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GBPJPY scalpers

  • #1,781
  • Apr 1, 2008 1:13pm Apr 1, 2008 1:13pm
I'm with your Malcomb.
I'm short from 201.32.
199.50 would be probably TP, a 50.0 retrace.

5M is below the 50sma now.
10 and 20sma on the 15 will cross down soon.
30M Stoch is crossed down.
1H RSI is way overbought.

And the last failed attempt at the 201.7 area dropped us back down to 197 area, so..... I'd almost wanna bet a 61.8 (198.75) retrace here, before continuing our move UP.
  • #1,782
  • Apr 1, 2008 1:14pm Apr 1, 2008 1:14pm
Quoting summitfx
I snagged this chart from the 1KT traders area. (where the big boys and girls play). Interesting TL's
Thats funny.... I'm 1KT and I've never been in that forum.... ;-)
  • #1,783
  • Apr 1, 2008 1:16pm Apr 1, 2008 1:16pm
Quoting summitfx
I think there are a lot of newbies in here and this is the absolute worse place to start your FX career.

Adrenaline Junkies Alley would be a better name for the thread.
lol, now thats what I call funny
  • #1,784
  • Apr 1, 2008 1:17pm Apr 1, 2008 1:17pm
Did anyone catch the Big move?????
Attached Image (click to enlarge)
Click to Enlarge Name: display82.gif Size: 19 KB
Trade what you see - Not what you think
  • #1,785
  • Apr 1, 2008 1:18pm Apr 1, 2008 1:18pm
Quoting summitfx
I snagged this chart from the 1KT traders area. (where the big boys and girls play). Interesting Channel
Hmmmmm, How easy was that chart to snag????
  • #1,786
  • Apr 1, 2008 1:20pm Apr 1, 2008 1:20pm
Quoting summitfx
Did anyone catch the Big move?????
Wow, I missed that one ... what was it in ...

Doh !!

Yep, I sold all the way up

I see you're a professional though ...

http://www.forexfactory.com/showthread.php?t=10786
  • #1,787
  • Apr 1, 2008 1:21pm Apr 1, 2008 1:21pm
Quoting kujo17
I'd almost wanna bet a 61.8 (198.75) retrace here, before continuing our move UP.
Why do you expect a move further up?
  • #1,788
  • Apr 1, 2008 1:24pm Apr 1, 2008 1:24pm
So why are you going short here? 1000 trades you should know better huh?

Quoting kujo17
I'm with your Malcomb.
I'm short from 201.32.
199.50 would be probably TP, a 50.0 retrace.

5M is below the 50sma now.
10 and 20sma on the 15 will cross down soon.
30M Stoch is crossed down.
1H RSI is way overbought.

And the last failed attempt at the 201.7 area dropped us back down to 197 area, so..... I'd almost wanna bet a 61.8 (198.75) retrace here, before continuing our move UP.
Trade what you see - Not what you think
  • #1,789
  • Apr 1, 2008 1:27pm Apr 1, 2008 1:27pm
GJ1d
Attached Image
  • #1,790
  • Apr 1, 2008 1:28pm Apr 1, 2008 1:28pm
Quoting summitfx
So why are you going short here? 1000 trades you should know better huh?
I went short also on 2 min , closed for a lovely 50 pips.

lol ... you sound like the guys on Sunday saying short ..??? then it dropped 300 pips back to where it started.

This move is purely news driven. You got to wonder why UBS is not allowing short selling of their stock .. that would not be an issue of the news was really great news as the markets seem to think it is.
Blogging daily now at www.volume.zone
  • #1,791
  • Apr 1, 2008 1:28pm Apr 1, 2008 1:28pm
Quoting naatha
GJ1d
I will be worried about shorts until a 1 hr close below the 5 ema.The 4 hr still looks a bit long.

A break above 201.42 I can see the hi again and a break of the hi could take the price to 201.98.The dow is still very positive. (+320)
  • #1,792
  • Apr 1, 2008 1:29pm Apr 1, 2008 1:29pm
Here's a couple of charts looking at the longer timescale, with previous carry trade uinwinds highlighted. Kind of gives you an idea of how low it can all go...


http://img358.imageshack.us/img358/6...032908awt7.jpg

and the GBP/JPY on the same scale by itself.

http://img216.imageshack.us/img216/9...y032907vq4.jpg
  • #1,793
  • Apr 1, 2008 1:30pm Apr 1, 2008 1:30pm
As always I'd like to see proof- Funny you never can produce results only big unsubstantiated claims.

Quoting malcolmb14
I went short also on 2 min , closed for a lovely 50 pips.

lol ... you sound like the guys on Sunday saying short ..??? then it dropped 300 pips back to where it started.

This move is purely news driven. You got to wonder why UBS is not allowing short selling of their stock .. that would not be an issue of the news was really great news as the markets seem to think it is.
Trade what you see - Not what you think
  • #1,794
  • Apr 1, 2008 1:34pm Apr 1, 2008 1:34pm
Nailed 50 pips- Unreal
Attached Image (click to enlarge)
Click to Enlarge Name: display83.gif Size: 21 KB
Trade what you see - Not what you think
  • #1,795
  • Apr 1, 2008 1:34pm Apr 1, 2008 1:34pm
Quoting summitfx
So why are you going short here? 1000 trades you should know better huh?
It's a small position and I think she's gonna retrace to mid to low 199s.

I posted my reasoning.....
  • #1,796
  • Apr 1, 2008 1:35pm Apr 1, 2008 1:35pm
Quoting PipChick
I will be worried about shorts until a 1 hr close below the 5 ema.The 4 hr still looks a bit long.

A break above 201.42 I can see the hi again and a break of the hi could take the price to 201.98.The dow is still very positive. (+320)
Here we go, experience at its best. Great to see you in here again pipchick. Looking forward to learning from you again.
  • #1,797
  • Apr 1, 2008 1:39pm Apr 1, 2008 1:39pm
After it hits 205.00 do you mean?

I forgot it's April Fools Day-Malcolmb must priming everyone for his New Room which I'm sure will be subscription based.

Sorry to interrupt folks- I'll move on

good Luck

Quoting kujo17
It's a small position and I think she's gonna retrace to mid to low 199s.

I posted my reasoning.....
Trade what you see - Not what you think
  • #1,798
  • Apr 1, 2008 1:52pm Apr 1, 2008 1:52pm
Double top?
  • #1,799
  • Apr 1, 2008 1:54pm Apr 1, 2008 1:54pm
Quoting Küster
Double top?
Hope.....other ways getout of shorts..
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  • #1,800
  • Apr 1, 2008 1:59pm Apr 1, 2008 1:59pm
Quoting summitfx
After it hits 205.00 do you mean?

I forgot it's April Fools Day-Malcolmb must priming everyone for his New Room which I'm sure will be subscription based.

Sorry to interrupt folks- I'll move on

good Luck
Of course it will be subscribed .... but nice and affordable for everyone.

The traders that I have mentored over the years for free have thanked me for it. I have a free stock club in Tcnet with a crowd of about 400 . i used to tell them the trades I was doing. Some of them learnt the open range breakout techniques that I used and still trade with them today.

No offence to any one involved in Pipsnipers , but it was a complete rip off and prompted me to offer something with better value.

I was in the room the Thursday before the long weekend making some calls , a freinds name, while the gj dropped 300 pips. The moderator was doing nothing.

There will be a free period , and if you do not like what you see then you do not have to subscribe , that simple.

I think the calls that I have made over time prove that I am a capable trader ... hell some of the traders in here even made money on a few.

Am I right all the time ... hell no.... but that is what money management is all about.
Blogging daily now at www.volume.zone
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