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

  • #161,621
  • Feb 20, 2009 9:15am Feb 20, 2009 9:15am
Quoting Mysticdiver
I am out @ 13520... +200, its Friday, and I am burned out.
no offense but what the hell is the signature about ? joke or for real ....anyone that needs to advertise that is professional account blower uppper .

why manage someone else money for commission when you can grow your own account faster if you are a successful trader

newbies beware .. anyone that advertises this kind of stuff has likely burnt through their own money (hence they need the commissions) and now looking for someone else's money to trade
Blogging daily now at www.volume.zone
  • #161,622
  • Feb 20, 2009 9:16am Feb 20, 2009 9:16am
ok freaky friday officially starting me thinks ...
  • #161,623
  • Feb 20, 2009 9:19am Feb 20, 2009 9:19am
Quoting pipmyride
ok freaky friday officially starting me thinks ...

simple range trading .. rack and stack em ....

135.15 to 134 is range

need the indexes to drop here though ... so watching top of range very carefully ..stop move to break even on last sell.

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  • #161,624
  • Feb 20, 2009 9:20am Feb 20, 2009 9:20am
Quoting malcolmb14
trying sell at top of channel .... rsx on 3 min against ropes 135.15 entry .... tight stop

Attachment
A little sarcasm goes a long way...
It annoys me when I see things like that in signatures, "Professional Account Mgr."
Who gives a shit.


Replied to wrong message #
  • #161,625
  • Feb 20, 2009 9:24am Feb 20, 2009 9:24am
Quoting Mysticdiver
A little sarcasm goes a long way...
It annoys me when I see things like that in signatures, "Professional Account Mgr."
Who gives a shit.


Replied to wrong message #
I thought as much ... nice one .... like it
Blogging daily now at www.volume.zone
  • #161,626
  • Feb 20, 2009 9:25am Feb 20, 2009 9:25am
Quoting malcolmb14
simple range trading .. rack and stack em ....

135.15 to 134 is range

need the indexes to drop here though ... so watching top of range very carefully ..stop move to break even on last sell.

Attachment

on the DP so taking half off now 134.57
Blogging daily now at www.volume.zone
  • #161,627
  • Feb 20, 2009 9:26am Feb 20, 2009 9:26am
Quoting malcolmb14
simple range trading .. rack and stack em ....

135.15 to 134 is range

need the indexes to drop here though ... so watching top of range very carefully ..stop move to break even on last sell.

Attachment

dude i wish i had your energy...baby...sometimes i get so bored...i get itchy fingers but i don't really have the heart for intra-day...trading
  • #161,628
  • Feb 20, 2009 9:28am Feb 20, 2009 9:28am
Quoting malcolmb14
simple range trading .. rack and stack em ....

135.15 to 134 is range

need the indexes to drop here though ... so watching top of range very carefully ..stop move to break even on last sell.

Attachment
Need to have some massive cahunas to rack and stack the beast

well done .. maybe one day !
  • #161,629
  • Feb 20, 2009 9:32am Feb 20, 2009 9:32am
Quoting pipmyride
Need to have some massive cahunas to rack and stack the beast

well done .. maybe one day !

just wait for the tops and bottoms of ranges ..... keep the risk in control ... tight stops ...

look for any divergences (3 min time frames are good )

move stop to +1 as soon as you have +10.

have a go on demo for a while ..once you spot a range wait for top and bottom .. do not get in , in the middle of a range ... bad idea ..

GJ is going to be a bit more like this now i think .... and in the last 2 weeks there have been some crazy 100 pip ranges setting up intraday

She is returning back to what she was pre July 2008...those 600 pip runs maybe over
Blogging daily now at www.volume.zone
  • #161,630
  • Feb 20, 2009 9:35am Feb 20, 2009 9:35am
It's sometimes difficult to see the bigger picture trading intra-day like this but let's just assume for a minute that the BoJ would like the Yen to weaken. (Whether they have already been in the market is open to discussion).

Now let's put a figure on where they would ideally like their currency to be; 140? 160? 200? As Japanese exports to the UK are now something like 40% more expensive than in mid 2007, is it fair to assume they would like considerably more upside/downside, (depending on your view), than we have already seen.

I have noticed throughout the week that as soon as a bearish move has taken place, buyers have stepped in quite rapidly and in a sustained way.

Logic would have me think that there is no way that after a week of quite considerable strength, that they would want the week to peter out on a bearish note.

If my logic is correct, we will see 137 or very near it, today.
  • #161,631
  • Feb 20, 2009 9:37am Feb 20, 2009 9:37am
Quoting ukdaytrader
It's sometimes difficult to see the bigger picture trading intra-day like this but let's just assume for a minute that the BoJ would like the Yen to weaken. (Whether they have already been in the market is open to discussion).

Now let's put a figure on where they would ideally like their currency to be; 140? 160? 200? As Japanese exports to the UK are now something like 40% more expensive than in mid 2007, is it fair to assume they would like considerably more upside/downside, (depending on your view),...
I agree ... BUT we should see a break up of the indexes .... right now they failed their open range high , but if ES (the one I trade) breaks 774 we will see close to that 137
Blogging daily now at www.volume.zone
  • #161,632
  • Feb 20, 2009 9:37am Feb 20, 2009 9:37am
Quoting malcolmb14
on the DP so taking half off now 134.57

man your a beast at this day trading, its not normal ...i sat there and looked at that trade and i was like nope its gonna blow past it and keep going. and of course reverses and goes down haha
  • #161,633
  • Feb 20, 2009 9:45am Feb 20, 2009 9:45am
Quoting malcolmb14
I agree ... BUT we should see a break up of the indexes .... right now they failed their open range high , but if ES (the one I trade) breaks 774 we will see close to that 137
can you post a weekly and daily charts for dow with volume when you got a chance?
I recommend you read something else as this sentence is now concluded.
  • #161,634
  • Feb 20, 2009 9:46am Feb 20, 2009 9:46am
Only good for scalp now. Don't like the PA.
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No Magic, Just basic fundamental chart analysis
  • #161,635
  • Feb 20, 2009 9:47am Feb 20, 2009 9:47am
Quoting malcolmb14
I agree ... BUT we should see a break up of the indexes .... right now they failed their open range high , but if ES (the one I trade) breaks 774 we will see close to that 137
True, but the correlation has not been there a lot this week. ES looks ready to break north I think. Yen futures is hovering at the lows of the day. Sterling needs a rally into the close......

Think 137 is very possible but the next hour will tell us more.
  • #161,636
  • Feb 20, 2009 9:55am Feb 20, 2009 9:55am
Quoting malcolmb14
hope you took partial profit....

indexes are getting dead cat bounce ......

gj was long off vwap at 134.10 .... I did not take it.

es break 775 we may see 137

right now channel; on gj is 134.10 to 135.20
Why is 775 on es an important level?
  • #161,637
  • Feb 20, 2009 9:59am Feb 20, 2009 9:59am
Quoting malcolmb14
just wait for the tops and bottoms of ranges ..... keep the risk in control ... tight stops ...

look for any divergences (3 min time frames are good )

move stop to +1 as soon as you have +10.

have a go on demo for a while ..once you spot a range wait for top and bottom .. do not get in...
Great explanation ... thx brother ...

more pips to ya
  • #161,638
  • Feb 20, 2009 10:36am Feb 20, 2009 10:36am
Top of the channel is 146-148
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Money & Pain Respect the market, protect your capital, be patient
  • #161,639
  • Feb 20, 2009 10:56am Feb 20, 2009 10:56am
Quoting NathanSim
Only good for scalp now. Don't like the PA.

what are you doing ?

you all over the place... selling in mid channel ... buying at channel top ...you getting whipsawed to death ..

see all this easy pips BS you keep posting ... by all acounts you down for the morning on your postings on gj ... not so easy is it ?
Blogging daily now at www.volume.zone
  • #161,640
  • Feb 20, 2009 10:57am Feb 20, 2009 10:57am
Quoting gadawg
Why is 775 on es an important level?

open range high .... 773 .. allow 2 point to make sure we get clear breakout ....
Blogging daily now at www.volume.zone
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