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

  • #78,801
  • May 7, 2008 3:16am May 7, 2008 3:16am
Quoting jarroo
Here's mine.
Thank you Jarroo...
  • #78,802
  • May 7, 2008 3:19am May 7, 2008 3:19am
Quoting GodfreyH
Stop loss hunt by whom? Your broker? Do you have 2 brokers to compare whether the price of one was totally different from the price of the other at the exact same moment?
he properly thinks his the reason his brokers are into forex
Imanuel Parsifal
  • #78,803
  • Edited 3:21am May 7, 2008 3:20am | Edited 3:21am
Quoting GodfreyH
Stop loss hunt by whom? Your broker? Do you have 2 brokers to compare whether the price of one was totally different from the price of the other at the exact same moment?
i'm using different brokers to compare price as I don't trust either of them LOL!!

I think the drop in price was due to a quick sell-off by Germany before news, this quick sell-off triggered Stops on they way down and was only halted at the daily trendline. Just MHO though.
  • #78,804
  • May 7, 2008 3:22am May 7, 2008 3:22am
i expect UK news to drive GU down either as expected or worse than expected. Just my 2 cent

Uj is extremely bullish, GU is extremely bearish, GJ is in trouble who do we follow
  • #78,805
  • May 7, 2008 3:25am May 7, 2008 3:25am
Quoting shakesfx
i'm using different brokers to compare price as I don't trust either of them LOL!!

I think the drop in price was due to a quick sell-off by Germany before news, this quick sell-off triggered Stops on they way down and was only halted at the daily trendline. Just MHO though.
Hmm. Possible. That would be Germany selling for lower than market price. Could have been Tokyo bank buying for below the market price also. Could have been there was a lot of orders to be filled at 206, also. Don't know enough how it works, but yeah.. Just my thoughts too.
  • #78,806
  • May 7, 2008 3:25am May 7, 2008 3:25am
Quoting Aad
Thank you Jarroo...
No problem, brother.
Indicators show the past. Price Action "Indicates" the future.
  • #78,807
  • May 7, 2008 3:25am May 7, 2008 3:25am
Quoting shakesfx
i'm using different brokers to compare price as I don't trust either of them LOL!!

I think the drop in price was due to a quick sell-off by Germany before news, this quick sell-off triggered Stops on they way down and was only halted at the daily trendline. Just MHO though.

Ok, fair enough assessment, I was going to say that I have yet to see a case where, the fall of price to a support or rise of price to a resistance was not predictable. Even if after the fact. LOL
  • #78,808
  • May 7, 2008 3:28am May 7, 2008 3:28am
Quoting Clouds
Hmm. Possible. That would be Germany selling for lower than market price. Could have been Tokyo bank buying for below the market price also. Could have been there was a lot of orders to be filled at 206, also. Don't know enough how it works, but yeah.. Just my thoughts too.
Also, everyone's worried about tomorrows interest rate decision by Bank of England...0.25 cut on the cards IMHO. Not sure if this has been priced in already, but my hunch is it has...I could be wrong of course!
  • #78,809
  • May 7, 2008 3:31am May 7, 2008 3:31am
Anyone got the news result?? Having coms problems at the moment...typical
  • #78,810
  • May 7, 2008 3:33am May 7, 2008 3:33am
[quote=ephisi;1987827]i expect UK news to drive GU down either as expected or worse than expected. Just my 2 cent

Guys sometimes i im tempted to think its luck, but i keep getting it right over and over again, I call it prenews trading. i shorted GU 3mins before d news closed for 2%.

I usually dont post my prenews trades
  • #78,811
  • May 7, 2008 3:35am May 7, 2008 3:35am
[quote=ephisi;1987850]
Quoting ephisi
i expect UK news to drive GU down either as expected or worse than expected. Just my 2 cent

Guys sometimes i im tempted to think its luck, but i keep getting it right over and over again, I call it prenews trading. i shorted GU 3mins before d news closed for 2%.

I usually dont post my prenews trades
Nice work
  • #78,812
  • May 7, 2008 3:37am May 7, 2008 3:37am
Quoting shakesfx
Anyone got the news result?? Having coms problems at the moment...typical
OK bad news, but still positive...only worst in last 6months so could have and should have been worse. Bounce of the daily trendline and North IMHO.
  • #78,813
  • May 7, 2008 3:38am May 7, 2008 3:38am
[quote=ephisi;1987850]
Quoting ephisi
i expect UK news to drive GU down either as expected or worse than expected. Just my 2 cent

Guys sometimes i im tempted to think its luck, but i keep getting it right over and over again, I call it prenews trading. i shorted GU 3mins before d news closed for 2%.

I usually dont post my prenews trades
  • #78,814
  • May 7, 2008 3:40am May 7, 2008 3:40am
[quote=ephisi;1987850]
Quoting ephisi
i expect UK news to drive GU down either as expected or worse than expected. Just my 2 cent

Guys sometimes i im tempted to think its luck, but i keep getting it right over and over again, I call it prenews trading. i shorted GU 3mins before d news closed for 2%.

I usually dont post my prenews trades
The data was worse than expected, so it looks like a case of Sell the Rumour, Buy the News. For cable to fall 160 pips in a couple of hours someone had a good idea of what was coming out - that's unusual for UK data http://www.forexfactory.com/images/icons/icon11.gif
Trading Levels with WRBs
  • #78,815
  • May 7, 2008 3:45am May 7, 2008 3:45am
[quote=Islander;1987867]
Quoting ephisi

The data was worse than expected, so it looks like a case of Sell the Rumour, Buy the News. For cable to fall 160 pips in a couple of hours someone had a good idea of what was coming out - that's unusual for UK data http://www.forexfactory.com/images/icons/icon11.gif
yeah Mr. Brown become black maybe j/k
sure something wrong going on
  • #78,816
  • May 7, 2008 3:46am May 7, 2008 3:46am
another bounce from daily gann...till price is above daily gann and 50 ema,longs seems be safe
i took a long agian at 205.70

time will tell us soon

good luck all
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  • #78,817
  • May 7, 2008 3:48am May 7, 2008 3:48am
attention to usd/cad
  • #78,818
  • May 7, 2008 3:51am May 7, 2008 3:51am
[quote=Islander;1987867]
Quoting ephisi

The data was worse than expected, so it looks like a case of Sell the Rumour, Buy the News. For cable to fall 160 pips in a couple of hours someone had a good idea of what was coming out - that's unusual for UK data http://www.forexfactory.com/images/icons/icon11.gif
i made a similar trade yesterday, services PMI just as i have been doing for 2months, i came accross this by coincidence on d German ifo sentiment when EU moved 100pips in 2minuts feb. since then i have been analysing price action b4 d news,

if you check last month i made d same propositin that some major players get d news b4 its released, it show in formm of price action,

Price is news news is price, easy money. LOL
  • #78,819
  • May 7, 2008 3:58am May 7, 2008 3:58am
Quoting shahroodi
another bounce from daily gann...till price is above daily gann and 50 ema,longs seems be safe
i took a long agian at 205.70

time will tell us soon

good luck all

Helppppp, my daily gann is at 205.05, i usually trade d gann bounce and ive been waiting for 205.20 to bounce a long from thee, does this mean i have been using a wrong entry yestrrday and today?

Godfrey and sharoodi, what is your daily gann?
  • #78,820
  • May 7, 2008 3:58am May 7, 2008 3:58am
i think the GU will go up some few pips, the the UJ will go down to 104.40, and don't forget the QQE is crossed down in 1H and 4H under Gann.
for that:
I am short @206.70 waiting 204 area
i hope that
good luck for all
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