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

  • #66,621
  • Mar 7, 2008 7:21am Mar 7, 2008 7:21am
Quoting aediaz1
Finally. And a quiz; _ _ _ _ _ _ _ _ pays off . Stuck ? Ask Karmo
nice chart
  • #66,622
  • Mar 7, 2008 7:21am Mar 7, 2008 7:21am
Quoting $teve
Where do you see it? Why is this rumor coming out half an hour before the NFP report?

Why is easy

They want to screw with us ...lol

Bet NFP is negative
Blogging daily now at www.volume.zone
  • #66,623
  • Mar 7, 2008 7:22am Mar 7, 2008 7:22am
so you thihnk this is gona go up with the NFP karmo?
  • #66,624
  • Mar 7, 2008 7:23am Mar 7, 2008 7:23am
Quoting malcolmb14
this move has nothing to do with NFP ... it is the rumour of the emergency rate cut .. that might even be as high as .75%

To much to late

The feds are trying to prop the bond ups. They do not want the markets to drop , thus making the yield curve shallow as the difference between long term rates and short term become less and less.
The rate cut news came out a couple of hours ago and not just now.
Trade what you see, not what you think.
  • #66,625
  • Mar 7, 2008 7:23am Mar 7, 2008 7:23am
http://www.thomsonfxhub.com/fxhub/forex-news.jsf

Thomson is great, no ressources from your computer, no feed

Dah that's just work
  • #66,626
  • Mar 7, 2008 7:23am Mar 7, 2008 7:23am
Quoting hcruces
so you thihnk this is gona go up with the NFP karmo?
No clue, but my chart says bullish (I could be wrong), we'll know in 7 minutes
Trade what you see, not what you think.
  • #66,627
  • Mar 7, 2008 7:24am Mar 7, 2008 7:24am
What's the fastest way to get the news? forexfactory news calendar is often a bit slow I think? updates after the rocket has already been fired.
  • #66,628
  • Mar 7, 2008 7:25am Mar 7, 2008 7:25am
Quoting SimonJ
What's the fastest way to get the news? forexfactory news calendar is often a bit slow I think? updates after the rocket has already been fired.

you need to pay for subscription service like tradethenews
Fear's for the other guy
  • #66,629
  • Mar 7, 2008 7:26am Mar 7, 2008 7:26am
a Crab may be GJ1h
http://www.tradingrooms.com/chartpos...2008132644.png
  • #66,630
  • Mar 7, 2008 7:26am Mar 7, 2008 7:26am
YM .... up 100 .. down 100 points .. in 10 min and deropping fast

something not right

I am short gbpjpy here , tight stop
Blogging daily now at www.volume.zone
  • #66,631
  • Mar 7, 2008 7:28am Mar 7, 2008 7:28am
Quoting malcolmb14
YM .... up 100 .. down 100 points .. in 10 min and deropping fast

something not right

I am short gbpjpy here , tight stop

This is a very high risk trade
Blogging daily now at www.volume.zone
  • #66,632
  • Mar 7, 2008 7:45am Mar 7, 2008 7:45am
Quoting malcolmb14
This is a very high risk trade
thanks mate
  • #66,633
  • Mar 7, 2008 7:47am Mar 7, 2008 7:47am
Quoting malcolmb14
YM .... up 100 .. down 100 points .. in 10 min and deropping fast

something not right

I am short gbpjpy here , tight stop
thanks mate
100 pips is pretty nice
  • #66,634
  • Mar 7, 2008 7:47am Mar 7, 2008 7:47am
anyone here has stop breathing?
  • #66,635
  • Mar 7, 2008 7:48am Mar 7, 2008 7:48am
Cangratz!! new record US Dollar Index 72.46
  • #66,636
  • Mar 7, 2008 7:49am Mar 7, 2008 7:49am
Lol this news made everything go both up and down! I don't get if this was good or bad news for USD. Looks like half good half bad?
  • #66,637
  • Mar 7, 2008 7:50am Mar 7, 2008 7:50am
probably bad for currency good for stocks
Fear's for the other guy
  • #66,638
  • Mar 7, 2008 7:55am Mar 7, 2008 7:55am
I am a little bit angry on myself... went perfectly in @ 205.9... afterwards the stop catching started - also no problem.

This way I already estimated that we will go down.

And then I was too greedy and didn't close my position @ 204.86... ahhhh !!!!

IMHO we still will go down... now everybody who plays the retracement jumps in... but... could have had twice the profit :-(

BUT: somebody is omehow supporting UJ... can't understand that it doesn't fall more...

Anyways... lessons learnt...
  • #66,639
  • Mar 7, 2008 7:56am Mar 7, 2008 7:56am
100 pips .... so that is 280 in the bag so far. i am now on 2 min looking for next trade.

There are a few traders who slag me off every time I post lol..... but I know there are a few that learn a thing or 2 from my posts.

so here is why I went short .. I want to explain my thought process and hope you all get something out of it.

1) NFP coming out today . No news has been good news recently
2) Rumour of Fed emergency rate cut same day the NFP comes out..seems strange to me. That indicated to me NFP was NFG (no fing good) as the feds knew the markets would drop, dj futures touched 11900.
3) I saw this on the YM chart 10 min before gbpjpy even reacted..see chart That is like GBPJPY going up 100 pips and dropping 200 pips in 15 min.
4) my gut instinct indicator screamed sell .. so i did

Attached Image (click to enlarge)
Click to Enlarge Name: ym march 7.png Size: 129 KB
Blogging daily now at www.volume.zone
  • #66,640
  • Mar 7, 2008 7:56am Mar 7, 2008 7:56am
Quoting quecee5
Didn't get a close above 207.30/40 - check
Price has failed at the 55 day EMA 3 times - check
UJ breaking down and GU trading at the top of the range - check

Anybody still think this pair going to 208.50?????

As stated yesterday, best to see the glass half empy and half full!

Short from 207.52 waiting for it to break down to 202 area. . .

Cheers!
If GJ continues to trade below 205.80/90 area this will be the 1st sign of a continuation of the main trend. . . DOWN!

Looking at the glass half full and half empty = PRIECELSS!
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