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

  • #21,241
  • Sep 4, 2007 2:11pm Sep 4, 2007 2:11pm
50 minutes left. If it closes above 13500, I think we might finally have a chance to break 234.20. If it doesn't, then scalp the range.
  • #21,242
  • Sep 4, 2007 2:11pm Sep 4, 2007 2:11pm
Quoting Pipsqueak
234.20 is not gonna get broken easily. This pair spent the whole day yesterday trying to break it. This pair is in a major range bound.
The dow will break it easily when it goes up a little more.
  • #21,243
  • Sep 4, 2007 2:15pm Sep 4, 2007 2:15pm
If traders don't start profit taking in the last half hour...
  • #21,244
  • Sep 4, 2007 2:15pm Sep 4, 2007 2:15pm
both the dow and gj had a bit of a problem there. I expect the dow will break 13465 next try and take gj above 234.20
  • #21,245
  • Sep 4, 2007 2:17pm Sep 4, 2007 2:17pm
Quoting Pipsqueak
If traders don't start profit taking in the last half hour...
This looks like one of those push the market till close days. They want to get above 13500, so they can hopefully take it higher this week. Failure today will make it tougher to break later in the week.
  • #21,246
  • Sep 4, 2007 2:18pm Sep 4, 2007 2:18pm
With all this talk about breaking 234.20, where do most y'all have your first TP? 235.00?
  • #21,247
  • Sep 4, 2007 2:19pm Sep 4, 2007 2:19pm
failure no 2. I wonder if no 3 will break it.
  • #21,248
  • Sep 4, 2007 2:21pm Sep 4, 2007 2:21pm
Quoting lepiricus
With all this talk about breaking 234.20, where do most y'all have your first TP? 235.00?
if it breaks here, we will probably go up to 235.5 area.
  • #21,249
  • Sep 4, 2007 2:22pm Sep 4, 2007 2:22pm
that should do it
  • #21,250
  • Sep 4, 2007 2:25pm Sep 4, 2007 2:25pm
Quoting markam
that should do it
did it break it?
  • #21,251
  • Sep 4, 2007 2:25pm Sep 4, 2007 2:25pm
pppssss .. needle already got into the balloon..
  • #21,252
  • Sep 4, 2007 2:27pm Sep 4, 2007 2:27pm
Quoting mjolimer
did it break it?
GJ is 234.4 on the buy. Still heavy resistance on both the dow and GJ. I think dow will break 13500 and gj 235 in the next half hour.
  • #21,253
  • Sep 4, 2007 2:27pm Sep 4, 2007 2:27pm
Lol.. i'm sick of gj today..it's been behaving really stubborn. I wish I could unload a few billions.. go long and make it MOVE!
  • #21,254
  • Sep 4, 2007 2:27pm Sep 4, 2007 2:27pm
Quoting mktjong
pppssss .. needle already got into the balloon..

why do you think that?
  • #21,255
  • Sep 4, 2007 2:30pm Sep 4, 2007 2:30pm
Quoting markam
why do you think that?
The resistance already broken (metaphor)
Should go up nicely from here .. hope so.
  • #21,256
  • Sep 4, 2007 2:30pm Sep 4, 2007 2:30pm
dow is pretty much guaranteed to hit 13500 now. GJ seems to be stalled by 234.5
  • #21,257
  • Sep 4, 2007 2:34pm Sep 4, 2007 2:34pm
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Hit SL. Long at 234.26 .. and recovered with one lot..
Any one pl advice.. TP ... is it going to hit 235 ....
Any ideas please...

thanks
All things are difficult before they are easy.
  • #21,258
  • Sep 4, 2007 2:35pm Sep 4, 2007 2:35pm
Looks like a very cautious break out. I hate to jump in now only to see the dow falls in the last half hour. I'm gonna wait until it closes. Hopefully I still get a cheap price.
  • #21,259
  • Sep 4, 2007 2:37pm Sep 4, 2007 2:37pm
Quoting vrama
Hit SL. Long at 234.26 .. and recovered with one lot..
Any one pl advice.. TP ... is it going to hit 235 ....
Any ideas please...

thanks
Zoran was thinking 238 today or tomorrow before going down....
  • #21,260
  • Sep 4, 2007 2:42pm Sep 4, 2007 2:42pm
looks like a retrace to the 15 minute 5sma. might be a good entry point
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