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

20pip scalp was the best i could do..

not a bad idea - its already looking as if a Big Ben fakeout is in play.....TWT

been scalping 20-30 the past 30mins or so

real adrenaline rush

big time.

back up we go! there's no end to this madness!

I see a candle 4hs n am expert in full sail she can put another candle going up, 146.50, IHMO.

Just to let you know mr.candle expert....4h candle formations will differ depending on your broker

MAYBE

I'm gonna watch 'Prison Break' till we're out of this 4h bear flag, either side but I favor the downside lol

Enjoy karmo.....I favour the upside and it looks like your QQE may be favouring that too ...yalla lets wait and see

ummm there's no maybe...your higher TF candle formations will differ

since we're waiting on a breakout of the range, and london session sucks lately. let me tell u guys a little story.

there was a little merchant, a little petrochemicals factory owner (plastics and what not), and a little contractor...

let's start with the story of the merchant (or an importer if u like):
little merchant makes a living out of buying stuff from europe and china. he has storage facilities in his country. he has to convert his money to euros and Yuans to get stuff from abroad. in order for him to make a medium size order, he has to make that order 3 months in advance, and make a down payment to the factory/distributor in that other country. little merchant makes an order for 500K USD back in july. and makes a 20% downpayment and an Letter of intent, and gets all his bank documents ready. 3 months later when his shippment arrives, he discovers that he has lost all his profit plus paying money from his own pocket because the euro has lost more than 30% of its value over in the period when he placed his order till his goods arrived. tough luck. he later decides to make another bigger order to average out the cost and sell all the goods with better prices (a little more than current market prices), he later finds out that the spending power of the market has been reduced to less than 50%. his goods don't sell, and he's stuck with a massive loss. tough luck again.

Mr. petrochemicals factory owner makes an order for petrochemical raw materials back in july when oil prices were as high as 140$/barrel. people at that time said that oil prices can reach as high as 200$/barrel. he decides to make the fastest and "smartest" decision by making a big order to last him with 6 months of raw materials. 3 months later when his order arrives, he descovers that oil prices lost more than 65% of its value when he made the order. tough luck.

Mr. contractor decides to build a residence complex, and pays $2,300 a ton for foundation steel, and i have no idea for sement and other construction material. 3 months later, prices drop more than 50%.... tough luck...

this world is full of misfortunate people.

tough luck.

big fish Mr. merchant knows that will happen, he doesn't place an order at all times high prices.

big fish Mr. factory owner knows about that too, so makes his orders back in 2004 to last him for 10 years.

big fish Mr. contractor has a very good idea what's going on, and buys all those already big home compexes with dirt cheap prices last month....

aren't those big fish suckers lucky!

alright boys and girls, lesson of the day:
if u're still in school, change ur majors to finance and/or macro/micro echonomics, u guys will have alot of demand on that field in the near future in small/medium size businesses

http://www.michaeljosephradzicki.com...0Vs%20Bear.jpg

I just point out that I really n Output

loooooool interesting story

hmm, bear trap

next time i'll tell u the story of little red riding hood

nope, we're just still inside the range, no breakout yet...