Trendlines don't tell you where the price is going, they show you possible resistance/support levels based on previous highs/lows.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #42,341
- Oct 21, 2007 8:57am Oct 21, 2007 8:57am
- #42,342
- Oct 21, 2007 8:58am Oct 21, 2007 8:58am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
Your analysis is perfet Hakuna.
I dont know how accurate this site is for real time quotes but here it is.....
http://www.forex-markets.com/quotes_crossrates.htm
This should be a fun week.
thanks chicks!
where were u all last week?
your input was missed !
we are going to make some serious pips this week !
ill be doing a lot of scalping this week too--i anticipate a fairly if not highly volatile week.
ps-- i dont expect much of retrcement as ive mentioned in journal ---but who cares--up or down--we SHALL make money with sound techincal info backing us. peace out till a few hrs
- #42,344
- Oct 21, 2007 9:13am Oct 21, 2007 9:13am
- Joined Nov 2006 | Status: Trader | 3,112 Posts
thanks chicks!
where were u all last week?
your input was missed !
we are going to make some serious pips this week !
ill be doing a lot of scalping this week too--i anticipate a fairly if not highly volatile week.
ps-- i dont expect much of retrcement as ive mentioned in journal ---but who cares--up or down--we SHALL make money with sound techincal info backing us. peace out till a few hrs
I just start getting nervous when everyone decides it is going in the same direction. That is usually the signal for a reversal. We need some bulls talking about loading up more longs and how we are heading to 251. Then I will be sure GJ is going down.
In spite of the big down day in the US market, I don't expect the Nikkei to open down in a big way. Right now, UJ is only about 40 pips below the last asian market close. That should translate into at most a moderately down opening level.
After it opens, who knows what will happen. I think that fridays action was the start of the 25% (minimum) correction I have been expected in the equity markets. But with the fed meeting hanging over the market, it may not happen yet.
- #42,346
- Oct 21, 2007 9:22am Oct 21, 2007 9:22am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
thanks chicks!
where were u all last week?
your input was missed !
we are going to make some serious pips this week !
ill be doing a lot of scalping this week too--i anticipate a fairly if not highly volatile week.
ps-- i dont expect much of retrcement as ive mentioned in journal ---but who cares--up or down--we SHALL make money with sound techincal info backing us. peace out till a few hrs
- #42,347
- Oct 21, 2007 9:22am Oct 21, 2007 9:22am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #42,348
- Oct 21, 2007 9:22am Oct 21, 2007 9:22am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
I just start getting nervous when everyone decides it is going in the same direction. That is usually the signal for a reversal. We need some bulls talking about loading up more longs and how we are heading to 251. Then I will be sure GJ is going down.
In spite of the big down day in the US market, I don't expect the Nikkei to open down in a big way. Right now, UJ is only about 40 pips below the last asian market close. That should translate into at most a moderately down opening level.
After it opens, who knows what will happen. I think that fridays action was the start of the 25% (minimum) correction I have been expected in the equity markets. But with the fed meeting hanging over the market, it may not happen yet.
relax bro--no need to get nervous !
the pair gotta do whats its gotta do !
we at best try to figure it out technically and fundamentally
and dont worry where it goes--as long as it moves-- we'll make money
read the tech analysis bro--see how ive projected it--tell me what u think-- it is these kind of analysis every weekend i do that contributes to my success every week !
being prepared--well prepared
see ya;all in few hrs
- #42,349
- Oct 21, 2007 9:29am Oct 21, 2007 9:29am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
I was here off and on last week. Homecoming week for my daughter..whew...glad that is over. Im looking forward to this week also. Unfortunately, I wont be here much tomorrow. poooooooooooo Appointments!
"trade setups will come and go, day by day, many we try to catch, some we miss, as long as we are profitable-- thats all that counts" HM
- #42,350
- Oct 21, 2007 9:55am Oct 21, 2007 9:55am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
see u after uve sorted all the appointments
"trade setups will come and go, day by day, many we try to catch, some we miss, as long as we are profitable-- thats all that counts" HM
- #42,353
- Oct 21, 2007 11:25am Oct 21, 2007 11:25am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Somewhere in the beggining i read, about ... patience... I lost lot ... with out patience... so I decided... to have patience.
And yeah, before playing with real money and loosing, I waited and start reading.. never executed single trade in live account, of course played some in demo... and kept on reading.
Now I think I am ready to follow the thread and strategies with live account.
Hoping for the best.. and good pips..
Happy pipping every one.
Many many Thanks to Auslanco, and every one..
,You'll have a blast here in this thread, enjoy your stay.
Patience karmo
Trade what you see, not what you think.
- #42,354
- Oct 21, 2007 11:34am Oct 21, 2007 11:34am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #42,357
- Oct 21, 2007 12:31pm Oct 21, 2007 12:31pm
- Joined Nov 2006 | Status: Trader | 3,112 Posts
233.98
- #42,359
- Oct 21, 2007 12:32pm Oct 21, 2007 12:32pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
233.98
Trade what you see, not what you think.
- #42,360
- Oct 21, 2007 12:34pm Oct 21, 2007 12:34pm
- Joined Nov 2006 | Status: Trader | 3,112 Posts
Talk about free money if you've got shorts open, I've got one open
i just hope it doesnt reverse before market opens. I doubt it will however.