Just need a push to get below the Monthly Pivot and we see new bear trend on GY.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #189,682
- Aug 19, 2009 3:48am Aug 19, 2009 3:48am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
maybe wee see 1.60 for gbp...
But for now we need a little retrace.. but i still think 154.43- 154.13-153.97-153.84.. should happen first...
Best to scalp ... 30- 50 pips.
Markets are not Random, they are designed!
- #189,684
- Aug 19, 2009 3:48am Aug 19, 2009 3:48am
- Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts
King wanted £75B extension. Should be super bearish for Sterling.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
- #189,685
- Aug 19, 2009 3:53am Aug 19, 2009 3:53am
- Joined Dec 2008 | Status: Trader | 2,753 Posts
that's like putting up a big sign that says "UK economy in the popper!! I have no control of my spending!!. Give me more money now!!"
If ES breaks down too, not much to be bullish about.
- #189,686
- Aug 19, 2009 3:56am Aug 19, 2009 3:56am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Exactly. Watch out below. Just need some bad data from the US now for the full set.(China market fall, UK debt and US....?)
If ES breaks down too, not much to be bullish about.
May be thats What they Want you to think.. (( Its just a Retrace)).
We should be making a Handle of this 15M Cup... some time soon... about an Hour from NOW..
Resistence is 157.00
Markets are not Random, they are designed!
Exactly. Watch out below. Just need some bad data from the US now for the full set.(China market fall, UK debt and US....?)
If ES breaks down too, not much to be bullish about.
gj break below monthly pivot.. good selling rally
if u want to trade GJ u should not be scared of 150pips...or u detect ur entry at bottom or top with just 30-50sl.....
thanx buddy... i am having a short just now.. @154.55 sl 155.00 (0.1)
hope to have good result with it..
- #189,692
- Aug 19, 2009 4:10am Aug 19, 2009 4:10am
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
i am in buy155. is it any chance for go up?
GET GET GET DOWN........- #189,694
- Aug 19, 2009 4:12am Aug 19, 2009 4:12am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
Trust me! Mini accounts get blown up in no time. I have had the experience many times over. Wait for a better spot and read the post from a few pages back about GREED. Honestly, you will be better for it. I certainly took notice I will Inshallah try to supress my greed at every turn of the chart/indicator.
Good luck!
and i had learned the lesson from ur post yesterday.. coz my trade showed me +130 pips yesterday while having a short, but at the end i suffered loss just coz of greed...
- #189,697
- Aug 19, 2009 4:16am Aug 19, 2009 4:16am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Get out now
NAA.. give it till 154.23..
Markets are not Random, they are designed!
- #189,700
- Aug 19, 2009 4:18am Aug 19, 2009 4:18am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
NAA.. give it till 154.23..
good luck