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

  • #32,721
  • Sep 26, 2007 2:21pm Sep 26, 2007 2:21pm
Quoting Zoran
I don't see a wedge, only a symmetrical triangle. Someone mentioned a wedge but didn't point it out.

oops, sorry i was going so fast reading posts, i thought it was you.
  • #32,722
  • Sep 26, 2007 2:25pm Sep 26, 2007 2:25pm
The dow bounced off 13,900, but I have a feeling the bulls aren't done for the day.
  • #32,723
  • Sep 26, 2007 2:25pm Sep 26, 2007 2:25pm
DOW close to 13900, so we may not get to see the bottom of the bearish trendline..231.80 may hold and we may range till UK Session tomm
  • #32,724
  • Sep 26, 2007 2:25pm Sep 26, 2007 2:25pm
Quoting markam
That is great news, except I don't see it in the market. The dow has spent most of the day stuck around the opening level, and looks like it plans to close the day at that level.

MARKAM,

You're funny... in a sick, twisted way.

The civilized world as we know it is about to implode as the economy of the
US faces ruin and you are humored because it fits nicely into your trading plan....... LOL

Now of the otherhand, it's terrible news because I may have to share my dumpster with you!
  • #32,725
  • Sep 26, 2007 2:28pm Sep 26, 2007 2:28pm
Quoting markam
The dow bounced off 13,900, but I have a feeling the bulls aren't done for the day.

it's shooting up right now...
  • #32,726
  • Sep 26, 2007 2:29pm Sep 26, 2007 2:29pm
Quoting imransait
DOW close to 13900, so we may not get to see the bottom of the bearish trendline..231.80 may hold and we may range till UK Session tomm
Patience like karmo preaches
  • #32,727
  • Sep 26, 2007 2:32pm Sep 26, 2007 2:32pm
Quoting lilmoe
oops, sorry i was going so fast reading posts, i thought it was you.

you 'tickle me' lilmoe......


get it?
  • #32,728
  • Sep 26, 2007 2:32pm Sep 26, 2007 2:32pm
i am patient..but if DOW does not close below 13870 , then we may get to see a breakout of the upper trendline tommorrow
  • #32,729
  • Sep 26, 2007 2:35pm Sep 26, 2007 2:35pm
Here is my revised DOW chart. Friday or Monday is D-Day.

Looks like we are heading to retest the high. There is a chance it could break it but I'm banking on a failure.
Attached Image (click to enlarge)
Click to Enlarge Name: dow-daily.gif Size: 17 KB
  • #32,730
  • Sep 26, 2007 2:37pm Sep 26, 2007 2:37pm
Quoting fourxtrader
MARKAM,

You're funny... in a sick, twisted way.

The civilized world as we know it is about to implode as the economy of the
US faces ruin and you are humored because it fits nicely into your trading plan....... LOL

Now of the otherhand, it's terrible news because I may have to share my dumpster with you!
As I said before, I am not cheering on a recession. Instead, I am looking at the next 20 year period. The world is going to be forced into much lower energy usage, reduced population and the end of the endless growth economy model. The sooner the world (especially the US) acknowledges the problems, the better the chances are that we can solve them short of complete economic collapse/war.

Granted, I wanted the dow to go down so I could make money this afternoon, but that wasn't my only reason.
  • #32,731
  • Sep 26, 2007 2:38pm Sep 26, 2007 2:38pm
Quoting fourxtrader
you 'tickle me' lilmoe......


get it?

i'm glad you find me amusing

ps: i do
  • #32,732
  • Sep 26, 2007 2:39pm Sep 26, 2007 2:39pm
Quoting fourxtrader
MARKAM,

You're funny... in a sick, twisted way.

The civilized world as we know it is about to implode as the economy of the
US faces ruin and you are humored because it fits nicely into your trading plan....... LOL

Now of the otherhand, it's terrible news because I may have to share my dumpster with you!


  • #32,733
  • Sep 26, 2007 2:42pm Sep 26, 2007 2:42pm
That's it, US treasuries closed at a slight positive only. If coming Japanese treasuries is better or about equal, we may not see the break of the daily upper trend line. If quite stronger, we may see the D-day. Until then .. let's wait and see. http://www.forexfactory.com/images/icons/icon10.gif
Seems that the daily upper trend line is really hard to come by.
  • #32,734
  • Sep 26, 2007 2:44pm Sep 26, 2007 2:44pm
Quoting markam
As I said before, I am not cheering on a recession. Instead, I am looking at the next 20 year period. The world is going to be forced into much lower energy usage, reduced population and the end of the endless growth economy model. The sooner the world (especially the US) acknowledges the problems, the better the chances are that we can solve them short of complete economic collapse/war.

Granted, I wanted the dow to go down so I could make money this afternoon, but that wasn't my only reason.
That is so wise and yet, so funny. Couldn't have said it better misself.
Gone to a better place
  • #32,735
  • Sep 26, 2007 2:46pm Sep 26, 2007 2:46pm
Quoting mktjong
That's it, US treasuries closed at a slight positive only. If coming Japanese treasuries is better or about equal, we may not see the break of the daily upper trend line. If quite stronger, we may see the D-day. Until then .. let's wait and see. http://www.forexfactory.com/images/icons/icon10.gif
Seems that the daily upper trend line is really hard to come by.

i have to disagree. i'm showing that we're still in a bullish trend on my h4 and m30 charts. we might also be getting an inverted hammer on the latest h4 candle. lets wait an see.
  • #32,736
  • Sep 26, 2007 2:49pm Sep 26, 2007 2:49pm
Quoting lilmoe
i have to disagree. i'm showing that we're still in a bullish trend on my h4 and m30 charts. we might also be getting an inverted hammer on the latest h4 candle. lets wait an see.
did you buy a new car bro? I might take it from you lol jk
Trade what you see, not what you think.
  • #32,737
  • Sep 26, 2007 2:49pm Sep 26, 2007 2:49pm
Quoting lilmoe
i have to disagree. i'm showing that we're still in a bullish trend on my h4 and m30 charts. we might also be getting an inverted hammer on the latest h4 candle. lets wait an see.
If Japanesse treasuries closes weak today, then a big chance this trend line is gonna break, otherwise is very unlikey ..
  • #32,738
  • Sep 26, 2007 2:50pm Sep 26, 2007 2:50pm
I admit: I am sick too.

Quoting fourxtrader
MARKAM,

You're funny... in a sick, twisted way.

The civilized world as we know it is about to implode as the economy of the
US faces ruin and you are humored because it fits nicely into your trading plan....... LOL

Now of the otherhand, it's terrible news because I may have to share my dumpster with you!
  • #32,739
  • Sep 26, 2007 2:55pm Sep 26, 2007 2:55pm
Quoting karmostaji
did you buy a new car bro? I might take it from you lol jk

hehe, i don't remember losing any pips lately
  • #32,740
  • Sep 26, 2007 2:56pm Sep 26, 2007 2:56pm
Patience 230 and lower on the way.....
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