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

  • #188,641
  • Aug 12, 2009 9:06am Aug 12, 2009 9:06am
Quoting malcolmb14
almost reached that 155 i pmed you about.

nice place to go long on the doji 15 min charts 156. Looks like you will get you 160 .. NICE trading
just noticed pm.. just wrote you back lol.. thanks.. actually closed all trades. usually nap around now. I should have held longer but my eyes are popping out and i don't think as well.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #188,642
  • Aug 12, 2009 9:10am Aug 12, 2009 9:10am
FOMC would be crazy to do anything with the interest rates now--all these
recession is over talk is driving me crazy---when companies start making
money without the excessive cost cuttin and the economy actually produces jobs--then maybe we can talk...

Jeez---geppy is not interested in testing the Lows--lol
  • #188,643
  • Aug 12, 2009 9:12am Aug 12, 2009 9:12am
Quoting england33
just noticed pm.. just wrote you back lol.. thanks.. actually closed all trades. usually nap around now. I should have held longer but my eyes are popping out and i don't think as well.
What is that Indy on your chart - the thick green and red one pls??
  • #188,644
  • Aug 12, 2009 9:13am Aug 12, 2009 9:13am
they arent going to do anything with interest rates, thats a given. they may however mention more about recovery and put out a generally more optimistic view in the minutes.

but this up move is madness, its not even news driven its just flying up for no apparent reason, gu up 300 pips off the low and over 150 pips in the last 45 mins!
  • #188,645
  • Aug 12, 2009 9:14am Aug 12, 2009 9:14am
Quoting Eulogy
is that the russian HMA line?
woops actually no it's the HA_Trend. it's not much different than several other slope indicators with different names. i like it because when i'm tired it is very large and visual to look at but it's not part of my trade plan just to look at lol.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #188,646
  • Aug 12, 2009 9:15am Aug 12, 2009 9:15am
Quoting SwissKinseb
Hit target with +60 Pips, my second target is 158.90
second Target hit at 158.90 = 60 + 100 = 160 Pips
  • #188,647
  • Aug 12, 2009 9:18am Aug 12, 2009 9:18am
Big volume spikes on the VSA indi 5min TF. More buyers coming in or sellers jumping in. Sure doesnt look like sellers to me. Guess we'll know soon

Malcolmb, as the resident volume authority, your thoughts?
  • #188,648
  • Aug 12, 2009 9:19am Aug 12, 2009 9:19am
next target could be Aug.10 high @ 160.26
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  • #188,649
  • Aug 12, 2009 9:19am Aug 12, 2009 9:19am
Quoting ewokuk
they arent going to do anything with interest rates, thats a given. they may however mention more about recovery and put out a generally more optimistic view in the minutes.

but this up move is madness, its not even news driven its just flying up for no apparent reason, gu up 300 pips off the low and over 150 pips in the last 45 mins!
Don't suppose you have a chart showing volume you could post do you? Don't have access to it at the moment.
  • #188,650
  • Aug 12, 2009 9:20am Aug 12, 2009 9:20am
Quoting ewokuk
they arent going to do anything with interest rates, thats a given. they may however mention more about recovery and put out a generally more optimistic view in the minutes.

but this up move is madness, its not even news driven its just flying up for no apparent reason, gu up 300 pips off the low and over 150 pips in the last 45 mins!
a mark-up to me. Pros want to sell higher after the FOMC decision. Has it scared the shorts yet? lol.

My bias is still short despite this move.
  • #188,651
  • Aug 12, 2009 9:20am Aug 12, 2009 9:20am
Quoting gillybabe
What is that Indy on your chart - the thick green and red one pls??
it's the HA_Trend.. You will find it in the attachments of this thread.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #188,652
  • Aug 12, 2009 9:20am Aug 12, 2009 9:20am
1min rsi over 70 and has been for a while, 5min rsi over 70, 15min rsi over 70. this gotta give me a short very soon!
  • #188,653
  • Aug 12, 2009 9:21am Aug 12, 2009 9:21am
Quoting ewokuk
they arent going to do anything with interest rates, thats a given. they may however mention more about recovery and put out a generally more optimistic view in the minutes.

but this up move is madness, its not even news driven its just flying up for no apparent reason, gu up 300 pips off the low and over 150 pips in the last 45 mins!
watching --move was pretty fast...
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  • #188,654
  • Aug 12, 2009 9:22am Aug 12, 2009 9:22am
Quoting srekcah24
so what is ur idea bout gj n gu ... we would like to hear from u

well gu ... the last time we saw that doji on weekly back in nov 07 , it dropped fast ,,,complete , then retraced 61.8% of initial drop . That could take us back to 1.,6800.

BUt with so much being held on the fomc anything could happen


There has been definate buying gu overnight and the initial drop was on low volume . I mentioned this was bothering me earlier in the week.

GJ came right off a support level 156 on daily , was a nice short ride. If the GU plays out as i think it might GJ may be destimed for 163.50 test once more , we cannot ignore the maings of a morning start on the daily ... we just have to see if it completes

i took the long off 157.60 today , much like a few others. I closed at 159 , although this could go to 159.40 / 160 . I do not like the fast up move in the markets .it looks way to trappish for me

The US stock markets took off for no apparent reason and that metting that I mentioned between Alabama state bankong board and Colonial bank was CANCELLED .what all of a sudden they are liquid and have a debt to asset ratio of more than 95% ? something stinks there. The bank may be to big to fail or state banking board has been ordered to keep its mouth shut by feds.

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Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #188,655
  • Aug 12, 2009 9:23am Aug 12, 2009 9:23am
Quoting ewokuk
s+p is going to the mooooooooooooooooon


2 posssibilities.

  1. they know fomc will be more upbeat after the employment report, so will say something to cause things to fly up and they are getting in early
  2. they are ramming it up to get everyone long before fomc causes it all to plummet back down again

im thinking 1 is more likely. unfortunately i missed going long on gj from 157.50 while in the process of being taken out at BE on my short GU so too late to do anything now


and notice that GU is not following...

I vote #2
Blogging daily now at www.volume.zone
  • #188,656
  • Aug 12, 2009 9:24am Aug 12, 2009 9:24am
Quoting uksnowman
Don't suppose you have a chart showing volume you could post do you? Don't have access to it at the moment.
Volume isn't massive considering te size of the last bar. Pros are involved for sure, but they're doing just enough to make the move seem significant.
It might be for all I know, but I smell manipulation.

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  • #188,657
  • Aug 12, 2009 9:25am Aug 12, 2009 9:25am
Quoting SwissKinseb
second Target hit at 158.90 = 60 + 100 = 160 Pips

you know what .. post something of use .. yes it is exciting for newbie to make pips and we are all happy for you.

Please post chart , reason for entry etc etc . That is more useful . and be mindful that some are getting hammered in this up move. So they do not need some trader saying how wonderful they are doing.

we can all post how brilliant we are . England for going long while it was dropping , buying in stages and closing out with stacks of pips , me for calling 700 pip down move gj and 600 pip down move gu at start of week 9 yes i did get most of the pips) , etc etc
Blogging daily now at www.volume.zone
  • #188,658
  • Aug 12, 2009 9:26am Aug 12, 2009 9:26am
Quoting ukdaytrader
Volume isn't massive considering te size of the last bar. Pros are involved for sure, but they're doing just enough to make the move seem significant.
It might be for all I know, but I smell manipulation.

Attachment

I am sitting here looking at news wires .... i cannot see anything to justify this move .. something looks odd. Could be mark up
Blogging daily now at www.volume.zone
  • #188,659
  • Aug 12, 2009 9:29am Aug 12, 2009 9:29am
good job bulls , i'm bad today no position , market owned me today
waited pound @ 16350 on london session
  • #188,660
  • Aug 12, 2009 9:30am Aug 12, 2009 9:30am
it does look very sispicious cos there isnt any real reason for such a big hard up move, no news of any kind, no events, nothing.

id like to short it but with the moving being that powerful im just too nervous to do it. and i cant go long now as the move surely cannot have much further to go, its already beaten its average daily range by almost 100 pips.

so im stuck twiddling my thumbs
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