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

  • #109,321
  • Aug 31, 2008 4:47pm Aug 31, 2008 4:47pm
Already closed my 2 overnite positions (GY and UY) with 150pips, I am waiting for London Retrace Session. Good luck everyone!
  • #109,322
  • Aug 31, 2008 4:47pm Aug 31, 2008 4:47pm
Quoting malcolmb14
long 196.15 .. .wish me luck lol
I guess you watching this TL?
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Buying Tops, Selling dips xP
  • #109,323
  • Aug 31, 2008 4:48pm Aug 31, 2008 4:48pm
do you think the big players want to sell down here on the drop??? of course not .....

they will push the market UP under low volume to get sellers to take profit then get into a sell at a better price higher up . .....

that is the way the market works....

and if the market crumbles then they may step aside so yes this is a high risk trade
Blogging daily now at www.volume.zone
  • #109,324
  • Aug 31, 2008 4:48pm Aug 31, 2008 4:48pm
Quoting malcolmb14
drop is to big ..designed to suck in the retail bears I think ...... if 196 gives way I am out
U think it should continue down? I think it should, the problem is that when so big candles apear in a gap form, it usually retraces. what you think.
The market can stay irrational, longer than you can stay solvent.
  • #109,325
  • Aug 31, 2008 4:49pm Aug 31, 2008 4:49pm
Quoting malcolmb14
drop is to big ..designed to suck in the retail bears I think ...... if 196 gives way I am out
I am with you on that one - long also.
Historically data supports retrace.
History is written by the victors.
  • #109,326
  • Aug 31, 2008 4:49pm Aug 31, 2008 4:49pm
Quoting malcolmb14
drop is to big ..designed to suck in the retail bears I think ...... if 196 gives way I am out
Watch the FALL on EY Malc.. H&S on 4H + Break the monthly TL

CHART:

http://www.doske.com/Charts/ES-102.png
  • #109,327
  • Aug 31, 2008 4:50pm Aug 31, 2008 4:50pm
Quoting vifer
long?

hum...Dangerous!!

the Drop smeels big...

Olá choppy...
Qual o teu palpite para esta queda? ate onde?
Im targeting 192 in the near term Vifer...I think 182 by Spring...maybe even this year..by the way my Potuguese is pretty rusty. I learned it from my Brazilian girlfriend about ten years ago.
Illegitimi Non Carborundum
  • #109,328
  • Aug 31, 2008 4:55pm Aug 31, 2008 4:55pm
This is all related to Hurricane Gustav. I expect we will be in a holding pattern until we see what happens. It looks like it may not be as bad as everyone thought 24 hours ago. If so, we will see a big rebound.
  • #109,329
  • Aug 31, 2008 4:57pm Aug 31, 2008 4:57pm
Quoting bmvmx
U think it should continue down? I think it should, the problem is that when so big candles apear in a gap form, it usually retraces. what you think.

I would not chase this down . I would wait for the retrace . if there is not one then wait for next bear flag to form then get in the short.

I hate chasing stuff down ... specially premarket .. put it this way ... the time the move form 200 to 215 happened it started EXACTLY LIKE this with a 200 pip drop for no real reason .....
Blogging daily now at www.volume.zone
  • #109,330
  • Aug 31, 2008 4:58pm Aug 31, 2008 4:58pm
Quoting malcolmb14
do you think the big players want to sell down here on the drop??? of course not .....

they will push the market UP under low volume to get sellers to take profit then get into a sell at a better price higher up . .....

that is the way the market works....

and if the market crumbles then they may step aside so yes this is a high risk trade
that's what i'm waiting for too. to add more shorts at the better price.
  • #109,331
  • Aug 31, 2008 4:59pm Aug 31, 2008 4:59pm
thnks choopy...

No problem with language, i need practice inglish anyway...

be in profits...
''Art is making something out of nothing and selling it'' Frank Zappa
  • #109,332
  • Aug 31, 2008 5:01pm Aug 31, 2008 5:01pm
Quoting Piters
Watch the FALL on EY Malc.. H&S on 4H + Break the monthly TL

CHART:

http://www.doske.com/Charts/ES-102.png

I have been following this one down , do not like the fact that rsi is so oversold right now on 60 min chart ... would need major move down in usdjpy , as there is a bullish inverse head and shoulders on the EU 4 hr right now.
Blogging daily now at www.volume.zone
  • #109,333
  • Aug 31, 2008 5:03pm Aug 31, 2008 5:03pm
Quoting metlife777
no, from 207.12 GJ will move up to 221 area IMHO; just few hours left to start the rally
bye bye 221.
  • #109,334
  • Aug 31, 2008 5:03pm Aug 31, 2008 5:03pm
What the heck just happened? OMG what a drop.
  • #109,335
  • Aug 31, 2008 5:04pm Aug 31, 2008 5:04pm
not that big, but still a rebound.


Quoting markam
This is all related to Hurricane Gustav. I expect we will be in a holding pattern until we see what happens. It looks like it may not be as bad as everyone thought 24 hours ago. If so, we will see a big rebound.
Nihil Sine Deo.
  • #109,336
  • Aug 31, 2008 5:05pm Aug 31, 2008 5:05pm
Quoting vifer
thnks choopy...

No problem with language, i need practice inglish anyway...

be in profits...
Im sempre o prazer de experimentar o meu português também. Posso compreender que geralmente, por escrito.

Many Pips too you
Illegitimi Non Carborundum
  • #109,337
  • Aug 31, 2008 5:06pm Aug 31, 2008 5:06pm
Quoting malcolmb14
I have been following this one down , do not like the fact that rsi is so oversold right now on 60 min chart ... would need major move down in usdjpy , as there is a bullish inverse head and shoulders on the EU 4 hr right now.
With this H&S we should be right on the monthly TL @ 155.00 area, Can we Break it? I don''t know.. but IF WE... hmmm then THAT is a HUGE....
(Thanks to Lilmoe... he worned me on Monthly TL)

Chart Weekly:

http://www.doske.com/Charts/ES-103.png
  • #109,338
  • Aug 31, 2008 5:06pm Aug 31, 2008 5:06pm
Quoting Scrat
not that big, but still a rebound.
Scrat, what number are you targeting for today.
The market can stay irrational, longer than you can stay solvent.
  • #109,339
  • Aug 31, 2008 5:09pm Aug 31, 2008 5:09pm

First using Fine 205.00 ~ ~ 23.6 see that the fall limited to the zero point is not yet clear this path (I'm selling), which I mean that the bears are not out and our indicators are still waiting, but remember that if this limit or break this week not guanhe strength in 200.00. see 199.00 ~ ~ 150.00 ... then someone vai ask why, imagine that my shadow told me.

aop
  • #109,340
  • Aug 31, 2008 5:12pm Aug 31, 2008 5:12pm
Quoting Scrat
not that big, but still a rebound.
The market reaction has been fairly subdued (oil should have spiked $10/barrel Friday), so I expect a big bullish reaction when they think it isn't so bad.

Of course, as the damage estimates come in (and they will be bad) on oil and gas production in the gulf, you will see reality slowly creep back in.

Of course, if Gustav strengthens, or if the LOOP is badly damaged, or if a major refinery is badly damaged, we could easily see an overeaction to the down side.
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