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Auslanco-GBP/JPY Strength Indicator strategy 345 replies

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

Quoting malcolmb14
at the moment asl ong as the channel holds it is short the rallies ... we have passed down thru the 50 % fib retracement and likely heading towards 187.12.

Technicals are still working on smaller time frames. I would not trade anything over 15 min right now ...lol

Attachment
187,12 hit

breaks here we go to 186.60 and maybe even a complete retracement to 186
Blogging daily now at www.volume.zone
Quoting malcolmb14
187,12 hit

breaks here we go to 186.60 and maybe even a complete retracement to 186
I had a sell @187.75 but closed too early before 5 pm EDT ..
If it gets to 186.60, I would place a buy, mostly likely ..
Jim DeMint is ripping up the plan..
Quoting mktjong
I had a sell @187.75 but closed too early before 5 pm EDT ..
If it gets to 186.60, I would place a buy, mostly likely ..

i am being a little risky and closed my short on the 61.8 at 187 . I opened long on whole number. with a tight stop. I have a sell stop order under 187 also in case of collapse.

I think that the fact that the Senate / House may not agree on the bill is factored into the market. I mean the dj is ranging right now and once a decision has been made it will shoot up or down by several hundred points
Blogging daily now at www.volume.zone
Quoting malcolmb14
i am being a little risky and closed my short on the 61.8 at 187 . I opened long on whole number. with a tight stop. I have a sell stop order under 187 also in case of collapse.

I think that the fact that the Senate / House may not agree on the bill is factored into the market. I mean the dj is ranging right now and once a decision has been made it will shoot up or down by several hundred points
I think it's gonna be a lot of volatility to trade .. heaven for scalping again .. lol..
what time the voting?
Quoting anthonykay
what time the voting?

on c span I think i saw 9 pm est but correect me if i am wrong
Blogging daily now at www.volume.zone
Quoting anthonykay
what time the voting?
i'm not sure either but i think it has to be passed by both the house and the senate and could drag out to the end of the week.
"The Senate has scheduled a Wednesday night vote on the package."
Quoting anthonykay
what time the voting?
It is 7:30 PM Eastern time
New voice message: Why are you calling me? If I need you, I'll call you!
"The goal is to net at least 12 more House votes than the rescue proposal received Monday, when lawmakers rocked the political and financial worlds by rejecting it.The gambit is certain to anger some conservative House Democrats, who object to tax cuts that are not offset with spending cuts. But Senate strategists assume it will gain more House votes than it will lose.
If so, Congress would be poised to pass landmark legislation giving the government billions of dollars to buy deeply discounted mortgage-backed securities that are choking off credit and roiling the markets.
The strategy is risky because some House members might see it as a high-handed move by senators. Senate passage of a bailout measure has seemed assured all along. The showdown is in the House, but now the Senate is trying to force the House's hand."
Even if the bill gets approved, the market would probably react in a short term knee jerk to the upside and then down. Selling rallies is still seems to be a better candidate ..
Quoting mktjong
Even if the bill gets approved, the market would probably react in a short term knee jerk to the upside and then down. Selling rallies is still seems to be a better candidate ..
that's the million dollar question.
Quoting mktjong
Even if the bill gets approved, the market would probably react in a short term knee jerk to the upside and then down. Selling rallies is still seems to be a better candidate ..
i dont want to get caught on knee jerks timing is important tonight if not vital

so can someone tell me when we should be flat its not as easy for me over here
Seeing a lot of opposition to bailout. Estimate time of vote has been pushed to 9pm est.
" If I can't be my own, I'd feel better dead" - Alice In Chains
Quoting jeeper
Seeing a lot of opposition to bailout. Estimate time of vote has been pushed to 9pm est.
All R-senators talking about S*X billout ;d and ALL D-senators are talking about GREAT billout so 50/50
Quoting jeeper
Seeing a lot of opposition to bailout. Estimate time of vote has been pushed to 9pm est.
cheers will be keeping a close eye on the clock - dam hard trading times
Quoting cohiba pips
cheers will be keeping a close eye on the clock - dam hard trading times

remember the market is always here ... 6 days a week if you live in North America. You do not have to trade everyday. If you are nervous of trading around this large news item and the uncertainty that is brings then take the next day or so off . The market will be here waiting for you .
Blogging daily now at www.volume.zone
[quote=malcolmb14;2254137]remember the market is always here ...

i hear you mac its just i feel there is an opportunity that cant be missed tonight i feel ok thanks over in the uk
[quote=cohiba pips;2254153]
Quoting malcolmb14
remember the market is always here ...

i hear you mac its just i feel there is an opportunity that cant be missed tonight i feel ok thanks over in the uk
that would be the greed part of the trader ....
Blogging daily now at www.volume.zone
[quote=malcolmb14;2254171]
Quoting cohiba pips

that would be the greed part of the trader ....
i had green pips on my screen for about a second
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