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

  • #24,901
  • Sep 11, 2007 3:49pm Sep 11, 2007 3:49pm
Quoting lilmoe
If it goes to 232.75 area, I'll short, I've got a TL and a fibo there
Trade what you see, not what you think.
  • #24,902
  • Sep 11, 2007 3:49pm Sep 11, 2007 3:49pm
and then there was silence............



i bet everyone's eyes became one part with their screens
  • #24,903
  • Sep 11, 2007 3:51pm Sep 11, 2007 3:51pm
Quoting bmwboyee
I don't understand why everyone thinks this is going down. is it because you have shorts in?

tell me about it
  • #24,904
  • Sep 11, 2007 3:51pm Sep 11, 2007 3:51pm
Quoting karmostaji
I don't see it going any higher than it has, for now
Are you holding any short position in G/J?
  • #24,905
  • Sep 11, 2007 3:52pm Sep 11, 2007 3:52pm
Quoting bmwboyee
I don't understand why everyone thinks this is going down. is it because you have shorts in?

This pair has to exhale sometime...its been a long time coming...I just keep inching my stop closer and closer waiting for the break.
  • #24,906
  • Sep 11, 2007 3:53pm Sep 11, 2007 3:53pm
Quoting bmwboyee
I don't understand why everyone thinks this is going down. is it because you have shorts in?
based on my fibs, we are still retracing from the last fall, I'll change my view to bullish only if 4h candle closes above 233.50 area

GJ will complete 76.4% retracement at 232.75
Trade what you see, not what you think.
  • #24,907
  • Sep 11, 2007 3:54pm Sep 11, 2007 3:54pm
Quoting ar1002
Are you holding any short position in G/J?
No shorts for me
  • #24,908
  • Sep 11, 2007 3:54pm Sep 11, 2007 3:54pm
self-fulfilling prophecy....im hoping because i think it will go down and therefore i went short, that i will go short...

thats my reasoning
  • #24,909
  • Sep 11, 2007 3:54pm Sep 11, 2007 3:54pm
Quoting ar1002
Are you holding any short position in G/J?
no, I didn't trade this week except for closing 2 shorts at the beginning of the week when we had that huge gap
Trade what you see, not what you think.
  • #24,910
  • Sep 11, 2007 3:57pm Sep 11, 2007 3:57pm
Quoting Azili
This pair has to exhale sometime...its been a long time coming...I just keep inching my stop closer and closer waiting for the break.
have you seen the past month with this pair. it has dropped from 244 to 227. this move to 232 is just a small climb.
  • #24,911
  • Sep 11, 2007 3:57pm Sep 11, 2007 3:57pm
Quoting PipChick
No shorts for me
I will buy bounces once it retraces a bit because it is in an uptrend currently.
  • #24,912
  • Sep 11, 2007 4:03pm Sep 11, 2007 4:03pm
beautiful, beautiful i say

i'm like out of speech, thing just closed over the trendline

Attached Image
  • #24,913
  • Sep 11, 2007 4:04pm Sep 11, 2007 4:04pm
Quoting msheno01
self-fulfilling prophecy....im hoping because i think it will go down and therefore i went short, that i will go short...

thats my reasoning
So, a third type of trader. Now we have technical, fundamental, and hopeful!

Ron http://www.forexfactory.com/images/icons/icon12.gif
  • #24,914
  • Sep 11, 2007 4:08pm Sep 11, 2007 4:08pm
[quote=lilmoe;1587771]beautiful, beautiful i say

i'm like out of speech, thing just closed over the trendline
quote]


Attached Image (click to enlarge)
Click to Enlarge Name: h4-major_trendline.gif Size: 16 KB


Attached Image (click to enlarge)
Click to Enlarge Name: h4-major_trendline2.gif Size: 21 KB
  • #24,915
  • Sep 11, 2007 4:10pm Sep 11, 2007 4:10pm
this might retrace back to 4h 5sma, it's a good chance for the shorties to close their positions by then
  • #24,916
  • Sep 11, 2007 4:13pm Sep 11, 2007 4:13pm
Quoting lilmoe
this might retrace back to 4h 5sma, it's a good chance for the shorties to close their positions by then

Mate decide is it breaking the tl or will retrace
  • #24,917
  • Sep 11, 2007 4:14pm Sep 11, 2007 4:14pm
I'm long again @ 232.39. Technicals still have a bullish 15 min stragtegy. Fundamentals have a favorable Dow. Hopefuls see things turning out well!

I watched "The Secret" the other day, and it lends solid support to the hopefuls. We'll see just how much.
  • #24,918
  • Sep 11, 2007 4:16pm Sep 11, 2007 4:16pm
Quoting brok
Mate decide is it breaking the tl or will retrace
Trade what you see, not what you think.
  • #24,919
  • Sep 11, 2007 4:18pm Sep 11, 2007 4:18pm
Quoting brok
Mate decide is it breaking the tl or will retrace

breaking the TL means UP, but before UP there is always a small itsy bitsy down (retrace)
  • #24,920
  • Sep 11, 2007 4:19pm Sep 11, 2007 4:19pm
Quoting karmostaji

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