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

  • #60,441
  • Jan 29, 2008 10:20am Jan 29, 2008 10:20am
Quoting shahroodi
i think your stop is hit now http://qsmile.com/qsimages/73.gif
Yes stopped out at 212.30.
Indicators show the past. Price Action "Indicates" the future.
  • #60,442
  • Jan 29, 2008 11:16am Jan 29, 2008 11:16am
Are you back in, Jaroo??

I made a quick 30 pips but got out....I still think bullish long term, just knew this would retr5ace on me in intraday noise.

Think I may play with the Euro a while and scalp till this evenin.
  • #60,443
  • Edited 1:25pm Jan 29, 2008 11:19am | Edited 1:25pm
Quoting JasonGuillen
Are you back in, Jaroo??

I made a quick 30 pips but got out....I still think bullish long term, just knew this would retr5ace on me in intraday noise.

Think I may play with the Euro a while and scalp till this evenin.
No, not in. Just seeing how things play out.
Indicators show the past. Price Action "Indicates" the future.
  • #60,444
  • Jan 29, 2008 12:32pm Jan 29, 2008 12:32pm
Quoting Michi
Do one of you guys know what broker provides the lowest spread on GBP/JPY? Because CMSFX has a 8 pips spread, IBFX a 9 pips spread, etc ... isn't there somewhere a way to just pay 4-5 pips?
Cheers
The best bang for your buck will be MBtrading or EFXgroup.com. They are both the same except EFX is strictly for forex. Most every pair has a 1-2 pip spread, GBP/JPY is around 4-5, you pay commision on entering and exiting trade. It's and ECN and not a bucket shop. Check ratings on forexbastard.com.
  • #60,445
  • Jan 29, 2008 12:52pm Jan 29, 2008 12:52pm
anybody thinkin about gettin in on a retrace of this little rally?
The odds are on my side; let's hope they stay that way!!!
  • #60,446
  • Edited 1:43pm Jan 29, 2008 1:20pm | Edited 1:43pm
Quoting jarroo
Yes stopped out at 212.30.
I like to put my stop losses close to the prior S/R level. In this case my S/R level was 212.34. My stop loss was too close to that level. Hind sight is always 20/20. But learning from my loses never stops.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #60,447
  • Jan 29, 2008 1:38pm Jan 29, 2008 1:38pm
Quoting DollaBill
The best bang for your buck will be MBtrading or EFXgroup.com. They are both the same except EFX is strictly for forex. Most every pair has a 1-2 pip spread, GBP/JPY is around 4-5, you pay commision on entering and exiting trade. It's and ECN and not a bucket shop. Check ratings on forexbastard.com.

dont beleive everything ya read...they are all bucketshos and the term ECN is meaningless IMO..... consider this....they give you absolutely NO protection if they go bankrupt..... I'm not saying not to use them or to use any other broker, but just know the pros and cons and dont get conned.... how many times will their platform fail and lock u out of your trade? how many times will they cause a huge spike just to hunt stops (when no ohter broker shows that spike?) IMO all have pros and cons and all brikers stink.... just my 2c
  • #60,448
  • Jan 29, 2008 1:48pm Jan 29, 2008 1:48pm
Quoting dagoods
dont beleive everything ya read...they are all bucketshos and the term ECN is meaningless IMO..... consider this....they give you absolutely NO protection if they go bankrupt..... I'm not saying not to use them or to use any other broker, but just know the pros and cons and dont get conned.... how many times will their platform fail and lock u out of your trade? how many times will they cause a huge spike just to hunt stops (when no ohter broker shows that spike?) IMO all have pros and cons and all brikers stink.... just my 2c
Now, now bitter Bob =
  • #60,449
  • Jan 29, 2008 2:28pm Jan 29, 2008 2:28pm
Ok thanks guys...
I'll stay with IBFX I think, because I wanna use MT4 as a platform!
Cheers
  • #60,450
  • Jan 29, 2008 2:30pm Jan 29, 2008 2:30pm
It's so quite in here....
  • #60,451
  • Jan 29, 2008 2:39pm Jan 29, 2008 2:39pm
Will there be surprise negative news for JPY soon, that gives GJ its last boost upward, before someone finally decides to take this pair one direction???

(yea i'm hoping for bad JPY news b/c i'm looking long on GJ)
The odds are on my side; let's hope they stay that way!!!
  • #60,452
  • Jan 29, 2008 2:52pm Jan 29, 2008 2:52pm
Quoting bcorsaut24
Will there be surprise negative news for JPY soon, that gives GJ its last boost upward, before someone finally decides to take this pair one direction???

(yea i'm hoping for bad JPY news b/c i'm looking long on GJ)
there are good news for stock market is rising up in Japan
  • #60,453
  • Jan 29, 2008 3:37pm Jan 29, 2008 3:37pm
Quoting quecee5
Now, now bitter Bob =

lol funny! not bitter at all....just want e1 to be careful and choose wisely thats all...... hey Q where we at bro? got a chart and some insight for me?
  • #60,454
  • Jan 29, 2008 3:57pm Jan 29, 2008 3:57pm
4 hr chart . Should breakout of wedge fairly soon.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr-gbpyen.gif Size: 25 KB
  • #60,455
  • Jan 29, 2008 4:04pm Jan 29, 2008 4:04pm
Quoting GodfreyH
4 hr chart . Should breakout of wedge fairly soon.

yea, that ascending triangle on the 4hr is yet to be broken; no reason to yet i guess
The odds are on my side; let's hope they stay that way!!!
  • #60,456
  • Jan 29, 2008 4:30pm Jan 29, 2008 4:30pm
Its gotta get below 111.85..there is good support with the fib line and the 89
  • #60,457
  • Jan 29, 2008 5:57pm Jan 29, 2008 5:57pm
GJ is trying hard to break that bottom line.

Attached Image (click to enlarge)
Click to Enlarge Name: gj-212.56.gif Size: 27 KB
Monthly Profit & Lost :- May - +85 pips
  • #60,458
  • Jan 29, 2008 6:18pm Jan 29, 2008 6:18pm
You are right its wants to SOO BADDD
  • #60,459
  • Jan 29, 2008 6:19pm Jan 29, 2008 6:19pm
If that break holds,maybe a bit of a short?
  • #60,460
  • Jan 29, 2008 6:22pm Jan 29, 2008 6:22pm
It would be great if that line breaks...then it can countine down a while and then the fed cuts 25pts tommarrow It will plummit. (My wishful thinking)
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