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

  • #223,541
  • May 6, 2010 10:57am May 6, 2010 10:57am
136.6 bottom? HUGE volume showing up M5. Are they buyers? Time will tell.
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  • #223,542
  • May 6, 2010 10:58am May 6, 2010 10:58am
Quoting ghuisthefirs
O boy this is gonna be two days of fun!
Today 400 pips up, and tomorrow 400 down. Next week even more down
Where's this guy gone?
This has to be the most spectacular fail i've ever seen on here.

I hope he was well capitalised.
  • #223,543
  • May 6, 2010 10:59am May 6, 2010 10:59am
Quoting Geppy
well now that's 300 pips I've left on the table... fml!
Join the freaking club; my account would have multiplied. Oh well, now, let's go bottom fishing...
  • #223,544
  • May 6, 2010 11:00am May 6, 2010 11:00am
  • #223,545
  • May 6, 2010 11:01am May 6, 2010 11:01am
lololol! finished as well.

looks like 136.8 weekly S3 is holding the bottom for now.
  • #223,546
  • May 6, 2010 11:02am May 6, 2010 11:02am
Quoting ukdaytrader
Where's this guy gone?
This has to be the most spectacular fail i've ever seen on here.

I hope he was well capitalised.
I was gonna go dip it up too but thanks for saving me some time ... I don't think we'll be hearing from him again, not under that alias anyway.
check out my blog: forexmademillionaire dot com
  • #223,547
  • May 6, 2010 11:03am May 6, 2010 11:03am
Quoting fullhouse
like this ... im done for the day
... is that demo account?
just joking
Read the entire market, money is made on the main trend not the fluctuation
  • #223,548
  • May 6, 2010 11:04am May 6, 2010 11:04am
....this week. >500 today alone.

Who says those mad days are no more.
  • #223,549
  • May 6, 2010 11:07am May 6, 2010 11:07am
Gucc, gonna ask your opinion on this since you seem to live for this (and other of course). Any potential in this or is it not valid?
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check out my blog: forexmademillionaire dot com
  • #223,550
  • May 6, 2010 11:10am May 6, 2010 11:10am
hi all
if ıt retrace 61.8 can this wolfwave play out
thanks
  • #223,551
  • May 6, 2010 11:11am May 6, 2010 11:11am
Alright guys. I'm done for this week. Although I miss most of the pips.. that makes me so frustrated.

Some charts before I leave

the daily trendline should holds. and there is some significants support at 136.82 and 135.78. If these support lines does not hold. 133 is on the card or maybe even lower.

Happy Pipping..
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gj daily 1.gif Size: 53 KB
Read the entire market, money is made on the main trend not the fluctuation
  • #223,552
  • May 6, 2010 11:11am May 6, 2010 11:11am
sorry this is the chart
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  • #223,553
  • May 6, 2010 11:16am May 6, 2010 11:16am
Quoting Kofmaster
Alright guys. I'm done for this week. Although I miss most of the pips.. that makes me so frustrated.

Some charts before I leave

the daily trendline should holds. and there is some significants support at 136.82 and 135.78. If these support lines does not hold. 133 is on the card or maybe even lower.

Happy Pipping..
Kof, I think your first chart is hands down the best one of the day to be focusing on. I nearly forgot about this (I have it drawn at home but dont't look often). Here it is naked. I think this is pretty significant as you can see we broke through that support but them came back through the resistance and now are testing the trendline to the pip. Pretty amazing TA if this holds... purely classical (which I love!)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.JPG Size: 51 KB
check out my blog: forexmademillionaire dot com
  • #223,554
  • May 6, 2010 11:25am May 6, 2010 11:25am
Time to focus on the UK election. If the right combination of factors wins out, longs could have another truckload of pips here.
  • #223,555
  • May 6, 2010 11:25am May 6, 2010 11:25am
Quoting ukdaytrader
....this week. >500 today alone.

Who says those mad days are no more.
...who win today UK..i just open my pc...n heheh..ey n gy..i dunno how to pack all that pips
  • #223,556
  • May 6, 2010 11:26am May 6, 2010 11:26am
Quoting Geppy
Gucc, gonna ask your opinion on this since you seem to live for this (and other of course). Any potential in this or is it not valid?
Geppy.its hard to judge where will the bottom be and it looks like a valid pattern,but the right shoulder can go to low 135's .but like scrat say wait for PA to stall first before we jump.oh man I'm sick on my stomach for.I can't even type this.I post yesterday my tradeplan that I will hold until 161.8 @ 136.50 but I truley fck up. I leave over 400 pips on the table. Wait wait lemme puke!

Skofmaster .yes it is a demo acc.its my gf acc. When she arrived from work she scream...
"Lover lover I'm up 3 mil on all pairs.... I nearly reply " shut uuup"
  • #223,557
  • May 6, 2010 11:28am May 6, 2010 11:28am
Quoting Geppy
Kof, I think your first chart is hands down the best one of the day to be focusing on. I nearly forgot about this (I have it drawn at home but dont't look often). Here it is naked. I think this is pretty significant as you can see we broke through that support but them came back through the resistance and now are testing the trendline to the pip. Pretty amazing TA if this holds... purely classical (which I love!)
Thanks mate
Ya that PA is pretty amazing since it holds from nov 2009. Daily candle should closed around <138 . But what bothering is tmr nfp. Will they take this chance to move even lower or case like Nov 27 2009 will happen. I hope for the latter
Read the entire market, money is made on the main trend not the fluctuation
  • #223,558
  • May 6, 2010 11:29am May 6, 2010 11:29am
Quoting fullhouse
Geppy.its hard to judge where will the bottom be and it looks like a valid pattern,but the right shoulder can go to low 135's .but like scrat say wait for PA to stall first before we jump.oh man I'm sick on my stomach for.I can't even type this.I post yesterday my tradeplan that I will hold until 161.8 @ 136.50 but I truley fck up. I leave over 400 pips on the table. Wait wait lemme puke!

Skofmaster .yes it is a demo acc.its my gf acc. When she arrived from work she scream...
"Lover lover I'm up 3 mil on all pairs.... I nearly reply " shut...
Don't feel too bad... I left 300 pips on the table which was nearly what I ended up banking on my entire position... woohoo I got HALF of the move *FML*

LOL... your demo account's taunting cracks me up!
check out my blog: forexmademillionaire dot com
  • #223,559
  • May 6, 2010 11:30am May 6, 2010 11:30am
Quoting Kofmaster
Thanks mate
Ya that PA is pretty amazing since it holds from nov 2009. Daily candle should closed around <138 . But what bothering is tmr nfp. Will they take this chance to move even lower or case like Nov 27 2009 will happen. I hope for the latter
Again I think NFP is a non-event for yen crosses... BUT, even if numbers aren't great I think they'll have to cook the books to try and instill some confidence in the US markets.
check out my blog: forexmademillionaire dot com
  • #223,560
  • May 6, 2010 11:34am May 6, 2010 11:34am
Quoting Geppy
Again I think NFP is a non-event for yen crosses... BUT, even if numbers aren't great I think they'll have to cook the books to try and instill some confidence in the US markets.
I agree. The market is so spooked, such that good news is like no news. Fewer and fewer people are buying it. With the trend this week, any more 'bad vibes' out of Europe or other negativity, be prepared for more downage tomorrow.
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