Thread: GBP and JPY Pairs H1 2013

Originally Posted by tiktok

Not to trade news was one of the first lessons I ever learned. I have found that it is nigh on impossible to guage a immediate reaction and then the counter-reaction at these times. However, inside every trader there is a suppressed gambler and I confess I sometimes spread bet £1 a pip if I am feeling in one of those moods . . . needless to say my success/failure rate is a 50/50 constant and you will all be happy to know that my account is some £26 in the black after yesterday's roller coaster. You have to have a little fun now and again . . . . the drinks are on me . . . cheers to all

My sentiment exactly....Here is a chart of my white knuckle experience.

Well there you have it....I wish I would have played this mornings NR. Nice and controlled movement. With appropriate SL a nice and easy 40 to 50 pips could've been snagged and put into the larder. Oh well.

I think i'm going to start keeping record of these so that maybe i can pick up on a few things that would help trading the news.

Originally Posted by sandpipper

My sentiment exactly....Here is a chart of my white knuckle experience.

I had to chuckle at your 10 points and the ride scenario but glad you came out on top . . . . reminded me of a well known chart that I keep at hand. It's an oldie but a goodie and forgive me any moderators, if I am not keeping directly to topic today but emotions are relative to any trading decision. I promise not to post off topic again )

lol, now thats a graph i can relate to!. Looks like the market has stalled at the 0.618 of the 26th October high to 3rd November low for a second time. It will probably have another go over the next hour or so. Looks like being a key pivot.

Originally Posted by sandpipper

My sentiment exactly....Here is a chart of my white knuckle experience.

Thank you for sharing this sandpipper. I am sure you have helped somebody with this chart.

Also thanks to tiktok. I think that your post and chart is very appropriate for this forum.

technical levels:
1.4905 closest resistance
1.4780 support

expected trend short usd
fondamentaly, it is sold off since investors go search for higher yielding investment

Thanks to Thomas for saying Thanks to TikTok and Thanks to Sandpipper.
All of you make this a truly One Stop FX Shop. Great stuff, keep it up.
I am sorry for mentioning something that was rather off-topic earlier today. Sometimes I just get carried away by all those beautifull charts and colors.
Anybody any idea at what time the M3 figures are due? Its Thursday, after all.

Originally Posted by Guilder

Thanks to Thomas for saying Thanks to TikTok and Thanks to Sandpipper.
All of you make this a truly One Stop FX Shop. Great stuff, keep it up.
I am sorry for mentioning something that was rather off-topic earlier today. Sometimes I just get carried away by all those beautifull charts and colors.
Anybody any idea at what time the M3 figures are due? Its Thursday, after all.

Thank you Guilder!

UUP (the +ve dollar ETF) has been halted.....

May cause some hedging on EUR #F

Even with such strong stock market rally, this pair has not been able to break 4910 resitance.

I can only say that traders are cautious and preparing for tomm event.

In the 5 min chart i could see a head and shoulder pattern, any conclusions?

Triangle alert and Mentioned Head and shoulders

Hi sandipper,

I am new to trading, sorry to ask you this Q.

Technically what will be the impact for head and shoulder and triangle formation?

Originally Posted by NMV

Hi sandipper,

I am new to trading, sorry to ask you this Q.

Technically what will be the impact for head and shoulder and triangle formation?

Hello nmv. First don't be embarrassed to ask questions...that is what this forum is for. I'm prob not the rite guy to ask what the impact is, as I have only in the last few months started looking for trade able formations and doing more of the Technical Analysis type of analysis. I would say that when recognized it gives you another piece of confirmation to enter into a trade and the more confirmation you have the more you have rely on in that magic moment you push the mouse button to execute your order. If, in real time, you see the second shoulder forming you then can start looking for short term short trades as generally there is a nice drop on the farside of the shoulder. Once the pattern is complete I don't know....it's just on to other patterns and other analysis.