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

  • #69,361
  • Mar 18, 2008 5:36am Mar 18, 2008 5:36am
Quoting climberguy
Are you just basing it off a potential double top?
no. i develope my own system. want to make it an EA but find it better i trade manually.

there r many things that i take into consideration to short at 196.40

timing, fibo retracement, pivot points, RSI, EMA, GBP/USD, USD/JPY ..

i short at 196.40 and it quickly went down as if i short USD1billion

(u guys can laugh at me )
  • #69,362
  • Mar 18, 2008 5:37am Mar 18, 2008 5:37am
Now if that move was in your favor, then that's a different story.
  • #69,363
  • Mar 18, 2008 5:37am Mar 18, 2008 5:37am
Quoting auslanco
guys be careful with your GJ trades.. something big can happen within the next 3-6 hrs.. do not take too much risks..

BEST ADVICE WE HAVE HAD IN A LONG TIME!



GOOD TO SEE DA MAN AUS IN HERE!
  • #69,364
  • Mar 18, 2008 5:39am Mar 18, 2008 5:39am
Quoting auslanco
guys be careful with your GJ trades.. something big can happen within the next 3-6 hrs.. do not take too much risks..
Precisely why I took $$$$ off the table at the 4hr hi/lo gann and have reasonable SL in place. . .

Thxs for the heads-up Aus. . .
  • #69,365
  • Mar 18, 2008 5:41am Mar 18, 2008 5:41am
Quoting kotaro-san
no. i develope my own system. want to make it an EA but find it better i trade manually.

there r many things that i take into consideration to short at 196.40

timing, fibo retracement, pivot points, RSI, EMA, GBP/USD, USD/JPY ..

i short at 196.40 and it quickly went down as if i short USD1billion

(u guys can laugh at me )
Well what are you looking at for an exit?
  • #69,366
  • Mar 18, 2008 5:41am Mar 18, 2008 5:41am
Quoting quecee5
Congrats to all longs who stuck it out. . .

196.40/50 area was my 1st target, if GJ gets a close above the daily pivot I see the next target at ar'd 198.50/80 area before it sees some massive resistance. . .

Lets see how this plays out =



you da man q! AS USuAL
  • #69,367
  • Mar 18, 2008 5:41am Mar 18, 2008 5:41am
Quoting quecee5
Precisely why I took $$$$ off the table at the 4hr hi/lo gann and have reasonable SL in place. . .

Thxs for the heads-up Aus. . .
We have a similar style of trade managament.
  • #69,368
  • Mar 18, 2008 5:44am Mar 18, 2008 5:44am
Quoting kotaro-san
no. i develope my own system. want to make it an EA but find it better i trade manually.

there r many things that i take into consideration to short at 196.40

timing, fibo retracement, pivot points, RSI, EMA, GBP/USD, USD/JPY ..

i short at 196.40 and it quickly went down as if i short USD1billion

(u guys can laugh at me )
Oh Yeah!... What is your profit target.. and I laugh with U all the way to the bank
  • #69,369
  • Mar 18, 2008 5:44am Mar 18, 2008 5:44am
Quoting climberguy
Well what are you looking at for an exit?
well,

i cant really tell. support is 195.90 . price could go into consolidation for hours or later it will break the support

or maybe it will re-touch the high at 196.4 but could i always find the right time,point to short/long.

earlier i posted a msg to go long. check it out. then few mins after that, i went long quickly.
  • #69,370
  • Mar 18, 2008 5:44am Mar 18, 2008 5:44am
if this rising wedge plays out we could make a double bottom before rate announcememt which should bring down pj as well
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 13 KB
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #69,371
  • Mar 18, 2008 5:44am Mar 18, 2008 5:44am
Quoting $teve
We have a similar style of trade managament.


Yep, learned long time ago that "GJ giveth and GJ taketh. . ." lol!
Good trading today bro! =
  • #69,372
  • Mar 18, 2008 5:46am Mar 18, 2008 5:46am
Quoting VagyokC4
Oh Yeah!... What is your profit target.. and I laugh with U all the way to the bank
i dont have target. its all depend on the fed i.rate cut news. who am i to tell?

if price go against me at 196.40, no prob. i find another high to sell or maybe low to buy.

  • #69,373
  • Mar 18, 2008 5:48am Mar 18, 2008 5:48am
Quoting auslanco
guys be careful with your GJ trades.. something big can happen within the next 3-6 hrs.. do not take too much risks..
hi aus
i completely agree with you . we will reach around 199.50 which is the monthly 50% fibo . just one thivng can cause we do not reach to that . interest rate statement tonight in ny session .
do you agree ?
  • #69,374
  • Mar 18, 2008 5:48am Mar 18, 2008 5:48am
Quoting moneymagnet
if this rising wedge plays out we could make a double bottom before rate announcememt which should bring down pj as well
What's up bro!
Good to see you posting!
  • #69,375
  • Mar 18, 2008 6:02am Mar 18, 2008 6:02am
New 12hr Momentum is extremely bearish.. It was the same momentum reading we had on friday from the London session. The pair fell 600+ pips few hours before the Ny close.. I'm not saying we may see a fall like that today.. but be careful , ahead of the FOMC release.. USD may get hammered again.
  • #69,376
  • Mar 18, 2008 6:13am Mar 18, 2008 6:13am
i close my short. finding another high
  • #69,377
  • Mar 18, 2008 6:16am Mar 18, 2008 6:16am
Quoting quecee5
What's up bro!
Good to see you posting!
been following you Q. U still the man!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #69,378
  • Mar 18, 2008 6:19am Mar 18, 2008 6:19am
Quoting kotaro-san
i close my short. finding another high
Discipline + Patience - Fear - Greed = Success
  • #69,379
  • Mar 18, 2008 6:20am Mar 18, 2008 6:20am
Quoting moneymagnet
been following you Q. U still the man!
Just trying to catch those pips bro, just trying to catch those pips. . .
Again, good to see u ar'd. . .
  • #69,380
  • Mar 18, 2008 6:21am Mar 18, 2008 6:21am
Quoting arezab
manage to re-enter short at 196.40 . hope gj wont come back again
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