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

  • #16,001
  • Aug 27, 2007 7:10am Aug 27, 2007 7:10am
Quoting Lincoln_10
auslanco... still holding your shorts?
No.. it hit my TP 233.60 long time ago. Just opened a new short @ 30 min 5sma
  • #16,002
  • Aug 27, 2007 7:11am Aug 27, 2007 7:11am
Quoting auslanco
No.. it hit my TP 233.60 long time ago. Just to opened a new short @ 30 min 5sma
glad to be on the same boat than

new target 229?
or more realistic around 232?

i DO target 229
give me my pips back...
  • #16,003
  • Aug 27, 2007 7:11am Aug 27, 2007 7:11am
Wow, 1hr QQE soon cross down 50 mark and 4hr looks like its going to cross down too... So bears are getting loose guys!
  • #16,004
  • Aug 27, 2007 7:11am Aug 27, 2007 7:11am
Quoting auslanco
I couldnt even check the other pairs.. was it correct?
In GU in that moment yes using 15M and 5M.
  • #16,005
  • Aug 27, 2007 7:12am Aug 27, 2007 7:12am
Quoting emda
no impact? it is moving faster....

Not the impact expected though
COT: The precious data ignored
  • #16,006
  • Aug 27, 2007 7:14am Aug 27, 2007 7:14am
Already went short, and in the money now
It would go down for more from the data.
  • #16,007
  • Aug 27, 2007 7:16am Aug 27, 2007 7:16am
Quoting mktjong
Already went short, and in the money now
It would go down for more from the data.
But be careful too for a small retracement. Look for good entry point based on the charts.
  • #16,008
  • Aug 27, 2007 7:16am Aug 27, 2007 7:16am
OK guys it's time to watch Jerry Springer.. At least that will more interesting that this dead beast.
  • #16,009
  • Edited 7:23am Aug 27, 2007 7:19am | Edited 7:23am
Quoting zoheir
Remember these are JULY numbers, and August is when all hell broke loose, so... same time next month things will be reaaaaaaaaaaaaaally exciting
(i'm short though !)
what is ur profit target for short GJ
Don't compare your Trades with Others
  • #16,010
  • Aug 27, 2007 7:20am Aug 27, 2007 7:20am
Quoting auslanco
No.. it hit my TP 233.60 long time ago. Just opened a new short @ 30 min 5sma

So you think it will go down? Should I reverse my trade?? what do you think?


Indicators are bearish, but what about the currencies?
  • #16,011
  • Aug 27, 2007 7:21am Aug 27, 2007 7:21am
Quoting auslanco
OK guys it's time to watch Jerry Springer.. At least that will more interesting that this dead beast.
true that
  • #16,012
  • Aug 27, 2007 7:22am Aug 27, 2007 7:22am
Quoting zoheir
Remember these are JULY numbers, and August is when all hell broke loose, so... same time next month things will be reaaaaaaaaaaaaaally exciting
(i'm short though !)
Bro... This was the first time I stayed awake for this news. Existing Home sales is not a market mover. It a low volatile news release as I mentioned before the event.
  • #16,013
  • Aug 27, 2007 7:24am Aug 27, 2007 7:24am
Quoting auslanco
OK guys it's time to watch Jerry Springer.. At least that will more interesting that this dead beast.
hmm..i guess its all eyes on the equity markets for directions now then huh. and T-bills
  • #16,014
  • Aug 27, 2007 7:26am Aug 27, 2007 7:26am
I'll feel better about shorts as soon as we get a close beneath this 1H trend line.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 1h.gif Size: 15 KB
  • #16,015
  • Aug 27, 2007 7:27am Aug 27, 2007 7:27am
Quoting LuckyLooser
So you think it will go down? Should I reverse my trade?? what do you think?


Indicators are bearish, but what about the currencies?
4hr seems to be turning bearish.. If it cross down and forms a bar below the Gann line i will go for a 200 - 300 pips target. My current trade target is just 35 pips(todays low) I'm off to bed after that.
  • #16,016
  • Aug 27, 2007 7:30am Aug 27, 2007 7:30am
Ok I'm back from the hospital, I'm all good.. was doing some check-up's

You all who are short becareful, I might take your money and run away up

I still believe in my LONG, I might short a bit if hourly closes well below 233.70

until then, I'm the bull man with patience
Trade what you see, not what you think.
  • #16,017
  • Aug 27, 2007 7:30am Aug 27, 2007 7:30am
We are at the bottom of a support trendline. This is not a good place to short. In fact, it's a better place to long with stops just below it.

The time to short is when this line breaks. What you should notice is a fairly large fall through it and then it will generally (not always but more times than not) return to the line. The line that was previous support should now turn into resistance. So when price bounces off the line (or just below it), that is the ideal time to short! But wait for the break - that is confirmation.

Hopefully a good lesson for some people.

Z
  • #16,018
  • Aug 27, 2007 7:37am Aug 27, 2007 7:37am
NO short NO Longs, Just scalp the market using 5 min TF for smaller profit targets..

There are good trades developing in Eur/Jpy, USD/JPY and GBP/USD.. good luck to every one.
  • #16,019
  • Aug 27, 2007 7:39am Aug 27, 2007 7:39am
It's a retracement, guys. We can't go only up.
go go go
  • #16,020
  • Aug 27, 2007 7:41am Aug 27, 2007 7:41am
British banks are closed today.. that means 50% of forex liquidity is not there.. market will range or spikes with sudden retracements, be carful if you are targeting big TP's.
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