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

  • #78,341
  • May 5, 2008 2:33pm May 5, 2008 2:33pm
Quoting OrionsWay
im buying 6.64

why did u say that pls (buying at 206.64)
  • #78,342
  • May 5, 2008 2:34pm May 5, 2008 2:34pm
Quoting shakesfx
Think we're going back to 209 Orion??

day traders getting out all them selling all day now have buy orders to get out
"Millionaires don't use astrology, billionaires do"
  • #78,343
  • May 5, 2008 2:36pm May 5, 2008 2:36pm
Quoting OrionsWay
day traders getting out all them selling all day now have buy orders to get out
Are you Joking or serious?
  • #78,344
  • May 5, 2008 2:37pm May 5, 2008 2:37pm
Quoting shakesfx
Are you Joking or serious?
LOL forget i said anything

shakes everything has a precept, i have briefly already outlined the order of things perhaps u didnt read .
"Millionaires don't use astrology, billionaires do"
  • #78,345
  • May 5, 2008 2:41pm May 5, 2008 2:41pm
Quoting OrionsWay
LOL forget i said anything

  • #78,346
  • May 5, 2008 2:46pm May 5, 2008 2:46pm
Quoting OrionsWay
LOL forget i said anything

shakes everything has a precept, i have briefly already outlined the order of things perhaps u didnt read .

OK, I see it in the PA now...
  • #78,347
  • May 5, 2008 2:55pm May 5, 2008 2:55pm
Quoting shahroodi
i take a long position at 207.36 sl:206.50 tp:208.36
sl hit with -86 pips

ps:i'll be in sideline till tommorrow

good luck all
  • #78,348
  • May 5, 2008 3:07pm May 5, 2008 3:07pm
1h looks bullish....ish
Attached Image (click to enlarge)
Click to Enlarge Name: 1hbull.GIF Size: 23 KB
Patience + Discipline - Greed = Success
  • #78,349
  • May 5, 2008 3:16pm May 5, 2008 3:16pm
Quoting shakesfx
I can elaborate.

It is something i have mentioned before.

Day traders in the market start to get out of the stocks in the last hour of the market IF the day has been a severe down day. Today was not severe enough for the markets to under go a 100 point bounce into close.

If the GJ and the indices are connected and moving in the same way it can cause a 40 - 80 pip bounce in the gj .


However , although Orions plan was a good one , it does not always happen , as was the case today. The day traders seem to have been slowly covering the shorts for the last 2.5 hours of the US stock market. I tried a long on the Ym off a pivot at 11 am PST , only got 15 points , nothing for the YM.


We closed under the open range low on the YM .... = bearish bias going into tomorrow.
Blogging daily now at www.volume.zone
  • #78,350
  • May 5, 2008 3:55pm May 5, 2008 3:55pm
20:37 USD/JPY: Job Losses Dominate Afternoon Headlines San Francisco, May 5. Despite improved US data over the last two trading sessions, the outlook continues to look poor with job losses dominating headlines this afternoon. Merck says it will cut 1200 sales jobs with CNBC reporting that JPMorgan Chase and Lehman's plans layoffs with the JPMorgan move aimed at making way for Bear Stearns employees. ThomsonReuters reports that Morgan Stanley plans to layoff 5% of its staff this year which is approximately 2,000 jobs.
Earlier this morning, UBS issued a more bearish outlook for the US economy, forecasting that the economy will contract in Q3 to -0.5% from +1.5% though expects growth to pick up in Q4 to 2.5%. A more severe real estate slump is being attributed to the paring of the growth forecast.
USD/JPY is trading at 104.87 currently, up from session lows of 104.74.
[email protected]
  • #78,351
  • May 5, 2008 4:03pm May 5, 2008 4:03pm
Quoting malcolmb14
I can elaborate.

It is something i have mentioned before.

Day traders in the market start to get out of the stocks in the last hour of the market IF the day has been a severe down day. Today was not severe enough for the markets to under go a 100 point bounce into close.

If the GJ and the indices are connected and moving in the same way it can cause a 40 - 80 pip bounce in the gj .


However , although Orions plan was a good one , it does not always happen , as was the case today. The day traders seem to have been slowly covering the shorts for the last 2.5 hours of the US stock market. I tried a long on the Ym off a pivot at 11 am PST , only got 15 points , nothing for the YM.


We closed under the open range low on the YM .... = bearish bias going into tomorrow.
Thanks for taking the time to explain, I understand a bit more now...
  • #78,352
  • May 5, 2008 4:15pm May 5, 2008 4:15pm
cool, they have a bunch of new smilies.

this one's my favorite
  • #78,353
  • May 5, 2008 4:32pm May 5, 2008 4:32pm
Dumped my Short from 207.10 at 206.75 and now long....

4hr cross-over wasn't to my liking...could be wrong, but think we need to go to 209 again...Just thinking out loud...what about you bros?? Seems to be forming a lovely set of reversal candles on the 3hr...4hr uncertain at the moment...anyone else long too??

PS love these new smilies...this is my favourite at the moment with this trade I'm holding now LOL..
  • #78,354
  • May 5, 2008 4:35pm May 5, 2008 4:35pm
Patience + Discipline - Greed = Success
  • #78,355
  • May 5, 2008 4:41pm May 5, 2008 4:41pm
Where is QQQQQQQQQQQQQQQQQQQQQQQ guys?
  • #78,356
  • May 5, 2008 4:49pm May 5, 2008 4:49pm
wondering if Yahoo makes a comission off the use of their emotions
"Millionaires don't use astrology, billionaires do"
  • #78,357
  • May 5, 2008 4:52pm May 5, 2008 4:52pm
Quoting shakesfx
Dumped my Short from 207.10 at 206.75 and now long....

4hr cross-over wasn't to my liking...could be wrong, but think we need to go to 209 again...Just thinking out loud...what about you bros?? Seems to be forming a lovely set of reversal candles on the 3hr...4hr uncertain at the moment...anyone else long too??

PS love these new smilies...this is my favourite at the moment with this trade I'm holding now LOL..
I was long from the 1h 100sma, got entry at 206.60, but I just closed it for 40 pips. This yahoo deal may take this down some along with the imminent job cuts. I will only be scalping until things become more clear.:nerd:

....loving these smileys

Bless
Patience + Discipline - Greed = Success
  • #78,358
  • May 5, 2008 4:52pm May 5, 2008 4:52pm
Trade what you see, not what you think.
  • #78,359
  • May 5, 2008 4:57pm May 5, 2008 4:57pm
I see up trend coming i already go long with usd/jpy not sure open another with gbp/jpy Look going UP
By the way Where r u guys!
  • #78,360
  • May 5, 2008 4:58pm May 5, 2008 4:58pm
Quoting Infinity
I was long from the 1h 100sma, got entry at 206.60, but I just closed it for 40 pips. This yahoo deal may take this down some along with the imminent job cuts. I will only be scalping until things become more clear.:nerd:

....loving these smileys

Bless
I don't blame you for scalping...market has been boring today, but the way the market has been shaking off bad news I wonder how much effect the yahoo and job cuts will have? I think I'll hold and see if we can get above the 1hr Gann HiLo and 55 sma...Might be a bit too optimistic though me thinks (day dream smilie...excellent!)
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