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

  • #75,141
  • Apr 24, 2008 8:16am Apr 24, 2008 8:16am
what's ur favorite pair DT?

Quoting DutchTrader
Until a break above 206 I'm sidelined on GJ, I'm elsewhere
  • #75,142
  • Apr 24, 2008 8:18am Apr 24, 2008 8:18am
Quoting lilmoe
oh i developed a new strategy for the news:

5 mins before the news, place 2 pending orders, 1 buy stop and 1 sell stop. each with a 20 pip stop loss and a 70 pip TP. i might work!!! won't lose alot on it though, only 40 pips if both stops get catched
i also wnt short on GU uk retails sails, cos i predicted bad news, i was right but market took it ass good news, lost 20pips 1%. now look where GU is.




I have tried dis out, it really only works on very volatile news trades like, NFP, German IFO, news dat spikes 50 to 100pips in a minute,

it wasnt profitable for me.

But i have my own system i have been using live for a month now,

50% last month. chec my post for today to read about it.

i went short before d news on Germanifo EU, SL 20pips, Took +34 out off over100pips bcos i was diatracted by my GJ short today.

check my post of london for more info of my news trades
  • #75,143
  • Apr 24, 2008 8:19am Apr 24, 2008 8:19am
Quoting lilmoe
what's ur favorite pair DT?
I'd have to Aud/Jpy has been good to me in 07/08
Patience + Humility + Study = Success
  • #75,144
  • Apr 24, 2008 8:25am Apr 24, 2008 8:25am
Quoting DutchTrader
I'd have to Aud/Jpy has been good to me in 07/08
Good fun that one. I'm short on AUD/JPY - trend says dooowwwn
Money & Pain Respect the market, protect your capital, be patient
  • #75,145
  • Apr 24, 2008 8:25am Apr 24, 2008 8:25am
Quoting shahroodi
i see bulls and bears ...i mean range, niether break through 206 area nor 203 area...IMOhttp://qsmile.com/qsimages/73.gif
http://qsmile.com/qsimages/59.gif http://qsmile.com/qsimages/59.gif
  • #75,146
  • Apr 24, 2008 8:26am Apr 24, 2008 8:26am
Quoting toyboy tramp
Same again you think?

i am currently in grrn pips on GJ, i aint scared of d news. news is price price is news,

I will simply convert my trade into a prenews trade, Move SL to lock in profits and wait for +ve us news, if news comes out flat at least, we should hit 206 and more

im out with +30pips cos DOW is retracing a bit
  • #75,147
  • Apr 24, 2008 8:34am Apr 24, 2008 8:34am
Its hammering at the top of the short term downtrend, what effect will +/- home sales have?

Slightly nervous, maybe I should cut losses?
Money & Pain Respect the market, protect your capital, be patient
  • #75,148
  • Apr 24, 2008 8:38am Apr 24, 2008 8:38am
Says probably dropped.

http://www.bloomberg.com/apps/news?p...d=aReV2hmUacRM

Date of Release 04/24 04/24 04/24 04/24
Observation Period March March 20-Apr March
----------------------------------------------------------------
Median 0.1% 0.5% 375 580
Average 0.2% 0.5% 376 581
High Forecast 2.7% 2.4% 385 602
Low Forecast -2.3% -1.0% 360 560
Number of Participants 78 42 41 75
Previous -1.1% -2.4% 372 590
----------------------------------------------------------------

how does this translate to the tape?
Money & Pain Respect the market, protect your capital, be patient
  • #75,149
  • Apr 24, 2008 8:39am Apr 24, 2008 8:39am
Quoting toyboy tramp
Its hammering at the top of the short term downtrend, what effect will +/- home sales have?

Slightly nervous, maybe I should cut losses?
are u long or short? if ue long just place a 20pips SL few minutes b4 d news and pray to pip goddess

i missed my 4hr gann bounce trade by 5pips. angry, angry
  • #75,150
  • Apr 24, 2008 8:41am Apr 24, 2008 8:41am
Don't use stop losses, maybe they're a good idea for the news eh!
Money & Pain Respect the market, protect your capital, be patient
  • #75,151
  • Apr 24, 2008 8:44am Apr 24, 2008 8:44am
There might be a surpirse in the housing data this time. . . Might not be as bad as one would expect. . . Be careful if you are shorting or thinking about shorting - JMHO!
  • #75,152
  • Apr 24, 2008 8:45am Apr 24, 2008 8:45am
Quoting quecee5
There might be a surpirse in the housing data this time. . . Might not be as bad as one would expect. . . Be careful if you are shorting or thinking about shorting - JMHO!
Q - do you still think 202 is on the cards?
Money & Pain Respect the market, protect your capital, be patient
  • #75,153
  • Apr 24, 2008 8:45am Apr 24, 2008 8:45am
Quoting ephisi
i am currently in grrn pips on GJ, i aint scared of d news. news is price price is news,

I will simply convert my trade into a prenews trade, Move SL to lock in profits and wait for +ve us news, if news comes out flat at least, we should hit 206 and more

im out with +30pips cos DOW is retracing a bit
YOU BETTER BE NEWS CONSCIOUS COS IT COULD FAVOR USD AGAIN IN 15MINS TIME...WHY NOT WAIT AND SEE.
PIPS AND PIPS ONLY... + OF COURSE
  • #75,154
  • Apr 24, 2008 8:46am Apr 24, 2008 8:46am
Quoting quecee5
There might be a surpirse in the housing data this time. . . Might not be as bad as one would expect. . . Be careful if you are shorting or thinking about shorting - JMHO!

exactly, even if d news comes out as expected, DOw should rally today, UJ is already showing signs, if news is bade it may shrug it offf, wealready know dat d housing market is bad, what worst can we expect
  • #75,155
  • Apr 24, 2008 8:48am Apr 24, 2008 8:48am
The charts say its not going much higher, imho, probably totally wrong!
Money & Pain Respect the market, protect your capital, be patient
  • #75,156
  • Apr 24, 2008 8:50am Apr 24, 2008 8:50am
Hey people, i want know their views about the pounds have a potential to grow this year? I think see that in the grapichs.what do u think?
excuse me for my inglish,bye
  • #75,157
  • Apr 24, 2008 8:51am Apr 24, 2008 8:51am
Quoting toyboy tramp
Q - do you still think 202 is on the cards?
do u mean 207?
  • #75,158
  • Apr 24, 2008 8:51am Apr 24, 2008 8:51am
Today may see 203.13 frist then if it broken hardly we will go to 200 area
  • #75,159
  • Apr 24, 2008 8:52am Apr 24, 2008 8:52am
Quoting kaka08
YOU BETTER BE NEWS CONSCIOUS COS IT COULD FAVOR USD AGAIN IN 15MINS TIME...WHY NOT WAIT AND SEE.
of course im news concious, and of course u can see i was right in exiting with profit.

DOW is d tool to watch, so i never take my eyes off it, i noticed it was retracing so i exited, this also coincide with 4hr gann bounce trade, i was supposed to short at 205.45(10pips 4rm gann) but i missed it. i always target +50pips on gann bounce

i hve trade 2 gann bounce shorts in london at 205.50 and 205. 48 for about +150pips

so im conciou of d news
  • #75,160
  • Apr 24, 2008 9:01am Apr 24, 2008 9:01am
Phew, thanks guys. Love this thread
Money & Pain Respect the market, protect your capital, be patient
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