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

  • #91,241
  • Jun 9, 2008 5:36pm Jun 9, 2008 5:36pm
this usually is a double top. but, with my experience of GJ (if that is really a double top), this is is one of the rare times where we get a higher high. GJ signals complete reversal (to where it started it's latest rally) when we get a crazy rally with a lower high, not a higher high.

this has been one hell of a busy day for me. it's 1.30am and i just got back home.

i hate being a programmer. and i really hate it when a client calls me saying: "the software aint workin", when it turns out the be that he/she forget their username/password. "BUT, since your here," and the go on, "how about running an entire system checkup!!"

i'd be like, "wow", how nice. they should have a law that forbids computer illiteracy.

what the heck was that all about??? it's none of yaul's business. lets get back to trading.

i'm currently hating GJ, and YES, i did short again as soon as i turned on my screen and saw that double top (pattern?) @ 209.90

whatever whatever, yes yes yes.... oh oh... it might go higher, u already said it would lilmoe... i don't give monkey's ass. i'm short
  • #91,242
  • Jun 9, 2008 5:39pm Jun 9, 2008 5:39pm
Quoting lilmoe
this usually is a double top. but, with my experience of GJ (if that is really a double top), this is is one of the rare times where we get a higher high. GJ signals complete reversal (to where it started it's latest rally) when we get a crazy rally with a lower high, not a higher high.

this has been one hell of a busy day for me. it's 1.30am and i just got back home.

i hate being a programmer. and i really hate it when a client calls me saying: "the software aint workin", when it turns out the be that he/she forget their username/password. "BUT, since your here," and the go on, "how about running an entire system checkup!!"

i'd be like, "wow", how nice. they should have a law that forbids computer illiteracy.

what the heck was that all about??? it's none of yaul's business. lets get back to trading.

i'm currently hating GJ, and YES, i did short again as soon as i turned on my screen and saw that double top (pattern?) @ 209.90

whatever whatever, yes yes yes.... oh oh... it might go higher, u already said it would lilmoe... i don't give monkey's ass. i'm short
Do you ever short GBP/AUD? AUD is much stronger currency than YEN.
  • #91,243
  • Jun 9, 2008 5:45pm Jun 9, 2008 5:45pm
Paulson said he will consider stepping into currency markets to bolster US dollar.
  • #91,244
  • Jun 9, 2008 5:50pm Jun 9, 2008 5:50pm
Quoting Clouds
Why will it need such serious buying? I don't see a point for anyone to defend that line. Thinking 80? 60? 40?
Because its invisible res/sup for price and time, but still present. ITS ALIVE !!!!!!!!
U would need to read up on it to understand, sorry
"Millionaires don't use astrology, billionaires do"
  • #91,245
  • Jun 9, 2008 5:50pm Jun 9, 2008 5:50pm
Quoting lilmoe
this usually is a double top. but, with my experience of GJ (if that is really a double top), this is is one of the rare times where we get a higher high. GJ signals complete reversal (to where it started it's latest rally) when we get a crazy rally with a lower high, not a higher high.

this has been one hell of a busy day for me. it's 1.30am and i just got back home.

i hate being a programmer. and i really hate it when a client calls me saying: "the software aint workin", when it turns out the be that he/she forget their username/password. "BUT, since your here," and the go on, "how about running an entire system checkup!!"

i'd be like, "wow", how nice. they should have a law that forbids computer illiteracy.

what the heck was that all about??? it's none of yaul's business. lets get back to trading.

i'm currently hating GJ, and YES, i did short again as soon as i turned on my screen and saw that double top (pattern?) @ 209.90

whatever whatever, yes yes yes.... oh oh... it might go higher, u already said it would lilmoe... i don't give monkey's ass. i'm short
all right me too
The Chonchy
  • #91,246
  • Jun 9, 2008 5:51pm Jun 9, 2008 5:51pm
Quoting Clouds
Paulson said he will consider stepping into currency markets to bolster US dollar.
Really wondering .. what can he do? US budget defisit is at rocket high .. Country almost broke or too poor to do any intervention ..or it's just the last minute of GOP party political rescue ..
  • #91,247
  • Jun 9, 2008 5:52pm Jun 9, 2008 5:52pm
look out for the news in 8 mins
Money & Pain Respect the market, protect your capital, be patient
  • #91,248
  • Jun 9, 2008 5:53pm Jun 9, 2008 5:53pm
Quoting toyboy tramp
I second the above, and have the account to prove it
Pick urself up, toyboy. These are lessons, not the final catastrophe

Remember Mike's words "got stuck thinking bearish". You have learned first hand how dangerous it is get married to a conviction translated into a trading position. And how difficult it is to control it

Unlike other activities in real life, where being persistent in a conviction and following it to completion often brings success, in trading this attitude can bring one's doom

And always be cautious of people who use absolute certainty when speaking "this WILL go down".. "There is no doubt we will see XYZ level" etc

trade well!
  • #91,249
  • Jun 9, 2008 5:56pm Jun 9, 2008 5:56pm
i think obviously the news in 5mins gonna determine this pairs direction in mt

hmmm lets guesss....
i think RICS going to be "better than expected" but retail sales going to be worse than expected... what result would that have hmmmm,
  • #91,250
  • Jun 9, 2008 5:56pm Jun 9, 2008 5:56pm
Quoting OrionsWay
Because its invisible res/sup for price and time, but still present. ITS ALIVE !!!!!!!!
U would need to read up on it to understand, sorry
But when does it stop? Buck stops at 95. Now we go up. IMHO. 105 has been the last two consecutive lows for past 10 years. It's not going lower, and there's no reason just consolidate from 95-105, so it's going up. Besides nobody buys UJ , its such useless pair. The "LONG term trendline was important at 130, 120, 110, but not at all time low.... No interest at all. It's not like I don't understand trend lines, and I can read, I'm just giving you my views man.
  • #91,251
  • Jun 9, 2008 5:58pm Jun 9, 2008 5:58pm
Quoting Clouds
Paulson said he will consider stepping into currency markets to bolster US dollar.
Pat Paulsen, oh wait wrong guy. You "older guys might remember him ...
  • #91,252
  • Jun 9, 2008 6:02pm Jun 9, 2008 6:02pm
damn. both news good =/ im bleeding
  • #91,253
  • Jun 9, 2008 6:02pm Jun 9, 2008 6:02pm
Quoting Kurti
people don't matter, only money. praise capitalism

edit: or rather never underestimate greed and stupidity
Before you rush to equate capitalism with an ideology wherein "people dont matter" and where a wild market destroys people's lives, I suggest you do some reading on capitalism and its overarching philosphy: individualism

and their opposite: collectivism

and see in which of the two people matter most, and in which of the two they are considered cannon fodder for a "collective good".

Lets not forget, this is not a capitalistic market. It is one where various collective bodies exert control, in various ways. Just look at what the Fed , the Treasury and various other bodies do, and tell me which of all these was supposedly part of capitalism, in the original, true meaning of the world
  • #91,254
  • Jun 9, 2008 6:06pm Jun 9, 2008 6:06pm
Quoting Clouds
But when does it stop? Buck stops at 95. Now we go up. IMHO. 105 has been the last two consecutive lows for past 10 years. It's not going lower, and there's no reason just consolidate from 95-105, so it's going up. Besides nobody buys UJ , its such useless pair. No interest at all.
Sure there is a reason to bounce back and forth, to take the money of ppl who think it must be a certain way, and unless they have very deep pockets thats exactly what they have done and will continue doing.
"Millionaires don't use astrology, billionaires do"
  • #91,255
  • Jun 9, 2008 6:09pm Jun 9, 2008 6:09pm
Quoting pr0spero
Pick urself up, toyboy. These are lessons, not the final catastrophe

Remember Mike's words "got stuck thinking bearish". You have learned first hand how dangerous it is get married to a conviction translated into a trading position. And how difficult it is to control it

Unlike other activities in real life, where being persistent in a conviction and following it to completion often brings success, in trading this attitude can bring one's doom

And always be cautious of people who use absolute certainty when speaking "this WILL go down".. "There is no doubt we will see XYZ level" etc

trade well!
Thanks Prospero, I'm in it for the duration and these lessons/decimations are valuable just not in a spend the rest of the summer catching waves in Indonesia type way.

The news hasn't broken any of today's highs/lows or trends on cable or geppy....yet. I'm short from 210, and I'm not stuck in bear mode, I hope
Money & Pain Respect the market, protect your capital, be patient
  • #91,256
  • Jun 9, 2008 6:09pm Jun 9, 2008 6:09pm
Quoting OrionsWay
Sure there is a reason to bounce back and forth, to take the money of ppl who think it must be a certain way, and unless they have very deep pockets thats exactly what they have done and will continue doing.



they have been doing that but people just wanna do the same mistake again n again

One can see where the beast shud end to the topside..
  • #91,257
  • Jun 9, 2008 6:11pm Jun 9, 2008 6:11pm
ey!!!!, you japaneses, stop selling you yens so cheap ok? they much better than these pounds and dollars and things....so keep them ok? jeez
  • #91,258
  • Jun 9, 2008 6:14pm Jun 9, 2008 6:14pm
i have reviewed the charts again and guess what? yes, i know this may come as a shock because it's coming from me... but i think g-j reached the top. so i'm expecting a fall anytime now.
let's see.
Nihil Sine Deo.
  • #91,259
  • Jun 9, 2008 6:16pm Jun 9, 2008 6:16pm
Quoting RonPaul2008
ey!!!!, you japaneses, stop selling you yens so cheap ok? they much better than these pounds and dollars and things....so keep them ok? jeez
But people buy the /YEN pairs to make interest, if the other currencies don't increase, nobody would buy any money, and the world would be over.
  • #91,260
  • Jun 9, 2008 6:16pm Jun 9, 2008 6:16pm
Quoting Srikanth


they have been doing that but people just wanna do the same mistake again n again

One can see where the beast shud end to the topside..
Human are more wired to visual. When they see a price action or trend going up or down, their mind tends to disconnect to their normal logical thinking. More attracted to what they see.
I think we all could be far better off without looking at the chart but instead just trade with the price number .. something controversial but think about it ..
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