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

  • #132,561
  • Nov 6, 2008 3:19am Nov 6, 2008 3:19am
Quoting sonicdeejay
it is considered transition/consolidation period...it can be reversal or continuation pattern...
*Reasonably tight SL will be my sincere suggestion...

Sonic
lets see

the up move was impulsive in GU ... great news out of the UK right ... NO

bad news out of the US ? NO

mark up by the pros as they want to sell at a higher price .. .YES ... aka manipulation
Blogging daily now at www.volume.zone
  • #132,562
  • Nov 6, 2008 3:22am Nov 6, 2008 3:22am
Quoting forter
Thanks.

motto of story ... never try buying a top ... if you miss the up move wait for a pull back for proper entry
Blogging daily now at www.volume.zone
  • #132,563
  • Nov 6, 2008 3:23am Nov 6, 2008 3:23am
Quoting malcolmb14
lets see

the up move was impulsive in GU ... great news out of the UK right ... NO

bad news out of the US ? NO

mark up by the pros as they want to sell at a higher price .. .YES ... aka manipulation
point noted..EJ still looks like a BULL FLAG in 15MTF??
thx for the insight...

Sonic
  • #132,564
  • Nov 6, 2008 3:35am Nov 6, 2008 3:35am
hello everyone.

lots of news data today, we might get some crazy action. i might not trade at all today, or maybe a few scalps. who knows.

would like to ask everyone to be careful with their trades.
  • #132,565
  • Nov 6, 2008 3:40am Nov 6, 2008 3:40am
Quoting lilmoe
hello everyone.

lots of news data today, we might get some crazy action. i might not trade at all today, or maybe a few scalps. who knows.

would like to ask everyone to be careful with their trades.
thanks Likewise, maybe you should reduce your leverage until your back on the horse again.
  • #132,566
  • Nov 6, 2008 3:42am Nov 6, 2008 3:42am
Quoting alearner
thanks Likewise, maybe you should reduce your leverage until your back on the horse again.
my main acc..is fixed leverage lik sh1t..i can't play punk all the time...


Sonic
  • #132,567
  • Nov 6, 2008 3:44am Nov 6, 2008 3:44am
Trade the chart is all I've got to say

No need to give me a lecture now malcolmb lol, thanks
Trade what you see, not what you think.
  • #132,568
  • Nov 6, 2008 3:44am Nov 6, 2008 3:44am
5m riding the 34ema up, Islander?
  • #132,569
  • Nov 6, 2008 3:46am Nov 6, 2008 3:46am
Quoting alearner
thanks Likewise, maybe you should reduce your leverage until your back on the horse again.
thanks

i'm ok with leverage, yesterday was just a bad day, loool
  • #132,570
  • Nov 6, 2008 3:54am Nov 6, 2008 3:54am
Just a little news and opinion from Bloomberg:

"The Bank of England's main rate is still the highest among the Group of Seven nations even as evidence mounts that the economy has sunk into a recession."

"The Bank of England, which participated in an emergency reduction with six other central banks last month, will probably cut its benchmark to 4 percent today, said 45 of the 60 economists in a Bloomberg News survey. Nine predict a cut of 1 percentage point and six said the bank will reduce by 75 basis points. The U.K.'s benchmark rate hasn't been cut by more than 50 basis points since 1993, when the U.K. Treasury set monetary policy."

"The Bank of England, founded in 1694 to finance King William III's war against France, has never cut its key rate below 2 percent, keeping it at that level through World War II."

"The European Central Bank will probably reduce its main rate by 50 basis points to 3.25 percent later today, said all but one of the 55 economists in a Bloomberg survey. The ECB's decision is due 45 minute after the Bank of England's."

"The U.K.'s economy will probably be the worst performer in the G-7 next year, with the European Commission forecasting a contraction of 1 percent. The euro-region will grow 0.1 percent, the U.S. will contract 0.5 percent and Japan will shrink 0.4 percent, the Nov. 3 predictions show."
  • #132,571
  • Nov 6, 2008 4:11am Nov 6, 2008 4:11am
Quoting karmostaji
1h QQE crossed up and a 1h candle closed above gann, another bullish sign

Price might retrace to 1h 5sma

Closed short for +83 pips (thank you Malcolmb)

Now long on 1h 5sma tight stop

+283 for the night, thanks again guys, clogger must sleep now
What's that smell?
  • #132,572
  • Nov 6, 2008 4:17am Nov 6, 2008 4:17am
Quoting jon clogger
Closed short for +83 pips (thank you Malcolmb)

Now long on 1h 5sma tight stop

+283 for the night, thanks again guys, clogger must sleep now
Long???

Sonic
  • #132,573
  • Nov 6, 2008 4:43am Nov 6, 2008 4:43am
hello guys
I recommend you read something else as this sentence is now concluded.
  • #132,574
  • Nov 6, 2008 4:44am Nov 6, 2008 4:44am
Quoting malcolmb14
forexlions indicators are showing reversal ... but what he does not realize is that most are looking at the lower trend line that we broke and have got to re-test

why the re-test .. well the pros will push it back up there so that any that wanted to sell at that level and missed the 1st bus can ctach the second one . This will push price down in a selling frenzy that will allow then to get rid of their shorts and to get into thier long position ..

something like that lol

Attachment
well I did get that trend change,
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  • #132,575
  • Nov 6, 2008 4:47am Nov 6, 2008 4:47am
Quoting sonicdeejay
Long???

Sonic
Apparantly the right call!
  • #132,576
  • Nov 6, 2008 4:57am Nov 6, 2008 4:57am
Quoting gillybabe
Apparantly the right call!

yea, if that "tight" stop was greater than 80 pip...
  • #132,577
  • Nov 6, 2008 4:59am Nov 6, 2008 4:59am
Quoting Obaidah
hello guys
what's up
  • #132,578
  • Nov 6, 2008 5:04am Nov 6, 2008 5:04am
Quoting lilmoe
what's up
legs are up lol! whats wrong with this market, there's no signal, chart is everwhere .. what about you?
I recommend you read something else as this sentence is now concluded.
  • #132,579
  • Nov 6, 2008 5:05am Nov 6, 2008 5:05am
gbp/usd 50 tick chart, breakout likely.
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  • #132,580
  • Nov 6, 2008 5:06am Nov 6, 2008 5:06am
Looks like 1H QQE just uncrossed back. Still no strong bullish confirmation i suppose.
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