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

  • #23,581
  • Sep 9, 2007 5:33pm Sep 9, 2007 5:33pm
Quoting markam
I decided discretion is the better part of valor and closed one of my longs for 10 pips profit. I fully expect GJ to be down close to a 1000 pips this week, so longs are kind of scary.


oh it's going down down baby!
  • #23,582
  • Sep 9, 2007 5:33pm Sep 9, 2007 5:33pm
Quoting markam
I decided discretion is the better part of valor and closed one of my longs for 10 pips profit. I fully expect GJ to be down close to a 1000 pips this week, so longs are kind of scary.
Now that would be a real nice drop.

Are you expecting the Stochs to continue spiraling down this week?

We had a good gap at open at 229.25 down from Friday's close at 229.96.

I do have to say this is one of the first gaps that I have not been interested in trading, I will stand by and let Asia and London come on board before I jump in this thing.

In the meantime, I am going to relax a bit tonight.

If anyone has the date for the Fed decision on Rate change please let me know, I am going to put a hefty lot size on LONG when they drop the rate down a percent.
  • #23,583
  • Sep 9, 2007 5:36pm Sep 9, 2007 5:36pm
Good morning Gentlemen & Ladies
  • #23,584
  • Sep 9, 2007 5:37pm Sep 9, 2007 5:37pm
Quoting monarch
If anyone has the date for the Fed decision on Rate change please let me know, I am going to put a hefty lot size on LONG when they drop the rate down a percent.

don't count too much on a rate cut big guy
i'm pretty sure the feds like what's going on right now
  • #23,585
  • Sep 9, 2007 5:38pm Sep 9, 2007 5:38pm
Good morning Auslanco! it must be real early there!


Frank


Quoting auslanco
Good morning Gentlemen & Ladies
  • #23,586
  • Sep 9, 2007 5:38pm Sep 9, 2007 5:38pm
Quoting auslanco
Good morning Gentlemen & Ladies


aren't u a sexist

morning bud
  • #23,587
  • Sep 9, 2007 5:38pm Sep 9, 2007 5:38pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting auslanco
Good morning Gentlemen & Ladies
couple more months and will agree with you (moving to OZ) until then have a good night.

happy trading to all, back tuesday.
  • #23,588
  • Sep 9, 2007 5:39pm Sep 9, 2007 5:39pm
Quoting auslanco
Good morning Gentlemen & Ladies
Good morning Aus.
  • #23,589
  • Sep 9, 2007 5:39pm Sep 9, 2007 5:39pm
Quoting monarch
If anyone has the date for the Fed decision on Rate change please let me know, I am going to put a hefty lot size on LONG when they drop the rate down a percent.
Hmmm.. first time ever I have seen you on Monday Asian.. Does this man we will have a big move early today Monarc???
  • #23,590
  • Sep 9, 2007 5:41pm Sep 9, 2007 5:41pm
Quoting auslanco
Good morning Gentlemen & Ladies
Good morning!
  • #23,591
  • Sep 9, 2007 5:42pm Sep 9, 2007 5:42pm
Quoting monarch
Now that would be a real nice drop.

Are you expecting the Stochs to continue spiraling down this week?

We had a good gap at open at 229.25 down from Friday's close at 229.96.

I do have to say this is one of the first gaps that I have not been interested in trading, I will stand by and let Asia and London come on board before I jump in this thing.

In the meantime, I am going to relax a bit tonight.

If anyone has the date for the Fed decision on Rate change please let me know, I am going to put a hefty lot size on LONG when they drop the rate down a percent.
Hi

I THINK it is the 18th of September....Calender on Forex Factory should be updated later in the week.

Just curious how long did it take you to take back all the pips you lost as a newbie and also how long have you been trading. sw
The Will is Greater than the Skill
  • #23,592
  • Sep 9, 2007 5:42pm Sep 9, 2007 5:42pm
Quoting lilmoe
aren't u a sexist

morning bud
Bro everything here in down under goes the otherway, including the water in the toilet bowl
  • #23,593
  • Sep 9, 2007 5:46pm Sep 9, 2007 5:46pm
Quoting auslanco
Bro everything here in down under goes the otherway, including the water in the toilet bowl
Mr. 1KT way to go on the trade side and also goodmorning.

Need you professional thoughts on a retracement...after you have some time to view the charts. Just does not seem to want to retract more than 10min chart even though last hour momentum was pointing up for 1hr retracement. sw
The Will is Greater than the Skill
  • #23,594
  • Sep 9, 2007 5:46pm Sep 9, 2007 5:46pm
Any1 settling to enter at any points right now ?
Measure twice, cut once
  • #23,595
  • Sep 9, 2007 5:50pm Sep 9, 2007 5:50pm
Quoting lilmoe
don't count too much on a rate cut big guy
i'm pretty sure the feds like what's going on right now
You can expect some high tension in the political realm coming forth prior to the rate decision. I expect the Democrats to really start screaming "Bad Economy" after November, with the election year coming up.

The cards are being dealt and it is possible that the Fed made a mistake with the emergency rate cut, and probably almost had their heads taken for the drastic move they took.

Even so, I am expecting a rate cut of another 1/2%, especially with over a year to go before the Presidential Election. They don't want this thing to drop all at once, they need it to continue to slowly move downward so the Dems can point their fingers and make statements like "we need change, the Reps can't even keep the economy going."

This is not the first time we have been through these type of market collapse scenario's, and believe me, it won't be the last time either.

I am expecting 2008 election to be one of historical value, and that my friends may just find the U.S. being led by it's first Lady.

Don't quote me on that. LOL
  • #23,596
  • Sep 9, 2007 5:50pm Sep 9, 2007 5:50pm
Quoting auslanco
Good morning Gentlemen & Ladies
hi aus
THE TREND IS UR FRIEND
  • #23,597
  • Sep 9, 2007 5:51pm Sep 9, 2007 5:51pm
Are the Japanese futures up or down?
  • #23,598
  • Sep 9, 2007 5:54pm Sep 9, 2007 5:54pm
Quoting monarch
I am expecting 2008 election to be one of historical value, and that my friends may just find the U.S. being led by it's first Lady.
I hear ya on that!
  • #23,599
  • Sep 9, 2007 5:56pm Sep 9, 2007 5:56pm
I'd like to do three things today.

1) Buy the beer.
2) Offer congratulations and thanks to everyone.
2) Play "keep the pips", as I try to avoid any impulsive trades right now.

Ron http://www.forexfactory.com/images/icons/icon14.gif
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  • #23,600
  • Sep 9, 2007 5:58pm Sep 9, 2007 5:58pm
Quoting auslanco
Hmmm.. first time ever I have seen you on Monday Asian.. Does this man we will have a big move early today Monarc???
Good morning Bro!

I was sitting here doing some chart analysis and seen the big gap come up at open, then my fingers began to twitch, but I reasoned with myself and denied the fact that we are probably going to get a gap fill, I would not entertain this type of trading style, especially with the nice clip down Friday.

Don't trade against the trend, no matter what. LOL

So I figured it would be best to come and chat with all the great folks here on your thread.

I really didn't expect such a bad US report Friday, we should find the Range in the lower spectrum of recent lows of 227.39 on 8.29.07 and possibly down around the 225 area being tested, once we get NY onboard later, we will see our the weekly range areas begin to form.

High range should be in the 228/229 area from the lows on Friday.
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