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

  • #69,421
  • Mar 18, 2008 6:48am Mar 18, 2008 6:48am
well am outa market playin with my demo
  • #69,422
  • Mar 18, 2008 6:56am Mar 18, 2008 6:56am
pj is humming but way too volitale. i will stay on the sidelines and watch
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #69,423
  • Mar 18, 2008 7:00am Mar 18, 2008 7:00am
Now if there is no rate cut later, I suppose we will see the mother of all collapses
  • #69,424
  • Mar 18, 2008 7:02am Mar 18, 2008 7:02am
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Quoting moneymagnet
pj is humming but way too volitale. i will stay on the sidelines and watch
the new momentum 4 h candle sow a verry bull and cross the zerro level i think price willl correct 202.64 weekly pivot witch is the daily R 2
will geather the 4 h 50 SMA ( pink ) with the daily R and weekly pivot to bounce again down

its only my point of view
  • #69,425
  • Mar 18, 2008 7:03am Mar 18, 2008 7:03am
Quoting warta
well am outa market playin with my demo
Demoing is good my friend but it doesn't pay as much as real trading ... if you played it out in real, you would have at least 400 pips in you pocket till now for today ...

I think we should not miss this volatile and good moving market.
Discipline + Patience - Fear - Greed = Success
  • #69,426
  • Mar 18, 2008 7:10am Mar 18, 2008 7:10am
Quoting arezab
Demoing is good my friend but it doesn't pay as much as real trading ... if you played it out in real, you would have at least 400 pips in you pocket till now for today ...

I think we should not miss this volatile and good moving market.

maybe ur right bro but last night just lost load of pip when i slept so am not ready today to join the market coz i dont trust bullish movement aswell
  • #69,427
  • Mar 18, 2008 7:17am Mar 18, 2008 7:17am
Now my chart of resistances, suggests no resistance until 200 (murray mac line) /200.21 (61.8 fib). If this does not bounce at the 50 fib.
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  • #69,428
  • Mar 18, 2008 7:19am Mar 18, 2008 7:19am
Quoting GodfreyH
Now if there is no rate cut later, I suppose we will see the mother of all collapses
I think we will see that mother even if they cut the rates but after a temporary spike. The mother of collapse is US economy which can not be cured so easily through money injection into the market or cutting interest rates. These all might seem to be holding the market from collapsing for a while, but won't be an answer for the US economy.

Edit : specially that UK economy is coming to join this collapse according to many fundamentalists.

But a spike up is good for us because it will give us a better short opportunity
Discipline + Patience - Fear - Greed = Success
  • #69,429
  • Mar 18, 2008 7:26am Mar 18, 2008 7:26am
Quoting arezab
I think we will see that mother even if they cut the rates but after a temporary spike. The mother of collapse is US economy which can not be cured so easily through money injection into the market or cutting interest rates. These all might seem to be holding the market from collapsing for a while, but won't be an answer for the US economy.


But a spike up is good for us because it will give us a better short opportunity

a small retrace to 197.60 area
  • #69,430
  • Mar 18, 2008 7:30am Mar 18, 2008 7:30am
Quoting warta
a small retrace to 197.60 area
seems to be a %50 fib rejection but I think it is not ... They can't deceive us with this ...
Discipline + Patience - Fear - Greed = Success
  • #69,431
  • Mar 18, 2008 7:38am Mar 18, 2008 7:38am
If there is a 1% cut... it will be clear the intention of destroying the dollar... not casual.
I don't expect a 1%... it would be crazy. but anyway.. it is going to drop sooner or later.
  • #69,432
  • Mar 18, 2008 7:40am Mar 18, 2008 7:40am
Quoting arezab
I think we will see that mother even if they cut the rates but after a temporary spike. The mother of collapse is US economy which can not be cured so easily through money injection into the market or cutting interest rates. These all might seem to be holding the market from collapsing for a while, but won't be an answer for the US economy.
Right you are. Actually I think we are witnesses to a 21st century collapse in super s - l - o - w ...... m - o - t - i - o - n , especially since the feds are finally admitting what the world recognized months ago.... it's a recession stupid!!

So USD is shaky, GBP also with JPY looking gooder and gooder.
  • #69,433
  • Mar 18, 2008 7:42am Mar 18, 2008 7:42am
Quoting arezab
seems to be a %50 fib rejection but I think it is not ... They can't deceive us with this ...

well i c minimum 200 area if not the 202.60 the weekly pivot and the R 3 aswell
  • #69,434
  • Mar 18, 2008 7:47am Mar 18, 2008 7:47am
Quoting arezab
seems to be a %50 fib rejection but I think it is not ... They can't deceive us with this ...
It's needs to close above 198.34 area before heading up any further. . .
This is the 38% fib from the fall started at 207.94 area down to 192.40
A rejection there will see price head back down.

See 4hr chart below. . .
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  • #69,435
  • Mar 18, 2008 7:47am Mar 18, 2008 7:47am
Quoting warta
well i c minimum 200 area if not the 202.60 the weekly pivot and the R 3 aswell
Possible but it will take the DOW to make some very significant gains.
Right now if DOW drops below 200 watch out.
Now ithe 230's
History is written by the victors.
  • #69,436
  • Mar 18, 2008 7:48am Mar 18, 2008 7:48am
Quoting MoneyMa$ter
Right you are. Actually I think we are witnesses to a 21st century collapse in super s - l - o - w ...... m - o - t - i - o - n , especially since the feds are finally admitting what the world recognized months ago.... it's a recession stupid!!

So USD is shaky, GBP also with JPY looking gooder and gooder.

u think this is the top?
coz i wana take a short but am not sure from the top
anyone can share me his view?
  • #69,437
  • Mar 18, 2008 7:50am Mar 18, 2008 7:50am
Guys. guys it doesn't matter how many basis points it is. What matters is the statement that comes after the cut that's whats going to move the market. If the statement is dovish (which I expect it to be) then expect the market to take a dive so I would suggest stay out till the news is absorbed and then look for opportunities.
  • #69,438
  • Mar 18, 2008 7:52am Mar 18, 2008 7:52am
Quoting vinesh2
Guys. guys it doesn't matter how many basis points it is. What matters is the statement that comes after the cut that's whats going to move the market. If the statement is dovish (which I expect it to be) then expect the market to take a dive so I would suggest stay out till the news is absorbed and then look for opportunities.

verry true am already away lol
  • #69,439
  • Mar 18, 2008 7:58am Mar 18, 2008 7:58am
Quoting quecee5
It's needs to close above 198.34 area before heading up any further. . .
This is the 38% fib from the fall started at 207.94 area down to 192.40
A rejection there will see price head back down.

See 4hr chart below. . .
very true my friend. but actually I'm prepared to move above this level. Honestly this doesn't seem to be a rejection to me. Actually I've placed my sell limit order around 202.10 (%61.8 fib) to enter a nice short from there in case of any spike up caused by fed rate cut.

Let's wait and see how it will play out.
Discipline + Patience - Fear - Greed = Success
  • #69,440
  • Mar 18, 2008 8:15am Mar 18, 2008 8:15am
dow is currently on a high projection target, if this area doesnt fail it could go up to 12295 or 12367, just giving u more info great work guys
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