Triple R: As you said- all signs are pointing down- and her gap up HAD to be filled, so no surprise that she be southward. Did you put that lonnnng Monthly chart on that I mentioned ( from about 1995 to present)? It sure as heck surprised me.
And re: BoJ! AMEN!!!
They were the reason that I never traded any Y pairs ( until I stumbled across your thread and began to study it). BoJ reminds me of my ex ( gotta have it her way,likes to control everyone and God help you if you are profiting at her expense!)
Canāt stick around and watch $ action tonight, so Iām going to do a wedgie (i.e. tighten up my shorts). Smaller limits and stops.
After a couple of hours of pondering and a few Guinnesses, I think the gap up is due to Artās irreverance to the Royals.
Hey Art, your penance is 5 "God save ourā¦"okay? :rolleyes:
Saw a trade positive at 52 pips and went to close it. NO response. Changed the mouse( figuring it was defective) still no response. I shall wait to see if the trade goes against me and then try to close. This happened once before a few weeks ago when there was a mega move on G/Y ( I believe I mentioned it on a prior post).
Triple R,you had a few annoyances with them,also?
I look above the āreply to threadā border and see the āfx solutions (advantage trader)ā banner. I think this is irony OR a premonition to take my account elsewhere.:mad:
Immediately, following my last post, went to GTS (fxsolās trade platform) and saw the 52 pip profit was now 0,(hit the close button and SURPRISE,SURPRISE,SURPRISE) it worked.
This happened a month or so ago when there was mega-movement on this pair @ a Sunday opening. Is it me, or FXSOL or other market-makers?
But didnt see much just the low around 130, telling me we coould hit 130 agaIN, but nothing else seems similar. BOJ is VERY powerful and has TONS literally of money, and is likely the greatest forex manipulator in the world, outside of maybe the USGOV lamahs. What is surprising is that we hAVE fallen so far in guppy over the last 6 months or so, so quickly as we have never dropped before in guppy. I have only been trading guppy for almost 4 years now. Man she killed me on her run up to 251 with my shorts! That was when I swore I would never go short guppy again, wow that cost me some money this year! guppy is like the worst GF you could ever have fancy taste, always blowing your money, thinking $ gorws on trees!
Guppy is wild tonight, I figured she would rse and crash. She may get back near 130, but I suspect she will come up short of that and reverse back up at some point LT but I dont see her doing it yet.
She is almost close enough to 130 for me to go back to the long only strategy. I can normally take a minimum of 1000 pips down, in this case I would make sure I could live through a 2000 pip drop as she may make new lows below 130 before this is all over. But eventually she will reverse and shoot like a rocket to the moon, man I cannot wait to be long then!
They did have me tricked for a while, they suck, they ignored me and never addressed my support issues and never fixed their charting crap, and
really could care less about me, I got the idea. I did get them a whole binch of times on a sunday on gaps and their inherent slowness. They step on your internet connection now like they didnt get your order I think.
Nothing happens by chance, especially when they are taking your money.
Trouble is they take the other side of your trade. So it pays to screw you
as they get your money. Many annoyances with them so I quit trading that account. They had many errors they got me on quite often where they sold out inbetween orders long and short at the same price! They would sell me out inbetween filling my orders at the same damn price! I would be interested to see thier coding
Yeah I am always looking for another broker, who is better. forex.com was good but they dont let you go long and short at the same time and they force you into that FIFO crapola! so so far only ones I like are FXPRO and MB.
After they did that trick on me what I did was enter my orders to buy long on the spike down then perset the sell order to sqr the trade so they had to fill it!
Predifined orders there are best! select you pips profit you want and wait.
If only I had more patience at times I would be much better off!
Looks like this Christmas is gonna be a little gloomy.
They put less season lights on Regent and Oxford streets, people are carrying their Christmas shopping bags in one hand only. The worst in housing markets is ahead of. In October average property price went down by whooping 14% !:eek:
I just wonder how much is it going to drop.
Hey Al, I thought Youād see a attached to the post. Glad to see You Mate !
As far as you chant to HRH, bear in mind she is getting old and deaf so may not hear you properly. ;) (Iāve put 2 in case :D)
The glory of the GBP has gone for know, all we can see may be just a dead cat bounce for now. DJ futures are all in red, the boys in their big boots couldnāt invent the wheel during this weekend. Al in all You both are right here Guppy is going down to the levels not seen before. I think 130 is a very modest call.
Well rrram is absolutely right when saying the platform brokers play is against you. Of course it is, otherwise their profit would be limited to the spread only. People may say Iām mad cause support conspiracy theories- Iām not. I had far too many examples of ātricksā of various brokers.
To be clear forex market is not my sole source of an income but Iāve managed to carve out some funds out of it. When I put my orders (especially S/L I always include a value of the spread plus 20 pips for my brokerās sticky fingers:D) It works most of the time when the price is just about to hit S/R lines based on technicals.
Art: big grin to you, my cyberfriend. The post re:the M chart (extended back to 1995) shows the long-term G/Y downtrend. Your DJ futures input was spot on!
I have disclosed my T an A to you. Will you disclose your " Jimmy Choos" train of thought?
To say at least my mind is twisted so the train may run on the wrong rails.
First this GBP/USD chart - I have noted some interesting daily candlestick pattern - looks like a nice hammer (which by definition is a weak reversal pattern).
Butā¦ this hammer is accompanying a falling wedge pattern on trends (quite a nice signal of reaching short term bottom). This can translate into slightly higher GBP/JPY.
Another quite interesting thing is a recent lack of correlation between a lower stocks (low DJ and S&P500) and higher USD. If you look on the daily charts on Friday You will see that stocks are melting bit the Greenback is not shooting up the sky in the same proportion as it should. That is a bit suspicious to me. Would it be a short lived pop up in stocks ? So then my futures painted in red may easily go green in more than 12 hrs. As usually time will tell. That would be called a trap, would it ???
All in all: lack of this correlation (low stocks - higher dollar in the last 48 hrs of trading), Cable at its shortm term technical bottom calls for some retracement. Iāve waited till the Tokio fix and it looks like they are selling Greenback, buying Cable and no more meltdown in carry trades (for a short).
Iām flat now cause itās to much of a confusion.
looks like being defend for a time being. Hammers and doji candlesticks are showing that bulls are trying to fight it back. See whatās gonna be a price action on Monday close. Today it looks like a second attempt to check the bottom out so far.
Of course Asia hasnāt finished the job yet so everything can happen overnight. But I got a feeling that bulls are setting up a bit of a trap for mighty bears for now. Again Iām may be entirley wrong again but Iām waiting at a sideline for now to short her from a higher levels.
Or I may get lured into some short term longs with 50-70 pips profit - but itās riskyā¦hmmmā¦ maybe wait on the sideline afterallā¦ she is tempting me :eek:
Iāve put some orders into GBP/USD -nice 300pips and some longs in Guppy which brought back another nice 100pips. Still has one order in cable open in case it would like to test the most recent resistance line.
As far as Guppy girl Iām a bit confused, there is a chance she will drop down in next 24hrs. That scenario would be bolstered by S&P500 not being able to hold 850 support line. If the day closes below that the next leg is down. So 145.00 level would be a nice to start selling game again.
Guppy is getting a back up from it, plus stocks didnāt melt down as suspected by weak futures. I think the short term bottom is going to be defend for a time being.
Apart from one long in Cable Iām flat now.
Immediately, following my last post, went to GTS (fxsolās trade platform) and saw the 52 pip profit was now 0,(hit the close button and SURPRISE,SURPRISE,SURPRISE) it worked.
