In normal market conditions, I would say this beast needs to retrace to 50% which is 238.70 area, but today is not normal and I'll let our big bear markam guide us of where it is going.
Making money while sitting in a classroom listening to a boring Dr. is great btw
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #40,442
- Oct 16, 2007 9:10am Oct 16, 2007 9:10am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Stock market is showing surprising resistance towards moving down. The dow is only down about 45 points.
I don't expect this to last much longer.
On are way to 251.00.
jim
Indicators show the past. Price Action "Indicates" the future.
- #40,444
- Oct 16, 2007 9:11am Oct 16, 2007 9:11am
- Joined Nov 2006 | Status: Trader | 3,112 Posts
Like I was thinking looks like a good time to go to long.
On are way to 251.00.
jim
- #40,445
- Oct 16, 2007 9:11am Oct 16, 2007 9:11am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
M2B
ill be lookin at this area to enter--alarms set--off to sleep
chat to ya'all at sushi time
- #40,447
- Oct 16, 2007 9:15am Oct 16, 2007 9:15am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #40,450
- Oct 16, 2007 9:24am Oct 16, 2007 9:24am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
ill be lookin at this area to enter--alarms set--off to sleep
chat to ya'all at sushi time
You mentioned last nite when the candle closed below the cloud, and to warn me wearing a rain coat as it would pour down hard and yes it did and came along with the hails storm altogether .. cool
- #40,451
- Oct 16, 2007 9:26am Oct 16, 2007 9:26am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #40,452
- Oct 16, 2007 9:29am Oct 16, 2007 9:29am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #40,454
- Oct 16, 2007 9:32am Oct 16, 2007 9:32am
Just a quick note.. I'm expecting a 1 retracement or consolidation from 11GMT to 13 GMT up to 238.70.
See ya
I have been following this thread for the last couple weeks and learnt a lot reading you.
In fact I have been reading about forex since Feb 07 and run demo account with B/E results every months except in Sept. where i lost 80% of the demo account. Mainly because I am at work during 9GMT and 19GMT and by lack of using constant "system/technique/method" and it is not easy to follow all the trades i take. I am still trying and testing.
It would be good, for us noobs or whatever how you want to call us, if the main protagonists of this thread could lay down in a document in their signature, explainning their setup/approach/ etc. . in order for noobs to be able to refer when a post is made.
Ie: Post 30946 from Aus "[IMG]file:///C:/DOCUME%7E1/rita/CONFIG%7E1/Temp/moz-screenshot.jpg[/IMG][IMG]file:///C:/DOCUME%7E1/rita/CONFIG%7E1/Temp/moz-screenshot-1.jpg[/IMG] Just a quick note.. I'm expecting a 1 retracement or consolidation from 11GMT to 13 GMT up to 238.70."
I would be interested to know how Aus does arrive to that forecast so I can learn how to fish.
Some will tell me, I have to read the thread, but despite my efforts it has become impossible due to the size of it, the time it will take to read ther will be an other xxx new pages and so on.
If you guy's really want to educate newbies with your inputs I think it needs to be organised.
May the Go(o)d Pips with you, and thank you for your knowledge
Gerry
