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

  • #68,881
  • Mar 16, 2008 7:15pm Mar 16, 2008 7:15pm
Quoting quecee5
4hr chart for u. . .
Looks GJ still has room to move down. . .
This market is impossible to judge by the technicals at the moment. Right now the prices are being driven only by Panic and News. I am on the sidelines untill Tuesday's Interest rate statement, because Gut Feeling is never correct. Good Luck every one Green PIPing
  • #68,882
  • Mar 16, 2008 7:18pm Mar 16, 2008 7:18pm
This is the daily Future Dow. If it breaks, would be another 300 points down again, seems equal to 300 pips as well for Geppy
As I write, it is hitting the support line .. wow.. crazy.. prepare for another big green pips .. hehehe
Attached Image
  • #68,883
  • Mar 16, 2008 7:20pm Mar 16, 2008 7:20pm
Quoting markam
The Nikkei dove into the japanese lunch break and is now down 515 points. Unless it rebounds when the market reopens in 80 minutes, I would expect another downleg in GJ between the japanese market reopen and the european market open.
What ?!?? can they eat in this situation ? heh
  • #68,884
  • Mar 16, 2008 7:21pm Mar 16, 2008 7:21pm
The investment bank which has up to now managed to avoid large hits on subprime investments will be taking a big hit partly on its investment in China"s ICBC. Goldman has a 4.9% stake in the big Chinese bank. The Telegraph article also notes that GS will take a hit of roughly $1.6 bln in its leveraged loan business and another $1.1 bln in other investments. [email protected]
  • #68,885
  • Mar 16, 2008 7:22pm Mar 16, 2008 7:22pm
Who the hell started this dive during the japanese lunch break??????

I wasn't ready
  • #68,886
  • Mar 16, 2008 7:22pm Mar 16, 2008 7:22pm
Quote
Looks GJ still has room to move down. . .




AMEN
  • #68,887
  • Mar 16, 2008 7:23pm Mar 16, 2008 7:23pm
Quoting mktjong
This is the daily Future Dow. If it breaks, would be another 300 points down again, seems equal to 300 pips as well for Geppy
As I write, it is hitting the support line .. wow.. crazy.. prepare for another big green pips .. hehehe

Great call.
  • #68,888
  • Mar 16, 2008 7:24pm Mar 16, 2008 7:24pm
Quoting mktjong
This is the daily Future Dow. If it breaks, would be another 300 points down again, seems equal to 300 pips as well for Geppy
As I write, it is hitting the support line .. wow.. crazy.. prepare for another big green pips .. hehehe

The support broke. I banked another 78 pips from that break.. it keeps downing ..
  • #68,889
  • Mar 16, 2008 7:25pm Mar 16, 2008 7:25pm
Quoting LeoBond
This market is impossible to judge by the technicals at the moment. Right now the prices are being driven only by Panic and News. I am on the sidelines untill Tuesday's Interest rate statement, because Gut Feeling is never correct. Good Luck every one Green PIPing
Agree - but what we do know is that GJ is in a downtrend and will probably see more. . . I'm keeping my shorts because this could get very interesting when London gets in. . . No BOJ intervention thus far so we may see further lows between London and NY session. ..

Now over 1,000 pips and counting since friday afternoon -

Good luck all!
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr chart.gif Size: 21 KB
  • #68,890
  • Mar 16, 2008 7:25pm Mar 16, 2008 7:25pm
Quoting markam
Who the hell started this dive during the japanese lunch break??????

I wasn't ready
That would be me .. I guess..
  • #68,891
  • Mar 16, 2008 7:26pm Mar 16, 2008 7:26pm
just hit my H&S target !!!!!!!!!!! wow !!!! and is at bottom of channel now...
incredible...
Attached Image (click to enlarge)
Click to Enlarge Name: hs.jpg Size: 171 KB
  • #68,892
  • Mar 16, 2008 7:27pm Mar 16, 2008 7:27pm
Quoting markam
Who the hell started this dive during the japanese lunch break??????

I wasn't ready
I knew it... they don't eat today
  • #68,893
  • Mar 16, 2008 7:27pm Mar 16, 2008 7:27pm
Quoting mktjong
That would be me .. I guess..
Nice work. You could have given me more warning
  • #68,894
  • Mar 16, 2008 7:29pm Mar 16, 2008 7:29pm
I think my staying awakw overnight was worth it
Hope y'all made some pips
  • #68,895
  • Mar 16, 2008 7:29pm Mar 16, 2008 7:29pm
I think fxcm is shut down. my orders are going nowhere
  • #68,896
  • Mar 16, 2008 7:30pm Mar 16, 2008 7:30pm
This is just crazy! Is this going to stop?
  • #68,897
  • Mar 16, 2008 7:30pm Mar 16, 2008 7:30pm
Quoting quecee5
Agree - but what we do know is that GJ is in a downtrend and will probably see more. . . I'm keeping my shorts because this could get very interesting when London gets in. . . No BOJ intervention thus far so we may see further lows between London and NY session. ..

Now over 1,000 pips and counting since friday afternoon -

Good luck all!
Cool .. I don't have the guts to accumulate so many pips
  • #68,898
  • Mar 16, 2008 7:31pm Mar 16, 2008 7:31pm
Did something just happend???? All currencies just tumbled
  • #68,899
  • Mar 16, 2008 7:32pm Mar 16, 2008 7:32pm
I don't see anymore support until 189.40 area. . .
  • #68,900
  • Mar 16, 2008 7:32pm Mar 16, 2008 7:32pm
Quoting markam
I think fxcm is shut down. my orders are going nowhere
Me too
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