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

  • #6,221
  • Aug 10, 2007 5:32am Aug 10, 2007 5:32am
Fed adds 19 billion to bank system!
  • #6,222
  • Aug 10, 2007 5:33am Aug 10, 2007 5:33am
I shorted just now again @ 237.69 , 1H 5SMA
Trade what you see, not what you think.
  • #6,223
  • Aug 10, 2007 5:35am Aug 10, 2007 5:35am
Quoting karmostaji
I shorted just now again @ 237.69 , 1H 5SMA
Me too! @ 237.59. I hope this thing goes all the way down
  • #6,224
  • Aug 10, 2007 5:35am Aug 10, 2007 5:35am
Quoting TradeStar
So, you are saying this could be a beginning of total reversal to go back up?
Not sure, but it could retrace up to 200 pips easy.
  • #6,225
  • Aug 10, 2007 5:36am Aug 10, 2007 5:36am
Quoting karmostaji
I shorted just now again @ 237.69 , 1H 5SMA
Me too
  • #6,226
  • Aug 10, 2007 5:37am Aug 10, 2007 5:37am
Ok, now I'm going to get myself something to drink and watch.. it might retrace more but I wont short again, I've got enough positions on short at the moment

Patience kicks in now..
Trade what you see, not what you think.
  • #6,227
  • Aug 10, 2007 5:37am Aug 10, 2007 5:37am
Touched 1H 5 SMA.
  • #6,228
  • Aug 10, 2007 5:40am Aug 10, 2007 5:40am
This retrace to 5SMA thing works like a wonder!!
  • #6,229
  • Aug 10, 2007 5:40am Aug 10, 2007 5:40am
I'm out.. nice 65 pip profit.. I don't want more.
  • #6,230
  • Aug 10, 2007 5:45am Aug 10, 2007 5:45am
Quoting karmostaji
Ok, now I'm going to get myself something to drink and watch.. it might retrace more but I wont short again, I've got enough positions on short at the moment

Patience kicks in now..
whats your TP here karmo?
  • #6,231
  • Aug 10, 2007 5:46am Aug 10, 2007 5:46am
Quoting gr8collector
whats your TP here karmo?
first TP 236.00

then I'll have to watch, might go lower or might bounce off that fibo
Trade what you see, not what you think.
  • #6,232
  • Aug 10, 2007 5:49am Aug 10, 2007 5:49am
Quoting karmostaji
first TP 236.00

then I'll have to watch, might go lower or might bounce off that fibo
Watch out since the market might correct itself.... since Fed and other europe & japanese banks have taken proactive actions for credit crunch. Also, S&P, DOW is recovering from future losses.....
  • #6,233
  • Aug 10, 2007 5:50am Aug 10, 2007 5:50am
Karmo,
whats your SL on GU?
  • #6,234
  • Aug 10, 2007 5:50am Aug 10, 2007 5:50am
Quoting webstakes
Watch out since the market might correct itself.... since Fed and other europe & japanese banks have taken proactive actions for credit crunch. Also, S&P, DOW is recovering from future losses.....
I have enough cushin and I risk 1% per trade, no problemo
Trade what you see, not what you think.
  • #6,235
  • Aug 10, 2007 5:51am Aug 10, 2007 5:51am
Well, don't want to speculate anything but positive divergence is forming on hourly chart as you can tell on Slow Stoch (8,3,3) indicator.
  • #6,236
  • Aug 10, 2007 5:53am Aug 10, 2007 5:53am
Quoting karmostaji
first TP 236.00

then I'll have to watch, might go lower or might bounce off that fibo
what your hi-low on the fibo? your SL?
  • #6,237
  • Aug 10, 2007 5:53am Aug 10, 2007 5:53am
Quoting mcduck
Karmo,
whats your SL on GU?
just to be safe 0260, but i'm watching the pair carefully
Trade what you see, not what you think.
  • #6,238
  • Aug 10, 2007 5:55am Aug 10, 2007 5:55am
thanks
  • #6,239
  • Aug 10, 2007 5:55am Aug 10, 2007 5:55am
Quoting karmostaji
Ok, now I'm going to get myself something to drink and watch.. it might retrace more but I wont short again, I've got enough positions on short at the moment

Patience kicks in now..
If you're close to merdif come watch with me , I've got an extra PC for you and lots of drinks
  • #6,240
  • Aug 10, 2007 5:56am Aug 10, 2007 5:56am
Quoting gr8collector
what your hi-low on the fibo? your SL?
Hi 251.07
Low 221.05

My SL is usually large, I don't know if you guys can handle it.. 240.20
Trade what you see, not what you think.
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