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

  • #153,961
  • Jan 19, 2009 5:09pm Jan 19, 2009 5:09pm
Quoting rgitt05
I am working on my third million...


I say we should become friends,


I have a feeling you're a good man, a good man with the third million


hhhhhh..... lol

  • #153,962
  • Jan 19, 2009 5:25pm Jan 19, 2009 5:25pm
so Malcomb, long for the asain session??

I been noticing that the NZ open tends to lead the direction for asian the last few days.. co-incidence?
  • #153,963
  • Jan 19, 2009 5:41pm Jan 19, 2009 5:41pm
Quoting Cdawg
so Malcomb, long for the asain session??

I been noticing that the NZ open tends to lead the direction for asian the last few days.. co-incidence?

no clue... ask Karmo ..... lol

i am trading my system on a 5 min ... long ...short ...what ever the system says ...

right now long gu 1.4380 with stop set at +2 , but not loving PA
Blogging daily now at www.volume.zone
  • #153,964
  • Jan 19, 2009 5:48pm Jan 19, 2009 5:48pm
Quoting malcolmb14
no clue... ask Karmo ..... lol

i am trading my system on a 5 min ... long ...short ...what ever the system says ...

right now long gu 1.4380 with stop set at +2 , but not loving PA
im long usd and pounds right now p/a should pick up soon but nothing major till london i think
  • #153,965
  • Jan 19, 2009 6:15pm Jan 19, 2009 6:15pm
HO HO HO... NEW LOW...

GM to everyone
  • #153,966
  • Jan 19, 2009 6:16pm Jan 19, 2009 6:16pm
80 pips up, 80 pips down with annoying fib responses. Now what, consolidation? I'm begining to hate Aisa session. I didn't trade.
  • #153,967
  • Jan 19, 2009 6:30pm Jan 19, 2009 6:30pm
spoke too soon..caught 29 pips on that drop. Good enough.
  • #153,968
  • Jan 19, 2009 6:34pm Jan 19, 2009 6:34pm
If you look at the three daily candles forming the bottom at 129.00 level, you would think it might be the bottom or support...The record low is at 128.81..The trend is down but the RSX and MACD is trending upward..I think we are due for a retracement..

The market is consolidating and I believe with Obama inauguration tomorrow, we may have a rally just for the change of presidency...Eventhough the past economics news are bad, I believe with the bailout package Obama have in place will be the catalyst for a fast retracement...

So far the Daily chart is in a wedge and a breakout is due...It could be up or down...I favor up at this moment..


I will be watching the 129 levels to see how the PA reacts near this area before taking a trade...

Good Luck..
Attached Image (click to enlarge)
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  • #153,969
  • Jan 19, 2009 6:40pm Jan 19, 2009 6:40pm
nice chart rgitt thanks, i was going over everything as well cause that last move caught me by suprise i didint think asia had it in them to continue the push lower
  • #153,970
  • Jan 19, 2009 6:42pm Jan 19, 2009 6:42pm
Quoting rgitt05
If you look at the three daily candles forming the bottom at 129.00 level, you would think it might be the bottom or support...The record low is at 128.81..The trend is down but the RSX and MACD is trending upward..I think we are due for a retracement..

The market is consolidating and I believe with Obama inauguration tomorrow, we may have a rally just for the change of presidency...Eventhough the past economics news are bad, I believe with the bailout package Obama have in place will be the catalyst for a fast retracement...

So far the Daily...
128.50 IMHO, I posted yesterday

http://www.forexfactory.com/showpost...5&postcount=73
Attached Image (click to enlarge)
Click to Enlarge Name: vsa-75.png Size: 32 KB
  • #153,971
  • Jan 19, 2009 6:45pm Jan 19, 2009 6:45pm
Quoting NwFXenthsist
nice chart ...
Now that song is in my head..good trading music.
  • #153,972
  • Jan 19, 2009 6:45pm Jan 19, 2009 6:45pm
All this movement is b.c of low volatility imo. Only retail traders are participating in the market right now.
  • #153,973
  • Jan 19, 2009 6:47pm Jan 19, 2009 6:47pm
you'd think with that RBS news the FTSE would've gotten hammered. Instead its the Asia markets taking the hit.
  • #153,974
  • Jan 19, 2009 6:48pm Jan 19, 2009 6:48pm
Quoting vinesh2
All this movement is b.c of low volatility imo. Only retail traders are participating in the market right now.
I can assure you that it is the big names moving this market at the moment.
{Some Profound Statement goes here}
  • #153,975
  • Jan 19, 2009 6:48pm Jan 19, 2009 6:48pm
you would think so...
well what can i say, it makes sense, but i don't buy it. yet.

Quoting rgitt05
If you look at the three daily candles forming the bottom at 129.00 level, you would think it might be the bottom or support...The record low is at 128.81..The trend is down but the RSX and MACD is trending upward..I think we are due for a retracement..

The market is consolidating and I believe with Obama inauguration tomorrow, we may have a rally just for the change of presidency...Eventhough the past economics news are bad, I believe with the bailout package Obama have in place will be the catalyst for a fast retracement...

So far the Daily...
Nihil Sine Deo.
  • #153,976
  • Jan 19, 2009 6:48pm Jan 19, 2009 6:48pm
Quoting Eulogy
you'd think with that RBS news the FTSE would've gotten hammered. Instead its the Asia markets taking the hit.

ftse was hit last night
Blogging daily now at www.volume.zone
  • #153,977
  • Jan 19, 2009 6:52pm Jan 19, 2009 6:52pm
Quoting Petefaders
Now that song is in my head..good trading music.


  • #153,978
  • Jan 19, 2009 6:52pm Jan 19, 2009 6:52pm
Quoting malcolmb14
ftse was hit last night
pffft.

FTSE dropped 38.59 points or 0.93% last night

Asia this morning is 3 to 4% down.
  • #153,979
  • Jan 19, 2009 6:54pm Jan 19, 2009 6:54pm
Attacking the low with a vengance, look at that 60 min candle about to close, and during Aisa. We maybe dun messing around with 129.
  • #153,980
  • Jan 19, 2009 7:00pm Jan 19, 2009 7:00pm
I am picking the bottom again...LOL I want to make a killing if this is the bottom..I am throwing the kitchen sink in this time



Piters maybe right we will probably hit another low before a rebound..





Quoting Scrat
you would think so...
well what can i say, it makes sense, but i don't buy it. yet.
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