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

tank mode i ready
fasten ur seatbelt

rsi 8?

thanks!!

Why?

seems we're on the same team

shouldn't have posted granny ping-pong..

hehe, i'm not

price is closing below ema 14 on m30 so far


but it could be a bull flag and this damn TL is holding
have to think about it yet

Think carefully and don't be biased.

FE100 at 143.90 is pretty TOUGH... she likes me, lol
if we close above it, i'll close my shorts.

i think bulls have done here
nice sell off

Is it trying to stop out all the sl?

weird price action there..

French finance minister just said g7 won't intervene on yen, any intervention would be purely japanese. Should give the bears some more leeway.

Stocks head for sharply lower open as yen surges
Monday October 27, 8:25 am ET
By Tim Paradis, AP Business Writer US stocks head for sharply lower open as global markets tumble; yen jumps on economic worries

NEW YORK (AP) -- U.S. stocks headed for yet another sharply lower open Monday as stock markets tumbled further around the world on worries about the health of the global economy. U.S. stock futures fell but came well off their worst levels. Dow Jones industrial average futures fell 145, or 1.8 percent, to 8,116, after being down more than 200.
Standard & Poor's 500 index futures fell 18.70, or 2.16 percent, to 847.30, while Nasdaq 100 index futures fell 21.50, or 1.8 percent, to 1,170.00.
A surge in the yen illustrated investors' nervousness about how much economic activity could slow. Japan's Nikkei 225 index dropped to its lowest close in 26 years as investors worried that the high yen will hurt Japanese exports and further disrupt economic activity. The currency moved to the 93 yen level.
The Nikkei fell 6.4 percent to its lowest level since October 1982, while Hong Kong's Hang Seng Index tumbled 12.7 percent, its lowest finish in more than four years and its biggest single-session drop since 1991.
The sell-off came even as the seven leading industrial nations on Sunday issued a statement warning about the "recent excessive volatility" in the value of the yen. The G7 said it would "cooperate as appropriate," stirring speculation of an orchestrated intervention to help stabilize currency markets.
Selling spread to Europe when markets opened there. In afternoon trading, Britain's FTSE 100 fell 3.73 percent, Germany's DAX index lost 3.75 percent, and France's CAC-40 declined 5.76 percent.
The global sell-off comes a day ahead of the start of a two-day meeting of the Federal Reserve and is prompting speculation that the world's major central banks could announce coordinated rate cuts. The Fed had already been expected to lower its fed funds rate by a half-point to 1 percent on Wednesday.
The ongoing selling is due in part to the belief that a worldwide recession is likely inevitable, but it's also being triggered by hedge funds and other investors unloading stock because they're being hit by margin calls. In a margin call, a broker who lent money to an investor calls in the loan, forcing the investor to sell stock to repay the loan.
On Friday, stocks ended at their lowest levels in five years, but not at their worst levels of the session. The Dow fell 3.59 percent, the Standard & Poor's 500 index fell 3.45 percent, while Nasdaq declined 3.23 percent.
The gyrations in stocks have been sizable since the market's peak a year ago, but particularly since last month's bankruptcy of Lehman Brothers Holdings Inc. and a government rescue of insurer American International Group. With investors uncertain about the economy, the market appears to be bouncing along a rocky bottom after falling sharply earlier this month.
Investors fearfulness also fed demand for the safety of some types of government debt Monday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.62 percent from 3.72 percent late Friday. The dollar was higher against most other major currencies, except the yen, while gold prices rose.
The yield on the three-month bill, regarded as the safest asset around, rose to 0.86 percent from 0.82 percent late Thursday.
Investors around the world seemed largely unimpressed by government efforts to help lift market sentiment. South Korea's central bank cut its key interest rate Monday by three-quarters of a percentage point, its largest-ever reduction. The country's stock market benchmark Kospi ended with a 0.8 percent gain.
Elsewhere, central banks in Australia and Hong Kong added funds to their markets to boost liquidity. Investors also digested a report from Verizon Communications Inc. that its earnings rose 31 percent in the third quarter after its wireless business showed stronger-than-expected results.

gu eu higher but yen pairs seems down

Can you post a chart with FE100?

Thx.

bearish pennant if u ask me, but if upper TL is broken and we trade above DP then it might turn into a huge bearish flag.

but if 1h cci30 closes below the -100 line, it's all over for the bulls.

price is stuck between fe100 and fe 61.8, an m5 close above/below either might decide the direction.

m5 CCI is refusing to close below the 0 line...

YEAH... sideway between FE 0.618 and FE100.. and TRICHET is on line in about 30min !!

http://www.doske.com/fx/gy4.gif