On our way to retest the lows....
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #118,364
- Sep 30, 2008 6:09pm Sep 30, 2008 6:09pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #118,366
- Sep 30, 2008 6:11pm Sep 30, 2008 6:11pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #118,367
- Sep 30, 2008 6:15pm Sep 30, 2008 6:15pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #118,368
- Sep 30, 2008 6:20pm Sep 30, 2008 6:20pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
190 eh.. that's a stretch.. gl.
If 186.25 holds we have a 1-2-3 buy set up on the 4 hour
191.20 breaks we see 194.26 for sure and maybe 197 once more
so i do not think my 190/191 is so far fetched right now according to the technicals
not just that but 191.82 is 5-% fib retracement of move down and 193.13 is 61.8%
now if 188 is broken to downside I will rethink
Blogging daily now at www.volume.zone
- #118,370
- Sep 30, 2008 6:30pm Sep 30, 2008 6:30pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
yeah, let's. you gotta be real tired, i don't think bored can emulate such ideas 
.
just kidding.
p.s. you know what? i just read my post again. i don't know what i wanted to say, so i better go get some sleep.
see you all later.
.just kidding.
p.s. you know what? i just read my post again. i don't know what i wanted to say, so i better go get some sleep.
see you all later.
i'm bored, here's a little story.
since a broker's "main" income is spread, wouldn't trade logic say "sell more; gain more"?
so if this applies to retail brokers, then it might only sound logical that they lower the spread so us retail traders can scalp the shit out of the market, and therefore brokers make more money....
high spread in easy markets, and lots of other facts only prove my point; retail brokers PAY you your wins, and GAIN on your loss.
let's try to describe this in easier english for the newbies:
broker: hey lilmoe, what do u think GJ is going to do today??
lilmoe: hmmmm, there's a bullish divergence (bla bla bla), so i think it should go up 200 pips from point X.
broker: hmmm, sounds interesting. wanna bet?
lilmoe: sure!!
broker: ok, how much do u want to put in?
lilmoe: 5 bucks.
broker: cool, here are the rules:
1) i will cover you with 500 dollars for your 5 bucks.
2) you will make (such and such) on each pip.
3) i don't lose, u do, so if the market goes down, i'll deduct from your 5 bucks.
4) if it really goes up like u said, i'll pay ya the same amount per pip.
lilmoe: cool, let's rock!
later on, lilmoe loses
broker: sucker!!! hahahahahah
what a joke. sounds like a casino right? guess what. if my voice right now reaches 100 thousand retail traders, each with a 100k account, and we ALL buy GJ, with 100 lots, that would be 10 million lots right?? here comes the joke, THE MARKET WON'T MOVE AN INCH!!!! NONE of our orders are actually routed to the market.
by the way, each lot is 1k USD (if your account is in USD), 10 million lots = 10 billion USD, if SURE 10 billion can move GJ up 200 pips, if not more.
this is really cool, if brokers are really that honest, let's create a massive trading community where our orders really MOVE the market, just like that einstine dude
is their an equation for how many pips can an order of X size move the market in actuality?
Nihil Sine Deo.
- #118,371
- Sep 30, 2008 6:31pm Sep 30, 2008 6:31pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #118,372
- Sep 30, 2008 6:37pm Sep 30, 2008 6:37pm
- Joined Nov 2006 | Status: Trader | 3,112 Posts
Should be a proud day in America tomorrow. We should break 10 trillion in public debt.
It was only 5.7 trillion when Bush took office. The one thing that he was successful at, bankrupting our country.
Heck of a job, you stupid POS!!!!!
It was only 5.7 trillion when Bush took office. The one thing that he was successful at, bankrupting our country.
Heck of a job, you stupid POS!!!!!
- #118,373
- Sep 30, 2008 6:37pm Sep 30, 2008 6:37pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
yeah, let's. you gotta be real tired, i don't think bored can emulate such ideas
just kidding.
p.s. you know what? i just read my post again. i don't know what i wanted to say, so i better go get some sleep.
see you all later.
by the way. are u watching for a breakout?
- #118,374
- Sep 30, 2008 6:39pm Sep 30, 2008 6:39pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Should be a proud day in America tomorrow. We should break 10 trillion in public debt.
It was only 5.7 trillion when Bush took office. The one thing that he was successful at, bankrupting our country.
Heck of a job, you stupid POS!!!!!
- #118,375
- Sep 30, 2008 6:40pm Sep 30, 2008 6:40pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
ok... think about this:
after that nice fall that ended at 184.47, we had quite a rally. and if you look at its structure, it was an impulse.
now... the problem with a new low (that is, below 184.47) is that i don't believe in 3 consecutive motive waves: we had one downwards, ended @ 184.47; then we had another one, upwards, ended @ 197.39; and now, the third one going below 184.47??? i don't think so.
most probably we will see a long correction on daily, and i am thinking at 3 targets: 197 area (or a little bit below), 199.40 area, or 204/206 area.
if i remember about this post when i wake up, i'll come up with a chart.
after that nice fall that ended at 184.47, we had quite a rally. and if you look at its structure, it was an impulse.
now... the problem with a new low (that is, below 184.47) is that i don't believe in 3 consecutive motive waves: we had one downwards, ended @ 184.47; then we had another one, upwards, ended @ 197.39; and now, the third one going below 184.47??? i don't think so.
most probably we will see a long correction on daily, and i am thinking at 3 targets: 197 area (or a little bit below), 199.40 area, or 204/206 area.
if i remember about this post when i wake up, i'll come up with a chart.
It can definitely do what it wants but the Daily chart is screaming short and I'm in it biggg, I have my fingers crossed
Nihil Sine Deo.
- #118,376
- Sep 30, 2008 6:41pm Sep 30, 2008 6:41pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #118,377
- Sep 30, 2008 6:48pm Sep 30, 2008 6:48pm
- Joined Aug 2007 | Status: Jamaica | 1,069 Posts
Should be a proud day in America tomorrow. We should break 10 trillion in public debt.
It was only 5.7 trillion when Bush took office. The one thing that he was successful at, bankrupting our country.
Heck of a job, you stupid POS!!!!!
- #118,378
- Sep 30, 2008 6:51pm Sep 30, 2008 6:51pm
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
Should be a proud day in America tomorrow. We should break 10 trillion in public debt.
It was only 5.7 trillion when Bush took office. The one thing that he was successful at, bankrupting our country.
Heck of a job, you stupid POS!!!!!
- #118,379
- Sep 30, 2008 6:53pm Sep 30, 2008 6:53pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
