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

  • #174,521
  • May 1, 2009 6:59am May 1, 2009 6:59am
I'm short @ 148.20 with TP 139 again and my SL @ 151.5, this is not an intraday trade
  • #174,522
  • May 1, 2009 7:04am May 1, 2009 7:04am
Quoting Big Bruv
sorry bro..dat waz just a joke....

Quecee waz the one who first mentioned dat word..and i found it very funny..so i have honored that formation by naming it after him.. (just for laughs baby)
Don't forget "3 BBQ crows on Piter bread with a few slices of grilled red Orion"
  • #174,523
  • May 1, 2009 7:10am May 1, 2009 7:10am
quecee5 are u still for the down side
  • #174,524
  • May 1, 2009 7:14am May 1, 2009 7:14am
Quoting quecee5
Don't forget "3 BBQ crows on Piter bread with a few slices of grilled red Orion"
ok dat will never get passed the council..it's not catchy and it's too long..baby
how about " P's few slices of a grilled onion"?

VOTES.....
  • #174,525
  • May 1, 2009 7:24am May 1, 2009 7:24am
Quoting Big Bruv
ok dat will never get passed the council..it's not catchy and it's too long..baby
how about " P's few slices of a grilled onion"?

VOTES.....

  • #174,526
  • May 1, 2009 7:26am May 1, 2009 7:26am
CABLE: RSX seems a bit toppy. Trend seems to be getting tired. Not confirmed, but I am happy.
Attached Image (click to enlarge)
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  • #174,527
  • May 1, 2009 7:30am May 1, 2009 7:30am
Quoting GodfreyH
CABLE: RSX seems a bit toppy. Trend seems to be getting tired. Not confirmed, but I am happy.

1. GJ
2. EJ
3. UJ

All now at OB level.
  • #174,528
  • May 1, 2009 7:46am May 1, 2009 7:46am
Quoting PandoraBox
1. GJ
2. EJ
3. UJ

All now at OB level.
Yeah ... both UJ and GU has been rallying for some time. As you say they are both extremely OB on higher time frames (h4). They will start to retrace or may be this bull run will end soon.

If this happens ... well both UJ and GU will go one direction = South ... then you know what will happen

So I'm going to get ready for that.
Discipline + Patience - Fear - Greed = Success
  • #174,529
  • May 1, 2009 7:48am May 1, 2009 7:48am
Quoting sometospend
quecee5 are u still for the down side
Yes, hopefully u flipped the trade. . . but as some have said she's getting toppy up here. Also, typically when you see this type move (impulsive) with literally min. retraces once it completes it falls hard. . .

Also, many inid's are getting way OB signs of a topping formation. However, look to yr daily and weekly chart as it seem as though it has given a buy signal on retraces. . .

More in a bit. . .
  • #174,530
  • May 1, 2009 7:52am May 1, 2009 7:52am
Wazup Q. So I see UJ made it above 99 so now can i short with your permission
  • #174,531
  • May 1, 2009 7:55am May 1, 2009 7:55am
The target of 148 was on the daily/weekly, depending on where we close we could see an extension to 151 today. If equities continue to be bullish.

Did anyone see this news article?


U.S. Bank Stress Test Results Delayed as Conclusions Debated
Share | Email | Print | A A A

By Craig Torres and Robert Schmidt

May 1 (Bloomberg) -- The Federal Reserve is postponing the release of stress tests on the biggest U.S. banks while executives debate preliminary findings with examiners, according to government and industry officials.

The results, originally scheduled for publication on May 4, now may not be revealed until toward the end of next week, said the people, who declined to be identified. A new release date may be announced as soon as today, they said.

Regulators and bank executives are concerned about how the disclosure is handled because weaker institutions could suffer a collapse in their stock prices.

“Everybody understands they’ve got a tiger by the tail here,” said Mark Tenhundfeld, a senior vice president at the American Bankers’ Association in Washington. “If they don’t let him go gently, there will be a lot of mauling going on.”

http://www.bloomberg.com/apps/news?p..._mo&refer=home

Patience + Humility + Study = Success
  • #174,532
  • May 1, 2009 7:55am May 1, 2009 7:55am
Quoting quecee5
Yes, hopefully u flipped the trade. . . but as some have said she's getting toppy up here. Also, typically when you see this type move (impulsive) with literally min. retraces once it completes it falls hard. . .

Also, many inid's are getting way OB signs of a topping formation. However, look to yr daily and weekly chart as it seem as though it has given a buy signal on retraces. . .

More in a bit. . .
Really we haven't seen one of those ferocious down moves with GJ for some times ... those red H1 candles +300 each.

I think in very near future we are going to witness one of those days.
Discipline + Patience - Fear - Greed = Success
  • #174,533
  • May 1, 2009 8:03am May 1, 2009 8:03am
Quoting cancunkev
a retrace has been very likely since 145. this thing is on a mission.
its the mating season
  • #174,534
  • May 1, 2009 8:05am May 1, 2009 8:05am
Quoting Piters
I understand that clearly, but mate, can you still share with us your Pipmaking.exe or Pipmaking.MT4;
Can I runnit as an EA.. so I can have some more spare time to enjoy my life ??

PLZZZZ

oh my EA that losses more pips than it makes .. you really want that ???

Blogging daily now at www.volume.zone
  • #174,535
  • May 1, 2009 8:07am May 1, 2009 8:07am
Quoting GodfreyH
FX TRADING 101

gbpjpy 1 hr chart: Now which direction is this trendline sloping. That short may just work for you, but it is WAY less risk and more reward to go in the direction of the trend.

BUT going with the trend is just to easy ... going against is much more exciting !!!



nice post ... and one that newer traders need to take note of ... there is a saying

THE TREND IS YOUR FRIEND
Blogging daily now at www.volume.zone
  • #174,536
  • May 1, 2009 8:11am May 1, 2009 8:11am
Quoting PipChick
Hi ForexLion...what is the name for this zulu acct and where is your other acct? Its no longer on Zulu even when you do a search for it. Did you kill it?

he one under indianlion got killed it was down 112,000 pip , with last nights move i think -150000.

forex was doing quiet well on his first account at zulu I was quiet impressed although did not agree with some of the draw downs ... not sure what happened to that
Blogging daily now at www.volume.zone
  • #174,537
  • May 1, 2009 8:15am May 1, 2009 8:15am
Quoting vinesh2
Wazup Q. So I see UJ made it above 99 so now can i short with your permission
I would suggest 'NO' bro. It's very bullish
  • #174,538
  • May 1, 2009 8:16am May 1, 2009 8:16am
Quoting malcolmb14
8 hour all blue are up bars .... now do you get the picture ?

147 within next 24 hours is in target

timing .....30th april midnight pst 147 , Frdiay 148.50 , if not before. This is all based on symmetry of moves

Attachment

sorry i will try harder next time . I lied ..I was 14 pips off . LOL
Blogging daily now at www.volume.zone
  • #174,539
  • May 1, 2009 8:18am May 1, 2009 8:18am
Quoting malcolmb14
sorry i will try harder next time . I lied ..I was 14 pips off . LOL
lol
Patience + Humility + Study = Success
  • #174,540
  • May 1, 2009 8:21am May 1, 2009 8:21am
Looks interesting on 1hr to drop - hit Monthly3 res twice. Waiting for end of hour, could also show up on 4hr as everything is way OB.
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