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

  • #111,101
  • Sep 7, 2008 3:29pm Sep 7, 2008 3:29pm
Quoting malcolmb14
do not forget to move stop up to lock in some profits .. mine right now is at +300

this gives it loads of breathing room to retrace a little and if it reverses all together then I still make 300 pips

I am thinking 196 , but need to see how this daily closes
I think it might stop @193.6o area ..or at least taking a breath after all this huge gap.. let's see..
  • #111,102
  • Sep 7, 2008 3:33pm Sep 7, 2008 3:33pm
Quoting mktjong
I think it might stop @193.6o area ..or at least taking a breath after all this huge gap.. let's see..
or another 300 pips up as 80% of the market was short and there will be a massive rally as shorts try to close once all platforms open
Blogging daily now at www.volume.zone
  • #111,103
  • Sep 7, 2008 3:37pm Sep 7, 2008 3:37pm
I am basing my comments purely on market physcology and trader sentiment. Traders are a greedy bunch and they have dropped the price as much as they could in a very short ammount of time. They have induced all lower level shorts and have killed all the stops for long term long position holders. Now they will rise the market slowly making the traders take position at different EMA's and support and resistence points. ONce they finish they will pop the market up the same way they did on their way down this way they can earn both ways and steal money from all the small traders.
  • #111,104
  • Sep 7, 2008 3:37pm Sep 7, 2008 3:37pm
Quoting malcolmb14
or another 300 pips up as 80% of the market was short and there will be a massive rally as shorts try to close once all platforms open
It could be.. this is a very interesting scenario .. as u said, once market opens all shorts get busted creating a virtual massive long position :-)
But it could also be what is left on short postions are tiny retail traders only .. nothing compares to big sharks which have already gone long ..
  • #111,105
  • Sep 7, 2008 3:39pm Sep 7, 2008 3:39pm
We will go down later, the day is still very young.
  • #111,106
  • Sep 7, 2008 3:40pm Sep 7, 2008 3:40pm
Quoting vinesh2
I am basing my comments purely on market physcology and trader sentiment. Traders are a greedy bunch and they have dropped the price as much as they could in a very short ammount of time. They have induced all lower level shorts and have killed all the stops for long term long position holders. Now they will rise the market slowly making the traders take position at different EMA's and support and resistence points. ONce they finish they will pop the market up the same way they did on their way down this way they can earn both ways and steal money from all the small traders.

this is exactly how it works ..... how do you think I knew when to look for longs ? and now even if they do dump the market on me I have 300 pips ...

now where is 4x bulls**ter and his 2 yards ?

I knew when he was still shorting I should be going long
Blogging daily now at www.volume.zone
  • #111,107
  • Sep 7, 2008 3:44pm Sep 7, 2008 3:44pm
What yards is everyone talking about these days ?
  • #111,108
  • Sep 7, 2008 3:48pm Sep 7, 2008 3:48pm
Quoting muzicmasti
price right now is at 192.97 huge gap.
Price at 192.xx , said who.. my platform showing 189.05 last Friday's close..can some one please verify. Thanks..
Markets are not Random, they are designed!
  • #111,109
  • Sep 7, 2008 3:48pm Sep 7, 2008 3:48pm
Quoting malcolmb14
well how many people are still holding shorts from 187 ???

smells like one big fat bear trap to me

once you see on news wires about hedge fund liquidating and illquidity on this move up in the gj it has to make you stop to wonder ... why are they telling us this ? also volume spread analysis said this was on low volume ... well of course it was they are hiding ..lol.... the buyers will come in full force next week.

why is easy cause hedge funds have told the media and the media report it so that they can BUY at lower prices.

this is where the greed part of fear and greed comes in ... those that did not take profit and are still holding on may be in trouble..... good luck ..

if we do not gap down Sunday we may see 192.24 next week ....

this may also just be a stop hunt .. do you think it is odd that price stopped at 190.28 ? no not really .. the extra .28 just to make sure they hit those stops at .25 above 190.

Sunday should prove interesting
just rubbing the crystal ball to see what we are doing next lol


was this post just a good guess ...???

NO it was because when you understand the way the markets THEN YOU CAN PLAY THE GAME ALONG SIDE THE BIOG PLAYER
Blogging daily now at www.volume.zone
  • #111,110
  • Sep 7, 2008 3:48pm Sep 7, 2008 3:48pm
Quoting malcolmb14
or another 300 pips up as 80% of the market was short and there will be a massive rally as shorts try to close once all platforms open
~196 is the descending 4hr tl. Might be a good price to sell.
  • #111,111
  • Sep 7, 2008 3:49pm Sep 7, 2008 3:49pm
Quoting Raza
Price at 192.xx , said who.. my platform showing 189.05 last Friday's close..can some one please verify. Thanks..
193.34 right now
Blogging daily now at www.volume.zone
  • #111,112
  • Sep 7, 2008 3:52pm Sep 7, 2008 3:52pm
Quoting Raza
Price at 192.xx , said who.. my platform showing 189.05 last Friday's close..can some one please verify. Thanks..
My Oanda Demo has been open for awhile.... it is currently at 193.38

I will be instantly stopped out when IBFX opens...
  • #111,113
  • Sep 7, 2008 3:53pm Sep 7, 2008 3:53pm
Quoting malcolmb14
193.34 right now
DON't GET IT. Market is not open yet.. How you guys have these #'s?????weird.....
Markets are not Random, they are designed!
  • #111,114
  • Sep 7, 2008 3:54pm Sep 7, 2008 3:54pm
Quoting uncleforex
We will go down later, the day is still very young.
i'm not sure if that will happen any time soon though.
  • #111,115
  • Sep 7, 2008 3:54pm Sep 7, 2008 3:54pm
Quoting Raza
DON't GET IT. Market is not open yet.. How you guys have these #'s?????weird.....
oanda is 24 hours .. forex trades 24 hour ... charts are up already

free mt4 platforms are free for a reason ... not so good
Blogging daily now at www.volume.zone
  • #111,116
  • Sep 7, 2008 3:55pm Sep 7, 2008 3:55pm
Quoting Raza
DON't GET IT. Market is not open yet.. How you guys have these #'s?????weird.....
Well now I see it going up... This sucks...
Markets are not Random, they are designed!
  • #111,117
  • Sep 7, 2008 3:57pm Sep 7, 2008 3:57pm
Quoting Raza
Price at 192.xx , said who.. my platform showing 189.05 last Friday's close..can some one please verify. Thanks..
depending on which broker you use. oanda opens earlier than the mt4, allowing trade, but have to eat up 20+ pips spread.
  • #111,118
  • Sep 7, 2008 3:57pm Sep 7, 2008 3:57pm
Quoting malcolmb14
oanda is 24 hours .. forex trades 24 hour ... charts are up already

free mt4 platforms are free for a reason ... not so good
It is 4 more minutes .. if the market opens after 10 minutes still not making higher high .. I would be thinking short .. :-)
  • #111,119
  • Sep 7, 2008 3:57pm Sep 7, 2008 3:57pm
Quoting Raza
Well now I see it going up... This sucks...
Ihave VT Trader platform..
Markets are not Random, they are designed!
  • #111,120
  • Sep 7, 2008 3:59pm Sep 7, 2008 3:59pm
Quoting mktjong
It is 4 more minutes .. if the market opens after 10 minutes still not making higher high .. I would be thinking short .. :-)
I agree... shorts.. it already has retraced 100% fib on 30M.
Markets are not Random, they are designed!
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