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

  • #114,281
  • Sep 16, 2008 1:24pm Sep 16, 2008 1:24pm
Quoting malcolmb14
one way to blow up and account .... lucky trade ....

trading into news like this

Well, most of it is luck in a way. I had a sell set 20 pips down. I felt it would go down with it holding at 2% and more if it was lowered 50 basis points. So call it what u will
  • #114,282
  • Sep 16, 2008 1:24pm Sep 16, 2008 1:24pm
when there are news, ALWAYS look for a divergence before hand, and trade with it, no matter what the news outcome is, it will work 90% of the time!

and in this case, that was a clear bearish HD
  • #114,283
  • Sep 16, 2008 1:24pm Sep 16, 2008 1:24pm
Quoting lilmoe
i believe shorting GJ right now isn't bad.
  • #114,284
  • Sep 16, 2008 1:25pm Sep 16, 2008 1:25pm
Quoting vinesh2
maclolmb so whats your comment on the not cut decision good for USD or bad?
seems neutral to me....
Blogging daily now at www.volume.zone
  • #114,285
  • Sep 16, 2008 1:26pm Sep 16, 2008 1:26pm
stop catching news spike, not more.

imho no rate changes could develop to eu/gu rallies.
  • #114,286
  • Sep 16, 2008 1:27pm Sep 16, 2008 1:27pm
Quoting gadawg
That was crazy imho
Crazy may be, but it wiped out my 200 pip negative and made some money because of the 5 lots
  • #114,287
  • Sep 16, 2008 1:28pm Sep 16, 2008 1:28pm
Great call lilmoe,

U/J is very bullish, watch out
Money & Pain Respect the market, protect your capital, be patient
  • #114,288
  • Sep 16, 2008 1:28pm Sep 16, 2008 1:28pm
i going short from 187.60 TP 177

I will hedge from 188.60

oh baby
  • #114,289
  • Sep 16, 2008 1:29pm Sep 16, 2008 1:29pm
Quoting vinesh2
maclolmb so whats your comment on the not cut decision good for USD or bad?
i am not malcomb - but i believe its good for the US - cutting rates is no solution to their problems - they need a stronger dollar to get out of this rut ... so from a longer term perspective its good that they arent cutting rates for now.
  • #114,290
  • Sep 16, 2008 1:29pm Sep 16, 2008 1:29pm
Quoting lilmoe
when there are news, ALWAYS look for a divergence before hand, and trade with it, no matter what the news outcome is, it will work 90% of the time!

and in this case, that was a clear bearish HD
surprised you took that risk on such a large news item

if you guys really want ot trade news spikes i will teach you how a day trader does it

wait for the initial sike ... if you open 10 pips lower than 1st 5 min spike go short .,

if as in this case the price reversed to half of the downcandle ( no more than half) take short ...in this case enntry was 187 for 50 pips ( safe pips )
as soon as price stalls get out.

now there is NO follow through of the spike down = bullish to me = no sellers ... so got to wait for this one to work out
Blogging daily now at www.volume.zone
  • #114,291
  • Sep 16, 2008 1:29pm Sep 16, 2008 1:29pm
Also JPY rate cut decision tonite...

[
  • #114,292
  • Sep 16, 2008 1:29pm Sep 16, 2008 1:29pm
Quoting malcolmb14
surprised you took that risk on such a large news item

if you guys really want ot trade news spikes i will teach you how a day trader does it

wait for the initial sike ... if you open 10 pips lower than 1st 5 min spike go short .,

if as in this case the price reversed to half of the downcandle ( no more than half) take short ...in this case enntry was 187 for 50 pips ( safe pips )
as soon as price stalls get out.

now there is NO follow through of the spike down = bullish to me = no sellers ... so got to wait for this one to work out

fyi long off 186.50 , stop at break even
Blogging daily now at www.volume.zone
  • #114,293
  • Sep 16, 2008 1:33pm Sep 16, 2008 1:33pm
the bear trap was set ....

that is what that spike was all about

moved stop to +50
Blogging daily now at www.volume.zone
  • #114,294
  • Sep 16, 2008 1:33pm Sep 16, 2008 1:33pm
Quoting malcolmb14
surprised you took that risk on such a large news item

if you guys really want ot trade news spikes i will teach you how a day trader does it

wait for the initial sike ... if you open 10 pips lower than 1st 5 min spike go short .,

if as in this case the price reversed to half of the downcandle ( no more than half) take short ...in this case enntry was 187 for 50 pips ( safe pips )
as soon as price stalls get out.

now there is NO follow through of the spike down = bullish to me = no sellers ... so got to wait for this one to work out
m30 and lower

there was a bearish hidden divergence on m30/m15
and a class bearish on 5m

all CCI30 and scrat's MACD adjustable
  • #114,295
  • Sep 16, 2008 1:34pm Sep 16, 2008 1:34pm
Quoting malcolmb14
the bear trap was set ....

that is what that spike was all about

moved stop to +50
bro, mine was a fast trade, took profit and ran with my life...
  • #114,296
  • Sep 16, 2008 1:37pm Sep 16, 2008 1:37pm
Hmm looks like they are taking their time to digest the news. We may see some action in the last 1hr of trading day
  • #114,297
  • Sep 16, 2008 1:37pm Sep 16, 2008 1:37pm
this thing is going to hell..baby

i'm adjusting my stop as it moves down
  • #114,298
  • Sep 16, 2008 1:38pm Sep 16, 2008 1:38pm
out for 50 .. short 187.05 on doji 5 min

this is wild lol
Blogging daily now at www.volume.zone
  • #114,299
  • Sep 16, 2008 1:38pm Sep 16, 2008 1:38pm
Quoting lilmoe
bro, mine was a fast trade, took profit and ran with my life...
  • #114,300
  • Sep 16, 2008 1:38pm Sep 16, 2008 1:38pm
Quoting malcolmb14
out for 50 .. short 187.05 on doji 5 min

this is wild lol
lol .. damn stopped out
Blogging daily now at www.volume.zone
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