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

  • #114,301
  • Sep 16, 2008 1:39pm Sep 16, 2008 1:39pm
what the fook is going on ?
4X is the biggest casino in the world...Open 24h Monday to Friday.
  • #114,302
  • Sep 16, 2008 1:40pm Sep 16, 2008 1:40pm
Fed may loan AIG
  • #114,303
  • Sep 16, 2008 1:40pm Sep 16, 2008 1:40pm
192 here we come. Dont be left off the bandwagon.
  • #114,304
  • Sep 16, 2008 1:40pm Sep 16, 2008 1:40pm
that waz a quick trade out for 40 pips

hmmm...oh baby
  • #114,305
  • Sep 16, 2008 1:41pm Sep 16, 2008 1:41pm
err what was that 120 point spike in YM ???

this is bs market...lol
Blogging daily now at www.volume.zone
  • #114,306
  • Sep 16, 2008 1:41pm Sep 16, 2008 1:41pm
This isnt' bullish at all. I'm shorting the N/J and got my seatbelt on tight.
Patience + Humility + Study = Success
  • #114,307
  • Sep 16, 2008 1:42pm Sep 16, 2008 1:42pm
the market is not happy with the no rate cut..

above 188.70 is a possible long..

wait and see AIG news..

[
  • #114,308
  • Sep 16, 2008 1:43pm Sep 16, 2008 1:43pm
Economy is back on track US$ is the king. What a lot BS. FED keeps on printing and borrowing from tax payers. What do you think is going to happen to me and you we will have no money left and then they are going to raise tax's on. Govt dept is going to sky rocket. All BS market is controlled by the big player not the news. no matter what the news is market is going to be moved by big guys.
  • #114,309
  • Sep 16, 2008 1:43pm Sep 16, 2008 1:43pm
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

Well ... nice trade.
  • #114,310
  • Sep 16, 2008 1:45pm Sep 16, 2008 1:45pm
[
  • #114,311
  • Sep 16, 2008 1:45pm Sep 16, 2008 1:45pm
News created a nice 61.8 retrace to gather up more buyers. Now that we got a nice retrace, this bull can fully run again. 188.87 is 4H gann. Once broken, say hello to 300 pips more
  • #114,312
  • Sep 16, 2008 1:47pm Sep 16, 2008 1:47pm
Quoting gadawg
Well ... nice trade.
do not get me wrong... Lilmoe has much respect form me

but there was nothing nice about that trade...if you undersstand day trading and how the markets are manipulated you will understand that was a very classic bear trap .. very classic.


entering trade on some divergences before a news item like FOMC rates is gambling ..

no indicators hold up if news does not work in your direction ... 50/.50 chance and news spikes ... stops do not get filled .. been there done that

lilmoe has made so many pips recently he has some to lose and liekly was in with a small percent of his account

HAVE YOU ALL LOST YOUR MINDS...WHERE IS THE MONEY MANAGEMENT .. I DO NOT SEE ANY...lol
Blogging daily now at www.volume.zone
  • #114,313
  • Sep 16, 2008 1:48pm Sep 16, 2008 1:48pm
So much bluffing...market manipulation



I guess long is back...

[
  • #114,314
  • Sep 16, 2008 1:49pm Sep 16, 2008 1:49pm
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
Sounds like a plan, but probably not practical for a lot of metatrader brokers. IBFX, for example, went to 77 pips spread at one point.
  • #114,315
  • Sep 16, 2008 1:49pm Sep 16, 2008 1:49pm
gunning for 190.6 right now as long as 188.23 holds . I am long
Blogging daily now at www.volume.zone
  • #114,316
  • Sep 16, 2008 1:50pm Sep 16, 2008 1:50pm
Quoting malcolmb14
do not get me wrong... Lilmoe has much respect form me

but there was nothing nice about that trade...if you undersstand day trading and how the markets are manipulated you will understand that was a very classic bear trap .. very classic.


entering trade on some divergences before a news item like FOMC rates is gambling ..

no indicators hold up if news does not work in your direction ... 50/.50 chance and news spikes ... stops do not get filled .. been there done that

lilmoe has made so many pips recently he has some to lose and liekly was in with a small percent of his account

HAVE YOU ALL LOST YOUR MINDS...WHERE IS THE MONEY MANAGEMENT .. I DO NOT SEE ANY...lol

mate - nice comments - have been harping along the same lines here for a long tim e- there arent any takers - still i understand why you are compelled to warn - i do too and unfortunately ... we know the rest
  • #114,317
  • Sep 16, 2008 1:50pm Sep 16, 2008 1:50pm
so is that the definition of a bear trap???
--post hoc ergo propter hoc--
  • #114,318
  • Sep 16, 2008 1:51pm Sep 16, 2008 1:51pm
so who's short ?
Nihil Sine Deo.
  • #114,319
  • Sep 16, 2008 1:51pm Sep 16, 2008 1:51pm
Quoting GodfreyH
Sounds like a plan, but probably not practical for a lot of metatrader brokers. IBFX, for example, went to 77 pips spread at one point.
FXDD stayed at 8 pip spread throughout
The Only Constant Is Change!
  • #114,320
  • Sep 16, 2008 1:51pm Sep 16, 2008 1:51pm
Quoting rgitt05
So much bluffing...market manipulation



I guess long is back...

At least until price reaches the top of the 4H channel (currently around 192). Then I guess short could be back. That is if it doesn't blow thru the upper trendline.
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