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

  • #81,941
  • May 18, 2008 4:58pm May 18, 2008 4:58pm
does the nikkei open up today on sunday ?
  • #81,942
  • May 18, 2008 5:16pm May 18, 2008 5:16pm
man that thing just spiked down 50 pips and back up.... what the heck..
  • #81,943
  • May 18, 2008 5:19pm May 18, 2008 5:19pm
damn, i thought it was a glitch on my computer.
  • #81,944
  • May 18, 2008 5:19pm May 18, 2008 5:19pm
I got it too...Lets hope its the direction of things to come...
  • #81,945
  • May 18, 2008 5:26pm May 18, 2008 5:26pm
Quoting shakesfx
I got it too...Lets hope its the direction of things to come...

i'm going back to sleep, i'll sleep anyway if i keep an eye on that turtle.

goodnight all!
  • #81,946
  • May 18, 2008 5:27pm May 18, 2008 5:27pm
  • #81,947
  • May 18, 2008 5:27pm May 18, 2008 5:27pm
Well.....jumping into trading TL's. Thought I would take a Short Limit Order at 205.20 with a 50 pip S/L and see what happens.
"Keep your eyes on the helpers" - Mr. Rogers
  • #81,948
  • May 18, 2008 5:32pm May 18, 2008 5:32pm
Quoting lilmoe
man that thing just spiked down 50 pips and back up.... what the heck..
It might be me that causing the spike as I added another shorts.. I might do it again if everyone is happy with it ..
.. Just let me know
  • #81,949
  • May 18, 2008 5:33pm May 18, 2008 5:33pm
You can take the daily open PROVIDING the last prior swing hi/lo is not so far away, but take that prior hi/lo to the opening swing hi/lo for the daily open and project it a minimum of 100%-162% but can be anything over that. the least i have seen in a while is 87.5%.

using 15m chart

example chart
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_8.gif Size: 77 KB
"Millionaires don't use astrology, billionaires do"
  • #81,950
  • May 18, 2008 5:34pm May 18, 2008 5:34pm
Quoting mktjong
It might be me that causing the spike as I added another shorts.. I might do it again if everyone is happy with it ..
.. Just let me know
do that again mk. for me?
  • #81,951
  • May 18, 2008 5:38pm May 18, 2008 5:38pm
Quoting pkimnyc
do that again mk. for me?
Ok ..ok bud..just put on your seat belt..
  • #81,952
  • May 18, 2008 6:05pm May 18, 2008 6:05pm
i can't sleep
  • #81,953
  • May 18, 2008 6:10pm May 18, 2008 6:10pm
well you're not missing much. 203.82 seems to be holding again, That's the third 1hr touch since Friday afternoon. What I'm interested in is that spike we had...Any ideas?
  • #81,954
  • May 18, 2008 6:12pm May 18, 2008 6:12pm
Quoting shakesfx
well you're not missing much. 203.82 seems to be holding again, That's the third 1hr touch since Friday afternoon. What I'm interested in is that spike we had...Any ideas?
nope, no idea.

there was some news release though. good data. cable's going up. i was waiting on the sucker to go down a bit before i buy some. darn
  • #81,955
  • May 18, 2008 6:22pm May 18, 2008 6:22pm
daily 5sma at 203.89 we should be heading there (10 more pip up) before any movement downward. just in case i miss out on an obvious reversal, i'm going to lock in some pips at this spike's low (pussy right?)

on the other hand, the lower tl of our good ole channel is in confluence with daily gann and daily 50ema at 204.78. it shouldn't be scary to place a sell limit right there right? ok ok, i will (Actually just did). i'll also place my sl at 205.25 (10 pips above april 4th's high) just in case. 205.14 should be major resistance at the meantime (provided if the price reaches there). i still think the resistance i set since friday at 204.40 should stand in the way big time. i won't place an order there, i already have one at 204.30 which is good so far.

take care people, in case i sleep typing this.
  • #81,956
  • May 18, 2008 6:23pm May 18, 2008 6:23pm
Quoting lilmoe
nope, no idea.

there was some news release though. good data. cable's going up. i was waiting on the sucker to go down a bit before i buy some. darn
Was it this one?

UK - Rightmove data:Asking price for houses in May +1.2% M/M, +2.2% Yr/Yr from 1.3%

Reckon that news will be short lived, the worst is to filter through yet as the market in reality has ground to a halt over here.
  • #81,957
  • May 18, 2008 6:25pm May 18, 2008 6:25pm
by the way, that spike? it bounced off 50% fib of the dump from 209 to 199.78
  • #81,958
  • May 18, 2008 6:30pm May 18, 2008 6:30pm
i have to tell u guys this.

i had a nightmare last night. i had 10% of my account in a short trade with no stop loss, and woke up to find a nice gap with opening price at 251
  • #81,959
  • May 18, 2008 6:38pm May 18, 2008 6:38pm
Quoting lilmoe
i have to tell u guys this.

i had a nightmare last night. i had 10% of my account in a short trade with no stop loss, and woke up to find a nice gap with opening price at 251

Good one!

Funny you mention that, because I had a dream in which everyone else made millions simply by following the opposite of my trades. As I was making no money at this myself, I decided to charge for my "Just do the opposite to me" trades and ended up making a loss when the trades decided to go my way after my account was blown....Don't you just love forex?
  • #81,960
  • May 18, 2008 6:38pm May 18, 2008 6:38pm
Quoting lilmoe
by the way, that spike? it bounced off 50% fib of the dump from 209 to 199.78
crap, my bad, 50% from 213 to 192... my bad
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