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

  • #223,801
  • May 7, 2010 1:30am May 7, 2010 1:30am
I am wit chu.

Quoting Clouds
2hr candle sticks looks bearish to me
  • #223,802
  • May 7, 2010 1:34am May 7, 2010 1:34am
Quoting Scrat
THIS is the next support - 134.35 area, going as low as 133.40; anything below that will trigger another test of yesterday's low...
check 5min chart, widening wedge forming, these usually form when immense movements are on the way, no? so if this holds, i think we might see yesterdays lows with londra open.
  • #223,803
  • May 7, 2010 1:34am May 7, 2010 1:34am
Anyone here have any idea what the news might do to price her in about 2 hours?
  • #223,804
  • May 7, 2010 1:35am May 7, 2010 1:35am
Quoting Clouds
2hr candle sticks looks bearish to me
yes sir re
  • #223,805
  • Edited 2:07am May 7, 2010 1:37am | Edited 2:07am
I'd probally be most worrysome if I knew, the things that tomorrow threw.

Quoting techfan1128
Anyone here have any idea what the news might do to price her in about 2 hours?
  • #223,806
  • May 7, 2010 1:39am May 7, 2010 1:39am
do you know that GJ has been at rest for many months. the highly trending market is back again till further notice. But be aware that your stoploss can be the target by the price action.
GJ moved a daily range of 1257 yesterday. Try to backtest that, it has never done that before. But today could be around 1000 pips.
Yesterday I was shocked whn GJ retraced by 145 pips in just 25 minutes and it came back. You need a laser accuracy to enter market now or else your stoploss would be hit.

Quoting Kofmaster
I just feels like time travelled back to year 2008. Where daily average 500 to 1000pips..
  • #223,807
  • May 7, 2010 1:49am May 7, 2010 1:49am
looks like uj will really tank if it breaches 91.75
  • #223,808
  • May 7, 2010 1:59am May 7, 2010 1:59am
well I re-entered with same SL TP on both GJ and UJ, but this is demo account - this kind of stuff wiped my real acc so be careful (though it wasn't GJ nor UJ which I kind of got to know)
  • #223,809
  • May 7, 2010 2:00am May 7, 2010 2:00am
Quoting techfan1128
Anyone here have any idea what the news might do to price her in about 2 hours?
there are rumors blaming tech error on NQ
  • #223,810
  • May 7, 2010 2:01am May 7, 2010 2:01am
Quoting Clouds
looks like uj will really tank if it breaches 91.75
most probably GJ formed bottom for now and will be headed up JMHO
  • #223,811
  • May 7, 2010 2:05am May 7, 2010 2:05am
Quoting metlife777
there are rumors blaming tech error on NQ
it's not a tech error. it's THEIR error. they have the software. they make the software. we trade on the software.

when dow drops 10% or other markets fall that much, that TALK. and they re-evaluate their software, and make algorithm changes, so hopefully it won't happen again. that's their hope anyway...

i wouldn't worry about it too much, as it was likely that the volume was so intense, that when margin calls, stop losses, profit taking , all were going off, after months of bullish stock market, and then 3 days of large losses, it just happen....
  • #223,812
  • May 7, 2010 2:05am May 7, 2010 2:05am
Quoting metlife777
most probably GJ formed bottom for now and will be headed up JMHO
with that inverse wedge on 5m and a cluster of MVAs heading down all supported by ichimoku? I doubt it can go over 135,1 now before prolapsing further down. But then again, everything is possible.
  • #223,813
  • May 7, 2010 2:06am May 7, 2010 2:06am
Quoting metlife777
most probably GJ formed bottom for now and will be headed up JMHO
i do agree, but i think lows may be tested first.
  • #223,814
  • May 7, 2010 2:07am May 7, 2010 2:07am
Quoting Clouds
it's not a tech error....
they talked that operator entered wrong data mistakenly missing zeros
  • #223,815
  • May 7, 2010 2:09am May 7, 2010 2:09am
Quoting metlife777
they talked that operator entered wrong data mistakenly missing zeros
ok. f' them. one operator can bring a market down 1,000 points. ha ha.
  • #223,816
  • May 7, 2010 2:09am May 7, 2010 2:09am
Quoting Clouds
i do agree, but i think lows may be tested first.
i thought a hung parliament was supposed to be bad news for cable??
  • #223,817
  • May 7, 2010 2:12am May 7, 2010 2:12am
Quoting Clouds
ok. f' them. one operator can bring a market down 1,000 points. ha ha.
it caused temp system crashed with data collision
  • #223,818
  • May 7, 2010 2:12am May 7, 2010 2:12am
Quoting witsnpips
i thought a hung parliament was supposed to be bad news for cable??
my bias is lower, but that wouldn't stop me from buying at bottom. i dont think UK matters much to the forex world now. all eyes are on greece.
  • #223,819
  • May 7, 2010 2:13am May 7, 2010 2:13am
Quoting metlife777
they talked that operator entered wrong data mistakenly missing zeros
Thats some BS... which is never heard of...

They should give peoples money back...lol...
Markets are not Random, they are designed!
  • #223,820
  • May 7, 2010 2:14am May 7, 2010 2:14am
Quoting metlife777
it caused temp system crashed with data collision
hmmm.. ill ask my programmer friend what that means..
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