this beast should be flying
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #150,344
- Dec 18, 2008 11:05am Dec 18, 2008 11:05am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
I am still puzzling .. what causing EU moved down so fiercely last hours ..
"Millionaires don't use astrology, billionaires do"
- #150,347
- Dec 18, 2008 11:16am Dec 18, 2008 11:16am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #150,351
- Dec 18, 2008 11:46am Dec 18, 2008 11:46am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Dude u make no sense the market moves 1400 ticks with no retrace, today the market moves up 300 and sells off 500 ticks and u now think it should retrace. Dont u think that 1400 ticks should retrace, not sure what is so puzzling
Not trying to be rude just understand is all
- #150,353
- Dec 18, 2008 11:47am Dec 18, 2008 11:47am
- Joined Aug 2008 | Status: Trader | 2,429 Posts
If today's candle closed below 135, I think there's a really good chance we'll see new lows. Let's see if 135 level now a resistance will hold.
I think it's a major fundamental event. For the next few hours, I'm staying away from technicals
- #150,354
- Dec 18, 2008 11:50am Dec 18, 2008 11:50am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
So how are my favorite capitalists doing today, made some money guys ?
- #150,355
- Dec 18, 2008 11:57am Dec 18, 2008 11:57am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
Well, it had been strange when it shot up 1000, 1200 pips w/o retrace but why now .. why 1400, what significant is it with this number?
Order Flow, Order Flow, Order Flow, undertanding the change in it, whats makes it happen, that psychology shift where Bid turns Offer is the secret to catching tops and bottoms.
Price doesnt matter never does, what matters is what point will somone buy or sell, could be news time astrology time to walk the dog who knows, but understanding this aspect of process will make you many many pips
A few ?'s u should ask always
1 who is in
2 who wants to get out and HOW
3 who wants to be in
4 who has to get out
"Millionaires don't use astrology, billionaires do"
- #150,356
- Dec 18, 2008 11:58am Dec 18, 2008 11:58am
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
no comment
I recommend you read something else as this sentence is now concluded.
- #150,357
- Dec 18, 2008 12:02pm Dec 18, 2008 12:02pm
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
Well, it had been strange when it shot up 1000, 1200 pips w/o retrace but why now .. why 1400, what significant is it with this number?
In addition you should note that from the big plunge down (1.6 - 1.23) we've retraced to the 61.8% mark which is usually a very strong resistance area not to mention this is the resistance point set back in September.
- #150,358
- Dec 18, 2008 12:07pm Dec 18, 2008 12:07pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
I know, agreed, but the real question is, how low can this go? still trying to update my charts...
I personaly think, this one will go
below party,
2 digits,
"uncharted area"
130 / 129 is an area to watch for a bounce on daily timeframe.
Take a shy look at the weekly GU candle + TNX has failed a reverse today.
There are a lot of green pips to make
- #150,359
- Dec 18, 2008 12:12pm Dec 18, 2008 12:12pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
again, reversal candle.. follow the yellow line
- #150,360
- Dec 18, 2008 12:28pm Dec 18, 2008 12:28pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Don't you think that the rate decision (+statement) in Japan will shake this one upwards?
I think it's a major fundamental event. For the next few hours, I'm staying away from technicals
.The yen economy has some problems, so they might cut the rate to zero,
to push some money into the market (lending money between bank might be easier with this). They want a less bullish yen, because a strong yen (like now) is a big problem for the export of goods. So the BOJ will (like the fed) try to flood the market with money, to solve the problem.
But more money is not the solution, because more money make goods cheaper, and is one cause for inflation.
But in a world of desaster the usd, the yen and chf are a save heaven for investors.