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

  • #30,441
  • Sep 20, 2007 7:25pm Sep 20, 2007 7:25pm
Good to hear that Markam...

Quoting markam
I'm not the least bit nervous. I opened up new shorts when we hit 231 and the Japanese stock market opened negative. Time to watch a movie and wait to collect my money.
  • #30,442
  • Sep 20, 2007 7:26pm Sep 20, 2007 7:26pm
Quoting alan003
is anyone short? a bit nervous if its a reversal
lool

i'm also about to be short

sit tight and don't worry, even if it is, we're still going to make pips
  • #30,443
  • Sep 20, 2007 7:26pm Sep 20, 2007 7:26pm
Hello Markam,

i also just went short, but i think aus stop is too tight for my new position. His sl is at 231.28, what would you suggest. Also my 5sma daily is at 231.40, thank you very much Markam.

Eugen

Quoting markam
I'm not the least bit nervous. I opened up new shorts when we hit 231 and the Japanese stock market opened negative. Time to watch a movie and wait to collect my money.
  • #30,444
  • Sep 20, 2007 7:27pm Sep 20, 2007 7:27pm
Quoting alan003
is anyone short? a bit nervous if its a reversal
I also bought more shorts at 231. I will take the great advice here and be patient . Money management is great ti allows you to wait for the trade to develop.


May the Pips be With you
  • #30,445
  • Sep 20, 2007 7:32pm Sep 20, 2007 7:32pm
hii..is anyone still holding on to the shorts taken arnd 230 area?? karmo buddy u still got the short from 229.90?

Quoting Cardiac
I also bought more shorts at 231. I will take the great advice here and be patient . Money management is great ti allows you to wait for the trade to develop.


May the Pips be With you
  • #30,446
  • Sep 20, 2007 7:32pm Sep 20, 2007 7:32pm
Momentum on all my TF's looks bullish, though during low volatility momentum can't always be trusted. If it continues we could see the 1H 50EMA which is around 231.25. The 15M, 30M and 1H QQE's are all crossed up and we are above the Daily Pivot which I calculate to be around 230.95. The 4H 50EMA is around 231.40, and the 4H TFT is around 231.80, which is also the 50% Fib of the last move down as shown on a 4H chart. I think 231.80 is very achievable at this point.

M2B
Attached Image (click to enlarge)
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  • #30,447
  • Sep 20, 2007 7:33pm Sep 20, 2007 7:33pm
Quoting dxbtrader
hii..is anyone still holding on to the shorts taken arnd 230 area?? karmo buddy u still got the short from 229.90?
holding shorts from 229.90 plus others
Success has a Thousand Fathers.
  • #30,448
  • Sep 20, 2007 7:35pm Sep 20, 2007 7:35pm
231.40 area is 1hr 200sma if break thru here with authority shorts could be in trouble
  • #30,449
  • Sep 20, 2007 7:35pm Sep 20, 2007 7:35pm
Quoting kayman
holding shorts from 229.90 plus others
uh oh!
  • #30,450
  • Sep 20, 2007 7:38pm Sep 20, 2007 7:38pm
Could be heading for r1. I'm long now.
  • #30,451
  • Sep 20, 2007 7:41pm Sep 20, 2007 7:41pm
Well, this retrace has finally made it to the daily 5 SMA region (according to my charts). I'm short @ 231.47. Let's head south!
  • #30,452
  • Sep 20, 2007 7:41pm Sep 20, 2007 7:41pm
morning boys
added to my shorta t 231.50
  • #30,453
  • Sep 20, 2007 7:41pm Sep 20, 2007 7:41pm
well, go to sleep , good night everyone
  • #30,454
  • Sep 20, 2007 7:42pm Sep 20, 2007 7:42pm
Now that was a nice bounce off the 200 but it has tocontinue if you are short off the bounce be careful
  • #30,455
  • Sep 20, 2007 7:44pm Sep 20, 2007 7:44pm
Well, I hate to say that but I have noticed it a couple of times at least, when US treasuries closed high and this pair is down then around Japanese session all the pips come back and hit high.
Unfortunately all the longs that I took this morning already been stopped out. I should have waited until Asian session http://www.forexfactory.com/images/icons/icon12.gif
Anyway, that's alright you can't win every time. Waiting for a new opportunity. Good luck to you all
  • #30,456
  • Sep 20, 2007 7:45pm Sep 20, 2007 7:45pm
Quoting bballfan31
231.40 area is 1hr 200sma if break thru here with authority shorts could be in trouble
I know you all hate me but I have been long since 229.64 because 229.47 was the 78.6 % fib which indicates a trend reversal. So if you buy at that very very important fib level and put your stop loss just below it your risk is very minimal with a potential of 200 pip gain.. There was also a sloping trendline at the 78.6 and the cci was turning up to indicate the downward move was over. Also the hourly chart formed a swing lo indicating a reversal as did the 4 hour chart in order to keep me in the trade.
  • #30,457
  • Sep 20, 2007 7:45pm Sep 20, 2007 7:45pm
Sterling/Dollar is up. That's what's throwing a wrench in the shorts. I'm out now- let a decent winner turn into a loser.
Is your SL my TP?
  • #30,458
  • Sep 20, 2007 7:47pm Sep 20, 2007 7:47pm
Quoting PipChick
I know you all hate me but I have been long since 229.64 because 229.47 was the 78.6 % fib which indicates a trend reversal. So if you buy at that very very important fib level and put your stop loss just below it your risk is very minimal with a potential of 200 pip gain.. There was also a sloping trendline at the 78.6 and the cci was turning up to indicate the downward move was over. Also the hourly chart formed a swing lo indicating a reversal as did the 4 hour chart in order to keep me in the trade.
Aus's indicators and trading style compliments this sneaky little trade perfectly. Its a shame we cant all work together cause we could book even more pips than we already do.
  • #30,459
  • Sep 20, 2007 7:49pm Sep 20, 2007 7:49pm
Quoting PipChick
Aus's indicators and trading style compliments this sneaky little trade perfectly. Its a shame we cant all work together cause we could book even more pips than we already do.
Off to bed. I hope everyone wakes up with pips in their pockets!!!
  • #30,460
  • Sep 20, 2007 7:50pm Sep 20, 2007 7:50pm
now I'm officially.......

sleepinginadumpster

thanks My2buoys
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