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

  • #223,581
  • May 6, 2010 1:11pm May 6, 2010 1:11pm
Quoting Geppy
hey ukday... any news regarding the elections?
There's generally a truce between news agents regarding the election. No policies or polls are usually spoken on the news.

All the real news happens at 10pm GMT - exit polls straight after the booths closure at 10.01 pm GMT will give a full and accurate exit poll count.

First complete count at probably 11pm GMT but that'll probably be a Labour seat anyhow.

Biggest news story is the UKip leader in a small plane crash.
  • #223,582
  • May 6, 2010 1:12pm May 6, 2010 1:12pm
I turned my back and BANG! It's gone down!
  • #223,583
  • May 6, 2010 1:16pm May 6, 2010 1:16pm
If this triggered the Tokyo orders, (which it probably has) we could see a breathtaking fall on Asia open like last September.

Check the Daily. That's the Candle of doom.

First target on this drop 133.4
Second 131.3
  • #223,584
  • May 6, 2010 1:16pm May 6, 2010 1:16pm
Is this the real bottom? Scary falling knife indeed. LOL
My edge ===> Patience
  • #223,585
  • May 6, 2010 1:17pm May 6, 2010 1:17pm
I go out for a sandwich and come back to literally carnage. I hate myself for closing my shorts. insane!
check out my blog: forexmademillionaire dot com
  • #223,586
  • May 6, 2010 1:18pm May 6, 2010 1:18pm
Hi everyone..

Do u guys think with this long daily PA is it possible to break new low? it looks possible to me..
Read the entire market, money is made on the main trend not the fluctuation
  • #223,587
  • May 6, 2010 1:19pm May 6, 2010 1:19pm
We're in freefall. These are historic times - hopefully everyone can enjoy them.

And hopefully, in the words of UKDayTrader, none here were among he thousands of forex accounts liquidated across the planet.

And on the election, even the best and most optimistic results are going to pretty much do squat for sterling..
  • #223,588
  • May 6, 2010 1:23pm May 6, 2010 1:23pm
Quoting Fudomyo
If this triggered the Tokyo orders, (which it probably has) we could see a breathtaking fall on Asia open like last September.

Check the Daily. That's the Candle of doom.

First target on this drop 133.4
Second 131.3
118 for tomorrow lolz
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #223,589
  • May 6, 2010 1:23pm May 6, 2010 1:23pm
pound is falling, and next support is theoretically 2008 (year) close - 1.4578. as for g-j... i don't know, 132...
Nihil Sine Deo.
  • #223,590
  • May 6, 2010 1:24pm May 6, 2010 1:24pm
I just feels like time travelled back to year 2008. Where daily average 500 to 1000pips..
Read the entire market, money is made on the main trend not the fluctuation
  • #223,591
  • May 6, 2010 1:24pm May 6, 2010 1:24pm
can't help asking myself, what pissed it off that bad?!?
Nihil Sine Deo.
  • #223,592
  • May 6, 2010 1:25pm May 6, 2010 1:25pm
Quoting JhonMonsalve
118 for tomorrow lolz
possible :/ lol
Read the entire market, money is made on the main trend not the fluctuation
  • #223,593
  • May 6, 2010 1:25pm May 6, 2010 1:25pm
A little upset I didn't keep my shorts open...instead closed 600 pips ago...
  • #223,594
  • May 6, 2010 1:26pm May 6, 2010 1:26pm
Wow weee just hit 133!! This reminds me of oct 2008 and the carnage of the stock markets. Anyone still short here??? Personally I am just enjoying the show and thankfully out of all of my trades for the week now. :nerd:
Nil desperandum
  • #223,595
  • May 6, 2010 1:27pm May 6, 2010 1:27pm
yes same here, tp was around 139.3-5
  • #223,596
  • May 6, 2010 1:28pm May 6, 2010 1:28pm
Quoting Geppy
I go out for a sandwich and come back to literally carnage. I hate myself for closing my shorts. insane!

mate, you made an incredible call earlier today, but blarmy you should've stuck to your guns!
Thank You
  • #223,597
  • May 6, 2010 1:28pm May 6, 2010 1:28pm
Now is the time for cool heads.

We may take a breather here for a wee while before we tackle 132......or maybe not.
  • #223,598
  • May 6, 2010 1:30pm May 6, 2010 1:30pm
well if pound is going to test upper 1.45, and yen is to test upper 88, this leaves geppy in the upper 129.
Nihil Sine Deo.
  • #223,599
  • May 6, 2010 1:31pm May 6, 2010 1:31pm
Don't read this, don't listen to this, don't look at this.

Now that that's out of the way, I'm seeing a 80 pip wick on whatever that bottom number is on that low candle. I wonder if the cybermonkeys are done yet.

I was able to collect many more pips on the way down, but am also hedged a little beyond where I'd like to be. If this UK election thing doesn't work out, boy are even more people going to be in sh!tsville.
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  • #223,600
  • May 6, 2010 1:33pm May 6, 2010 1:33pm
Quoting fullhouse
im not funny,but if gbp/jpy close on weekly below 140 ,eur/jpy below 119.50 and cad/jpy below 90,,then that mean we will test the LOW on gbp/jpy and go to 130 ATLEAST into next month ,,and then back up all the way maybe again to 145 'ish ..but for the whole month we are down ..

i posted a chart a while ago, to look closely at those 2 charts ..ill post it again in a minute,,and look how excactly it is ,and we will see a spike down beginning of next month then we will go and test 145 again..

we are stil ranging on monthly chart between 130 and...

i mean 2day ..lol
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