i already short and for gj to close my short that will be another whipsaw day and while i will also see a buy signal along the line...trend is my friend ....
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #214,521
- Feb 5, 2010 7:11am Feb 5, 2010 7:11am
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
- #214,524
- Feb 5, 2010 7:18am Feb 5, 2010 7:18am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
haha, news traders would call you a biscuit crumb trader.
Some people may be good at herding black pigs on a foggy night, I just don't happen to be one of them. so I don't predict the future, gamble on news, or pick tops and bottoms.
...it may be boring, but so far has worked well for me.
all the best with your trades!
- #214,527
- Feb 5, 2010 7:26am Feb 5, 2010 7:26am
- | Commercial User | Joined Mar 2009 | 2,480 Posts
DT,
Hit our targets like clock work imagine that. . .
Below is your road map going forward I charted this on an 8 hr basis so should be a good indication were we are headed.
I also thru in a GJ 8hr chart as well so we can compare them side by side. . .
Enjoy. . .
Thanks for the quick reply.
Will hold the Cable and G/J longs through NFP. Will be watching the spikes to see if I can spot their hand and will either keep or ditch and reverse depending on what I see.
Will drop in as soon as the mud settles in a hour or two and chat about targets.
All the best
- #214,528
- Feb 5, 2010 7:37am Feb 5, 2010 7:37am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Don't be a hero. Don't have an ego. Always question yourself
- #214,531
- Feb 5, 2010 7:43am Feb 5, 2010 7:43am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
I've always thought of myself more as a cookie monster trader
Some people may be good at herding black pigs on a foggy night, I just don't happen to be one of them. so I don't predict the future, gamble on news, or pick tops and bottoms.
...it may be boring, but so far has worked well for me.
all the best with your trades!
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- #214,532
- Feb 5, 2010 7:52am Feb 5, 2010 7:52am
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
- #214,534
- Feb 5, 2010 7:58am Feb 5, 2010 7:58am
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
MY OPINION NOT FINANCIAL ADVISE
- #214,535
- Feb 5, 2010 8:02am Feb 5, 2010 8:02am
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
- #214,536
- Feb 5, 2010 8:16am Feb 5, 2010 8:16am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
hahahah
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- #214,537
- Feb 5, 2010 8:24am Feb 5, 2010 8:24am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Commentary:
Our NFP strategic takeaway: US unemployment on balance shows some signs of improvement...The data has lots of pluses and minuses and seasonal/statistical factors, but the overall sense is one of slight improvement. We think this may see some bounce in risky assets, especially after the heavy selling of the last 48 hours. However, the bigger picture remains gloomy--remember the real reason for the sell-off is sovereign debt concerns/signs of global fragility--and any risk bounce is likely to have a limited lifespan. In our NFP Research Note, we were looking for an opportunity to re-sell risky pairs and the semi-positive jobs data this morning is encouraging in that it may enable us to sell at our desired levels, about 120-150 pips higher than current levels. In the short-term, we'll stand aside in the post-NFP chop, and remain patient and vigilant for more advantageous levels.
Selling all rallies.
Our NFP strategic takeaway: US unemployment on balance shows some signs of improvement...The data has lots of pluses and minuses and seasonal/statistical factors, but the overall sense is one of slight improvement. We think this may see some bounce in risky assets, especially after the heavy selling of the last 48 hours. However, the bigger picture remains gloomy--remember the real reason for the sell-off is sovereign debt concerns/signs of global fragility--and any risk bounce is likely to have a limited lifespan. In our NFP Research Note, we were looking for an opportunity to re-sell risky pairs and the semi-positive jobs data this morning is encouraging in that it may enable us to sell at our desired levels, about 120-150 pips higher than current levels. In the short-term, we'll stand aside in the post-NFP chop, and remain patient and vigilant for more advantageous levels.
Selling all rallies.
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