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

daily

YEP, and is going to be released when they are sure that there is more BUYERS then SELLERS on the market.. (well.. MARKET )

SHORT SELLING is forbidden on DJ for next few Years you can get your feed back ONLY and ONLY if you a BUYER..

Black Friday in NY begins in 11 mins .......prepare for HARD LANDING

Thanks piters.. i had a tick setting on.. so it wasn't moving due to the limit down, now i changed my view to 1H.. looks good. 12 minutes to go.. let the mayhem begin (unless Bernie cuts rates)

maybe its scared, because it sees 4000 today

I already lock the profit...let it run to 128

hala, i use the MACD scrat uses, in addition to CCI input 30.

that macd is called MACD_Adjustable, and can be found on this thread's attachments.

The price is right at the 5m ema 50.

Amazing.

127 sounds better

take it or break it....

oh sorry, that wasn't fxpro bad datafeed..

DJIA, S&P Futures Hit Limit Down On Globex




LONDON -(Dow Jones)- December futures in the Dow Jones Industrial Average traded on Globex hit limit down Friday, a further sign of extreme market stress.
Traders had said that they weren't surprised the DJIA futures hit limit down after S&P 500 futures had hit limit down earlier, saying that selling pressure would simply move to other contracts.
At 1003 GMT, screens showed the DJIA contract at locked at 8224, a fall of 550 points. S&P futures remained locked at 855.2, a fall of 60 points.

time for hell

lol! bro how's you with Elliot waves? corrective shall start off that trendline but the thing is that im no good in identifying sub waves and main waves so i might be wrong..

(CBS/ AP) Wall Street headed for another precipitous drop Friday as fears of a punishing global recession stirred panic among investors and sent world financial markets into a tailspin. The Dow Jones industrial average futures were down 550 points, the maximum allowed price change.

The increasingly grim outlook convinced investors that the world economy is headed for a long and severe downturn despite a raft of government rescue efforts aimed at pulling the financial system from the brink. Fearing more carnage in equity markets, big hedge funds and other institutional investors have been pulling out their money in a bid to reduce risk and raise cash.

Adding to the anxiety has been a barrage of worrisome corporate earnings and pessimistic fourth-quarter outlooks -indicating that the tremors caused by the global credit crisis may have not even begun to be felt.

News from overseas added to investors' anguish. In Japan, shares of Sony sank more than 14 percent after it slashed its earnings forecast for the fiscal year. In Germany, Daimler's stock dropped 11.4 percent in morning trading after it reported lower third-quarter earnings and abandoned its 2008 profit and revenue guidance.

Ahead of the market's open, Dow Jones industrial average futures fell the maximum allowed limit of 550, or 6.27 percent, to 8,224. That triggered circuit breakers that automatically freeze selling.

On Thursday, the Dow rose 172 points as investors went looking for bargains after two days of selling. Analysts have predicted that trading will remain volatile for the foreseeable future while investors test whether or not the market has hit a bottom.

The Standard & Poor's 500 index futures was down 60.00, or 6.56, to 855.20, and the Nasdaq 100 index futures was down 77.75, or 6.20 percent, to 1,175.75.

Financial markets overseas were also down sharply.

Japan's Nikkei stock average fell 9.60 percent. Britain's FTSE 100 was down 5.95 percent, Germany's DAX index was down 9.38 percent, and France's CAC-40 was down 7.35 percent.

Credit markets remained tight but still much improved from where they were last week. The three-month bill, regarded as the safest assets around, yielded 0.95 percent, up slightly from 0.94 percent late Thursday. Last week the yield was at 0.20 percent, indicating investors were willing to trade the slimmest of returns for a safe place to keep their money.

The U.S. dollar, meanwhile, plunged below 93 yen, a 13-year low, as traders reacted to dismal U.S. jobs data that spurred speculation the Federal Reserve might cut interest rates. Meanwhile, gold prices plunged.

Light, sweet crude was down $3.47 to $64.37 premarket electronic trading on the New York Mercantile Exchange. The sell-off came despite OPEC's announcement that it will cut production by 1.5 million barrels a day in a bid to shore up sagging prices.

Meanwhile, Britain's economy shrank between July and September, official figures showed Friday - confirming that the country is on the brink of recession and sending the pound into a dive against the U.S. dollar.

Britain's economic output declined by 0.5 percent last quarter, according to the Office for National Statistics.

It was the first time since 1992 that Britain's economy has contracted, and the fall was greater than analysts' prediction of a 0.2 percent drop.

The figures put Britain halfway into a technical recession - defined as two or more consecutive quarters of negative economic growth.


MMVIII, CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

UJ M5 - down ....GJ drop around 100 pips

geez, what kind of volatility is this...

anyone smell BOJ? lol

stinks of it.. this is madness - can get acct wiped out

we should see the end of wave 5 of 5 soon.. very soon, but i don't know where the bottom should be.

since we have accelerated trend movement (2000 pips down in 7 hours), it's a textbook indicator that the trend is about to end.

YES, I agree... we don't have to take every single PIP ( or we have to LOOL, if I ask lilmoe I know the answer )