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

  • #10,201
  • Aug 16, 2007 11:31pm Aug 16, 2007 11:31pm
Need a 1 hr SI cross for that, right.
  • #10,202
  • Aug 16, 2007 11:33pm Aug 16, 2007 11:33pm
can I stay awake for the next 16 hours? I forsee several more opportunites to make money.
  • #10,203
  • Aug 16, 2007 11:34pm Aug 16, 2007 11:34pm
Quoting markam
can I stay awake for the next 16 hours? I forsee several more opportunites to make money.

I need to make it until my platform closes!

Lets see if we can make it a GREAT weekend!
  • #10,204
  • Aug 16, 2007 11:34pm Aug 16, 2007 11:34pm
Quoting From Forex.com commentary
August 17, 2007 12:26 AM Price action... We can't make these moves up folks..They are electric and represent a scalp traders dream come true..Follow thru in all pairs incredible except EUR/USD
makes it so hard to go to bed ...

Any idea on a bottom? J/K I am looking to around 228.33 to confirm an big up movement on the Auslaco method? Am I on target here?
  • #10,205
  • Aug 16, 2007 11:35pm Aug 16, 2007 11:35pm
Quoting new_trader
If you enter sometime after European closing today then it is safe to exit several hours after US open or right after Euopean closing next day. Works 99% during trends.

guys guys-- iwas joking--thanks for all your advice regardless---lol
scalped another 90 pips

i am and intra--hr trader--lol--just kiddin !!

aus-- when u comin down to sydney mate?
  • #10,206
  • Aug 16, 2007 11:37pm Aug 16, 2007 11:37pm
Quoting auslanco
this wave could go down to below 219 area.. But be cautios as always .. it's a very unprdictable and volatile market.. one emergancy Fed announcemnt could ruin the party.

That's the only thing I worry about... A FED announcement
  • #10,207
  • Aug 16, 2007 11:37pm Aug 16, 2007 11:37pm
Quoting auslanco
this wave could go down to below 219 area.. But be cautios as always .. it's a very unprdictable and volatile market.. one emergancy Fed announcemnt could ruin the party.
Aus,

What is T/P to the 219 area?
  • #10,208
  • Aug 16, 2007 11:40pm Aug 16, 2007 11:40pm
Does it mean anything about the retrace when it hangs at the bottom for such a long period. I mean like bigger or smaller retrace.
  • #10,209
  • Aug 16, 2007 11:40pm Aug 16, 2007 11:40pm
at 221.60-221.70 level. Also, be ware if BofJ intervenes...
  • #10,210
  • Aug 16, 2007 11:41pm Aug 16, 2007 11:41pm
I will close my positions 220(psycological level) or by 5,30GMT. I will go short after London open. EURO news @ 6GMT will consolidate the price before it goes down futher.
  • #10,211
  • Aug 16, 2007 11:41pm Aug 16, 2007 11:41pm
Quoting joiedevivre
at 221.60-221.70 level. Also, be ware if BofJ intervenes...
this would be the time. They could get a monster rebound
  • #10,212
  • Aug 16, 2007 11:43pm Aug 16, 2007 11:43pm
If it breaks 221.07 it will be at lowest since October of 2006. (if I am reading my chart correctly)
  • #10,213
  • Aug 16, 2007 11:43pm Aug 16, 2007 11:43pm
Quoting auslanco
this wave could go down to below 219 area.. But be cautios as always .. it's a very unprdictable and volatile market.. one emergancy Fed announcemnt could ruin the party.
Hi,
I put a short on before I went out this morning (melbourne time). Frankly I'm a bit surprised to see it getting there. I was expecting a bit of a pull back after tokyo opened.

Short 225.54 SL breakeven +10 now TP 218.00

Mike
  • #10,214
  • Aug 16, 2007 11:43pm Aug 16, 2007 11:43pm
Surely it won't hit the 10 sma dn leg down again.....

Will it ...
  • #10,215
  • Aug 16, 2007 11:46pm Aug 16, 2007 11:46pm
Quoting trader8686
Aus,

What is T/P to the 219 area?

Please dont use my take profits.. I unload positions at different levels.. and when it goes down to 219.. only my smallest position will be left at that point. Even if the market turns around 220 and go up to 230.. it does not hurt my acccount..
I have already unloaded 50% of my positions. I hope you get my point.
  • #10,216
  • Aug 16, 2007 11:46pm Aug 16, 2007 11:46pm
watch the 100sma on weekly chart--support---220.74
  • #10,217
  • Aug 16, 2007 11:47pm Aug 16, 2007 11:47pm
i believe, we have to hit 221 before we head back imo..
  • #10,218
  • Aug 16, 2007 11:47pm Aug 16, 2007 11:47pm
well said--
always bank profits on the rollercaoster ride down--u wont cry if it rebounds
  • #10,219
  • Aug 16, 2007 11:47pm Aug 16, 2007 11:47pm
Quoting MikeW
Hi,
I put a short on before I went out this morning (melbourne time). Frankly I'm a bit surprised to see it getting there. I was expecting a bit of a pull back after tokyo opened.

Short 225.54 SL breakeven +10 now TP 218.00

Mike
If I may ask what is the reason for that TP?
  • #10,220
  • Aug 16, 2007 11:48pm Aug 16, 2007 11:48pm
Quoting markam
this would be the time. They could get a monster rebound
My momentum says it will hit 221 before this hour.. will wait and see
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