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profxtrader replied May 18, 2010USDJPY — The USDJPY formed a small Gartely which coincided with a bounce from the upper trendline from it's descending channel. I've added to my shorts at this level. Hopefully I'll see 91.80 broken this trip down. One more bounce or rejection ...
Backing Trades Thru Charts
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profxtrader replied May 18, 2010I've been holding them since Thursday. I sold some more this rally (as well as USDJPY). I'm still looking for 129.60... same as $steve.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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profxtrader replied May 18, 2010Please assume your crash positions. We're going down. image
Auslanco - GBP/JPY and GBP/USD (newstrade)
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profxtrader replied May 17, 2010That's the thing... this IS my day job. This is what I do professionally. I'm already confident in what I'm saying otherwise I wouldn't be saying it @ all. I'm short from last Thursday @ 139.23.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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profxtrader replied May 17, 2010That's impossible to enjoy so long as I have eyes and ears.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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profxtrader replied May 17, 2010The simple answer is that it's not buying driving the price up, but rather that the market makers/banks are marking prices up. Sometimes it's to test supply, but to me it looks like the obvious. Better prices to take shorts at and to sucker in ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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profxtrader replied May 17, 2010Let me just say this for all considering any JPY cross long. Most of the move up was done on declining volume. Now that it's begun to move back down the volume is already picking back up. Price action and volume is where it's at. I don't care what ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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profxtrader replied May 17, 2010While that would be nice, I think it's highly unlikely. That said I'm very, VERY willing to be proven wrong.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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profxtrader replied May 17, 2010No problem... now that I know who you are. I've known this guy for years outside of the forum. It's a small world.
Backing Trades Thru Charts
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profxtrader replied May 17, 2010The ones with the flap in the rear?
Auslanco - GBP/JPY and GBP/USD (newstrade)
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profxtrader replied May 17, 2010Well spotted. I'm beginning to think that with all of these eyes on the charts, seeing different things, that the FX market might just get smashed by a few guys on FF.
Backing Trades Thru Charts
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profxtrader replied May 17, 2010The last hourly candle just closed in a formation I like to call a BAH pattern. BAH = Big-Assed Hammer.
Backing Trades Thru Charts
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profxtrader replied May 17, 2010USDCAD — The USDCAD has some further upside. Ascending channel is a bit wobbly (and possibly not valid... time will tell if it becomes something else entirely), but a break of a long term downward channel + a retest as of a few minutes ago has ...
Backing Trades Thru Charts
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profxtrader replied May 17, 2010Well when you have about a year of that, I'll definitley be first in line to ask you how you did it.
EURUSD
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profxtrader replied May 17, 2010EXCELLENT! Thanks again!
EA to email new orders... like a signal EA
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profxtrader replied May 17, 2010I've got 129.60 as my target on multiple shorts from 139.25. It's looking nice!
Auslanco - GBP/JPY and GBP/USD (newstrade)