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

  • #225,261
  • May 19, 2010 2:12am May 19, 2010 2:12am
Quoting Geppy
Ahhh, I see... my platform is like a friggin laser light show!
I can't even see where the price moving. Hang there zzzzzzzzzzzzzzz
  • #225,262
  • May 19, 2010 2:18am May 19, 2010 2:18am
Be careful guys...

Quote
CFTC Euro Net Short Contracts Surge By 10% Sequentially, Hit Absolute Record Of -113,890, Just Begging For Squeeze

The most recent CFTC Commitment of Traders report is out, and at least as pertains to the EURUSD, it is a doozy. After hitting record after record in net short exposure, the Euro net non-commercial contracts have surged by 10% week-over-week, and represent a fifth consecutive weekly bet on the decline of the Euro, to -113,890 contracts. This is an all time record, as virtually all speculators are betting against the Euro. On...


http://www.zerohedge.com/sites/defau...R%205.14_1.jpg

http://www.zerohedge.com/article/cft...-just-begging-
''Art is making something out of nothing and selling it'' Frank Zappa
  • #225,263
  • May 19, 2010 2:20am May 19, 2010 2:20am
All roads lead to 129. Eventually it will fall. I think it's "shaking" out the weak shorts again. It still could go as high as 133 before heading down but I don't mind the slight drawdown. Price can do whatever it wants. I'll get my pips eventually. That's the beautiful thing about a trend.
  • #225,264
  • May 19, 2010 2:21am May 19, 2010 2:21am
Quoting vifer
Be careful guys...


http://www.zerohedge.com/article/cft...-just-begging-
Old news... same is true with U/J
check out my blog: forexmademillionaire dot com
  • #225,265
  • May 19, 2010 2:26am May 19, 2010 2:26am
yes grashid,,some did calling longs the day before yesterday,,but when they all come back into this threat,,guess what..Q will still be the same view and he will still say long 135-138 ..we only had a bear trap and we will soon see higher price's ..im still target 138.30...

its still a long way ,but i persoanlly cant see by any minute ,we will drop and take out the prev low at 129.80,and i do clearly see 137/138

i can be waaay off and wrong,and i will join the bears if i see any setups,but so far so good ... close above 133 is dangerous for bears..and again below 130... its def a tug and war ,and im unlucky on the bulls side now ,and will play it till i see im wrong

maybe the news of the ban will slam this pair to 125 before firday,, we dont know,what the elepahants plans are...
  • #225,266
  • May 19, 2010 2:34am May 19, 2010 2:34am
On the the 7th of May, in the morning I shorted Eur/Jpy at 114.66 in my live account only for the market to go north against me by over 100 pips in hours; foolishly I did not close the trade. At the close of the US session on this same Friday I was having a drawdown of 187 pips. I refused to close it believing that It will come back. By Monday open.

I crowned my foolishly by leaving the trade for the weekend. I returned the noon of the following Monday to see that the market opened with a gap northward, I now have a drawdown of over 500 pips. I did not close it again.


I had to close it with a loss of 668 pips (I LOST 58% OF MY ACCOUNT). By God’s grace yesterday I have gotten back all what I have lost even with more gain. I will never allow such drawdown again. This is big lesson! I thank God.


Attached Image
  • #225,267
  • May 19, 2010 2:37am May 19, 2010 2:37am
I'd like to think we're on a slow train to further down moves; I think there's distribution happenning here. If this hourly candle completes something like this, we may dump in the next hour(s). And just for reading material, here's a snapshot of Asian markets.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-05-19_033335.png Size: 19 KB
Attached Image
  • #225,268
  • May 19, 2010 2:45am May 19, 2010 2:45am
Quoting uncletrumpet
http://cdn.forexfactory.com/attachme...1&d=1274254373
crazy really
  • #225,269
  • May 19, 2010 2:48am May 19, 2010 2:48am
the 4 hour bullish divergance tell's we will have another leg down,below last night's , low... so bears are still there and maybe we will see 128...
  • #225,270
  • May 19, 2010 2:58am May 19, 2010 2:58am
Here is another 15 minute bull channel for this morning... We need to see it break to start our downward journey...
Attached Image (click to enlarge)
Click to Enlarge Name: gbp15min2.jpg Size: 51 KB
Traderdesk -
  • #225,271
  • May 19, 2010 3:10am May 19, 2010 3:10am
Quoting Traderdesk
Here is another 15 minute bull channel for this morning... We need to see it break to start our downward journey...
Done... lets go 129.60. Daddy needs a new Rover.
Every time you use 'hopium' in a post, God kills a kitten.
  • #225,272
  • May 19, 2010 3:12am May 19, 2010 3:12am
Quoting profxtrader
Done... lets go 129.60. Daddy needs a new Rover.
I need to buy a new summer house....

Wherever I find trendlines on the 15 min. chart I will play them hard... PA is allowing some good scalping on this TF...
Traderdesk -
  • #225,273
  • May 19, 2010 3:20am May 19, 2010 3:20am
Quoting hindart
Locked 50 pips, will close it at exactly 132.1, will see what to do then.
Tgt hit with +130 pips, short got executed and now at BE. lets see where it takes me!
  • #225,274
  • May 19, 2010 3:22am May 19, 2010 3:22am
Maybe some people can tell me there thoughts on when this latest daily swing will bottom out?

I have shorts open from 142 and I would like to close them out after this swing starts to reverse... I was looking originally at 130 but with the market momentum and some technical pointers I started looking at 120 for a double bottom...

125 even sounds good but with Euro in everyone's bad graces 120 is starting to look attractive... Trendiness is showing 129 or 118.. hmmm....

Thoughts?
Traderdesk -
  • #225,275
  • May 19, 2010 3:24am May 19, 2010 3:24am
Quoting hindart
Tgt hit with +130 pips, short got executed and now at BE. lets see where it takes me!
I would like to see 130.5 as a minimum...
Traderdesk -
  • #225,276
  • Edited 3:48am May 19, 2010 3:29am | Edited 3:48am
Looks like nice setup

H&S...Long Euro could be very good...IMO

New low coming soon in Geppy..
Attached Image (click to enlarge)
Click to Enlarge Name: EUR AUD.jpg Size: 118 KB
Markets are not Random, they are designed!
  • #225,277
  • May 19, 2010 3:30am May 19, 2010 3:30am
Quoting $teve
I think I just got a great short entry at 131.80 at 15M 50ema. Looking for another bear massacre tonight. Price could be trading in the low 130's prior to MPC.
I am PSYCHIC!!! I want to manage $20 billions like George Soros NOW!!!!!!
  • #225,278
  • May 19, 2010 3:31am May 19, 2010 3:31am
Quoting uncletrumpet
On the the 7th of May, in the morning I shorted Eur/Jpy at 114.66 in my live account only for the market to go north against me by over 100 pips in hours; foolishly I did not close the trade. At the close of the US session on this same Friday I was having a drawdown of 187 pips. I refused to close it believing that It will come back. By Monday open.

I crowned my foolishly by leaving the trade for the weekend. I returned the noon of the following Monday to see that the market opened with a gap northward, I now have a drawdown of over 500 pips....
Thank God for your recovery. It is a vital lesson that i think everybody has one or two things to take away from. But, just a minute, if you had not recovered yesterday, would you still had the boldness to come out and tell us your story? Food for thoughts.
Orderliness of Randomness
  • #225,279
  • May 19, 2010 3:39am May 19, 2010 3:39am
130.38 needs to be watched closely, PA encountered a nice support to the pip there.
  • #225,280
  • May 19, 2010 3:41am May 19, 2010 3:41am
Quoting glopfel
130.38 needs to be watched closely, PA encountered a nice support to the pip there.
I wonder why?
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