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

  • #53,181
  • Dec 4, 2007 6:35pm Dec 4, 2007 6:35pm
Good night every1. Feeling way2 sleepy 2 place any trades or anything. Just a small buylimit @ 227...zzzzzzzzzzzzz
  • #53,182
  • Dec 4, 2007 6:37pm Dec 4, 2007 6:37pm
I'm seeing something interesting.... I drew line closest to the point where we are now right after G/J broke through the bullish wedge and it finally makes sense why I made that line That is one hellofa support line!

I'm expecting a strong bounce off of this line sometime soon.
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  • #53,183
  • Dec 4, 2007 6:50pm Dec 4, 2007 6:50pm
225.58 needs to be broken for free-fall....229.35 for rally
The odds are on my side; let's hope they stay that way!!!
  • #53,184
  • Dec 4, 2007 6:54pm Dec 4, 2007 6:54pm
Quoting PipChick
Reminds me of a song from the 70's I think.lol
Do a little dance, make a little love, get down tonight.

This thread has been sadly lacking in gloom and doom. I really need to find more time for forex.
  • #53,185
  • Dec 4, 2007 6:56pm Dec 4, 2007 6:56pm
Quoting markam
Do a little dance, make a little love, get down tonight.

This thread has been sadly lacking in gloom and doom. I really need to find more time for forex.
It's not the same without you.

But

It's good to see you!
Humble Lifetime Member
  • #53,186
  • Dec 4, 2007 6:58pm Dec 4, 2007 6:58pm
Quoting PipChick
If todays lo is breached, I dont know that 227 will come soon. Seems to be a free fall down to 224.13 if the lo is breached.
Thxs. . .

I would think UJ and GU would have to break lower support simultaneously for GJ to breach the lo. GJ hasn't touched the 50% fib today even with a lower Dow. . .

JMHO
  • #53,187
  • Dec 4, 2007 6:59pm Dec 4, 2007 6:59pm
You are SOOOOOOOOO right, Markham. We do miss your pronouncements. That attorney life just can't be as much fun as forex!!
  • #53,188
  • Dec 4, 2007 7:07pm Dec 4, 2007 7:07pm
Quoting bcorsaut24
225.58 needs to be broken for free-fall....229.35 for rally
Exactly!
  • #53,189
  • Dec 4, 2007 7:08pm Dec 4, 2007 7:08pm
http://ftalphaville.ft.com/blog/2007...ce-1987-crash/
  • #53,190
  • Dec 4, 2007 7:49pm Dec 4, 2007 7:49pm
Im also expecting a bounce here... all sorts of possible support.
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"If it bleeds ... we can kill it"
  • #53,191
  • Dec 4, 2007 8:00pm Dec 4, 2007 8:00pm
Quoting Kurti
http://ftalphaville.ft.com/blog/2007...ce-1987-crash/

That's what I'm talking about. However, you need to say something about the collapse of civilization when you post your link.
  • #53,192
  • Dec 4, 2007 8:05pm Dec 4, 2007 8:05pm
Quoting MMDealer
Im also expecting a bounce here... all sorts of possible support.
Looks like divergence on the 1 hr macd.

Edit..sorry...positive divergence
  • #53,193
  • Dec 4, 2007 8:13pm Dec 4, 2007 8:13pm
i'm looking for a 1 hr close candle above 5 sma..that would probably take this beast up!
  • #53,194
  • Dec 4, 2007 8:14pm Dec 4, 2007 8:14pm
Quoting markam
That's what I'm talking about. However, you need to say something about the collapse of civilization when you post your link.
How the 1987 crash brought us back to the 1800s - The Curious Capitalist - Justin Fox - Economy - Markets - Business - TIME
  • #53,195
  • Dec 4, 2007 8:15pm Dec 4, 2007 8:15pm
Quoting markam
That's what I'm talking about. However, you need to say something about the collapse of civilization when you post your link.
glad to see you back in here markam now gimme some analysis lawyer man!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #53,196
  • Dec 4, 2007 8:18pm Dec 4, 2007 8:18pm
anyones mt4 charts stuck?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #53,197
  • Dec 4, 2007 8:19pm Dec 4, 2007 8:19pm
Quoting moneymagnet
anyones mt4 charts stuck?
current mt4 price is 225.94
  • #53,198
  • Dec 4, 2007 8:22pm Dec 4, 2007 8:22pm
Quoting PipChick
current mt4 price is 225.94
mine have been stuck at 98 for 5 min
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #53,199
  • Dec 4, 2007 8:25pm Dec 4, 2007 8:25pm
Quoting moneymagnet
glad to see you back in here markam now gimme some analysis lawyer man!
I'm just in long-term trades now. The financial mess is slowly but surely getting worse. As I discussed a couple of months ago, the subprime mess has now moved into the pension funds. Now the government is going to try to step in, but all they will do is weaken the dollar more.

The yen is going to continue to strengthen, no matter what the BOJ does. England is going to start cutting rates as their debt bubble pops . I have every confidence that GJ is heading below 175. I don't have time to worry about the daily and weekly swings, so I will just ride the long-term trend down.
  • #53,200
  • Dec 4, 2007 8:33pm Dec 4, 2007 8:33pm
totally agreed bro.. but don't you think that december will be calm before the doom & gloom season?

Quoting markam
I'm just in long-term trades now. The financial mess is slowly but surely getting worse. As I discussed a couple of months ago, the subprime mess has now moved into the pension funds. Now the government is going to try to step in, but all they will do is weaken the dollar more.

The yen is going to continue to strengthen, no matter what the BOJ does. England is going to start cutting rates as their debt bubble pops . I have every confidence that GJ is heading below 175. I don't have time to worry about the daily and weekly swings, so I will just ride the long-term trend down.
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