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

  • #158,041
  • Feb 4, 2009 7:26pm Feb 4, 2009 7:26pm
Quoting cohiba pips
maybe it looks that way there might be another small rally out of my shorts twice now getting ok ill wait for another confirmation to go short

one last time then thats it bulls win


choppy so far tonight ... but trend is down .
Blogging daily now at www.volume.zone
  • #158,042
  • Feb 4, 2009 7:28pm Feb 4, 2009 7:28pm
for today 2 plays:

  1. one we test the lower TL @ 128.20 and never test below levels like 126.60, then most likely we break to UP side and 135,50 [daily 50 ema] or so to be expected
  2. we test the lower TL @ 128.20 and we break, then next level to test is 126.60 formig a very nice topping Double TOP formation, with possible break to DOWN side.. the results are New low or so..

Charts:

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  • #158,043
  • Feb 4, 2009 7:32pm Feb 4, 2009 7:32pm
Quoting Piters
for today 2 plays:

 

  1. one we test the lower TL @ 128.20 and never test below levels like 126.60, then most likely we break to UP side and 135 or so to be expected
  2. we test the lower TL @ 128.20 and we break, then next level to test is 126.60 formig a very nice topping Double TOP formation, with possible break to DOWN side.. the results are New low or so..

Charts:


you forgot play 3 ..... try to scalp this mess ... lose hundreds of pips and faith in trading . Quit forex trading for ever. Right now getting frustrated with price action . I might opt for play 3 ( without losing the hundreds of pips of course)
Blogging daily now at www.volume.zone
  • #158,044
  • Feb 4, 2009 7:38pm Feb 4, 2009 7:38pm
Quoting malcolmb14
you forgot play 3 ..... try to scalp this mess ... lose hundreds of pips and faith in trading . Quit forex trading for ever. Right now getting frustrated with price action . I might opt for play 3 ( without losing the hundreds of pips of course)
= =
  • #158,045
  • Feb 4, 2009 7:39pm Feb 4, 2009 7:39pm
Quoting malcolmb14
you forgot play 3 ..... try to scalp this mess ... lose hundreds of pips and faith in trading . Quit forex trading for ever. Right now getting frustrated with price action . I might opt for play 3 ( without losing the hundreds of pips of course)
Hey malcomb, play 3 i am half way thro' can you save me?
  • #158,046
  • Feb 4, 2009 7:39pm Feb 4, 2009 7:39pm
Quoting quecee5
= =

glad you liked that one .. got to have some laughs in this game
Blogging daily now at www.volume.zone
  • #158,047
  • Feb 4, 2009 7:39pm Feb 4, 2009 7:39pm
Quoting Piters
for today 2 plays:

  1. one we test the lower TL @ 128.20 and never test below levels like 126.60, then most likely we break to UP side and 135,50 [daily 50 ema] or so to be expected
  2. we test the lower TL @ 128.20 and we break, then next level to test is 126.60 formig a very nice topping Double TOP formation, with possible break to DOWN side.. the results are New low or so..

Charts:

i vote for a break to the downside
I recommend you read something else as this sentence is now concluded.
  • #158,048
  • Feb 4, 2009 7:39pm Feb 4, 2009 7:39pm
Quoting malcolmb14
you forgot play 3 ..... try to scalp this mess ... lose hundreds of pips and faith in trading . Quit forex trading for ever. Right now getting frustrated with price action . I might opt for play 3 ( without losing the hundreds of pips of course)
mate, I am SOOOO proud of my trades: [made 60 pips] no loses
GU 11.5
EY 8.5
GY 10.5
GY 6.0
gy 23.5

total: 60 pips.. [as in old times]..

as bpatto mantioned, scalping only in early asia.. I agree..
  • #158,049
  • Feb 4, 2009 7:40pm Feb 4, 2009 7:40pm
staying away is a wise move until at least BOE announcement. . .
There are a lot of nice set-ups developing patience will be required - yep!
  • #158,050
  • Feb 4, 2009 7:41pm Feb 4, 2009 7:41pm
Quoting Piters
mate, I am SOOOO proud of my trades: [made 60 pips] no loses
GU 11.5
EY 8.5
GY 10.5
GY 6.0
gy 23.5

total: 60 pips.. [as in old times]..

as bpatto mantioned, scalping only in early asia.. I agree..
=
  • #158,051
  • Feb 4, 2009 7:43pm Feb 4, 2009 7:43pm
Quoting malcolmb14
glad you liked that one .. got to have some laughs in this game
BUT, i admit, there are times when I bite my mouse cable... [no wireless]
but as you are said, that is the part of the game..
  • #158,052
  • Feb 4, 2009 7:43pm Feb 4, 2009 7:43pm
Quoting malcolmb14
choppy so far tonight ... but trend is down .

yes not great at all - I'll try one more short from the top of the channel

on the 15min unless it breaks through - i hope thats not a bull flag forming though
  • #158,053
  • Feb 4, 2009 7:45pm Feb 4, 2009 7:45pm
Quoting quecee5
=
you know what I am talking about, huh ??

been there???
  • #158,054
  • Feb 4, 2009 7:46pm Feb 4, 2009 7:46pm
Quoting Piters
for today 2 plays:

  1. one we test the lower TL @ 128.20 and never test below levels like 126.60, then most likely we break to UP side and 135,50 [daily 50 ema] or so to be expected
  2. we test the lower TL @ 128.20 and we break, then next level to test is 126.60 formig a very nice topping Double TOP formation, with possible break to DOWN side.. the results are New low or so..

Charts:

From the price action now, i vote for a break to the upside after BOE news.
  • #158,055
  • Feb 4, 2009 7:46pm Feb 4, 2009 7:46pm
Quoting malcolmb14
yeah at least 9 hours till Asia

follow the thread of this one ....

'will not see 128.50 for a while' . I replied yeah not till Asia ...lol
Blogging daily now at www.volume.zone
  • #158,056
  • Feb 4, 2009 7:48pm Feb 4, 2009 7:48pm
Quoting Piters
BUT, i admit, there are times when I bite my mouse cable... [no wireless]
but as you are said, that is the part of the game..

power cords are better ....
Blogging daily now at www.volume.zone
  • #158,057
  • Feb 4, 2009 7:49pm Feb 4, 2009 7:49pm
Quoting Piters
you know what I am talking about, huh ??

been there???
yep = scalped gj from 129.15 for a whooooooping 47 pips and got out.
Did the same with EU for 28 pips and said this is insane I'll take the pips
and runnnnnnnnnnnnnnnnnnnnnnn!

Sitting on my hands right now looking for better set-ups developing. . .
GBP/CHF, EU, GU, UJ and GJ. . .
  • #158,058
  • Feb 4, 2009 7:53pm Feb 4, 2009 7:53pm
Quoting malcolmb14
power cords are better ....
Im glad you share your experiance, [Quick Fresh]

LOL i will take your advice.. with pleassure..
  • #158,059
  • Feb 4, 2009 7:53pm Feb 4, 2009 7:53pm
Quoting PandoraBox
From the price action now, i vote for a break to the upside after BOE news.
could spike then tank like hell. . .

UK economy is going to the crapper just like other countries
the spike may be seen if they mention concerns about price weakness but why would they cut rates and then raise price not a good way to stimulate thier economy. . .

I favor a spike in which bigg boys will sell into the rallies then it will probably tank from there. . .
  • #158,060
  • Feb 4, 2009 7:59pm Feb 4, 2009 7:59pm
Quoting Piters
mate, I am SOOOO proud of my trades: [made 60 pips] no loses
GU 11.5
EY 8.5
GY 10.5
GY 6.0
gy 23.5

total: 60 pips.. [as in old times]..

as bpatto mantioned, scalping only in early asia.. I agree..

nice mine

gj 35
gj 45
gj -30 ( yes pressed sell instead of buy off lows )...lol
Blogging daily now at www.volume.zone
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