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

  • #12,121
  • Aug 20, 2007 6:20pm Aug 20, 2007 6:20pm
Quoting mktjong
I guess, i need a glass of coffee too, am still short this pair, not close yet. I saw a shooting star candlestick on 15 min, possible downtrend continuation http://www.forexfactory.com/images/icons/icon5.gif
Well, I guess am mixed now. trade could go either way ..
HI mktjong, its probably true might have downtrend acording to the 15m candle, but i asume the 15m will be very short term. the 4 hour candle will not form until 22:00 est still just under 3 hours away. as i am writing this, the 1h si just crossed down. if that 1 h keeps on going down touches or croses 50 then crosses back up again we could have a 200-300 pip long trade coming up. just play it safe for now and keep watching the charts.
  • #12,122
  • Aug 20, 2007 6:27pm Aug 20, 2007 6:27pm
Quoting edkami
239 or 229??
239 i say, it is a key res..we'll see some movements up and down. But we have to get realistic about it. The JPY is not a strong currency and this is just an August event. I believe that the JPY will not only go where it belongs, it will out beat 251 by the Mid to End September. This is fundamental though.
  • #12,123
  • Aug 20, 2007 6:29pm Aug 20, 2007 6:29pm
After touching the 100sma like 4 times , it dropped almost 100 pips
COT: The precious data ignored
  • #12,124
  • Aug 20, 2007 6:29pm Aug 20, 2007 6:29pm
Quoting fourxtrader
Indo,

Nice to see it work its way back above 228.50.

Dr. D.
LONG

I close my position on 229.00!!
ONLY 50 PIPS BUT IS OK
Please give me some PIPS
  • #12,125
  • Aug 20, 2007 6:31pm Aug 20, 2007 6:31pm
Quoting kuroro001
After touching the 100sma like 4 times , it dropped almost 100 pips
yup--pay attention to 100sma espeially in 1hr/4hr Tf's
  • #12,126
  • Aug 20, 2007 6:32pm Aug 20, 2007 6:32pm
Quoting indo_trader
LONG

I close my position on 229.00!!
ONLY 50 PIPS BUT IS OK
Excellent decision mate, glad you got away!!! it's @ 227.80 now
  • #12,127
  • Aug 20, 2007 6:33pm Aug 20, 2007 6:33pm
Quoting bill77
HI mktjong, its probably true might have downtrend acording to the 15m candle, but i asume the 15m will be very short term. the 4 hour candle will not form until 22:00 est still just under 3 hours away. as i am writing this, the 1h si just crossed down. if that 1 h keeps on going down touches or croses 50 then crosses back up again we could have a 200-300 pip long trade coming up. just play it safe for now and keep watching the charts.
Thanks bill77, surely am watching it. Looks like it would go further down, my tp 200 pips could probably be reached in the next few hours or minutes .. hope so
  • #12,128
  • Aug 20, 2007 6:33pm Aug 20, 2007 6:33pm
and the 50ema too
look at 1hr chart and guess hwere it bounced off?
  • #12,129
  • Aug 20, 2007 6:34pm Aug 20, 2007 6:34pm
chk gbp/usd 1hr and guess where it bounced off too (50ema)
  • #12,130
  • Aug 20, 2007 6:35pm Aug 20, 2007 6:35pm
I Open at 227.82 TP at 227.00
And How about U ALLL?
Please give me some PIPS
  • #12,131
  • Aug 20, 2007 6:35pm Aug 20, 2007 6:35pm
Quoting Hakuna Matata
and the 50ema too
look at 1hr chart and guess hwere it bounced off?

Yeh indeed , i'll take a look at it from now on
Thk
COT: The precious data ignored
  • #12,132
  • Aug 20, 2007 6:36pm Aug 20, 2007 6:36pm
I have been long since 226 and I hope it goes back down again so I can load the boat with more lots. See ya on 1st of Oct with 3000++ pips.
  • #12,133
  • Aug 20, 2007 6:37pm Aug 20, 2007 6:37pm
Quoting zoheir
Excellent decision mate, glad you got away!!! it's @ 227.80 now
Maybe WILL BE @227.00
Please give me some PIPS
  • #12,134
  • Aug 20, 2007 6:39pm Aug 20, 2007 6:39pm
Quoting Hakuna Matata
chk gbp/usd 1hr and guess where it bounced off too (50ema)
Yup... same thing for UJ and EJ as well
COT: The precious data ignored
  • #12,135
  • Aug 20, 2007 6:42pm Aug 20, 2007 6:42pm
I'll think about going short again if the momemtum (10) is bouncing off the dotted line (0 line) and go down with a tp1 of 226.25 and tp2 225.70
COT: The precious data ignored
  • #12,136
  • Aug 20, 2007 6:50pm Aug 20, 2007 6:50pm
guys observe the last few candles--its ranging btw 50ema and 100sma
dont go long/short at the extremes
  • #12,137
  • Aug 20, 2007 6:56pm Aug 20, 2007 6:56pm
Quoting Hakuna Matata
guys observe the last few candles--its ranging btw 50ema and 100sma
dont go long/short at the extremes

Yeh... anyway taking a position while there are spining tops or doji as candle in a ranging market sounds like suicide so we'd better wait a confirmation of where the market is heading to

Maybe the Asian guys will show us the way
COT: The precious data ignored
  • #12,138
  • Aug 20, 2007 7:08pm Aug 20, 2007 7:08pm
Quoting indo_trader
I Open at 227.82 TP at 227.00
And How about U ALLL?
too risky now my friend, i'm done till london open....wish u luck
  • #12,139
  • Aug 20, 2007 7:25pm Aug 20, 2007 7:25pm
Guys, this news is probably one of them that keeping this pair from going up.Link: http://www.bloomberg.com/apps/news?p...9RE&refer=home
  • #12,140
  • Aug 20, 2007 7:39pm Aug 20, 2007 7:39pm
Quoting mktjong
Guys, this news is probably one of them that keeping this pair from going up.Link: http://www.bloomberg.com/apps/news?p...9RE&refer=home
Eventually reality was going to have to intrude on the stock markets fantasy that the problem has been solved. Just wait until Countrywide declares bankruptcy
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