Mr.clogger did you take that long signal too? I closed half for 50 and set rest to b/e...hoping for 141.60
Auslanco - GBP/JPY and GBP/USD (newstrade)
I have a theory that in actual fact the move down on the dj was one big fat bear trap and that gj will ne 146 tomorrow
why
it is options expiry tomorrow and what better way to get an even greater profit on your put option when you exercise it then pushing the market down to hell the day before it expires.
- #140,243
- Nov 20, 2008 11:53pm Nov 20, 2008 11:53pm
watch out ... we may have to call 911 .... you may get stuck up there....
sucking up i think not
just very impressed and a lot richer.
maybe some of the people who blew their accounts would do well to heed the kings council.
for those who can trade great for those who can't you can't do better than having karmo as your shepard
long live the king
Timing is everything
- #140,251
- Nov 21, 2008 12:05am Nov 21, 2008 12:05am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
700 pip trade call less than 50 pip draw down
sucking up i think not
just very impressed and a lot richer.
maybe some of the people who blew their accounts would do well to heed the kings council.
for those who can trade great for those who can't you can't do better than having karmo as your shepard
long live the king
not sure on the 50 pips bit ?
I think draw down larger ....
but the move to 139 was inevitable .... just as the move back to 148 is now
Blogging daily now at www.volume.zone
- #140,252
- Nov 21, 2008 12:06am Nov 21, 2008 12:06am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #140,254
- Nov 21, 2008 12:09am Nov 21, 2008 12:09am
- | Joined Dec 2007 | Status: Pakute Trader | 885 Posts
700 pip trade call less than 50 pip draw down
sucking up i think not
just very impressed and a lot richer.
maybe some of the people who blew their accounts would do well to heed the kings council.
for those who can trade great for those who can't you can't do better than having karmo as your shepard
long live the king
Of course there are lots of pips to be made playing the countertrends within the overall trend .. but once you have confidence in the main trend, you can just CTC* the sucker and make pips with less stress.
Of course there is the danger of getting addicted to the patience pills....
CTC* = compound the cr*p (out of)
Keep adding positions as the trend develops.
The best part is, I am starting not to need his guidance to figure it out for myself
It's not rocket science, but there is a learning curve to get comfortable with using the gann/qqe etc.
- #140,256
- Nov 21, 2008 12:16am Nov 21, 2008 12:16am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #140,258
- Nov 21, 2008 12:26am Nov 21, 2008 12:26am
- | Joined Dec 2007 | Status: Pakute Trader | 885 Posts
the bullish div on 4 hour is getting stronger. This could possibly go and test 146 / 148 in the next few days
The determining factor of that will be London tonight and the US tomorrow
Of course being the guppy she could also be at 212 before noon NY time
... and screw the charts. 
- #140,259
- Nov 21, 2008 12:28am Nov 21, 2008 12:28am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
I see price retracing to the daily R1 at 142 which is also just above the .618 of todays move ... and I think King K would say, if the 4h stays below gann, the bias is still short. If price crosses 142.37 with any momentum, then it could get to 146, but I would doubt 148.
Of course being the guppy she could also be at 212 before noon NY time
put it this way ... those fib retracements .. take your pick ... I like 154.5
that is strong bullish div
oddly enough that trendline and 154 match up on nov 25th .....the date that I was talking about a possible market top ... now I see the game..... this maybe a nice fat bear trap .....
Blogging daily now at www.volume.zone
Mr.clogger did you take that long signal too? I closed half for 50 and set rest to b/e...hoping for 141.60
What's that smell?