Never underestimate the Thanksgiving day move .. :-)
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #143,982
- Nov 27, 2008 10:05am Nov 27, 2008 10:05am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
You rock .. Moe ..
- #143,983
- Nov 27, 2008 10:11am Nov 27, 2008 10:11am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
First 2 bounces from gann, next 2 from 50 ema [5min]
and now 60pips and more...
nice trade Piters.. thanks
http://www.doske.com/fx/snapshot-269.png
Edit: yes, agreed, a nice entry.....
Trading Levels with WRBs
- #143,986
- Nov 27, 2008 10:15am Nov 27, 2008 10:15am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
- #143,987
- Nov 27, 2008 10:26am Nov 27, 2008 10:26am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
I took a short on Cable @1.5426 .. and already closed too .. looks like it's a ping pong game today .. 
- #143,988
- Nov 27, 2008 10:34am Nov 27, 2008 10:34am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
"Titus has exceeded their stored private messages quota and can not accept further messages until they clear some space."
...lol
- #143,991
- Nov 27, 2008 10:40am Nov 27, 2008 10:40am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
"Titus has exceeded their stored private messages quota and can not accept further messages until they clear some space."
- #143,993
- Nov 27, 2008 11:16am Nov 27, 2008 11:16am
- Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts
any body here?
Before Forex I was tall, and clean shaven. Now I am an Ewok.
- #143,994
- Nov 27, 2008 11:19am Nov 27, 2008 11:19am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
any body here?
but look at this...
Patience + Discipline - Greed = Success
- #143,995
- Nov 27, 2008 11:31am Nov 27, 2008 11:31am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
NO...
but look at this...
Happy Thanksgiving day to all who celebrate ...
I would see in London session ..
- #143,996
- Nov 27, 2008 11:44am Nov 27, 2008 11:44am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
- #143,997
- Nov 27, 2008 11:51am Nov 27, 2008 11:51am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Hi bro .. nice to see u again here ..
Happy Thanksgiving day to all who celebrate ...
I would see in London session ..
Patience + Discipline - Greed = Success
- #143,998
- Nov 27, 2008 12:14pm Nov 27, 2008 12:14pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
NO...
but look at this...
I saw weakness coming in to the YM ( dj futures ) Tues / wed in the form of reducing volume on up bars ( possible no demand). I will be looking for possible market reversal back down into 7500 next week.
If this happens the usd could get a little stronger as money is moved out of equities into bonds.
1.55 was my interim target gbpusd ... that was met this week, GJ could not seem to get above that 38 % fib retrace of 148 ish (not also it is a trendline), and in strong down trends retracements are only to 38 %. I would have thought they would have manipulated price higher in this low liquidity time.
If we get failure here could be the final test of 139 and the break down that we have all been mentioning down into the 78.6 of the 1-2-3 sell formation at 127ish
On seeing this pattern starting to play out I went flat and took my swing trade long off the table today.
I may be establishing a swing trade sell position next week , depending how the beginning of the week unfolds. The auto makers news on dec 3rd could be the turning point of the market back down to the downside
Blogging daily now at www.volume.zone
- #143,999
- Nov 27, 2008 12:34pm Nov 27, 2008 12:34pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
volume again. i found this on cme group website. no charts, but at least some free data: number of contracts for the day, notional volume... see the attached photo.
volume of one broker alone does mean pretty much nothing. i have compared that and have had pretty different results across brokerages, so take care.
don't forget, most of the brokerages with mt4 are just bucketshops which are not use by the big players. so the volume reported comes from the trades which retail traders placed at this single broker. and as we know, 90% of traders los
sent im godfrey
Nihil Sine Deo.
- #144,000
- Nov 27, 2008 1:37pm Nov 27, 2008 1:37pm
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
I've closed half of my long position from 146.70 for +11 pips ... rest at b/e 
great market ...
great market ...
Discipline + Patience - Fear - Greed = Success