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  • #6,521
  • Mar 13, 2012 11:35am Mar 13, 2012 11:35am
Closed 50% at +30 on GBPUSD - Moved SL -> BE+3.
  • #6,522
  • Mar 13, 2012 11:42am Mar 13, 2012 11:42am
What is this, all become analysts.
Where is the X-man, PHX 62, Emanuel.
  • #6,523
  • Mar 13, 2012 11:42am Mar 13, 2012 11:42am
Don't want to spread conspiracy theories, but they may have been proping up GBP before FOMC announcement. Now it's falling like a rock.

Got my +30 at at BE so no stress, but this time it was a news trade after the great GBPUSD setup.

Quoting Liberum
Does anyone know where the sudden outburst of gbp came from?

Was it an extreme move to get out of the oversold area on the higher timeframe or was there news regarding gbp?

Eurusd and audusd also went up, but not as much as gbpusd. Other gbp paires also went up pretty fast.

Only thing I see was a bounce from the 50.0 fibo, drawn from low 13 January to spike high 29 February.
  • #6,524
  • Mar 13, 2012 11:43am Mar 13, 2012 11:43am
Usually s3 is traded around early london open early NY session. In between those times there is market analysis.

Quoting izisale
What is this, all become analysts.
Where is the X-man, PHX 62, Emanuel.
  • #6,525
  • Mar 13, 2012 11:55am Mar 13, 2012 11:55am
Quoting nonfiction
Expect strong GBPUSD downward pressure now after positive FOMC announcement for US.
that was a good call!
Make sure losses are small and profits are bigger!
  • #6,526
  • Mar 13, 2012 12:00pm Mar 13, 2012 12:00pm
Combination of technical and fundamental all in favour for a short.

I'm expecting 120+

Quoting 2be
that was a good call!
  • #6,527
  • Mar 13, 2012 1:28pm Mar 13, 2012 1:28pm
Fed will release Bank Stress Test in two minutes
High expectation that this will support Wall Street
Look at gold, capital went from gold to Wall st
interesting, uds index has not responded to that yet
Make sure losses are small and profits are bigger!
  • #6,528
  • Edited 4:01pm Mar 13, 2012 1:30pm | Edited 4:01pm
Quoting 2be
Fed will release Bank Stress Test in two minutes
High expectation that this will support Wall Street
Look at gold, capital went from gold to Wall st
interesting, uds index has not responded to that yet
Citi Group and 3 others have failed
Make sure losses are small and profits are bigger!
  • #6,529
  • Mar 13, 2012 10:27pm Mar 13, 2012 10:27pm
Hi,

Just to followup to my post#6486, the move to the upside within the falling channel provided some good profits yesterday.
Price is in consolidation after that surprise 130pips H4 candle.
With a DIB pattern, a likely breakout is imminent. Question is to which direction.
My take is it will continue downwards in the falling channel, but I would be wary of an early break upwards to test the resistance above.

Market is random and it is never possible to predict any move using technical analysis. We can only look for higher probability trade setups and trade them. But I am always prepared with a turnaround trade in my trade plan for such breakout situations.

Be free to discuss any trade setups that you have in mind.

Have good trading day everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 14 Mar pre-LO 14-3-2012 12-59-50 PM.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,530
  • Mar 13, 2012 10:48pm Mar 13, 2012 10:48pm
Hi,
Here is an update of my trade post#6496.
EURJPY - only managed partial exit +30pips and rest stopped out at BE.
AUDJPY - still running, and added position with profit after first partial exit. This is now a 'free trade' and need careful management to reach final TP eyeing 90.00 which near the high of March 2011.

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY H4 Week 11 Trade update 14-3-2012 1-35-02 PM.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,531
  • Mar 13, 2012 10:55pm Mar 13, 2012 10:55pm
Quoting izisale
What is this, all become analysts.
Where is the X-man, PHX 62, Emanuel.

Hi izisale,

well, I do mostly trade H4 so I wont be posting many intraday H1 trades these days. But I stuill look for good setups and post them and I can aslo use them for my H4 entry too.

S3 H1 EU is good for LO and NYO, but I don's see many members posting their questions therefore my assumption is that they are okay with this H1 method when they read and study all the posts starting from post#1.

I prefer to trade H4, to stay away from all the market noise in lower TF.

Hope you are trading well these days.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,532
  • Mar 13, 2012 11:14pm Mar 13, 2012 11:14pm
G/U broke out, but with no cross. Waiting for the cross
  • #6,533
  • Mar 13, 2012 11:23pm Mar 13, 2012 11:23pm
Quoting Con
G/U broke out, but with no cross. Waiting for the cross

but on H1 TDI RSI PL bounce off TSL, and cross MBL, ...right?

wait for price to pullback for a better price entry on H1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,534
  • Mar 13, 2012 11:41pm Mar 13, 2012 11:41pm
yup 1 hr already did the cross and bounce. Hopefully after LO it will give me a better entry. Thanks
  • #6,535
  • Mar 14, 2012 12:57am Mar 14, 2012 12:57am
Quoting Vantage
More importantly for me will be the close today. We had a decent bounce from 3100 on 8/3/12 so a neg close day again after yesterday would suggest 3100 will fail.

That would give a clear D lower high with a target around 2970.
Despite the view/target from yesterday Mrs V took 30 pips (but 5 full lots) in 25 mins from eur sell at 3065 and is prob done for the day (back problems playing up big time).

Yesterday we closed below the range of previous 6 days, had nice 1hr lower high in trend close. Yes it was early for system but when everything is playing along its an obvious trade to take.
  • #6,536
  • Mar 14, 2012 2:10am Mar 14, 2012 2:10am
guys. just a question. is claimant count change on gbp move the market by quite large margin? for example like bernant speaking on usd?
  • #6,537
  • Mar 14, 2012 2:11am Mar 14, 2012 2:11am
Just exited +50 pips on GU H1 and I am long on EU H1.

gary
  • #6,538
  • Edited 2:26am Mar 14, 2012 2:21am | Edited 2:26am
Quoting gms
Just exited +50 pips on GU H1 and I am long on EU H1.

gary
Hi gary

I like that gu buy after yesterdays positive close, it gives the entry a good chance with the 1hr higher low.

The eur buy not so much but hey well done. Personally expecting eur to go down again today, time will tell.

Theres an upper trend line around Y's high on GU which may come into play.
  • #6,539
  • Mar 14, 2012 2:42am Mar 14, 2012 2:42am
Quoting gms
Just exited +50 pips on GU H1 and I am long on EU H1.

gary
i long myself. but suddenly see a good pullback might happening. if it indeed forming pullback. i might close and short in the next candle. how about your thought?
  • #6,540
  • Mar 14, 2012 3:16am Mar 14, 2012 3:16am
Quoting ljin
i long myself. but suddenly see a good pullback might happening. if it indeed forming pullback. i might close and short in the next candle. how about your thought?
i am still holding long. might only be a retracement. i know the trend is down, but there is a bullish divergence. keep your SL tight!

gary
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