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

  • #125,901
  • Oct 24, 2008 4:14am Oct 24, 2008 4:14am
Quoting lilmoe
opec to lower production by 1.5M barrels a day, and oil prices are still going down.... WTF
That's the ONE thing I am glad is going down.
  • #125,902
  • Oct 24, 2008 4:15am Oct 24, 2008 4:15am
Quoting Yaad
Stop loss?
i didn't put stop loss because i was missed from the computer not much then 40 minutes

and the worst thing is the money was borrowed from the bank 3 weeks ago with 15% interest rate
  • #125,903
  • Oct 24, 2008 4:17am Oct 24, 2008 4:17am
Quoting lilmoe
opec to lower production by 1.5M barrels a day, and oil prices are still going down.... WTF
oil at 63 (3 dollar drop since opec decision)
  • #125,904
  • Oct 24, 2008 4:17am Oct 24, 2008 4:17am
ROTFL


Quoting VishalJ
That's the ONE thing I am glad is going down.
  • #125,905
  • Oct 24, 2008 4:18am Oct 24, 2008 4:18am
just found it on another thread

thought would be good one to freshen up the mood
Attached Image
  • #125,906
  • Oct 24, 2008 4:18am Oct 24, 2008 4:18am
Quoting 555

and the worst thing is the money was borrowed from the bank 3 weeks ago with 15% interest rate
Ok, do NOT do that ever again. Do NOT borrow money to trade! People sell their homes to trade, lose everything, and then jump out the window. I set a target - 5% of my savings to play around with forex - if I had inside info like George Soros does, then I would probably play with more.. but no thank you otherwise.
  • #125,907
  • Oct 24, 2008 4:18am Oct 24, 2008 4:18am
Dow futures down 534... its Armageddon on the footsteps...
  • #125,908
  • Oct 24, 2008 4:22am Oct 24, 2008 4:22am
Any FX brokers paying out the money? or are the going under ? :S
  • #125,909
  • Oct 24, 2008 4:22am Oct 24, 2008 4:22am
All this buying of dollars, reduces the US debt, no?
  • #125,910
  • Oct 24, 2008 4:24am Oct 24, 2008 4:24am
who knows......will OPEC meeting change anything ? It appears oil price will touch $140 in no time. www.oil-price.net
  • #125,911
  • Oct 24, 2008 4:25am Oct 24, 2008 4:25am
Quoting 555
i went long at 149.50 and i go to take a shower ... when i came back i see my account blown up is the worst day of my life (financial talking) ... lost 13k usd.
Congrat for all the WISE guys who made $ today because i'm \"dust\" ...
This is called "PANIC SELL OFF". Don't expect the price to come back after it goes a 500 pips or so against you. It's "Trending" against your entire account not just a percent ...

No trend line, no fib level, no sup res level would work now. These things are for normal market conditions. When something like this begins, it continues until that panic is over. It ends when people's fear is gone not because it hits just a trend line or fib level.
Discipline + Patience - Fear - Greed = Success
  • #125,912
  • Oct 24, 2008 4:27am Oct 24, 2008 4:27am
Quoting 555
i didn't put stop loss because i was missed from the computer not much then 40 minutes

and the worst thing is the money was borrowed from the bank 3 weeks ago with 15% interest rate
That's just reckless man - surely you know you might lose that money.
Plus no stoploss
plus buying against a crashing market
plus leaving computer unattended for 40 mins!!

I really don't understand some people......
All your actions look like self-sabotage.
Don't even think of trading again until you sort yourself out.

All I hope is that someone else learns a lesson from this.
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #125,913
  • Oct 24, 2008 4:28am Oct 24, 2008 4:28am
Quoting VishalJ
All this buying of dollars, reduces the US debt, no?

usd/chf crashed hard
  • #125,914
  • Oct 24, 2008 4:28am Oct 24, 2008 4:28am
Quoting arezab
This is called \"PANIC SELL OFF\". Don't expect the price to come back after it goes a 500 pips or so against you. It's \"Trending\" against your entire account not just a percent ...

No trend line, no fib level, no sup res level would work now. These things are for normal market conditions. When something like this begins, it continues until that panic is over. It ends when people's fear is gone not because it hits just a trend line or fib level.
that wont be happening soon, trust me.

ladies and gentlemen, welcome to HELL
  • #125,915
  • Oct 24, 2008 4:28am Oct 24, 2008 4:28am
touching 144 again
  • #125,916
  • Oct 24, 2008 4:30am Oct 24, 2008 4:30am
  • #125,917
  • Oct 24, 2008 4:31am Oct 24, 2008 4:31am
oh lord, not again.
  • #125,918
  • Oct 24, 2008 4:32am Oct 24, 2008 4:32am
welcome 120 level fellas today LOL
  • #125,919
  • Oct 24, 2008 4:35am Oct 24, 2008 4:35am
Ok making profits on such days is sweet.. but this is getting a *little* uncomfortable now..
  • #125,920
  • Oct 24, 2008 4:35am Oct 24, 2008 4:35am
bye bye 140

oh my god, we were at 215 three months ago
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