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

  • #180,341
  • Jun 1, 2009 9:36am Jun 1, 2009 9:36am
Quoting grashid
mm...this is lesson of violating my own analysis...damm..i should not..now almost getting mad..lost ~USD 25K in one day...B******....oh my god...if this is last short hit again my SL...am thinking to withdrwal all my balance from my current std acc and close it and move back to my mini..and take a rest for 1-2 day....good luck to you...
Looks like a plan
  • #180,342
  • Jun 1, 2009 9:38am Jun 1, 2009 9:38am
If it helps, the last time I saw such rapid movements without retrace, we hit 118. Remember, pros sell on strength and buy on weakness.
  • #180,343
  • Jun 1, 2009 9:39am Jun 1, 2009 9:39am
looks like gbp is still strong
  • #180,344
  • Jun 1, 2009 9:40am Jun 1, 2009 9:40am
Quoting malcolmb14
the volumes on 4 hours are very low .... who is driving this.

Grashid said 900 pip down ... something is cooking and he may be right on this.

However we may well test 1598.5 to 160 at this rate before any kind of drop.

I hate to say this but I have been using price action today and indicators as volume makes NO sense. The GJ is being marked up again like crazy under low volume

Attachment
I am sad things are not going well for some of us even me i was short but later close it with loses, i have been looking at this chart and on my weekend analysis this is where i see gj going before we go down and come back up again to 50 ema on monthly chart will be a target...
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #180,345
  • Jun 1, 2009 9:40am Jun 1, 2009 9:40am
Quoting Pirin
I've never made so much money in a single day First the XAU/USD drop and after that the AUD/JPY + GBP/JPY rise ... beautiful +2146€ to my account.

Congratulations!!! That's great

Now you are elected to give the tip of the day. I'm not being sarcastic here. Obviously you saw something or you're luckier then hell
  • #180,346
  • Jun 1, 2009 9:41am Jun 1, 2009 9:41am
Quoting suntzu
resting is the best thing for you now
take care and happy green pips to you...i need to plan of my recovery in this 1-2 days to capture this tanking..perhaps....hopely am not turn out like GM...
  • #180,347
  • Jun 1, 2009 9:42am Jun 1, 2009 9:42am
Quoting donfriday
I am sad things are not going well for some of us even me i was short but later close it with loses, i have been looking at this chart and on my weekend analysis this is where i see gj going before we go down and come back up again to 50 ema on monthly chart will be a target...

I don't think ther is much doubt that 160 won't be tried, that is the target on the daily UPTL, hopefully can make some pips shorting this thing at the 157.85 I'm in at first.
  • #180,348
  • Jun 1, 2009 9:45am Jun 1, 2009 9:45am
Quoting grashid
2nd SL hit...mmm...am losing almost -500pips today...see how my new short from 158 with Sl 158.50..what happen tomorrow...but 900 tanking is on the way...happy green pips to all...
i am sorry mate, u are a good trader and u have been wining alot so dont let this pull u down 300 pips more gj sould retrace before we set for new ride on monthly target.....
MY OPINION NOT FINANCIAL ADVISE
  • #180,349
  • Jun 1, 2009 9:46am Jun 1, 2009 9:46am
Geez...

I bit the big one as well. All my analysis was thrown out the window.

Here's what I dont get. GM files bankruptcy, the largest company is US history to do so. Construction numbers come out real good and through the roof goes U/J and the DOW. WTF...?? I just dont get it. I just dont see how this could keep going on.

Congrats to those who made money.

B
  • #180,350
  • Jun 1, 2009 9:47am Jun 1, 2009 9:47am
NZD,Germany, and CHF all have bank holidays today.

Bank holidays=low volume.

Low volume=manipulation.
  • #180,351
  • Jun 1, 2009 9:47am Jun 1, 2009 9:47am
Quoting malcolmb14
no demand bar on 5 min around 158 ..... you maybe lucky and get a retrace HOWEVER Vsa stuff is not working worth a damn today as GJ is being marked up
Thanks Malcolm for the heads up... How far do you see us going, before head back down 900 pips, that was mentioned earlier?
  • #180,352
  • Jun 1, 2009 9:48am Jun 1, 2009 9:48am
can someone tell me why UJ suddenly jump 200 pips? I cant see a news related to Japan
  • #180,353
  • Jun 1, 2009 9:49am Jun 1, 2009 9:49am
Quoting kuzey
your Fibonachi drawing is wrong
you should draw it after retracement on the middle
Yes you are also right. I was looking at another fibonachi retracement taking into account the highest and lowest points since 2007. I do not believe there is a perfect right or wrong here, all is speculation. If you draw it from the middle as you suggested, then she can still go up to 50% around 167.3 before she will come down. My point is that we are in a very strong up trend, and I do not see short signals at the moment. Maybe the low volume high prices as Malcolm explained can be taken into account, and she can drop due to overpriced or something, but I guess she will have to give us some kind of signal that she wants to come down first.

Just my 2 cents.
  • #180,354
  • Jun 1, 2009 9:49am Jun 1, 2009 9:49am
Wow I have been researching Wyckoff and VSA for a little while and when I tried to use it today there was no rhyme or reason. I figured I was wrong and needed to start over. Good to here that it is not just me having a hard go at it.

Quoting malcolmb14
...
I hate to say this but I have been using price action today and indicators as volume makes NO sense. The GJ is being marked up again like crazy under low volume

Attachment
  • #180,355
  • Jun 1, 2009 9:51am Jun 1, 2009 9:51am
Quoting currencyexch
I don't think ther is much doubt that 160 won't be tried, that is the target on the daily UPTL, hopefully can make some pips shorting this thing at the 157.85 I'm in at first.

Hmmm becareful 159.34 is on the way so cover ur ass
MY OPINION NOT FINANCIAL ADVISE
  • #180,356
  • Jun 1, 2009 9:52am Jun 1, 2009 9:52am
Somebody's manipulating something, the only other pair seeingg this kind of action is GBP/CHF and it appears no end in site. I haven't been around that long but a yeaar and can say I haven't seen anything like this excpet a month ago when the GBP/CHF dropped 300 pips in a day and another 200 the next for no apparent reason. At this point I'm at a loss as to where tp bail or put backstop pther then I figure this can't run like this forever. Who are the crazy buyers buying at this level and why?
  • #180,357
  • Jun 1, 2009 10:01am Jun 1, 2009 10:01am
Somebody tell me when to go short as today has burned me bad and stung on another 80 pips. Took me for a huge percentae today, not good. I'm stunned. I guess in hind sight there was no reasson to short as no evidence existed anywhere on the chart to confirm one so pretty stupid to have shorted on a hunch. Thats' what we get I guess
  • #180,358
  • Jun 1, 2009 10:04am Jun 1, 2009 10:04am
Quoting Aliassmith
Wow I have been researching Wyckoff and VSA for a little while and when I tried to use it today there was no rhyme or reason. I figured I was wrong and needed to start over. Good to here that it is not just me having a hard go at it.


Hmm i love volume and due to that i went to subscribe for esignal so i can have a good data feed for my chart, but in a day like this volume is useless as malcolmb says ....i have been looking at smaller tf but the volume is not for me to buy all the same gj move up with low volume...i was short but cus loses ...but GJ as dont well on the technical side so let see how it play 160 is on the way new price level for this month i am thinking of a short on 55ema weekly chart so let see how it play
MY OPINION NOT FINANCIAL ADVISE
  • #180,359
  • Jun 1, 2009 10:04am Jun 1, 2009 10:04am
Quoting bigcoupe
Geez...

I bit the big one as well. All my analysis was thrown out the window.

Here's what I dont get. GM files bankruptcy, the largest company is US history to do so. Construction numbers come out real good and through the roof goes U/J and the DOW. WTF...?? I just dont get it. I just dont see how this could keep going on.

Congrats to those who made money.

B
You are correct but the fact is that it is all being "sold" as one "good news" package and the (stock) markets buy it. It's all stock market driven I think.
That's the thing I blame myself for as I underestimated this GM happening being sold as "fantastic" news.
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  • #180,360
  • Jun 1, 2009 10:05am Jun 1, 2009 10:05am
Another one of those days where following the goddam trend at ANY stage has u making greens .. very frustrating to be thinking "retrace, retrace retrace" and none forthcoming ... and miss very simple pips ..
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