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

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

#116,241
Sep 21, 2008 5:54pm Sep 21, 2008 5:54pm

OrionsWay
Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts

my intuition for selling is this, I took a dump today and it came out exactly like a S in reverse so far what a relief LOL

"Millionaires don't use astrology, billionaires do"

#116,242
Sep 21, 2008 6:02pm Sep 21, 2008 6:02pm

ephisi
| Membership Revoked | Joined Jun 2007 | 3,782 Posts

BLACK MONDAY????

#116,243
Sep 21, 2008 6:12pm Sep 21, 2008 6:12pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

Quoting mktjong

Disliked

Malcolmb,

Look at Eur/Aud or your favorite Gbp/Aud, these pairs are volatile .. not under Geppy.. I longed Eur/Aud around 1.7300 level and it bursts to the top very fast ..
Did u catch Gbp/aud ..

Ignored

no just watching .. saw gbpaud did not trade it

promised myself to sit out of the markets today .....

Blogging daily now at www.volume.zone

#116,244
Sep 21, 2008 6:16pm Sep 21, 2008 6:16pm

cohiba pips
| Joined Nov 2007 | Status: Trader | 1,839 Posts

Quoting ephisi

Disliked

BLACK MONDAY????

Ignored

im shorting lets make pips what ever

#116,245
Sep 21, 2008 6:17pm Sep 21, 2008 6:17pm

TraderStar
| Joined Dec 2007 | Status: Pakute Trader | 885 Posts

Quoting Monk

Disliked

short at 9615. this was after the bounce back up to ~9660.
Will see what happens at 9560.
Short term target of 9515.

Out of this trade very short term if does not keep below 9600

Ignored

Good for you Monk, looks like you're collecting the pips

#116,246
Sep 21, 2008 6:19pm Sep 21, 2008 6:19pm

mktjong
| Joined Nov 2006 | Status: Trader | 5,040 Posts

Quoting malcolmb14

Disliked

no just watching .. saw gbpaud did not trade it

promised myself to sit out of the markets today .....

Ignored

Thanks .. but why ..

(j/k)
Looks like the retracement is confirmed now .. now it's a matter to get in a good price ..

#116,247
Sep 21, 2008 6:19pm Sep 21, 2008 6:19pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

ym opened 11172 (-210)... ouch

this is the reason I am staying out today ... not sure what is really going on

this could be some sort of manipulation to snag those bears that are still out there ...... or a real sign of things to come ....

Blogging daily now at www.volume.zone

#116,248
Sep 21, 2008 6:20pm Sep 21, 2008 6:20pm

Eulogy
| Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts

i'm short from 196.6, position opened over the weekend. Even if this is only a retracement it should have been clear that the shoot up was far too quick especially since we don't even know if Baldy Pauly's brand spanking new nuclear grade pocket bazooka going to be approved for construction by Congress, and you can be sure if they do, it'll go through quite a bit of political wrangling.

#116,249
Sep 21, 2008 6:22pm Sep 21, 2008 6:22pm

DutchTrader
| Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts

I don't see how that plan for the Treasury can be construed as either a stock or US positive.

Patience + Humility + Study = Success

#116,250
Sep 21, 2008 6:25pm Sep 21, 2008 6:25pm

TraderStar
| Joined Dec 2007 | Status: Pakute Trader | 885 Posts

Quoting Eulogy

Disliked

i'm short from 196.6, position opened over the weekend. Even if this is only a retracement it should have been clear that the shoot up was far too quick especially since we don't even know if Baldy Pauly's brand spanking new nuclear grade pocket bazooka going to be approved for construction by Congress, and you can be sure if they do, it'll go through quite a bit of political wrangling.

Ignored

Good point.

Shorting every rally still working well .. and here comes another little one

Monk, I hope you cashed in your pips at target .. maybe you can play again.

#116,251
Sep 21, 2008 6:28pm Sep 21, 2008 6:28pm

Fiesta_id
| Joined Sep 2008 | Status: Trader | 82 Posts

Quoting mktjong

Disliked

Looks like the retracement is confirmed now .. now it's a matter to get in a good price ..

Ignored

I agree with you, it's matter to get in good price

I already long at 195.27

#116,252
Sep 21, 2008 6:29pm Sep 21, 2008 6:29pm

Monk
| Joined Mar 2007 | Status: Trader | 903 Posts

Quoting Monk

Disliked

short at 9615. this was after the bounce back up to ~9660.
Will see what happens at 9560.
Short term target of 9515.

Out of this trade very short term if does not keep below 9600

Ignored

feels nice to get a trade right once in awhile.....then again....probably just dumb luck.

--post hoc ergo propter hoc--

#116,253
Sep 21, 2008 6:30pm Sep 21, 2008 6:30pm

TraderStar
| Joined Dec 2007 | Status: Pakute Trader | 885 Posts

Quoting Monk

Disliked

feels nice to get a trade right once in awhile.....then again....probably just dumb luck.

Ignored

What timeframe were you on?

#116,254
Sep 21, 2008 6:33pm Sep 21, 2008 6:33pm

mktjong
| Joined Nov 2006 | Status: Trader | 5,040 Posts

Quoting Eulogy

Disliked

i'm short from 196.6, position opened over the weekend. Even if this is only a retracement it should have been clear that the shoot up was far too quick especially since we don't even know if Baldy Pauly's brand spanking new nuclear grade pocket bazooka going to be approved for construction by Congress, and you can be sure if they do, it'll go through quite a bit of political wrangling.

Ignored

After reading a bit here and there this week-end, in my opinion, the congress will approve it but may not be 100%. Some partial disagreements may never reach to agreement. The need to be approved is far outweighed than not.
Then, I don't know what the market will react after that. My opinion again, the market would react negatively in the beginning but would quickly dissappear. At the time, it may be a good idea to long all stocks (rock bottom price), assuming no more turmoil in the near future since all toxic mortgages already been bought ..