GJ barely moving, it wants to retrace so bad.. it will IMO after DOW closes
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #40,581
- Oct 16, 2007 2:19pm Oct 16, 2007 2:19pm
- | Joined Dec 2006 | Status: Trader | 1,556 Posts
Nice to see the beast back on action. the pair definetely cut the unnecessary noises 
Imho, speaking QQE wise, since it is wandering around oversold levels on H1 and have some serious support like 100sma on H4, it won't be successful at breaking without a retrace. Since m2b and other contributors stated there is also an uptrend where we may see a continuation.
Imho, speaking QQE wise, since it is wandering around oversold levels on H1 and have some serious support like 100sma on H4, it won't be successful at breaking without a retrace. Since m2b and other contributors stated there is also an uptrend where we may see a continuation.
- #40,583
- Oct 16, 2007 2:22pm Oct 16, 2007 2:22pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #40,587
- Oct 16, 2007 2:24pm Oct 16, 2007 2:24pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
yeah i agree...
and i really hope it stays below 13900 for a while...
but i am dissapointed so far.
Not about the DOW but about the beast.
Trade what you see, not what you think.
- #40,589
- Oct 16, 2007 2:26pm Oct 16, 2007 2:26pm
- | Joined Oct 2007 | Status: Chairman of Fed | 379 Posts
This is not a free fall, so it is not going to go down 1000 pips without any good retracements.
I will be fine with a 100 fall in geppy.. .thats all i need.
than it can retrace because i will go sleep while it does that...
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
- #40,591
- Oct 16, 2007 2:28pm Oct 16, 2007 2:28pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
talking about dow or geppy?
I will be fine with a 100 fall in geppy.. .thats all i need.
than it can retrace because i will go sleep while it does that...
Trade what you see, not what you think.
- #40,592
- Oct 16, 2007 2:29pm Oct 16, 2007 2:29pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
hey karmo, i don't know what kind of phone you have or its capabilities. My broker is fxcm and they are java based i am told and i can't access my trade station by phone. But I went to Logmein.com and it will allows to remotely contol my computer and my monitor on my phone. Its great! hope this helps you , and i apprecaite all your insight and the teaching you do . Thanks Gary Blunt
Trade what you see, not what you think.
- #40,594
- Oct 16, 2007 2:33pm Oct 16, 2007 2:33pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
i caught the fall
but did not get 200
got a lil less than 100...
Trade what you see, not what you think.
- #40,595
- Oct 16, 2007 2:36pm Oct 16, 2007 2:36pm
- | Joined Oct 2007 | Status: Chairman of Fed | 379 Posts
don't chase the market, it's no good. There are always opportunities around the corner
if i did not have my short from 237.60
there was no way in life i would enter short at this moment...
right now its a limbo...
- #40,596
- Oct 16, 2007 2:37pm Oct 16, 2007 2:37pm
- Joined Nov 2006 | Status: Trader | 3,112 Posts
don't chase the market, it's no good. There are always opportunities around the corner
