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

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

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#221,281
Apr 16, 2010 5:22am Apr 16, 2010 5:22am

Traderdesk
| Commercial User | Joined Feb 2010 | 189 Posts

Quoting Traderdesk

Disliked

This is also hitting the wires: (GR) ECB's Trichet: Liquidity situation of Greek banks remains difficult and could deteriorate further

Ignored

You can see the euro selling off on this wire report with cable losing as well.... the spike on the first news report on the yen has now reverse itself as the market is suddenly more risk adverse at the moment...

Traderdesk -

#221,282
Apr 16, 2010 5:26am Apr 16, 2010 5:26am

Kofmaster
| Joined Oct 2008 | Status: Crocodile Trader | 1,127 Posts

Quoting Traderdesk

Disliked

You can see the euro selling off on this wire report with cable losing as well.... the spike on the first news report on the yen has now reverse itself as the market is suddenly more risk adverse at the moment...

Ignored

Where can you view this report?

Read the entire market, money is made on the main trend not the fluctuation

#221,283
Apr 16, 2010 5:33am Apr 16, 2010 5:33am

kourtney
| Joined Feb 2010 | Status: Senior Forex Trader -Money Manager | 320 Posts

Quoting Kofmaster

Disliked

Someone did mention about 143.80 to short again. Well done.

Ignored

was 143.82

for a hair i almost missed my target but got hit

now is time to sell heavy in my opinion we can actually let it run to 136.25

and maybe even lower but that will come later

#221,284
Apr 16, 2010 5:34am Apr 16, 2010 5:34am

england33
Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts

Oh wow what happened to the bear run? That was some pop and even took an optimist like me by surprise.
was there some news associated with that bounce up?

Before Forex I was tall, and clean shaven. Now I am an Ewok.

#221,285
Apr 16, 2010 5:35am Apr 16, 2010 5:35am

england33
Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts

Quoting Jake Snake

Disliked

Just been spending 15 minutes analyzing my charts, now I'm back to square 1.

No trades in GPB/JPY at the moment as I can't work out where it's going.

Will update my analysis soon...unless there's another spike.

.....70+ spike up and down is crazy!

Ignored

Your not the only one lol.

Before Forex I was tall, and clean shaven. Now I am an Ewok.

#221,286
Apr 16, 2010 5:36am Apr 16, 2010 5:36am

kourtney
| Joined Feb 2010 | Status: Senior Forex Trader -Money Manager | 320 Posts

Quoting kourtney

Disliked

this is going good uh? strong dowtrend coming up i would say at least 800 pips...for now im buying in this last dip. from 143 to 143.82 om gbp/jpy and also buying on eur/jpy from 125.52 to 126.02

from there will leave net shorts without hedging or scalping just shorts run for next whole week.

the GBP/JPY is following the weekly channel in a perfect way...Im bad at posting charts but i will try to post one of my strategy so u guys can comment on it...

best of trading amigos!

Ignored

this is the oroginal post

now im just short on both EUR and GBP both VS JPY

this spike save me a lot of time i calculated was going to be hit at 6:30 am pheeeww!!

lets see what the NY session brings too

#221,287
Apr 16, 2010 5:36am Apr 16, 2010 5:36am

Traderdesk
| Commercial User | Joined Feb 2010 | 189 Posts

Quoting Kofmaster

Disliked

Where can you view this report?

Ignored

I actually get it from a paid source but these are wired reports so they should be coming from news agencies...

Traderdesk -

#221,288
Apr 16, 2010 5:38am Apr 16, 2010 5:38am

Kofmaster
| Joined Oct 2008 | Status: Crocodile Trader | 1,127 Posts

Quoting kourtney

Disliked

was 143.82

for a hair i almost missed my target but got hit

now is time to sell heavy in my opinion we can actually let it run to 136.25

and maybe even lower but that will come later

Ignored

I added another at 143.72. Lets see how it goes. I still not convince it will kabooom in the very near soon given such PA

Read the entire market, money is made on the main trend not the fluctuation

#221,289
Apr 16, 2010 5:38am Apr 16, 2010 5:38am

kegra
| Commercial User | Joined Dec 2007 | 88 Posts

Quoting kourtney

Disliked

was 143.82

for a hair i almost missed my target but got hit

now is time to sell heavy in my opinion we can actually let it run to 136.25

and maybe even lower but that will come later

Ignored

i have hedged my positions , freaky friday... i will wait for a clear direction...but my bearish bias remains.

#221,290
Apr 16, 2010 5:40am Apr 16, 2010 5:40am

Kofmaster
| Joined Oct 2008 | Status: Crocodile Trader | 1,127 Posts

Quoting Traderdesk

Disliked

I actually get it from a paid source but these are wired reports so they should be coming from news agencies...

Ignored

Ok thanks

Read the entire market, money is made on the main trend not the fluctuation

#221,291
Apr 16, 2010 5:43am Apr 16, 2010 5:43am

kourtney
| Joined Feb 2010 | Status: Senior Forex Trader -Money Manager | 320 Posts

Quoting kegra

Disliked

i have hedged my positions , freaky friday... i will wait for a clear direction...but my bearish bias remains.

Ignored

u mean u have shorts and you just bought?

be careful! maybe just buy on dips and close as soon as spikes let the shorts run alone otherwise your longs are going to lock you in a hard to exit tramp if we have a downtrend in explosive way.

Just be careful...taking prfit both ways is my adrenaline but also my headache...i just closed my longs on the spike and holding shorts some already with profit some still with -20 -35- and -45 pips...

if we see 142.70 I may close everything and enjoy the weekend wthout the presure of "what if at the opening on sunday"

#221,292
Apr 16, 2010 5:47am Apr 16, 2010 5:47am

Kofmaster
| Joined Oct 2008 | Status: Crocodile Trader | 1,127 Posts

Quoting kourtney

Disliked

u mean u have shorts and you just bought?

be careful! maybe just buy on dips and close as soon as spikes let the shorts run alone otherwise your longs are going to lock you in a hard to exit tramp if we have a downtrend in explosive way.

Just be careful...taking prfit both ways is my adrenaline but also my headache...i just closed my longs on the spike and holding shorts some already with profit some still with -20 -35- and -45 pips...

if we see 142.70 I may close everything and enjoy the weekend wthout the presure of "what if at...

Ignored

Although this upmove is unexpected, But I have prepared for it. However this upmove look similar to yesterday nyc move. And now I'm expecting another leg down to move a lower low. And this only valid if the price never go above 144 as the 15 mins TL is still holding.

Read the entire market, money is made on the main trend not the fluctuation

#221,293
Apr 16, 2010 5:50am Apr 16, 2010 5:50am

kegra
| Commercial User | Joined Dec 2007 | 88 Posts

Quoting kourtney

Disliked

u mean u have shorts and you just bought?

be careful! maybe just buy on dips and close as soon as spikes let the shorts run alone otherwise your longs are going to lock you in a hard to exit tramp if we have a downtrend in explosive way.

Just be careful...taking prfit both ways is my adrenaline but also my headache...i just closed my longs on the spike and holding shorts some already with profit some still with -20 -35- and -45 pips...

if we see 142.70 I may close everything and enjoy the weekend wthout the presure of "what if at...

Ignored

yes had shorts, hedged them with longs, now longs at BE so if turn again short will remain...hate fridays...lol

#221,294
Apr 16, 2010 5:55am Apr 16, 2010 5:55am

Jake Snake
| Joined Feb 2010 | Status: Trader | 112 Posts

Just evaluated my charts for GBP/JPY on 16 April 2010.

Weekly: Indecisive, but possibly Bull forming
Daily: Bear forming starting towards 22st April.
H8: Bullish but weak.
H4: Indecisive
H2: Bearish
H1: Starting a bullish pattern.
M30: Bull pattern at start, but CCI running out of room - so indecisive.

This as of 11:30 am UK time on 16 April 2010.

Overall it's still indecisive to me on a technical front. The daily seems to show the strongest pattern for a large fall from next Wednesday to destination unknown.

I only have 0.1 lot on sell @ 143.606 (simply because the spread was 2.5 and was too good to miss

), will probably only scalp and leave no trades over the weekend.

Daily chart to follow soon.

#221,295
Apr 16, 2010 5:59am Apr 16, 2010 5:59am

uncletrumpet
| Joined May 2007 | Status: Omo 9ja | 637 Posts

Better wait till the US session opens, In my own opinion we are headed north.
lets wait till when the US opens. But I hold to my bullish mentality. We shall see new highs today.
WAIT

Quoting kegra

Disliked

yes had shorts, hedged them with longs, now longs at BE so if turn again short will remain...hate fridays...lol

Ignored

#221,296
Apr 16, 2010 6:00am Apr 16, 2010 6:00am

kourtney
| Joined Feb 2010 | Status: Senior Forex Trader -Money Manager | 320 Posts

Quoting Jake Snake

Disliked

Just evaluated my charts for GBP/JPY on 16 April 2010.

Weekly: Indecisive, but possibly Bull forming
Daily: Bear forming starting towards 22st April.
H8: Bullish but weak.
H4: Indecisive
H2: Bearish
H1: Starting a bullish pattern.
M30: Bull pattern at start, but CCI running out of room - so indecisive.

This as of 11:30 am UK time on 16 April 2010.

Overall it's still indecisive to me on a technical front. The daily seems to show the strongest pattern for a large fall from next Wednesday to destination unknown.

I only have 0.1 lot on sell...

Ignored

thanks for sharing Jake

#221,297
Apr 16, 2010 6:07am Apr 16, 2010 6:07am

Mr.Elliott
| Joined Jul 2009 | Status: ˙˙˙˙ʇɥƃıɐɹʇs ʞlɐʇ ɹǝʌǝu ı | 439 Posts

try trade the GEPPY for a while and later change to other non-crazy pair....you will find that there are no fun at all....just like the beast so much even thought it eats up my monies a lot.....