ok. enough of the games played. 25 minutes left till close, lets begin the rally into 8200
Before Forex I was tall, and clean shaven. Now I am an Ewok.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #139,021
- Nov 19, 2008 3:07pm Nov 19, 2008 3:07pm
- Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts
- #139,022
- Nov 19, 2008 3:08pm Nov 19, 2008 3:08pm
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #139,023
- Nov 19, 2008 3:08pm Nov 19, 2008 3:08pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
7878 should be taken out at this rate.
what will stimulate buying?
the correct answer is not safety pin it's cat food.
good buy my cat food.. get it?
- #139,026
- Nov 19, 2008 3:11pm Nov 19, 2008 3:11pm
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #139,027
- Nov 19, 2008 3:13pm Nov 19, 2008 3:13pm
- Joined May 2008 | Status: has long shorts | 2,584 Posts
ummm anyone else short on G/J? After this Dow close i'm thinking...short and come back in a couple days?
Pred
- #139,029
- Nov 19, 2008 3:17pm Nov 19, 2008 3:17pm
- Joined May 2008 | Status: has long shorts | 2,584 Posts
139 here we come
whoooo whooo
who will win the bet? the unbelievable beautiful, sexy, charming, sophisticated, good smelling and modest bottom-will-hold-for-now supporters or the stinky bottom-will-break-now supporters?
- #139,031
- Nov 19, 2008 3:17pm Nov 19, 2008 3:17pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
it is NEVER a good idea to think of entering when the party is over. everybody sees gj down. it already dropped like hell. you can short it, keep your stops tight, 200-300 pips might be ok for now
A) no trade
B) 5m ema50 retrace
C) fibo retrace
D) what ever you like if money does not count.
- #139,032
- Nov 19, 2008 3:19pm Nov 19, 2008 3:19pm
- Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts
auto industry bail out.
At the same time, investors were discouraged by the Federal Reserve's sharply lowered projection for economic activity this year and next. In the minutes from its last rate-setting meeting in October released Wednesday, the Fed signaled additional interest rate reductions may be needed to help combat the worst financial crisis to jolt the country in more than a half-century.
The Fed predicts that with the economy forecast to lose traction or maybe jolt into reverse, unemployment will move higher.
Reports on consumer prices and new-home construction released by the government earlier in the day provided more evidence that the economy remains in flux.
According to the Labor Department's Consumer Price Index, consumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount. While lower prices might be good for the consumer, they can hurt corporate profits. Lower prices also raise the threat of deflation, a prolonged bout of falling prices.
Meanwhile, a government report on the housing sector showed that the industry's severe correction continues. The Commerce Department reported that construction of new homes plunged 4.5 percent last month to the lowest level on government records.
http://news.ino.com/headlines/?newsid=6894737757380
Before Forex I was tall, and clean shaven. Now I am an Ewok.
- #139,033
- Nov 19, 2008 3:20pm Nov 19, 2008 3:20pm
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #139,034
- Nov 19, 2008 3:20pm Nov 19, 2008 3:20pm
- Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts
i could get used to these 600 pip profit days
sleepy time
Before Forex I was tall, and clean shaven. Now I am an Ewok.
- #139,036
- Nov 19, 2008 3:22pm Nov 19, 2008 3:22pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
i can't wait for the battle at 139
who will win the bet? the unbelievable beautiful, sexy, charming, sophisticated, good smelling and modest bottom-will-hold-for-now supporters or the stinky bottom-will-break-now supporters?
what is the correct fibo extension drawing in your opinion, the yellow or
the red one ?
- #139,039
- Nov 19, 2008 3:30pm Nov 19, 2008 3:30pm
- Joined May 2008 | Status: has long shorts | 2,584 Posts
doc,
what is the correct fibo extension drawing in your opinion, the yellow or
the red one ?
there is no right or wrong in drawing fibs, since it is discretionary.
to be honest, i pretty seldom use fibs, regular retracements from time to time but i focus on previous area's where somebody stepped in buying/selling to stop a move instead of mathemathical levels.
you should ask lilmoe or malcolm about fibo extensions.