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

  • #73,861
  • Apr 18, 2008 6:59am Apr 18, 2008 6:59am
HELLO 208!!!
  • #73,862
  • Apr 18, 2008 7:01am Apr 18, 2008 7:01am
maybe 221
  • #73,863
  • Apr 18, 2008 7:02am Apr 18, 2008 7:02am
out of all positions, huge retracement in process
  • #73,864
  • Apr 18, 2008 7:04am Apr 18, 2008 7:04am
Quoting lilmoe
out of all positions, huge retracement in process
What retracement?
  • #73,865
  • Apr 18, 2008 7:05am Apr 18, 2008 7:05am
My charts: GY Daily:

http://www.doske.com/fx/ew-78.png
  • #73,866
  • Apr 18, 2008 7:06am Apr 18, 2008 7:06am
lol @ weekly & monthly resistances

that was a joke LOL

next resistance is daily 100sma
Trade what you see, not what you think.
  • #73,867
  • Apr 18, 2008 7:07am Apr 18, 2008 7:07am
Have been posted this chart all week, looks like it has come to fruition! =

Gd morning all =
Attached Image (click to enlarge)
Click to Enlarge Name: weekly chart5.gif Size: 23 KB
  • #73,868
  • Apr 18, 2008 7:08am Apr 18, 2008 7:08am
What retracement? like Karmo said, that was a joke. Watch UJ it's acting like the UJ of old
Patience + Humility + Study = Success
  • #73,869
  • Apr 18, 2008 7:09am Apr 18, 2008 7:09am
Quoting DutchTrader
UJ is headed to 105.00 so GJ and all crosses are along for the ride. Coupled with BoE plan, Dow futures, and option expiration day today the bears are getting gouged.
LOL =

Gd morning DT!
  • #73,870
  • Apr 18, 2008 7:09am Apr 18, 2008 7:09am
Quoting karmostaji
lol @ weekly & monthly resistances

that was a joke LOL

next resistance is daily 100sma

Hi Karmo -- still holding on.... Not much of a retracement?...Is the 100 sma at 206.60 or am I wrong... I hope I am wrong...
  • #73,871
  • Apr 18, 2008 7:11am Apr 18, 2008 7:11am
Quoting shakesfx
Hi Karmo -- still holding on.... Not much of a retracement?...Is the 100 sma at 206.60 or am I wrong... I hope I am wrong...
Daily 100sma is 208.35

Price has already bounced back hard from there, hopefully it'll continue retracing and now blow past this resistance as well lol
Trade what you see, not what you think.
  • #73,872
  • Apr 18, 2008 7:13am Apr 18, 2008 7:13am
price action just never lies ... yesterday's bull candle and todays very little retracement should have indicated the rally ... sadly i was biased short ... n was waiting for any indication to do so ... was pretty much sidelined , no bull weakening indication anywhere ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #73,873
  • Apr 18, 2008 7:13am Apr 18, 2008 7:13am
Quoting DutchTrader
What retracement? like Karmo said, that was a joke. Watch UJ it's acting like the UJ of old

sorry, shouldn't have said 100 lousy pips are a retracement, i'm back in...

i made 100 pips on a short though
  • #73,874
  • Apr 18, 2008 7:13am Apr 18, 2008 7:13am
@ karmo,

Yes also Weekly gann was joke as well. 100sma[ Daily ] = 211.296
---------------------------------------------------------------------

@ all

Maybe it is little bit metaphysic, but on the bottom of the daily chart, there is also Moon phases; Can you see some regularity - like rules?? Just notice when GY ralies.
  • #73,875
  • Apr 18, 2008 7:14am Apr 18, 2008 7:14am
Quoting karmostaji
Daily 100sma is 208.35

Price has already bounced back hard from there, hopefully it'll continue retracing and now blow past this resistance as well lol
Hmm it's at 211.3 for me
  • #73,876
  • Apr 18, 2008 7:15am Apr 18, 2008 7:15am
Quoting quecee5
LOL =

Gd morning DT!
Just running with the bulls bro, UJ and AJ been good to me this week. How are you, Q?
Patience + Humility + Study = Success
  • #73,877
  • Apr 18, 2008 7:18am Apr 18, 2008 7:18am
Quoting shakesfx
Sods law states - "bail out and watch it retrace".... You may be right though...Going to bail soon...looking for a good entry point...any suggestions?
Yeah but that's what happens when one holds onto a losing trade for far too long, one becomes way too attached to it and can't let it go.

I would rather lose 50/100/150 pips and have the market tell me that I made a bad entry mistake but I'll easily be able to fight another day. Instead of being wrong but still trying to prove I'm right -400/-600 pips later and have nothing left.

Try some of Jacko's simple technics so that such big losses would be avoided. As far as a good entry I don't know yet I haven't analyzed my chart for that at this moment. I wish you the best of luck...
  • #73,878
  • Apr 18, 2008 7:20am Apr 18, 2008 7:20am
on my chart 100 sma R 206
  • #73,879
  • Apr 18, 2008 7:20am Apr 18, 2008 7:20am
Quoting Tsotsi
I've just manually closed my shorts with a very big draw down rather than blow my account or incur further losses, I just don't understand what is going on with the GBPJPY. My shorts were a terrible mistake, took the positions soon after fundamental data releases but before my M15 TF candlestick closed.....ruled by my emotions.
Now, all my TFs below the Daily have been overbought for a long time but the beast keeps going up. I'm still a newbie but am aint giving up at all. I'm now waiting on the sidelines while monitoring the weekly and monthly resistances.
Happy weekend everyone, remember we win some - we loose some. Now that I've got my tax filings out of the way, I will use this coming weekend to analyse, revise and polish up my strategies.

Hi Tsotsi,

You have done the correct action, you live to fight (trade) another day.

The signs (in my view) were long.

We were coming off very strong support at 192.5, price then broke a declining T/L on the 15th after testing numerous times, moved up and retested the the same level then moved up strongly. Also we are now above the weekly and monthly pivots which now act as support.

Yesterday we broke the declining MAJOR T/L moved up came back and retested before moving north. A very strong indication of bulls being in charge.

There are many other signs too such as were candles close etc.

I only point this price action out in the hope of helping you read the signs.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 4h 180408 major t l break.gif Size: 28 KB
  • #73,880
  • Apr 18, 2008 7:25am Apr 18, 2008 7:25am
Quoting lilmoe
sorry, shouldn't have said 100 lousy pips are a retracement, i'm back in...

i made 100 pips on a short though

Well I think you were right...dont think it will get past 208 again.

Why have you given up on it?
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