Technically wave 5 already completed (185.87). If GJ continue down is only extension of wave 5. Negative USD news, cut rate could influence GJ movement at the moment. Maybe we could see correction wave A, after market absorb all the news.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #113,621
- Sep 15, 2008 6:52pm Sep 15, 2008 6:52pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #113,622
- Sep 15, 2008 6:53pm Sep 15, 2008 6:53pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #113,623
- Sep 15, 2008 6:54pm Sep 15, 2008 6:54pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Panic selling will occur ...
Who want to own debts?
Who want to own debts?
http://www.marketwatch.com/news/stor...&dist=hplatest
here is why the move down ... futures gapped down after the afternoon close by another 50 point
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- #113,624
- Sep 15, 2008 6:54pm Sep 15, 2008 6:54pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
Technically wave 5 already completed (185.87). If GJ continue down is only extension of wave 5. Negative USD news, cut rate could influence GJ movement at the moment. Maybe we could see correction wave A, after market absorb all the news.
Yea we could
"Millionaires don't use astrology, billionaires do"
- #113,625
- Sep 15, 2008 6:55pm Sep 15, 2008 6:55pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #113,626
- Sep 15, 2008 6:56pm Sep 15, 2008 6:56pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
Panic selling will occur ...
Who want to own debts?
Debt pays big dividends Just ask Rothchilds
"Millionaires don't use astrology, billionaires do"
- #113,627
- Sep 15, 2008 6:58pm Sep 15, 2008 6:58pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Low dividends will scare investors away..
Look out below..
panic selling...
Look out below..
panic selling...
Debt pays big dividends Just ask Rothchilds
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- #113,628
- Sep 15, 2008 7:03pm Sep 15, 2008 7:03pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Good Luck with your bias about the bottom..
Glad i took longs @187.15 despite how bad the world is
should just set sl at BE and check it again in a few days
maybe whoever was left selling was exhausted today on that massssssive volume down day with no new results, time will tell
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- #113,629
- Sep 15, 2008 7:05pm Sep 15, 2008 7:05pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
Good Luck with your bias about the bottom..
U know now im am gonna make u eat those words LOL
"Millionaires don't use astrology, billionaires do"
- #113,630
- Sep 15, 2008 7:07pm Sep 15, 2008 7:07pm
- | Joined Jan 2007 | Status: Happy Aussie! | 99 Posts
Good Luck with your bias about the bottom..
Please play nice!
GP
"You Can Make Money Or Excuses But You Can't Make Both!"
- #113,631
- Sep 15, 2008 7:07pm Sep 15, 2008 7:07pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
I know when to get out of a losing trade...
Remember money can be made both ways....
Remember money can be made both ways....
U know now im am gonna make u eat those words LOL
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- #113,632
- Sep 15, 2008 7:08pm Sep 15, 2008 7:08pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
I am betting we may see low end of 186 would be re-tested in Asian session. Hourly is pretty bearish, unless something weird comes out of nowhere
(Shorted earlier @188.92)
- #113,634
- Sep 15, 2008 7:08pm Sep 15, 2008 7:08pm
- Joined May 2007 | Status: ??? | 1,265 Posts
Good Luck with your bias about the bottom..
Orion and Malcolmb are both very good traders that make a lot of money on the GBBJPY specificially. I find it quite rude that you would laugh at someone for making a bad trade, especially someone who comes here to try and help where he can.
No one on this forum has a 100% hit rate, if they did, they would be rich enough to be sipping drinks on some beach somewhere and not sitting at the computer trying to help people on how to trade.
One day you will learn humility, I just hope it does not take your account blowing up to learn it.
Que
- #113,636
- Sep 15, 2008 7:09pm Sep 15, 2008 7:09pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Please accept my apology..
I'm having fun making money while others losing money..
I'm having fun making money while others losing money..
That is not very nice and not very helpful, it is a public forum and there are going to be conflicting opinions, OrionsWay has a right to voice his \ her opinion.
Please play nice!
GP
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- #113,637
- Sep 15, 2008 7:14pm Sep 15, 2008 7:14pm
i think the fat bears are going to push this beast down this time ,there is stronger determination to target 180.00 level this round.
ok i've been dreaming of massive collapse of this beast to 180.00 level.
ok i've been dreaming of massive collapse of this beast to 180.00 level.
I always knew that someday I would make it big
- #113,639
- Sep 15, 2008 7:17pm Sep 15, 2008 7:17pm
- | Joined Jan 2007 | Status: Happy Aussie! | 99 Posts
He made an educated trade based off the information he had at hand. Unlike many people on this forum, he actually basses his trades off information he has aquired based on his own system of trading, not what some random person on the internet said it would do.
Orion and Malcolmb are both very good traders that make a lot of money on the GBBJPY specificially. I find it quite rude that you would laugh at someone for making a bad trade, especially someone who comes here to try and help where he can.
No one on this forum has a 100% hit rate, if they did, they would be rich enough to be sipping drinks on some beach somewhere and not sitting at the computer trying to help people on how to trade.
One day you will learn humility, I just hope it does not take your account blowing up to learn it.
I don't post much but have been hanging around this thread for well over a year and have been learning so much from some of the traders in here.
GP
"You Can Make Money Or Excuses But You Can't Make Both!"