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

  • #33,441
  • Sep 27, 2007 7:44am Sep 27, 2007 7:44am
dow up 25 points.
  • #33,442
  • Sep 27, 2007 7:44am Sep 27, 2007 7:44am
Quoting markam
We are obviously going to need a stake, a cross and holy water to kill the stock market.

markam maybe they want a new record high psychologically before falling down big time...

what would you say?
give me my pips back...
  • #33,443
  • Sep 27, 2007 7:45am Sep 27, 2007 7:45am
Quoting Lincoln_10
are we falling? or riding?

what do u think?
was that warning enough?
  • #33,444
  • Sep 27, 2007 7:47am Sep 27, 2007 7:47am
Quoting Lincoln_10
take a look at the median...
That open gap around 244-249 should be filled imo by looking at that chart.
  • #33,445
  • Sep 27, 2007 7:47am Sep 27, 2007 7:47am
Hmm, I've just realised that my DOW chart has the weekend factored into the cycle. That will probably push the timing out a couple of days?
  • #33,446
  • Sep 27, 2007 7:47am Sep 27, 2007 7:47am
Quoting Hakuna Matata
what do u think?
was that warning enough?
i dont have that TL in my program so i cant checkk
give me my pips back...
  • #33,447
  • Sep 27, 2007 7:47am Sep 27, 2007 7:47am
Quoting Hakuna Matata
ok--fasten seatbelts lol
Your probably close in your assumption of a lower area coming.

The FED cannot come and lower the Rate every month to try to prop the US Economy, somewhere the realization of what is going on is going to reveal itself, and once again we will see the next slide down.

So far we have had 2 major moves down from the perch at 251.00.

The first slide took GJ down 1300 pips or so, then the second one another 1800, so the third is anyone's guess.

Unless of course the FED comes to the false rescue and tries another emergency rate reduction. LOL

Until then, I am going to scalp, scalp, scalp.

Good trading to all.

Ken
  • #33,448
  • Sep 27, 2007 7:48am Sep 27, 2007 7:48am
Need advil from watching all of these predictions..lol
  • #33,449
  • Sep 27, 2007 7:49am Sep 27, 2007 7:49am
Quoting Lincoln_10
markam maybe they want a new record high psychologically before falling down big time...

what would you say?
We will get a correction after a new record. However, I think it will not collapse until the market is convinced they won't get any more rate cuts or until they absolutely cannot ignore a US economic collapse.

I am staying short right now. I don't think the market is going to be able to rise today.
  • #33,450
  • Sep 27, 2007 7:50am Sep 27, 2007 7:50am
can yoiu people help me to know where the price is going coz i have two short
positions and i am so worried about that
  • #33,451
  • Sep 27, 2007 7:51am Sep 27, 2007 7:51am
Quoting PipChick
Need advil from watching all of these predictions..lol

here u go-- it works just like advil
Attached Image
  • #33,452
  • Sep 27, 2007 7:52am Sep 27, 2007 7:52am
Quoting PipChick
Need advil from watching all of these predictions..lol

Lets face it, we really don't know what the market is going to do. We are all just trying to make educated guesses, based upon our reading of the data and our personal beliefs/biases.

I, of course, expect complete collapse at any minute. I just am not predicting it quite yet.
  • #33,453
  • Sep 27, 2007 7:52am Sep 27, 2007 7:52am
Quoting Hakuna Matata
here u go-- it works just like advil
ROFLLLLLLLLL I needed that!!!
  • #33,454
  • Sep 27, 2007 7:52am Sep 27, 2007 7:52am
Quoting markam
We will get a correction after a new record. However, I think it will not collapse until the market is convinced they won't get any more rate cuts or until they absolutely cannot ignore a US economic collapse.

I am staying short right now. I don't think the market is going to be able to rise today.
probably we would need a major news release for it to boost up for a new record
give me my pips back...
  • #33,455
  • Sep 27, 2007 7:53am Sep 27, 2007 7:53am
We may see a 1 hr close > 234.00
  • #33,456
  • Sep 27, 2007 7:54am Sep 27, 2007 7:54am
Quoting karmostaji
I agree, plus if GJ candle can't close above 234 with an hourly candle, this won't go any higher. draw a daily trendline and it's been a very stubborn resistance.
Consistent with that daily trendline (234.09) is a 50ema (234.16)

Our high for today (234.14)

Above that is room to run up to a plethora of ema's/sma's (235.61 up to 239.45)


IBFX charts
  • #33,457
  • Sep 27, 2007 7:57am Sep 27, 2007 7:57am
Quoting PipChick
Need advil from watching all of these predictions..lol
haha personally i think there is a monkey somewhere in some lab moving prices around as it wants...lots of the time.
  • #33,458
  • Sep 27, 2007 7:59am Sep 27, 2007 7:59am
Quoting imfphobia
can yoiu people help me to know where the price is going coz i have two short
positions and i am so worried about that
Very good question, we are seeing a slow gradual move upwards, but we must wait for the 11am EST hourly to open, then we will see if the up is over and the down is in.

I am also SHORT, but my patience is getting shorter then my SHORT, I may just pull the plug if we continue to stall out here, I do not like a standoff type trade.

Let's see what happens here in a few minutes or so.
  • #33,459
  • Sep 27, 2007 8:00am Sep 27, 2007 8:00am
Quoting alldra
haha personally i think there is a monkey somewhere in some lab moving prices around as it wants...lots of the time.
No..its not a monkey..its M2B's little guy on the keyboard doing it. lolol
  • #33,460
  • Sep 27, 2007 8:01am Sep 27, 2007 8:01am
Quoting alldra
haha personally i think there is a monkey somewhere in some lab moving prices around as it wants...lots of the time.
if it wasn't for the universal harmonics of frequency wave formations that bring
order to a chaotic world I might agree...... otherwise, just follow the charts
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