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

  • #208,801
  • Nov 26, 2009 6:09pm Nov 26, 2009 6:09pm
Quoting ewokuk
only an insane man would be taking longs in this. panic selling all over the place, nikkei not even open for another hour i think??

not much reaction on GU yet, waiting for that to start too.
Nikkei has been open for 9 minutes now. -193.5 currently

While i won't take the longs there always will be those ninja traders willing to scalp off this sucker wherever it goes. I'm sure Malcomb if he's not holidaying would be all over the retrace.
  • #208,802
  • Nov 26, 2009 6:10pm Nov 26, 2009 6:10pm
Quoting ewokuk
only an insane man would be taking longs in this. panic selling all over the place, nikkei not even open for another hour i think??

not much reaction on GU yet, waiting for that to start too.
lets see
  • #208,803
  • Nov 26, 2009 6:11pm Nov 26, 2009 6:11pm
good call!

Quoting dreed
I do know the smart money buy into the selling and the highly skilled.. I am out for now, until I get a hold of my emotions. To be able to make so much in such a short time is over whelming, and I know I could easily make some bad judgement calls in this frame of mind.
  • #208,804
  • Nov 26, 2009 6:11pm Nov 26, 2009 6:11pm
Quoting Eulogy
Nikkei has been open for 9 minutes now. -193.5 currently

While i won't take the longs there always will be those ninja traders willing to scalp off this sucker wherever it goes. I'm sure Malcomb if he's not holidaying would be all over the retrace.
i grabbed another quick 40 off the down move just then. will be more balanced between long and short now but i still dont trust it too much.
  • #208,805
  • Nov 26, 2009 6:12pm Nov 26, 2009 6:12pm
Quoting Eulogy
Nikkei has been open for 9 minutes now. -193.5 currently

While i won't take the longs there always will be those ninja traders willing to scalp off this sucker wherever it goes. I'm sure Malcomb if he's not holidaying would be all over the retrace.

bought around 139.40 and took it up to 141.00 ..

Easiest pips ive ever made. daily closed above 139.70...strong support.

Looking for another retrace to 139.70 so I can buy and hold for higher.
Going to make it big by age 21.
  • #208,806
  • Nov 26, 2009 6:15pm Nov 26, 2009 6:15pm
Quoting dreed
everyone was thinking 140 was major support... But that has been broken... what the thought now guys?

I did well this week, but trying to stay professional and not allow greed or Fear to creep in...I just closed the position at 139.50..... (yes fear of retrace)... I know, I know... i have to work on that.
he dreed , mrkt correct to 141.14 we can go more up or just stop there, what do you think plz ?
High risk High return!
  • #208,807
  • Nov 26, 2009 6:18pm Nov 26, 2009 6:18pm
this pips spread issoo crazy
  • #208,808
  • Nov 26, 2009 6:21pm Nov 26, 2009 6:21pm
My thoughts are 141.36 or even 141.65...but I am going to ask others to please chime in on this one.... One of the Techincal/chartist Guys may have a different answer for you.

Quoting simao
he dreed , mrkt correct to 141.14 we can go more up or just stop there, what do you think plz ?
  • #208,809
  • Nov 26, 2009 6:21pm Nov 26, 2009 6:21pm
Quoting ewokuk
only an insane man would be taking longs in this. panic selling all over the place, nikkei not even open for another hour i think??

not much reaction on GU yet, waiting for that to start too.
139.50 = fe 162
  • #208,810
  • Nov 26, 2009 6:23pm Nov 26, 2009 6:23pm
Quoting Eulogy
5 small long EN positions TP on that spike up to 2.12 last TP order around 2.119. Average gain 850 pips. Looking for retrace now to hopefully reload.
looking around the 2.07 area if it gets back there
  • #208,811
  • Nov 26, 2009 6:27pm Nov 26, 2009 6:27pm
ok NOW im looking for this to come back down for a possible long position, not trusting shorts too much after such a drop.
  • #208,812
  • Nov 26, 2009 6:31pm Nov 26, 2009 6:31pm
Quoting rgitt05
GJ might head to the Kaboom 135.00 zone

that was brilliant!

I'm quitting coffee. lol
  • #208,813
  • Nov 26, 2009 6:33pm Nov 26, 2009 6:33pm
Quoting ewokuk
ok NOW im looking for this to come back down for a possible long position, not trusting shorts too much after such a drop.
easy.... bears are not done yet.. me think.
  • #208,814
  • Nov 26, 2009 6:34pm Nov 26, 2009 6:34pm
Sinner, this one's for you.

Due to the absence of the US equities market, HFT's had virtually nowhere to go to jack up the market. Its not surprising that this caused a panic sell in the futures as people piled heavily into TSY's.

2yr TSY yields currently sitting at 65.94 bps after a 7.88 bps drop during what would have been the US session.
  • #208,815
  • Nov 26, 2009 6:34pm Nov 26, 2009 6:34pm
Quoting pkimnyc
easy.... bears are not done yet.. me think.
ya know what, i think im gonna steer clear of yen pairs completely, open a short on gbpusd here at 6450 and go to bed

i cant get a good bead on whether this things gonna continue to tank or start moving up so im going to keep what ive got and stay away from it. GU on the other hand i think is more sure of dropping, plus since its moving much slower, less chance of me waking up 500 pips down than if i do anything on gj right now lol im up more than 1k pips for the week, probably the best ill ever do in my life so im gonna keep it that way.
  • #208,816
  • Nov 26, 2009 6:39pm Nov 26, 2009 6:39pm
Quoting ewokuk
ok NOW im looking for this to come back down for a possible long position, not trusting shorts too much after such a drop.
exactly...looking for another long around 139.70-140.00
tgt 144
Going to make it big by age 21.
  • #208,817
  • Nov 26, 2009 6:39pm Nov 26, 2009 6:39pm
I need a break looking at my account!!!



Quoting Fudomyo
that was brilliant!

I'm quitting coffee. lol
[
  • #208,818
  • Nov 26, 2009 6:39pm Nov 26, 2009 6:39pm
when you have a huge drop like this, what is the norm, do they place the bear traps out there, just in hopes that the retail trader will fall for it and jump in after the huge drop, all the while the smart money they are buying? Or is it just the opposit?

Quoting ewokuk
ok NOW im looking for this to come back down for a possible long position, not trusting shorts too much after such a drop.
  • #208,819
  • Nov 26, 2009 6:44pm Nov 26, 2009 6:44pm
Quoting dreed
when you have a huge drop like this, what is the norm, do they place the bear traps out there, just in hopes that the retail trader will fall for it and jump in after the huge drop, all the while the smart money they are buying? Or is it just the opposit?
ive seen it do everything. flies down then flies right back up to where it started. flies down, has a lil retrace then flies down some more. flies down, stops has no retrace at all then drops some more. im staying away from it now until morning where it might be a bit clearer. i think its possible it goes up from here, also possible it does some more tankage so i dont trust it either way.
  • #208,820
  • Nov 26, 2009 6:49pm Nov 26, 2009 6:49pm
Quoting rgitt05
GJ might head to the Kaboom 135.00 zone

man .. I missed all the move
(Look like armageddon trade is here )
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