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

  • #91,181
  • Jun 9, 2008 2:37pm Jun 9, 2008 2:37pm
Quoting vinesh2
Can't get anything straight this month. Up Down Up Down!. This happened last year in Aug- Sep when everyone was talking that GJ is going to go to 233 and all technical indicators were agreeing and what happens is it crashes to 217 and then keeps crashing. So what we can agree here is Fundementals play a large role and they should not be counted out. I know a lot traders swear by technicals but from what I am seeing since last year is fundementals are taking on more precedence. This pair can be your freind or can be your worst enemy
Difference is, we are at the bottom now, not the top.
  • #91,182
  • Jun 9, 2008 2:37pm Jun 9, 2008 2:37pm
I don't think praying is going to help anymore. This pair just doesn't have any trend left 400 pips up 400 pips down that's just whipsaw those are the kind of days we have to deal with now. Just when you become patient and things start to look bright it reverses and now you are stuck with stupid positions and are left pondering.
  • #91,183
  • Jun 9, 2008 2:37pm Jun 9, 2008 2:37pm
Quoting OrionsWay
LOL
Pray with us Orions
Trade what you see, not what you think.
  • #91,184
  • Jun 9, 2008 2:39pm Jun 9, 2008 2:39pm
Quoting vinesh2
I don't think praying is going to help anymore. This pair just doesn't have any trend left 400 pips up 400 pips down that's just whipsaw those are the kind of days we have to deal with now. Just when you become patient and things start to look bright it reverses and now you are stuck with stupid positions and are left pondering.
Don't open multiple positions at one time, it seems you are a bit aggressive in trading.

400 up n down is no problem, it's been sweet.. make sure you use a SL and move into profit, lock em in and don't wait for 1,000 pips

You need to change your game plan vinesh, I know you can do it.
Trade what you see, not what you think.
  • #91,185
  • Jun 9, 2008 2:49pm Jun 9, 2008 2:49pm
Thanks K man I appreciate it. By the way am I seeing Divergence on MACD on Daily for GJ?
  • #91,186
  • Jun 9, 2008 2:58pm Jun 9, 2008 2:58pm
Quoting vinesh2
... This pair just doesn't have any trend left...
If the trend is my friend, then I have no friends.
FUBAR...
  • #91,187
  • Jun 9, 2008 3:01pm Jun 9, 2008 3:01pm
Quoting ukvipersden
evening pip makers
good evening UK
The Chonchy
  • #91,188
  • Jun 9, 2008 3:03pm Jun 9, 2008 3:03pm
Well. in this market where there is no trend no one is your freind except for luck. Seems like tecnhincal indicators can be thrown out of the window in this market and all you have to do is listen to BS news and trading on that.
  • #91,189
  • Jun 9, 2008 3:06pm Jun 9, 2008 3:06pm
Market being manipulated by Fed speak

Better off to day trade than swing trade in conditions like these i think

YM was an insane day .. OVER 700 POINT MOVEMENT

EURCAD I lost 100 pips this morning then went long made 40 back , then went short and made 140 ....all in all a CRAZY DAY

GJ seems to be fairly steady in a 100 point range .... the break out of 210 will lead to 213.

The drop in oil is what is holding the markets form dropping like a rock . The comments on oil seem to come on a VERY APPROPRIATE DAY ...lol.... give me a M ... give me an A , give me a N .. .lol I will let you finish the rest
Blogging daily now at www.volume.zone
  • #91,190
  • Jun 9, 2008 3:06pm Jun 9, 2008 3:06pm
Picked up good deals i think, AUD/USD .9490, and AUD/JPY 100.90
  • #91,191
  • Jun 9, 2008 3:08pm Jun 9, 2008 3:08pm
Short UJ from 6.30 with an oh so tight SL. I'm either getting a great entry, or falling on my sword...

At least there's no emotion in this trade, it's all been burned out of me... Stopped out, make a few hundred pips, all the same - who cares?

I'm going to mow the lawn and then go long ice cream.
See you guys later.
FUBAR...
  • #91,192
  • Jun 9, 2008 3:09pm Jun 9, 2008 3:09pm
Quoting ak4x
Short UJ from 6.30 with an oh so tight SL. I'm either getting a great entry, or falling on my sword...

At least there's no emotion in this trade, it's all been burned out of me... Stopped out, make a few hundred pips, all the same - who cares?

I'm going to mow the lawn and then go long ice cream.
See you guys later.
I am going long ice cream as well and then short bikinis at the beach .....lol
Blogging daily now at www.volume.zone
  • #91,193
  • Jun 9, 2008 3:10pm Jun 9, 2008 3:10pm
Quoting ak4x
Short UJ from 6.30 with an oh so tight SL. I'm either getting a great entry, or falling on my sword...

At least there's no emotion in this trade, it's all been burned out of me... Stopped out, make a few hundred pips, all the same - who cares?

I'm going to mow the lawn and then go long ice cream.
See you guys later.
Well, it shouldn't go past 106.8, then fall down again, in my opinion, but it is in an uptrend for now
  • #91,194
  • Jun 9, 2008 3:12pm Jun 9, 2008 3:12pm
Quoting malcolmb14
Market being manipulated by Fed speak

Better off to day trade than swing trade in conditions like these i think

YM was an insane day .. OVER 700 POINT MOVEMENT

EURCAD I lost 100 pips this morning then went long made 40 back , then went short and made 140 ....all in all a CRAZY DAY

GJ seems to be fairly steady in a 100 point range .... the break out of 210 will lead to 213.

The drop in oil is what is holding the markets form dropping like a rock . The comments on oil seem to come on a VERY APPROPRIATE DAY ...lol.... give me a M ... give me an A , give me a N .. .lol I will let you finish the rest
I think a U, R and E complete this statement...
Patience + Discipline - Greed = Success
  • #91,195
  • Jun 9, 2008 3:13pm Jun 9, 2008 3:13pm
Quoting Infinity
I think a U, R and E complete this statement...
funny
Blogging daily now at www.volume.zone
  • #91,196
  • Jun 9, 2008 3:21pm Jun 9, 2008 3:21pm
Quoting gene22
This upmove should not surpass 210.30 (closingwize on a daily bases), this should be the last high seen for the next several months. If that level is surpassed, we would see at least 219 fast, while not out of the question, with the VIX index picking up steam and the situation in the dow inmo that would be highly unlikelly, risk aversion should kick in as soon as 12000 is breached on the dow and accelerate once the march lows are surpassed.

I'm mostly a lurker on this thread and enjoy following it. I agree with Gene22 in that we may see close to 219.00. Many will rofl but I have an upper target of 218.90 that must complete before the bottom falls out of GJ for the big ride.
  • #91,197
  • Jun 9, 2008 3:24pm Jun 9, 2008 3:24pm
I think GBP wants to close high and then drop a litter at 7.05 good news will make her go up again and give me a margin call, oh well at least i know where is going
The Chonchy
  • #91,198
  • Jun 9, 2008 3:24pm Jun 9, 2008 3:24pm
Time to release my nuclear bombs ..

  • #91,199
  • Jun 9, 2008 3:26pm Jun 9, 2008 3:26pm
Quoting gene22
This upmove should not surpass 210.30 (closingwize on a daily bases), this should be the last high seen for the next several months. If that level is surpassed, we would see at least 219 fast, while not out of the question, with the VIX index picking up steam and the situation in the dow inmo that would be highly unlikelly, risk aversion should kick in as soon as 12000 is breached on the dow and accelerate once the march lows are surpassed.

you would have thought so ... but gj is not doing anything it is supposed to do . I think the only way carry trades unwind is if we break 11600 on DJ
Blogging daily now at www.volume.zone
  • #91,200
  • Jun 9, 2008 3:26pm Jun 9, 2008 3:26pm
Too expensive for me
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