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- rgitt05 replied Sep 18, 2008
Sounds like an idea that may play out.. — No one knows but it "FUN" damentals that make trading so unpredictable.. Good Luck..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
I believe mktjong is right — Why did the central banks have to inject money into this mess? This mess is bigger than US...This mess is globally..There are many countries exposed to the failure that US is trying to save...
Also, why ...Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
HI Malcolmb14 — I said my daily chart is still trending downward not 4hr chart.. url It will probably retrace back to 197.00 area where the gap is before another drop and upper channel of the daily chart. The QQE is still below the 50 on the ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
It is not over yet... — Pump and Dump is just to get money flowing back for another big fall The higher TF are still bearish.. Enjoy the retracement...Lockin the pips on the way up.. Remember what goes up must come down especially in this ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
Compounding is the key to a big account.. — It works for me.. One pip at a time...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
Don't forget the daily chart... — It is still trending downward..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
I have all the TF up on three screens to catch development —
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
I'm still long term looking at 175.00 to 180.00 on my — Monthly chart...However, I'm scalping the 30 pips at a time..Waiting for my 192.00 for confirmation breakout to hit the upper channel on the daily chart in the area possible 197.00 where ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
Corporate bankruptcy explosion dead ahead! — This wasn’t supposed to happen! Money market funds were supposed to be one of the safest places you could ever put your money. By law, most money market funds can only invest in prime, short-term ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
News reporting that US Tsy Sec Paulson — is working on a type of RTC entity to take all the bad debt off bank and brokerage balance sheets...It would represent a massive increase in US taxpayer exposure, but could also signify the beginning of ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
The U.S economy is experiencing its worst financial crisis since the Great Depression — Fannie Mae and Freddie Mac have failed — the largest financial failures ever seen in this country. And the U.S. Treasury has guaranteed their $5.2 trillion ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
My bias about this news is positive for short term.. — I don't think anything else will bring this market down for now.. Eventhough the news about unemployment is up..That is a weekly claims..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
I guess with this kind of global intervention we are in dip SH_T — That money is not lost..Someone is gaining from this pump... They are recycling the money among each other...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
It's incredible how the government can gather money for such a crisis.. — Image if the government care about the people..It's all about their interest.. Even half of the money raised can help fix the homeowners that are in foreclosure.. ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
Banks team up to calm credit markets — Banks team up to calm credit markets Central banks around the world are pumping billions of dollars into money markets in a coordinated bid to calm global financial upheaval. The package of up to $247 ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
My position is long above the 192.00 Resistance — It looks like the 4 HR trend will change.. url Wait and see..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
My swing strategy long term — I am waiting for a bounce of the monthly trendline to go long.. It's hard to hold a short position with negative swap interest.. Once it hit the trendline, I will be holding for the swap interest and scalp to ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
Mergering means more job layoff.. — The job growth is hurting this economy.. How will people pay there mortgage if there is no work? FEAR.... People are getting their money out of the stock market..the money flow in the stock is decreasing... ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 18, 2008
My point of view of the GJ — I am hearing many banks all over the world is injecting funds into this market..This is a GLOBAL CRISIS.... There is FEAR all over the world.
This market is ranging until another government intervention ...Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Sep 17, 2008
I remember a well known trader from a class I took told me to practice letting go of loses and ride the profits.. it took me about 2 years before I fully understood the rule... You have to think difference in this game.. He said to be happy to let ...
Auslanco - GBP/JPY and GBP/USD (newstrade)