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

  • #115,421
  • Sep 18, 2008 3:25am Sep 18, 2008 3:25am
BOE officially denying rumors that they will cut rates - GU shot up. Crazy markets. The best weapon to trade here is a fast and reliable news source.
  • #115,422
  • Sep 18, 2008 3:26am Sep 18, 2008 3:26am
Quoting VishalJ
BOE officially denying rumors that they will cut rates - GU shot up. Crazy markets. The best weapon to trade here is a fast and reliable news source.

thats it mate, spot on, heard that also, they denied any rumours flat out, some good price action from it
Trading is 80% Emotional, 20% Technical
  • #115,423
  • Sep 18, 2008 3:26am Sep 18, 2008 3:26am
Bearish divergence on GU
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  • #115,424
  • Sep 18, 2008 3:27am Sep 18, 2008 3:27am
Quoting VishalJ
BOE officially denying rumors that they will cut rates - GU shot up. Crazy markets. The best weapon to trade here is a fast and reliable news source.
wait for retail sales
  • #115,425
  • Sep 18, 2008 3:30am Sep 18, 2008 3:30am
Quoting femzy112
hmmm ati e po ni ibibayi
iwo o ti maga, chilling with d henessey. shayo shayo shayo.
talo mu e wa si bibayi
  • #115,426
  • Sep 18, 2008 3:31am Sep 18, 2008 3:31am
Quoting fx local
its the ego thing isnt it, people love to be right and have the urge to have there thoughts vindicated....
Probably. I see most of the people lost in here, calling out crazy trades with baddest entrys and timing i have ever seen according to my simple oldschool TA. Yes its hard very hard bussines but not impossible. But its good for a laught if you know what i mean
  • #115,427
  • Sep 18, 2008 3:32am Sep 18, 2008 3:32am
Quoting Que
50 pip M5 bars is just rediculous imo.

I am unsure what this injecting is doing for the markets. I guess Dow may go positive tomorrow, but it will not last. Same thing happened last year in July/Aug.
Exactly, once all this BS gets out of the way, reality will settle in, just as Markam used to say last year.

There is no need to trade a market like right now, there are 1,000,000 opportunities tomorrow/next week/next month/next year

I'm not in a hurry to become a Millionaire , Patience
Trade what you see, not what you think.
  • #115,428
  • Sep 18, 2008 3:36am Sep 18, 2008 3:36am
Quoting belekas
Probably. I see most of the people lost in here, calling out crazy trades with baddest entrys and timing i have ever seen according to my simple oldschool TA. Yes its hard very hard bussines but not impossible. But its good for a laught if you know what i mean
im with you !
Trading is 80% Emotional, 20% Technical
  • #115,429
  • Sep 18, 2008 3:38am Sep 18, 2008 3:38am
Quoting ephisi
iwo o ti maga, chilling with d henessey. shayo shayo shayo.
talo mu e wa si bibayi
mo ma n wa si ibi bayi tele ...mo kan ni project kan ti mo n se....mi o ma trade live acct mi for now nitori market ma crazy gan oo.
Anyhw sha nice to see you
  • #115,430
  • Sep 18, 2008 3:39am Sep 18, 2008 3:39am
Quoting TraderStar
You got that right .. it is massively confusing. Some people say "long" but then 4 posts later admit they havn't taken a position yet, or "short" but they mean in the next 3 minutes!
I am tempted to put everyone on ignore except you .. that would clean it up a bit


http://www.cartoonstock.com/newscart...s/jkon228l.jpg
  • #115,431
  • Sep 18, 2008 3:39am Sep 18, 2008 3:39am
Quoting fx local
im with you !
  • #115,432
  • Sep 18, 2008 3:39am Sep 18, 2008 3:39am
Quoting excaliba007
all i meant was take it to heart and keep it in mind. it would happen, it happened. Thats all i was saying and am still saying that this forum should take everyones comment at least with a lito believe
should take everyone's comment at least with a little believe? If I did that, I'd go bankrupt just like Lehmans.

Nobody and I mean nobody should believe anything they read/see here, they should only believe in themselves and what they see on their own charts. If someone likes someone's analysis, they should learn it and try it for themselves.

btw, I'm not arguing with you, I'm just having fun
Trade what you see, not what you think.
  • #115,433
  • Sep 18, 2008 3:39am Sep 18, 2008 3:39am
Not bad but am out of my long position after that.
  • #115,434
  • Sep 18, 2008 3:40am Sep 18, 2008 3:40am
Quoting excaliba007
wait for retail sales
Markets have gone crazy. I have never seen it whip around so much like a wet cat. Being tossed around between banks and funds - leaving traders like us clueless.
  • #115,435
  • Sep 18, 2008 3:41am Sep 18, 2008 3:41am
Quoting femzy112
mo ma n wa si ibi bayi tele ...mo kan ni project kan ti mo n se....mi o ma trade live acct mi for now nitori market ma crazy gan oo.
Anyhw sha nice to see you
what language is this? my head is spinning trying to read this sentence.
It seems like english, but I think you need to re-take your spelling exam.
Trade what you see, not what you think.
  • #115,436
  • Sep 18, 2008 3:42am Sep 18, 2008 3:42am
Quoting VishalJ
Markets have gone crazy. I have never seen it whip around so much like a wet cat. Being tossed around between banks and funds - leaving traders like us clueless.
Take 2 patience pills, go out and enjoy life with a big smile
Trade what you see, not what you think.
  • #115,437
  • Sep 18, 2008 3:48am Sep 18, 2008 3:48am
Quoting karmostaji
what language is this? my head is spinning trying to read this sentence.
It seems like english, but I think you need to re-take your spelling exam.
Karmo, ur head will spin more if u try. Quit. u aent meant to understant d language. its called pidgeon english. just like jamaicans have theirs
  • #115,438
  • Sep 18, 2008 3:48am Sep 18, 2008 3:48am
Quoting VishalJ
Markets have gone crazy. I have never seen it whip around so much like a wet cat. Being tossed around between banks and funds - leaving traders like us clueless.
dont rush into anything.The major reaction is coming by usa open. retail sales was good but the madness in the economy cant make for movement above the 191.85 region.



U.K. retail sales rose unexpectedly for the second straight month in August, driven by strong growth in clothing and footwear, data from the Office for National Statistics showed Thursday.

The volume of retail sales gained 1.2% on the month and 3.3% on the year in August, the ONS said. That was significantly stronger than the expectations of economists, who had penciled in a drop of 0.5% on the month and a gain of 1.5% on the year, according to a Dow Jones Newswires survey.

July sales volumes were revised up to a gain of 0.9% on the month and revised down to a rise of 2.0% on the year, the ONS said.

The stronger-than-expected numbers are an encouraging sign that consumer sentiment may not have been battered as badly as thought by the credit crunch and economic uncertainty. However, analysts have cautioned against reading too much into the official data, noting that the Bank of England's Monetary Policy Committee is currently placing more weight on anecdotal and survey evidence.
  • #115,439
  • Sep 18, 2008 3:51am Sep 18, 2008 3:51am
Quoting femzy112
mo ma n wa si ibi bayi tele ...mo kan ni project kan ti mo n se....mi o ma trade live acct mi for now nitori market ma crazy gan oo.
Anyhw sha nice to see you
emi mo hammer gan week yi. shey oon woo trades me sha. to trade 13 mo lose meji.mo ti shey be like 15% week eyi
  • #115,440
  • Sep 18, 2008 3:52am Sep 18, 2008 3:52am
Quoting Que
50 pip M5 bars is just rediculous imo.

I am unsure what this injecting is doing for the markets. I guess Dow may go positive tomorrow, but it will not last. Same thing happened last year in July/Aug.
you know, here's an interesting thought. Even though the news "officially" came out about 2 hours ago, when exactly did they start flooding funds into the market. We've already noticed for a few days now that the beast has been acting erratically.
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