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

  • #200,241
  • Sep 27, 2009 6:25pm Sep 27, 2009 6:25pm
i see a short target to 138.18 area
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Click to Enlarge Name: GBP_JPY Spot.png Size: 18 KB
  • #200,242
  • Sep 27, 2009 6:26pm Sep 27, 2009 6:26pm
I have a long off 140.10 with Sl at BE
Dr. C
  • #200,243
  • Sep 27, 2009 6:27pm Sep 27, 2009 6:27pm
That was a lot of buying volume but it sure didn't go very far.
  • #200,244
  • Sep 27, 2009 6:28pm Sep 27, 2009 6:28pm
Quoting malcolmb14
newbies THIS IS WHY THE BEAST IS CALLED THE BEAST ... KNOW THAT YOU ARE PLAYING WITH FIRE
C'mon Malcm be honest! Major Hot Lava, u meant to say
  • #200,245
  • Sep 27, 2009 6:29pm Sep 27, 2009 6:29pm
Quoting malcolmb14
that is not a weekly chart

reopn new short 140.50 no demand 3 min....

those were the good old day where account could be trebled in a day just trading the drops and reversals with 2.5 % risk per trade

newbies THIS IS WHY THE BEAST IS CALLED THE BEAST ... KNOW THAT YOU ARE PLAYING WITH FIRE

Attachment
I saw big volume on 140 area on m15 .. could be some profit takings or some kamikaze buyers ..
  • #200,246
  • Sep 27, 2009 6:29pm Sep 27, 2009 6:29pm
Quoting cvcamper
I have a long off 140.10 with Sl at BE

mad you are....lol

140 and ALL we got is 30 50 pip bounce so far and even that got hit with sellers

this could gap thru stop .... if liquidity dried up and there is gap in bid price ( it happens) ..200 pip 5 min candle you could get stopped out at -120 pip not break even

so manyh in fx think stops are 100% ... simple fact is if price drops so fast that bid is gapping down your stop will not get hit .. today has a feeling that kind oif thing could happen
Blogging daily now at www.volume.zone
  • #200,247
  • Sep 27, 2009 6:31pm Sep 27, 2009 6:31pm
Quoting ewokuk
i just said to someone else 315 pips before asia even opens, might be 1000 pips today lol
easy with that! My acct is on fire here!
  • #200,248
  • Sep 27, 2009 6:33pm Sep 27, 2009 6:33pm
Quoting bartstop
That was a lot of buying volume but it sure didn't go very far.

buying volume or profit taking on whole number ... they are very different and can look the same
Blogging daily now at www.volume.zone
  • #200,249
  • Sep 27, 2009 6:37pm Sep 27, 2009 6:37pm
now long look plausible we just saw a shake out on 5 min I am only selling as we tanked thru the lows of yesterday and looking for sells in 141 zone on a 38 % retrace of this down move. i will miss out on the up move if it happens but happy to do so .... it is part of my trading plan . Price under the lower value are and low of yesterday is sell rally days for me

I am in day trading mode.....
Blogging daily now at www.volume.zone
  • #200,250
  • Sep 27, 2009 6:38pm Sep 27, 2009 6:38pm
Yeah boy,

Now we are back to the good old days ..



Oh I forgot KABOOOOOOOOOOOOOOOOOOOOOOOOM
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[
  • #200,251
  • Sep 27, 2009 6:39pm Sep 27, 2009 6:39pm
Quoting malcolmb14
now long look plausible we just saw a shake out on 5 min I am only selling as we tanked thru the lows of yesterday and looking for sells in 141 zone on a 38 % retrace of this down move. i will miss out on the up move if it happens but happy to do so .... it is part of my trading plan . Price under the lower value are and low of yesterday is sell rally days for me

I am in day trading mode.....
Retrace to 141 max .. imo.
  • #200,252
  • Sep 27, 2009 6:41pm Sep 27, 2009 6:41pm
Quoting rgitt05
Yeah boy,

Now we are back to the good old days ..



Oh I forgot KABOOOOOOOOOOOOOOOOOOOOOOOOM
hmmm your chart says 1 step at a time, but i think it just skipped past a few steps and fell down the stairs
  • #200,253
  • Sep 27, 2009 6:41pm Sep 27, 2009 6:41pm
My bad, I meant BIG STEP to each fib level



Quoting ewokuk
hmmm your chart says 1 step at a time, but i think it just skipped past a few steps and fell down the stairs
[
  • #200,254
  • Sep 27, 2009 6:45pm Sep 27, 2009 6:45pm
this is usually the domain of lilmoe but since he isn't here.

http://www.forexfactory.com/attachme...4&d=1226415884
  • #200,255
  • Sep 27, 2009 6:47pm Sep 27, 2009 6:47pm
do you remember lilimoes post dj 7000 then back to 11000 then down to 5000 level .???

I am still blown away by this....

Quoting Eulogy
this is usually the domain of lilmoe but since he isn't here.

http://www.forexfactory.com/attachme...4&d=1226415884
Blogging daily now at www.volume.zone
  • #200,256
  • Sep 27, 2009 6:49pm Sep 27, 2009 6:49pm
Japan cannot stand having it's currency be this strong. They are going to have to try something drastic. The only question is whether it will be at january's low or if we see UJ getting down to 80.

The yen cannot keep strengthening while the japanese economy collapses. The question is at what point does the switch occur?
  • #200,257
  • Sep 27, 2009 6:49pm Sep 27, 2009 6:49pm
Quoting ewokuk
holy christ!! whats going on!?!?! gj already down 308 pips, asia not even open and its already tried 140
Asia was open.

These are Industrial limit sell orders.

When NY session drops as far as it did last Thursday and Friday it automatically triggers these to be filled on the opening of the following Asia session. There's billions of dollars of standing orders in Japanese and Chinese export deals that are hedged to limit losses.

That's why it drops so hard on open and then goes quiet.
  • #200,258
  • Sep 27, 2009 6:50pm Sep 27, 2009 6:50pm
Got Stopped at at BE... re entered at 139.80... and took profit at 140.68

Got out to early... I see retrace to around 141.50
Dr. C
  • #200,259
  • Sep 27, 2009 6:54pm Sep 27, 2009 6:54pm
Quoting cvcamper
Got Stopped at at BE... re entered at 139.80... and took profit at 140.68

Got out to early... I see retrace to around 141.50
at time you entered gj was still heading down .... nice call after fact

at least I mentioned long plausible after the 5 min candle ended so that EVERYONE could trade it ..lol
Blogging daily now at www.volume.zone
  • #200,260
  • Sep 27, 2009 6:55pm Sep 27, 2009 6:55pm
Quoting malcolmb14
do you remember lilimoes post dj 7000 then back to 11000 then down to 5000 level .???

I am still blown away by this....
i can't remember the specific post but the general idea was there.

I've even read about Tice, Faber, Pretcher seeing DJ down to 2-3k, Oil down to $20

Meanwhile i'm fading in some buy limit order on EURNZD between 2.03-2.04
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