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

M30 failed to break

17237 looks like rock to crack,looks other paris wants rally also

Dow further falling

Merrill Lynch Posts Loss of $5.1 Billion
Merrill Lynch reported a loss of $5.1 billion for the third quarter as the investment bank wrote down the value of collateralized debt obligations and real-estate assets and revenue tumbled from the year-ago period.

Merrill Lynch Earnings

Merrill said it lost $5.1 billion, or $5.56 a share, in the three months ended September, compared with a loss of $2.4 billion, or $2.99 a share, in the same period a year ago.

On average, analysts surveyed by Thomson Financial predicted a loss of $5.22 a share.

Net revenue for the quarter was $16 million, far short of the $760 million analysts predicted and the $7 billion it saw in the same quarter a year ago.
Excluding writedowns, a tax gain and other one-time items, revenue was $5.7 billion.

Bank of America agreed to buy Merrill Lynch for $50 billion in September.

stopped out, next setup please

looks like bull want to break higher,so was all other pairs

Another DOW falling, please note that citigroup is the biggest bank in US

Citigroup Loss Widens on Writedowns
Dow component Citigroup's loss nearly matched market expectations, coming in at 71 cents a share in the third quarter, on big writedowns.

Citigroup

Analysts polled by Thomson Reuters had forecast a loss of 70 cents per share in the third quarter, Citigroup's fourth straight quarterly loss.

The results included $4.4 billion in net pre-tax write-downs in securities and banking, Citigroup said in a statement.

The net loss totaled $2.8 billion, or 60 cents per share, compared with a profit of $2.2 billion, or 44 cents, a year earlier.

Revenue was $16.7 billion, down 23 percent from a year ago. Analysts were lookinf for $19.62 billion.

The company reported writedowns of $2.0 billion on structured investment vehicle assets and writedowns of $1.2 billion, net of hedges, on alt-A, or mid-risk, mortgages.

Approximately 11,000 jobs were cut since the second quarter, the bank said in a statement.

Citigroup shares were down 4.2 percent in Frankfurt.

ya,stop out

4H

M15

Karmo do u still see 166 as a potential target?

What's with all the spike movement? It's the third time today a spike wen't close to 174.00.

this beast tough 174 and wend down,got sl out.ohh shit

yes, as long as price remains below 4h gann hilo.

Moe, here's my workin chart

That is 5 test's of the DP yesterday we had 3 before it fell, I am with Karm been waiting for down trend to continue. With european markets selling off two days in a row the dow should follow suit today. Let's see what happens...Good Mornin all..

[quote=PJkiller;2284409]That is 5 test's of the DP yesterday we had 3 before With due respect - the sell off in the Asian and European markets has not seen the GJ fall so why do you think a sell off in the US market will make a difference ?

This thing will stay where it's at for the next 27 min. Then we'll see movement.

B

let's wait for the setup

My gut says we will see 175.80 for some reason

How do you install futures in the MT4 system? Can't find a way to import them.