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

  • #224,961
  • May 18, 2010 2:06am May 18, 2010 2:06am
Looking to add an additional long around 133.60-70 if PA gets that far down.....
Traderdesk -
  • #224,962
  • May 18, 2010 2:07am May 18, 2010 2:07am
Quoting Clouds
looks like im long now
I mean short... I can't resist staying short risk, and seeing nzd/usd go back up and test .70 I'll leave small position short g/j.
Night
  • #224,963
  • May 18, 2010 2:09am May 18, 2010 2:09am
Quoting $teve
Long better lock in profits. We all know what London bears can do. 132 could easily be achieved in this hour.
If PA does not break 133 strongly then the bull run shall continue... If it does break well I would go with the flow

As for now a nice little retracement to 133.50-70 would be nice for the next leg up...but as we know PA moves in its own pace
Traderdesk -
  • #224,964
  • May 18, 2010 2:10am May 18, 2010 2:10am
Quoting Eulogy
i'm observing something really odd on FXstreet streaming feed from Interactive Data. The price keeps spiking down then immediately bouncing back from 133.52. If this data is accurate this behaviour can only be explained by those high speed algo's continuously arb'ing against each other.
Naah.. those are FF scalpers.. scalping like crazy.. - manually, but in HFT mode..
["providing Liquidity"]
  • #224,965
  • May 18, 2010 2:12am May 18, 2010 2:12am
Quoting $teve
Long better lock in profits. We all know what London bears can do. 132 could easily be achieved in this hour.
Yup. Done. Already taken 35 pips off the top and set BE+2. Taken out and re-enlisted @ 134.09. I'm set @ BE+5. Let it ride!

Gnight!
  • #224,966
  • May 18, 2010 2:12am May 18, 2010 2:12am
U will be surprised that all these candles will end up as spikes, we are on our way down. I will only close my short if i see a 1 hour close above 114.52 And I will wait for the news from the euro zone (UK CPI) that is coming in 20 minutes time.

Quoting Clouds
I mean short... I can't resist staying short risk, and seeing nzd/usd go back up and test .70 I'll leave small position short g/j.
Night
  • #224,967
  • May 18, 2010 2:15am May 18, 2010 2:15am
Quoting Piters
Naah.. those are FF scalpers.. scalping like crazy.. - manually, but in HFT mode..
["providing Liquidity"]
FF HFT scalpers? Damn, that's some market moving power. booking 90 pips per 0.003 second scalp
  • #224,968
  • May 18, 2010 2:19am May 18, 2010 2:19am
We are touching 135.18 and we come down. go long with carefulness.
Quoting Traderdesk
Looking to add an additional long around 133.60-70 if PA gets that far down.....
  • #224,969
  • May 18, 2010 2:56am May 18, 2010 2:56am
Anybody thinking is starting to go down now?
Shit Happens
  • #224,970
  • May 18, 2010 2:58am May 18, 2010 2:58am
Quoting pipidiot
Dip to ~132.8 ish, then up ?

http://i43.tinypic.com/15mfcp4.jpg
Exactly my thoughts
Every time you use 'hopium' in a post, God kills a kitten.
  • #224,971
  • May 18, 2010 3:03am May 18, 2010 3:03am
Quoting uncletrumpet
We are touching 135.18 and we come down. go long with carefulness.
I am always careful but I play with probabilities and R/R so at those levels I would look to open another trade...

Usually the G/Y pair historically has the smallest amount of pip movement on Wed. so it would be nice to see a retracement up until the end of Wed. N.Y. session which probability-wise be around the 136 area after this latest 139-131 bear drop... Then Thursday again historically pip movement, especially for this last month with the increase in volatility, has been averaging 500 pips... I would not be surprise to see the 130 level touched on Thursday if the bears have the momentum...

So for me it is a waiting game at the moment with small positions and tight S/L to play the intraday market until swing momentum picks up once again in the favored direction which seems down...

Just some thoughts
Traderdesk -
  • #224,972
  • Edited 12:48pm May 18, 2010 3:27am | Edited 12:48pm
We shall see 131.90 today its just a matter of time

Quoting Traderdesk
I am always careful but I play with probabilities and R/R so at those levels I would look to open another trade...

Usually the G/Y pair historically has the smallest amount of pip movement on Wed. so it would be nice to see a retracement up until the end of Wed. N.Y. session which probability-wise be around the 136 area after this latest 139-131 bear drop... Then Thursday again historically pip movement, especially for this last month with the increase in volatility, has been averaging 500 pips... I would not be surprise to see the 130...
  • #224,973
  • May 18, 2010 3:29am May 18, 2010 3:29am
it could be nice area 4 loading SHORT !



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  • #224,974
  • May 18, 2010 3:38am May 18, 2010 3:38am
Please assume your crash positions. We're going down.

http://www.upgradetravelbetter.com/w...-ballerina.jpg
Every time you use 'hopium' in a post, God kills a kitten.
  • #224,975
  • May 18, 2010 3:50am May 18, 2010 3:50am
Quoting profxtrader
Please assume your crash positions. We're going down.

http://www.upgradetravelbetter.com/w...-ballerina.jpg
If 134.80 is C of the ABC correction, then retracement is complete. I guess we can finally look for new low now. We've been waiting for 129.60 the whole week.
  • #224,976
  • May 18, 2010 3:52am May 18, 2010 3:52am
I have been holding my shorts since yesterday. Profxtrader let me hear you speak.

Quoting profxtrader
Please assume your crash positions. We're going down.

http://www.upgradetravelbetter.com/w...-ballerina.jpg
  • #224,977
  • May 18, 2010 4:06am May 18, 2010 4:06am
RSI with standart parameters says a lot on 30m 1h and 4h charts, just bind recent dibs, its about to break down on 30m and 1h forming a rising wedge, and 4h is about to hit top, so i say this should go down not very soon but later today, still holding to shorts but not adding more, not taking the risk.

edit: only thing that makes me think is daily, looks a bit bullish to me, candle formations and RSI setup atm.
  • #224,978
  • May 18, 2010 4:16am May 18, 2010 4:16am
Quoting uncletrumpet
I have been holding my shorts since yesterday. Profxtrader let me hear you speak.
I've been holding them since Thursday. I sold some more this rally (as well as USDJPY). I'm still looking for 129.60... same as $steve.
Every time you use 'hopium' in a post, God kills a kitten.
  • #224,979
  • May 18, 2010 4:21am May 18, 2010 4:21am
Hey page 15,000... wow I just had to bring that up.. Hope to see everyone on page 30,000 in a few years time...
Traderdesk -
  • #224,980
  • May 18, 2010 4:29am May 18, 2010 4:29am
Quoting glopfel
RSI with standart parameters says a lot on 30m 1h and 4h charts, just bind recent dibs, its about to break down on 30m and 1h forming a rising wedge, and 4h is about to hit top, so i say this should go down not very soon but later today, still holding to shorts but not adding more, not taking the risk.

edit: only thing that makes me think is daily, looks a bit bullish to me, candle formations and RSI setup atm.
Well as PA started down from around 134.19 for this hour I would expect it to go down 133.30-50 within this hour.... Averaging around 70-90 pips difference on the hour candle... As you can see I use the average pip movement to help place my supports and resistances... Big believer in that from when I first started trading currencies...
Traderdesk -
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