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

  • #60,741
  • Feb 1, 2008 12:42am Feb 1, 2008 12:42am
Quoting hcruces
i havent been praying to any1... and i am looking at the data... anyways... how do u you the news for GBP at 430am affecting it?
Hard to predict price based on news. . .
  • #60,742
  • Feb 1, 2008 1:07am Feb 1, 2008 1:07am
... or based on indicators. They just show you where the price is going now, but are not capable to predict future moves.

Check Breeze's thread, or Aus trials to forecast geppy daily movements based on momentum. Maybe a lesson to learn?

Quoting quecee5
Hard to predict price based on news. . .
  • #60,743
  • Feb 1, 2008 2:00am Feb 1, 2008 2:00am
Quoting mike w
Im in agreement with most here, we have daily resistance at 213.50 and from there, I would look for PA to short at that level. Im buying up until that level as well. Ill post charts later, I have a hockey game to get to. Good luck in your trades everybody.
Hi Mike, I see everybody use this abbreviation "PA". I don't know the meaning or what it refers to. Would you mind to tell me what this means?

Thanks
Discipline + Patience - Fear - Greed = Success
  • #60,744
  • Feb 1, 2008 2:04am Feb 1, 2008 2:04am
Price Action
  • #60,745
  • Feb 1, 2008 2:15am Feb 1, 2008 2:15am
ok well i know this sounds a little bit like an earlier post....but assuming we do have a market that is affected by news...and that market moves based on the news released....

'theoretically', what would good NFP do to GJ???......Gj would 'suppose' to move which way?

thanks

btw, i'm not a fundamental trader....just trying to know some more
The odds are on my side; let's hope they stay that way!!!
  • #60,746
  • Feb 1, 2008 2:15am Feb 1, 2008 2:15am
Quoting booney
Price Action
Thank you booney ..
Discipline + Patience - Fear - Greed = Success
  • #60,747
  • Feb 1, 2008 3:12am Feb 1, 2008 3:12am
Quoting bcorsaut24
ok well i know this sounds a little bit like an earlier post....but assuming we do have a market that is affected by news...and that market moves based on the news released....

'theoretically', what would good NFP do to GJ???......Gj would 'suppose' to move which way?

thanks

btw, i'm not a fundamental trader....just trying to know some more
If NFP prints better than forecast, US stock markets will have a huge rally. Pushing G/Y up with it. If it is bad we will see a selloff. Right now there is no direction.
Ranging/Choppy market until NFP is reported.
Good for scalping if you are up for it !

Hope we all get some pips today....

  • #60,748
  • Feb 1, 2008 3:17am Feb 1, 2008 3:17am
Quoting Rustyyy
If NFP prints better than forecast, US stock markets will have a huge rally. Pushing G/Y up with it. If it is bad we will see a selloff. Right now there is no direction.
Ranging/Choppy market until NFP is reported.
Good for scalping if you are up for it !

Hope we all get some pips today....

thanks for the reply!
The odds are on my side; let's hope they stay that way!!!
  • #60,749
  • Feb 1, 2008 4:36am Feb 1, 2008 4:36am
GJ movements and reactions in bigger scale
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  • #60,750
  • Feb 1, 2008 4:53am Feb 1, 2008 4:53am
another wedge???
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  • #60,751
  • Edited 5:30am Feb 1, 2008 4:55am | Edited 5:30am
http://www.tradingrooms.com/chartpos...2008105251.png

and GJ4H now

http://www.tradingrooms.com/chartpos...1200810533.png

sorry - GJ4H last chart - more corrected
http://www.tradingrooms.com/chartpos...2008112613.png

any thoughts?

-------
FiboPiv_v2MTF, Handmade
updated version
http://www.forexfactory.com/attachme...2&d=1201864461
  • #60,752
  • Feb 1, 2008 5:11am Feb 1, 2008 5:11am
based on fib levels. shorted at: 211.73 target 210.72.
  • #60,753
  • Edited 6:07am Feb 1, 2008 5:55am | Edited 6:07am
Isnt that nice more buyers yayyyyy

and then the inevitable more sellers

and all equals intraday nightmare lol
"Millionaires don't use astrology, billionaires do"
  • #60,754
  • Feb 1, 2008 6:18am Feb 1, 2008 6:18am
Big day looks like futures are excited also for djia whats the perceptions of the ppl on this fun filled day?
"Millionaires don't use astrology, billionaires do"
  • #60,755
  • Feb 1, 2008 6:30am Feb 1, 2008 6:30am
Anyone holding to their shorts? Chance of big whipsaws in the next few days imo
  • #60,756
  • Feb 1, 2008 7:05am Feb 1, 2008 7:05am
Market is very choppy ... even scalping is dangerous and sweeps off many of pips you have earned ... I could make 80 pips during past ours and then I lost 70 of them

Waiting for NFP and ISM to be released. So no trade for now ...
Discipline + Patience - Fear - Greed = Success
  • #60,757
  • Feb 1, 2008 7:27am Feb 1, 2008 7:27am
WE'RE SOOOOOO CLOOOSEEEE!!!!!

i hope we see a huge surprise.....very weak NFP after expected strength and very strong ADP...
The odds are on my side; let's hope they stay that way!!!
  • #60,758
  • Feb 1, 2008 7:42am Feb 1, 2008 7:42am
Priceless!
The market has yet spoke again!
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  • #60,759
  • Feb 1, 2008 7:47am Feb 1, 2008 7:47am
Quoting quecee5
Priceless!
The market has yet spoke again!
  • #60,760
  • Feb 1, 2008 7:49am Feb 1, 2008 7:49am
Quoting forexnovice
Good to see u my friend. I see u lurking here from time to time. . .
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