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

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  • Post #114,561
  • Quote
  • Sep 16, 2008 9:03pm Sep 16, 2008 9:03pm
  •  rgitt05
  • Joined Oct 2005 | Status: Member | 3,596 Posts
this price action upward is not over yet..



Quoting cohiba pips
Disliked
sorry i dont know how to post charts purely on price action

once again sorry traders dont wont to piss people off

dont take this as a call i only dip in now and again
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  • Post #114,562
  • Quote
  • Sep 16, 2008 9:04pm Sep 16, 2008 9:04pm
  •  rgitt05
  • Joined Oct 2005 | Status: Member | 3,596 Posts
Fibs never lie..



Quoting Eulogy
Disliked
Buy the rumour, Sell the fact is a strange phenomenon that seems to happen again and again and again.

Which makes it odd that we've had a 400+ pip rally in anticipation of a bailout and then another 250+ pips on confirmation. I'm not confident this will reach 191.50

This conservatorship of AIG will do exactly what it did to the FNM/FRE share price.
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  • Post #114,563
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  • Sep 16, 2008 9:07pm Sep 16, 2008 9:07pm
  •  forexsuckout
  • | Joined Sep 2008 | Status: Member | 1 Post
Hello All,

I was just wondering if all brokers are doing negative rolls on both sides, or is just fxcm?
 
 
  • Post #114,564
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  • Sep 16, 2008 9:07pm Sep 16, 2008 9:07pm
  •  rgitt05
  • Joined Oct 2005 | Status: Member | 3,596 Posts
In a stunning turn, Fed says it will loan up to $85B to AIG to avoid 'disorderly failure' - U.S. to get 79.9% of troubled insurer
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  • Post #114,565
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  • Sep 16, 2008 9:08pm Sep 16, 2008 9:08pm
  •  PJkiller
  • | Joined Mar 2008 | Status: Member | 577 Posts
Quoting rgitt05
Disliked
Fibs never lie..

Ignored
I actually have a target of 93.70 and 4 hr suggest easy possibility... But may not start till after 1am candle starts time will tell..
Price does what price wants , I just need to be prepared.
 
 
  • Post #114,566
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  • Sep 16, 2008 9:08pm Sep 16, 2008 9:08pm
  •  Eulogy
  • | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
Quoting rgitt05
Disliked
Fibs never lie..

Ignored
No but they can change
 
 
  • Post #114,567
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  • Sep 16, 2008 9:09pm Sep 16, 2008 9:09pm
  •  rgitt05
  • Joined Oct 2005 | Status: Member | 3,596 Posts


Quoting PJkiller
Disliked
I actually have a target of 93.70 and 4 hr suggest easy possibility... But may not start till after 1am candle starts time will tell..
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  • Post #114,568
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  • Sep 16, 2008 9:10pm Sep 16, 2008 9:10pm
  •  rgitt05
  • Joined Oct 2005 | Status: Member | 3,596 Posts
However, the fundamentals from the asia market is positive..

Stay tune!!



Quoting Eulogy
Disliked
No but they can change
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  • Post #114,569
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  • Sep 16, 2008 9:11pm Sep 16, 2008 9:11pm
  •  cohiba pips
  • | Joined Nov 2007 | Status: Member | 1,839 Posts
ok BE now lets go !!!!!!!!!!!!
 
 
  • Post #114,570
  • Quote
  • Sep 16, 2008 9:18pm Sep 16, 2008 9:18pm
  •  mktjong
  • | Joined Nov 2006 | Status: Trader | 5,040 Posts
Quoting cohiba pips
Disliked
ok BE now lets go !!!!!!!!!!!!
Ignored
In bullish market .. it's safer to buy dips. Unless some sort of crazy news comes out of nowhere .. but I doubt it at least not for today ..lol
 
 
  • Post #114,571
  • Quote
  • Sep 16, 2008 9:21pm Sep 16, 2008 9:21pm
  •  rgitt05
  • Joined Oct 2005 | Status: Member | 3,596 Posts
it will scare you to get out...

Always look at the higher TF for the overall trend..



Quoting mktjong
Disliked
In bullish market .. it's safer to buy dips. Unless some sort of crazy news comes out of nowhere .. but I doubt it at least not for today ..lol
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  • Post #114,572
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  • Sep 16, 2008 9:23pm Sep 16, 2008 9:23pm
  •  TraderStar
  • | Joined Dec 2007 | Status: Pakute Trader | 885 Posts
Quoting markam
Disliked
Apparently our democratically elected government no longer exists. This fucking county is now being run by Paulson and Bernanke.
Ignored
You thought we had a democratically elected government?
That was decades ago....
 
 
  • Post #114,573
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  • Sep 16, 2008 9:23pm Sep 16, 2008 9:23pm
  •  PJkiller
  • | Joined Mar 2008 | Status: Member | 577 Posts
Quoting rgitt05
Disliked
Ignored
Here we go should be pretty clear tons of room on stochs also rsi just crossed 50% so retrace then up up and away... As well as all the rest..
Attached Images (click to enlarge)
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Price does what price wants , I just need to be prepared.
 
 
  • Post #114,574
  • Quote
  • Sep 16, 2008 9:26pm Sep 16, 2008 9:26pm
  •  mktjong
  • | Joined Nov 2006 | Status: Trader | 5,040 Posts
Quoting rgitt05
Disliked
it will scare you to get out...

Always look at the higher TF for the overall trend..

Ignored
But for the last few days .. like this fast moving trend .. 5 min chart has performed brilliantly (As like many have said, 5 min chart is not for newbies, I only use to refine my entry)
 
 
  • Post #114,575
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  • Sep 16, 2008 9:29pm Sep 16, 2008 9:29pm
  •  TraderStar
  • | Joined Dec 2007 | Status: Pakute Trader | 885 Posts
Quoting Cdawg
Disliked
Good idea! been shorting after every retrace for 30 to 100+ pips in the last couple hrs.

I think i'm out for now, though a few sell limits set 190.00 and 192.5 with TPs of 186.00 Long shot I know, but with the way its moving anything is possible
Ignored
Hey cdawg, good to see you here, I was going to contact you on the other forum & invite you over here but I see you found your way or maybe you were here before me. (replace Trader with 4x and that is me )
 
 
  • Post #114,576
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  • Sep 16, 2008 9:38pm Sep 16, 2008 9:38pm
  •  bmvmx
  • | Joined Jul 2008 | Status: Member | 239 Posts
Quoting forexsuckout
Disliked
Hello All,

I was just wondering if all brokers are doing negative rolls on both sides, or is just fxcm?
Ignored
FXCM is the onlyone fuking its costumers, everyone else is paying out, CMS at 21.x daily
The market can stay irrational, longer than you can stay solvent.
 
 
  • Post #114,577
  • Quote
  • Sep 16, 2008 9:39pm Sep 16, 2008 9:39pm
  •  rgitt05
  • Joined Oct 2005 | Status: Member | 3,596 Posts
I like to scalp in a ranging market..



Quoting mktjong
Disliked
But for the last few days .. like this fast moving trend .. 5 min chart has performed brilliantly (As like many have said, 5 min chart is not for newbies, I only use to refine my entry)
Ignored
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  • Post #114,578
  • Quote
  • Sep 16, 2008 9:41pm Sep 16, 2008 9:41pm
  •  new_trader
  • | Joined Aug 2007 | Status: Member | 51 Posts
Hey rgitt05, do you sleep or there is a goup of you hedge fund owners who are logged under same name?
Talk talk talk is typical for chats admins who make new entry every 10sec.
 
 
  • Post #114,579
  • Quote
  • Sep 16, 2008 9:41pm Sep 16, 2008 9:41pm
  •  cohiba pips
  • | Joined Nov 2007 | Status: Member | 1,839 Posts
its a buy boys its going to rocket
 
 
  • Post #114,580
  • Quote
  • Sep 16, 2008 9:48pm Sep 16, 2008 9:48pm
  •  rgitt05
  • Joined Oct 2005 | Status: Member | 3,596 Posts
I have my pips locked in if the JPY announce their rate decison tonite and GJ drop.


So far, my bias is up until the 76.8% on the 1 hr chart..

There is still the AIG BS news that can turn this market around..

Overall the trend is still bearish on the 4hr,Daily,Weekly,Monthly..

I like to trade from the 1hr chart but look at the higher TF for S/R..

Good Luck.



The problem I have with indicators are they lagg..

S/R lines,fibs, trendlines are the best tools for trading..

Keep it simple..

It is like looking at three different traffic lights deciding when to go or stop.





Quoting PJkiller
Disliked
Here we go should be pretty clear tons of room on stochs also rsi just crossed 50% so retrace then up up and away... As well as all the rest..
Ignored
[
 
 
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