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

  • #156,601
  • Jan 28, 2009 6:54pm Jan 28, 2009 6:54pm
Dont know how I pulled that off, but am short 10 lots at 128.70
Dr. C
  • #156,602
  • Jan 28, 2009 6:55pm Jan 28, 2009 6:55pm
Quoting malcolmb14
My little beady eyes are wathicng this flag form ...

all we need is a break of 128.60 and the sell button will be pressed for target 128.10

Attachment

I took this trade. nice call, and closed at 128.28..
I like your little beady eyes lol
  • #156,603
  • Jan 28, 2009 6:56pm Jan 28, 2009 6:56pm
ok
  • #156,604
  • Jan 28, 2009 6:59pm Jan 28, 2009 6:59pm
Quoting cvcamper
Dont know how I pulled that off, but am short 10 lots at 128.70

move stop to BE ... at least make sure you have no loss that way ...

DO NOT MOVE IT WHEN YOU HAVE DONE THAT BACK TO A NEGATIVE VALUE
Blogging daily now at www.volume.zone
  • #156,605
  • Jan 28, 2009 7:00pm Jan 28, 2009 7:00pm
Quoting cvcamper
Dont know how I pulled that off, but am short 10 lots at 128.70
we are on gann 1H, we may or may not bounce from here, just watch carefully
  • #156,606
  • Jan 28, 2009 7:01pm Jan 28, 2009 7:01pm
Quoting GodfreyH
Hi Bpatto, So let me get this straight. The indicator shows spread for your broker for each tick, and your broker has a continuously variable spread, unlike most mt4 brokers that use a fixed spread (except for newstime)?

Oh.. I also assume that your broker has fractional spreads, so that spreads under the zero line, would be like 1/2 a pip etc.
Reuters use an interbank feed, so each tick is actually a trade that has occured. The feed is made up from contributors, being many banks that are shifting their bid/ask prices, so there is no broker, and that is why the spread jumps around so much on the tick data.

Let me try to explain it. The easiest way for a market maker to move the market is to widen spreads, then contract them on the opposite side, just like a catapiller. So if buys are favoured widen the spread, leave the ask price alone, shorten the spread, widen the spread on the ask side, shorten the spread, etc...

Bit hard to get your head around, hope I explained it clear enough. Send me a PM if you want to know more.
{Some Profound Statement goes here}
  • #156,607
  • Jan 28, 2009 7:01pm Jan 28, 2009 7:01pm
very very high risk

long 128.25 , stop 20 pips


basing on 3 min close to daily pivot .. with rsi buy trigger


Attached Image (click to enlarge)
Click to Enlarge Name: ym108.png Size: 110 KB
Blogging daily now at www.volume.zone
  • #156,608
  • Jan 28, 2009 7:05pm Jan 28, 2009 7:05pm
I moved my SL to BE.... only problem is everytime Ive done that they have run it up to touch take mine then bring it back lol
Dr. C
  • #156,609
  • Jan 28, 2009 7:10pm Jan 28, 2009 7:10pm
out of sell ..

to many candles no buyers .... closed +4 .. better than loss
Blogging daily now at www.volume.zone
  • #156,610
  • Jan 28, 2009 7:16pm Jan 28, 2009 7:16pm
Can I ask why this clear break of the ascending trend line is not stimulating MASSIVE selling? Id love some of your guys input
Dr. C
  • #156,611
  • Jan 28, 2009 7:18pm Jan 28, 2009 7:18pm
Quoting malcolmb14
out of sell ..

to many candles no buyers .... closed +4 .. better than loss
ok. i am not going to scalp. but if we assume that the uptrend is done and a downtrend is coming. which is the best thing i can do to keep the position going as much as i can without taking profit yet.

is 1,35 achievable in a few days ? or this is just wishfull thinking.

Thanks
  • #156,612
  • Jan 28, 2009 7:18pm Jan 28, 2009 7:18pm
Quoting bpatto
Reuters use an interbank feed, so each tick is actually a trade that has occured....
Interesting, thanks for that info! I figured it would be beyond the capability of mt4 and I can see that really an Interbank feed would be required. Just like contributed volume.
  • #156,613
  • Jan 28, 2009 7:22pm Jan 28, 2009 7:22pm
Cable fibs / trendline
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 27 KB
  • #156,614
  • Jan 28, 2009 7:22pm Jan 28, 2009 7:22pm
Quoting cvcamper
Can I ask why this clear break of the ascending trend line is not stimulating MASSIVE selling? Id love some of your guys input

1 . Asia volume is always lower
2. Pros may not be interested in selling .. therefore watch those shorts as they are looking to buy at some level
3. could be bear trap .. looksl ike it wants to go down but pro may find value in the move down.

This is why once you have profit you lock it in by moving stop down
Blogging daily now at www.volume.zone
  • #156,615
  • Jan 28, 2009 7:24pm Jan 28, 2009 7:24pm

Thank you for all Day loss But yesterday,

Investigator big profits

Night time


See you tomorrow

While in Egypt 3.15 I have a

Diving In the morning

I hope you good trad

  • #156,616
  • Jan 28, 2009 7:26pm Jan 28, 2009 7:26pm
Quoting shelby
ok. i am not going to scalp. but if we assume that the uptrend is done and a downtrend is coming. which is the best thing i can do to keep the position going as much as i can without taking profit yet.

is 1,35 achievable in a few days ? or this is just wishfull thinking.

Thanks

well we saw some strength in the usd today based on FOMC bs

GBPUSD has been having a nice up and a retracement down would spark some new buying.

the gbp futures hit their trend line bang on today and have formed a rounded top on 4 hr,. .... this may have been it today ...tyest of 129 .

I think I will look to sell rallies for now until the gbp breaks that tl on the 4 hour.

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  • #156,617
  • Jan 28, 2009 7:27pm Jan 28, 2009 7:27pm
Quoting cvcamper
Can I ask why this clear break of the ascending trend line is not stimulating MASSIVE selling? Id love some of your guys input
lot of Support levels are to down side.. starting from DPP then down to gann 4H, 50emas, a lot of buyers are there.. (SL, TP or buy positions)

then the lows.. we are heading to new low, probably 117.. by my calculations, but that one is not gonna happend in strait line. some bumpy- jumppy road..
  • #156,618
  • Jan 28, 2009 7:27pm Jan 28, 2009 7:27pm
If GJ start a big drop from here (128 ~ 129), we might see a new low of GJ in the history.
  • #156,619
  • Jan 28, 2009 7:29pm Jan 28, 2009 7:29pm
Quoting PandoraBox
If GJ start a big drop from here (128 ~ 129), we might see a new low of GJ in the history.
116-117 then up to 160-170, then down to 107 - 98.80

my calculations.. I''ll check later and post again.. (off to bed) 12:29 afternoon .. c''ya guys
  • #156,620
  • Jan 28, 2009 7:31pm Jan 28, 2009 7:31pm
Quoting malcolmb14
well we saw some strength in the usd today based on FOMC bs

GBPUSD has been having a nice up and a retracement down would spark some new buying.

the gbp futures hit their trend line bang on today and have formed a rounded top on 4 hr,. .... this may have been it today ...tyest of 129 .

I think I will look to sell rallies for now until the gbp breaks that tl on the 4 hour.

Attachment
Thank you
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