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

  • #4,401
  • Aug 7, 2007 2:08am Aug 7, 2007 2:08am
Quoting auslanco
Hedging
Long @ 241.29
Short @ 240.68

SL 100 pips
TP min 200pips
Aus,

Is this short TP min 200pips? What is the TP target?
  • #4,402
  • Aug 7, 2007 2:17am Aug 7, 2007 2:17am
The SI on the hourlies is about to cross downwards accross the 50 line - but I don't like the way its coming at it. Not sharp enough - almost parallel to it. The 4H is under the 50 line but still bullish. Its not one of those better days!

I think I'll go take a nap or find something more productive to do.....
  • #4,403
  • Aug 7, 2007 2:23am Aug 7, 2007 2:23am
Quoting Timingy
The SI on the hourlies is about to cross downwards accross the 50 line - but I don't like the way its coming at it. Not sharp enough - almost parallel to it. The 4H is under the 50 line but still bullish. Its not one of those better days!

I think I'll go take a nap or find something more productive to do.....
Do you know what is the TP of the short? (Aus' hedging)
  • #4,404
  • Aug 7, 2007 2:24am Aug 7, 2007 2:24am
Quoting monarch
Yea, would like to have 0% interest, that would ease the pain on those mortgage payments.

But I think Ben is being influenced by ignorance, so you just might get an increase tomorrow if he keeps it the same.

Econcomy use to be the type of room I had when I would go on vacation, but I think there is deeper meaning to this word.

Until then, I will have tough strokes to make on 6 pieces of property, anyone interested in buying in California. LOL
Property prices are crazy over here so I can swap you a 1 bed studio apartment here for a 10 bed, 50Acre plot in CA ! lol
  • #4,405
  • Aug 7, 2007 2:26am Aug 7, 2007 2:26am
Quoting trader8686
Do you know what is the TP of the short? (Aus' hedging)

It's 200 pips for both long and short.. you may want to stay away from the market unless you are trading on a demo account. If you are hedging you have to know when to close the position. I dont think you have got enough experience on this strategy as yet to identfy all this finer points. Still the market is very much ranging.
  • #4,406
  • Aug 7, 2007 2:30am Aug 7, 2007 2:30am
We are sitting in the middle of this range, it's getting boring watching it play ping-pong with us
Trade what you see, not what you think.
  • #4,407
  • Aug 7, 2007 2:33am Aug 7, 2007 2:33am
Quoting auslanco
It's 200 pips for both long and short.. you may want to stay away from the market unless you are trading on a demo account. If you are hedging you have to know when to close the position. I dont think you have got enough experience on this strategy as yet to identfy all this finer points. Still the market is very much ranging.
Ok, now I do have both position opened (hedging).
As for "stay away", is to close both and walk away? or simply not to do anything anymore?
  • #4,408
  • Aug 7, 2007 2:34am Aug 7, 2007 2:34am
Cable is being supported @ 0260
UJ is being supported @ 118.60

Weekly trendline is supporting GJ at the moment..

http://img465.imageshack.us/img465/7605/gjbj9.gif
Trade what you see, not what you think.
  • #4,409
  • Aug 7, 2007 2:36am Aug 7, 2007 2:36am
hi auslanco
I think we will be ranging until USD news...
how do you see todays news trade in gbpusd?
  • #4,410
  • Aug 7, 2007 2:38am Aug 7, 2007 2:38am
Quoting trader8686
Ok, now I do have both position opened (hedging).
As for "stay away", is to close both and walk away? or simply not to do anything anymore?
What are your entry points for the short and the long?
  • #4,411
  • Aug 7, 2007 2:39am Aug 7, 2007 2:39am
Quoting mjolimer
What are your entry points for the short and the long?
Originally Posted by auslanco http://www.forexfactory.com/images/buttons/viewpost.gif
Hedging
Long @ 241.29
Short @ 240.68

SL 100 pips
TP min 200pips
  • #4,412
  • Aug 7, 2007 2:42am Aug 7, 2007 2:42am
Is it breaking out of the ranging and up? 240.80 now. Also the 1H has just touched 5sma.
  • #4,413
  • Aug 7, 2007 2:45am Aug 7, 2007 2:45am
Quoting emda
hi auslanco
I think we will be ranging until USD news...
how do you see todays news trade in gbpusd?
GBP/USD will go up... for the news spike I'm planning to go short from the top. 4hr trend is bearish for GU(unless 4hr changes after the news.)
  • #4,414
  • Aug 7, 2007 2:46am Aug 7, 2007 2:46am

i take this as a joke

Quoting trader8686
Ok, now I do have both position opened (hedging).

Quoting trader8686
As for "stay away", is to close both and walk away? or simply not to do anything anymore?
"Analysis Is Hard But Trade Is Easy"
  • #4,415
  • Aug 7, 2007 2:48am Aug 7, 2007 2:48am
My God, I am stucked with my short, now the price is flying up.
Aus, how do I close my hedging short?
Can you help? 240.94
  • #4,416
  • Aug 7, 2007 2:52am Aug 7, 2007 2:52am
Quoting auslanco
GBP/USD will go up... for the news spike I'm planning to go short from the top. 4hr trend is bearish for GU(unless 4hr changes after the news.)
but you mentioned that news trades almost everytime break in the direction of the trend. so why would go up in the news?
  • #4,417
  • Aug 7, 2007 2:53am Aug 7, 2007 2:53am
Quoting trader8686
My God, I am stucked with my short, now the price is flying up.
Aus, how do I close my hedging short?
Can you help? 240.94
Well you could always leave it on - that way you're not making money or losing money.
  • #4,418
  • Aug 7, 2007 2:54am Aug 7, 2007 2:54am
Quoting MikeW
Well you could always leave it on - that way you're not making money or losing money.
This is a demo account isn't it?
  • #4,419
  • Aug 7, 2007 2:54am Aug 7, 2007 2:54am

look at UJ GU and GJ 1 hour candle u will get the answer

Quoting trader8686
My God, I am stucked with my short, now the price is flying up.

Quoting trader8686
Aus, how do I close my hedging short?
Can you help? 240.94
"Analysis Is Hard But Trade Is Easy"
  • #4,420
  • Aug 7, 2007 2:57am Aug 7, 2007 2:57am
Quoting emda
but you mentioned that news trades almost everytime break in the direction of the trend. so why would go up in the news?
I'm talking about the news spike.. then it will retrace to the 4hr trend.
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