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

  • #122,641
  • Oct 15, 2008 12:56pm Oct 15, 2008 12:56pm
Quoting malcolmb14
we got 1700 points to go in 20 min .. think we can make it ?

DJ is very weak today ....gj should drop further yet today 173 / 170 target for asia . UK session
lol, i'm ready either way. but on the monthly chart of DJI 7000 is a very critical point, if we break it, not only 6500 will come, sub 5000 is very likely.
  • #122,642
  • Oct 15, 2008 1:02pm Oct 15, 2008 1:02pm
166 here comes karmo
Trade what you see, not what you think.
  • #122,643
  • Oct 15, 2008 1:04pm Oct 15, 2008 1:04pm
Quoting karmostaji
166 here comes karmo
lol karmo .... you getting a little excited over there....
Blogging daily now at www.volume.zone
  • #122,644
  • Oct 15, 2008 1:05pm Oct 15, 2008 1:05pm
Bears are serious and insane ... pity my 2 short positions from 180 hit SL
Discipline + Patience - Fear - Greed = Success
  • #122,645
  • Oct 15, 2008 1:06pm Oct 15, 2008 1:06pm
Quoting malcolmb14
lol karmo .... you getting a little excited over there....
I'm not, take 2 patience pills and in the coming sessions we will get there
Trade what you see, not what you think.
  • #122,646
  • Oct 15, 2008 1:11pm Oct 15, 2008 1:11pm
Quoting karmostaji
166 here comes karmo
166 instead of 155 ?

i thought yen is the best currency atm..
  • #122,647
  • Oct 15, 2008 1:12pm Oct 15, 2008 1:12pm
Quoting karmostaji
I'm not, take 2 patience pills and in the coming sessions we will get there

I have no doubt ... likely even lower ...

the real fundies are showing through now ... today was seond largest drop in history on dj

I do not know about the sessions bit though .... may be the coming session ... singular ..lol
Blogging daily now at www.volume.zone
  • #122,648
  • Oct 15, 2008 1:14pm Oct 15, 2008 1:14pm
Quoting malcolmb14
I have no doubt ... likely even lower ...

the real fundies are showing through now ... today was seond largest drop in history on dj

I do not know about the sessions bit though .... may be the coming session ... singular ..lol
LOL, next session is even better
Trade what you see, not what you think.
  • #122,649
  • Oct 15, 2008 1:14pm Oct 15, 2008 1:14pm
long now?
  • #122,650
  • Oct 15, 2008 1:14pm Oct 15, 2008 1:14pm
Quoting alearner
long now?
Do you like to lose?
Trade what you see, not what you think.
  • #122,651
  • Oct 15, 2008 1:16pm Oct 15, 2008 1:16pm
I'm going to be adding shorts at 1h/4h 5sma
Trade what you see, not what you think.
  • #122,652
  • Oct 15, 2008 1:18pm Oct 15, 2008 1:18pm
karm, do you think there will be a 100 -200 pip small retrace, the next daily candle needs an upper wick ?

still holding a lot of shorts
  • #122,653
  • Oct 15, 2008 1:19pm Oct 15, 2008 1:19pm
Quoting alearner
long now?
  • #122,654
  • Oct 15, 2008 1:19pm Oct 15, 2008 1:19pm
Quoting peaches
karm, do you think there will be a 100 -200 pip small retrace, the next daily candle needs an upper wick ?

still holding a lot of shorts
price might retrace to the LTL of the bull flag that got broken to the downside, so might retrace upto 173.70 area
Trade what you see, not what you think.
  • #122,655
  • Oct 15, 2008 1:20pm Oct 15, 2008 1:20pm
Quoting alearner
long now?
there may be be bounmce to 173.5 ish or a little higher

use this as an oppertunity to get short .. I think

the bounces are liekly going to be like the 100 pip move up in one candle earlier .. they are designed to trap bulls ... I saw that spike and shorted it 175.10. They should be used to get short. This is not going up tonight , that I think is safe to say

the dj fell almost 8% today .. 2nd largest drop in history. .... gj has a lot more to go down tonight yet
Blogging daily now at www.volume.zone
  • #122,656
  • Oct 15, 2008 1:25pm Oct 15, 2008 1:25pm
Quoting lilmoe
I thought I'd get in before you did.


i've got a fib (162) at 172.65 it might hold for a while
  • #122,657
  • Oct 15, 2008 1:25pm Oct 15, 2008 1:25pm
Quoting karmostaji
price might retrace to the LTL of the bull flag that got broken to the downside, so might retrace upto 173.70 area
And then new shorts!!!
  • #122,658
  • Oct 15, 2008 1:29pm Oct 15, 2008 1:29pm
Quoting alearner
I thought I'd get in before you did.


i've got a fib (162) at 172.65 it might hold for a while

I have that same line

but to go long is crazy right now .. there is another 300 - 500 pip to come tonight.

I think the drop in gj will continue into the asian and UK session.

DJ closed on its low of day and formed an evening star on the daily . We are not that far away from the recent lows. Bet those that got sucked into buying on the rally and did not take profit (aka retail stock investor that does not have a clue) are cursing right now.
Blogging daily now at www.volume.zone
  • #122,659
  • Oct 15, 2008 1:30pm Oct 15, 2008 1:30pm
Quoting alearner
I thought I'd get in before you did.


i've got a fib (162) at 172.65 it might hold for a while

the best thing to do now is to sell rallies
  • #122,660
  • Oct 15, 2008 1:30pm Oct 15, 2008 1:30pm
Quoting alearner
long now?
well spotted!
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