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

  • #37,841
  • Oct 8, 2007 5:39pm Oct 8, 2007 5:39pm
Quoting bmwboyee
needs to break 238.51

it will--just sit back everyone and have patience
  • #37,842
  • Oct 8, 2007 5:39pm Oct 8, 2007 5:39pm
reviewing the financial news slowly leaking out, I could have sworn I caught of whiff of dow 10,000 floating in the air.
  • #37,843
  • Oct 8, 2007 5:40pm Oct 8, 2007 5:40pm
Quoting markam
reviewing the financial news slowly leaking out, I could have sworn I caught of whiff of dow 10,000 floating in the air.

lol--and the bear is fully awake today
  • #37,844
  • Oct 8, 2007 5:42pm Oct 8, 2007 5:42pm
Quoting markam
reviewing the financial news slowly leaking out, I could have sworn I caught of whiff of dow 10,000 floating in the air.
Markam, I am not entirely sure of what the DOW trades like, but it wouldnt make that large of a drop in just a day would it? This would be over time...at least that is what I would think. Anyways, whenever it does, we might as well be yelling timber cuz this babys comin down if it would.
I dream, therefore I become.
  • #37,845
  • Oct 8, 2007 5:42pm Oct 8, 2007 5:42pm
By the way, someone PMed me earlier regarding where I put the SL. Well, I found out it is about 60 pips from entry but still not enough http://www.forexfactory.com/images/icons/icon10.gif. As my morning trade entered @238.82, I adjusted a bit wider to prevent it from stopped out (20 pips above the R1, which is 239.40 + 20 pips = 239.60). Not a good R:R ratio, still working on better one. Let's see
Thanks.
  • #37,846
  • Oct 8, 2007 5:42pm Oct 8, 2007 5:42pm
Quoting mike w
I somehow knew Zoran was gonna bust somebodys balls just now haha Glad I loaded up my shorts earlier today. Going to start scaling out of a few at the 236 area, which probably wont be seen until tomorrow or wednesday but still.
Seriously though, I'm only having some fun. There is nothing definite here and I just play what I see.
  • #37,847
  • Oct 8, 2007 5:44pm Oct 8, 2007 5:44pm
Quoting mrroboto
classic, watch it go back up and enter short when it bounces back 239.25ish, Geppy this is your chance to get out.
I've got a hedge/net short order in for 238.45 Selling before that is just foolish, I'll leave that to the rest of ya
check out my blog: forexmademillionaire dot com
  • #37,848
  • Oct 8, 2007 5:44pm Oct 8, 2007 5:44pm
Quoting Hakuna Matata
lol--and the bear is fully awake today



Since it is 90 degrees outside, no point in hibernating
  • #37,849
  • Oct 8, 2007 5:52pm Oct 8, 2007 5:52pm
Quoting mike w
Markam, I am not entirely sure of what the DOW trades like, but it wouldnt make that large of a drop in just a day would it? This would be over time...at least that is what I would think. Anyways, whenever it does, we might as well be yelling timber cuz this babys comin down if it would.
Lets hope it doesn't drop like that. Unless all hell breaks loose, we are talking an absolute minimum of 6 months. However, the Nikkei did an almost 40% drop in 2.5 months, so hell breaking out can happen.
  • #37,850
  • Oct 8, 2007 5:56pm Oct 8, 2007 5:56pm
Quoting markam
Lets hope it doesn't drop like that. Unless all hell breaks loose, we are talking an absolute minimum of 6 months. However, the Nikkei did an almost 40% drop in 2.5 months, so hell breaking out can happen.
Alright, thank you for the input. I really still need to study that lol
I dream, therefore I become.
  • #37,851
  • Oct 8, 2007 5:56pm Oct 8, 2007 5:56pm
Quoting mike w
Markam, I am not entirely sure of what the DOW trades like, but it wouldnt make that large of a drop in just a day would it? This would be over time...at least that is what I would think. Anyways, whenever it does, we might as well be yelling timber cuz this babys comin down if it would.

Dont get too carried away. This could be just the Daily 5sma retracement which was due yesterday.
  • #37,852
  • Oct 8, 2007 5:58pm Oct 8, 2007 5:58pm
Quoting auslanco
Dont get too carried away. This could be just the Daily 5sma retracement which was due yesterday.
Hey, I assume every 5 pip move is the start of the final collapse.
  • #37,853
  • Oct 8, 2007 5:59pm Oct 8, 2007 5:59pm
Quoting markam
Hey, I assume every 5 pip move is the start of the final collapse.

we know
check out my blog: forexmademillionaire dot com
  • #37,854
  • Oct 8, 2007 6:03pm Oct 8, 2007 6:03pm
Quoting auslanco
Dont get too carried away. This could be just the Daily 5sma retracement which was due yesterday.
Well, as much as I would like it to go down further, but I would agree with Aus on this. The trend is still up
  • #37,855
  • Oct 8, 2007 6:04pm Oct 8, 2007 6:04pm
Quoting auslanco
Dont get too carried away. This could be just the Daily 5sma retracement which was due yesterday.
I understand, as Markam said this DOW collapse could be 6 months in the making. Just for when it does, ill be ready.
I dream, therefore I become.
  • #37,856
  • Oct 8, 2007 6:08pm Oct 8, 2007 6:08pm
Quoting mktjong
Well, as much as I would like it to go down further, but I would agree with Aus on this. The trend is still up

Bulls also running out of steam.. I dont care which way it goes as long as the pair doesnt range like we saw all last week.
  • #37,857
  • Oct 8, 2007 6:09pm Oct 8, 2007 6:09pm
Quoting Zoran
Yep, lets bounce up off 238.5 back to the bottom of the wedge and then down to my target. There is a bit of up in there.
This is what I was talking about in that post above. Price now has to stay below that line and out of the yellow area otherwise longs could still be good. Shorts need to break 238.5 for the H&S to look good.

Off to bed and good night.
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  • #37,858
  • Oct 8, 2007 6:11pm Oct 8, 2007 6:11pm
Quoting auslanco
Bulls also running out of steam.. I dont care which way it goes as long as the pair doesnt range like we saw all last week.
I can only hope you are joking. G/J went up over 400pips last week LOL some range . . .
check out my blog: forexmademillionaire dot com
  • #37,859
  • Oct 8, 2007 6:15pm Oct 8, 2007 6:15pm
Quoting auslanco
Looks like we are heading to 237area
Quoting markam
Are you sure your screen isn't upside down?
another 2 cowboys that trade without analysis. At least without presenting it.

A thousand post members are only because they talk about unrelated to forex questions and answer to newbies. But they do keep forexfactory alive.
  • #37,860
  • Oct 8, 2007 6:17pm Oct 8, 2007 6:17pm
Quoting Geppy
I can only hope you are joking. G/J went up over 400pips last week LOL some range . . .
400pips in a NFP and BoE week ?? I hope your are joking
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