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

  • #98,721
  • Jul 2, 2008 11:51am Jul 2, 2008 11:51am
Quoting malcolmb14
sounds like you have an awesome plan. I am currently opposite to you and will short any time we come close to the 50 sma on the 4hour charts ( about 212).

Carry trades should start unwinding soon as there has been a little unwinding on some of the not so good banking news out of the UK etc etc.

Also if you can plot a 1930 dj chart over the 2008 dj .... they look exactly alike other than 2008 dj chart has about 4000 points to go down. , taking it down to 7800 ish

This has been the biggest decline in June since the Great Depression.
Thanks malcolmb.
nice trade, it was.
  • #98,722
  • Jul 2, 2008 11:54am Jul 2, 2008 11:54am
Im just going hold my long, and close my eyes.
  • #98,723
  • Jul 2, 2008 11:55am Jul 2, 2008 11:55am
Quoting Big Bruv
well i did warn you guyz about this up down up down movement ..baby...i see 212.30 as the top then a fall from there......


euro is a raging bull when it was 0.79 against usd.
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #98,724
  • Jul 2, 2008 11:56am Jul 2, 2008 11:56am
Quoting PandoraBox
Big Movement down ward will occur next week.
maybe next week
but i think will start big movement Fri
we must wait for bad news usd Fri
  • #98,725
  • Jul 2, 2008 11:57am Jul 2, 2008 11:57am
Quoting pkimnyc
Thanks malcolmb.
nice trade, it was.
your welcome..... watch that 4 hour 50 sma.... it formed strong support on way up and is now forming strong resistance. you can just about forget about everything else

If we get a close of the 4 hour candle above the 4 hour 50 sma then I may reconsider my bearish stance.

with adp surprising to the downside today I am expecting a worse than expetced NFP tomorrow. This should caouse the dj to go under the low of this week , and with that we may see some form of unwinding in the carry trades , including gbpjpy and gbpchf.My ultimate target for gbpchf is 2.0000. I have been short since 2.0575.
Blogging daily now at www.volume.zone
  • #98,726
  • Jul 2, 2008 11:57am Jul 2, 2008 11:57am
Quoting hussin naiji
maybe next week
but i think will start big movement Fri
we must wait for bad news usd Fri
i see free fall for GBP-AUD-NZD
  • #98,727
  • Jul 2, 2008 11:58am Jul 2, 2008 11:58am
Quoting malcolmb14
your welcome..... watch that 4 hour 50 sma.... it formed strong support on way up and is now forming strong resistance. you can just about forget about everything else

If we get a close of the 4 hour candle above the 4 hour 50 sma then I may reconsider my bearish stance.

with adp surprising to the downside today I am expecting a worse than expetced NFP tomorrow. This should caouse the dj to go under the low of this week , and with that we may see some form of unwinding in the carry trades , including gbpjpy and gbpchf.My ultimate target for gbpchf is 2.0000. I have been short since 2.0575.
Thanks for the heads up.
  • #98,728
  • Jul 2, 2008 11:59am Jul 2, 2008 11:59am
Quoting Clouds
Im just going hold my long, and close my eyes.
soon, i will just throw darts at the price.
  • #98,729
  • Jul 2, 2008 11:59am Jul 2, 2008 11:59am
Quoting hussin naiji
maybe next week
but i think will start big movement Fri
we must wait for bad news usd Fri
Friday is July 4th weekend in the USA .

The NFP is coming out tomorrow ( Thursday Monring) in stead of Friday

Friday will be a half day in the markets , but forex closes regular time.

Monday is business as usual
Blogging daily now at www.volume.zone
  • #98,730
  • Jul 2, 2008 12:01pm Jul 2, 2008 12:01pm
which ones?

Quoting lilmoe
the arc pattern i see on the daily does suggest a fall. but aren't we ignoring some daily pinbars here?
Nihil Sine Deo.
  • #98,731
  • Jul 2, 2008 12:01pm Jul 2, 2008 12:01pm
Quoting malcolmb14
Friday is July 4th weekend in the USA .

The NFP is coming out tomorrow ( Thursday Monring) in stead of Friday

Friday will be a half day in the markets , but forex closes regular time.

Monday is business as usual
ya my friend
  • #98,732
  • Jul 2, 2008 12:05pm Jul 2, 2008 12:05pm
Quoting Scrat
which ones?
nevermind....don't worry about it. lets watch and see what happens next.
  • #98,733
  • Jul 2, 2008 12:10pm Jul 2, 2008 12:10pm
The nervous xx/usd buying has subsided.
  • #98,734
  • Jul 2, 2008 12:30pm Jul 2, 2008 12:30pm
Karmostaji, I entered a short at 210.53 and a stop loss at 212.53
There was a serious draw down up to 150 pips against me. I did not close it cause you said its coming back down.
Thanks

Quoting karmostaji
It's all about patience, the chart doesn't lie.
  • #98,735
  • Jul 2, 2008 12:35pm Jul 2, 2008 12:35pm
Quoting uncletrumpet
Karmostaji, I entered a short at 210.53 and a stop loss at 212.53
There was a serious draw down up to 150 pips against me. I did not close it cause you said its coming back down.
Thanks
Warning: Do not trade on what anybody says. Trade what YOU see. You sold at or near support, not good. I bet he didn't recommend that.
  • #98,736
  • Jul 2, 2008 12:39pm Jul 2, 2008 12:39pm
Quoting Clouds
Warning: Do not trade on what anybody says. Trade what YOU see. You sold at or near support, not good. I bet he didn't recommend that.
agreed: do NOT shoot the messenger.

http://tbn0.google.com/images?q=tbn:...MESSENGER1.jpg
  • #98,737
  • Jul 2, 2008 12:44pm Jul 2, 2008 12:44pm
Quoting uncletrumpet
Karmostaji, I entered a short at 210.53 and a stop loss at 212.53
There was a serious draw down up to 150 pips against me. I did not close it cause you said its coming back down.
Thanks
my friend, FX is very dangerous game. Please take a time, learn to read your charts, and build up your confidence. Do not listen anyone, because you can lose your money. The reason why I am saying this is very simple: Here on this thread, daily you can see more than 500 traders. All those traders are running diferent systems, some on long term, some on short term. As you noticed so far, most of the time there is conflict between the traders who are short, and the opposte ones, with long positions. It is depends od style, Time frame, money management, etc. I have few accounts, and it is very possible to have a Short position on my swing trades (on Timeframe 1h/4h), but also a long position on other account (scalping one 1min/5min)...

So to short my writing, If I may give you an advice: Learn, Learn and practice. It is a much better to Not making a money for next 6 month, then loose that money, ruin your confidence, and get disappointed.

It took me more than a Year to start making a money.. even so, I am still in position that sometimes I am returning my profits back to the market. this is a business, you need a practice, time, experiance.. don''t listen anybody.. Just concentrate on Learning an practicing..
  • #98,738
  • Jul 2, 2008 12:46pm Jul 2, 2008 12:46pm
that's not his fault. it was only yours, because you are the only person responsible with your account management. i am sorry for your loss and i hope you learned the lesson: MONEY MANAGEMENT comes first. you can't be profitable without this.
and by the way, this thread is not calling for signals, but a place to share ideas and strategies. it would be too easy to come here and get valid signals for free, wouldn't it?

Quoting uncletrumpet
Karmostaji, I entered a short at 210.53 and a stop loss at 212.53
There was a serious draw down up to 150 pips against me. I did not close it cause you said its coming back down.
Thanks
Nihil Sine Deo.
  • #98,739
  • Jul 2, 2008 12:47pm Jul 2, 2008 12:47pm
Is your 50 sma of the close or the open. Please leave a reply. THANKS

Quoting malcolmb14
Karmo

I am with you on the short side of the trade. I have sells open 211.77 , 210.5. I will remina bearishg as long as price stays under the 50 sma on the 4 hour

I guess the longs do not understand what a flag is ...lol , as right now we are in one on the 2 hour chart, and it is a bear flag

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  • #98,740
  • Jul 2, 2008 12:47pm Jul 2, 2008 12:47pm
Quoting lilmoe
this is probably not going anywhere today... (spits)

statement still holds...
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