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

  • #4,281
  • Aug 6, 2007 11:35pm Aug 6, 2007 11:35pm
Quoting packetguy
I use Yahoo Finance ( finance.yahoo.com ) for tracking the Nikkei 225 and the page refreshes automatically.
Thanks "packetguy"

i'll be away for a few hours from now. Nikei's dropping off a little so leaving a small short to cook and will manage it later from wherever it decides to go.
It's also useful to monitor European equities futures from around now and they are down except for the DAX.

Best of luck
  • #4,282
  • Aug 6, 2007 11:35pm Aug 6, 2007 11:35pm
Quoting jules
just curious karmo, what's your entry?
241.10

http://img514.imageshack.us/img514/5403/gjpi2.gif
Trade what you see, not what you think.
  • #4,283
  • Aug 6, 2007 11:44pm Aug 6, 2007 11:44pm
Quoting auslanco
Hi monarch, Haven't seen you for a while. Hope you enjoyed your holidays. Any thoughts on the pair?
It was a great time to get away from trading and I enjoyed the time away.

That was the week we had that nice move down, thankfully my trading partner made some nice trades for me, and secured a great bit of profits.

The GJ has found itself in a very complacent range for the past week or so, along with the GU and the UJ. Even though we have seen some swing moves up and down here, there has been no true indication that were going down to the 235 area or back towards the 250 area.

I have been shorting and longing this throughout the range, but with a very tight leash on its targets.

I am keeping my eye on the resistance around 243.13 area and the support around 237.95. Until we break out of these zones, I am going to continue to play it carefully.

Thanks everyone for the continual input of information, I enjoy reading every post while I wait for some real breakout.

Ken
  • #4,284
  • Aug 6, 2007 11:57pm Aug 6, 2007 11:57pm
Quoting monarch

I am keeping my eye on the resistance around 243.13 area and the support around 237.95. Until we break out of these zones, I am going to continue to play it carefully.


Ken
I thought we may had a chance to break that 237.95 yesterday @ NY when all three of my DAily+4hr+1hr lined down.. At the same time I was little worried about the fact that the price didn't go for a full retracement before it came down.
  • #4,285
  • Aug 7, 2007 12:05am Aug 7, 2007 12:05am
Long @ 241.29
SL @240.29
[email protected]

You may loose all your money if you take this trade. Please analyze your own strategy before take a trade
  • #4,286
  • Aug 7, 2007 12:14am Aug 7, 2007 12:14am
auslanco,

what was your reasoning for entry...?
I have set up my charts per your postings, and am just wondering which time period sealed the fate of this long for you?

Thanks
Zak
  • #4,287
  • Aug 7, 2007 12:17am Aug 7, 2007 12:17am
Quoting culinarian
auslanco,

what was your reasoning for entry...?
I have set up my charts per your postings, and am just wondering which time period sealed the fate of this long for you?

Thanks
Zak
4hr up, 1hr up, the price was @ 5sma of 1hr and 30 min TFT crossed over upwards
  • #4,288
  • Aug 7, 2007 12:20am Aug 7, 2007 12:20am
Very Good,

Thank you!

Zak
  • #4,289
  • Aug 7, 2007 12:22am Aug 7, 2007 12:22am
The Dow went up 250 points hmm i spoke to someone whom is savy on the stock market and he said it should have only gone up to the 150 range today... so that means tomorrow theirs going to be some dumping to even the score out hmm i figured i shared so you guys can take that into consideration...
  • #4,290
  • Aug 7, 2007 12:23am Aug 7, 2007 12:23am
1
Quoting auslanco
Long @ 241.29
SL @240.29
[email protected]

You may loose all your money if you take this trade. Please analyze your own strategy before take a trade
I took a Long at 241.00 4 hours ago, LOL.

Since then, I have eaten dinner, relaxed with the kids, fed the dog, and even scalped 3 or 4 times.

And finally I am back above my entry, with a target of 242.74.

It has been showing some signs of upwards, but now it is a waiting game to see if Franky and London boys can help us along our ways.

Enjoy the ride.

NOTE: This would be a good time to SHORT, because in this range, when I make a trade, it goes the other way.
You gotta love this game.
  • #4,291
  • Aug 7, 2007 12:28am Aug 7, 2007 12:28am
Quoting monarch
1

I took a Long at 241.00 4 hours ago, LOL.

Since then, I have eaten dinner, relaxed with the kids, fed the dog, and even scalped 3 or 4 times.

And finally I am back above my entry, with a target of 242.74.

It has been showing some signs of upwards, but now it is a waiting game to see if Franky and London boys can help us along our ways.

Enjoy the ride.

LOL.. I think it's one of those Tokyo days... before the FOMC
l
  • #4,292
  • Aug 7, 2007 12:30am Aug 7, 2007 12:30am
great info egutie..
  • #4,293
  • Aug 7, 2007 12:32am Aug 7, 2007 12:32am
It's nice to see you posting again Monarch
Trade what you see, not what you think.
  • #4,294
  • Aug 7, 2007 12:39am Aug 7, 2007 12:39am
Quoting auslanco
LOL.. I think it's one of those Tokyo days... before the FOMC
You know that we could get rich bro if we actually made our trades from the support to resistance and vice versa.

We could actually take the distance and multiply it by the 38.2 for a safe exit.

So lets say our support is at 237.94 and resistance is 242.81. 487 pips range.

We would take our long from 239.80 (which is about where we entered).

Our exit would then be 240.94, a clear 100 pips after spread and all.

That would be a 38.2% trade of the range, and once we reach the 240.94, will let it spike above towards resistance and then catch the short from 240.94 to target 239.80.

Oh peeps, this is just a play of numbers to keep me busy, and it is not even a trading strategy, but it is fun to poke at this dead cat.

Until we see the stars above or the valley below, lets have fun.

  • #4,295
  • Aug 7, 2007 12:43am Aug 7, 2007 12:43am
Quoting karmostaji
It's nice to see you posting again Monarch
Thanks, I actually have been quiet, but I do manage to read all the post, and always find it a delight to read your analysis.

Keep up the great work, your doing a terrific job on this pair.

Can you save me from this Long?

LOL.

http://www.sfgate.com/blogs/images/s...ull498x371.jpg
  • #4,296
  • Aug 7, 2007 12:49am Aug 7, 2007 12:49am
This pair just hates us.... back to 241.....
  • #4,297
  • Aug 7, 2007 12:50am Aug 7, 2007 12:50am
Quoting monarch
Thanks, I actually have been quiet, but I do manage to read all the post, and always find it a delight to read your analysis.

Keep up the great work, your doing a terrific job on this pair.

Can you save me from this Long?

LOL.
Thanks, I've learned a lot from your posts, when you had your own GU thread going on back then and even now , Please do continue to post so we can all learn from a professional trader such as yourself Monarch

I need someone to help me, I actually feel more confident now after seeing you have the same target LOL
Trade what you see, not what you think.
  • #4,298
  • Aug 7, 2007 12:52am Aug 7, 2007 12:52am
I am hoping for this target, but you never know what the bull can do, just when you think were heading up, all of a sudden this beast gets caught in a trap.

LOL

http://dark-wraith.com/images/bullflush0.png
  • #4,299
  • Aug 7, 2007 12:55am Aug 7, 2007 12:55am
Trade what you see, not what you think.
  • #4,300
  • Aug 7, 2007 12:55am Aug 7, 2007 12:55am
alright apparently this son of a gun its doing its own thing...i'm about to shot myself...
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