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

  • #193,801
  • Sep 2, 2009 6:28pm Sep 2, 2009 6:28pm
Quoting 5ysfx
to confuse all of u lol

fibo confluence area 14850-149

If bullish div failed and zone broken somehow i expect 600 pips fall almost in straight line but this unlikely scenario
Let us first try to reach 60 pips range today and then we can start thinking about this 600 pips
  • #193,802
  • Sep 2, 2009 6:32pm Sep 2, 2009 6:32pm
Quoting malcolmb14
i day trade .. if it gets above 150.50 then i will look for longs .

I use something called value area of prior day , today we were bouncing off point of control yesterday ALL day. Very easy pipping.

If tomorrow I come to my computer and price is above the point of control of today and moving towards upper value area of today then I will be looking for longs , if already above the upper vlaue are of today then i look for longs

ES today ... yesterday close 998 .. every time it could not get thru it sell ...just doibng this 20 points to be had...
for sure..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #193,803
  • Sep 2, 2009 6:37pm Sep 2, 2009 6:37pm
sitting here and scrathing head ...

'why everyone so bullish'

price could not even touch 50 % of yesterdays daily candle.. that is not bullish that is rest before next 500 pip move down ...lol

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Blogging daily now at www.volume.zone
  • #193,804
  • Sep 2, 2009 6:39pm Sep 2, 2009 6:39pm
Quoting malcolmb14
sitting here and scrathing head ...

'why everyone so bullish'

price could not even touch 50 % of yesterdays daily candle.. that is not bullish that is rest before next 500 pip move down ...lol

Attachment
which price if we reach it you will be bullish with me ?
  • #193,805
  • Sep 2, 2009 6:44pm Sep 2, 2009 6:44pm
Quoting msniper
which price if we reach it you will be bullish with me ?
u might be right my friend
this is really insane
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  • #193,806
  • Sep 2, 2009 6:45pm Sep 2, 2009 6:45pm
Quoting msniper
which price if we reach it you will be bullish with me ?
I like your 147 zone ....then a little bounce 200 to 300 pips then lets see what is going on from there

The thing is Gj stayed static today while GU went up 150 pip , what is today was mark up on gu and we see down day tomorrow... seems gj wants to react better to bear days then bull days on GU
Blogging daily now at www.volume.zone
  • #193,807
  • Sep 2, 2009 6:47pm Sep 2, 2009 6:47pm
isnt that the beauty of a market

2 ppl cant look at same chart and come up with 2 entirely diff scenario's

and 1 thing is for certain from these observtions

It will always produce a loser
"Millionaires don't use astrology, billionaires do"
  • #193,808
  • Sep 2, 2009 6:48pm Sep 2, 2009 6:48pm
Quoting malcolmb14
sitting here and scrathing head ...

'why everyone so bullish'

price could not even touch 50 % of yesterdays daily candle.. that is not bullish that is rest before next 500 pip move down ...lol

Attachment
I guess it's time just to be extra precautious. It's because if you really look at your chart, the last low that we just had is more or less the closed of the candle before our previous rally to 163. I'm not suggesting a trend chance but we might have a major pullback, perhaps back to 153 area from daily pattern (what I mean is maybe a typical breakout retest pattern but this time from the daily TF).
  • #193,809
  • Sep 2, 2009 6:49pm Sep 2, 2009 6:49pm
Quoting malcolmb14
I like your 147 zone ....then a little bounce 200 to 300 pips then lets see what is going on from there

The thing is Gj stayed static today while GU went up 150 pip , what is today was mark up on gu and we see down day tomorrow... seems gj wants to react better to bear days then bull days on GU
GJ intraday looks like a white noise chart, absolutely 0 drift. You must think you've died and gone to heaven
  • #193,810
  • Sep 2, 2009 6:54pm Sep 2, 2009 6:54pm
all i am waiting for is MoM to close above this trend then i will say byebye short

once this close above i will enter with 8% risk so the total will be 15% risk
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  • #193,811
  • Edited 7:10pm Sep 2, 2009 6:55pm | Edited 7:10pm
If it doesn't get back into triangle may be down, please?
http://www.forexfactory.com/attachme...1&d=1251936512
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  • #193,812
  • Sep 2, 2009 6:55pm Sep 2, 2009 6:55pm
Quoting malcolmb14
sitting here and scrathing head ...

'why everyone so bullish'

price could not even touch 50 % of yesterdays daily candle.. that is not bullish that is rest before next 500 pip move down ...lol

Attachment
Mal, this is a daily chart. See the high volume with low spread and closed above the mid level. This is a bullish sign, right?
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  • #193,813
  • Sep 2, 2009 6:56pm Sep 2, 2009 6:56pm
Quoting msniper
all i am waiting for is MoM to close above this trend then i will say byebye short

once this close above i will enter with 8% risk so the total will be 15% risk
WOW!! 15% risk on pullback??? You really have guts ma man... Normally I only risk 5% max on a trade but only half of it on pullbacks... That's huge risk ma man.. I hope you really know what you're doing bro..
  • #193,814
  • Sep 2, 2009 7:01pm Sep 2, 2009 7:01pm
Quoting A-speculator
WOW!! 15% risk on pullback??? You really have guts ma man... Normally I only risk 5% max on a trade but only half of it on pullbacks... That's huge risk ma man.. I hope you really know what you're doing bro..
by the way this first time i open with 7% now

i never go below 10%

some people freak out when they see 10% down for their account because 100pips down for me its all cool i got used to it. at the end am gonna be in huge profit
  • #193,815
  • Sep 2, 2009 7:01pm Sep 2, 2009 7:01pm
as i said a im going to buy near 149 area due to bullish div on h3
if support broken 143 is next later in this week

one thing is sure we cannot continue falliing in such angle either we retrace to 15370 area then drop to 143-137 or fall directly to desired level.
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  • #193,816
  • Sep 2, 2009 7:10pm Sep 2, 2009 7:10pm
Quoting msniper
by the way this first time i open with 7% now

i never go below 10%

some people freak out when they see 10% down for their account because 100pips down for me its all cool i got used to it. at the end am gonna be in huge profit
Another thing I don't get it, why you risk to add more position on a pullback? I think it's enough just to have only 1 position. Anyway, we're suppose to trade in the direction of the trend and having profit in a pullback is just a bonus. Don't you think so?
  • #193,817
  • Sep 2, 2009 7:10pm Sep 2, 2009 7:10pm
I am committed Short Expect GJ to be trading below 149 area around 148.50 area atleast may be bounce from 146.80 area . i believe down move in uj below 91.85 will take gj take down decisively .Dont forget the change of ruling party is quite significant unlike Previous LDP party recently elected back strong yen and any yen bullish statement can srengthen yen quite a bit .
  • #193,818
  • Sep 2, 2009 7:14pm Sep 2, 2009 7:14pm
One analyst's take (think he's an ex Thomson FX analyst, and former bank trader):

Are Japanese retail accounts usually wrong?

"Japanese retail accounts heavily short JPY

This is anecdotal evidence from one of the big Japanese institutional players. Their research shows that the segment of the Japanese retail market which they studied is long the equivalent of about 1.5 billion EUR/JPY and USD/JPY. The overall market is likely to be long a lot more than this.

USD/JPY about to take centre stage

...After the rangebound efforts of USD/JPY for the last 9 months, that is perhaps a big call but I think it is USD/JPY which might lead the next big move. ....there has been semi-official buying in the pair which shows that the authorities are also worried. It will be interesting to see whether the new government continue with the intervention policy or if they allow the JPY to strengthen as many have assumed. Dealers told me earlier in the week of some very large stop-loss selling below 91.50 and particularly below 91.00. If these levels go then we might also see the JPY crosses hit hard."
  • #193,819
  • Sep 2, 2009 7:17pm Sep 2, 2009 7:17pm
Quoting A-speculator
Another thing I don't get it, why you risk to add more position on a pullback? I think it's enough just to have only 1 position. Anyway, we're suppose to trade in the direction of the trend and having profit in a pullback is just a bonus. Don't you think so?
i am not trading a pullback

i am trading for a reversal

because my chart tells me we will reverse so i should trade my chart not what other people chart

this will be a swing trade
  • #193,820
  • Sep 2, 2009 7:22pm Sep 2, 2009 7:22pm
holy cow better short everything imported from asia

and long rice futures LOL
"Millionaires don't use astrology, billionaires do"
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