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

  • #173,981
  • Apr 29, 2009 11:51am Apr 29, 2009 11:51am
Quoting Piters
bro, anything can happend.. [now we are talking a GAMBLE here, 50/50]

another thing.. if PA doesnt drop until the NEWS release, another idea is to close or not.. again..

a NEWS.. pure Gamble..
what is the best solution here, to clse it if price dont drop?????????
  • #173,982
  • Apr 29, 2009 12:00pm Apr 29, 2009 12:00pm
Quoting forexlion
well fed cannot reduce below 0.25 so this should see a large drop in GJ

but if the bloomberg news is correct and they do cut to 0 then god help UJ

UJ south, go go go ( but today is 3x or 7x rollover...)
The Market pays you to be disciplined
  • #173,983
  • Apr 29, 2009 12:04pm Apr 29, 2009 12:04pm
Quoting dozzz71
what is the best solution here, to clse it if price dont drop?????????
mate, i gave you the option, but the decision is yours.. realy I cannot tell you where the market would go, because I dont know. It is a NEWS announcement, and market can go crazy... I've seen a spikes up and down for 100p or more... so that is what Im saying..

 

  1. option: close all now, and close the PC
  2. option: wait on pre-news, if price drop, take your profit and close the trade
  3. option: wait, hype that the news could be a bad one, and run the GY down to lower levels.
  4. option: place a SL above the 143.80, and wait, if comes closer close the trade
  5. option: If you already waitied so far to this level, then keep that level and watch carefully the market.. if drops - exit, if goes UP aganst you, exit too.. [it's not wise to leave the trade durring NEWS announcement]

there is 50/50 chance that price could go up 100p or down 200p... on this stage, no one on this world can tell you the real direction where GY will go.. the risk, MM, and decision is ONLY YOURS..

I cannot tell you what to do, im only trying to help to give you some more logic, and options... cheers and GL!

  • #173,984
  • Apr 29, 2009 12:12pm Apr 29, 2009 12:12pm
[quote=Piters;2703149]bro, anything can happend.. [now we are talking a GAMBLE here,

i never gamble
  • #173,985
  • Apr 29, 2009 12:12pm Apr 29, 2009 12:12pm
Quoting mima
That will crash dollar or lift it up?
I would noit be entering ap osition before fed funds rate ... if anything GJ has no selling pressure and may well move up into 145 . The currentl consolidation on 15 min for last 2 hour doesn ot show any sign of distribution

be very careful with that sell. I have just been waiting for retraces on 5 min charts and been doing very well today
Blogging daily now at www.volume.zone
  • #173,986
  • Apr 29, 2009 12:16pm Apr 29, 2009 12:16pm
Quoting mktjong
I afraid it would shoot up to 145 area and then free fall ..


go back and review my long term forecast yesterday .... i see maybe reatrcement off 145 but not free fall .... top of market will not be till next week , or until ES hits 950 . We could well see 150 to 153 gj in next 2 weeks,

on 4 hour charts there are no signs of selling and IF 143.75 gives way next target is 145 to 145.70

I am still favouring buy dips 15 min for now for swing trading and buying dips on 5 min charts for day trading .. seems to be smart money is buying not selling . The down moves all come in low volume asian session .... mark down . and when real volume comes in London and US seems buying this week.
Blogging daily now at www.volume.zone
  • #173,987
  • Apr 29, 2009 12:22pm Apr 29, 2009 12:22pm
Quoting dozzz71
what is the best solution here, to clse it if price dont drop?????????

One thing i have learnt that makes me not lose money in the long term is not to trade 2 hour before fomc and 2 hours after .

There will 100 - 200 pips to be in Asian session ... why take the risk in a time when i have seen 100 pip up and 100 pip down in under 1 min on gj .

Those that say they trade this are full of the brown stuff , do not forget most of these forums are full of bs ers

Try it in a reall acount ... you may press buy ... by the time the order gets filled it spikes up 100 pips ... you get in at top of candle , then price reverses on you you try to get a stop filled , by the time you get it filled , even if you had it set for 25 pips , the price and fill is -100 pips. All this and a 100 pip loss in less than 40 seconds . Who needs it
Blogging daily now at www.volume.zone
  • #173,988
  • Apr 29, 2009 12:27pm Apr 29, 2009 12:27pm
Quoting malcolmb14
One thing i have learnt that makes me not lose money in the long term is not to trade 2 hour before fomc and 2 hours after .

There will 100 - 200 pips to be in Asian session ... why take the risk in a time when i have seen 100 pip up and 100 pip down in under 1 min on gj .

Those that say they trade this are full of the brown stuff , do not forget most of these forums are full of bs ers

Try it in a reall acount ... you may press buy ... by the time the order gets filled it spikes up 100 pips ... you get in at top of candle , then price reverses...

post of the day
The Market pays you to be disciplined
  • #173,989
  • Apr 29, 2009 12:28pm Apr 29, 2009 12:28pm
Quoting malcolmb14
One thing i have learnt that makes me not lose money in the long term is not to trade 2 hour before fomc and 2 hours after .

There will 100 - 200 pips to be in Asian session ... why take the risk in a time when i have seen 100 pip up and 100 pip down in under 1 min on gj .

Those that say they trade this are full of the brown stuff , do not forget most of these forums are full of bs ers

Try it in a reall acount ... you may press buy ... by the time the order gets filled it spikes up 100 pips ... you get in at top of candle , then price reverses...

Thanks bro for a good advice. But what is foms? What does it stand for?
  • #173,990
  • Apr 29, 2009 12:30pm Apr 29, 2009 12:30pm
Quoting trend-friend
Thanks bro for a good advice. But what is foms? What does it stand for?

Federal Open Market Committee

interest rate annoucement today
Blogging daily now at www.volume.zone
  • #173,991
  • Apr 29, 2009 12:31pm Apr 29, 2009 12:31pm
Quoting mima
post of the day


thanks .....

watch at FOMC statement time ..... there will be a load of traders screaming wow easy 100 pips ... it always entertains me.
Blogging daily now at www.volume.zone
  • #173,992
  • Apr 29, 2009 12:32pm Apr 29, 2009 12:32pm
Quoting malcolmb14
go back and review my long term forecast yesterday .... i see maybe reatrcement off 145 but not free fall .... top of market will not be till next week , or until ES hits 950 . We could well see 150 to 153 gj in next 2 weeks,

on 4 hour charts there are no signs of selling and IF 143.75 gives way next target is 145 to 145.70

I am still favouring buy dips 15 min for now for swing trading and buying dips on 5 min charts for day trading .. seems to be smart money is buying not selling . The down moves all come in low volume asian session .... mark...
Thanks for your kind advice, Well i can see the macd confirming bearish .Does it mean this wont have effect on the news.I have traded and see major nes like this , not producing viable volatality. We where meant to understand that the trend is your friend.Well thanks all for everything waitiing for the news.
  • #173,993
  • Apr 29, 2009 12:41pm Apr 29, 2009 12:41pm
Quoting dozzz71
Thanks for your kind advice, Well i can see the macd confirming bearish .Does it mean this wont have effect on the news.I have traded and see major nes like this , not producing viable volatality. We where meant to understand that the trend is your friend.Well thanks all for everything waitiing for the news.

15 min nothing but buying .. there may be a double top howevr I would love to see a test of 142.20 zone if the news is bad for gj .

Then If buyers comei nto this zone i will be loading up a long again

pros buy into weakness and sell into strength . Remember that always . tough to do when you see something ripping down or up very fast , and you are looking for trade in the opposite direction that the pair is moving in a rapid fashion .
Blogging daily now at www.volume.zone
  • #173,994
  • Apr 29, 2009 12:48pm Apr 29, 2009 12:48pm
Quoting malcolmb14
15 min nothing but buying .. there may be a double top however I would love to see a test of 142.20 zone if the news is bad for gj .

Then If buyers come nto this zone i will be loading up a long again

pros buy into weakness and sell into strength . Remember that always . tough to do when you see something ripping down or up very fast , and you are looking for trade in the opposite direction that the pair is moving in a rapid fashion .
Are you really sure this might test 142? are you buying for that or ur guessing .How about after the news it drop from there
  • #173,995
  • Apr 29, 2009 12:51pm Apr 29, 2009 12:51pm
Quoting malcolmb14
15 min nothing but buying .. there may be a double top howevr I would love to see a test of 142.20 zone if the news is bad for gj .

Then If buyers comei nto this zone i will be loading up a long again

pros buy into weakness and sell into strength . Remember that always . tough to do when you see something ripping down or up very fast , and you are looking for trade in the opposite direction that the pair is moving in a rapid fashion .

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Blogging daily now at www.volume.zone
  • #173,996
  • Apr 29, 2009 12:53pm Apr 29, 2009 12:53pm
Quoting dozzz71
Are you really sure this might test 142? are you buying for that or ur guessing .How about after the news it drop from there

no not sure , i said I love to see a test of 142.20 . That is where the buyers showed up this morning and would be a nice place to reload my intraday longs
Blogging daily now at www.volume.zone
  • #173,997
  • Apr 29, 2009 12:59pm Apr 29, 2009 12:59pm
Quoting dozzz71
Are you really sure this might test 142? are you buying for that or ur guessing .How about after the news it drop from there
hope is what kills accounts ... took me a long time to get it through my thick skull, but you HAVE TO use a SL ... you must have an exit strategy.

Malcomb, Piters, etc., are all very good but noone knows anything for certain about anything in this game we play. All probablities.
  • #173,998
  • Apr 29, 2009 1:04pm Apr 29, 2009 1:04pm
Quoting malcolmb14
go back and review my long term forecast yesterday .... i see maybe reatrcement off 145 but not free fall .... top of market will not be till next week , or until ES hits 950 . We could well see 150 to 153 gj in next 2 weeks,

on 4 hour charts there are no signs of selling and IF 143.75 gives way next target is 145 to 145.70

I am still favouring buy dips 15 min for now for swing trading and buying dips on 5 min charts for day trading .. seems to be smart money is buying not selling . The down moves all come in low volume asian session .... mark...
mal, looking at the hourly for GJ, do u think we have reached the top for today? seems like no interest, for now.
  • #173,999
  • Apr 29, 2009 1:24pm Apr 29, 2009 1:24pm
148 looks possible off the daily chart pinbar break. Just my .02
Patience + Humility + Study = Success
  • #174,000
  • Apr 29, 2009 1:32pm Apr 29, 2009 1:32pm
Quoting malcolmb14
no not sure , i said I love to see a test of 142.20 . That is where the buyers showed up this morning and would be a nice place to reload my intraday longs
pls am sorry for the disturbance but it went against me i removed it hit 100 pips at a go
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