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

  • #92,901
  • Jun 12, 2008 11:11am Jun 12, 2008 11:11am
Quoting ovaforty
We, as traders dont care which side wins this battle. We just exploit it.
INDEED !!! that's the name of the game . just ride it as long as u can...
  • #92,902
  • Jun 12, 2008 11:17am Jun 12, 2008 11:17am
Quoting ak4x
Hey bro, was thinkin of you last night... . On to the next one tho, right? Pip Pip and Away!!... all that kind of thing.
Patience + Discipline - Greed = Success
  • #92,903
  • Jun 12, 2008 11:25am Jun 12, 2008 11:25am
Quoting ovaforty
211 on geppy is strong resistance. It takes multiple attempts to break strong support/resistance. It will be broken eventually. Each attempt upward is absorbing the sell orders of those bears who are defending their positions. Sooner or later one side will give up. We, as traders dont care which side wins this battle. We just exploit it.
Opposite view. There may be no buy orders at this level either. Almost 70 hours and cannot climb higher.
  • #92,904
  • Jun 12, 2008 11:29am Jun 12, 2008 11:29am
Quoting ak4x
Price was 106.40ish at the time



And now 2 and 1/2 days later, here we are at 108. Clouds, you da man.

Here's an 8hr UJ chart to peruse. The only question now I think, is the usual end of week action... will it break higher yet or retrace before friday close, or wait till next week?

For sure we're at strong resistance with no retracement yet in a market where all our heads are doing the 360 swivel thing. I'm thinking retracement first, and hoping someone will just knock me in the head with a hammer to fix that "thinking" problem I have...

Gotta leave for the weekend, so won't be back unless I find internet access. Careful trades all...
LOL - and I'm usually the POET - hell you're starting a whole new Poets Society - can I join too?.......enjoy..........http://www.forexfactory.com/images/icons/icon10.gif
Trading Levels with WRBs
  • #92,905
  • Jun 12, 2008 11:29am Jun 12, 2008 11:29am
Quoting Rustyyy
Opposite view. There may be no buy orders at this level either. Almost 70 hours and cannot climb higher.


66 hours :nerd:
  • #92,906
  • Jun 12, 2008 11:30am Jun 12, 2008 11:30am
i think after G8 this wkend, yen will strengthen

they juts wanted a weak yen this weekend so visitors could get cheap hotel, food, hos and stuff

back to business on monday..
  • #92,907
  • Jun 12, 2008 11:35am Jun 12, 2008 11:35am
Quoting RonPaul2008
i think after G8 this wkend, yen will strengthen

they juts wanted a weak yen this weekend so visitors could get cheap hotel, food, hos and stuff

back to business on monday..
yep, those greedy politicians
  • #92,908
  • Jun 12, 2008 11:35am Jun 12, 2008 11:35am
There is no day like today for the JPY to fall rather hard, I would think. EU is at strong support 5390, and should cause dollar selling...
  • #92,909
  • Jun 12, 2008 11:37am Jun 12, 2008 11:37am
just wondering, if we combine all retail trader accounts, would it be as big as 1 major hedge fund?
  • #92,910
  • Jun 12, 2008 11:40am Jun 12, 2008 11:40am
Quoting Rustyyy
Opposite view. There may be no buy orders at this level either. Almost 70 hours and cannot climb higher.
Of course. What fool buys at that level? They are buying hard at 209ish.
  • #92,911
  • Jun 12, 2008 11:40am Jun 12, 2008 11:40am
Quoting ukvipersden
evening pip makers

...dead-cat

http://www.depression2.tv/images/s-deadcat.gif
yep, that cat has lost another life: Oil up also
  • #92,912
  • Jun 12, 2008 11:40am Jun 12, 2008 11:40am
Now, I can see the co-relation between Geppy and Dow. When Dow is down buy Geppy, Dow is up sell Geppy ..
  • #92,913
  • Jun 12, 2008 11:40am Jun 12, 2008 11:40am
will hold any shorts I have thru the weekend,,,,,,,meeting will have an inpact,,,,I dont think they will tell Japan to lower rates..........It is cause of them financial market is this way,,,,,,,,,,time to tell them that the Japanese Yen garage sale is over...............
  • #92,914
  • Jun 12, 2008 11:41am Jun 12, 2008 11:41am
Quoting lilmoe
just wondering, if we combine all retail trader accounts, would it be as big as 1 major hedge fund?
Everyone in the world maybe all the ones in this thread I don't think so
  • #92,915
  • Jun 12, 2008 11:45am Jun 12, 2008 11:45am
If we close above the DP today it would be the first time since February that we had a close at this level. My DP is 209.91. If thats turns out to be the case I would be looking to buy. GJ
  • #92,916
  • Jun 12, 2008 11:46am Jun 12, 2008 11:46am
Quoting mktjong
Now, I can see the co-relation between Geppy and Dow. When Dow is down buy Geppy, Dow is up sell Geppy ..
...and buy oil - regardless
Gazprom say $250 in 2009 Nothing to worry about
  • #92,917
  • Jun 12, 2008 11:47am Jun 12, 2008 11:47am
I believe in recent days it is great idea...
Quoting mktjong
Now, I can see the co-relation between Geppy and Dow. When Dow is down buy Geppy, Dow is up sell Geppy ..
  • #92,918
  • Jun 12, 2008 11:51am Jun 12, 2008 11:51am
And then Abramovic will buy Manchester, Arsenal, Everton, Liverpool, so he can win Champions League....finally...

Quoting ukvipersden
...and buy oil - regardless
Gazprom say $250 in 2009 Nothing to worry about
  • #92,919
  • Jun 12, 2008 12:01pm Jun 12, 2008 12:01pm
Try to use logic in your trading. Why sell against an uptrend? Geppy has a large spread and large negative swap for a short position.


Try to find out why Geppy is doing what she is doing. There are a shitload of sell orders sitting at resistance. Each attempt at breaking this resistance absorbs some of them. Unless bears are constantly replenishing them, they will get used up. Look at what happened at 209. It got hammered by the bears defending it on the first 2 attempts on the rise from 192. Each new attempt at breaking 211 also places a buy at 209 area. Bulls are consolidating a base to push up from, and Bears are defending 211 mightily. This will continue until one side gets overrun. It is trench warfare. Each side attacking and counter attacking. This consolidation could last a long time.

The short term trend is up, after a massive carry trade bail out. That uptrend lasted for years. This pair moves downward much faster than it does upward, because of the big swap. The bulls are setting positions at each level of support and collecting a nice daily interest. Why fight it?
  • #92,920
  • Jun 12, 2008 12:03pm Jun 12, 2008 12:03pm
Quoting Evilgoat
Everyone in the world maybe all the ones in this thread I don't think so

then i think we need to stop thinking that they give a crap about what we do.
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