"Millionaires don't use astrology, billionaires do"
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #105,161
- Aug 1, 2008 6:11am Aug 1, 2008 6:11am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
- #105,162
- Aug 1, 2008 6:26am Aug 1, 2008 6:26am
Why is it that the price seems stunned after the news? Do we have a direction as yet? Is it that traders are still trying to make sense of the news and don't know which way to go?
i think this is the behaviour of noise traders who dont know where to go ,and they are driving the price up and down till the big boys appear and eat them alive
I always knew that someday I would make it big
- #105,163
- Aug 1, 2008 6:35am Aug 1, 2008 6:35am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
i
i think this is the behaviour of noise traders who dont know where to go ,and they are driving the price up and down till the big boys appear and eat them alive
- #105,164
- Aug 1, 2008 6:45am Aug 1, 2008 6:45am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #105,165
- Aug 1, 2008 6:50am Aug 1, 2008 6:50am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
gepppy headed to 212.80 area shortly. . . givee it some time. . .
as always. 
- #105,166
- Aug 1, 2008 6:56am Aug 1, 2008 6:56am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
current monopoly trade DJ 11350 LONG TP 11541-11591 area
I can see it clearly, bearish continuation in the smaller time frames. check it so lets keep watching!!
I see bearish continuation pattern unless price closes above 1h gann hilo.
Bears are in control IMO for now.
- #105,169
- Aug 1, 2008 9:00am Aug 1, 2008 9:00am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
Flattened out all trades
resting orders
gopher short 2.0770
cable short 1.9961
euro short 1.5766
gopher longs 2.0496
have nice weekend all
resting orders
gopher short 2.0770
cable short 1.9961
euro short 1.5766
gopher longs 2.0496
have nice weekend all
"Millionaires don't use astrology, billionaires do"
- #105,170
- Aug 1, 2008 9:25am Aug 1, 2008 9:25am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #105,171
- Aug 1, 2008 9:26am Aug 1, 2008 9:26am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
boring and stupid....
i agree with malcomb... who needs forex
futures are the next big thing...
- #105,173
- Aug 1, 2008 9:48am Aug 1, 2008 9:48am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
made 100 pips on a short, gave back 25 pips on a long... made 109 on ym... and 96 pips on oil (after giving back some)...
i agree with malcomb... who needs forex
futures are the next big thing...
unless you trade gbpaud or gbpcad .....
these were both good movers this morning with moves of 120 pips each.
Traders in my room do not trade these pairs as most do not have them on their platforms... but I like them
The slightly higher spreads are worth the money
even YM is now stupid ... did 90 points this morning so cannot complain
Blogging daily now at www.volume.zone
- #105,174
- Aug 1, 2008 10:36am Aug 1, 2008 10:36am
descending triangle pattern is threatened to be unreliable after some kind of bullish force appeared which put the bears in danger .
notice the break of the triangle bearish continuation pattern in gbp/jpy.
notice the break of the triangle bearish continuation pattern in gbp/jpy.
I always knew that someday I would make it big
- #105,177
- Aug 1, 2008 3:53pm Aug 1, 2008 3:53pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
unless you trade gbpaud or gbpcad .....
these were both good movers this morning with moves of 120 pips each.
Traders in my room do not trade these pairs as most do not have them on their platforms... but I like them
The slightly higher spreads are worth the money
even YM is now stupid ... did 90 points this morning so cannot complain
they work like a charm on my system, but GBP/CAD was quite terrible the past month. gbp/aud was pretty good on the other hand.would like u to take a look at eur/aud. pretty nice pair
thanks for the advice bro.
have a nice weekend, everyone too
- #105,178
- Aug 1, 2008 4:04pm Aug 1, 2008 4:04pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
lilmoe
attention to weekly GJ ,we see a bearish pattern with high reliability
yes, we didn't get the reversal i thought we would today. that's very good for bears. next week should be a selling week, large scale. only confirmation i need is for CCI to open below the 100 line next week, and trust me, it's going to be massive because it would be the same confirmation we had back in may 1999, just like i mentioned last week.
here's the CCI/ 50ema pattern. and just like u said, this might be a good candlestick reversal pattern.
charts: old / new:
- #105,179
- Aug 2, 2008 12:24am Aug 2, 2008 12:24am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
