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

  • #198,781
  • Sep 18, 2009 10:44am Sep 18, 2009 10:44am
UK Chancellor Darling is holding meetings with senior civil servants asking them where saving can be made.
We really are in the shite.






  • #198,782
  • Sep 18, 2009 10:46am Sep 18, 2009 10:46am
This is still THE funniest thread on the whole interwebs, I love you all, you never cease to have me in absolute hysterics... attached is my favourite in the last few pages. Other than the volume ones of course!

Thanks for making my friday!
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Ignorance, is blatantly, bliss.
  • #198,783
  • Sep 18, 2009 10:50am Sep 18, 2009 10:50am
I am also long, but at 148.53...Do not plan to hold it over the weekend though... will take what ever profits I can get.
Quoting Robby
Well I am with you long at 148.50...time for short covering...
  • #198,784
  • Sep 18, 2009 10:55am Sep 18, 2009 10:55am
Quoting donfriday
bro check EU for me...this bitch Aint moving at all....what sup with eu and ej
fiber is attracted to FE 261.8% wich is also UTL of current upward channel.
i wonder if he reach his target

also there is small bearish div on daily and possible rejection of uptrend on weekly TF
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  • #198,785
  • Sep 18, 2009 10:56am Sep 18, 2009 10:56am
Quoting thewasp
This is still THE funniest thread on the whole interwebs, I love you all, you never cease to have me in absolute hysterics... attached is my favourite in the last few pages. Other than the volume ones of course!

Thanks for making my friday!

hahahha if raza catch u i swear u win not like urself...this is wat padorabox call Big br**st
MY OPINION NOT FINANCIAL ADVISE
  • #198,786
  • Sep 18, 2009 11:01am Sep 18, 2009 11:01am
Quoting 5ysfx
fiber is attracted to FE 261.8% wich is also UTL of current upward channel.
i wonder if he reach his target

also there is small bearish div on daily and possible rejection of uptrend on weekly TF

Thanks Bro..hope u enjoy me today...it's me and i am friday it was a good trade ...
MY OPINION NOT FINANCIAL ADVISE
  • #198,787
  • Sep 18, 2009 11:02am Sep 18, 2009 11:02am
Quoting Maks
Malcolmb, what is your view on Euro? Damn thing has stuck in the ceiling and does not want to get down and can't get any higher either. There are neither technical nor fundamental things that would keep it up, but still, Euro violates the gravity law.
euro makes no sense .... but remember before anything can go down hard ... they will squeeze all they can out of her


4750 on weekly is a crtitical level and one to watch for any signs of weakness on daily charts.
Blogging daily now at www.volume.zone
  • #198,788
  • Sep 18, 2009 11:06am Sep 18, 2009 11:06am
Quoting malcolmb14
euro makes no sense .... but remember before anything can go down hard ... they will squeeze all they can out of her


4750 on weekly is a crtitical level and one to watch for any signs of weakness on daily charts.

Thank you, Malcolmb. My impression on Euro that there is a battle going on. The Swiss National Bank made intervention few days ago and kicked it down through 146, than some Asian banks kicked it up all the way to 147 and it is hard to tell what is going to happen to it next when the banks are playing with it to have nice quarterly/annual reports
  • #198,789
  • Sep 18, 2009 11:06am Sep 18, 2009 11:06am
Quoting malcolmb14
euro makes no sense .... but remember before anything can go down hard ... they will squeeze all they can out of her


4750 on weekly is a crtitical level and one to watch for any signs of weakness on daily charts.
As I said yesterday, I see a new candle pattern on Eur index: Four White Soldiers...

Pretty amazing how strong € is!

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Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #198,790
  • Sep 18, 2009 11:09am Sep 18, 2009 11:09am
Quoting JhonMonsalve
Yes, I'm doing a swing trading on GChf, I'm waiting for a retest of the break out @172.55 or near, if we get there, I really doubt about it, my last TP is @1.66
Chart:

Attachment
Hey marcb, I'm so close to my TP @ 1.66, hope you're catch some pips there

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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #198,791
  • Sep 18, 2009 11:09am Sep 18, 2009 11:09am
well ....

lets make a few comments on this for now ...

those that took longs at 148.xx are taking VERY high risk... sure there will be bounces on our way down with 50 pip reatrces but have you evcer tried standing in a dry river bed just before they open the dam... sure at times when the water comes you will get a gasp of air , but you will be drowned

reality this wants to test 148.... that is the place to look for longs IMHO...that is the major support . Until that is hit and we see reaction to it , selling rallies is way to go
Blogging daily now at www.volume.zone
  • #198,792
  • Sep 18, 2009 11:12am Sep 18, 2009 11:12am
Quoting Maks
Thank you, Malcolmb. My impression on Euro that there is a battle going on. The Swiss National Bank made intervention few days ago and kicked it down through 146, than some Asian banks kicked it up all the way to 147 and it is hard to tell what is going to happen to it next when the banks are playing with it to have nice quarterly/annual reports

i hate euro anyway

GJ is much easier to trade .. more predictable...

and why trade euro when gu has been producing such lovely up and down moves all week .. all very predictable also
Blogging daily now at www.volume.zone
  • #198,793
  • Sep 18, 2009 11:12am Sep 18, 2009 11:12am
Im off for the weekend lads, out for a nice meal tonight with my better half, Have a nice weekend and thanks for the conflicting opinions that make me look at every trade with more cautionhttp://www.wine-flair.com/uploaded_i...ine-791419.jpg
  • #198,794
  • Sep 18, 2009 11:13am Sep 18, 2009 11:13am
I tend to agree with you in regards to most indicators. However I would like to challenge you on two points.

1. Moving Averages:

Everyone uses these. They may not call it that, but they use them. Moving averages are nothing more than a calculated average of past events calculated real time. I often hear, from what you call "real traders" either stock or commodities "We are above/below the 30/60/yearly average". Referencing current PRICE to the past average PRICE is relevant.

Do I believe in MA crosses etc...? Absolutely not. Using a moving average as a natural resistance/support level is a proven technique.

2. Fibs

Granted a true trader generally does not use this. However, as an engineer we use Fibonacci code or Zeckendorf's theorem in RF analysis to determine otherwise chaotic behavior. From a pure mathematical standpoint, it does hold weight time and time again in many ways. I am not saying the market will move in that manner, but as an engineer, I do find it a useful tool in trading.

Que

Quoting thewasp
This is still THE funniest thread on the whole interwebs, I love you all, you never cease to have me in absolute hysterics... attached is my favourite in the last few pages. Other than the volume ones of course!

Thanks for making my friday!
Que
  • #198,795
  • Sep 18, 2009 11:17am Sep 18, 2009 11:17am
Quoting malcolmb14
well ....

lets make a few comments on this for now ...

those that took longs at 148.xx are taking VERY high risk... sure there will be bounces on our way down with 50 pip reatrces but have you evcer tried standing in a dry river bed just before they open the dam... sure at times when the water comes you will get a gasp of air , but you will be drowned

reality this wants to test 148.... that is the place to look for longs IMHO...that is the major support . Until that is hit and we see reaction to it , selling rallies is way to go
you meant 146?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #198,796
  • Sep 18, 2009 11:18am Sep 18, 2009 11:18am
Quoting malcolmb14
well ....

lets make a few comments on this for now ...

those that took longs at 148.xx are taking VERY high risk... sure there will be bounces on our way down with 50 pip reatrces but have you evcer tried standing in a dry river bed just before they open the dam... sure at times when the water comes you will get a gasp of air , but you will be drowned

reality this wants to test 148.... that is the place to look for longs IMHO...that is the major support . Until that is hit and we see reaction to it , selling rallies is way to go
IMHO...if eu remain like this it can be another buy dip? we might test 146.70 ....oh what u think
MY OPINION NOT FINANCIAL ADVISE
  • #198,797
  • Sep 18, 2009 11:26am Sep 18, 2009 11:26am
cable has reach my target so i long here SMA100 daily which is 16235
  • #198,798
  • Sep 18, 2009 11:29am Sep 18, 2009 11:29am
Quoting 5ysfx
cable has reach my target so i long here SMA100 daily which is 16235
Nice place to go long

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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #198,799
  • Sep 18, 2009 11:34am Sep 18, 2009 11:34am
Quoting Que
I tend to agree with you in regards to most indicators. However I would like to challenge you on two points.

1. Moving Averages:

Everyone uses these. They may not call it that, but they use them. Moving averages are nothing more than a calculated average of past events calculated real time. I often hear, from what you call "real traders" either stock or commodities "We are above/below the 30/60/yearly average". Referencing current PRICE to the past average PRICE is relevant.

Do I believe in MA crosses etc...? Absolutely not. Using a moving...
que...

moving averages are used by many traders .. I like the 14 wma ... price above this on a 15 min chart and heading up price action bullish , buy dips 5 min , oppsoite for sells...

the interesting thing about a moving average that no one talks about is this

WHEN PRICE MOVES TO FAR AWAY FROM ITS MOVING AVERAGE IT WILL ALWAYS COME BACK TO IT OR WAIT TILL THE MOVING AVERAGE COMES CLOSER TO PRICEI N A SIDEWAYS CONSOLIDATION. This is just based on observations of stats (as one engineer geek to another lol..I am civil / structural engineer)



1st chart is 15 min with 14wma

fibs I think are a perception tool used by many traders and auto trading computer programs. They seem to work like magic and I have always been amazed by this.

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Blogging daily now at www.volume.zone
  • #198,800
  • Sep 18, 2009 11:41am Sep 18, 2009 11:41am
Malc,

I think you should reread my post. I agree with you and my charts have MA for s/r levels.

I am pretty sure I agreed about the fibo's as well.

My point was.... Even though I have personally made over 50 different indicators (Including the first QQE and Momentum used for MT4 on this thread), I do not believe in anything but the two I posted.

I will note, I often throw on and take off Stoch's, usually as a reference for other points I am making on the forum. That being said, Stoch's has no impact on my decision to buy or sell. It just makes it easier to explain my charts. Whenever I post a naked chart (Yea I call having MA's as s/r naked) people tend to go "Huh?".

Que

Quoting malcolmb14
que...

moving averages are used by many traders .. I like the 14 wma ... price above this on a 15 min chart and heading up price action bullish , buy dips 5 min , oppsoite for sells...

the interesting thing about a moving average that no one talks about is this

WHEN PRICE MOVES TO FAR AWAY FROM ITS MOVING AVERAGE IT WILL ALWAYS COME BACK TO IT OR WAIT TILL THE MOVING AVERAGE COMES CLOSER TO PRICEI N A SIDEWAYS CONSOLIDATION. This is just based on observations of stats (as one engineer geek to another lol..I am civil / structural engineer)...
Que
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