hello my fellow traders,
my newly tweaked system did great today...
i hope it will work as well on the other direction..
I wish you luck
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #91,062
- Jun 9, 2008 8:51am Jun 9, 2008 8:51am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #91,063
- Jun 9, 2008 8:56am Jun 9, 2008 8:56am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
houses are being payd for WITH creditcards. thats really bad.
carry will unwind but i guess a quick visit to 217 is possible.
although it would/will be hard for technical traders to overcome fundamental kick in the teeth of japanese investors taking home trillions of dollars of investments abroad, hedgefunds fireselling to raise margins etc etc
The Chonchy
- #91,064
- Jun 9, 2008 8:56am Jun 9, 2008 8:56am
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
- #91,065
- Jun 9, 2008 8:57am Jun 9, 2008 8:57am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
Cool ..
I also shorted this baby @1.5782 ..
Didnt want to short EUR when its bankers so much hawkinh- I would rather go with the trend and wait for the long opportunity again.
Instead i went NZD/USD short and beginning to scale in long term shorts.
I see that NZD has stopped its uptrend and is beginning to turn down and its bankers are certainly jelping.
DID anyone notice whats been happening to NZD/USD in the last 2 days. When dollar was getting whipped and all currencies gaining on dollar- NZD hardly moved at all. NZD hardly moved up inspite of iverall dollar weakness-which again tells us - there arent many investor who think NZD is string anymore.
I will try to seel most rallies on NZD/USD.
- #91,069
- Jun 9, 2008 9:03am Jun 9, 2008 9:03am
Cool ..
I also shorted this baby @1.5782 ..
and long the usd/chf at 1.0216
any ideas on how far the eur/usd could drop I'm eyeing 1.5555 as tp1 but we'll see how it does this next hour
- #91,071
- Jun 9, 2008 9:06am Jun 9, 2008 9:06am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #91,073
- Jun 9, 2008 9:10am Jun 9, 2008 9:10am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #91,076
- Jun 9, 2008 9:20am Jun 9, 2008 9:20am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #91,077
- Jun 9, 2008 9:21am Jun 9, 2008 9:21am
- Joined Sep 2006 | Status: Trader | 2,272 Posts
its just money
- #91,078
- Jun 9, 2008 9:25am Jun 9, 2008 9:25am
- Joined Mar 2007 | Status: Trader | 1,731 Posts
Just a heads up, there is a bearish harmonic pattern developing on the 4hr time frame. BUT just based on this pattern, there are no signals to short at this time.
We won't get a proper short signal, if at all, until a few hours time, however note that we are just about at the monthly 5-SMA high.
ya good note bro
based on monthly momentoms,seems price should fall from this area...but who knowshttp://qsmile.com/qsimages/73.gif ...i'll wait for a good short confirmation signal ....otherwise if daily can close above 209 then i don't see any strong resistance till 213...IMOhttp://qsmile.com/qsimages/73.gif
should wait and see
