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

  • #206,921
  • Nov 5, 2009 3:12am Nov 5, 2009 3:12am
Quoting Islander
NP - here it is - you can set the ATR and the coeficient - just experiment and then check back over a few weeks. Also, you will notice that its values are time frame sensitive.....
Thanks...
  • #206,922
  • Nov 5, 2009 3:47am Nov 5, 2009 3:47am
bulls rule. here we go, lets continue the ride
Attached Image (click to enlarge)
Click to Enlarge Name: gu30m.png Size: 27 KB
  • #206,923
  • Nov 5, 2009 5:08am Nov 5, 2009 5:08am
Quoting cannarek
bulls rule. here we go, lets continue the ride
you do know they are probably going to announce either 25bn or 50bn more QE in 50 mins time right?!?

if the market sees that as good in any way compared to other countries that are already out of recession, then ill jump out the window.

right now gu looks like it was quickly marked down through the DPP and looks like its been sold twice on attempts to get back to DPP at 6520. 6500 is support....for now, until it gets obliterated in 50 mins
  • #206,924
  • Nov 5, 2009 5:19am Nov 5, 2009 5:19am
Quoting ewokuk
you do know they are probably going to announce either 25bn or 50bn more QE in 50 mins time right?!?

if the market sees that as good in any way compared to other countries that are already out of recession, then ill jump out the window.

right now gu looks like it was quickly marked down through the DPP and looks like its been sold twice on attempts to get back to DPP at 6520. 6500 is support....for now, until it gets obliterated in 50 mins
I am already out (see blog), +36 pips taken and watching... thank you, anyway
  • #206,925
  • Nov 5, 2009 5:41am Nov 5, 2009 5:41am
Good that he made some nice pips

I agree with you and am counting on it since I'm currently in a trade. I'm a bit close o my stop-loss now. I won't be moving my stop. Rules are rules. I'm in an AUD/JPY trade but the chart pattern is essentially he same as the gpb/jpy anyway, so the same news will affect the AUD/JPY in he same way.

Quoting ewokuk
you do know they are probably going to announce either 25bn or 50bn more QE in 50 mins time right?!?

if the market sees that as good in any way compared to other countries that are already out of recession, then ill jump out the window.

right now gu looks like it was quickly marked down through the DPP and looks like its been sold twice on attempts to get back to DPP at 6520. 6500 is support....for now, until it gets obliterated in 50 mins
  • #206,926
  • Nov 5, 2009 6:02am Nov 5, 2009 6:02am
BoE printing £25B more money. lol

Watch out below Sterling.
  • #206,927
  • Nov 5, 2009 6:04am Nov 5, 2009 6:04am
So 25bn was perceived as good news for sterling and it shoots up!!!??? I give up with this - no sense anymore

Ewokuk - you had better start jumping!!
  • #206,928
  • Nov 5, 2009 6:09am Nov 5, 2009 6:09am
Quoting ukdaytrader
BoE printing £25B more money. lol

Watch out below Sterling.
but 25 LESS than expected
  • #206,929
  • Nov 5, 2009 6:11am Nov 5, 2009 6:11am
Quoting pipmyride
but 25 LESS than expected
It's a load of bollox we can all see that. I expect a pretty big fall once the shakeouts are complete, but we'l see.....
  • #206,930
  • Nov 5, 2009 6:12am Nov 5, 2009 6:12am
Quoting pipmyride
but 25 LESS than expected
Yeah, hahahah...

Markets are so stupid sometimes I think...I mean, it's still bad news but it rallies. Oh well, markets are always right.
  • #206,931
  • Nov 5, 2009 6:14am Nov 5, 2009 6:14am
Quoting cannarek
I am already out (see blog), +36 pips taken and watching... thank you, anyway
bulls rule I won't say 'haven't I told you'
  • #206,932
  • Nov 5, 2009 6:17am Nov 5, 2009 6:17am
25 billion less than expected = good news LOL. Come on, you've got to be kidding me. Just 2 weeks ago after that ridiculous Fisher speech everyone was pricing in the BoE to completely stop QE. Just because a bunch of professors predicted 225 billion according to Bloomies doesn't mean that's actually priced in the market. If you take the reaction and levels since that Fisher speech you'll see that the market PA has priced in 0 QE.
  • #206,933
  • Nov 5, 2009 6:24am Nov 5, 2009 6:24am
Total value of money the BOE will create and use to purchase assets in the open market;
Usual EffectActual < Forecast = Good for currency;
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #206,934
  • Nov 5, 2009 6:26am Nov 5, 2009 6:26am
absolutely amazing

they add 25 BILLION pounds to extend QE and the market in all its stupidity obviously sees this as a good thing......purely because they didnt add 50bn LOL
  • #206,935
  • Nov 5, 2009 6:29am Nov 5, 2009 6:29am
Quoting ewokuk
absolutely amazing

they add 25 BILLION pounds to extend QE and the market in all its stupidity obviously sees this as a good thing......purely because they didnt add 50bn LOL
The market is never stupid and never wrong....

There is a tangible sense of relief that the outcome of the QE decision wasn't as negative for sterling, and related yields, as many had feared.
  • #206,936
  • Nov 5, 2009 6:30am Nov 5, 2009 6:30am
Quoting gillybabe
So 25bn was perceived as good news for sterling and it shoots up!!!??? I give up with this - no sense anymore

Ewokuk - you had better start jumping!!
i would be jumping if if i wasnt in stitches rolling around on the floor. one of the first things i ever noticed when i started looking at this is how stupid the market is. i dont think we need any more proof lol
  • #206,937
  • Nov 5, 2009 6:33am Nov 5, 2009 6:33am
HEY EVERY ONE..

can any one USE .. BROCO live Station Mt4??????


thanks
DRAGON-TECHNICAL ANALYSIS!
  • #206,938
  • Nov 5, 2009 6:33am Nov 5, 2009 6:33am
Quoting gammase1
The market is never stupid and never wrong....

There is a tangible sense of relief that the outcome of the QE decision wasn't as negative for sterling, and related yields, as many had feared.
the market *IS* stupid, but obviously never wrong.

a tangible sens of relief?? relief at what? it doesnt get much worse.

relative to other countries who are now out of recession and have NOT increased QE I fail to see how this can be seen as good in any way what so ever, relative to other countries (and currencies are relative to other currencies so....). we are still firmly in recession and have had the need to extend qe yet again. yes i guess thats good news then.

makes little difference either way, if it flies up after that then we may as well just buy buy buy.
  • #206,939
  • Nov 5, 2009 6:36am Nov 5, 2009 6:36am
Quoting ewokuk
the market *IS* stupid, but obviously never wrong.

a tangible sens of relief?? relief at what? it doesnt get much worse.

relative to other countries who are now out of recession and have NOT increased QE I fail to see how this can be seen as good in any way what so ever, relative to other countries.

makes little difference either way, if it flies up after that then we may as well just buy buy buy.
The market is not the stupid one in this debate, I promise you.

Trade what you see and never what you think.
  • #206,940
  • Nov 5, 2009 6:38am Nov 5, 2009 6:38am
Quoting ewokuk
the market *IS* stupid, but obviously never wrong.


makes little difference either way, if it flies up after that then we may as well just buy buy buy.
That's right. It shot up and so every other tom dick and harry jumped in as well. What's the bet this thing drops like a rock within the next hour or so?
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