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

  • #50,381
  • Nov 15, 2007 6:06am Nov 15, 2007 6:06am
Quoting Pips_Cruiser
I hear you! I might just call it day, and let the market do it's thing for now.

here is a relatively safe play i am long usd/chf why you ask? because the news this morning was bad for chf and news out for us data MAY be good for usd but if its not the downside pip risk shouldnt be all that bad since chf is weak also and traders will not buy into the chf today most likely (at least the big ones) so before you go to sleep maybe if you agree you will speculate that usd news is good or normal and u can wake up with a good surprise if Ino bad us news or lose small maybe your top loss of say 30-40 pips if I am worng? Just make sure you use stop loss as always its a good gamble as upside outweighs downside IMHO
  • #50,382
  • Nov 15, 2007 6:08am Nov 15, 2007 6:08am
Quoting karmostaji
I expect the rest of the day to be bullish, but that's just me. Trade what you see on your chart.
yay me too , my feeling of hittin the bottom previously might just be true , lookin to enter long , waiting for stoch on 1h to cross from os level , u entered already karm ?
To Live is the rarest thing in the world , Most people exist , that is all
  • #50,383
  • Nov 15, 2007 6:10am Nov 15, 2007 6:10am
Quoting dagoods
here is a relatively safe play i am long usd/chf why you ask? because the news this morning was bad for chf and news out for us data MAY be good for usd but if its not the downside pip risk shouldnt be all that bad since chf is weak also and traders will not buy into the chf today most likely (at least the big ones) so before you go to sleep maybe if you agree you will speculate that usd news is good or normal and u can wake up with a good surprise if Ino bad us news or lose small maybe your top loss of say 30-40 pips if I am worng? Just make sure you use stop loss as always its a good gamble as upside outweighs downside IMHO
it might work, but seems against a strong downward trend on the daily chart
  • #50,384
  • Nov 15, 2007 6:11am Nov 15, 2007 6:11am
Quoting karmostaji
If 4H QQE crosses downwards in an hour, then forget the bull coz we'll see new low's.
It is about to cross
  • #50,385
  • Nov 15, 2007 6:12am Nov 15, 2007 6:12am
howdy ya'all

i hope everyones lovin it so far

  • #50,386
  • Nov 15, 2007 6:12am Nov 15, 2007 6:12am
Quoting karmostaji
If 4H QQE crosses downwards in an hour, then forget the bull coz we'll see new low's.
karm,

really appreciate ur help in giving us a better understanding of fibs!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #50,387
  • Nov 15, 2007 6:13am Nov 15, 2007 6:13am
Quoting Hakuna Matata
howdy ya'all

i hope everyones lovin it so far

i know u are with those 10 standard lot trades
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #50,388
  • Nov 15, 2007 6:13am Nov 15, 2007 6:13am
Quoting maheswara
yay me too , my feeling of hittin the bottom previously might just be true , lookin to enter long , waiting for stoch on 1h to cross from os level , u entered already karm ?
I have 1 long and SL is at +1 , so it doesn't matter what happens
Trade what you see, not what you think.
  • #50,389
  • Nov 15, 2007 6:16am Nov 15, 2007 6:16am
Quoting moneymagnet
karm,

really appreciate ur help in giving us a better understanding of fibs!
Fibs say we should make a new low but it's possible to re-test 23.6% (227.60) or maybe even 38.2% (229.70) , let's see what the DOW has to say today.
Trade what you see, not what you think.
  • #50,390
  • Nov 15, 2007 6:17am Nov 15, 2007 6:17am
Quoting dagoods
here is a relatively safe play i am long usd/chf why you ask? because the news this morning was bad for chf and news out for us data MAY be good for usd but if its not the downside pip risk shouldnt be all that bad since chf is weak also and traders will not buy into the chf today most likely (at least the big ones) so before you go to sleep maybe if you agree you will speculate that usd news is good or normal and u can wake up with a good surprise if Ino bad us news or lose small maybe your top loss of say 30-40 pips if I am worng? Just make sure you use stop loss as always its a good gamble as upside outweighs downside IMHO
Dude, the overall trend has been down. Just one little news about CHF isn't going to change the overall trend for USD/CHF. If you want to scalp, that's ok but one would personally suggest to do your homework. One has previously stated that we find a lot of traders that trade currencies but don't know the fundamentals as to what drives a currency up or down. When you can grasp the fundamentals along with the technicals, you can minimize your losses and become successful traders.
Humble Lifetime Member
  • #50,391
  • Nov 15, 2007 6:18am Nov 15, 2007 6:18am
I see 227.50 and 228.50 as being the high if we get that far then perhaps back down to 224 and 222.40/50 being the low for the week. . .
  • #50,392
  • Nov 15, 2007 6:24am Nov 15, 2007 6:24am
Quoting peterM
it might work, but seems against a strong downward trend on the daily chart

i hear ya thats why i am calling this one a gamble...... usd/cad is the same play if u like that chart better.... its a speculative gamble (thinking like a gambler now instead of a trader) just like getting 2:1 on the underdog for the game tonight thats all....this trade not for the weak a gambler must be willing to lose thanks for the input though its probably a bad trade but I will gamble on it
  • #50,393
  • Nov 15, 2007 6:32am Nov 15, 2007 6:32am
Quoting Ash
Dude, the overall trend has been down. Just one little news about CHF isn't going to change the overall trend for USD/CHF. If you want to scalp, that's ok but one would personally suggest to do your homework. One has previously stated that we find a lot of traders that trade currencies but don't know the fundamentals as to what drives a currency up or down. When you can grasp the fundamentals along with the technicals, you can minimize your losses and become successful traders.

thank you for your input i really appreciate it..... i am not looking at daily chart... dont think fundamentals matter too much for scalping i am looking 15 min charts...maybe this is my mistake... usd/cad is better looking chart for this type of gamble at least the 1 hour and 30 min and 15 mins YOU ARE PROBABLY RIGHT THIS IS A TERRRIBLE IDEA MOST LIKELY SO THANK YOU but unfortunately I already took the trade and have to wait it out.
  • #50,394
  • Nov 15, 2007 6:51am Nov 15, 2007 6:51am
is effi out there yet?
  • #50,395
  • Nov 15, 2007 6:55am Nov 15, 2007 6:55am
Quoting dagoods
is effi out there yet?
I think you are in the wrong thread.
Trade what you see, not what you think.
  • #50,396
  • Nov 15, 2007 7:07am Nov 15, 2007 7:07am
Quoting karmostaji
I think you are in the wrong thread.
not at all.... i am bearish gpy today but waiting on usd data..... what about you do u dare to take a position today?
Originally Posted by karmostaji http://www.forexfactory.com/images/buttons/viewpost.gif
The battle between me and markam is still on

I've said 251+ by the end of the year, markam said 210


I say that if you avergae 210 and 251 u get 230.50 by the end of the year and u two are both right!
  • #50,397
  • Nov 15, 2007 7:23am Nov 15, 2007 7:23am
Lookout below, tons of bad credit news on the wires.
Patience + Humility + Study = Success
  • #50,398
  • Nov 15, 2007 7:30am Nov 15, 2007 7:30am
usd data out early in line with expectations
  • #50,399
  • Nov 15, 2007 7:33am Nov 15, 2007 7:33am
Quoting DutchTrader
Lookout below, tons of bad credit news on the wires.

where is this bad credit news? is it worse than expectations or better than expectations? BIG DIFFERENCE. For example a 2.7 bill writedown when analysts thought it would be 10 billion can actually be good news what have u heard?
  • #50,400
  • Nov 15, 2007 7:34am Nov 15, 2007 7:34am
Quoting dagoods
usd data out early in line with expectations

How will this data affect GBP/JPY? Any comments? Thanks.
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