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

  • #6,481
  • Aug 10, 2007 2:02pm Aug 10, 2007 2:02pm
DOW last hour sell-off?
Trade what you see, not what you think.
  • #6,482
  • Aug 10, 2007 2:08pm Aug 10, 2007 2:08pm
Quoting karmostaji
Is that an Indian FM? I don't listen to Indian FM, I don't know but maybe it still exists
Yeah . . . indian, and sometimes the play some arabic too.

Lost a lot of money over the past weeks since the beginning of downfall - 251..... consistantly loosing - loosing faith, I was never really riligious now now trying to get into a habit of starting my day with Fazr. I am scared. Got any advise?????
  • #6,483
  • Aug 10, 2007 2:11pm Aug 10, 2007 2:11pm
Quoting digitizer123
Yeah . . . indian, and sometimes the play some arabic too.

Lost a lot of money over the past weekends since the beginning of downfall - 251..... consistantly loosing - loosing faith, I was never really riligious now now trying to get into a habit of starting my day with Fazr. I am scared. Got any advise?????
Take a break from trading. you need to have a clear mind to trade. you shouldn't try to revenge from the market. Trade on a demo account for a while, get your confidence back, then get back to trading a live account. study all the basics about forex if you haven't, you a solid understanding of the basics to do good in forex.
Trade what you see, not what you think.
  • #6,484
  • Aug 10, 2007 2:14pm Aug 10, 2007 2:14pm
Thanks Karmo . . . .
  • #6,485
  • Aug 10, 2007 2:19pm Aug 10, 2007 2:19pm
Quoting karmostaji
DOW last hour sell-off?
Either that or they might try to push the market up to end the week with a plus.
  • #6,486
  • Aug 10, 2007 2:25pm Aug 10, 2007 2:25pm
I think most people would want to minimize their risk. who knows what news might come out over the weekend. The stock market should drop.

Of course, the government would really want the market to end on a high note. Bernake might be placing his buy orders as we speak.
  • #6,487
  • Aug 10, 2007 2:28pm Aug 10, 2007 2:28pm
I noticed everytime I enter a trade, the market goes the opposit way. This morning I entered short and market turned around at that same price after executing my trade. Too many seems to complain the same thing - I wonder if the central locations whatever that might be (Interbanks.. . .) playing us. I am not talking about dealing desks either. I am using a direct execution - ECN, no dealing desk yet feel as if though something is working against me. The trades I have made money has only worked out cause I was waiting till the trade turned in my favor. What % of your trade go in your favor right from the get go???
I am starting to think that the forex market is a big CASINO and the guys at the central location are always moving the market in the oppsite at least in the beginning to shake them off - unless you are trading during a busy time and they can't do much???? Laugh but I think there is some kind game being played here and I don't just mean the dealing desk - I have avoided the dealing desk broker yet still feel like something is playing against me???

Any comment???

Thanks
  • #6,488
  • Aug 10, 2007 2:30pm Aug 10, 2007 2:30pm
we are getting the spike up. Lets see if we get the spike down.
  • #6,489
  • Aug 10, 2007 2:31pm Aug 10, 2007 2:31pm
Quoting markam
I think most people would want to minimize their risk. who knows what news might come out over the weekend. The stock market should drop.

Of course, the government would really want the market to end on a high note. Bernake might be placing his buy orders as we speak.
reason for the spike up lol
Trade what you see, not what you think.
  • #6,490
  • Aug 10, 2007 2:34pm Aug 10, 2007 2:34pm
guess dow will end the day positive...seems that way
  • #6,491
  • Aug 10, 2007 2:34pm Aug 10, 2007 2:34pm
Big drop would be really sweet right now.
  • #6,492
  • Aug 10, 2007 2:36pm Aug 10, 2007 2:36pm
Quoting fourxtrader
I hope the dow moves up. Here's why... if the GJ should follow a mere 40 points this would create a very interesting weekly candle formation. Long upper and lower wicks (high and low) with 787 pips of movement range for the week but the open and the close would show no advance. ZERO Right now we're only down ~40 pips for the week.

Could this be another indicator of a reversal from the midterm retracement and a resumption of the long term trend?

Similar patterns with the AJ and EJ. The UJ however, has already moved back up in the direction of the long term trend on the weekly chart. The UJ is the leader.

At this very moment with 30 min left in trading, the dow has reversed much of it's losses (only down -14) and likewise the GJ has returned exactly to the point where it started at the beginning of the week. 239.77

Why would anyone hold a short position over a weekend?

now GJ up into the 80's
and dow turned positive
  • #6,493
  • Aug 10, 2007 2:36pm Aug 10, 2007 2:36pm
Before too many people check out of here for the weekend... Does anybody know how to get the code for the VT QQE indicator. There are better brains than me that have tried to crack this and get it into an MT4 indicator. I'm sure I'll fail miserably... But someday I'm going to have some spare time, and I might get an inspiration and throw my head at it...

Sometimes you've really got to work hard at killing that inspiration thing... A little failure is Sooooo good for the ego . But I bet we already know about that in spades, don't we?

Aus, I can't say thanks enough bro. I'm learning alot. Thanks for not checking out a couple days back. Ironicly that was the day I sort of got to the front of this group.... Didn't read everything from the start, but I made a sizeable time investment before jumping to the end here. Thanks to everybody else too, but Aus, I watch your words like a hawk (I make my own decisions, but I specially note your words), just like most everybody else here. -- Qman
  • #6,494
  • Aug 10, 2007 2:37pm Aug 10, 2007 2:37pm
The dow hit positive, lets see if it dives.
  • #6,495
  • Aug 10, 2007 2:41pm Aug 10, 2007 2:41pm
According to Markam Bernanke is trying his level best to close weekend on positive note lets see who wins Bernanke or Bears
  • #6,496
  • Aug 10, 2007 2:43pm Aug 10, 2007 2:43pm
Quoting The_Genious
According to Markam Bernanke is trying his level best to close weekend on positive note lets see who wins Bernanke or Bears
I'm rooting for the bears.
  • #6,497
  • Aug 10, 2007 2:43pm Aug 10, 2007 2:43pm
Quoting fourxtrader
At this very moment with 30 min left in trading, the dow has reversed much of it's losses (only down -14) and likewise the GJ has returned exactly to the point where it started at the beginning of the week. 239.77

Why would anyone hold a short position over a weekend?

now GJ up into the 80's
and dow turned positive
gotta agree with you there, looks like people selling off before the weekend, just seems like no one wants to hold on with so much uncertainty. I'm out of the market until at least monday europe open. crazy week, but i think dow is sitting right now, where it will close today.
  • #6,498
  • Aug 10, 2007 2:44pm Aug 10, 2007 2:44pm
Quoting fourxtrader
At this very moment with 30 min left in trading, the dow has reversed much of it's losses (only down -14) and likewise the GJ has returned exactly to the point where it started at the beginning of the week. 239.77

Why would anyone hold a short position over a weekend?

now GJ up into the 80's
and dow turned positive
Wht do u consider the long term trend for now Bullish or bearish Can u explain bit more da candle formation u r talking about
  • #6,499
  • Aug 10, 2007 2:45pm Aug 10, 2007 2:45pm
Quoting markam
I'm rooting for the bears.
me too
  • #6,500
  • Aug 10, 2007 2:45pm Aug 10, 2007 2:45pm
Quoting markam
I'm rooting for the bears.
No... Really... YOU a BEAR
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