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

  • #140,881
  • Nov 21, 2008 2:50pm Nov 21, 2008 2:50pm
I would leave a long open .. maybe ..
  • #140,882
  • Nov 21, 2008 2:50pm Nov 21, 2008 2:50pm
pound yen solo charts for comparison. look closely we still have not bottomed or topped.
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Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #140,883
  • Nov 21, 2008 2:53pm Nov 21, 2008 2:53pm
Quoting malcolmb14
I bought 4 contract YM for tomorrows 800 point rally .... lol

not quiet ... but close .... only 500 points .. good enough

do you really think the news drove this rally ?

or was it that price was marked down yesterday so that when the put optiosn were exercised today the pros could make more money when they covered the shorts

this was inevitable today .....
Blogging daily now at www.volume.zone
  • #140,884
  • Nov 21, 2008 2:55pm Nov 21, 2008 2:55pm
Quoting malcolmb14
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.

this explanation from yesterday
Blogging daily now at www.volume.zone
  • #140,885
  • Nov 21, 2008 2:56pm Nov 21, 2008 2:56pm
Quoting malcolmb14
not quiet ... but close .... only 500 points .. good enough

do you really think the news drove this rally ?

or was it that price was marked down yesterday so that when the put optiosn were exercised today the pros could make more money when they covered the shorts

this was inevitable today .....
Gap up next Monday ..
  • #140,886
  • Nov 21, 2008 2:56pm Nov 21, 2008 2:56pm
Quoting malcolmb14
not quiet ... but close .... only 500 points .. good enough

do you really think the news drove this rally ?

or was it that price was marked down yesterday so that when the put optiosn were exercised today the pros could make more money when they covered the shorts

this was inevitable today .....
It was easy to see coming. If you know where to look.
  • #140,887
  • Nov 21, 2008 2:58pm Nov 21, 2008 2:58pm
Dow is up 500 points today... We called that one too. Malcomb and I are on the same page. Lilmoe too.
  • #140,888
  • Nov 21, 2008 3:03pm Nov 21, 2008 3:03pm
I will never forget Thanksgiving Day a few years when the USD rally against the euro reversed and never looked back.
  • #140,889
  • Nov 21, 2008 3:08pm Nov 21, 2008 3:08pm
http://upload.wikimedia.org/wikipedi...-I-145.svg.png
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #140,890
  • Nov 21, 2008 3:09pm Nov 21, 2008 3:09pm
Quoting ovaforty
I will never forget Thanksgiving Day a few years when the USD rally against the euro reversed and never looked back.
Ok, looks like a bulls market next week. Everything has been sold to the extreme. Some reliefs are coming and I think is normal and healthy. But I already closed my long .. .. don't want to have any surprises when opens next Monday.
Ok, wish u all have a good and safe week-end.
  • #140,891
  • Nov 21, 2008 3:11pm Nov 21, 2008 3:11pm
Quoting england33
http://upload.wikimedia.org/wikipedi...-I-145.svg.png


I think 146,5 top of channel test next week ..... may be just maybe that fib level of 150 / 154 will play out in the early phase of next week.
Blogging daily now at www.volume.zone
  • #140,892
  • Nov 21, 2008 3:12pm Nov 21, 2008 3:12pm
Quoting malcolmb14
I think 146,5 top of channel test next week ..... may be just maybe that fib level of 150 / 154 will play out in the early phase of next week.
that would be nice!
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #140,893
  • Nov 21, 2008 3:13pm Nov 21, 2008 3:13pm
Quoting england33
that would be nice!

25th / 26th nov will be top on daily I think
Blogging daily now at www.volume.zone
  • #140,894
  • Nov 21, 2008 3:17pm Nov 21, 2008 3:17pm
Quoting malcolmb14
25th / 26th nov will be top on daily I think
probably so that would make sense. just before holiday they will sell off.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #140,895
  • Nov 21, 2008 3:18pm Nov 21, 2008 3:18pm
Likely gap up next Monday .. (should have kept the long..)
  • #140,896
  • Nov 21, 2008 3:22pm Nov 21, 2008 3:22pm
Quoting mktjong
Likely gap up next Monday .. (should have kept the long..)
Question is, which way ?
  • #140,897
  • Nov 21, 2008 3:24pm Nov 21, 2008 3:24pm
Quoting mktjong
Likely gap up next Monday .. (should have kept the long..)
shoulda woulda coulda
I was leaving open position before for the weekend, but u know what's most embarrasing? it's not even a drawdown if happens, but it screeeeews my mind @ least for Monday, so to b safe is not a bad attitude @all.!
  • #140,898
  • Nov 21, 2008 3:26pm Nov 21, 2008 3:26pm
Quoting malcolmb14
25th / 26th nov will be top on daily I think
u got ur 143... ;-)
  • #140,899
  • Nov 21, 2008 3:32pm Nov 21, 2008 3:32pm
Quoting karmostaji
It's safe here, you'll have a good time if you like hot weather lol
I will.. where i come from, we are used to an average of 35 degrees.
  • #140,900
  • Nov 21, 2008 3:41pm Nov 21, 2008 3:41pm
Quoting pipsbull
shoulda woulda coulda
I was leaving open position before for the weekend, but u know what's most embarrasing? it's not even a drawdown if happens, but it screeeeews my mind @ least for Monday, so to b safe is not a bad attitude @all.!
I agree, you mind is not in peace all week-end long .. have the same experience.. lol. I guess I did the right thing .. lol.
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