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

  • #157,541
  • Feb 2, 2009 7:54pm Feb 2, 2009 7:54pm
Quoting malcolmb14
still early ..... 6 pm here ... another 5 hrs before bed
ohh, sorry, mixed up again..
That was my time for rest..
  • #157,542
  • Feb 2, 2009 7:59pm Feb 2, 2009 7:59pm
only one thing would have got you that trade ..

simple price action .. indies way to lagging

here is set up for the newbies

Attached Image (click to enlarge)
Click to Enlarge Name: ym121.png Size: 136 KB
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  • #157,543
  • Feb 2, 2009 8:07pm Feb 2, 2009 8:07pm
Quoting malcolmb14
only one thing would have got you that trade ..

simple price action .. indies way to lagging

here is set up for the newbies

Attachment
noobs question, in that case, where is the best to take trade? next candle after doji..?



now, please check on 1H, is that Doji for you?
thanks Malc.
  • #157,544
  • Feb 2, 2009 8:15pm Feb 2, 2009 8:15pm
sucked some shorts in below 2690 for sure.
  • #157,545
  • Feb 2, 2009 8:15pm Feb 2, 2009 8:15pm
these spikes are getting downright ridiculous . . . pathetic price action
"Don't trade to trade . . . trade to win." - James16
  • #157,546
  • Feb 2, 2009 8:18pm Feb 2, 2009 8:18pm
Quoting Flem26
these spikes are getting downright ridiculous . . . pathetic price action

smells of intervention to me ......

these moves are very unusual for uj in the asain session
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  • #157,547
  • Feb 2, 2009 8:19pm Feb 2, 2009 8:19pm
Quoting malcolmb14
smells of intervention to me ......

these moves are very unusual for uj in the asain session
bingo
"Don't trade to trade . . . trade to win." - James16
  • #157,548
  • Feb 2, 2009 8:20pm Feb 2, 2009 8:20pm
umm what the hell
  • #157,549
  • Feb 2, 2009 8:20pm Feb 2, 2009 8:20pm
Quoting Flem26
bingo

all aboard the intervcention trian .. hopped on 127.50 ...stop +20
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  • #157,550
  • Feb 2, 2009 8:24pm Feb 2, 2009 8:24pm
out at 128 kiss. ..

this is not market for newbies tonight .... way to many games being played

that low was markets test ... was out there on my sell .. did not get long though as it all came on to fast ttill we crossed daily pivot and even then it was a really high risk trade
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  • #157,551
  • Feb 2, 2009 8:26pm Feb 2, 2009 8:26pm
127.7 reloaded long .... 25 pip stops..... wish me luck .. small % risk on account
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  • #157,552
  • Feb 2, 2009 8:32pm Feb 2, 2009 8:32pm
Quoting malcolmb14
127.7 reloaded long .... 25 pip stops..... wish me luck .. small % risk on account
thats called greedness!
I recommend you read something else as this sentence is now concluded.
  • #157,553
  • Feb 2, 2009 8:32pm Feb 2, 2009 8:32pm
Quoting malcolmb14
127.7 reloaded long .... 25 pip stops..... wish me luck .. small % risk on account
I am out and leaving market alone for tonight ... this is to insane even for me ....
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  • #157,554
  • Feb 2, 2009 8:33pm Feb 2, 2009 8:33pm
It hit support at 126.50 and bounced. I don't see anything unusual. In this market, just be patient and wait for price to hit strong support then buy or wait for strong resistance and sell. There's really no reason to be selling anywhere near 126.xx. Unless you're expecting price to fall much further. This is not a trending market. It is ranging so trade accordingly. Btw, 15m trendline is broken and being retested. We may see 128.80 by London.
  • #157,555
  • Feb 2, 2009 8:35pm Feb 2, 2009 8:35pm
Quoting malcolmb14
I am out and leaving market alone for tonight ... this is to insane even for me ....
lool, yeah mate, you are right.. that is stinky..
Fishy.. looks like intervention, but it is some big contracts deal..
that is.. I am thinking.. we are back down.. now..

but the best is to leave the market untill London
  • #157,556
  • Feb 2, 2009 8:37pm Feb 2, 2009 8:37pm
Quoting Pipsqueak
It hit support at 126.50 and bounced. I don't see anything unusual. In this market, just be patient and wait for price to hit strong support then buy or wait for strong resistance and sell. There's really no reason to be selling anywhere near 126.xx. Unless you're expecting price to fall much further. This is not a trending market. It is ranging so trade accordingly. Btw, 15m trendline is broken and being retested. We may see 128.80 by London.

nothing unusal other than test of support , slight dip under to lure in sellers and then massive buying volume coming in with 120 pip rise in 10 min ..

nope nothing odd there .....that was classic manipulation

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  • #157,557
  • Feb 2, 2009 8:37pm Feb 2, 2009 8:37pm
Quoting malcolmb14
smells of intervention to me ......

these moves are very unusual for uj in the asain session
Hey i thought i said that earlier
  • #157,558
  • Feb 2, 2009 8:39pm Feb 2, 2009 8:39pm
Quoting malcolmb14
I am out and leaving market alone for tonight ... this is to insane even for me ....

looks like I picked the right day to just watch....
  • #157,559
  • Feb 2, 2009 8:44pm Feb 2, 2009 8:44pm
Quoting MykeFX
looks like I picked the right day to just watch....

I am addict ... just took sneaky long right off dp ..... stop set BE +2 now ... so no stress
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  • #157,560
  • Feb 2, 2009 8:46pm Feb 2, 2009 8:46pm
Quoting malcolmb14
I am addict ... just took sneaky long right off dp ..... stop set BE +2 now ... so no stress
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