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

  • #60,381
  • Jan 29, 2008 6:43am Jan 29, 2008 6:43am
Quoting nobleolagoke
can I still enter long cos i missed the entry point
If price retraces (which we known it will) and stops at a S/R level like the 212.34 or the 212.61-67. Its hard to say.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #60,382
  • Jan 29, 2008 6:43am Jan 29, 2008 6:43am
you guys think the NY open is gonna push prices higher?

i still want to see that ascending triangle broken on the 4hr!!
The odds are on my side; let's hope they stay that way!!!
  • #60,383
  • Jan 29, 2008 6:44am Jan 29, 2008 6:44am
Quoting bcorsaut24
i guess that negative news for GBP was really expected....price doesn't show weak GBP at all....people are actually buying

???????
High expectations of US rate cut tomorrow - always happens - all USD pairs tend to go up if rate cut is expected. Traders are exiting their long $ positions. It'll be funny if there is no cut. :
  • #60,384
  • Jan 29, 2008 6:45am Jan 29, 2008 6:45am
Great buy ops on last nights dip during state of union, hope u all got some
"Millionaires don't use astrology, billionaires do"
  • #60,385
  • Jan 29, 2008 6:45am Jan 29, 2008 6:45am
Quoting bcorsaut24
i guess that negative news for GBP was really expected....price doesn't show weak GBP at all....people are actually buying

???????
Oh, was there news coming out. I didn't know.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #60,386
  • Jan 29, 2008 6:46am Jan 29, 2008 6:46am
Quoting jarroo
Oh, was there news coming out. I didn't know.

Jim
Nah.. not important news.. nothing like retail sales or inflation reports.
  • #60,387
  • Jan 29, 2008 6:46am Jan 29, 2008 6:46am
Quoting karmostaji
It's time to relax and have a drink and let the trade just do it's thing, trading with no stress is so much fun
Indicators show the past. Price Action "Indicates" the future.
  • #60,388
  • Jan 29, 2008 6:48am Jan 29, 2008 6:48am
Hey, Karm I'm not really using Aus method. I hope I'm not stepping on any ones toes here.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #60,389
  • Jan 29, 2008 6:50am Jan 29, 2008 6:50am
I think if there is a cut tomorrow.. we *might* see a rally in GJ.. but it should be temporary. I don't know if anyone remembers when Feds cut rates by a greater than expected amount.. GJ went up 300 pips or so.. and then completely collapsed over a course of few hours.

Carries and equity markets have already begun their rallies.. in a sense.. expecting the cut.
  • #60,390
  • Jan 29, 2008 6:52am Jan 29, 2008 6:52am
Quoting jarroo
Hey, Karm I'm not really using Aus method. I hope I'm not stepping on any ones toes here.

Jim
As long as we're discussing GBP/JPY, it's all good with me
Trade what you see, not what you think.
  • #60,391
  • Jan 29, 2008 6:53am Jan 29, 2008 6:53am
Quoting VishalJ
I think if there is a cut tomorrow.. we *might* see a rally in GJ.. but it should be temporary. I don't know if anyone remembers when Feds cut rates by a greater than expected amount.. GJ went up 300 pips or so.. and then completely collapsed over a course of few hours.

Carries and equity markets have already begun their rallies.. in a sense.. expecting the cut.
GJ cant just fall with no retracement, this upward movement from 204 is a retracement and usually i'm looking for the famous 50% fibo retracement which is 217.xx unless the Fed does something unexpected tomorrow.
Trade what you see, not what you think.
  • #60,392
  • Jan 29, 2008 6:56am Jan 29, 2008 6:56am
Quoting karmostaji
As long as we're discussing GBP/JPY, it's all good with me
I'm trying to show my trades (with charts ) in real time and the reason for them. Man, you gotta be quick.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #60,393
  • Jan 29, 2008 7:03am Jan 29, 2008 7:03am
Quoting nobleolagoke
can I still enter long cos i missed the entry point
Price retraced back to 212.67. You could have entered here with tight s/l. Just my thinking.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #60,394
  • Jan 29, 2008 7:05am Jan 29, 2008 7:05am
hi guys

anyone here got instant messenger and want to add me as his buddy?

i'd like to share and discuss signals.

im no newbie

privmsg me
  • #60,395
  • Jan 29, 2008 7:13am Jan 29, 2008 7:13am
Yes, I was stopped out. I managed to lock in 42 pips on half of my positon. and the other half was break even. Yes, I realize I was up close to 100 pips. But guess what. I DON'T CARE. I gave my trade a chance for a big run at ZERO RISK. I love trades like this.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #60,396
  • Jan 29, 2008 7:15am Jan 29, 2008 7:15am
Here is a trade that I took this morning. Notice how .618 and .786 retracements were prevalent in this pattern. As you can see target 1 was obtained and trail stops were taken out on second contract.
Attached Image (click to enlarge)
Click to Enlarge Name: bearish gartley.gif Size: 54 KB
Pippiper
  • #60,397
  • Jan 29, 2008 7:15am Jan 29, 2008 7:15am
... well I think many of those "free trades" (with +1 stops) has been closed by this +100 pips downfall ... no worries ... open it again. I think uptrend is still on .
Discipline + Patience - Fear - Greed = Success
  • #60,398
  • Jan 29, 2008 7:18am Jan 29, 2008 7:18am
Quoting arezab
... well I think many of those "free trades" (with +1 stops) has been closed by this +100 pips downfall ... no worries ... open it again. I think uptrend is still on .

Absolutely
Indicators show the past. Price Action "Indicates" the future.
  • #60,399
  • Jan 29, 2008 7:19am Jan 29, 2008 7:19am
Quoting arezab
... well I think many of those "free trades" (with +1 stops) has been closed by this +100 pips downfall ... no worries ... open it again. I think uptrend is still on .
Ofcourse the uptrend is still on and my trade is still swimming, good luck
Trade what you see, not what you think.
  • #60,400
  • Jan 29, 2008 7:20am Jan 29, 2008 7:20am
Don't hurry up, wait for the news.
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