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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #2,881
  • Aug 1, 2007 2:52pm Aug 1, 2007 2:52pm
Nice Bull run at the end here. Should be good for overnight longs.
  • #2,882
  • Aug 1, 2007 2:53pm Aug 1, 2007 2:53pm
Quoting trader8686
newjersey24,
Do you understand:
What is that mean by: tighten your stops on the longs ?

If you have some long positions , just tighten your stops cause it could go down
COT: The precious data ignored
  • #2,883
  • Aug 1, 2007 2:56pm Aug 1, 2007 2:56pm

may this time we ram through?

"Analysis Is Hard But Trade Is Easy"
  • #2,884
  • Aug 1, 2007 2:56pm Aug 1, 2007 2:56pm
Karmostaji,

http://www.forexfactory.com/images/icons/icon14.gif You were right! 242.70 is on the way...............
  • #2,885
  • Aug 1, 2007 3:00pm Aug 1, 2007 3:00pm
Quoting Rustyyy
Nice Bull run at the end here. Should be good for overnight longs.
overnight longs? What is that?
  • #2,886
  • Aug 1, 2007 3:00pm Aug 1, 2007 3:00pm
Quoting karmostaji
that spike down was to touch the 5SMA on 4h chart, we are on our way up

242.70
so yuo think we have enough fire power to cross 241.7 like I was waiting all this time?
  • #2,887
  • Aug 1, 2007 3:02pm Aug 1, 2007 3:02pm
this is not technical....just like someone pointed out earlier its following the stock market/DOW...hopefully todays rally will end up 150+, if thats the case I think things will start going back to normal...but thats just me and what I've notice since Feb.
  • #2,888
  • Aug 1, 2007 3:03pm Aug 1, 2007 3:03pm
we just broke that annoying TL that was resisting earlier at 241.70, we still need to break 241.70 though, then we're on our way to 242.70

http://img103.imageshack.us/img103/395/gjvj4.gif
Trade what you see, not what you think.
  • #2,889
  • Aug 1, 2007 3:04pm Aug 1, 2007 3:04pm
This was stop hunting for shorts.. short at 241.10
  • #2,890
  • Aug 1, 2007 3:06pm Aug 1, 2007 3:06pm
Quoting karmostaji
we just broke that annoying TL that was resisting earlier at 241.70, we still need to break 241.70 though, then we're on our way to 242.70

http://img103.imageshack.us/img103/395/gjvj4.gif

Agreed. Should see test of 241.70 by 5:00 P.M. EST
  • #2,891
  • Aug 1, 2007 3:06pm Aug 1, 2007 3:06pm
ok... a big movement up at this hour.. not logical. so... my opinion is... we will be shorting at the beginning of the session to get power again to fly up.. but it maybe at london of tomorrow.
  • #2,892
  • Aug 1, 2007 3:09pm Aug 1, 2007 3:09pm
Quoting emda
ok... a big movement up at this hour.. not logical. so... my opinion is... we will be shorting at the beginning of the session to get power again to fly up.. but it maybe at london of tomorrow.
STocks UP

Triple Wednesday

Perfect combo !!!
  • #2,893
  • Aug 1, 2007 3:10pm Aug 1, 2007 3:10pm
Quoting karmostaji
we just broke that annoying TL that was resisting earlier at 241.70, we still need to break 241.70 though, then we're on our way to 242.70
karmostaji,

Remember that I use to ask you after this 242.7, maybe 244, if trend is coming back down or not?

For I am hedging, need to unload the short at low.
  • #2,894
  • Aug 1, 2007 3:10pm Aug 1, 2007 3:10pm
Quoting emda
ok... a big movement up at this hour.. not logical. so... my opinion is... we will be shorting at the beginning of the session to get power again to fly up.. but it maybe at london of tomorrow.
I suppose that the stock market rally at the close pushed us up.
  • #2,895
  • Aug 1, 2007 3:11pm Aug 1, 2007 3:11pm
Quoting trader8686
karmostaji,

Remember that I use to ask you after this 242.7, maybe 244, if trend is coming back down or not?

For I am hedging, need to unload the short at low.
I don't know for sure but there is STRONG resistance at 244
Trade what you see, not what you think.
  • #2,896
  • Aug 1, 2007 3:12pm Aug 1, 2007 3:12pm

...still early to say its not gonna make it...but what happen if it resist once again...i see 238.00..what did u all see?

"Analysis Is Hard But Trade Is Easy"
  • #2,897
  • Aug 1, 2007 3:13pm Aug 1, 2007 3:13pm
Quoting cesande
I suppose that the stock market rally at the close pushed us up.
yes.. we are seeing many rallys at close of sessions.... people don't take risk.. and closes positions... in a unstable market .. logical.
  • #2,898
  • Aug 1, 2007 3:17pm Aug 1, 2007 3:17pm
Yes karmo...seems so strong resistant at that point. 3rd attempt to break this point...s***!! Hopefully break soon...

Quoting karmostaji
we just broke that annoying TL that was resisting earlier at 241.70, we still need to break 241.70 though, then we're on our way to 242.70

http://img103.imageshack.us/img103/395/gjvj4.gif
  • #2,899
  • Aug 1, 2007 3:19pm Aug 1, 2007 3:19pm
Quoting Rustyyy
Nice Bull run at the end here. Should be good for overnight longs.
Maybe the bull run is over, the momentum on all smaler tf is pointing down and we have a triple top on h1 now...
  • #2,900
  • Aug 1, 2007 3:19pm Aug 1, 2007 3:19pm
tighten you stops means:

make sure you have stops loss on first.
If your stops loss was wide, lets say 50 pip SL, then you shuld bring it up to say 25 pips or closer cuz the likely hood of it reverse is high.

Quoting trader8686
newjersey24,
Do you understand:
What is that mean by: tighten your stops on the longs ?
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