kako bebe!
I'm not confident about a strong slump, may be it is time for a correction move to the upside
This is an old chart, that I've posted "last year" but there isn't much that changed.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #151,342
- Jan 2, 2009 1:30am Jan 2, 2009 1:30am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
I'm not confident about a strong slump, may be it is time for a correction move to the upside
This is an old chart, that I've posted "last year" but there isn't much that changed.
have a look my posts collected here:
http://doske.com/blog/index.php?op=D...yId=5&blogId=1
this is my view.. we are overdue with the retracement, but we are not on the bottom YET.. IMHO...
2 levels: 127.5-128.00 - probably by today, and 121-110 after some retracement..
- #151,343
- Jan 2, 2009 1:31am Jan 2, 2009 1:31am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
If you are selling the GBP against the JPY you are helping the crisis to penetrate into Japan's economy by raising the costs of the exports. Shame on yourselves, how can you sleep at night ?
The best traders make money whether an economy is going up or down. Its the beauty of fx trading.
Orca
New voice message: Why are you calling me? If I need you, I'll call you!
Its not the yen we target, its the gbp thats doing very bad. And for a real fx trader it doesn't make any difference if a country goes under; as long as we make money its ok.
The best traders make money whether an economy is going up or down. Its the beauty of fx trading.
Orca
YES, it is a time, but not before we make a Touch Down.. lol
have a look my posts collected here:
http://doske.com/blog/index.php?op=D...yId=5&blogId=1
this is my view.. we are overdue with the retracement, but we are not on the bottom YET.. IMHO...
2 levels: 127.5-128.00 - probably by today, and 121-110 after some retracement..
- #151,346
- Jan 2, 2009 8:55am Jan 2, 2009 8:55am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Did everyone experience the same thing this site was not accessible for hours?
Glad it's back now .. kinda lonely trading alone
Glad it's back now .. kinda lonely trading alone
- #151,348
- Jan 2, 2009 9:02am Jan 2, 2009 9:02am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
YEp, we are all here. Now let's get back to the Business
- #151,349
- Jan 2, 2009 9:06am Jan 2, 2009 9:06am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
i wonder 
...
i had that book since i started trading, but never bother to read it until a couple of months ago, when you and malc mentioned vsa in this thread.
...i had that book since i started trading, but never bother to read it until a couple of months ago, when you and malc mentioned vsa in this thread.
i really am wondering how everybody now got this book of williams since i did not introduce it publically and only to a few thankful people
Nihil Sine Deo.
- #151,350
- Jan 2, 2009 9:10am Jan 2, 2009 9:10am
- Joined Aug 2008 | Status: Trader | 2,429 Posts
Did everyone experience the same thing this site was not accessible for hours?
Glad it's back now .. kinda lonely trading alone
I hope that we won't experience problems next week, when there will be full activity in the market.
- #151,351
- Jan 2, 2009 9:10am Jan 2, 2009 9:10am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
completely agree!!!
scrat 145 on the chart was market test (price went under support to probe for new sellers) .. but volume was very light.
This could be the bottom on the pound . However we need to see reaction to the test when major players come back next week
also plot rsi ..major bullish div on a treble bottom.
IMHO in order for new professional selling to take place price has to go higher.
That BB sure looks flat and has top 155 ... that would equate to 1000 pip in GU spot.
Nihil Sine Deo.
- #151,352
- Jan 2, 2009 9:12am Jan 2, 2009 9:12am
- | Membership Revoked | Joined May 2008 | 3,395 Posts
i wonder
i had that book since i started trading, but never bother to read it until a couple of months ago, when you and malc mentioned vsa in this thread.
Through video presentaation froM TRADEGUIDER....
The Market pays you to be disciplined
- #151,353
- Jan 2, 2009 9:26am Jan 2, 2009 9:26am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Be ready for another SHORT..
shortly
shortly
- #151,354
- Jan 2, 2009 9:29am Jan 2, 2009 9:29am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
Be ready for another SHORT..
shortly
- #151,355
- Jan 2, 2009 9:31am Jan 2, 2009 9:31am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Be ready for another SHORT..
shortly
.. but probably I would wait a bit higher price ..
- #151,356
- Jan 2, 2009 3:10pm Jan 2, 2009 3:10pm
i wonder
i had that book since i started trading, but never bother to read it until a couple of months ago, when you and malc mentioned vsa in this thread.
I wasn't interested until I read alot of things about volume on this thread. I am about halfway done reading it, wow I thought people talking about market manipulation were paranoid or just kidding around, very interesting reading.
Have a good weekend everyone!
- #151,357
- Jan 2, 2009 5:59pm Jan 2, 2009 5:59pm
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
It could be because its now a free download from tradethetruth.com.....
I wasn't interested until I read alot of things about volume on this thread. I am about halfway done reading it, wow I thought people talking about market manipulation were paranoid or just kidding around, very interesting reading.
Have a good weekend everyone!
I recommend you read something else as this sentence is now concluded.
- #151,359
- Jan 2, 2009 7:58pm Jan 2, 2009 7:58pm
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
Money & Pain
Respect the market, protect your capital, be patient
