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

  • #5,141
  • Aug 8, 2007 3:01pm Aug 8, 2007 3:01pm
EXTREMELY RISKY TRADE

Short @ 243.65

I know everybody is long etc.. but I will do what my chart tells me
Trade what you see, not what you think.
  • #5,142
  • Aug 8, 2007 3:02pm Aug 8, 2007 3:02pm
Quoting fourxtrader
Dow moving back just above +100 just before the closing bell. Some of the reaction was from an unfounded rumor. LOL watching CNBC

Headline for the day, strength in the global economy due to the technology sector.

DOW +144 closing a bull run rally led by the home section..... at least for the moment..... lol

Markam's right.... follow the DOW when you trade the GJ.
  • #5,143
  • Aug 8, 2007 3:04pm Aug 8, 2007 3:04pm
Quoting karmostaji
EXTREMELY RISKY TRADE

Short @ 243.65

I know everybody is long etc.. but I will do what my chart tells me
so what exactly do you see on the 4-hr chart that tells you short?
  • #5,144
  • Aug 8, 2007 3:06pm Aug 8, 2007 3:06pm
Quoting fourxtrader
Dow moving back just above +100 just before the closing bell. Some of the reaction was from an unfounded rumor. LOL watching CNBC
Yup!

Reuters
Stocks cut gains on Goldman speculation
Wednesday August 8, 3:57 pm ET
NEW YORK (Reuters) - U.S. stocks pared gains in late trading on Wednesday on market speculation that investment bank Goldman Sachs (NYSE:GS - News) would make an announcement after the market close. Several traders said there was no consensus on what Goldman might announce. Goldman declined to comment on the speculation.
  • #5,145
  • Aug 8, 2007 3:06pm Aug 8, 2007 3:06pm
Im actually Short too @ 243.67 TP 242.70


Quoting karmostaji
EXTREMELY RISKY TRADE

Short @ 243.65

I know everybody is long etc.. but I will do what my chart tells me
  • #5,146
  • Aug 8, 2007 3:07pm Aug 8, 2007 3:07pm
Quoting karmostaji
EXTREMELY RISKY TRADE

Short @ 243.65

I know everybody is long etc.. but I will do what my chart tells me
aren't you expecting to range at least until london opening, anyway interested to see what will happen, I don't remeber seeing you enter a trade if you are not very sure of it, so even more so curious to see how it will turn out
  • #5,147
  • Aug 8, 2007 3:07pm Aug 8, 2007 3:07pm
Quoting fourxtrader
Headline for the day, strength in the global economy due to the technology sector.

DOW +144 closing a bull run rally led by the home section..... at least for the moment..... lol

Markam's right.... follow the DOW when you trade the GJ.

That price movement the last 10 minutes was pretty darn impressive. Of course, GJ reflected it with a 70 pip rise.
  • #5,148
  • Aug 8, 2007 3:07pm Aug 8, 2007 3:07pm
Quoting karmostaji
EXTREMELY RISKY TRADE

Short @ 243.65

I know everybody is long etc.. but I will do what my chart tells me
Karmo,i'm not shure but maybe we have seen the rettracement to 243 and maybe we are UP again!
  • #5,149
  • Aug 8, 2007 3:10pm Aug 8, 2007 3:10pm
Quoting karmostaji
EXTREMELY RISKY TRADE

Short @ 243.65

I know everybody is long etc.. but I will do what my chart tells me

Nothing is risky if you thoroughly understand the risk.
  • #5,150
  • Aug 8, 2007 3:11pm Aug 8, 2007 3:11pm
Quoting markam
so what exactly do you see on the 4-hr chart that tells you short?
Hanging man

I could be TOTALLY WRONG and lose many pips, so becareful
Trade what you see, not what you think.
  • #5,151
  • Aug 8, 2007 3:12pm Aug 8, 2007 3:12pm
Quoting I.Y.I
Karmo,i'm not shure but maybe we have seen the rettracement to 243 and maybe we are UP again!
I did see it retraced to 23.6% (242.96) , then comes back up to 243.68.
It doesn't have to retrace to 61.8%

But, look what it's doing now? forming an arch?
  • #5,152
  • Aug 8, 2007 3:16pm Aug 8, 2007 3:16pm
Quoting karmostaji
EXTREMELY RISKY TRADE

Short @ 243.65

I know everybody is long etc.. but I will do what my chart tells me


Seems a very un-risky trade to me.
  • #5,153
  • Aug 8, 2007 3:16pm Aug 8, 2007 3:16pm
Quoting karmostaji
Hanging man

I could be TOTALLY WRONG and lose many pips, so becareful
well at least you have a very good SL
  • #5,154
  • Aug 8, 2007 3:17pm Aug 8, 2007 3:17pm
THe 4Hr chart is Bear
MACD is Bear 4HR

But nohing is strong now

Quoting markam
so what exactly do you see on the 4-hr chart that tells you short?
  • #5,155
  • Aug 8, 2007 3:20pm Aug 8, 2007 3:20pm
missed an entry when GJ retraced to 243. oh well, still holding on to the long at 243.80. lets see what happens at 5:00.01 EST.

Im still bullish about this pair though.
  • #5,156
  • Aug 8, 2007 3:23pm Aug 8, 2007 3:23pm
Quoting trader8686
I did see it retraced to 23.6% (242.96) , then comes back up to 243.68.
It doesn't have to retrace to 61.8%

But, look what it's doing now? forming an arch?

Yeah almost 23.6%,because 242.76 is 23.6.
  • #5,157
  • Aug 8, 2007 3:24pm Aug 8, 2007 3:24pm
Quoting trader8686

But, look what it's doing now? forming an arch?

We'll see about it!
  • #5,158
  • Aug 8, 2007 3:25pm Aug 8, 2007 3:25pm
Quoting newjersey24
THe 4Hr chart is Bear
MACD is Bear 4HR

But nohing is strong now
4hr is extremly bullish with QQE beeing above the 50 line and also above the slow rsi, RSI above 50 and also MACD into positive teritory, I guess you wnated to say bull, or isn't so?
  • #5,159
  • Aug 8, 2007 3:28pm Aug 8, 2007 3:28pm
Quoting karmostaji
Hanging man

I could be TOTALLY WRONG and lose many pips, so becareful
My 4h candle still has 1h and 33 min before closing and it could turn out not to be a hanging man...
  • #5,160
  • Aug 8, 2007 3:30pm Aug 8, 2007 3:30pm
Quoting ovidiu
My 4h candle still has 1h and 33 min before closing and it could turn out not to be a hanging man...
The platform i'm using, 4H candle closed 30 mins ago
Trade what you see, not what you think.
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