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

  • #157,121
  • Jan 30, 2009 8:46am Jan 30, 2009 8:46am
Quoting hwsv07
what's the odds? why the magic number 129.75?

i press at that point as i thougt it would be high enough to retrace before market close as i said just a punt i have no open trades as beat my 2000 pips weekly target so im happy
Private Account Manager & Trader since 1999
  • #157,122
  • Jan 30, 2009 8:50am Jan 30, 2009 8:50am
i am completely lost....

what in the world are you talking about?

back to reality....this up move in gj is very suspect to me....just a gut feeling combind with the touch of the 50 bib from the fall off 141
  • #157,123
  • Jan 30, 2009 9:01am Jan 30, 2009 9:01am
Quoting cancunkev
i am completely lost....

what in the world are you talking about?

back to reality....this up move in gj is very suspect to me....just a gut feeling combind with the touch of the 50 bib from the fall off 141
I would normally share your suspicion. It is worth remembering though what happened to the Dollar when faced with terrible data and dramatic cuts in US interest rates; it gained massively against both the Euro and Sterling. If you were waiting for Dollar collapse, you would have lost your shirt.

They're f$cking with us man, so we need to stop 'thinking' and just trust what we can see. (And that is a 1000 pip rise this past week).
  • #157,124
  • Jan 30, 2009 9:02am Jan 30, 2009 9:02am
Thanks Senior Member... Have a good weekend everyone
  • #157,125
  • Jan 30, 2009 9:05am Jan 30, 2009 9:05am
i was refering to the posts about lawsuits, photos, and who knows what else....


i am used to the gj's craziness....lol
  • #157,126
  • Jan 30, 2009 9:09am Jan 30, 2009 9:09am
Quoting hwsv07
hi malcomlb,

may i know how you got 129.8?


err not to sure ...lol..... eye balled it ...

look at your 1 hour chart ... three highs all around 129.7 ish ... but I like round numbers so 129.8 is was
Blogging daily now at www.volume.zone
  • #157,127
  • Jan 30, 2009 9:12am Jan 30, 2009 9:12am
malcomb are you expecting futher bullish continuation from this 130 high? or do you see us moving lower through next week?
  • #157,128
  • Jan 30, 2009 9:13am Jan 30, 2009 9:13am
Quoting ukdaytrader
I would normally share your suspicion. It is worth remembering though what happened to the Dollar when faced with terrible data and dramatic cuts in US interest rates; it gained massively against both the Euro and Sterling. If you were waiting for Dollar collapse, you would have lost your shirt.

They're f$cking with us man, so we need to stop 'thinking' and just trust what we can see. (And that is a 1000 pip rise this past week).

well said ...

and if you are pateinet enough sell highs us session , trade the 200 pip down moves in Asia and reload longs ..

been crazy week ...
Blogging daily now at www.volume.zone
  • #157,129
  • Jan 30, 2009 9:17am Jan 30, 2009 9:17am
Quoting cancunkev
malcomb are you expecting futher bullish continuation from this 130 high? or do you see us moving lower through next week?

I have no clue ... i wake up ..look at 60 / 15 / 5 and then trade off my 3 min chart.

There is bearish div rsx on 4 hour gj , gbpchf and 60 min gu .

I do not think this move can be sustained based on that

but i just follwo my charts .. and today has been buy the dips on a 3 min chart

last trade on dip to 128.75 would have been another great one for 100 pips but packed it in by then .

In strong up day like today on GU do not tryt to fade the GU trend with the GJ ... instead trade the same direction as the GU. If you try to fade the GU trend you will lose 99 % of the time
Blogging daily now at www.volume.zone
  • #157,130
  • Jan 30, 2009 9:44am Jan 30, 2009 9:44am
Today sucked from a MAJOR, I guess noobie mistake....

I had a short at 128.60 around and had a tight SL set..... Well when I just checked back My SL that I THOUGHT was a Buy to counteract my short, was actually a limit sell..... So Now I have double my position on short at 20% of my account blown.... Damnit!

Im gonna cut my losses here and wait to see how next week holds out.
Dr. C
  • #157,131
  • Jan 30, 2009 9:52am Jan 30, 2009 9:52am
Quoting cvcamper
Today sucked from a MAJOR, I guess noobie mistake....

I had a short at 128.60 around and had a tight SL set..... Well when I just checked back My SL that I THOUGHT was a Buy to counteract my short, was actually a limit sell..... So Now I have double my position on short at 20% of my account blown.... Damnit!

Im gonna cut my losses here and wait to see how next week holds out.

im sure you will make it back we all can lose at times chill over the weekend and i bet you have it all plus more back next week.
Private Account Manager & Trader since 1999
  • #157,132
  • Jan 30, 2009 9:56am Jan 30, 2009 9:56am
Quoting cvcamper
Today sucked from a MAJOR, I guess noobie mistake....

I had a short at 128.60 around and had a tight SL set..... Well when I just checked back My SL that I THOUGHT was a Buy to counteract my short, was actually a limit sell..... So Now I have double my position on short at 20% of my account blown.... Damnit!

Im gonna cut my losses here and wait to see how next week holds out.
sorry to hear that


I run fxcm account , high volume account , gj spreads 2.5 to 4 last few days. I have never had an issue with them even though FXCM have bad rap

One thing I can say about them is that their order entry process is one of the simplest I have seen ., meaning you do not have to be a rocket engineer to figure out how to place a trade. I have tried other platforms and the order process was so complicated i found myself spending more time on thinking how to place the order than the actual trade itself
Blogging daily now at www.volume.zone
  • #157,133
  • Jan 30, 2009 10:00am Jan 30, 2009 10:00am
i'm seeing div on 1hr stochs and 4h cci. anyone confirming it?
  • #157,134
  • Jan 30, 2009 10:14am Jan 30, 2009 10:14am
no sellers anywhere....
  • #157,135
  • Jan 30, 2009 10:16am Jan 30, 2009 10:16am
Quoting dialpips
i'm seeing div on 1hr stochs and 4h cci. anyone confirming it?

this move is powerful .. may not end till 131.10 if there is reversal

would not try to short it just yet ....

I was going to be done but could not leave buying the dips along ... off a 3 min chart ...
Blogging daily now at www.volume.zone
  • #157,136
  • Jan 30, 2009 10:18am Jan 30, 2009 10:18am
How's it going guys, looks like today was definitely game off day. Should have paid attention to my rule of not trading on Friday's. I guess I just don't get it, volumes spiked, all the indis pointed bearish. So the market decides to go up another 900 pips. Anyone help me out? I'm on the 15 TF

-will try to have a good weekend, though today undid my progress and then some for the entire week
peace and love
  • #157,137
  • Jan 30, 2009 10:19am Jan 30, 2009 10:19am
Quoting cancunkev
no sellers anywhere....

could be trap up move .... and then down next week . so would not rushing in at the tops here as some traders do !!

GU I think has to test 1.4500 before any reversal .. whcih it did.

It will interesting to see Asia's reaction to GJ on Sunday as they have been selling it ...
Blogging daily now at www.volume.zone
  • #157,138
  • Jan 30, 2009 10:23am Jan 30, 2009 10:23am
Quoting darkmorg
How's it going guys, looks like today was definitely game off day. Should have paid attention to my rule of not trading on Friday's. I guess I just don't get it, volumes spiked, all the indis pointed bearish. So the market decides to go up another 900 pips. Anyone help me out? I'm on the 15 TF

-will try to have a good weekend, though today undid my progress and then some for the entire week

post your 15 min chart please ... let me look what indies you using then I can provide feed back

a lot of trading is getting a feel for price action ..look at a 5 min time frame , see how the pair reacts on pull backs , if they are shallow and narrow spread candles means no sellers ... if high volume wide soread .. means sellers hitting market. If on pb you see doji form on 5 min ( sellers pushing up off lows of candle and candle has long wick ) get the hell out of a short if you are trying to fade the top of the market
Blogging daily now at www.volume.zone
  • #157,139
  • Jan 30, 2009 10:34am Jan 30, 2009 10:34am
steady move down could reatrce to 129

or bounce off 129.80 ... right now looking candles 129 is very possible

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Blogging daily now at www.volume.zone
  • #157,140
  • Jan 30, 2009 10:35am Jan 30, 2009 10:35am
big 30min pin bar closing under the 50 fib from the 141 to 119 drop after testing 130.50, MAYBE we will settle back into the 4hr UTL...
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