Stock is getting higher at the end of the day, so I dont think any retrace that much between now to tokyo open. My chart messed for now by the hummer, I can read any diretion for now lolz
how do you think guys?
how do you think guys?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #189,822
- Aug 19, 2009 3:43pm Aug 19, 2009 3:43pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #189,823
- Aug 19, 2009 3:43pm Aug 19, 2009 3:43pm
- | Joined Jul 2008 | Status: Trader | 2,130 Posts
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
- #189,824
- Edited 3:58pm Aug 19, 2009 3:48pm | Edited 3:58pm
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
that bottom target is not going to get hit unless it drops down in a straight line 
. more likely target is 150 by the time its worked its way down there as we will be well into london at least by then if it goes that way (actually thats a 500 pip drop which is very unlikely so if it goes that way probably wont be until friday).
But I am thinking if it can break that LTL which will be just under 154 tomorrow, then we will likely see 147 again.
. more likely target is 150 by the time its worked its way down there as we will be well into london at least by then if it goes that way (actually thats a 500 pip drop which is very unlikely so if it goes that way probably wont be until friday).But I am thinking if it can break that LTL which will be just under 154 tomorrow, then we will likely see 147 again.
- #189,825
- Aug 19, 2009 3:59pm Aug 19, 2009 3:59pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
that bottom target is not going to get hit unless it drops down in a straight line
But I am thinking if it can break that LTL which will be just under 154 tomorrow, then we will likely see 147 again.
If we dont Break 153.. Then we are seeing 160 again.Option expiry will do the trick both ways..
Markets are not Random, they are designed!
- #189,826
- Aug 19, 2009 4:05pm Aug 19, 2009 4:05pm
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
yeah but warta has been taking something even stronger than yours
pretty clear though on 1h and 4h that its been trending down since the high on 7th august, unless it breaks UTL which is going to come in somewhere between 156 and 156.50 tonight/tomorrow then downtrend remains intact. again retail sales in the morning might decide which way we go.
since august 2008 that retail sales figure has beaten the forecast 10 times out of 13 which is making me nervous about my short.
pretty clear though on 1h and 4h that its been trending down since the high on 7th august, unless it breaks UTL which is going to come in somewhere between 156 and 156.50 tonight/tomorrow then downtrend remains intact. again retail sales in the morning might decide which way we go.
since august 2008 that retail sales figure has beaten the forecast 10 times out of 13 which is making me nervous about my short.
- #189,827
- Aug 19, 2009 4:09pm Aug 19, 2009 4:09pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
hello Malcolmb, since the begin of Aug volume dropped: is that just holiday season?
Here where I live we work now and have summer holiday during Christmas December.
Not familiar with the length and timing of US "trading" holidays.....
Here where I live we work now and have summer holiday during Christmas December.
Not familiar with the length and timing of US "trading" holidays.....
- #189,830
- Aug 19, 2009 4:48pm Aug 19, 2009 4:48pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
hello Malcolmb, since the begin of Aug volume dropped: is that just holiday season?
Here where I live we work now and have summer holiday during Christmas December.
Not familiar with the length and timing of US "trading" holidays.....
Blogging daily now at www.volume.zone
- #189,831
- Aug 19, 2009 4:48pm Aug 19, 2009 4:48pm
hello Malcolmb, since the begin of Aug volume dropped: is that just holiday season?
Here where I live we work now and have summer holiday during Christmas December.
Not familiar with the length and timing of US "trading" holidays.....
and thus often makes news or charts less valuable. All due to lack of market liquidity! Hope this answers your question a bit.
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The holidays or summer holidays you refer to is mostly in Europe. Traditionally August is the main holiday month. Expect companies (whatever sort of) are on 1/3 of staff. That's why London market is pretty thin as most traders are on holidays. This also causes extra volatility
and thus often makes news or charts less valuable. All due to lack of market liquidity! Hope this answers your question a bit.
thanks bro.When you say it is mostly in Europe does that then imply that US's holidays are more spread over the year? from a trading / volume perspective?
- #189,834
- Aug 19, 2009 5:01pm Aug 19, 2009 5:01pm
When you say it is mostly in Europe does that then imply that US's holidays are more spread over the year? from a trading / volume perspective?
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That is partially corect. Europeans have one average like 5 to 6 weeks holidays a year, Americans often not more as 2 weeks. Europeans always take their main (summer) holidays in July and most countries August for a 3 week and sometimes even 4 week period at once, whereas Americans take a week or so.
- #189,838
- Aug 19, 2009 8:05pm Aug 19, 2009 8:05pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #189,840
- Edited 8:36pm Aug 19, 2009 8:16pm | Edited 8:36pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!