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

  • #223,481
  • May 6, 2010 8:28am May 6, 2010 8:28am
Quoting JhonMonsalve
For all bullish traders here, take a look to the chart, 15m TF, 50 Ema , easy huh?

Attachment

Go with the flow is pretty much easier than pick tops/bottoms, my humble advice.
4h candle close below 141, what it means ---> 139 could be the next parade.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #223,482
  • May 6, 2010 8:31am May 6, 2010 8:31am
Quoting 5ysfx
1.4 seems to be psychological level
still we are in all times low so intervention could be immediately
Be very very careful betting with the SNB right now. It's prety clear they have been very active this past 3-4 days and the net result has been non existent. The SNB do not always get it right and when the Euro is being targeted, only a gambler would bet the farm on Eur/ChF long.
  • #223,483
  • May 6, 2010 8:32am May 6, 2010 8:32am
Just sold another 100k at 140.68 for good measure
check out my blog: forexmademillionaire dot com
  • #223,484
  • May 6, 2010 8:34am May 6, 2010 8:34am
[quote=bonus76;3702694]
Quoting Geppy
Just sold another 100k at 140.68 for good measure [/qYo

You r great trader but dont u think u r overleveraging ur account
that's a ballsy accusation without knowing my account balance don't you think?

God I love n00bs!

P.S. Just for that I sold another 100k here at 140.92!!!
check out my blog: forexmademillionaire dot com
  • #223,485
  • May 6, 2010 8:36am May 6, 2010 8:36am
I`d prefer to sell the breakout @ 140.15 or buy @ 142.40
http://www.forexfactory.com/showpost...stcount=223467
Attached Image
  • #223,486
  • May 6, 2010 8:38am May 6, 2010 8:38am
Quoting ukdaytrader
Be very very careful betting with the SNB right now. It's prety clear they have been very active this past 3-4 days and the net result has been non existent. The SNB do not always get it right and when the Euro is being targeted, only a gambler would bet the farm on Eur/ChF long.

Well maybe I am gambler who certainly is not correct with every bottom but I plan my trades for months/years and at this level(btw ~1.4 is my prediction from last year) is worth it but this is just me.

Anyway thanks for ur concern
  • #223,487
  • May 6, 2010 8:42am May 6, 2010 8:42am
[quote=bonus76;3702713]
Quoting Geppy

Well all i can read is u r opening short positions. Its obvious market is hitting rock bottom. It just manupulation on election. Price will reverse sooner or later. And by ur post or u have milion dollar in ur account or ur ass is burning now:-)
If you truly belief all you typed you would most definitely be long at this "market bottom". If there were words to describe how foolish you are I would use them, unfortunately you fail to consider that my short position is averaged at 143.33 right now... if my ass is burning it's only because it's printing money so damn fast (probably your money).
check out my blog: forexmademillionaire dot com
  • #223,488
  • May 6, 2010 8:45am May 6, 2010 8:45am
Quoting ukdaytrader
I hope all you longs booked some profits.

Can't see us being bullish until after the election result tbh. If you're short, stay short until then. If you're long, be very careful.
UKDayTrader, When you say 'until after the elections' ... what does that mean in terms of timing ... am just trying to figure out when (tonight, UK time?) are the results finalized, ie., do your networks make early declarations on winners, pronouncements of seat make up (re hung parliament), etc ... just feels like sterling's going to be very reactive.
  • #223,489
  • May 6, 2010 8:48am May 6, 2010 8:48am
Quoting 5ysfx
Well maybe I am gambler who certainly is not correct with every bottom but I plan my trades for months/years and at this level(btw ~1.4 is my prediction from last year) is worth it but this is just me.

Anyway thanks for ur concern
No probs and good luck.

Worth noting that the 1.4325 handle was being defended by someone. Why else do you think price went sideways for 3 days? It merely looks to me like the SNB have temporarily stepped out, hense the quick drop. (This will have been expensive folly for them)

When they are willing to step back in is nothing more than guesswork IMO.
  • #223,490
  • Edited 9:06am May 6, 2010 8:53am | Edited 9:06am
Quoting JhonMonsalve
4h candle close below 141, what it means ---> 139 could be the next parade.
hi Jhon

Watch for potential bounce at channel ltl 139.8 area. If it breaks below that then 139.36 and lower is on the table. neckline is proving strong atm for candle closes.

on mini laptop, not very nice chart.
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  • #223,491
  • May 6, 2010 8:53am May 6, 2010 8:53am
Quoting Beljevina
UKDayTrader, When you say 'until after the elections' ... what does that mean in terms of timing ... am just trying to figure out when (tonight, UK time?) are the results finalized, ie., do your networks make early declarations on winners, pronouncements of seat make up (re hung parliament), etc ... just feels like sterling's going to be very reactive.
.....this is not an applied science, but there will be early indications of a potential winner by the early hours UK time. (10pm EST).

What normally happens is the news channels report the various counts paying special attention to those seats which are close/marginal. Some of these results may be indicative, some not so, but we will get a pretty clear indication sometime around 3.00am GMT of who the winner will be and their likely seat count.

I will be trading the counts in the UK Election thread.
  • #223,492
  • May 6, 2010 8:55am May 6, 2010 8:55am
did that last dude get banned or something? All those quoted posts I did of his say they were originally posted by me... wtf
check out my blog: forexmademillionaire dot com
  • #223,493
  • May 6, 2010 8:59am May 6, 2010 8:59am
I went long @ 140.80 ,target a slow progress upto 144.70. Not very confince yet,so I place a stop and switch off the pc and off to the pub .

Gl and see 2morrow
  • #223,494
  • May 6, 2010 9:02am May 6, 2010 9:02am
Quoting bonus76
I did that mistake of overleveraging my account when i first started and i thougt i am smarter than the market. Hey i lost 11k in 1 week. Now that doesnt happens anymore. I learned my lession. Now i am sidelined . I delated my posts cos i think this tread should be abount analyzing and charts and opinions. Probably i will delate this one 2. But becarefull. I have read ur post for over 3 months now and all i can read from u gj going to 136. 3 Months gone and price it's still far from ur targets. Its good to dream but i think u live in illusions.
You must still be learning how to read since I have said time and time again that all my trades are coming off at 140.00
check out my blog: forexmademillionaire dot com
  • #223,495
  • May 6, 2010 9:04am May 6, 2010 9:04am
Quoting fullhouse
I went long @ 140.80 ,target a slow progress upto 144.70. Not very confince yet,so I place a stop and switch off the pc and off to the pub .

Gl and see 2morrow
Just my opinion, but way too early bro... better prices coming.
check out my blog: forexmademillionaire dot com
  • #223,496
  • May 6, 2010 9:07am May 6, 2010 9:07am
Quoting Fudomyo
hi Jhon

Watch for potential bounce at channel ltl 139.9 area. If it breaks below that then 139.36 and lower is on the table. So far neckline is containing down move.
Hey buddy!

I'm worried a little bit about ¥ index, is on a really strong weekly s/r zone, if we have a close below that area --> another 500 pips or even more in the cards, else, it will bounce hard from there, I'm waiting until I get some clear signal...
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #223,497
  • May 6, 2010 9:15am May 6, 2010 9:15am
Quoting Beljevina
UKDayTrader, When you say 'until after the elections' ... what does that mean in terms of timing ... am just trying to figure out when (tonight, UK time?) are the results finalized, ie., do your networks make early declarations on winners, pronouncements of seat make up (re hung parliament), etc ... just feels like sterling's going to be very reactive.
Just to also answer this question.

There are very accurate exit polling and this will be announced straight after the booths close at 22:00 pm GMT tonight. The BBC, ITV and SKY news agencies will have their own and some will even average them all to even better accuracy.

The first result is usually in Sunderland (I only live 8 miles away BTW.) about 1 hour after the close (there's usually a race between some cities to announce their count first!).

No polls are shown during the open times.
  • #223,498
  • Edited 9:32am May 6, 2010 9:18am | Edited 9:32am
That last hourly candle cross thingy normally signals a reverse. Might be the downage is on hold for now - US equities look to be back to delusional value mode, might see selloffs this (NY) afternoon, aligned with the (early) start of UK election results? (Just a guess of course.) If results are finalized my 3am GMT, that'll make for an interesting Asia session.

15M has more volume in the last few candles than the previous low - might be a sign that it's buying and determination to keep it here? But GU looks ready for a dump too. UJ's not doing good either, but of course both won't necessarily bring GY down. Nothing but a guess for now.
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  • #223,499
  • May 6, 2010 9:19am May 6, 2010 9:19am
Quoting Geppy
Just my opinion, but way too early bro... better prices coming.
Don't now.I don't have charts open ,I'm on mobile .if it break 139.60. I'm in shyt. Good reason to get pissed 2nite .its about time .so either side I'm happy.lol
  • #223,500
  • May 6, 2010 9:20am May 6, 2010 9:20am
Quoting Jake Snake
Just to also answer this question.

There are very accurate exit polling and this will be announced straight after the booths close at 22:00 pm GMT tonight. The BBC, ITV and SKY news agencies will have their own and some will even average them all to even better accuracy.

The first result is usually in Sunderland (I only live 8 miles away BTW.) about 1 hour after the close (there's usually a race between some cities to announce their count first!).

No polls are shown during the open times.
Thanks very much Jake & UKDayTrader.
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