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

  • #7,021
  • Aug 13, 2007 3:02pm Aug 13, 2007 3:02pm
Quoting Richardj
Yes - for shorts, of course! Thanks very much - I've been really impressed by your take profit targets since I joined this thread! Taking profits is almost my weakest point in FX.
same prob with me
thanks kermo for share info
kermo ROcks !
  • #7,022
  • Aug 13, 2007 3:04pm Aug 13, 2007 3:04pm
last 4H is an inside bar, still beleive in my shorts
  • #7,023
  • Aug 13, 2007 3:05pm Aug 13, 2007 3:05pm
Quoting karmostaji
DOW might dive to 13,227 by the end of the day
ended the day where i was expecting
Trade what you see, not what you think.
  • #7,024
  • Aug 13, 2007 3:08pm Aug 13, 2007 3:08pm
Dont the Dow close at 4:30 EST??

About another 23 minutes to go.

or am I wrong?
  • #7,025
  • Aug 13, 2007 3:09pm Aug 13, 2007 3:09pm
Quoting karmostaji
No probs, but you may want to lock in profits as the trade goes your way

Karmo... yes, for once, I'm going to try to get my take partial profits on the way down at the proper levels. I find it tricky to place these TP levels, because it seems to me that there are quite a lot of different possible TP levels in the 235.00 and 233.60-ish area.

Just in case you're interested, I'm going to post two charts here to show two (amongst a number of other) possible TP levels that I'm seeing as potential bounce levels. This is the first - at around 235.00.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 8 HR poss support line aug 13.jpg Size: 46 KB
  • #7,026
  • Aug 13, 2007 3:09pm Aug 13, 2007 3:09pm
Quoting newjersey24
Dont the Dow close at 4:30 EST??

About another 23 minutes to go.

or am I wrong?
you're wrong, it closed 10 mins ago
Trade what you see, not what you think.
  • #7,027
  • Aug 13, 2007 3:10pm Aug 13, 2007 3:10pm
Quoting newjersey24
Dont the Dow close at 4:30 EST??

About another 23 minutes to go.

or am I wrong?
nope --- always remember: open=half past close = sharp
  • #7,028
  • Aug 13, 2007 3:10pm Aug 13, 2007 3:10pm
Here's another.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY daily support poss aug 13.jpg Size: 40 KB
  • #7,029
  • Aug 13, 2007 3:11pm Aug 13, 2007 3:11pm
Now that we don't have to worry about the stock market messing us up, we can trade the technical indicators.

The 4-hour and 1-hour charts looks very bearish to me. I am definitely short.
  • #7,030
  • Aug 13, 2007 3:13pm Aug 13, 2007 3:13pm
Quoting markam
Now that we don't have to worry about the stock market messing us up, we can trade the technical indicators.

The 4-hour and 1-hour charts looks very bearish to me. I am definitely short.
got an entry already Markam ? 238.33 and 237.50 here
  • #7,031
  • Aug 13, 2007 3:19pm Aug 13, 2007 3:19pm
OK,

I looked at DOw its now in negative -3.01.
Either case, Im already short TP 237.40 Daily FIB 23. (weak)

TP2 236.50 Strong FIB monthly
  • #7,032
  • Aug 13, 2007 3:28pm Aug 13, 2007 3:28pm
Quoting zoheir
got an entry already Markam ? 238.33 and 237.50 here
237.9
  • #7,033
  • Aug 13, 2007 3:47pm Aug 13, 2007 3:47pm
GU announcement due GMT 23.01 RICS house price balance
  • #7,034
  • Aug 13, 2007 4:31pm Aug 13, 2007 4:31pm
kind of off topic but since its slow....are most of you guys trading full time or is this something on the side along with job/business? I work too and I was wondering if I could claim as being a day trader as a 2nd job if I have loses?
  • #7,035
  • Aug 13, 2007 4:37pm Aug 13, 2007 4:37pm
Quoting khmr
kind of off topic but since its slow....are most of you guys trading full time or is this something on the side along with job/business? I work too and I was wondering if I could claim as being a day trader as a 2nd job if I have loses?
you can write off losses to the extent of your profits. you cannot write of losses against income from another job.
  • #7,036
  • Aug 13, 2007 4:44pm Aug 13, 2007 4:44pm
Quoting markam
you can write off losses to the extent of your profits. you cannot write of losses against income from another job.
Yes, I think you still can write off $3,000 deductible of your total income tax.
  • #7,037
  • Aug 13, 2007 4:50pm Aug 13, 2007 4:50pm
Once we break through 236.29, we should accellerate downwards, in my view. The RICS announcement may be enough to trigger that.
  • #7,038
  • Aug 13, 2007 4:54pm Aug 13, 2007 4:54pm
I'm predicting 233.98 as a minimum drop for this week - just for the record.
  • #7,039
  • Aug 13, 2007 4:55pm Aug 13, 2007 4:55pm
Quoting mktjong
Yes, I think you still can write off $3,000 deductible of your total income tax.
I checked, and that appears to be correct.
  • #7,040
  • Aug 13, 2007 5:04pm Aug 13, 2007 5:04pm
Multiple 'short' plays trading the oscillations within the embedded trend...

Just closed 2/3rd of my recent position.... moved my stop to breakeven and will let the remainder run for all its worth.

My projection on this one.... I have no clue and no one else does either.

4 wins totalling = 350 pips
2 losses totalling = -32 pips
net gain = +318 pips
1 active trade = ~+35 pips

Until the Asian session, I'm off for a short siesta...

sleepinginadumpster
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