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

  • #114,161
  • Sep 16, 2008 10:22am Sep 16, 2008 10:22am
No more trading until the fat lady sings...



Quoting rgitt05
scalping another 30 to 50 pips..

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  • #114,162
  • Sep 16, 2008 10:25am Sep 16, 2008 10:25am
Quoting $teve
Looks like GJ might be forming this channel. If that is the case, it could be heading for the top of this channel.
This channel is very valid if we get an hourly close above the gann. It will zigzap its way up this channel within the next few days. It is invalid if we close below the low today.
  • #114,163
  • Sep 16, 2008 10:26am Sep 16, 2008 10:26am
Quoting Monk
HA.....yeah....was really nice if you were long!!!

My shorts all under water again......
Short into the rallies .. I just did it for the 5th or 7th time today, always good for 50 pips or so .. but you have to wait until it rallies strong, really surges upwards. I get 2-3 positions and phase out as it comes back down.

Your shorts should be fine now, it just retraced to 186 ish .. hope you bailed as this is rollar coaster time...
  • #114,164
  • Sep 16, 2008 10:27am Sep 16, 2008 10:27am
Goodbye AIG...no more bailout..

We are in a bloody mess..Let things workout itself..Don't print more money please..

Stayout until 2:15 pm

Good luck everyone..

I have an order above the 4 hr Gann for long at 188.00

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  • #114,165
  • Sep 16, 2008 10:29am Sep 16, 2008 10:29am
Quoting rgitt05
No more trading until the fat lady sings...

Me too, I'm out until there is a major retracement upwards or a strong committment to the lower levels in which case I will short the rallies again.

I think we may see a somewhat strong (and very fake) move back up today .. but what do I know?
  • #114,166
  • Sep 16, 2008 10:29am Sep 16, 2008 10:29am
Quoting ak4x
Hey Orion, you get your PC woes fixed?

Nope not yet, burned the iso but musta messed it up somehow, which is quite easy for me since im a puter tard. Will try workin on it lil later today when things slow down a bit
"Millionaires don't use astrology, billionaires do"
  • #114,167
  • Sep 16, 2008 10:29am Sep 16, 2008 10:29am
Quoting karmostaji
10 eggs
Got 20 eggs here with me, buying both AIG and Lehman
  • #114,168
  • Sep 16, 2008 10:31am Sep 16, 2008 10:31am
Trades SL set 85.20 TP 220 freebie ride or failure either or cost nothing

Lookin for good buys in cable on exhaustion test or a break of decending triangle upper TL
"Millionaires don't use astrology, billionaires do"
  • #114,169
  • Sep 16, 2008 10:36am Sep 16, 2008 10:36am
Quoting OrionsWay
Trades SL set 85.20 TP 220 freebie ride or failure either or cost nothing

Lookin for good buys in cable on exhaustion test or a break of decending triangle upper TL
You must be kidding .. you meant bought @185.20 and TP @220 .. it would take months if not years to get there
Nonetheless, it's a good one to test your patience. I would vote it would hit your SL first after all this economic mess .. :-p
LOL
  • #114,170
  • Edited 10:41am Sep 16, 2008 10:37am | Edited 10:41am
someone mentioned this is in a a channel...well baby i think ur right...

this beast is just heading up so it can crash..it looks like its heading to 188 ish - 190 ish before it comes crashing to the ground baby

I'm going to take this trade @ that level...i'll monitor on lower timeframe before entering my long term TP will be 177.00 baby
  • #114,171
  • Sep 16, 2008 10:42am Sep 16, 2008 10:42am
Stay out of this market until the feds decides the rate cut at 2:15 pm ET and the solution for AIG...

The strategy in trading is not only making money but protect the profits..

Too much speculation....

The media is creating alot of bias..

The market in the past few hour went into positive and negative over and over...


Many opportunities after the announcement..




Quoting TraderStar
Me too, I'm out until there is a major retracement upwards or a strong committment to the lower levels in which case I will short the rallies again.

I think we may see a somewhat strong (and very fake) move back up today .. but what do I know?
[
  • #114,172
  • Sep 16, 2008 10:43am Sep 16, 2008 10:43am
Quoting mktjong
You must be kidding .. you meant bought @185.20 and TP @220 .. it would take months if not years to get there
Nonetheless, it's a good one to test your patience. I would vote it would hit your SL first after all this economic mess .. :-p
LOL
it will come down touch his SL, then skyrocket to 220 lol
Trade what you see, not what you think.
  • #114,173
  • Sep 16, 2008 10:43am Sep 16, 2008 10:43am
Quoting mktjong
You must be kidding .. you meant bought @185.20 and TP @220 .. it would take months if not years to get there
Nonetheless, it's a good one to test your patience. I would vote it would hit your SL first after all this economic mess .. :-p
LOL
no i scaled in, in big on 84.70 and again @83 covered most above current price and now sl set 185.20 and BIG profit target . And yea thats the purpose of a carry hold LONG time or get hit. made lots so worth a shot dont u think
"Millionaires don't use astrology, billionaires do"
  • #114,174
  • Sep 16, 2008 10:45am Sep 16, 2008 10:45am
But when? maybe this year or next year or never...



Quoting karmostaji
it will come down touch his SL, then skyrocket to 220 lol
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  • #114,175
  • Sep 16, 2008 10:50am Sep 16, 2008 10:50am
Quoting OrionsWay
no i scaled in, in big on 84.70 and again @83 covered most above current price and now sl set 185.20 and BIG profit target . And yea thats the purpose of a carry hold LONG time or get hit. made lots so worth a shot dont u think
i'm thinking carries soon too, but not that soon...
  • #114,176
  • Sep 16, 2008 10:51am Sep 16, 2008 10:51am
Quoting OrionsWay
no i scaled in, in big on 84.70 and again @83 covered most above current price and now sl set 185.20 and BIG profit target . And yea thats the purpose of a carry hold LONG time or get hit. made lots so worth a shot dont u think
Yeah .. but 220 it's just too optimistic ..
  • #114,177
  • Sep 16, 2008 10:53am Sep 16, 2008 10:53am
Where is the Fast Forward button on this thing, wheres the rewind? WAIT there isn't a take back button either!
  • #114,178
  • Sep 16, 2008 10:54am Sep 16, 2008 10:54am
We may really see a reversal if it stays above 185.50 in the next hour ..
  • #114,179
  • Sep 16, 2008 10:54am Sep 16, 2008 10:54am
I went long 30 min ago.

I made the conclusion that the feds will never let AIG fail. It could be the beginning of the end if they do.

Modest lot and yes, it's a gamble. well thought out but still a gamble.

B
  • #114,180
  • Sep 16, 2008 10:55am Sep 16, 2008 10:55am
Quoting mktjong
Yeah .. but 220 it's just too optimistic ..

Its just a number a 3 second change order to what ever but 220 is a viable target a better target would be say 280 300

The way i see it world cannot function in chaos like present thoughts spinning around, but large scale shake is a healthy means which happens all the time in business industry markets. A simple talk if things get too bad and this problem is resolved with money, G8 intervention fixes everything.

Just like oil just shortly ago. It was too pressing on everything a word went out stop the OFFER and bam down we go. speculation stopped dead
"Millionaires don't use astrology, billionaires do"
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