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

  • #69,381
  • Mar 18, 2008 4:27am Mar 18, 2008 4:27am
Quoting kotaro-san
manage to re-enter short at 196.40 . hope gj wont come back again
don't play it with hope my friend. In forex, hope is dangerous ... just from my experience ...
Discipline + Patience - Fear - Greed = Success
  • #69,382
  • Mar 18, 2008 4:32am Mar 18, 2008 4:32am
Quoting arezab
don't play it with hope my friend. In forex, hope is dangerous ... just from my experience ...
oh. thanks.

price goes away from 196.40 . no need hope now. relax a bit, come back later.

re-edit:

arezab,
your signature says hope for the best. u play it with hope too, my friend. dont play with it
  • #69,383
  • Mar 18, 2008 4:40am Mar 18, 2008 4:40am
I closed the other 1/2 of my longs at 196.39, I'm flat right now until after the announcement folks. . .

Good long trade all. . .
I'll talk with u all l8ter =
  • #69,384
  • Mar 18, 2008 4:42am Mar 18, 2008 4:42am
Quoting kotaro-san
oh. thanks.

price goes away from 196.40 . no need hope now. relax a bit, come back later.

re-edit:

arezab,
your signature says hope for the best. u play it with hope too, my friend. dont play with it
Don't hesitate, I am short on the pair too but expect it to reach 197.30 before heading down for good. There is still the PPI coming out and we don't know how commodity prices and china's inflation are going to affect it. We may have another drawback, I suggest we all wait and see, before the PPI and the banks report their write downs we can't do much more.
  • #69,385
  • Mar 18, 2008 4:49am Mar 18, 2008 4:49am
Quoting Pirin
Don't hesitate, I am short on the pair too but expect it to reach 197.30 before heading down for good. There is still the PPI coming out and we don't know how commodity prices and china's inflation are going to affect it. We may have another drawback, I suggest we all wait and see, before the PPI and the banks report their write downs we can't do much more.
if it can break 196.40, the highest it can make is 196.90 according to my anaylsis.
  • #69,386
  • Mar 18, 2008 4:50am Mar 18, 2008 4:50am
we are going up. 195.90 swing level + the price gap needs to be filled in from yesterday.
  • #69,387
  • Mar 18, 2008 4:51am Mar 18, 2008 4:51am
Quoting kotaro-san
if it can break 196.40, the highest it can make is 196.90 according to my anaylsis.
200.xx according to my analysis
  • #69,388
  • Mar 18, 2008 4:52am Mar 18, 2008 4:52am
hi all i would say wait till we hit R1 and see if we can get a break i guess we will see bounce down but until we hit this point is hard to say we must look at macd and stoc when we hit this point, in mean time i am scalping up and down and taking 50 pips average on moves.

With rate news coming out we will see huge moves and who knows up or down right now we can not say.

use the tools we have like r and s points and in mean time scalp and collect i have 400 pip target scalping before the rate news then i will look to add another 300 to this.



trade well
  • #69,389
  • Mar 18, 2008 4:53am Mar 18, 2008 4:53am
latest from bloomberg

March 18 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may be readying the deepest interest-rate cut in a generation as the central bank struggles to prevent a meltdown in financial markets and a recession.
Traders predict the Federal Open Market Committee, meeting today in Washington, will lower the overnight lending rate by a full percentage point or more, based on futures prices in Chicago. That would be the biggest reduction since 1984, when Paul Volcker led the central bank, and would bring the benchmark rate down to 2 percent.

anyone long?
  • #69,390
  • Mar 18, 2008 4:55am Mar 18, 2008 4:55am
Seems to be a bit of a whiff around?

Is that bullshit or bearshit?

I find it hard to tell the difference...

But they're both very similar..

I'm just waiting for a breakout. Don't give a bear or bull which way.

John
  • #69,391
  • Mar 18, 2008 4:56am Mar 18, 2008 4:56am
Quoting kotaro-san
oh. thanks.

price goes away from 196.40 . no need hope now. relax a bit, come back later.

re-edit:

arezab,
your signature says hope for the best. u play it with hope too, my friend. dont play with it
I play with last half of my signature my friend. The first half is not related to forex
Discipline + Patience - Fear - Greed = Success
  • #69,392
  • Mar 18, 2008 5:03am Mar 18, 2008 5:03am
I don't have a position but looking at this 4hr chart I would be very careful with shorts. . .
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr chart.gif Size: 20 KB
  • #69,393
  • Mar 18, 2008 5:13am Mar 18, 2008 5:13am
Quoting quecee5
I don't have a position but looking at this 4hr chart I would be very careful with shorts. . .
yes that is right.
Discipline + Patience - Fear - Greed = Success
  • #69,394
  • Mar 18, 2008 5:19am Mar 18, 2008 5:19am
Quoting quecee5
I don't have a position but looking at this 4hr chart I would be very careful with shorts. . .
in new 4hr candle QQE5 crossed up....it's not good for shorts
  • #69,395
  • Mar 18, 2008 5:20am Mar 18, 2008 5:20am
Quoting quecee5
I don't have a position but looking at this 4hr chart I would be very careful with shorts. . .
200 EMA on 15M chart is kind of barrier on the way. I don't think it can hold the price. if (when) it has been breached, 198.50 and then 200 will be available ...
Discipline + Patience - Fear - Greed = Success
  • #69,396
  • Mar 18, 2008 5:20am Mar 18, 2008 5:20am
Quoting arezab
yes that is right.

50 SMA may bounce the price
  • #69,397
  • Mar 18, 2008 5:22am Mar 18, 2008 5:22am
Quoting arezab
200 EMA on 15M chart is kind of barrier on the way. I don't think it can hold the price. if (when) it has been breached, 198.50 and then 200 will be available ...

38.2 fab and 50 SMA on the same level and play as strong R mabe its the top for 2day

Attached Image (click to enlarge)
Click to Enlarge Name: ch4.gif Size: 20 KB
  • #69,398
  • Mar 18, 2008 5:25am Mar 18, 2008 5:25am
wanna share my charts with you the weekly chart can learn me a lot of the repeated patterns of the monster , it really helpfull and full of significants.
that monster make me blow 7 accounts before it was hard time and i still try to figure what that monster about.
i wanna crack his code........lol
Attached Image (click to enlarge)
Click to Enlarge Name: hema chart.gif Size: 21 KB
  • #69,399
  • Mar 18, 2008 5:29am Mar 18, 2008 5:29am
7 accounts is hard man ... you should work on your risk tolerance
  • #69,400
  • Mar 18, 2008 5:37am Mar 18, 2008 5:37am
i was not take care of my risk management , i was not ask myself before any trade how mush i wanna loose only ask my greedy self how much i wanna earn.
if you did not take care of your buisness , it will take care of you by the hard way , and that wha happened to me, the game here it is all about the risk
and how deal with it risk management is the key.
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