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

  • #72,921
  • Apr 11, 2008 2:24pm Apr 11, 2008 2:24pm
Quoting DutchTrader
If not today, definitely by the time the markets open on Sunday. I'm patient. Working on a nice Poli Sci paper. You sound like a man with about 100lots on the line
not too far from the truth. got over anxious and loaded up on the consumer sentiment stuff. really thought it was gonna take a dive with the lowest number since 1991. I guess nothing is a lock in this world.
  • #72,922
  • Apr 11, 2008 2:28pm Apr 11, 2008 2:28pm
Quoting Dmac
not too far from the truth. got over anxious and loaded up on the consumer sentiment stuff. really thought it was gonna take a dive with the lowest number since 1991. I guess nothing is a lock in this world.
Did you get a good entry?
Patience + Humility + Study = Success
  • #72,923
  • Apr 11, 2008 2:28pm Apr 11, 2008 2:28pm
Quoting Dmac
not too far from the truth. got over anxious and loaded up on the consumer sentiment stuff. really thought it was gonna take a dive with the lowest number since 1991. I guess nothing is a lock in this world.

My futrues trading buddy loaded up with 20 contract sell today at 100 per point .. he made 20 k ... lucky guy
Blogging daily now at www.volume.zone
  • #72,924
  • Apr 11, 2008 2:31pm Apr 11, 2008 2:31pm
Quoting malcolmb14
My futrues trading buddy loaded up with 20 contract sell today at 100 per point .. he made 20 k ... lucky guy
That's a good days work.
Patience + Humility + Study = Success
  • #72,925
  • Apr 11, 2008 2:32pm Apr 11, 2008 2:32pm
Quoting DutchTrader
Did you get a good entry?

Unfortunately no. I'm in the red right now. Seem to have this problem often. Bad entry I mean.
  • #72,926
  • Apr 11, 2008 2:34pm Apr 11, 2008 2:34pm
Holding the shorts over the weekend may be bit risky.

G7 will have a press conference or issue statements at 1830 GMT or nearer to that time. If they say something like plans to strengthen the dollar, the UJ will shoot up in all probability and may gap up too high on open on sunday.just a thought to keep in the back of ur minds while holding those shorts.
Stay Safe.

Regards,

Sri
  • #72,927
  • Apr 11, 2008 2:35pm Apr 11, 2008 2:35pm
Quoting sri
Holding the shorts over the weekend may be bit risky.

G7 will have a press conference or issue statements at 1830 GMT or nearer to that time. If they say something like plans to strengthen the dollar, the UJ will shoot up in all probability and may gap up too high on open on sunday.just a thought to keep in the back of ur minds while holding those shorts.
Stay Safe.

Regards,

Sri
Good point. They will also address the Yuan so that means Yen strength. Decisions decisions.
Patience + Humility + Study = Success
  • #72,928
  • Apr 11, 2008 2:38pm Apr 11, 2008 2:38pm
DMac,

Let's see what the Dow does in the close which is only 20 mins away. Looks like we might not break thru today.
Patience + Humility + Study = Success
  • #72,929
  • Edited 2:45pm Apr 11, 2008 2:44pm | Edited 2:45pm
Quoting DutchTrader
Good point. They will also address the Yuan so that means Yen strength. Decisions decisions.
I highly doubt they will talk about strengthening the $ as it would be futile as everyone can see that the US is in knee deep shit. Keep your S/L's tight.
Humble Lifetime Member
  • #72,930
  • Apr 11, 2008 2:44pm Apr 11, 2008 2:44pm
Quoting sri
Holding the shorts over the weekend may be bit risky.

G7 will have a press conference or issue statements at 1830 GMT or nearer to that time. If they say something like plans to strengthen the dollar, the UJ will shoot up in all probability and may gap up too high on open on sunday.just a thought to keep in the back of ur minds while holding those shorts.
Stay Safe.

Regards,

Sri
The supposed news is that the US and Europe want to leave forex alone for the time being and will not address the issue. But, the news is also that the BOJ will want to address the weak dollar as their cause for inflation and something should be done. So, if you follow rram thinking the G/J will go up to around 250 Sunday afternoon. lol Or maybe plunge to 180. also lol
  • #72,931
  • Apr 11, 2008 2:44pm Apr 11, 2008 2:44pm
Any stock traders FXP is at my fav buy zone off 81 ... target 110 , stop 75. It plays the short side of the market in retirement accounts.

I am living in Canada and use the FXP / DXD to play the short sideof the market in a retirement account
Blogging daily now at www.volume.zone
  • #72,932
  • Apr 11, 2008 2:47pm Apr 11, 2008 2:47pm
Liekly case is gy did not drop another 200 pips due to traders waiting for the G7 meeting this weekend.

We could see it play catch up on Sunday
Blogging daily now at www.volume.zone
  • #72,933
  • Apr 11, 2008 2:48pm Apr 11, 2008 2:48pm
Quoting Ash
I highly doubt they will talk about strengthening the $ as it would be futile as everyone can see that the US is in knee deep shit. Keep your S/L's tight.
You have to be aware of all the BULL(shit) traders out there.
Patience + Humility + Study = Success
  • #72,934
  • Apr 11, 2008 2:53pm Apr 11, 2008 2:53pm
Yikes my Daily indicators are turning really steep down wondering whether it would be a good idea to place a short right here to 195 region hmmmmm
  • #72,935
  • Apr 11, 2008 2:54pm Apr 11, 2008 2:54pm
Gotta love the G7. They will not admit the US is in a recession, in order not to appear "alarmist". Gee thanks.
Patience + Humility + Study = Success
  • #72,936
  • Apr 11, 2008 2:55pm Apr 11, 2008 2:55pm
Quoting DutchTrader
You have to be aware of all the BULL(shit) traders out there.
true, but in all fairness, the bears are dancing.

made over 900 pips in total on all my positions combined yesterday and over a 1000 today. Just been shorting all the YEN crosses but I am not happy.

I need for the DOW to close under 11,500 in order to be happy.
Humble Lifetime Member
  • #72,937
  • Apr 11, 2008 2:57pm Apr 11, 2008 2:57pm
This may go up to 200.35 before dropping down further.
Patience + Discipline - Greed = Success
  • #72,938
  • Apr 11, 2008 2:57pm Apr 11, 2008 2:57pm
I'm just a small fry compared to you bro. I'll be happy with my couple of hundred pips for the week.
Patience + Humility + Study = Success
  • #72,939
  • Apr 11, 2008 2:59pm Apr 11, 2008 2:59pm
Quoting Infinity
This may go up to 200.35 before dropping down further.
Possible, as that trendline's been holding very tight.
Patience + Humility + Study = Success
  • #72,940
  • Apr 11, 2008 2:59pm Apr 11, 2008 2:59pm
Quoting DutchTrader
I'm just a small fry compared to you bro. I'll be happy with my couple of hundred pips for the week.
No brother, we're both small fry. We're hyena's. Part of Cesar's pack.
Humble Lifetime Member
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