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

  • #206,481
  • Nov 1, 2009 6:30pm Nov 1, 2009 6:30pm
Quoting nedal26
CIT Group Inc., a 101-year-old commercial lender, filed for bankruptcy with financing from investor Carl Icahn after the credit crunch dried up its funding and a U.S. bailout and debt exchange offer failed. New York-based CIT listed $71 billion in assets and $64.9 billion in debt in a Chapter 11 filing in U.S. Bankruptcy Court for the Southern District of New York.
geez that was fast, no need to subscribe to a news service.
  • #206,482
  • Nov 1, 2009 6:42pm Nov 1, 2009 6:42pm
What is it with the spreads at OANDA?... It is still like weekend...
  • #206,483
  • Nov 1, 2009 6:43pm Nov 1, 2009 6:43pm
Quoting nedal26
CIT Group Inc., a 101-year-old commercial lender, filed for bankruptcy with financing from investor Carl Icahn after the credit crunch dried up its funding and a U.S. bailout and debt exchange offer failed. New York-based CIT listed $71 billion in assets and $64.9 billion in debt in a Chapter 11 filing in U.S. Bankruptcy Court for the Southern District of New York.
I think this was built into the market. It seems that they are filing for chapter 11 to get rid of all debt that they borrowed from tax payer ... about 10 billion worth of loss to US tax payer.and they will come form the ashes as something new. Just like GM did....
Blogging daily now at www.volume.zone
  • #206,484
  • Nov 1, 2009 6:53pm Nov 1, 2009 6:53pm
Quoting malcolmb14
I think this was built into the market. It seems that they are filing for chapter 11 to get rid of all debt that they borrowed from tax payer ... about 10 billion worth of loss to US tax payer.and they will come form the ashes as something new. Just like GM did....
Note to all: In a typical 07-09 US financial institutial bankruptcy the order of payout goes:

1. Goldman Sachs
2. Other Counterparties
3. Executive performance bonuses
4. Executive Golden-Handshakes
5. Senior level performance bonuses
6. Politician kickbacks
7. Lobbyists
8. Senior Debt Holders
9. Junior Debt Holders
10. Equity
11. Treasury
12. Taxpayers a.k.a. "the peasantry"

100% of the time monies dispersed will only be sufficient to cover at the most to level 7 in the food chain. Bankruptcy, the new booming business.
  • #206,485
  • Nov 1, 2009 8:47pm Nov 1, 2009 8:47pm
is everyone sleeping here?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #206,486
  • Nov 1, 2009 8:52pm Nov 1, 2009 8:52pm
Quoting KillerWhale
is everyone sleeping here?
I'm not.

I'm watching my HSI tracker at the 50% fib of the upmove from 02-Oct till 23-Oct. Looks like it is rejecting.

Holding shorts.
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  • #206,487
  • Nov 1, 2009 9:09pm Nov 1, 2009 9:09pm
Refer to the " Technical analysis of the financial markets" By John J. Murphy

http://tinyurl.com/yb22j8p


If the 139.00 level breaks ( neckline) look out below..

Complex Head and Shoulder with:

Double heads with left and right shoulders according to the book.


Zig Zag line is still pointing down..If the 153.00 holds than this Complex pattern may play out...


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  • #206,488
  • Nov 1, 2009 9:11pm Nov 1, 2009 9:11pm
You think we will get to 139.000


Quoting rgitt05
Refer to the " Technical analysis of the financial markets" By John J. Murphy

http://tinyurl.com/yb22j8p


If the 139.00 level breaks ( neckline) look out below..

Complex Head and Shoulders with:

Double heads with left and right shoulders according to the book.



  • #206,489
  • Nov 1, 2009 9:13pm Nov 1, 2009 9:13pm
@ Forexdotcom they stop giving lev 200, they allow only 100, for 200 u can transfer account to UK.... any advice
  • #206,490
  • Nov 1, 2009 9:18pm Nov 1, 2009 9:18pm
Hopefully this year if the 153.00 holds..

IMHO

Trade your charts..

Fundamentals are real bad..

You be the judge..



Quoting Fusion
You think we will get to 139.000
[
  • #206,491
  • Nov 1, 2009 9:20pm Nov 1, 2009 9:20pm
Open an account overseas..



A Reduction in Leverage As of November 30, 2009, the NFA will implement amendments to the Financial Requirements Sections 11 and 12. The new amendments will require Forex Dealer Members ("FDMs") to collect a security deposit of 1% (100:1) of the notional value for specified currencies and 4% (25:1) of the notional value for all other currencies. The intended purpose of this new regulation is to protect over-leveraged traders and brokers alike.


Effective November 30, 2009, the NFA will implement a reduction in allowable leverage.

The NFA’s new regulation will limit leverage to 100:1 on the ten major currencies and 25:1 on all others. As a result, it is possible that open positions with insufficient funds to satisfy the new leverage requirements set forth by the NFA may receive a margin call and all open positions will be automatically closed at prevailing market rates.

Unlike most of our competitors, FX Solutions’ GTS platform calculates margin in real-time based on the currency pair traded. Margin required to sustain open positions is continuously affected by changes in the market rate.

Once the equity in your GTS trading account falls below the margin required to maintain all existing positions, ALL POSITIONS ARE LIQUIDATED at the prevailing market rates. Please review our Margin Policy for more information.


Quoting Pip_Doc
@ Forexdotcom they stop giving lev 200, they allow only 100, for 200 u can transfer account to UK.... any advice
[
  • #206,492
  • Nov 1, 2009 9:38pm Nov 1, 2009 9:38pm
Quoting rgitt05
Open an account overseas..



A Reduction in Leverage As of November 30, 2009, the NFA will implement amendments to the Financial Requirements Sections 11 and 12. The new amendments will require Forex Dealer Members ("FDMs") to collect a security deposit of 1% (100:1) of the notional value for specified currencies and 4% (25:1) of the notional value for all other currencies. The intended purpose of this new regulation is to protect over-leveraged traders and brokers alike.


Effective November 30, 2009, the NFA...
alpari already are not accepting us residents and fxpro are going to do it in 3 months.... something is going on
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #206,493
  • Nov 1, 2009 9:39pm Nov 1, 2009 9:39pm
Quoting djambazov84
alpari already are not accepting us residents and fxpro are going to do it in 3 months.... something is going on
fxcm pulled out of british columbia also had to change to a broker with higher margin requirements ... which is ok with me
Blogging daily now at www.volume.zone
  • #206,494
  • Nov 1, 2009 9:45pm Nov 1, 2009 9:45pm
Hello folks;
I'd like to join this humongous family ... Read a chunk from the start but things started to change in the thread. Would you be so kind and point me in the right direction as to getting caught up to the way you trade. Thank you.
  • #206,495
  • Nov 1, 2009 10:10pm Nov 1, 2009 10:10pm
You can start with www.babypips.com

This board have many styles of trading..Good Luck finding out how to trade.



Quoting pipimo88
Hello folks;
I'd like to join this humongous family ... Read a chunk from the start but things started to change in the thread. Would you be so kind and point me in the right direction as to getting caught up to the way you trade. Thank you.
[
  • #206,496
  • Nov 1, 2009 10:14pm Nov 1, 2009 10:14pm
can some one please tell where is gj going ...... i'm looking for short but cannot figure out where the right place to create it .... just to hear u guy ... i need an opinion.... tq
  • #206,497
  • Nov 1, 2009 10:26pm Nov 1, 2009 10:26pm
Quoting srekcah24
can some one please tell where is gj going ...... i'm looking for short but cannot figure out where the right place to create it .... just to hear u guy ... i need an opinion.... tq
I am looking for sell somewhere in the 149 to 149.20 zone , missed long as am not able to take longs due to my rules , which have kept me out of good trades 20% of the time , but out of losing trades 80% of the time..

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Blogging daily now at www.volume.zone
  • #206,498
  • Nov 1, 2009 10:34pm Nov 1, 2009 10:34pm
there seems to be sellers in 148.50 zone ...

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  • #206,499
  • Nov 1, 2009 10:46pm Nov 1, 2009 10:46pm
Quoting malcolmb14
there seems to be sellers in 148.50 zone ...

Attachment
looking at higher TF.. MM does works.. 148.40 is a MM line..

[Chart]
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  • #206,500
  • Nov 1, 2009 10:52pm Nov 1, 2009 10:52pm
Quoting malcolmb14
lol .... that and big stack of porn mags ...lol
lool.. got them ready (under the bed), but no time for reading mate.. GY done awesome swing today: 170 down swing in sydney, 280p Up in asia..

Maybe I'll be more lucky in NY boring session..
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