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

  • #48,601
  • Nov 7, 2007 4:44pm Nov 7, 2007 4:44pm
don't try to pick up bottoms
this "lady" could burn your house and take your money.... if you have no position stay away or enter short in any retracement

...can retrace? yes, but also remember some days g/y run 400/500 pips....

JMHO

......................................
HOPE I HELPED...
  • #48,602
  • Nov 7, 2007 4:45pm Nov 7, 2007 4:45pm
Quoting Ash
I hate saying this but from experience, don't ever go against the trend. In such a volatile market (such as today), even scalping can be detrimental to your finances if a person did not utilize proper money management.
Ash, read my posts, pay attention, I was short from the top, just trying to add more for awhile now, I've posted the dates together with Zoran, 11/1, the day before yesterday i said to watch the 7th and the 8th, just a few hours ago I posted this target and said that we will see a big retracement starting friday, then we will fall again starting the 26th. Read the posts if you want to learn something. As far as if this is going to retrace, yes it will. It will be retracing for the whole next week.
Tired, going to sleep, good night.
  • #48,603
  • Nov 7, 2007 4:47pm Nov 7, 2007 4:47pm
Quoting vinesh2
Any idea on how low the blow is gonna go I am long and going to hold on I have take a few of Karmo patience pills.Man I wish he was around
According to the momentum indicators, we should be retracing to 236.4 in the next 15 minutes. Of course, we were also supposed to be heading to 237.7 an hour ago according to the indicators, so I am not putting a lot of weight on those right now.
  • #48,604
  • Nov 7, 2007 4:50pm Nov 7, 2007 4:50pm
Quoting gene22
Ash, read my posts, pay attention, I was short from the top, just trying to add more for awhile now, I've posted the dates together with Zoran, 11/1, the day before yesterday i said to watch the 7th and the 8th, just a few hours ago I posted this target and said that we will see a big retracement starting friday, then we will fall again starting the 26th. Read the posts if you want to learn something. As far as if this is going to retrace, yes it will. It will be retracing for the whole next week.
Tired, going to sleep, good night.
Sorry Gene, wasn't implying nor was the post geared towards you but rather some of the new traders. I still have a short on Gy open from 239.96 open.
Humble Lifetime Member
  • #48,605
  • Nov 7, 2007 4:52pm Nov 7, 2007 4:52pm
Thanks Markam I guess I slipped up on this one I will take a pill a day till next week good night bro
  • #48,606
  • Nov 7, 2007 5:06pm Nov 7, 2007 5:06pm
what happened to a triple wednesday? lol
  • #48,607
  • Nov 7, 2007 5:12pm Nov 7, 2007 5:12pm
Quoting gene22
...... said that we will see a big retracement starting friday, then we will fall again starting the 26th. Read the posts if you want to learn something. As far as if this is going to retrace, yes it will. It will be retracing for the whole next week.
Tired, going to sleep, good night.
I admit that gene u r great, but no matter how great you are, when u predict the price this way, it is usually at most a game for fun instead of profit. Newbies should not follow it to trades.

as to the retrace, for the whole next week? i don't believe it. let's see.
  • #48,608
  • Nov 7, 2007 5:14pm Nov 7, 2007 5:14pm
An iteresting thing to note, cad had retraced 350 pips, dollar 55, cad is not a type of currency that moves in those kind of ranges. We can expect a hightened degree of volatility, so my advise is to only trade from the major levels, unless looking for trouble. Dow can only fall to 13160-13200, no more this week. Draw your conclusions, as the geppy seem to be moving in unisom lately. Rettacement will start on the geppy from those levels on the dow, pay attention
  • #48,609
  • Nov 7, 2007 5:14pm Nov 7, 2007 5:14pm
Quoting charvo
I admit that gene u r great, but no matter how great you are, when u predict the price this way, it is usually at most a game for fun instead of profit. Newbies should not follow it to trades.

as to the retrace, for the whole next week? i don't believe it. let's see.
Its getting close to everyone in here needing to give someone a hug. Man there is some animosity amongst the natives so to speak.
  • #48,610
  • Nov 7, 2007 5:18pm Nov 7, 2007 5:18pm
Quoting gene22
An iteresting thing to note, cad had retraced 350 pips, dollar 55, cad is not a type of currency that moves in those kind of ranges. We can expect a hightened degree of volatility, so my advise is to only trade from the major levels, unless looking for trouble. Dow can only fall to 13160-13200, no more this week. Draw your conclusions, as the geppy seem to be moving in unisom lately. Rettacement will start on the geppy from those levels on the dow, pay attention
I am not so sure of that. Bloomberg is currently showing dow futures at -322. That has to be wrong, but if it is not, we may reach my 11,000 dow by friday.
  • #48,611
  • Nov 7, 2007 5:19pm Nov 7, 2007 5:19pm
Quoting markam
I am not so sure of that. Bloomberg is currently showing dow futures at -322. That has to be wrong, but if it is not, we may reach my 11,000 dow by friday.


Futures are closed mate, for another 1.5 hours. Futures were down -377 at the close. Last trade was 13300. My short is going well.
  • #48,612
  • Nov 7, 2007 5:21pm Nov 7, 2007 5:21pm
Quoting dimmi
Futures are closed mate, for another 1.5 hours. Futures were down -377 at the close.

thanks. I never check them this early, that is why I was very confused.
  • #48,613
  • Nov 7, 2007 5:23pm Nov 7, 2007 5:23pm
I just lost connection with IBFX. What is this?!
  • #48,614
  • Nov 7, 2007 5:28pm Nov 7, 2007 5:28pm
Quoting jeffwhf
gj and gu well go up or down to day?
Definitely!

  • #48,615
  • Nov 7, 2007 5:31pm Nov 7, 2007 5:31pm
UJ has officially breached the lows that were set in August. The only reason that GJ isn't way below 220 right now is the strength of the pound against the dollar.

Based upon fundamentals, the pound is horribly overvalued. Their economic situation is even worse than the US's. When the pound begins to collapse, I could see GJ easily dropping below 175.
  • #48,616
  • Nov 7, 2007 5:32pm Nov 7, 2007 5:32pm
[quote=Pips_Cruiser;1704557]Definitely!

Quality!!
  • #48,617
  • Nov 7, 2007 5:34pm Nov 7, 2007 5:34pm
Quoting markam
........ I could see GJ easily dropping below 175.
or maybe even 174 !
  • #48,618
  • Nov 7, 2007 5:35pm Nov 7, 2007 5:35pm
Quoting jeffwhf
gj and gu well go up or down to day?
Really, what analysis do you base that on?
{Some Profound Statement goes here}
  • #48,619
  • Nov 7, 2007 5:35pm Nov 7, 2007 5:35pm
Quoting charvo
I admit that gene u r great, but no matter how great you are, when u predict the price this way, it is usually at most a game for fun instead of profit. Newbies should not follow it to trades.

as to the retrace, for the whole next week? i don't believe it. let's see.
Ignorance..., first off this is not a game to me, this is how I make my living, second of all, the reason I post is that people will have their level of awareness raised and pay attention to the levels, dates or analyses, it will help, and last but not least, no one should follow anyones analyses to trade except their own, period. newbies, pros, inbeetweens,etc..
But the only way to actually learn something is to listen to someone with a tiny bit more experience, and try to see why is this person inclined to think so, because ussually they notice a lot more things that you do,they read the market. Use your own analyses, always, don't trust a soul, this is not a game. And the statistics are against you my friend, over 98% of the people loose money trading, yes it's true. You know why?????????
Because it's a fun game to them and they treat it as such.
Another little piece of info, just so we are at it, over 99.999% of people loose money in the casino, why? It's a game. I've known a couple that made their living that way, won consistently, because it wasn't fun and games but hard gruelling work for them, week after week. I'm not too proud to admit that I was even taught by one of them, was quite good at it, was winning and quit. You know why? Take a wild guess
  • #48,620
  • Nov 7, 2007 5:35pm Nov 7, 2007 5:35pm
Hi mates,

I've been away... regrowing my brain due to some new advancements in
adult stem cell research. All is well.

I can see in color now. More green than red. lol

Might help some of you here.

Dr. D.
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