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

  • #26,481
  • Sep 13, 2007 6:33pm Sep 13, 2007 6:33pm
Quoting lilmoe
damn i hate forex, i said i'm leaving, but i guess i just couldn't help but keep my damn eyes off the screen. this is just too big to miss......


I know how you feel, I just want to get a long in before bed with a low 40 pip risk. It's after midnight here and I don't tend to stay up so late.
  • #26,482
  • Sep 13, 2007 6:33pm Sep 13, 2007 6:33pm
I'll wait to see what Japan wants to do if anything. The PM just quit, they are supposed to be playing it safe.
  • #26,483
  • Sep 13, 2007 6:34pm Sep 13, 2007 6:34pm
Quoting Zoran
I know how you feel, I just want to get a long in before bed with a low 40 pip risk. It's after midnight here and I don't tend to stay up so late.
If you can get 231.10 long Zoran you would have very little risk. If 231.00 is taken out it is short all the way. i will buy there with a very tight stop.I hate to give my money back!
  • #26,484
  • Sep 13, 2007 6:36pm Sep 13, 2007 6:36pm
Quoting Zoran
I know how you feel, I just want to get a long in before bed with a low 40 pip risk. It's after midnight here and I don't tend to stay up so late.

it's 2.30am here.... can barely keep my eyes open.
  • #26,485
  • Sep 13, 2007 6:37pm Sep 13, 2007 6:37pm
Quoting PipChick
If you can get 231.10 long Zoran you would have very little risk. If 231.00 is taken out it is short all the way. i will buy there with a very tight stop.I hate to give my money back!
Here is where I am confused since I am not a news trader. What will happen to g/j if the rate is cut .25? If it is cut .50? and if it is left unchanged? I will not trade it but would love to know. I think any scenario will greatly move the market but I would love to hear opinions.
  • #26,486
  • Sep 13, 2007 6:37pm Sep 13, 2007 6:37pm
I'm still holding short, how's everyone?
  • #26,487
  • Sep 13, 2007 6:38pm Sep 13, 2007 6:38pm
Quoting dragon
I'm still holding short, how's everyone?
holding shorts, be patience
Trade what you see, not what you think.
  • #26,488
  • Sep 13, 2007 6:38pm Sep 13, 2007 6:38pm
Quoting PipChick
If you can get 231.10 long Zoran you would have very little risk. If 231.00 is taken out it is short all the way. i will buy there with a very tight stop.I hate to give my money back!
At the moment I'm thinking of a long at 231.30 with a stop at 230.95. I can't see it going lower than that unless shorts are good.
  • #26,489
  • Sep 13, 2007 6:39pm Sep 13, 2007 6:39pm
hey Karmo--just goin thru last few pages--we seem to have same direction and T/p in place--nice

ps-- we r back below that major 4hr TL we broke out of yesterday

all tech signa are showing bearish continuation

ill wait for that final close of 4hr below 50ema and 100sma to be even more confident of the move south

good luck ya'all
  • #26,490
  • Sep 13, 2007 6:40pm Sep 13, 2007 6:40pm
i'm waiting for the slightest signal to go long
  • #26,491
  • Sep 13, 2007 6:40pm Sep 13, 2007 6:40pm
Quoting Zoran
At the moment I'm thinking of a long at 231.30 with a stop at 230.95. I can't see it going lower than that unless shorts are good.
My last long was 231.24 so that should be good Zoran. You can have your stop beneath 231.00
  • #26,492
  • Sep 13, 2007 6:40pm Sep 13, 2007 6:40pm
I think the trend is still up (4hr). Will look to buy ..
  • #26,493
  • Sep 13, 2007 6:40pm Sep 13, 2007 6:40pm
Quoting PipChick
Here is where I am confused since I am not a news trader. What will happen to g/j if the rate is cut .25? If it is cut .50? and if it is left unchanged? I will not trade it but would love to know. I think any scenario will greatly move the market but I would love to hear opinions.
It depends where price is just before the news. If it is high then I'll assume it's a "Buy the rumour and Sell the news" scenario.
  • #26,494
  • Sep 13, 2007 6:41pm Sep 13, 2007 6:41pm
Quoting Hakuna Matata
hey Karmo--just goin thru last few pages--we seem to have same direction and T/p in place--nice

ps-- we r back below that major 4hr TL we broke out of yesterday

all tech signa are showing bearish continuation

ill wait for that final close of 4hr below 50ema and 100sma to be even more confident of the move south

good luck ya'all
yeah, using your MA's , with my fibs, and auslanco's indicators

what else can i ask for?

I was bearish from the beginning of the week, this last bull run made me worry a bit.. but confidence is coming back
Trade what you see, not what you think.
  • #26,495
  • Sep 13, 2007 6:41pm Sep 13, 2007 6:41pm
Quoting Zoran
At the moment I'm thinking of a long at 231.30 with a stop at 230.95. I can't see it going lower than that unless shorts are good.

shorts could be good buddy
dont assume a trade if its not an ideal setup
the momentum of this thing in the last few hrs is massive-- we have 5 huge bear candles
do go long unless for scalp/small trades

all 4hr and less tf is showing a bear move

why would u want to go long?
  • #26,496
  • Sep 13, 2007 6:42pm Sep 13, 2007 6:42pm
Quoting lilmoe
i'm waiting for the slightest signal to go long
I would only go long with a break of 232.10 or a dip at 231.20-30 area unless you see a quick bounce off of 39.39 is the magic number for now.
  • #26,497
  • Sep 13, 2007 6:42pm Sep 13, 2007 6:42pm
Quoting PipChick
I would only go long with a break of 232.10 or a dip at 231.20-30 area unless you see a quick bounce off of 39.39 is the magic number for now.
But I always try to get as lo as I can when buying dips.
  • #26,498
  • Sep 13, 2007 6:43pm Sep 13, 2007 6:43pm
[quote=karmostaji;1592313]yeah, using your MA's , with my fibs, and auslanco's indicators

what else can i ask for?

seriously-- this is the best cocktail !
  • #26,499
  • Sep 13, 2007 6:44pm Sep 13, 2007 6:44pm
Quoting Hakuna Matata
seriously-- this is the best cocktail !
ahahahahaha it definitely is, if you know how to use all of them properly
Trade what you see, not what you think.
  • #26,500
  • Sep 13, 2007 6:44pm Sep 13, 2007 6:44pm
Quoting PipChick
Here is where I am confused since I am not a news trader. What will happen to g/j if the rate is cut .25? If it is cut .50? and if it is left unchanged? I will not trade it but would love to know. I think any scenario will greatly move the market but I would love to hear opinions.
Everybody is wondering what is going to happen. The assumption (if a cut happens) is that the stock market will go up and the dollar will go down. However, the market has pretty much priced in at least a .25 cut, and I would argue that the market already has anticipated a .5 cut. I think after a brief period of market disruption, I believe we will have both the stock market and the dollar falling.

The more interesting question is how much pressure europe and england can take before they have to reduce their rates to try and stop their currencies from appreciating. I think not much.

Another interesting question is what happens if rates are not cut. Definite negative for the stock market and at least a brief positive for the dollar.
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