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

  • #115,381
  • Sep 18, 2008 2:44am Sep 18, 2008 2:44am
Ok Dr,

I must agree with you, you are right!
''Art is making something out of nothing and selling it'' Frank Zappa
  • #115,382
  • Sep 18, 2008 2:45am Sep 18, 2008 2:45am
Quoting KillerWhale
DO YOU HAVE ANYTHING TO SUBSTANTIATE THIS?
It is based on his.............

http://www.cosmic.ca/balls/ball100-stand.jpg
Trade what you see, not what you think.
  • #115,383
  • Sep 18, 2008 2:45am Sep 18, 2008 2:45am
Quoting KillerWhale
DO YOU HAVE ANYTHING TO SUBSTANTIATE THIS?
its all over d news. karmo popste one
  • #115,384
  • Sep 18, 2008 2:46am Sep 18, 2008 2:46am
the traps, sorry i mean the technical levels, is there anything proves them scientifically? or they're just a gang mades to tell your next move? because among the articles i have read about technicals no one mentioned a good logical reason for them to be there, the only thing that i saw while reading those articles is that they're not convinced about what they're talking but trying to convince you..
I recommend you read something else as this sentence is now concluded.
  • #115,385
  • Sep 18, 2008 2:47am Sep 18, 2008 2:47am
How did you get into my how to take that picture?

Quoting karmostaji
It is based on his.............

http://www.cosmic.ca/balls/ball100-stand.jpg
Que
  • #115,386
  • Sep 18, 2008 2:47am Sep 18, 2008 2:47am
Also im observing huge dayly bullish divergence on the CCI30 but none on MACD or RSI. Anyone else noticing this one?
  • #115,387
  • Sep 18, 2008 2:48am Sep 18, 2008 2:48am
I'm just sitting next to karmo eating my popcorn and enjoying the show....good luck to those of you dancing around on the stage
  • #115,388
  • Sep 18, 2008 2:48am Sep 18, 2008 2:48am
uk retail sales in 45...then what?
The Only Constant Is Change!
  • #115,389
  • Sep 18, 2008 2:49am Sep 18, 2008 2:49am
I'm a fundamental trader, but technicals are valuable for determining where the price is going to stop/break through as in support/resistance, psychological levels, etc.

However, during market conditions like these (volatile like mad, significant events being announced, etc) technicals get tossed out the window.

According to the latest rumors, BOE might announce rate cut at 9.30 am GMT.. this is the same as the retail sales announcement - so doubtful they will do a rate cut. It will be amazing if they actually do it + weak retail sales - could see a nice 300-400 pip drop in GU.
  • #115,390
  • Sep 18, 2008 2:49am Sep 18, 2008 2:49am
Quoting JazzmanQ2
uk retail sales in 45...then what?
Armageddon?
  • #115,391
  • Sep 18, 2008 2:49am Sep 18, 2008 2:49am
Quoting KillerWhale
DO YOU HAVE ANYTHING TO SUBSTANTIATE THIS?

take alook at the MACD divergence in H4 chart


it's just speculations ,we got to wait and see
I always knew that someday I would make it big
  • #115,392
  • Sep 18, 2008 2:51am Sep 18, 2008 2:51am
Quoting karmostaji
It is based on his.............

http://www.cosmic.ca/balls/ball100-stand.jpg
I REALLY LIKE YOUR HUMOR kARMO
New voice message: Why are you calling me? If I need you, I'll call you!
  • #115,393
  • Sep 18, 2008 2:53am Sep 18, 2008 2:53am
take this with pinch of salt, heard rumour on cnbc that BoE may cut rates to ease money markets 9.30 UK time this morning.....
Trading is 80% Emotional, 20% Technical
  • #115,394
  • Sep 18, 2008 2:54am Sep 18, 2008 2:54am
Quoting Obaidah
the traps, sorry i mean the technical levels, is there anything proves them scientifically? or they're just a gang mades to tell your next move? because among the articles i have read about technicals no one mentioned a good logical reason for them to be there, the only thing that i saw while reading those articles is that they're not convinced about what they're talking but trying to convince you..
see, the point that all of this stuff works depends on how many use it!
same with floor trader pivots. they have lost in significance, but the market movers know that this is a place for many traders to react. this is why you often see fakeouts etc. sucking s/r traders in and catching some stops before going on. its not seldom to see pivot breakdown, come up again to close above and the shoot back down. all those levels are just critical areas...it is an area of hunting for market makers. they know that the prey "lives" there and so they can play their games.
same with fib. there is not yet any substantial proof that it really works, but price often reacts to fib levels. there are currently some studies going on about fibs.
this also applies to the fact, that you only should draw obvious trendlines, because with that you can assume that the majority of traders also has seen this TL. its all about the way the herd, no matter if humans or animals, thinks and acts.

dont get me wrong, i did not say NO longs in play today. i only said trading in the current situation is money burning, because this manoeuvre you see on your charts has NO OTHER purpose than taking your money.
  • #115,395
  • Sep 18, 2008 2:55am Sep 18, 2008 2:55am
Quoting ephisi
very hig probalitiy that target will be hit, my bias is consolidation but with bullish bias until frankfurt london. maybe 100pips up 100pips down/ down and up
U guys remember this. i repeated it over and over again.
atill playing out after many hours. dats why i stayed out
  • #115,396
  • Sep 18, 2008 2:55am Sep 18, 2008 2:55am
Quoting forexer
take alook at the MACD divergence in H4 chart


it's just speculations ,we got to wait and see

you are forgiven to use this crapicator, if you don't try to convince us from trades based on that again
  • #115,397
  • Sep 18, 2008 2:56am Sep 18, 2008 2:56am
like i was saying in my previous post, there was a retracement coming but nobody would listen. Yeah, follow the trend, but keep in mind that the general trend is downwards.it has completed the ride to abt 191.70, like i said it would do from the 188 region...next point is downwards to about the 186 region. The govts of the world is pumping in cash to the central banks world wide, this might be a good deal and a relief for dow today. pls check for a small reversal at us open
  • #115,398
  • Sep 18, 2008 2:56am Sep 18, 2008 2:56am
A rate cut by BOE, nice I'd like to see that..

191 is being stubborn.

what's the next direction? I say Right for a couple of hours and then Left
Trade what you see, not what you think.
  • #115,399
  • Sep 18, 2008 2:57am Sep 18, 2008 2:57am
Quoting VishalJ
I'm a fundamental trader, but technicals are valuable for determining where the price is going to stop/break through as in support/resistance, psychological levels, etc.

However, during market conditions like these (volatile like mad, significant events being announced, etc) technicals get tossed out the window.

According to the latest rumors, BOE might announce rate cut at 9.30 am GMT.. this is the same as the retail sales announcement - so doubtful they will do a rate cut. It will be amazing if they actually do it + weak retail sales - could see a nice 300-400 pip drop in GU.
but try to call the history, go look at any chart you want, put it on MN and just try to live each move the market had, you'll findout that this market is going into loop, technicals holds for 3-4 years which make forex attractive for those who're looking for wealth and after those years an extreme number of traders will lose their money just to feed up gangs wallet ... i might be wrong but there's something that i do need to understand, why central banks dont trade forex? i mean they are able to reach any information or report they want just a mins before the release? anybody got a good reason?
I recommend you read something else as this sentence is now concluded.
  • #115,400
  • Sep 18, 2008 2:59am Sep 18, 2008 2:59am
just heard...many banks have reduced their leverage from 100:1 to 20:1 during the current "crisis". so there pretty much is no liquidity and meanwhile they try to generate some more liquidity by chasing your stops.
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