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

  • #206,941
  • Nov 5, 2009 6:45am Nov 5, 2009 6:45am
Patience folks. Plenty of time for this news to be properly manipulated/digested.
  • #206,942
  • Nov 5, 2009 6:47am Nov 5, 2009 6:47am
Quoting altrader
That's right. It shot up and so every other tom dick and harry jumped in as well. What's the bet this thing drops like a rock within the next hour or so?
it wouldnt surprise me if the clever ones were sitting there waiting to sell the crap out of it at a better price once the peons have finished clicking the buy button

too much going on at the moment with eur rate and press conferences coming up, could go anywhere in the next couple of hours.
  • #206,943
  • Nov 5, 2009 6:51am Nov 5, 2009 6:51am
Quoting gammase1
The market is not the stupid one in this debate, I promise you.

Trade what you see and never what you think.
One of the three main statements that the technical analysis is based on is:

 

  1. The martket considers everything.


So gammase your right.

  • #206,944
  • Nov 5, 2009 6:56am Nov 5, 2009 6:56am
Quoting ukdaytrader
It's a load of bollox we can all see that. I expect a pretty big fall once the shakeouts are complete, but we'l see.....
agreed - but i hate to admit that these shakeouts keep fooling me ...

yet i keep bangin my head against that brick wall ....
  • #206,945
  • Nov 5, 2009 7:20am Nov 5, 2009 7:20am
Quoting cannarek
bulls rule I won't say 'haven't I told you'

yup they really ruled in Asia ....lol

this is ranging conditions setting up for some form of big move (1000 pip trend )
150.50 is sell zone , 148.50 buy zone

I sold of same price I sold off in asia when I woke up this morning (150.45) , took half and stop be other half.

enjoy
Blogging daily now at www.volume.zone
  • #206,946
  • Nov 5, 2009 7:20am Nov 5, 2009 7:20am
Quoting pipmyride
agreed - but i hate to admit that these shakeouts keep fooling me ...

yet i keep bangin my head against that brick wall ....
I feel ya brother. Last Thurs and Fri were shockers for me. Aah, the beauty of hedging. lol
  • #206,947
  • Nov 5, 2009 7:24am Nov 5, 2009 7:24am
In my experience, it is generally a bad idea to trade on days with interest rate announcements etc or big news. Price can go anywhere in a hurry. No stop loss on the gpb/jpy can decimate a trading account very quickly.

Quoting pipmyride
agreed - but i hate to admit that these shakeouts keep fooling me ...

yet i keep bangin my head against that brick wall ....
  • #206,948
  • Nov 5, 2009 7:39am Nov 5, 2009 7:39am
ok buyers off yesterday vwap .... 150 ...

targets 150.68 if that breaks 151.30

not a ton of vol yet , maybe will come later

Attached Image (click to enlarge)
Click to Enlarge Name: chart1078.png Size: 170 KB
Blogging daily now at www.volume.zone
  • #206,949
  • Nov 5, 2009 7:46am Nov 5, 2009 7:46am
Quoting malcolmb14
ok buyers off yesterday vwap .... 150 ...

targets 150.68 if that breaks 151.30

not a ton of vol yet , maybe will come later

Attachment
but even IF that [151.30] breaks, then you'll get your 1000pips, but towards NORTH,

Fishy or not.. the inverse pattern on 4h and daily is developing..Hopefully we can get some rejection from this levels or 151.30
  • #206,950
  • Nov 5, 2009 7:53am Nov 5, 2009 7:53am
Quoting malcolmb14
ok buyers off yesterday vwap .... 150 ...

targets 150.68 if that breaks 151.30

not a ton of vol yet , maybe will come later

Attachment

150.60 held , sellers off 150.50

gu 15 min looking toppy

not buying up move in ES got hit with sellers 1052
Blogging daily now at www.volume.zone
  • #206,951
  • Nov 5, 2009 8:01am Nov 5, 2009 8:01am
Quoting malcolmb14
150.60 held , sellers off 150.50

gu 15 min looking toppy

not buying up move in ES got hit with sellers 1052

150 holding , top 150.50

very nice 50 pip range...

i think break tp upside during us market open
Blogging daily now at www.volume.zone
  • #206,952
  • Nov 5, 2009 8:07am Nov 5, 2009 8:07am
Quoting malcolmb14
150 holding , top 150.50

very nice 50 pip range...

i think break tp upside during us market open

gu heading down ....for now ....

gj in nasty range , wait for clearer direction Gu seems easier to trade right now
Blogging daily now at www.volume.zone
  • #206,953
  • Nov 5, 2009 8:08am Nov 5, 2009 8:08am
i am right with you malcomb14
High risk High return!
  • #206,954
  • Nov 5, 2009 8:09am Nov 5, 2009 8:09am
non farm productivity up 9.5%. That is an absolutely hideous number. It literally means the average US worker received a big paycut for the same amount of work. Unsurprisingly, unit labor costs took a massive hit.
  • #206,955
  • Nov 5, 2009 8:22am Nov 5, 2009 8:22am
Quoting Eulogy
non farm productivity up 9.5%. That is an absolutely hideous number. It literally means the average US worker received a big paycut for the same amount of work. Unsurprisingly, unit labor costs took a massive hit.
YES, you are RIGHT, but not according to the Media.. Cheerleaders are already on positions.. When you read all those headlines, .. funny...
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Attached Image
  • #206,956
  • Nov 5, 2009 8:25am Nov 5, 2009 8:25am
Quoting Eulogy
non farm productivity up 9.5%. That is an absolutely hideous number. It literally means the average US worker received a big paycut for the same amount of work. Unsurprisingly, unit labor costs took a massive hit.
It's not pay cuts but entry level jobs.

Alot of folks are starting over in the same or new profession.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #206,957
  • Nov 5, 2009 8:27am Nov 5, 2009 8:27am
Quoting Eulogy
non farm productivity up 9.5%. That is an absolutely hideous number. It literally means the average US worker received a big paycut for the same amount of work. Unsurprisingly, unit labor costs took a massive hit.
well i dont know jack about fundymentals but bloomberg interviewee just said those numbers are "...REALLY REALLY good news for the economy"....
  • #206,958
  • Nov 5, 2009 8:31am Nov 5, 2009 8:31am
and dow opens 50 +points up ...
  • #206,959
  • Nov 5, 2009 8:41am Nov 5, 2009 8:41am
30 min gj got hit by sellers on spike to top of range

gu dropping in usd strength

a very odd open to the US stock market

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  • #206,960
  • Nov 5, 2009 8:52am Nov 5, 2009 8:52am
Quoting malcolmb14
30 min gj got hit by sellers on spike to top of range

gu dropping in usd strength

a very odd open to the US stock market

Attachment
now 15m in has reversal set up off 14975

damn chop today
Blogging daily now at www.volume.zone
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