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

  • #42,441
  • Oct 21, 2007 5:14pm Oct 21, 2007 5:14pm
Quoting auslanco
Yes still long . it's a swing trade.
hey aus where do you think the next level of resistance is to stop this freefall.
  • #42,442
  • Oct 21, 2007 5:15pm Oct 21, 2007 5:15pm
Wow, what a fantastic gap.

We might hit my predicted 232 faster than I thought, but I am with Auslanco, we will have a bull candle this week overall me thinks.
  • #42,443
  • Oct 21, 2007 5:16pm Oct 21, 2007 5:16pm
Quoting auslanco
Daily:

80% bearish. Retracement up to 235.40 is possible to cover the weekend gap.
The pair could dip for new low's later today.
However the price is currently sitting on a strong support(233.90-234.10)

Obviously your fellow australians didn't think 233.9 was so tough. I would say they broke it.
  • #42,444
  • Oct 21, 2007 5:17pm Oct 21, 2007 5:17pm
1hr 5sma at 234.56 which is like 150pips away.
  • #42,445
  • Oct 21, 2007 5:18pm Oct 21, 2007 5:18pm
Quoting haliker
hey aus where do you think the next level of resistance is to stop this freefall.

I dont call this a free fall... This is a typical large weekend swing right after a big news week.

Free fall is yet to come.
  • #42,446
  • Oct 21, 2007 5:19pm Oct 21, 2007 5:19pm
so what about gpb/usd ?
will raise up to 550 ?
  • #42,447
  • Oct 21, 2007 5:23pm Oct 21, 2007 5:23pm
Quoting auslanco
Yes still long . it's a swing trade.
Thats right I forgot you had a 300 pip stop loss from Friday... hope the holiday is going good!!!!
{Spam Removed}
  • #42,448
  • Oct 21, 2007 5:26pm Oct 21, 2007 5:26pm
Why wanna hold a losing trade?

Rather go with the flow which is down ?

Who knows how deep this down move could become?

Always use SL.
  • #42,449
  • Oct 21, 2007 5:28pm Oct 21, 2007 5:28pm
Quoting Saintjay
Thats right I forgot you had a 300 pip stop loss from Friday... hope the holiday is going good!!!!

I'm expecting a pullback/ consolidation upto 235.40 area after Tokyo start
  • #42,450
  • Oct 21, 2007 5:30pm Oct 21, 2007 5:30pm
Quoting uncleforex
Why wanna hold a losing trade?

Rather go with the flow which is down ?

Who knows how deep this down move could become?

Always use SL.

thanks for the tip uncle
  • #42,451
  • Oct 21, 2007 5:30pm Oct 21, 2007 5:30pm
Quoting auslanco
I'm expecting a pullback/ consolidation upto 235.40 area after Tokyo start

  • #42,452
  • Oct 21, 2007 5:31pm Oct 21, 2007 5:31pm
Good morning everyone ...

I wake up just now to see -233 pip on my first trade i learn to swing . registering 10% of my account in float ..
  • #42,453
  • Oct 21, 2007 5:47pm Oct 21, 2007 5:47pm
is there pretty strong resistance at 233? It doesnt appear to be able to break through this right now.
  • #42,454
  • Oct 21, 2007 5:49pm Oct 21, 2007 5:49pm
Quoting haliker
is there pretty strong resistance at 233? It doesnt appear to be able to break through this right now.
I am wondering the same thing. Looks to be holding.
Losers Complain, Winners Train! Utah
  • #42,455
  • Oct 21, 2007 5:51pm Oct 21, 2007 5:51pm
Quoting auslanco
thanks for the tip uncle
LOL
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #42,456
  • Oct 21, 2007 5:52pm Oct 21, 2007 5:52pm
Quoting Zoran
Closed two of my most vulnerable entries just before market close (40 pips short of target). See charts, first has the bottom green dashed line and removed in second chart - two entries at same price.

Sell price 237.78 (x2) and closed at 234.88 (-7 pip spread) = (290 - 7) x 2 = 566 pips.

Negative interest is 57 pips x 2 = 114 pips

Total banked = 452 pips (in 10 trading days)

5 entries remaining on Guppy and 2 on Euppy.
My bro-ker opens late (11pm London time), which worked in my favour this time. Entry at 237.80 reached its TP (234.50) but was filled at 234.04. Profit on this one was 376 pips minus 61 in negative interest making a total of 315.

Total pips banked so far is 767.

4 GJ entries remaining: 2 (237.88, 238.06) with target 231.50 and 2 (238.06, 238.80) with target 221.50. 2 EJ entries (165.09, 166.73) with target 160.00. Stop on GJ moved to 237.25 (on all entries).

Total unrealised pips on GJ = 2128 (from price at 233.00) and EJ = 582 (from price at 163.00) totalling 2710 pips (minus negative interest).

I expect Guppy to bounce hard (north) off my next target (231.50 region) - meaning I will enter long around there. Bed time here so a good night to all!
  • #42,457
  • Oct 21, 2007 5:53pm Oct 21, 2007 5:53pm
Quoting auslanco
thanks for the tip uncle
Why do you expect a pullback to the 235.40 area Aus?
It seems to be very strong down trend. Just wondering if you are seeing something I am not.
Also, do you expect it to break the lo (232.85) before the pullback occurs?
  • #42,458
  • Oct 21, 2007 6:01pm Oct 21, 2007 6:01pm
I see a weekly trend line has been penetrated. We are also trading below the 50 ema on the weekly. Zor may get his 231.50 target before this bounces.
  • #42,459
  • Oct 21, 2007 6:15pm Oct 21, 2007 6:15pm
Quoting PipChick
Why do you expect a pullback to the 235.40 area Aus?
It seems to be very strong down trend. Just wondering if you are seeing something I am not.
Also, do you expect it to break the lo (232.85) before the pullback occurs?
bcoz hes the magician with karmo's magic stick
  • #42,460
  • Oct 21, 2007 6:17pm Oct 21, 2007 6:17pm
Quoting em-pay
bcoz hes the magician with karmo's magic stick
Cool..I will go ahead and put a buy in then..lol Karm...whats that magic stick saying??? lol
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