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

  • #54,381
  • Dec 11, 2007 1:47pm Dec 11, 2007 1:47pm
The Beast Is Alive! Its Alive
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #54,382
  • Dec 11, 2007 1:48pm Dec 11, 2007 1:48pm
Quoting moneymagnet
i would just take a guess and say 231 might be unlikely especially if you mean today
Lol.. Bought a small postion at 225.4 SL 225 TP
  • #54,383
  • Dec 11, 2007 1:51pm Dec 11, 2007 1:51pm
Quoting forexnovice
Lol.. Bought a small postion at 225.4 SL 225 TP
This could be a good piece of advice for you Forexnovice; Go with the flow man. Good luck to you on your position.
I dream, therefore I become.
  • #54,384
  • Dec 11, 2007 1:53pm Dec 11, 2007 1:53pm
usa

Is In A Recession.

Carries Will Die Soon.
  • #54,385
  • Dec 11, 2007 1:54pm Dec 11, 2007 1:54pm
Quoting uncleforex
I guess we r going to see 223 very soon. Maybe in the next 24hours . I guess recession for the US is very much confrimed.

Remember the FED is a private bank owned by greedy individuals.

Crashing a market is a faster way to make money then going up slowly from the current point.
Well said uncle
  • #54,386
  • Dec 11, 2007 1:57pm Dec 11, 2007 1:57pm
wow... nice call Aus 200 pips locked in bro
  • #54,387
  • Dec 11, 2007 1:58pm Dec 11, 2007 1:58pm
Quoting uncleforex
usa

Is In A Recession.

Carries Will Die Soon.

Wow, no need to sound so morbid. lol
I dream, therefore I become.
  • #54,388
  • Dec 11, 2007 1:58pm Dec 11, 2007 1:58pm
Quoting mike w
This could be a good piece of advice for you Forexnovice; Go with the flow man. Good luck to you on your position.
Thanx mike w.
  • #54,389
  • Dec 11, 2007 1:58pm Dec 11, 2007 1:58pm
Quoting forexnovice
Lol.. Bought a small postion at 225.4 SL 225 TP
you know i almost did the same thing but i tend to get burned trying to pick tops/bottoms but i did catch a few on the way down (trying to rcover from that long i was in, shhhh dont tell anyone). looking for a good short entry myself but we will see. could shoot to 231
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #54,390
  • Dec 11, 2007 1:59pm Dec 11, 2007 1:59pm
Price has hit the Daily 5SMA Low on my charts, around 225.30. Could be the low area for today.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy daily.gif Size: 34 KB
  • #54,391
  • Dec 11, 2007 2:05pm Dec 11, 2007 2:05pm
Quoting FXStudent
wow... nice call Aus 200 pips locked in bro

yes.. it was very nice call Me still holding that trade
  • #54,392
  • Dec 11, 2007 2:06pm Dec 11, 2007 2:06pm
this is a new one to me but can some senior help me out, I thought the market wanted/expected this rate cut but yet dow is in the red big time. I can understand why it would affect this pair and other "carry" pair or USD pair, interest rate difference affecting carry trades, a few others reason I'm not to sure of. So why is the market taking a beating when they were expecting this?
  • #54,393
  • Dec 11, 2007 2:07pm Dec 11, 2007 2:07pm
Geez ppl still looking to buy g/j?

This could go down another 600pips like last time easily.

Careful on picking bottoms.
  • #54,394
  • Dec 11, 2007 2:08pm Dec 11, 2007 2:08pm
Quoting uncleforex
Geez ppl still looking to buy g/j?

This could go down another 600pips like last time easily.

Careful on picking bottoms.
People like to learn the hard way, hence majority in FX lose.
Trade what you see, not what you think.
  • #54,395
  • Dec 11, 2007 2:08pm Dec 11, 2007 2:08pm
Here's a look at the Weekly Chart. If I am reading the Momentum on it correctly, price opened in the middle of the 5SMA channel, went up to touch the 5SMA High due to the 14c and 1c being turned upward. We now should see the 223 area (Weekly 5SMA Low) before the end of the week, due to the sharp downward turn of the 10c.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy weekly.gif Size: 35 KB
  • #54,396
  • Dec 11, 2007 2:10pm Dec 11, 2007 2:10pm
Quoting my2buoys
Price has hit the Daily 5SMA Low on my charts, around 225.30. Could be the low area for today.

M2B
hmmmm. my daily low is at 224.64? mt4 platform
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #54,397
  • Dec 11, 2007 2:12pm Dec 11, 2007 2:12pm
Quoting khmr
this is a new one to me but can some senior help me out, I thought the market wanted/expected this rate cut but yet dow is in the red big time. I can understand why it would affect this pair and other "carry" pair or USD pair, interest rate difference affecting carry trades, a few others reason I'm not to sure of. So why is the market taking a beating when they were expecting this?
Because the 0.25% rate cut is already fully priced into the market (DOW). That is why when the news broke out 2 weeks ago, that a rate cut was going to be done, dow rallied up over 1000pts.

Bad news because FED only cut the discounted rate at 0.25% instead of 0.5% which many ppl expect them to.

And if you tuned into CNBC now, you can hear the word RECESSION mentioned every few minutes.
  • #54,398
  • Dec 11, 2007 2:12pm Dec 11, 2007 2:12pm
Quoting moneymagnet
hmmmm. my daily low is at 224.64? mt4 platform
Could have been a mistake. Mine is around 225.22 on my MT4. My others agree with it as well.
I dream, therefore I become.
  • #54,399
  • Dec 11, 2007 2:15pm Dec 11, 2007 2:15pm
Quoting moneymagnet
hmmmm. my daily low is at 224.64? mt4 platform
Wah which broker is that? so fishy. But I'm short. So the lower the better.
  • #54,400
  • Dec 11, 2007 2:20pm Dec 11, 2007 2:20pm
Relax Guys! Appreciate everyone's concern. My SL is 40pips with proper MM in place..I am not betting the farm on this trade..
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