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

  • #157,921
  • Feb 4, 2009 6:53am Feb 4, 2009 6:53am
Quoting GodfreyH
Remember that ADP non-farm employment change in 20 minutes.
If it's good news this is supposed to be good or bad for GBPJPY?
The problem with news is that somethings they have complete opposite effect of what expected and sometimes no effect at all
  • #157,922
  • Feb 4, 2009 7:10am Feb 4, 2009 7:10am
Quoting fxnoob08
malcom you seem to make pips even with your eyes closed. wow

just luck ... I think

I just watch Pa and know what to possibly expect at certain zones. Once you have looked at charts for 10,000 hours or more you can start to feel the market ...lol
Blogging daily now at www.volume.zone
  • #157,923
  • Feb 4, 2009 7:13am Feb 4, 2009 7:13am
Quoting malcolmb14
just luck ... I think

I just watch Pa and know what to possibly expect at certain zones. Once you have looked at charts for 10,000 hours or more you can start to feel the market ...lol
malcolmb,

just wondering. these past 2-3 days were hard. i mean for normal traders it was tough.

out of all the trades that you took, was they ALL closed in green?
  • #157,924
  • Feb 4, 2009 7:18am Feb 4, 2009 7:18am
Quoting samuzowulu
As long as the 4hr gann and 50ema is intact the bias remains up this is supported also by the daily gann.

daily gann is so lagging in this market gj can move 500 pips before it crosses
Blogging daily now at www.volume.zone
  • #157,925
  • Feb 4, 2009 7:23am Feb 4, 2009 7:23am
Quoting hwsv07
malcolmb,

just wondering. these past 2-3 days were hard. i mean for normal traders it was tough.

out of all the trades that you took, was they ALL closed in green?
yes the last few days have been very hard .... easy to make pips in a trending market when gj moves 600 pips . This market will weed out who is a real trader and who just has balls to jump in on a trend once the train starts rolling

last few days i have had three losses , 60 pip , 30 pip and 14 pip

I am not in a trade right now .... watching PA for now on 5 min I know to stay out of market and go back to bed , come back on 2 hours or so .Beauty is these days is there are nice trade sets up throughout the day
Blogging daily now at www.volume.zone
  • #157,926
  • Feb 4, 2009 7:24am Feb 4, 2009 7:24am
Quoting marcb
If it's good news this is supposed to be good or bad for GBPJPY?
The problem with news is that somethings they have complete opposite effect of what expected and sometimes no effect at all
Ahh... precisely, I no longer try to rationalize what the news will do. I wait a bit , perhaps 15min to 30 min after the news, and trade if I see my setup.
  • #157,927
  • Feb 4, 2009 7:29am Feb 4, 2009 7:29am
Quoting malcolmb14
yes the last few days have been very hard .... easy to make pips in a trending market when gj moves 600 pips . This market will weed out who is a real trader and who just has balls to jump in on a trend once the train starts rolling

last few days i have had three losses , 60 pip , 30 pip and 14 pip

I am not in a trade right now .... watching PA for now on 5 min I know to stay out of market and go back to bed , come back on 2 hours or so .Beauty is these days is there are nice trade sets up throughout the day
yup. you're a good trader malcolmb.

really thankful for that FF has a good contributor from you. do post what you have on ur charts so i can compare and see if my thinking and action is in confluence with yours. and i hope i am improving along with you.

and yeap. sleep is good.
  • #157,928
  • Feb 4, 2009 7:34am Feb 4, 2009 7:34am
es is up and gosh darn guess what else is up? the yen crosses and other currencies . . . surprise - surprise
"Don't trade to trade . . . trade to win." - James16
  • #157,929
  • Feb 4, 2009 7:42am Feb 4, 2009 7:42am
That H&S on 4hr seems like can't break NL, my bias is long.
130. not hard to reach.
  • #157,930
  • Feb 4, 2009 7:42am Feb 4, 2009 7:42am
now, the fraudexes are giving some back and so are cable and geppy
"Don't trade to trade . . . trade to win." - James16
  • #157,931
  • Feb 4, 2009 8:02am Feb 4, 2009 8:02am
GM everyone and good trading today to all, 15m looking kind of toppy atm, waiting to see how it plays out.
  • #157,932
  • Feb 4, 2009 8:58am Feb 4, 2009 8:58am
why so quiet? No one wants to scalp this 1 min channel?
I've been sqeezing some pips out of it, why not.
  • #157,933
  • Feb 4, 2009 9:01am Feb 4, 2009 9:01am
My chart said GJ want test 130 next 2 ~ 3h.
  • #157,934
  • Feb 4, 2009 9:03am Feb 4, 2009 9:03am
Quoting PandoraBox
My chart said GJ want test 130 next 2 ~ 3h.
Your chart is lying to you
  • #157,935
  • Feb 4, 2009 9:06am Feb 4, 2009 9:06am
Quoting PandoraBox
My chart said GJ want test 130 next 2 ~ 3h.

i agree for sure, i see a gap filling(on my chart) and pressing into the 13150-13200 region

edit: if UY would get on the move
  • #157,936
  • Feb 4, 2009 9:07am Feb 4, 2009 9:07am
Quoting CoolTrader77
Your chart is lying to you
Chart just give us the information and depend on us how to translate it.
  • #157,937
  • Feb 4, 2009 9:10am Feb 4, 2009 9:10am
Quoting PandoraBox
My chart said GJ want test 130 next 2 ~ 3h.

We are almost there.. 129.99 now...
  • #157,938
  • Feb 4, 2009 9:11am Feb 4, 2009 9:11am
Quoting Petefaders
That H&S on 4hr seems like can't break NL, my bias is long.
130. not hard to reach.
My crystal ballz never lie.
  • #157,939
  • Feb 4, 2009 9:14am Feb 4, 2009 9:14am
Quoting CoolTrader77
Your chart is lying to you
Eat back your word..
  • #157,940
  • Feb 4, 2009 9:19am Feb 4, 2009 9:19am
great, no pullback for me to get in. double top at 130.54 anyone?
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