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

  • #4,101
  • Aug 6, 2007 2:07pm Aug 6, 2007 2:07pm
Quoting Majd
I believe we (who went short) will be in trouble if it closes above 240.77
If you believe that the stock market is in the beginning of a new bull run, close your shorts. If you believe (as I do) that this is a short-term upswing in a long-term bear run, then get rid of your stops, make sure you have sufficient margin, and let er run.
  • #4,102
  • Aug 6, 2007 2:08pm Aug 6, 2007 2:08pm
the GJ will go up to 240.80 now
  • #4,103
  • Aug 6, 2007 2:08pm Aug 6, 2007 2:08pm
Quoting Majd
I believe we (who went short) will be in trouble if it closes above 240.77
I still beleive that 241.4 is a very good sl, unfortunately my sl is not that high..., maybe the yanks will change their mind and bring the dow down
  • #4,104
  • Aug 6, 2007 2:08pm Aug 6, 2007 2:08pm
13,350 is probably a ceiling for the dow, at least for today.
  • #4,105
  • Aug 6, 2007 2:10pm Aug 6, 2007 2:10pm
Does anyone remember Aussie and Karmos stop?
  • #4,106
  • Aug 6, 2007 2:13pm Aug 6, 2007 2:13pm
i'm +180 pips going long since i said it here...
when auslanco goes from here.. price goes to the other direction.. heh

the head and shoulders formation is clear now... I should close short positions.
  • #4,107
  • Aug 6, 2007 2:17pm Aug 6, 2007 2:17pm
Quoting digitizer123
Does anyone remember Aussie and Karmos stop?
241.4 for K, and it took it out I don't remember for A, some where around 242
  • #4,108
  • Aug 6, 2007 2:19pm Aug 6, 2007 2:19pm
Quoting ovidiu
241.4 for K, and it took it out I don't remember for A, some where around 242
Unless he changed it, K listed at 241.18 when I first wrote it down today.
  • #4,109
  • Aug 6, 2007 2:21pm Aug 6, 2007 2:21pm
How many of you just got stopped out??

I am still in with shorts of 240.5 and 241... anyone still hanging onto shorts?
Craazy
  • #4,110
  • Aug 6, 2007 2:22pm Aug 6, 2007 2:22pm
Quoting new_trader
If bottom red lines hold we may see a rise toward thick red,blue and green lines
Up move seems to be halted for now. I guess news will decide where to go from now. My 45 degree red line is major resistance in my book. If price doesn't break 243 then another down move expected.
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  • #4,111
  • Aug 6, 2007 2:23pm Aug 6, 2007 2:23pm
Quoting emda
i'm +180 pips going long since i said it here...
when auslanco goes from here.. price goes to the other direction.. heh

the head and shoulders formation is clear now... I should close short positions.
Not yet. Take a look at this EUR-CHF formation which is more mature than the one we have here and yet the price bounced off the neck line without breaking it and hence invalidating the formation.

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  • #4,112
  • Aug 6, 2007 2:25pm Aug 6, 2007 2:25pm
Quoting craazy
How many of you just got stopped out??

I am still in with shorts of 240.5 and 241... anyone still hanging onto shorts?
I was stopped and enterd again but I think this is a suicidal move
  • #4,113
  • Aug 6, 2007 2:27pm Aug 6, 2007 2:27pm
Quoting ovidiu
I was stopped and enterd again but I think this is a suicidal move
Why is that?
Craazy
  • #4,114
  • Aug 6, 2007 2:28pm Aug 6, 2007 2:28pm
we passed weekly pivot... and now we are in daily pivot... and as the word says... it will pivot and we will be in the up trend...
  • #4,115
  • Aug 6, 2007 2:29pm Aug 6, 2007 2:29pm
Quoting ovidiu
I was stopped and enterd again but I think this is a suicidal move
I was stopped out but not as brave as you!
  • #4,116
  • Aug 6, 2007 2:29pm Aug 6, 2007 2:29pm
Quoting craazy
Why is that?
Because of the DOW, but there are still 2 major downward trendlines that I am counting on...
  • #4,117
  • Aug 6, 2007 2:30pm Aug 6, 2007 2:30pm
Quoting ovidiu
Because of the DOW, but there are still 2 major downward trendlines that I am counting on...
What time frame... this thing is getting out of control?
Craazy
  • #4,118
  • Aug 6, 2007 2:30pm Aug 6, 2007 2:30pm
Well, the gap was definitely filled!

M2B
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  • #4,119
  • Aug 6, 2007 2:33pm Aug 6, 2007 2:33pm
If I take up charting for forex purposes, I'm not charting GJ, I am going to chart the Dow, and use that for trading purposes on GJ.
  • #4,120
  • Aug 6, 2007 2:33pm Aug 6, 2007 2:33pm
Longs: On 1h beware of the 200 SMA (strong resistance) currently at 242.05. There is also a fib at 241.83. I would expect a stall in that range.
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