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

  • #217,481
  • Mar 4, 2010 2:09pm Mar 4, 2010 2:09pm
Quite important to me. 30m chart showing volumes through the day today. First blue rectangle shows increased volume at European open. This volume was not excessive though and it also occurred at support.

Later in the day volume increased again between 134 - 134.7 and GY fell pretty sharply. This volume was much higher than the volume taking GY from support.

Unless some of the big players decide to take GY past resistance, this does not look bullish to me right now.

Chart
Attached Image (click to enlarge)
Click to Enlarge Name: 30m gy.gif Size: 24 KB
  • #217,482
  • Mar 4, 2010 2:13pm Mar 4, 2010 2:13pm
Overall the market volume is low so it is real hard where the PA will head until NFP release friday..The big boys are on the sideline and it will get ugly once they show up..



Quoting ukdaytrader
Quite important to me. 30m chart showing volumes through the day today. First blue rectangle shows increased volume at European open. This volume was not excessive though and it also occurred at support.

Later in the day volume increased again between 134 - 134.7 and GY fell pretty sharply. This volume was much higher than the volume taking GY from support.

Unless some of the big players decide to take GY past resistance, this does not look bullish to me right now.

Chart
Attachment
[
  • #217,483
  • Mar 4, 2010 2:13pm Mar 4, 2010 2:13pm
Well at least we have that resistance at 13380ish which is holding my position from closing.....but has probably failed by the time you read this!
  • #217,484
  • Mar 4, 2010 2:21pm Mar 4, 2010 2:21pm
Can someone care to explain this "filling order" business?
Not sure why people adding shorts as price is moving up, If i believe the overall trend is bearish, wouldn't it be better to wait for a confirmation that the trend is continuing down before adding shorts? And if I'm adding these shorts at these different levels , 135 and your last short is added at 139, what would my all SL be? above where my final short would be?

thanks.



Quoting rgitt05
That is similar setup I have for my hedge positions to lockin the bear rallies before the bears take over...

Get ready to rumble!!!

No dont get me wrong, is refreshing waking up to this! lol.

Quoting rgitt05
The market is boring and this is just venting time..I am done now cluttering this FF. I am sorry to all the traders in this board to see this childish posting in this forum..

Let's get back to trading..

  • #217,485
  • Mar 4, 2010 2:45pm Mar 4, 2010 2:45pm
support is @ 133.65 for now; the short/medium trend is still up as long as 133.15 will hold, and targets above are upper 138 or even 141.

let's see what tomorrow will bring.
Nihil Sine Deo.
  • #217,486
  • Mar 4, 2010 3:09pm Mar 4, 2010 3:09pm
I really careless about tomorrow I want to make my money now..
it's suicide to trade gpb/jpy on the day of the NPF IMO unless you can protect your trade with like a 300 pip SL.
Dean

Quoting Scrat
support is @ 133.65 for now; the short/medium trend is still up as long as 133.15 will hold, and targets above are upper 138 or even 141.

let's see what tomorrow will bring.
  • #217,487
  • Mar 4, 2010 3:16pm Mar 4, 2010 3:16pm
Quoting dean walker
I really careless about tomorrow I want to make my money now..
it's suicide to trade gpb/jpy on the day of the NPF IMO unless you can protect your trade with like a 300 pip SL.
Dean
Why would it be suicide? Just use low leverage. Like 1:1 or 0.5:1 or so.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #217,488
  • Mar 4, 2010 3:42pm Mar 4, 2010 3:42pm
well then go ahead and trade as much as you can today... you will be a millionaire in no time, maybe even tomorrow .

it is not trading the nfp, but the direction you see afterwards. there are certain supports and resistances in place and they are tested or broken during important news - you must take account of these if you want to be profitable.
if you can figure out BEFORE the news, even better - you can place your pending trades and then spikes do the rest.

Quoting dean walker
I really careless about tomorrow I want to make my money now..
it's suicide to trade gpb/jpy on the day of the NPF IMO unless you can protect your trade with like a 300 pip SL.
Dean
Nihil Sine Deo.
  • #217,489
  • Mar 4, 2010 4:00pm Mar 4, 2010 4:00pm
Quoting ukdaytrader
Quite important to me. 30m chart showing volumes through the day today. First blue rectangle shows increased volume at European open. This volume was not excessive though and it also occurred at support.

Later in the day volume increased again between 134 - 134.7 and GY fell pretty sharply. This volume was much higher than the volume taking GY from support.

Unless some of the big players decide to take GY past resistance, this does not look bullish to me right now.

Chart
Attachment
geppy is still in bearish mode until 137.8 is taken
but 135.5 is quite possible, JMHO
Attached Image (click to enlarge)
Click to Enlarge Name: gj 030410.gif Size: 50 KB
  • #217,490
  • Mar 4, 2010 4:11pm Mar 4, 2010 4:11pm
lol actually I was being sarcastic about this pair..
nothing personal..so would going long be a good thing to do now?
I was trading the eur/yen all day and we had some nice upside moves only to come back down..
Thanks
Happy trading
Dean





Quoting Scrat
well then go ahead and trade as much as you can today... you will be a millionaire in no time, maybe even tomorrow .

it is not trading the nfp, but the direction you see afterwards. there are certain supports and resistances in place and they are tested or broken during important news - you must take account of these if you want to be profitable.
if you can figure out BEFORE the news, even better - you can place your pending trades and then spikes do the rest.
  • #217,491
  • Mar 4, 2010 4:17pm Mar 4, 2010 4:17pm
hehe... not now... a good thing to do now would be to get some rest...
no trading until after nfp.


Quoting dean walker
lol actually I was being sarcastic about this pair..
nothing personal..so would going long be a good thing to do now?
I was trading the eur/yen all day and we had some nice upside moves only to come back down..
Thanks
Happy trading
Dean
Nihil Sine Deo.
  • #217,492
  • Mar 4, 2010 4:21pm Mar 4, 2010 4:21pm
sounds good..I did make a nice profit today on this pair it is still in with profit I will close it out..
Take care
Dean


Quoting Scrat
hehe... not now... a good thing to do now would be to get some rest...
no trading until after nfp.
  • #217,493
  • Edited 5:08pm Mar 4, 2010 4:52pm | Edited 5:08pm
Something tells me GJ trading @ start of Tokyo (FX is open, stocks to open in about an hour) is going to be all over the place. GJ, UJ's been unusually jumpy since NY close. Probably a touch of DPP @ 133.5 at some point too.

EDIT: I guess my pivot indi updates @ 6pm EST - looks to be @ 133.76 instead.
  • #217,494
  • Mar 4, 2010 5:41pm Mar 4, 2010 5:41pm
Quoting Beljevina
Something tells me GJ trading @ start of Tokyo (FX is open, stocks to open in about an hour) is going to be all over the place. GJ, UJ's been unusually jumpy since NY close. Probably a touch of DPP @ 133.5 at some point too.

EDIT: I guess my pivot indi updates @ 6pm EST - looks to be @ 133.76 instead.
In Asian mkt and early european mkt they are taking gbp/jpy 150 pips down until Ldn mkt opens and shows the real trend.
  • #217,495
  • Mar 4, 2010 5:51pm Mar 4, 2010 5:51pm
yup pivot at 133.76 which is exactly where it opened (based on ny close) so no real need for it to touch it again hopefully

135.50 and me happy
  • #217,496
  • Mar 4, 2010 5:55pm Mar 4, 2010 5:55pm
Quoting manz66
In Asian mkt and early european mkt they are taking gbp/jpy 150 pips down until Ldn mkt opens and shows the real trend.
Hmm. If memory serves me, the last NFP was a 40-50 pip trading range, Tokyo as well as London, and it of course let loose in NY.
  • #217,497
  • Mar 4, 2010 6:02pm Mar 4, 2010 6:02pm
Quoting ewokuk
yup pivot at 133.76 which is exactly where it opened (based on ny close) so no real need for it to touch it again hopefully

135.50 and me happy
Hmmm, my pivot is 133.75, but same here, me happy
135.50 here we come.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #217,498
  • Mar 4, 2010 6:17pm Mar 4, 2010 6:17pm
Quoting KillerWhale
Hmmm, my pivot is 133.75, but same here, me happy
135.50 here we come.

Shamu
i don't think it's gonna go higher than 134.95 today.
  • #217,499
  • Mar 4, 2010 10:36pm Mar 4, 2010 10:36pm
Quoting shablon
i don't think it's gonna go higher than 134.95 today.
Lolz, it doesn't even come close, but at least I have my 20 pips.
Not much is going to happen until NFP.
And I'm glad I'm out coz I expect a big spike down with NFP. Even ADP warned that the figure could be negatively influenced by the bad weather / snow storms during last month.

We'll just wait and see, going to sleep now.

Everyone good luck with NFP!!

Shamu
Attached Image (click to enlarge)
Click to Enlarge Name: gj 03-04 1h.gif Size: 29 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #217,500
  • Mar 4, 2010 10:54pm Mar 4, 2010 10:54pm
h4 is too overbought. My CCi 21 is moving too fast compared to trend CCi 55. IMO we may test the bottom range @ 132.8...just like any other nfp days
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