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

  • #55,761
  • Dec 20, 2007 10:07am Dec 20, 2007 10:07am
Quoting doughboi
What happened to all the guys last night that were like, "BUY BUY BUY", "IT CANT GO ANY LOWER", "IT WILL HAVE TO RETRACE 150 pips from here!!" ....trying to sound like they knew what they were talking about. All the while i was just laughing saying "LOOK AT THE DAMN CHARTS".......you cant play the guessing game in forex.
....Look Here Ladies and Gentlemen....A real Pro...
  • #55,762
  • Dec 20, 2007 10:07am Dec 20, 2007 10:07am
Quoting doughboi
What happened to all the guys last night that were like, "BUY BUY BUY", "IT CANT GO ANY LOWER", "IT WILL HAVE TO RETRACE 150 pips from here!!" ....trying to sound like they knew what they were talking about. All the while i was just laughing saying "LOOK AT THE DAMN CHARTS".......you cant play the guessing game in forex.
well said
  • #55,763
  • Dec 20, 2007 10:07am Dec 20, 2007 10:07am
Quoting my2buoys
Or if DOW decides to tank! Hmmmmm. Bought a long at 223.76. Let's see where she goes.

M2B
Metoo M2b. Nice price with small risk. If this lo is broke, we know the trade is wrong.
  • #55,764
  • Dec 20, 2007 10:09am Dec 20, 2007 10:09am
Quoting quecee5
Praying to the pip GOD????? Best one so far today!
Yes..in my younger forex days, I did a lot of pip god praying. lolol
  • #55,765
  • Dec 20, 2007 10:12am Dec 20, 2007 10:12am
Guys, maybe its just me but stoch/macd on a daily chart look to have more room for this one to move lower. Not sure how long this 223.68 support may hold. Also, not sure of a significant bounce back up to 227 or even close before a move lower. The reason I say this is UJ looks like it may be headed toward 112.50/60 support which could pull GJ down further. GU looks like it has found support but could move down to 1.9800/1.9810 area still. . .

I'm still short until I see signs of a reversal. . .
  • #55,766
  • Dec 20, 2007 10:14am Dec 20, 2007 10:14am
UJ is near the bottom of its range. If GU can settle and UJ bounce back to the top, we can get a little retrace....that looks like the best we can hope for short term. Of course, I could always put on a hedge...that would mean an immediate 200 pip retrace!!!! lol
  • #55,767
  • Dec 20, 2007 10:14am Dec 20, 2007 10:14am
Quoting PipChick
Yes..in my younger forex days, I did a lot of pip god praying. lolol
Not again......ROFLMAO...
  • #55,768
  • Dec 20, 2007 10:14am Dec 20, 2007 10:14am
Quoting quecee5
Guys, maybe its just me but stoch/macd on a daily chart look to have more room for this one to move lower. Not sure how long this 223.68 support may hold. Also, not sure of a significant bounce back up to 227 or even close before a move lower. The reason I say this is UJ looks like it maybe headed toward 112.50/60 support which could pull GJ down further. GU looks like it has found support but could move down to 1.9800/1.9810 area still. . .

I'm still short until I see signs of a reversal. . .
I will exit about 15 pips below the lo.
Edit..if that breaks, she isnt done tanking.223.55 is the 11.8 of the move down from 251. The 11.8 is a great fib to use.
  • #55,769
  • Dec 20, 2007 10:18am Dec 20, 2007 10:18am
Quoting forexnovice
....Look Here Ladies and Gentlemen....A real Pro...


Yea, pro enough not to buy on every freakin dip like the rest of you guys. I may not be a pro, but considering that im 19 and almost making as much money as my dad....I think im good enough
  • #55,770
  • Dec 20, 2007 10:18am Dec 20, 2007 10:18am
Quoting forexnovice
Not again......ROFLMAO...
forexnovice - STOP IT, JUST STOP IT! You're going to get me started again!
  • #55,771
  • Dec 20, 2007 10:19am Dec 20, 2007 10:19am
Quoting doughboi
Yea, pro enough not to buy on every freakin dip like the rest of you guys. I may not be a pro, but considering that im 19 and almost making as much money as my dad....I think im good enough
Can I marry you wealthy man?
  • #55,772
  • Dec 20, 2007 10:22am Dec 20, 2007 10:22am
okay , be careful , now the GBP is ready for MAY be a little bounce , but I do not see any power for trend change or a real big bounce... be careful... it should go down for more...
Imagination is more important than knowledge. -- Albert Einstein
  • #55,773
  • Dec 20, 2007 10:23am Dec 20, 2007 10:23am
Quoting PipChick
Can I marry you wealthy man?
PIPCHICK...STOP IT...ROFLMAO.....ROFLMAO.....

Doughboi....mebbe u missed my earlier posts...Good Luck Young Man

Quecee5....Sorry Cant help it....
  • #55,774
  • Dec 20, 2007 10:24am Dec 20, 2007 10:24am
Quoting doughboi
Yea, pro enough not to buy on every freakin dip like the rest of you guys. I may not be a pro, but considering that im 19 and almost making as much money as my dad....I think im good enough
trade long enough and that could easily change. . .

People in this forum have vastly different trading styles. Some trade long term, some short-term and many scalp. Therefore, a buy or sell could be short term if you know a bounce in coming for 20, 30, 40 pips so on and so forth. Or a buy could be buy and hold for 2-3-4 days with a million dollar margin you never know. . .

Ultimately, we must trade what we see and don't worry about what others are posting as we are all here to share our opinions and thought process.
  • #55,775
  • Dec 20, 2007 10:25am Dec 20, 2007 10:25am
PipGod came down from heaven one day and told me not to trade against the trend then he will listen to my prayers... so I did that. Since then at S/R levels I pray that pipgod takes that out instead of holding price at S/R not the otherway around.

Thats why it's important to BUY HIGH and SELL LOW so that you don't go against the heavenly thing on earth called trend.
  • #55,776
  • Dec 20, 2007 10:31am Dec 20, 2007 10:31am
Quoting FX-Petra
UJ is near the bottom of its range. If GU can settle and UJ bounce back to the top, we can get a little retrace....that looks like the best we can hope for short term. Of course, I could always put on a hedge...that would mean an immediate 200 pip retrace!!!! lol
I say put the hedge on then. Sacrifice for the greater good of the team!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #55,777
  • Dec 20, 2007 10:31am Dec 20, 2007 10:31am
Quoting im7i4z
PipGod came down from heaven one day and told me not to trade against the trend then he will listen to my prayers... so I did that. Since then at S/R levels I pray that pipgod takes that out instead of holding price at S/R not the otherway around.

Thats why it's important to BUY HIGH and SELL LOW so that you don't go against the heavenly thing on earth called trend.
What are you smokin', Dude?

M2B
  • #55,778
  • Dec 20, 2007 10:34am Dec 20, 2007 10:34am
Quoting im7i4z
PipGod came down from heaven one day and told me not to trade against the trend then he will listen to my prayers... so I did that. Since then at S/R levels I pray that pipgod takes that out instead of holding price at S/R not the otherway around.

Thats why it's important to BUY HIGH and SELL LOW so that you don't go against the heavenly thing on earth called trend.
Ok...give me some time to digest that...

Oh no!! My2buoys got there b4 me..
  • #55,779
  • Dec 20, 2007 10:36am Dec 20, 2007 10:36am
Quoting my2buoys
What are you smokin', Dude?

M2B
Apparently, whatever it is it's REALLY, REALLY BAAAAAAAAAAAAAAAD!
WOW!
  • #55,780
  • Dec 20, 2007 10:38am Dec 20, 2007 10:38am
Quoting moneymagnet
I say put the hedge on then. Sacrifice for the greater good of the team!
I have a hedge sell order @ 223.25---if you hits you should be safe for a retrace up to at least Daily 5 SMA Low near 226.50!!!
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