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

  • #66,581
  • Mar 7, 2008 6:26am Mar 7, 2008 6:26am
Quoting shahroodi
new 12,6 and 3 hr candles and momentoms
  • #66,582
  • Mar 7, 2008 6:26am Mar 7, 2008 6:26am
I went long for 205.80, will decide on next trade after this.
  • #66,583
  • Mar 7, 2008 6:26am Mar 7, 2008 6:26am
Quoting PipChick
Good to see you too Karm. An hour before NFP...I dont have an analysis. hehehe

Although, I see a trendline on the 1 hr at 205.06 and believe that if it is breached that we will see the 203.50 area very soon. With NFP....hmmmmmm could be a wild ride so I will enjoy the ride from a distance.

As far as 206.34 per forexpert (for a long)....could be good for about 100 pips but the 200 ema on the 1hr could slap it down. Can you tell the 200 ema scares me?lol

Hate pre NFP Price action!!! I will be ready to trade post NFP.
The 200ema has always proven to be a tough cookie to break, good luck to you
Trade what you see, not what you think.
  • #66,584
  • Mar 7, 2008 6:27am Mar 7, 2008 6:27am
Quoting karmostaji
10 minutes ago you said we will see 200-201 and now 206.34 to go long

LOL
  • #66,585
  • Mar 7, 2008 6:29am Mar 7, 2008 6:29am
Quoting malcolmb14
news gets factored into the markets all the time.

The fed fund futures will indicate what the market is looking for in an interest rate cut.Last time I looked it was strongly in favour of 0.5% , but have not been keeping up with it.

So the markets want 0.5%. It is factored into the market as the feds have indicated that this is what they are likely going to drop at the next meeting .

If at this point we do not get 0.5% at the March meeting ... the dj-30 will break those 52 week lows and hit my 1st target of 11200. My next one is 10800.

Here is another example on a stock :

A buddy of mine is in MBRK... a drug stock.. The thing has gone shooting up from $1 to 4.5 in days.

The reason for the increase FDA approval on a late phase III trial on one of their drugs. Aslo rumours of a buy out.

He bought at $3 on the pull back .. a good entry
He was still holding at $4.55 and asked my opinion ... and you all know I have my opinion on everything lol ) i told him to take profit. His response was `` but they are going to be bought out`. I said to him do you not thing this is not factored into the price

So in other words the news was built into the price already.

Since then it dropped to 3.8 (from 4.55) . Of course once again he did not listen although still got 80 cents profit (I think it was $2500) he gave away the other 75 cents ( almost another 2300). He only earns $50,000 per year so $2500 is a lot of money for him.

Another lesson to be learnt from this story is DO NOT BE GREEDY
Okay, but I've seen times before rate cuts being priced in and how the markets reacted, I didn't see it this time but we'll see what happens when the Feds meet. Thanks
Trade what you see, not what you think.
  • #66,586
  • Mar 7, 2008 6:29am Mar 7, 2008 6:29am
Quoting shahroodi
new 12,6 and 3 hr candles and momentoms

Anybody has a comment on momentums playing out when important news is coming?

Do they give a direction or are they completely nonsense in this kind of situation ?!
  • #66,587
  • Mar 7, 2008 6:31am Mar 7, 2008 6:31am
titchick ?
  • #66,588
  • Mar 7, 2008 6:32am Mar 7, 2008 6:32am
Quoting ernesto
Anybody has a comment on momentums playing out when important news is coming?

Do they give a direction or are they completely nonsense in this kind of situation ?!
From my reading the momentums shahroodi posted indicate bullish movement up to 206.40 area or so, but with such news coming up it can do anything to the market.
Trade what you see, not what you think.
  • #66,589
  • Mar 7, 2008 6:32am Mar 7, 2008 6:32am
Quoting ernesto
Anybody has a comment on momentums playing out when important news is coming?

Do they give a direction or are they completely nonsense in this kind of situation ?!
i have not any position today..i will wait for NFP.
this pics are for your information...and note that:
Trade at Your Own Risk
  • #66,590
  • Mar 7, 2008 6:33am Mar 7, 2008 6:33am
nice levels today
Attached Image
  • #66,591
  • Mar 7, 2008 6:35am Mar 7, 2008 6:35am
Quoting karmostaji
From my reading the momentums shahroodi posted indicate bullish movement up to 206.40 area or so, but with such news coming up it can do anything to the market.
karmo
if NFP realese worth than expected, i think price cannot go much more lower than area we have now or lower than 203.46(this week low)...becoz news was priced in with today downward movement.

what do you think???
tks in advance
  • #66,592
  • Mar 7, 2008 6:41am Mar 7, 2008 6:41am
Quoting Jerry
malcolmb14 i dont care about this if we go to 203.50 but if we fly up to 208.50 i would see your face... and all ur post about 200, sure we will go to 200 on next week, but have chance to reach 208.50 if we get good news for $

As per my postings I am a day trader . I do not really care where it goes as all I need is volatility to take pips out of the market. Do I lose .. of course all the time , but I manage that risk (that is the most important aspect of trading )

However being able to trade 5 min charts I can trade 4 hour charts:

I guess you do not know how to trade bear flags .. likely have never even heard of them.

I put it in nice bold letters for you on the chart below with a nice BIG arrow so you can see it.

The best we are going to do is retest the flag.

Also what part of close to 52 week lows on NASDAQ , S&P and DJ-30 do you not understand.

Sorry to appear so abrupt but I found your first posting RUDE.


Instead of slandering others analysis .. consider it. It will make you a better trader. The other week on here a trader posted dj to 13000 .. I disagreed. Then I went away and relooked at the charts and changed my mind. Thanks to them I made a load of money on YM that week.

Also make some posting for trades before they happen.....now that I would like to see.

Congrats for being the first person on my ignore list. I cannot suffer fools.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart16.JPG Size: 199 KB
Blogging daily now at www.volume.zone
  • #66,593
  • Mar 7, 2008 6:42am Mar 7, 2008 6:42am
Quoting shahroodi
karmo
if NFP realese worth than expected, i think price cannot go much more lower than area we have now or lower than 203.46(this week low)...becoz news was priced in with today downward movement.

what do you think???
tks in advance
I'm not predicting no news movement, it's a wait and see game.
Trade what you see, not what you think.
  • #66,594
  • Mar 7, 2008 6:44am Mar 7, 2008 6:44am
Quoting shahroodi
karmo
if NFP realese worth than expected, i think price cannot go much more lower than area we have now or lower than 203.46(this week low)...becoz news was priced in with today downward movement.

what do you think???
tks in advance
my post short gj was float -55pips rite now..
hope gj much more down.
i want to close my post short
  • #66,595
  • Mar 7, 2008 6:45am Mar 7, 2008 6:45am
Quoting karmostaji
I'm not predicting no news movement, it's a wait and see game.
  • #66,596
  • Mar 7, 2008 6:48am Mar 7, 2008 6:48am
Again statistical information that normally plays out very very well - at least it gives a direction...

Weekly average range: 630 pips

This weeks current range: about 420 pips

==> missing about 200 pips.

Either we go up to 209,7 what would be the boarder of a very important fib of the last big down move. (400 pips from here !)

Or we go down to 201.5 being the fib target for the last smaller down-move. (500 pips from here !)

Normaly price direction only changes once per week... from the beginning of the week we were going up - till highest point of 3-interest-day. Now we changed direction and are goinng down... now directly below the LOW of last week... should provide resisteance for up move. On daily level we also are now directly below the LOW of the last day... also imporant resistance for going up... on daily we have a inner bar yesterday... normally reversal bar - in this case for bearish movement.

I think propabilities aren't bad... I will enter short... pls don't follow me !
  • #66,597
  • Mar 7, 2008 6:48am Mar 7, 2008 6:48am
Quoting shahroodi
but here's a chart for you bro
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 21 KB
Trade what you see, not what you think.
  • #66,598
  • Mar 7, 2008 6:54am Mar 7, 2008 6:54am
Quoting karmostaji
but here's a chart for you bro
I am not used to indicators like you are using here... would this kind of chart be normally bearish or bullish for you?

Just to have another perspective...
  • #66,599
  • Mar 7, 2008 6:54am Mar 7, 2008 6:54am
Quoting malcolmb14
As per my postings I am a day trader . I do not really care where it goes as all I need is volatility to take pips out of the market. Do I lose .. of course all the time , but I manage that risk (that is the most important aspect of trading )

However being able to trade 5 min charts I can trade 4 hour charts:

I guess you do not know how to trade bear flags .. likely have never even heard of them.

I put it in nice bold letters for you on the chart below with a nice BIG arrow so you can see it.

The best we are going to do is retest the flag.

Also what part of close to 52 week lows on NASDAQ , S&P and DJ-30 do you not understand.

Sorry to appear so abrupt but I found your first posting RUDE.


Instead of slandering others analysis .. consider it. It will make you a better trader. The other week on here a trader posted dj to 13000 .. I disagreed. Then I went away and relooked at the charts and changed my mind. Thanks to them I made a load of money on YM that week.

Also make some posting for trades before they happen.....now that I would like to see.

Congrats for being the first person on my ignore list. I cannot suffer fools.

Attachment
no comments, iam sure u are good trader good dailytrader, i just dont like some post when ppl do, we ll go up or down nobody doent know for sure this and cant be sure 100% on this board
  • #66,600
  • Mar 7, 2008 6:56am Mar 7, 2008 6:56am
Quoting forexlion
I went long for 205.80, will decide on next trade after this.

got it
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