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Xaron replied Jul 29, 2009Now prepare for the next down leg...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Xaron replied Jul 29, 2009
Aariff, remember this as a lession to you. I know this sounds hard, but obviously you did some overleveraging. Sure, there is always a way out of a hedge, but this can become tricky. Personally I expect more short bias so adding more small shorts ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Xaron replied Jul 29, 2009
The downtrend is still intact in all timeframes... (well maybe beside 5m but that doesn't really matter)
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Xaron replied Jul 29, 2009
Don't be fooled with volume in Forex market. In MT4 it's just how many ticks where counted. That's not the volume... Bulls be careful!
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Xaron replied Jul 29, 2009
This beast still eyes for 152.50.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Xaron replied Jul 28, 2009
I love it.
Took some profits around 155.30 and let the remaining ride with stop at BE...Auslanco - GBP/JPY and GBP/USD (newstrade)
- Xaron replied Jul 28, 2009
I suppose they think "Well oh well, bad news, more worse than expected but anyway..."
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Xaron replied Jul 28, 2009
Well yes, the stock monkeys still don't get it.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Xaron replied Jul 28, 2009
Now fasten your seat belts!
This can become rough...Auslanco - GBP/JPY and GBP/USD (newstrade)
- Xaron replied Jul 28, 2009
I expect it to come in weaker.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Xaron replied Jul 28, 2009
Only a bit, had to struggle with some shorts in the Aussie which I placed to early.
But nevertheless, yes. Good week (can become an amazing one if the short plays out). Hope to win that FxStreet-Contest this week: url My competitor ...Auslanco - GBP/JPY and GBP/USD (newstrade)
- Xaron replied Jul 28, 2009
I'm almost all in short now (avg @156.55)... First target 155.30. Might hold for the moment, we'll see.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Xaron replied Jul 28, 2009
Dear bulls, no offense, but after 11(12?) days of stock raises without any retracement, almost every optimism is priced in and even more. I think we'll see pure panic the next days. Not a crash but a decent drop. It just has started... Look, another ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Xaron replied Jul 28, 2009
155.63 is no resistance at all. You'll see. Watch the lows around 152.50...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Xaron replied Jul 28, 2009
There was no close above the 157 resistance so far (even though there were several attempts), so expect this pair to drop even more... Plus, there will be some profit taking in the stock markets which support the Yen. Add to that the weak GBP ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Xaron replied Jul 27, 2009
Ok, now another attempt to break the 1.43. If it doesn't play out, the probability for a sell off increases triggered by some profit taking.
EURUSD
- Xaron replied Jul 27, 2009
Who knows? If I'd know for sure I won't post in forums but have some nice drinks on some island.
EURUSD