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

  • #3,101
  • Aug 2, 2007 8:05am Aug 2, 2007 8:05am
short 241.80
  • #3,102
  • Aug 2, 2007 8:07am Aug 2, 2007 8:07am
Quoting karmostaji
Whoever is long with me, don't panic.. price is retracing just so it can go higher
Yep, just another buy opportunity.
Stock market up, GBP/JPY up.
  • #3,103
  • Aug 2, 2007 8:09am Aug 2, 2007 8:09am
Quoting karmostaji
Whoever is long with me, don't panic.. price is retracing just so it can go higher
Same with GU right?
  • #3,104
  • Aug 2, 2007 8:09am Aug 2, 2007 8:09am
I see retrace to 30 min 5sma at around 241.65 then on to 242.70.

That is the decision point for me... what after 242.70 it will either be bounced off of or blown through.
  • #3,105
  • Aug 2, 2007 8:10am Aug 2, 2007 8:10am
Quoting hycebee
Same with GU right?
I'm trading only ONE pair and that's GJ, no clue about GU, sorry.
Trade what you see, not what you think.
  • #3,106
  • Aug 2, 2007 8:16am Aug 2, 2007 8:16am
Quoting karmostaji
I'm trading only ONE pair and that's GJ, no clue about GU, sorry.
How long have you been trading GBP/JPY ?
  • #3,107
  • Aug 2, 2007 8:21am Aug 2, 2007 8:21am
Quoting Rustyyy
How long have you been trading GBP/JPY ?
I'm not a pro, i'm learning just like the rest of you.. got 1 year of experience under my belt but thats nothing.. i trade everyday and learn new things as well

Please study the charts and learn, don't just follow blindly coz you might fall into a hole and there'll be nobody to pull you out
Trade what you see, not what you think.
  • #3,108
  • Aug 2, 2007 8:30am Aug 2, 2007 8:30am
Quoting karmostaji
I'm not a pro, i'm learning just like the rest of you.. got 1 year of experience under my belt but thats nothing.. i trade everyday and learn new things as well

Please study the charts and learn, don't just follow blindly coz you might fall into a hole and there'll be nobody to pull you out
Just was curious how long you have been trading. Same here for me.
About 1 year. Constantly learning. Everyday.
Good trading to you.
  • #3,109
  • Aug 2, 2007 8:33am Aug 2, 2007 8:33am
Market will probably be messed up today do to NFP tomorrow.
  • #3,110
  • Aug 2, 2007 8:35am Aug 2, 2007 8:35am
Quoting karmostaji
I'm not a pro, i'm learning just like the rest of you.. got 1 year of experience under my belt but thats nothing.. i trade everyday and learn new things as well

Please study the charts and learn, don't just follow blindly coz you might fall into a hole and there'll be nobody to pull you out
Well then, I guess we will learn together having about the same amount of time learning.
  • #3,111
  • Aug 2, 2007 8:43am Aug 2, 2007 8:43am
Quoting karmostaji
Whoever is long with me, don't panic.. price is retracing just so it can go higher
Retraced back to PP mid-level resistance area. Should continue back up from here.
  • #3,112
  • Aug 2, 2007 8:49am Aug 2, 2007 8:49am
I am currently long - do most others who are long see this pair getting to 242.70 or has it topped here? ....thanks
  • #3,113
  • Aug 2, 2007 8:53am Aug 2, 2007 8:53am
Quoting karmostaji
I'm not a pro, i'm learning just like the rest of you.. got 1 year of experience under my belt but thats nothing.. i trade everyday and learn new things as well

Please study the charts and learn, don't just follow blindly coz you might fall into a hole and there'll be nobody to pull you out
Great advice. Reading and studying everyday. About a year and a half for me. I had no knowledge or experience prior to this. I have learned so much thanks to so many here at FF. Still much to learn though. Okay, back to reading! LOL
  • #3,114
  • Aug 2, 2007 9:02am Aug 2, 2007 9:02am
Quoting karmostaji
Whoever is long with me, don't panic.. price is retracing just so it can go higher
Does it mean the trend is reversal from now?
  • #3,115
  • Aug 2, 2007 9:08am Aug 2, 2007 9:08am
I am currently long on the G/C. I does not exactly Mimic the G/J, but close.
Not as much profit, but not as much loss either.
  • #3,116
  • Aug 2, 2007 9:09am Aug 2, 2007 9:09am
Quoting trader8686
Does it mean the trend is reversal from now?

Study your charts and then you don't need to ask all the time.
  • #3,117
  • Aug 2, 2007 9:10am Aug 2, 2007 9:10am
Quoting Ladybird
I am currently long - do most others who are long see this pair getting to 242.70 or has it topped here? ....thanks
Ladybird, be careful with your long, the Dow is dropping. If the Dow closes negative, GJ is going down. GJ was positive yesterday because Dow was positive.
  • #3,118
  • Aug 2, 2007 9:12am Aug 2, 2007 9:12am
Quoting Freddyfx
Study your charts and then you don't need to ask all the time.
I look at the chart every day (couple of times). You always like to have more openion, right?
Because there may be something you don't know.
  • #3,119
  • Aug 2, 2007 9:15am Aug 2, 2007 9:15am
trader8686, go to babypips.com and read everything there, ALL the basics is covered there in a perfect way
Trade what you see, not what you think.
  • #3,120
  • Aug 2, 2007 9:17am Aug 2, 2007 9:17am
Wow, You guys believe Gj is going up?

I cannot complete this picture, because of proprietary reasons, but from chart patterns, it should be probabilisticly pretty clear..

I could be completely WRONG though. That is why this is such a tough game.
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