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

  • #46,141
  • Oct 31, 2007 9:17am Oct 31, 2007 9:17am
aus, karmo

do you guys have any open trade?
  • #46,142
  • Oct 31, 2007 9:23am Oct 31, 2007 9:23am
TQ, got that zoran..i also already closed my long at 238.91 with 80+ pips...just considering
  • #46,143
  • Oct 31, 2007 9:26am Oct 31, 2007 9:26am
Guys,

when in doubt, STAY OUT. we will get our trades this week no need to rush. i have taken 2 trades this week, one for +95 and another for +150 so i am not in a rush to give it back or add to it. remember, with proper mm 50 pips per week (compounding) would make u a Millionaire in 2 years (+/-, obviously depending on the size of your account) Karm does have an EXTRA STRENGTH Patience Pill if you need one. LOL
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #46,144
  • Oct 31, 2007 9:27am Oct 31, 2007 9:27am
Quoting auslanco
If no rate cuts, I will chop my legs off to go short for sweet 500 pips. 4hr and 1hr are on extremely OB.
I'm totally with you, and I expect no-rate cut.

4hrs to go.
Trade what you see, not what you think.
  • #46,145
  • Oct 31, 2007 9:30am Oct 31, 2007 9:30am
Karmo, please prescribe an extra strength patience pill cause I need it bad I am short 237. :-(
  • #46,146
  • Oct 31, 2007 9:32am Oct 31, 2007 9:32am
Quoting vinesh2
Karmo, please prescribe an extra strength patience pill cause I need it bad I am short 237. :-(
If you use good money management, you should not worry. But if you have risked 50% of your account, then what can I say.

It's all about money management, if you don't know what it is.. read about it.
Trade what you see, not what you think.
  • #46,147
  • Oct 31, 2007 9:36am Oct 31, 2007 9:36am
A photo of Aus and Karmo after fed action. Though I think you should save a leg for another day?
Attached Image
  • #46,148
  • Oct 31, 2007 9:38am Oct 31, 2007 9:38am
Quoting karmostaji
I'm totally with you, and I expect no-rate cut.

4hrs to go.
Karmo bro, Are you short yet?
  • #46,149
  • Oct 31, 2007 9:38am Oct 31, 2007 9:38am
Quoting vinesh2
Karmo, please prescribe an extra strength patience pill cause I need it bad I am short 237. :-(
Oh dear.....One thing i use to do waz just switch off my computer and come back at a designated time......

it works if you got other stuff to do i guess....
  • #46,150
  • Oct 31, 2007 9:39am Oct 31, 2007 9:39am
heads up guys...bearish bat 1hr gbp/jpy - good r/r
  • #46,151
  • Oct 31, 2007 9:39am Oct 31, 2007 9:39am
Quoting gau2902
Karmo bro, Are you short yet?
only if I was crazy, if fed says 'no-rate cut' , I'm going to make GJ wear all different kinds of shorts for a whole damn week!
Trade what you see, not what you think.
  • #46,152
  • Oct 31, 2007 9:40am Oct 31, 2007 9:40am
this is nuts... OB levels are so high.. and it creeps up more... lolx..
whether there is a rate cut or not.. it has to come down a bit at least some sort of retrace.. but i am with aus and the rest that this should drop.. well hopefully 500 - 1000 pips over the next few days
  • #46,153
  • Oct 31, 2007 9:41am Oct 31, 2007 9:41am
Quoting karmostaji
only if I was crazy, if fed says 'no-rate cut' , I'm going to make GJ wear all different kinds of shorts for a whole damn week!
starting with Bermuda right?
Patience + Humility + Study = Success
  • #46,154
  • Oct 31, 2007 9:42am Oct 31, 2007 9:42am
Quoting DutchTrader
starting with Bermuda right?
LOL Ofcourse, a pink one
Trade what you see, not what you think.
  • #46,155
  • Oct 31, 2007 9:44am Oct 31, 2007 9:44am
What are the repercussions if there is a .25 rate cut? How high are we going cause all the big news sources are expecting a rate cut
  • #46,156
  • Oct 31, 2007 9:48am Oct 31, 2007 9:48am
Quoting vinesh2
What are the repercussions if there is a .25 rate cut? How high are we going cause all the big news sources are expecting a rate cut
That is priced in already, to me if we get no-rate cut or a 25bp, this thing should drop soon after the news, but if we get a 50bp then i don't know where this thing is going to go, but a huge retracement is due regardless of news.
Trade what you see, not what you think.
  • #46,157
  • Oct 31, 2007 9:48am Oct 31, 2007 9:48am
We might see $100 a barrel of oil (or close to it) if there is a rate cut coupled with the latest news on oil inventory. what do you think Markam?
Humble Lifetime Member
  • #46,158
  • Oct 31, 2007 9:49am Oct 31, 2007 9:49am
Quoting Zoran
Longs? I think you are a bit late. My last remaining long from 237.09 has almost reached target at 239.30. Stop is at 237.80 (locked in 70 pips).
I closed my long 3 pips short of target so 220 pips banked. Current high is one pip off at 239.29.
  • #46,159
  • Oct 31, 2007 9:50am Oct 31, 2007 9:50am
Quoting auslanco
If no rate cuts, I will chop my legs off to go short for sweet 500 pips. 4hr and 1hr are on extremely OB.
Yeah im with you Aus!And thinking for oppening of a third short position in the are of 240(if we get there ofcourse).Don't you think that there'll be a big move down,no matter if they 'll cut rates or not(coz as you said we are in extremely OB area)?
  • #46,160
  • Oct 31, 2007 9:50am Oct 31, 2007 9:50am
Quoting Zoran
I closed my long 3 pips short of target so 220 pips banked. Current high is one pip off at 239.29.
check the bearish gartley forming on UJ 4h chart.
Trade what you see, not what you think.
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