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

  • #114,301
  • Sep 16, 2008 11:39am Sep 16, 2008 11:39am
what the fook is going on ?
4X is the biggest casino in the world...Open 24h Monday to Friday.
  • #114,302
  • Sep 16, 2008 11:40am Sep 16, 2008 11:40am
Fed may loan AIG
  • #114,303
  • Sep 16, 2008 11:40am Sep 16, 2008 11:40am
192 here we come. Dont be left off the bandwagon.
  • #114,304
  • Sep 16, 2008 11:40am Sep 16, 2008 11:40am
that waz a quick trade out for 40 pips

hmmm...oh baby
  • #114,305
  • Sep 16, 2008 11:41am Sep 16, 2008 11:41am
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 11:41am Sep 16, 2008 11:41am
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 11:42am Sep 16, 2008 11:42am
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 11:43am Sep 16, 2008 11:43am
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 11:43am Sep 16, 2008 11:43am
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 11:45am Sep 16, 2008 11:45am
[
  • #114,311
  • Sep 16, 2008 11:45am Sep 16, 2008 11:45am
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 11:47am Sep 16, 2008 11:47am
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 11:48am Sep 16, 2008 11:48am
So much bluffing...market manipulation



I guess long is back...

[
  • #114,314
  • Sep 16, 2008 11:49am Sep 16, 2008 11:49am
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 11:49am Sep 16, 2008 11:49am
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 11:50am Sep 16, 2008 11:50am
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 11:50am Sep 16, 2008 11:50am
so is that the definition of a bear trap???
--post hoc ergo propter hoc--
  • #114,318
  • Sep 16, 2008 11:51am Sep 16, 2008 11:51am
so who's short ?
Nihil Sine Deo.
  • #114,319
  • Sep 16, 2008 11:51am Sep 16, 2008 11:51am
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 11:51am Sep 16, 2008 11:51am
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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