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

  • #214,821
  • Feb 8, 2010 9:54am Feb 8, 2010 9:54am
Quoting donfriday
how do we trade todays market?
Frustrating day for me. How you say ..... whipsaw!?
Some days I catch the extremes very nicely, other days, I get caught.
  • #214,822
  • Feb 8, 2010 9:59am Feb 8, 2010 9:59am
Quoting donfriday
how do we trade todays market?
enter buy,stop below 138.17 and go play a game of golf,or go to a gentlemans club and enjoy it with the boys
  • #214,823
  • Feb 8, 2010 9:59am Feb 8, 2010 9:59am
Quoting ukdaytrader
Frustrating day for me. How you say ..... whipsaw!?
Some days I catch the extremes very nicely, other days, I get caught.
sorry bro..i can only short gj if i see daily close below 139.00....i only open 2-3 trade daily then off till next day .....
MY OPINION NOT FINANCIAL ADVISE
  • #214,824
  • Feb 8, 2010 10:01am Feb 8, 2010 10:01am
Quoting Gucc
enter buy,stop below 138.17 and go play a game of golf,or go to a gentlemans club and enjoy it with the boys
i closed my short this morning in london and enter buy 139.20 sl 138.00 tp 141.30 2nd tp 143.00.....
MY OPINION NOT FINANCIAL ADVISE
  • #214,825
  • Feb 8, 2010 10:02am Feb 8, 2010 10:02am
Quoting donfriday
sorry bro..i can only short gj if i see daily close below 139.00....i only open 2-3 trade daily then off till next day .....
Short if close below 139. Break 140.10...only wait cos may visit 143 there only short...Long way to go...
  • #214,826
  • Feb 8, 2010 10:02am Feb 8, 2010 10:02am
Quoting donfriday
how do we trade todays market?
My strategy for a whipsaw is to buy or sell at the test of fractals...ie if you are a bull buy at the test of lower fractals.. This works best on NFP days..you can catch hundreds of pips up and down.
  • #214,827
  • Feb 8, 2010 10:07am Feb 8, 2010 10:07am
Quoting donfriday
i closed my short this morning in london and enter buy 139.20 sl 138.00 tp 141.30 2nd tp 143.00.....

this is the time,i wish i have fulltime trader friends,so we can go on a golf week somewhere at the coastline...we wont see any huge movements this week.or im hoping a steady retrace to 148... enter a buy now and limit and stop in place and enjoy the week ...
  • #214,828
  • Feb 8, 2010 10:10am Feb 8, 2010 10:10am
Quoting Gucc
this is the time,i wish i have fulltime trader friends,so we can go on a golf week somewhere at the coastline...we wont see any huge movements this week.or im hoping a steady retrace to 148... enter a buy now and limit and stop in place and enjoy the week ...
hmm you are big dog so u can take long vacation...i am just a kindergarten ...but i can take u to MC'D
Attached Image (click to enlarge)
Click to Enlarge Name: funny-pictures-new-mcdonalds-ad-zXj.jpg Size: 42 KB
MY OPINION NOT FINANCIAL ADVISE
  • #214,829
  • Feb 8, 2010 10:14am Feb 8, 2010 10:14am
Quoting Myrza
My strategy for a whipsaw is to buy or sell at the test of fractals...ie if you are a bull buy at the test of lower fractals.. This works best on NFP days..you can catch hundreds of pips up and down.
which tf do you use for this? Can you show a chart example? Thanks.
******************* I'd rather make money than be right.
  • #214,830
  • Feb 8, 2010 10:35am Feb 8, 2010 10:35am
Quoting donfriday
hmm you are big dog so u can take long vacation...i am just a kindergarten ...but i can take u to MC'D

OMG..
LMFAO
  • #214,831
  • Feb 8, 2010 10:40am Feb 8, 2010 10:40am
Hey Don,

You can ride with the big dog Gucc..


Quoting donfriday
hmm you are big dog so u can take long vacation...i am just a kindergarten ...but i can take u to MC'D
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  • #214,832
  • Feb 8, 2010 12:10pm Feb 8, 2010 12:10pm
im gonna go out on a limb and say a huge rally on euro and pound is coming (and very soon). dollar will get whacked. and i think this week will be the start of it.

im now extremely long biased on all eu gu gj ej. am going to be attempting to buy dips on all of them. i dont swing trade, but if i was going to id be looking for longs on all of em now.
  • #214,833
  • Feb 8, 2010 12:14pm Feb 8, 2010 12:14pm
Quoting ewokuk
im gonna go out on a limb and say a huge rally on euro and pound is coming (and very soon). dollar will get whacked. and i think this week will be the start of it.

im now extremely long biased on all eu gu gj ej. am going to be attempting to buy dips on all of them.
I am thinking the same thing, though i think we touch the low one more time and up we go..
  • #214,834
  • Feb 8, 2010 12:16pm Feb 8, 2010 12:16pm
Quoting Cdawg
I am thinking the same thing, though i think we touch the low one more time and up we go..
yeah that might be so, im not jumping into too many longs just yet.

however fridays volume was huge, highest since 28th sept on mine, and it wasnt all selling.
  • #214,835
  • Feb 8, 2010 12:18pm Feb 8, 2010 12:18pm
Quoting Gucc
oh.. a inverted H&S on 1 hour

WARNING!! ----> USD bear trend will continue shortly for 2010!! watch for any signs of a weekly spike low on eur/usd ,other USD currencies
im a swingers club trader...

yes it will bottom soon... but wait!!!! no cofirmation so far. eur/usd might spike low to 1.3450 before a DRAMATIC REVERSAL ..

I MEntion it this mornig ..early signs from the futures volumes!! clearly
  • #214,836
  • Feb 8, 2010 12:20pm Feb 8, 2010 12:20pm
Feeling the 138ish bottom of GJ is going to hold to week's end, and we should retest at least 142. Fundamentally thinking, of the major currencies, the USD and EUR have rightly so had their share of scrutiny; I don't feel the yen is anywhere near fair value given the abysmal status of their state & economic finances - their time to reckon - much like the drop the EUR has seen - may be next; perhaps the Toyota face-realism underway will pass the torch to the yen.

In the meantime, here is an excellent article summarizing last week's market PA, carry trades, gold's status, etc - an excellent read for expert & newbie alike: http://online.barrons.com/article/SB...?mod=djembdr_t
  • #214,837
  • Feb 8, 2010 12:24pm Feb 8, 2010 12:24pm
Quoting Gucc
im a swingers club trader...

yes it will bottom soon... but wait!!!! no cofirmation so far. eur/usd might spike low to 1.3450 before a DRAMATIC REVERSAL ..

I MEntion it this mornig ..early signs from the futures volumes!! clearly

gbp/usd in a bullish flag on weekly .. its busy with the bottom,but WARNING OF A SPIKE LOW ,,sooner than later ! if not the low is already in place .time will tell ..

im target 1.9350 fisrt .will see from there
  • #214,838
  • Feb 8, 2010 12:27pm Feb 8, 2010 12:27pm
Quoting Gucc
im a swingers club trader...

yes it will bottom soon... but wait!!!! no cofirmation so far. eur/usd might spike low to 1.3450 before a DRAMATIC REVERSAL ..

I MEntion it this mornig ..early signs from the futures volumes!! clearly
You buy that. Have fun!

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  • #214,839
  • Feb 8, 2010 12:41pm Feb 8, 2010 12:41pm
Quoting Clouds
You buy that. Have fun!

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absolutely!!! cant wait to get back in the market !!! will let you know ,when im doing the long eur and gbp pip dance !!
  • #214,840
  • Feb 8, 2010 12:46pm Feb 8, 2010 12:46pm
Quoting ewokuk
im gonna go out on a limb and say a huge rally on euro and pound is coming (and very soon). dollar will get whacked. and i think this week will be the start of it.

im now extremely long biased on all eu gu gj ej. am going to be attempting to buy dips on all of them. i dont swing trade, but if i was going to id be looking for longs on all of em now.
Agreed , this kind of patience should be highly rewarded
Don't be a hero. Don't have an ego. Always question yourself
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