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

  • #3,181
  • Aug 2, 2007 12:43pm Aug 2, 2007 12:43pm
I know this is a little off the subject but does anyone use a broker that has less than 8 spread on the gbp/jpy? please private me if you dont want to answer in this forum
  • #3,182
  • Aug 2, 2007 12:46pm Aug 2, 2007 12:46pm
I got in @242.32...best not to hedge and just try to cut losses....if u are certain that the price would go bounce from the 5sma, might as well go for another long from there.
  • #3,183
  • Aug 2, 2007 12:46pm Aug 2, 2007 12:46pm
Quoting PipBuLL007
I know this is a little off the subject but does anyone use a broker that has less than 8 spread on the gbp/jpy? please private me if you dont want to answer in this forum
I don't use any that has less than 8 spread but I believe Oanda has 5, check their site Oanda.com
Trade what you see, not what you think.
  • #3,184
  • Aug 2, 2007 12:46pm Aug 2, 2007 12:46pm
Quoting karmostaji
I'm not a guru nor an expert, I honestly consider myself a newbie just like the rest of you.. I will answer whatever I know and help everybody as much as I can

I learned a lot from this forum, I must give back ya know

Only answer one question per day and then you'll not ruin your health, burn yourself out or lose your mind and end up....

.....sleepinginadumpster ....... and wondering if that where A is. lol
  • #3,185
  • Aug 2, 2007 12:51pm Aug 2, 2007 12:51pm
Quoting PipBuLL007
I know this is a little off the subject but does anyone use a broker that has less than 8 spread on the gbp/jpy? please private me if you dont want to answer in this forum
I noticed that FX One World has good spread. Some times 4-5 pips, they pay good swap, too.
( Not a IB, just like to give you information.)
http://www.1world-forex.com/
  • #3,186
  • Aug 2, 2007 1:09pm Aug 2, 2007 1:09pm
Quoting bballfan31
Top of this move will be 243.30-243.60 before close today... I believe.
After this retrace which could go as low as 242.20
will check back in tonight to update

Of course if Dow has 200 point day all bets are off

Still long from 238 Good Luck traders
Nice call right off the 20 Top still looks good for the time being

Anybody catch that bounce???
  • #3,187
  • Aug 2, 2007 1:12pm Aug 2, 2007 1:12pm
Long traders, take a look:
Attached Image
  • #3,188
  • Aug 2, 2007 1:12pm Aug 2, 2007 1:12pm
Quoting PipBuLL007
I know this is a little off the subject but does anyone use a broker that has less than 8 spread on the gbp/jpy? please private me if you dont want to answer in this forum
I am with FXDD (Forex direct dealer). 8 spread as well. 4 on gbp/usd, 2 on eur/usd, 3 on usd/jpy. Good broker, I'm satisfied.
  • #3,189
  • Aug 2, 2007 1:15pm Aug 2, 2007 1:15pm
Quoting Al_Have1
Long traders, take a look:
Al_Have1,
Please Look at the 4H chart.
  • #3,190
  • Aug 2, 2007 1:17pm Aug 2, 2007 1:17pm
I'm also with FXDD and very happy.

Speaking of trades... I'm setting another order for 242.20 to go long. Anyone else doing similar?
Craazy
  • #3,191
  • Aug 2, 2007 1:18pm Aug 2, 2007 1:18pm
Quoting trader8686
Al_Have1,
Please Look at the 4H chart.
Yes, I have. Very similar.
Attached Image
  • #3,192
  • Aug 2, 2007 1:22pm Aug 2, 2007 1:22pm
See the blue line. It is a 24 LWMA. I usually scalp off the ret to that on 1h for +50 gain.
  • #3,193
  • Aug 2, 2007 1:22pm Aug 2, 2007 1:22pm
Quoting Al_Have1
Yes, I have. Very similar.
We are trading from the ret and up, there is nothing to loose in this way.
But, I know that your warning is very precious, too.
  • #3,194
  • Aug 2, 2007 1:23pm Aug 2, 2007 1:23pm
Quoting craazy
I'm also with FXDD and very happy.

Speaking of trades... I'm setting another order for 242.20 to go long. Anyone else doing similar?
I do believe that you missed that boat It left an hour ago
Next break of 20 this thing is gone....South that is
  • #3,195
  • Aug 2, 2007 1:27pm Aug 2, 2007 1:27pm
Quoting bballfan31
I do believe that you missed that boat It left an hour ago
Next break of 20 this thing is gone....South that is
Ahh well I do still think we may have a south to 240 or so... what are your thoughts?
Craazy
  • #3,196
  • Aug 2, 2007 1:31pm Aug 2, 2007 1:31pm
Quoting trader8686
We are trading from the ret and up, there is nothing to loose in this way.
But, I know that your warning is very precious, too.
It wasn't intended to be a warning. What I would do if I was long from the 5 SMA. Is 1) put my SL below the trendline. 2) Maybe increase my position if it breaks out with a buy stop order.

If I was to do 1) I would make sure that didn't increase my risk more than 2%. I may need to sell some at the upper trendline to accomodate.

If I was to do 2) I would make sure that didn't increase my risk more than 2%. This can be accomplished by moving my SL on the first order to BE or another support level.
  • #3,197
  • Aug 2, 2007 1:33pm Aug 2, 2007 1:33pm
Quoting bballfan31
I do believe that you missed that boat It left an hour ago
Next break of 20 this thing is gone....South that is
The boat might be coming back to port for a re-fuel
  • #3,198
  • Aug 2, 2007 1:40pm Aug 2, 2007 1:40pm
Karmostaji,

how do u think,can we see now some retracement at least 100 pips?
  • #3,199
  • Aug 2, 2007 1:43pm Aug 2, 2007 1:43pm
Quoting craazy
Ahh well I do still think we may have a south to 240 or so... what are your thoughts?
Check this out I do not make to many calls public. But I have given you my last two trades Both were sweet...Keep track for yourself.

I said to you that 242.20 train left over an hour ago and if we get a close below 242.20 this time this will probably drop. I am not sure yet.. I will post it here.
I do not grab every trade I pick and choose I do not short this pair ever.
I do not care if it drops another 5000 pips I will not make 1 pip shorting.
But I will run the hell out of every bounce it has.

As of this moment..Not knowing what the DOW is going to do in the last hour
This will top out around 243.30-243.60 I have too many "things" in this area on all charts to doubt it This is what I am holding out for on my long.

If we get a close below 20 I beleive this is gone. The DOW will let us know between 3 and 4 That is all I'm out see ya after 6

BTW my SL for my long is 242
  • #3,200
  • Aug 2, 2007 1:48pm Aug 2, 2007 1:48pm
Good call... I do some shorts but only for a day or so to avoid that swap haha! I took a look at some more indicators. Think I'll probably short around the 243 zone and ride it down to 241 or 240 after I see how the stock market performs.

Happy trading to all!
Craazy
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