Markets are not Random, they are designed!
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #220,541
- Apr 8, 2010 11:14pm Apr 8, 2010 11:14pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
- #220,542
- Apr 8, 2010 11:31pm Apr 8, 2010 11:31pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #220,544
- Apr 8, 2010 11:37pm Apr 8, 2010 11:37pm
NO BIAS NO CHART just saying i closed my position and GJ likes me so much she'll drop to hell after i closed my SHORT position sorry if you didnt understand what i was saying......im only bitching and waiting to figure out what the hell is going on + 47 is good i think but considering i had + 240 at one point..........
CHART PLEASE.... For THAT BIAS
- #220,545
- Apr 8, 2010 11:44pm Apr 8, 2010 11:44pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
NO BIAS NO CHART just saying i closed my position and GJ likes me so much she'll drop to hell after i closed my SHORT position sorry if you didnt understand what i was saying......im only bitching and waiting to figure out what the hell is going on + 47 is good i think but considering i had + 240 at one point..........
...It takes some TIME to be disciplined.. Market teaches us everything from Time to Time..
Patience...Discipline...and Money management...
47..pips...Gain is a GAIN..
FX.. IS OPPORTUNITY CENTRAL... Ride the next wave...
G/L
Markets are not Random, they are designed!
- #220,548
- Apr 8, 2010 11:50pm Apr 8, 2010 11:50pm
- Joined Nov 2008 | Status: Mmmm.. | 1,322 Posts
NO BIAS NO CHART just saying i closed my position and GJ likes me so much she'll drop to hell after i closed my SHORT position sorry if you didnt understand what i was saying......im only bitching and waiting to figure out what the hell is going on + 47 is good i think but considering i had + 240 at one point..........
Too bad..maybe this is it. I am basing this on jp index
- #220,550
- Apr 8, 2010 11:56pm Apr 8, 2010 11:56pm
- Joined Dec 2008 | Status: Trader | 2,753 Posts
....this rapid move up has already created bearish divergence on the 30m TF. If we are to see a breakout above 145, this divergence needs to play out first IMO. (142.40 ish).
Whatever direction we take, this zone needs to be tested first.
Not a trade call by any means, just what I see.
BTW, great trade Raza. Congrats for holding.
Whatever direction we take, this zone needs to be tested first.
Not a trade call by any means, just what I see.
BTW, great trade Raza. Congrats for holding.
- #220,551
- Apr 9, 2010 12:07am Apr 9, 2010 12:07am
i totally understand +47 is good and better than nothing thats why i closed it now cause i just dont understand this move. For anyone who cares eur/aud is at a long term bottom and im picking up longs as we speak hope the eurozone doesn't tank 
It takes some TIME to be disciplined.. Market teaches us everything from Time to Time..
Patience...Discipline...and Money management...
47..pips...Gain is a GAIN..
FX.. IS OPPORTUNITY CENTRAL... Ride the next wave...
G/L
- #220,552
- Apr 9, 2010 12:08am Apr 9, 2010 12:08am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
again..as i mentioned 141.50 is critical area which i mentioned in last few post, i will stop my position at this area if my this TP3 hit...since friday am not in trade, just ichy2 finger to play around n add @143.30...in my test acc..
for me we still in bear as long as we are below 143.80..that is my key number...
break that then 144.40-145-147 may go or higher to 151 area...so lock my last position from 143.80 to BE+10...n let see what happen...
good luck all
for me we still in bear as long as we are below 143.80..that is my key number...
break that then 144.40-145-147 may go or higher to 151 area...so lock my last position from 143.80 to BE+10...n let see what happen...
good luck all
- #220,554
- Apr 9, 2010 12:18am Apr 9, 2010 12:18am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
....this rapid move up has already created bearish divergence on the 30m TF. If we are to see a breakout above 145, this divergence needs to play out first IMO. (142.40 ish).
Whatever direction we take, this zone needs to be tested first.
Not a trade call by any means, just what I see.
BTW, great trade Raza. Congrats for holding.
Lets see what Friday brings...DOUBLE TOP??..
Markets are not Random, they are designed!
- #220,558
- Apr 9, 2010 2:26am Apr 9, 2010 2:26am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
again..as i mentioned 141.50 is critical area which i mentioned in last few post, i will stop my position at this area if my this TP3 hit...since friday am not in trade, just ichy2 finger to play around n add @143.30...in my test acc..
for me we still in bear as long as we are below 143.80..that is my key number...
break that then 144.40-145-147 may go or higher to 151 area...so lock my last position from 143.80 to BE+10...n let see what happen...
good luck all
am done...this week and happy weekend to all
good luck
g
- #220,559
- Edited 3:25am Apr 9, 2010 3:11am | Edited 3:25am
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
GY's being incredibly respectful of that TL from the 132 low - if we don't see it broken by week's end, the weekly close will be key; would not be surprised to see a run for above 143 - how it behaves to the upper downward TL will be crucial too - not completely sure we'll get all the answers this week. Looks like there was volume buying down by 141, although UJ doesn't give the same impression.
1) reinstated yen weakness (worst currency today) and the Japanese MoF fanning 'yeah, we like a weak yen'
2) GJ's rejection off 141, not falling into that sub-141 black-hole-that-takes-you-to-139.2
3) Goldman & cohorts buying, bullishness 'yeah, the UK's cool' (thanks Brown) & election/change optimism
4) Upswing TL plays - we're hardpressed to revisit 141; and if we do, the pros are likely to buy again.
Mind you, if the US index toppiness finally gives or there's BoChina interest news, we'll dip, but it won't be huge - collapses and spring don't go hand in hand it seems: I took a look back over the spring season PA for GJ: out of 20 years, all but perhaps 3-4 have seen marked and mostly determined upward price movement; am feeling a bit on the ledge here, but it would not surprise me to see us get to 163+ before summer. (For example, last year, 1st week of April, went straight from 135 to 150; dipped a tad to 140.5 (like our just visited 141?), then another 1000+ pips up.. Omnious? Scary? Yup)
