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

  • #50,081
  • Nov 14, 2007 3:05am Nov 14, 2007 3:05am
Quoting currinexfx
Hello folks,

I entered short at 230.80 What do you think about short?
Why Short? we are in uptrend yet,
Logic will get you from A to B. Imagination will take you everywhere.
  • #50,082
  • Nov 14, 2007 3:09am Nov 14, 2007 3:09am
Quoting Masmp_FX
Why Short? we are in uptrend yet,
Well, it did close gap and momentum seems to slow down. It might go higher but the longer term is short as many people posted H&S pattern here.
  • #50,083
  • Nov 14, 2007 3:15am Nov 14, 2007 3:15am
Quoting currinexfx
Hello folks,

I entered short at 230.80 What do you think about short?
The typical Frankfurt Hour move stopped at the 232 level AND the Daily R1 line - a great place to take profits on short term longs AND try for a short scalp back towards the Daily M3 - but as that's rather far away, I'd look for a smaller target....100 pips would be great. Dont forget the data in 15 mins.
Trading Levels with WRBs
  • #50,084
  • Nov 14, 2007 3:22am Nov 14, 2007 3:22am
Quoting Islander
The typical Frankfurt Hour move stopped at the 232 level AND the Daily R1 line - a great place to take profits on short term longs AND try for a short scalp back towards the Daily M3 - but as that's rather far away, I'd look for a smaller target....100 pips would be great. Dont forget the data in 15 mins.
Thanks. 100 pips TP that is exactly what I had in mind.
  • #50,085
  • Nov 14, 2007 3:42am Nov 14, 2007 3:42am
Quoting currinexfx
Thanks. 100 pips TP that is exactly what I had in mind.
Rigth now, I have my doubts if it goes down 100 pips, anyway, im out of the market, only going to enter on a reversal
Logic will get you from A to B. Imagination will take you everywhere.
  • #50,086
  • Nov 14, 2007 3:53am Nov 14, 2007 3:53am
Quoting Masmp_FX
Rigth now, I have my doubts if it goes down 100 pips, anyway, im out of the market, only going to enter on a reversal

Stop loss was hit
  • #50,087
  • Nov 14, 2007 3:55am Nov 14, 2007 3:55am
Hmm.. HSBC reported higher revenues based on earnings from Asia.. and it seems that Goldman Sachs is not expecting huge writedowns. This could be positive for carry pairs.
  • #50,088
  • Nov 14, 2007 3:55am Nov 14, 2007 3:55am
Quoting currinexfx
Stop loss was hit
Im out of this crazy market for now, lost 100 pips in my first trade in the morning, then recovered 30, now loking for a reversal, to enter short, until that, i will be out of the marke
Logic will get you from A to B. Imagination will take you everywhere.
  • #50,089
  • Nov 14, 2007 4:26am Nov 14, 2007 4:26am
approaching the 50 / 61.8 fibs
Attached Image (click to enlarge)
Click to Enlarge Name: fibs2.png Size: 17 KB
  • #50,090
  • Nov 14, 2007 4:36am Nov 14, 2007 4:36am
BoE inflation reports hinted at a cut apparently - this will be bearish for the pound.
  • #50,091
  • Nov 14, 2007 5:21am Nov 14, 2007 5:21am
Quoting VishalJ
BoE inflation reports hinted at a cut apparently - this will be bearish for the pound.
...and yet CPI is above their own inflation target
  • #50,092
  • Nov 14, 2007 6:11am Nov 14, 2007 6:11am
move was so fast i only caught a 100 pips and closed. anyone short for the long haul? aus has a target area of 224-225 for the day
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #50,093
  • Nov 14, 2007 6:20am Nov 14, 2007 6:20am
Quoting moneymagnet
move was so fast i only caught a 100 pips and closed. anyone short for the long haul? aus has a target area of 224-225 for the day
Yep that's where my target is
  • #50,094
  • Nov 14, 2007 6:25am Nov 14, 2007 6:25am
Quoting MoForce
Yep that's where my target is
But the pair trying to go up !
  • #50,095
  • Nov 14, 2007 6:27am Nov 14, 2007 6:27am
Quoting Srikanth
But the pair trying to go up !
when u try to catch a falling flame it will burn u bro never enter gj in the middel of a trade
Good judgment comes from experience, and experience comes from bad judgment
  • #50,096
  • Nov 14, 2007 6:32am Nov 14, 2007 6:32am
where are you seeing Auslanco target for today??

TIA
  • #50,097
  • Nov 14, 2007 6:34am Nov 14, 2007 6:34am
Quoting PonziFx
when u try to catch a falling flame it will burn u bro never enter gj in the middel of a trade
  • #50,098
  • Nov 14, 2007 6:35am Nov 14, 2007 6:35am
waiting for a little bit of retrace to enter short
Trade what you see, not what you think.
  • #50,099
  • Nov 14, 2007 6:39am Nov 14, 2007 6:39am
Karmo

Sorry, but hope you never get your retrace... LOL

...off course you can get it...hopefully a small one!!
  • #50,100
  • Nov 14, 2007 6:57am Nov 14, 2007 6:57am
Quoting privatefr
Karmo

Sorry, but hope you never get your retrace... LOL

...off course you can get it...hopefully a small one!!
lol you may take us down now if you wish
Trade what you see, not what you think.
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