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

  • #200,201
  • Sep 27, 2009 3:39pm Sep 27, 2009 3:39pm
Quoting rgitt05
You've been looking at my charts.

lol, we must be thinking the same I presume. WIll be intresting to see what the next 48hrs brings....apart from total misery for UK Stocks and our economy as a whole lol.
  • #200,202
  • Sep 27, 2009 3:42pm Sep 27, 2009 3:42pm
It is not officially open.
  • #200,203
  • Sep 27, 2009 3:44pm Sep 27, 2009 3:44pm
Quoting TheFutureAce
I am not picking on you. but why are u so worried about the retrace? its not like somebody is going to pay u million dollars for that?

go with the flow and think objectively...my 2 cents
not sure what you mean about paying me millions but

 

  1. because these things dont move in a straight line
  2. because its come down a very long way with no retrace at all

i have not mentioned going long, but it be safer to short from a retrace of some kind, but i also dont want to sit here scratching my balls waiting for a retrace that doesnt come for another 200 pips

  • #200,204
  • Sep 27, 2009 3:50pm Sep 27, 2009 3:50pm
just close some of your position. ie one third, or half
Secure some profits and still be in the game.

Quoting ewokuk
i have not mentioned going long, but it be safer to short from a retrace of some kind, but i also dont want to sit here scratching my balls waiting for a retrace that doesnt come for another 200 pips
  • #200,205
  • Sep 27, 2009 3:50pm Sep 27, 2009 3:50pm
Quoting ewokuk
not sure what you mean about paying me millions but

 

  1. because these things dont move in a straight line
  2. because its come down a very long way with no retrace at all

i have not mentioned going long, but it be safer to short from a retrace of some kind, but i also dont want to sit here scratching my balls waiting for a retrace that doesnt come for another 200 pips

The trading rule is that you have to yield to the bulls/bears when you start ur trade. offcourse like u say its not going to be a straight line. you have to give breathing room for the bulls/bears

but in the bigger picture the prices are going down. no retrace tells u how dynamic the bears are and that the bulls just dont have anything going with them. if this goes below 142.** then the next stop/fight is going to be 140
  • #200,206
  • Edited 4:05pm Sep 27, 2009 3:51pm | Edited 4:05pm
Quoting iziogas
just close some of your position. ie one third, or half
Secure some profits and still be in the game.
i dont HAVE a position thats the point, closed em all on friday. i just grabbed a short on gu at 1.5975, smaller than usual incase of a bounce but i wont miss the move it if the retrace doesnt come yet.

i dont tend to hold my positions long enough for swing trades as i dont like being 100+ pips up then potentilaly having it come all the way back and i get nothing, so i usually close them at the first sign of possible retrace.

something odd going on, oanda spreads are unusually low for this time of day, gj only at 13 pips instead of the normal 20-25 until asia. hmmmmm
  • #200,207
  • Sep 27, 2009 4:47pm Sep 27, 2009 4:47pm
how far is this gonna go down more?
  • #200,208
  • Sep 27, 2009 5:22pm Sep 27, 2009 5:22pm
good day to all..... whew.... its already down by 50+ pips.. and tokyo is still not yet open....
  • #200,209
  • Sep 27, 2009 5:23pm Sep 27, 2009 5:23pm
i mean 100....
  • #200,210
  • Sep 27, 2009 5:25pm Sep 27, 2009 5:25pm
wow
  • #200,211
  • Sep 27, 2009 5:28pm Sep 27, 2009 5:28pm
1st 100 of week .... could be some form of down trap.... watching for that

BUT the fact that price was marked down very rapidly both gu and gj thru Fridays support level is a sign that pros are expecting lower prices
Blogging daily now at www.volume.zone
  • #200,212
  • Sep 27, 2009 5:32pm Sep 27, 2009 5:32pm
I agree with you....this is not a safe place to put shorts on....142-141.50 area....were would be a safe place to get short.....

Quoting malcolmb14
1st 100 of week .... could be some form of down trap.... watching for that

BUT the fact that price was marked down very rapidly both gu and gj thru Fridays support level is a sign that pros are expecting lower prices
  • #200,213
  • Sep 27, 2009 5:34pm Sep 27, 2009 5:34pm
Quoting Robby
I agree with you....this is not a safe place to put shorts on....142-141.50 area....were would be a safe place to get short.....
in since 143

stacks buyers 141.50

if that break 140.30 target for asia
Blogging daily now at www.volume.zone
  • #200,214
  • Sep 27, 2009 5:35pm Sep 27, 2009 5:35pm
Quoting malcolmb14
1st 100 of week .... could be some form of down trap.... watching for that

BUT the fact that price was marked down very rapidly both gu and gj thru Fridays support level is a sign that pros are expecting lower prices

take note of that malc...thou.. im just a beginner i really learn some of the important things in this thread (except for quarreling with each other ) but still have many things to learn .


happy pipping everyone
  • #200,215
  • Sep 27, 2009 5:36pm Sep 27, 2009 5:36pm
shorted gu from 1.5975, added to it at 1.5950, and smaller ones at 1.5935 and 1.5889.

if it continues down i will probably chicken out and close em all near 1.5800 lol
  • #200,216
  • Sep 27, 2009 5:38pm Sep 27, 2009 5:38pm
Quoting malcolmb14
in since 143

stacks buyers 141.50

if that break 140.30 target for asia

blue line close friday
black line low

rapid mark down could be rapid mark down thru prior days lows , pros do this if they expect lower prices

massive buying 141.50

Attached Image (click to enlarge)
Click to Enlarge Name: chart705.png Size: 143 KB
Blogging daily now at www.volume.zone
  • #200,217
  • Sep 27, 2009 5:52pm Sep 27, 2009 5:52pm
Quoting malcolmb14
blue line close friday
black line low

rapid mark down could be rapid mark down thru prior days lows , pros do this if they expect lower prices

massive buying 141.50

Attachment
Didn't expect it to move down this fast ..
  • #200,218
  • Sep 27, 2009 5:53pm Sep 27, 2009 5:53pm
Quoting malcolmb14
blue line close friday
black line low

rapid mark down could be rapid mark down thru prior days lows , pros do this if they expect lower prices

massive buying 141.50

Attachment
call before the market opens mate - would have agreed during ldn hrs
  • #200,219
  • Sep 27, 2009 5:57pm Sep 27, 2009 5:57pm
Quoting mktjong
Didn't expect it to move down this fast ..

seems rapid moves this time asia down .. then london buying a little .. long retraces

then us rapid down
Blogging daily now at www.volume.zone
  • #200,220
  • Sep 27, 2009 6:00pm Sep 27, 2009 6:00pm
Quoting malcolmb14
seems rapid moves this time asia down .. then london buying a little .. long retraces

then us rapid down
139 is almost an easy target for today ..
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