Again it seems shy but this time volume is not with it. 145.xx before we go down again. But the next throttle will only take place at full strength when Asia opens.
When nothing goes right... go left. 
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #177,702
- May 17, 2009 5:09pm May 17, 2009 5:09pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
The only thing I can think banning the hedging is that the retail brokers will not make money on this trading tool. And it will be harder for traders to make money both ways unless you open another account with overseas brokers..
IMHO
IMHO
seriously speaking rgitt, btw I admire your analysis even though I dont always agree on timing, just wanted your feedback on the impact that the new hedging rules may have on the market as whole. will it mean more trendier, less bumpier kind of...
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- #177,703
- May 17, 2009 5:23pm May 17, 2009 5:23pm
- Joined Dec 2008 | Status: Trader | 2,753 Posts
The only thing I can think banning the hedging is that the retail brokers will not make money on this trading tool. And it will be harder for traders to make money both ways unless you open another account with overseas brokers..
IMHO
There are many thousands of traders who hedge a bad trade and add margin as necessary. Banning this method of trading will just make retail traders realise their loses when hedging at least gives some chance of escape.
It's a bent game, no one should be in any doubt about that and brokers are not there to serve you.
Anyone living in the US who requires hedging should look into Oanda.
- #177,704
- May 17, 2009 5:39pm May 17, 2009 5:39pm
The only thing I can think banning the hedging is that the retail brokers will not make money on this trading tool. And it will be harder for traders to make money both ways unless you open another account with overseas brokers..
IMHO
- #177,705
- May 17, 2009 5:42pm May 17, 2009 5:42pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Thanks for your feedback..
I am mainly defending the government taxing my profits..
I am mainly defending the government taxing my profits..
ps dont spend too much energy defending your positions. sometimes its profitable discussion but other times its a waste and can hurt your confidence. fight the good fight!
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- #177,706
- May 17, 2009 6:27pm May 17, 2009 6:27pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #177,710
- May 17, 2009 7:45pm May 17, 2009 7:45pm
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
- #177,711
- May 17, 2009 7:53pm May 17, 2009 7:53pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
I've been working over the weekend on getting the coding right on this sweet little beauty. Almost there... lol
and a 
Stellar work.
FUBAR...
- #177,712
- May 17, 2009 8:32pm May 17, 2009 8:32pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
Forex 101 " Trend is your friend"
I am still bullish for PA to reach the 156.00 (38.2%)..The 143.50 held up all week...There is no major news sunday so retracement is due..
GJ has strong support at 143.20 and H4 now totally OS.
- #177,713
- May 17, 2009 8:38pm May 17, 2009 8:38pm
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
one little fall,n the captain is left out of the little party already..hmmm.back to slee ..see u all at london...
Imanuel Parsifal
- #177,714
- May 17, 2009 8:44pm May 17, 2009 8:44pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Friday market closed was mixed..Look at how the PA reacts around the 143.20 -143.50 support zone.. GJ PA is building a support base in this support zone for possible launch upward..
IMHO
Buying dips for my trades.
Trade the charts
If the 141.50 weekly TL breaks than my bias toward bullish is done..
IMHO
Buying dips for my trades.
Trade the charts
If the 141.50 weekly TL breaks than my bias toward bullish is done..
GJ has strong support at 143.20 and H4 now totally OS.
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- #177,715
- May 17, 2009 8:44pm May 17, 2009 8:44pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
to see in this London react and how daily will close.Below weekly 23.6% then am confident for 38.2% of 139 first target and possible 61.8% for second target @ 131.20..
atm H1 look 143.16 is the support and have tendency going to north for 61.8% @ 145.15..
am taking my 10 sen long from 143.25 with SL=142.25 and TP=145.15 and see until London what will happen. This is just as my dummy while waiting for more confirmation...but look like 139 is possible atm..
atm H1 look 143.16 is the support and have tendency going to north for 61.8% @ 145.15..
am taking my 10 sen long from 143.25 with SL=142.25 and TP=145.15 and see until London what will happen. This is just as my dummy while waiting for more confirmation...but look like 139 is possible atm..
- #177,720
- May 17, 2009 9:03pm May 17, 2009 9:03pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
Friday market closed was mixed..Look at how the PA reacts around the 143.20 -143.50 support zone.. GJ PA is building a support base in this support zone for possible launch upward..
IMHO
Buying dips for my trades.
Trade the charts
If the 141.50 weekly TL breaks than my bias toward bullish is done..