27, 2009 9:28pm Sep 27, 2009 9:28pm
Quoting rgitt05
China open at 10pm..You are looking at future

this says its open
http://www.2009.worldmarkethours.com/Stock/index.htm

i don't know, my reuters feed for the SSE/HSI equity indicies has been ticking for about an hour now
  • #200,320
  • Sep 27, 2009 9:33pm Sep 27, 2009 9:33pm
The reporters said 30min into china market as I post this.

CNBC asia:

China reporters everyday that I look at it say market open 10pm EDT





Quoting Eulogy
this says its open
http://www.2009.worldmarkethours.com/Stock/index.htm

i don't know, my reuters feed for the SSE/HSI equity indicies has been ticking for about an hour now
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