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

  • #134,881
  • Nov 11, 2008 10:49pm Nov 11, 2008 10:49pm
Quoting karmostaji
152.50 should be tops where we have 4h gann, if it gets above that then it'll turn bullish IMO

I've started to short small positions at 151 with stops at 153 risking 1%

Use good money management otherwise you'll get burnt if it turns bullish..
how do you feel bro?
  • #134,882
  • Nov 11, 2008 10:49pm Nov 11, 2008 10:49pm
I see a bear flag on GU 1h
Trade what you see, not what you think.
  • #134,883
  • Nov 11, 2008 10:50pm Nov 11, 2008 10:50pm
Quoting pkimnyc
how do you feel bro?
I drank tea + had breakfast and had 2 panadol extra, I feel better

Let's start collecting green pips (hopefully lol)
Trade what you see, not what you think.
  • #134,884
  • Nov 11, 2008 10:50pm Nov 11, 2008 10:50pm
Quoting Geppy
Hmmm... I'm still holding longs from 150.25 and looking for 154.00 area where I'd probably begin shorting.
That was a good move, especially since you are warm and cozy in profit.

Me, on the other hand, although normally quiet when raking in pips, must start analyzing and justifying shit trades that I'm hoping will reverse for any reason.
What's that smell?
  • #134,885
  • Nov 11, 2008 10:51pm Nov 11, 2008 10:51pm
Quoting karmostaji
I drank tea + had breakfast and had 2 panadol extra, I feel better

Let's start collecting green pips (hopefully lol)
  • #134,886
  • Nov 11, 2008 10:55pm Nov 11, 2008 10:55pm
gotta get some sleep. i can't trade like this.
good trading everyone.
  • #134,887
  • Nov 11, 2008 10:56pm Nov 11, 2008 10:56pm
Are we double bottoming soon?
The market can stay irrational, longer than you can stay solvent.
  • #134,888
  • Nov 11, 2008 10:57pm Nov 11, 2008 10:57pm
Quoting pkimnyc
gotta get some sleep. i can't trade like this.
good trading everyone.
Agreed, markets are dead for now... be back in a couple hours.
check out my blog: forexmademillionaire dot com
  • #134,889
  • Nov 11, 2008 10:57pm Nov 11, 2008 10:57pm
doesn't seem to want to go higher than the 23.6 fib. 1hr..
Attached Image (click to enlarge)
Click to Enlarge Name: d.gif Size: 57 KB
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #134,890
  • Nov 11, 2008 10:58pm Nov 11, 2008 10:58pm
Quoting karmostaji
I drank tea + had breakfast and had 2 panadol extra, I feel better

Let's start collecting green pips (hopefully lol)
Did you buy this property with Forex profits Karmo? I am inspired.

http://mw2.google.com/mw-panoramio/p...ium/388071.jpg
What's that smell?
  • #134,891
  • Nov 11, 2008 10:59pm Nov 11, 2008 10:59pm
Quoting pkimnyc
gotta get some sleep. i can't trade like this.
good trading everyone.
EU opening is now, wait for 15 min action
  • #134,892
  • Nov 11, 2008 11:01pm Nov 11, 2008 11:01pm
One more thing, had to check... Dow futures +100 right now
check out my blog: forexmademillionaire dot com
  • #134,893
  • Nov 11, 2008 11:02pm Nov 11, 2008 11:02pm
Quoting jon clogger
Did you buy this property with Forex profits Karmo? I am inspired.

http://mw2.google.com/mw-panoramio/p...ium/388071.jpg
lol no I didn't yet, waiting for prices to come down
Trade what you see, not what you think.
  • #134,894
  • Nov 11, 2008 11:05pm Nov 11, 2008 11:05pm
Quoting bmvmx
Are we double bottoming soon?
I think we'll see a new low, maybe a bounce off 139 first but it should break IMO
Trade what you see, not what you think.
  • #134,895
  • Nov 11, 2008 11:12pm Nov 11, 2008 11:12pm
So it seems to be bouncing off diagonal trend line and horizontal 151.00 that cross here making a very tough bit of resistance, i dont think it will break above it, so im short.

someone mentioned oil price earlier, below 60 now, on the same subject have a look at usdcad for a good long position.
  • #134,896
  • Nov 11, 2008 11:19pm Nov 11, 2008 11:19pm
From the Jacko thread: This really p's me off.

In one of the most disturbing articles I have seen for many years is this article on Bloombergs yesterday about how the Fed has refused to identify the recipients of $2 TRILLION in loans.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY& refer=worldwide

"Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.


We have what appears to be non-elected officials (The Fed) handing out $2 TRILLION without Congressional approval and apparently, without any Congressional knowledge or debate.
In addition, when asked by the media (Bloombergs) as to the identity, the Fed has refused to answer. Bloombergs has requested details under the Freedom of Information Act and filed a Federal lawsuit seeking to force disclosure

This is starting to reveal the real depth of the financial crisis looming in front of us.
Trade what you see, not what you think.
  • #134,897
  • Nov 11, 2008 11:20pm Nov 11, 2008 11:20pm
Does enyone recognize this pattern on 30 min ? NL already taken

http://www.doske.com/fx/snapshot-210.png
  • #134,898
  • Nov 11, 2008 11:26pm Nov 11, 2008 11:26pm
Quoting karmostaji
I think we'll see a new low, maybe a bounce off 139 first but it should break IMO
waiting for it for only 1 short open since last night & no tp at 150.600 but it seems now going up & up .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #134,899
  • Nov 11, 2008 11:26pm Nov 11, 2008 11:26pm
Quoting bobcat
So it seems to be bouncing off diagonal trend line and horizontal 151.00 that cross here making a very tough bit of resistance, i dont think it will break above it, so im short.

someone mentioned oil price earlier, below 60 now, on the same subject have a look at usdcad for a good long position.
i hate to ask, are you still short?
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #134,900
  • Nov 11, 2008 11:27pm Nov 11, 2008 11:27pm
Quoting Piters
Does enyone recognize this pattern on 30 min ? NL already taken

YES, and first stop is 153.05( but before that, we may have a pull back to 150.90 area)
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