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  • #224,101
  • May 11, 2010 2:15pm May 11, 2010 2:15pm
Quoting Geppy
You won't see 125, not at least for 3-6 months. Why? Go look back and read the lengthy post I wrote last night.

I had a hint of de ja vu reading this post of yours, Q. Back when we were trading in the 135-138 zone in March you were adamant that price wouldn't go higher. You cited many strong resistances above that we simply couldn't break. I said we were going higher and I was long. We sliced through those resistances on our way to 145 where we consolidated before the big drop. But even when we were stagnant up at those levels you had changed...
Geppy, I very much appreciate your thorough and insightful posts. I want to ask you (and others) for your opinion on short term PA - I believe that LibDem are scheduled to meet at 19:30 BST & Tories meet at 20:00 BST. According to some analysts (e.g., A. Laidi), this could drive cable up, fast. We have seen declining PA over the past couple of hours. What is your take on PA short term (next few to 24 hours)?
  • #224,102
  • May 11, 2010 2:19pm May 11, 2010 2:19pm
Quoting FXjane
Geppy, I very much appreciate your thorough and insightful posts. I want to ask you (and others) for your opinion on short term PA - I believe that LibDem are scheduled to meet at 19:30 BST & Tories meet at 20:00 BST. According to some analysts (e.g., A. Laidi), this could drive cable up, fast. We have seen declining PA over the past couple of hours. What is your take on PA short term (next few to 24 hours)?
No clue... and honestly I don't care. In my opinion fundamentals generally align with technicals. Although we may see some short term pops or drops, I'd expect us to settle back into ranging. Understand that by "ranging" I'm talking of a rather big range... 135-140 seems pretty conservative until the dust begins to settls (perhaps next week) and we can get a more defined mid-term direction.

I wasn't going to trade this week, but took some small shorts from 139.41 and will be holding them through this news.
check out my blog: forexmademillionaire dot com
  • #224,103
  • May 11, 2010 2:25pm May 11, 2010 2:25pm
Quoting Geppy
You won't see 125, not at least for 3-6 months. Why? Go look back and read the lengthy post I wrote last night.

I had a hint of de ja vu reading this post of yours, Q. Back when we were trading in the 135-138 zone in March you were adamant that price wouldn't go higher. You cited many strong resistances above that we simply couldn't break. I said we were going higher and I was long. We sliced through those resistances on our way to 145 where we consolidated before the big drop. But even when we were stagnant up at those levels you had changed...
Only time will tell my friend. . . You won't see 143/142/141 for that matter before you see a new low. . . Good luck on your longs bro!

Btw,

Wrote this post yesterday while selling off 140.50 area while you where still waiting on confirmation and told you where it was going. . . You tell me where it bottomed in overnight trading 135.60 and I said sell the top and your target is 135.80. . . LMAO. . .

And your last sentence is not cocky and prognosticating price? C'mon Geppy get a grip. . . You long I'm short make money both ways lets see where we go. . .

The daily and weekly chart is giving you a good look better pay attention. . . before the drop and it can't get up. . .
  • #224,104
  • May 11, 2010 2:31pm May 11, 2010 2:31pm
I tp on my longs at 138.70 and got short at 138.65.

Since my position isn't from the top I will probably be looking to get to tp pretty quick on these trades before asia gets started.

Good call on 138.7 scrat, it tested there for a little bit and it became clear support wasn't going to hold.

Glad to hear you shook it off Geppy, adda boy!
  • #224,105
  • May 11, 2010 2:35pm May 11, 2010 2:35pm
Looks like trouble before the new prime minister is unveiled!

The Lib Dems have to vote tonight without knowing what the coalition pact details are!

Also, there's some very BIG question marks on the how the economy is going to be run. I'm afraid there's not very much bull news at the moment until we hear more details probably tomorrow morning or late UK time.
  • #224,106
  • May 11, 2010 2:42pm May 11, 2010 2:42pm
If this post wasn't so littered with false statements I wouldn't bother replying...

Firstly, and as stated in my last post, I'm not long but short right now. Looks like my statement regarding you jumping too early and too decisive on your conclusions not only applies to your trading but others' as well... interesting.

Secondly, I'm not sure why you speak of me "waiting for confirmation"... that's Scrat's trading style and you should know that by now. Anyone that spends any time here knows I'm generally in before confirmation and that happens to be my style and what works for me. If I had been trading (again I stated yesterday that I wasn't... try reading) I would have been short at 140.00ish and as I posted last night, would have covered around 138.00.

I admit that at times I am "cocky and prognosticating price" as you say, but I tend to back up my views with some sort of TA or fundamental analysis. Your last post contained absolutely none of this.

And now you ponit to the daily and weekly timeframes just as you did when we were trading up in the mid 140s. Well, you were bullish on the daily AND weekly back then. I guess I can start using your views as a new contrarian indicator.

Thanks!


Quoting quecee5
Only time will tell my friend. . . You won't see 143/142/141 for that matter before you see a new low. . . Good luck on your longs bro!

Btw,

Wrote this post yesterday while selling off 140.50 area while you where still waiting on confirmation and told you where it was going. . . You tell me where it bottomed in overnight trading 135.60 and I said sell the top and your target is 135.80. . . LMAO. . .

And your last sentence is not cocky and prognosticating price? C'mon Geppy get a grip. . . You long I'm short make money both ways lets see where...
check out my blog: forexmademillionaire dot com
  • #224,107
  • Edited 3:36pm May 11, 2010 2:57pm | Edited 3:36pm
Quoting Geppy
If this post wasn't so littered with false statements I wouldn't bother replying...

Firstly, and as stated in my last post, I'm not long but short right now. Looks like my statement regarding you jumping too early and too decisive on your conclusions not only applies to your trading but others' as well... interesting.

Secondly, I'm not sure why you speak of me "waiting for confirmation"... that's Scrat's trading style and you should know that by now. Anyone that spends any time here knows I'm generally in before confirmation and that happens...
Bro its apparent to me that you have a hair up your ass so for that I won't respond to such ignorance because your analysis is always right and then there is everyone else. . .

http://www.forexfactory.com/showthre...05#post3703405

Try posting a chart or two every once in awhile to back up that analysis of yours instead of writing sildeline bullshit that can go both ways. . . or is the enclosed the best you got?

I don't waste my time posting charts here anymore as I'm a swing trader and this thread has become a scalping thread with a lot of BS calls every 30 min and you are a mere example of the idiotic nature of this thread. . .

No need to repond as I like others counterparts have decided to leave this dying thread to you and others for the taking. . .

See you down under. . .
  • #224,108
  • May 11, 2010 3:01pm May 11, 2010 3:01pm
Quoting quecee5
Doesn't hurt to build a position long just in case. . .
Here is what I see. . . Q1 = 1.53, Q2 = 1.60, Q3 = 1.63 and Q4 = 1.63/1.62 or (flat). . . Could it be possible that the turmoil is somewhat priced in? Also, don't they too have to watch for inflation with such low currency rates?

Lots of things to take in consideration here when talking forex rates. . .

I guess bringing this up would make me a smart arse, but had to do it...

good luck all,
  • #224,109
  • May 11, 2010 3:05pm May 11, 2010 3:05pm
Quoting mr-T
The kind where at any moment in uncertain times you could get your shorts taken from you, better plan.... "lets keep #'s and sentiment as positive as possible without looking too obvious" when the dealing is done can you say "trapped"

believe it or not the uptrend from the lows was profit taking and small position discount buying, the positions now have been reloading of shorts.

when will it happen? not exactly sure, how fast will it be? not exactly sure. will you know when it happed after the fact? of this I am very sure.
stay short or wait for retrace to 141.5 area.
  • #224,110
  • May 11, 2010 3:10pm May 11, 2010 3:10pm
Quoting mr-T
I guess bringing this up would make me a smart arse, but had to do it...

good luck all,
http://www.forexfactory.com/showthre...72#post3532572


Nope not a smart arse but if you are going to post something post it all. . .

Yea we can go there New World Order, Illuminati, Brotherhood. . . but in the end. . . things happen in cycles and we are in that sideways cycle for now.
This time last year no one was talking NWO just enjoying the massive bull run 4K pips. . . Anyway, overall trend is down but it won't happen in a straight line we do agree on that. . .

Indicative of the stupidity being displayed on this thread. . .
  • #224,111
  • May 11, 2010 3:18pm May 11, 2010 3:18pm
Easy guys...

Everyone here has different style of trading
Someone is short other one long and both might be winners depend on TF using.

I trade only high probs, and from monthly point of view rhino will fly.
I will be buying dips even if drop beyond 120
They want let stocks to collapse, they are buying time(baills out, USD flood) causing probably hyperinflation all over the world(check gold and silver),
Yen is loosing ground as a safe heaven.

My bet is long for geppy, next year at the same time imho wanna see her between 195-170 levels,

Trigger for bull market should be uj monthly close above 93 which is pretty close.

So fly rhino fly... to make happy everyone
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  • #224,112
  • May 11, 2010 3:23pm May 11, 2010 3:23pm
Quoting quecee5
http://www.forexfactory.com/showthre...72#post3532572


Nope not a smart arse but if you are going to post something post it all. . .

Yea we can go there New World Order, Illuminati, Brotherhood. . . but in the end. . . things happen in cycles and we are in that sideways cycle for now.
This time last year no one was talking NWO just enjoying the massive bull run 4K pips. . . Anyway, overall trend is down but it won't happen in a straight line we do agree on that. . .

[b]Indicative of the stupidity being displayed...
quecee, I am sorry, should preview post instead of just submitting, I actually have much respect for you and have read your post for some time, so for me to jump in and fuel the flame was very childish and Ill publicly appologize.
  • #224,113
  • May 11, 2010 3:37pm May 11, 2010 3:37pm
Come on guys, act professionally, please.

We all have different views and styles, please respect that.

I think a lot of frustration is because just numbers are banded about without any charts or proof. Even if you don't have a chart it's always good to say why you believe it's going up or down.

Also, can I remind you that many indicators are (particular Moving Averages) are still reeling from the sudden drop and will take time to settle depending on the TF.

Come on, a GROUP HUG!
  • #224,114
  • May 11, 2010 3:57pm May 11, 2010 3:57pm
Quoting Raza
Eur/Aud about to give a Long Opp...

USD/CAD at critical level.....

http://www.forexfactory.com/showthre...43#post3711943
Careful with Cad Raza! the only trade that I recommend on cad is going long [short UC] , EurAud looks good, but is same history, gold is breaking the highs, so, careful shorting the aussie.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #224,115
  • May 11, 2010 5:20pm May 11, 2010 5:20pm
ok GIRLS enough....or should i spank each one of u?

all of u are excellent traders...u guys ppost where and why u think is going so keep doing it and thats it...do not critizose eachother...we are all a tream where one see what the other dont....

this is what i see: GBP/JPY downtrend to 128

I'm short frm 139.07
  • #224,116
  • May 11, 2010 5:29pm May 11, 2010 5:29pm
This has been a great thread. I hope both of you, quecee5 and Geppy stick around.

We can all share our thoughts without stepping on each other's toes.

Besides, I just added both of you to my Buddy List. You have to stay now.
  • #224,117
  • May 11, 2010 6:03pm May 11, 2010 6:03pm
138 is daily pivot and hourly ema50 long might works here.
SL below 138 immediately
  • #224,118
  • May 11, 2010 6:38pm May 11, 2010 6:38pm
Quoting 5ysfx
Easy guys...

Everyone here has different style of trading
Someone is short other one long and both might be winners depend on TF using.

I trade only high probs, and from monthly point of view rhino will fly.
I will be buying dips even if drop beyond 120
They want let stocks to collapse, they are buying time(baills out, USD flood) causing probably hyperinflation all over the world(check gold and silver),
Yen is loosing ground as a safe heaven.

My bet is long for geppy, next year at the same time imho wanna see her between...
Atleast someone is seeing similar things here...

Fly Rhino Fly....!!!

I expect this by December2010.(j/k)

May be they printed so much $$..cause they know there will be a Big demand for it in the

Future..Just a Thought.!!lol....
Markets are not Random, they are designed!
  • #224,119
  • May 11, 2010 6:59pm May 11, 2010 6:59pm
Yep won't bet any penny on JPY as long as price is above weekly ema14(92.50)

sorry for typo it should be

"they don't wanna stocks to collapse"

Quoting Raza
Atleast someone is seeing similar things here...

Fly Rhino Fly....!!!

I expect this by December2010.(j/k)

May be they printed so much $$..cause they know there will be a Big demand for it in the

Future..Just a Thought.!!lol....
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  • #224,120
  • May 11, 2010 7:57pm May 11, 2010 7:57pm
looks like asia is running crazy bot tonight. whatever pa is showing its really going the opposite.

i have the dpp at .09 and it has been broken now but I am not sure what that means with this zig zagging pa.
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