Is marketing waiting for bailout???
Bad news over bad news and $$$ getting stronger.
My head is hurting now.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #146,561
- Dec 5, 2008 10:47am Dec 5, 2008 10:47am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #146,562
- Dec 5, 2008 10:52am Dec 5, 2008 10:52am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
hey, where is karmo. hope he didn't miss the party like some who held up in traffic and just catch the crumbs.
Cya next week
Trade what you see, not what you think.
- #146,563
- Dec 5, 2008 10:55am Dec 5, 2008 10:55am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
You mean THIS ??
The trade will require much patience. . . scoop, scoop, scoop. . .
I'm trading EU right now but looking to get back in on GJ when it is back above 135 with gaining mokemtum. . .
- #146,564
- Dec 5, 2008 10:57am Dec 5, 2008 10:57am
- Joined Oct 2008 | Status: Sentiment and Global Macro | 2,321 Posts
- #146,565
- Dec 5, 2008 10:57am Dec 5, 2008 10:57am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
yep, pretty silent currently but futures slowly dripple down. i think if we take out 817,814 on s&p this thing can go forwards also taking gj with it.
there might be some buyers to be absorbed in those areas which needs time.
i'm still not enough pleasured with this tiny fall..there has to come more
i smell fishy ny afternoon to show up with some surprise..if not...wasted time...
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #146,566
- Dec 5, 2008 10:57am Dec 5, 2008 10:57am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
Nope, 137.50 area or higher. . .
The trade will require much patience. . . scoop, scoop, scoop. . .
I'm trading EU right now but looking to get back in on GJ when it is back above 135 with gaining mokemtum. . .
sry q, but this market silence makes me crazy and even laugh about such typos - #146,567
- Dec 5, 2008 11:01am Dec 5, 2008 11:01am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Nope, 137.50 area or higher. . .
The trade will require much patience. . . scoop, scoop, scoop. . .
I'm trading EU right now but looking to get back in on GJ when it is back above 135 with gaining mokemtum. . .
I'll do the same,but so far I am looking @ 132 areas.
- #146,568
- Dec 5, 2008 11:01am Dec 5, 2008 11:01am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
also not much buying interest at the lows, just hovering around.
i hope we'll see a surprise. a final pump & dump scenario is also possible
we'll see. the auto bailout talk is currently live to see on cnbc.com, perhaps also a brake.
regularly i would totally agree with you and your short squeeze view, sucking bears in, but the point which makes me so sure about an upcoming drop is my observation of fututres this week. if not today, then on monday..fact is it has to come to unload tons of shorts from this week.
the mere fact that price has bounced off the daily S1 warrants at least a crack back at the daily pivot (135.91) if nothing else, but I see a potential for a bit higher based on my charts. . . Good selling opportunity as well at the top. . .
This trade will take time to materialize but it will happen - But as you have stated only time will tell!
- #146,569
- Dec 5, 2008 11:02am Dec 5, 2008 11:02am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Trying to type and watch my pips at the same time can be tough. . .
Scoop, scoop, scoop. . .
- #146,570
- Dec 5, 2008 11:11am Dec 5, 2008 11:11am
- Joined Oct 2008 | Status: Sentiment and Global Macro | 2,321 Posts
Slow trading hours like these makes me want to consider snagging on some stockings and a wig and make 100 million dollars.
http://news.yahoo.com/s/ap/20081205/..._jewel_robbery
http://news.yahoo.com/s/ap/20081205/..._jewel_robbery
- #146,571
- Dec 5, 2008 11:11am Dec 5, 2008 11:11am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #146,574
- Dec 5, 2008 11:15am Dec 5, 2008 11:15am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Very suspicious that the downside has been maintained with the worst job numbers seen in a long time, Hmmmmmmmm!
Looks like it's time to scoop some dips. . .
Scoop, scoop, scoop, scoop. . .
The rally will come when everyone is selling - then POW - SHORT SQUEEZE.
Patience will be key!
Discipline + Patience - Fear - Greed = Success
- #146,575
- Dec 5, 2008 11:16am Dec 5, 2008 11:16am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
one short from 134.60
- Just kidding my friend. . .
- #146,576
- Dec 5, 2008 11:19am Dec 5, 2008 11:19am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Just kidding my friend. . .
- #146,577
- Dec 5, 2008 11:23am Dec 5, 2008 11:23am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Just kidding my friend. . .
- #146,579
- Dec 5, 2008 11:26am Dec 5, 2008 11:26am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
The numbers were not a surprise - it's known that the economy is in the crapper. . . The most important things is what being down to contain it, that's why we didn't see a drastic sell off. . .
Trading is 40% MM, 40% Emotional and 10% Charts. . .
Right now the sentiments from the market appears to be settling as the data is being absorbed. I say this because if emotions where high we would see more volatility. . .JMHO of course. . .
i myself know since about one week that the usa is in a recession, when it officially was acknowledged