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

  • #75,461
  • Apr 25, 2008 3:33am Apr 25, 2008 3:33am
Quoting Traderschoic
So you are getting news before the others? Or just enjoy confusing people?
cronch is d one confusinfg people, news as expected
  • #75,462
  • Apr 25, 2008 3:34am Apr 25, 2008 3:34am
Quoting chonchy
well if I" not mistaken rsi oon most of the time frames beside daily are kind of oversold I think correct me if I'm wrong please
and I know rsi could be oversold for centuries and price keep going up but I don't know maybe you know something I don't of course
The Chonchy
  • #75,463
  • Apr 25, 2008 3:36am Apr 25, 2008 3:36am
Stuck with my shorts til early May I reckon. Time to enjoy the sunshine
Money & Pain Respect the market, protect your capital, be patient
  • #75,464
  • Apr 25, 2008 3:38am Apr 25, 2008 3:38am
Quoting ephisi
cronch is d one confusinfg people, news as expected
is chonchy not cronch
The Chonchy
  • #75,465
  • Apr 25, 2008 3:39am Apr 25, 2008 3:39am
cool, now that my stop was taken out, i guess this sucker will make record lows today!
  • #75,466
  • Apr 25, 2008 3:40am Apr 25, 2008 3:40am
Remember FED may cut interest rates (80% chances) next week..that will bring this beast down !
  • #75,467
  • Apr 25, 2008 3:43am Apr 25, 2008 3:43am
Quoting chonchy
is chonchy not cronch
I don't think the news is that bad, I think I'm going long, who knows maybe jarro si right after all
The Chonchy
  • #75,468
  • Apr 25, 2008 3:47am Apr 25, 2008 3:47am
Quoting lilmoe
cool, now that my stop was taken out, i guess this sucker will make record lows today!
i warned you?
  • #75,469
  • Apr 25, 2008 3:47am Apr 25, 2008 3:47am
I've seen this work before..
DOWN CABLE DOWN
  • #75,470
  • Apr 25, 2008 3:47am Apr 25, 2008 3:47am
Quoting jarroo
I don't use indicators, sorry.
What is your exit strategy ?
  • #75,471
  • Apr 25, 2008 3:49am Apr 25, 2008 3:49am
Quoting chonchy
and I know rsi could be oversold for centuries and price keep going up but I don't know maybe you know something I don't of course
of course he know something you dont know, indicators are lagging
  • #75,472
  • Apr 25, 2008 3:50am Apr 25, 2008 3:50am
look at this ..
Attached Image (click to enlarge)
Click to Enlarge Name: FED.JPG Size: 54 KB
  • #75,473
  • Apr 25, 2008 3:51am Apr 25, 2008 3:51am
Quoting ephisi
i warned you?
ephisi bawoni

se eko lo wa? omo naija ni mo je
THE TREND IS UR FRIEND
  • #75,474
  • Apr 25, 2008 3:51am Apr 25, 2008 3:51am
consumer sentiment is going to be high with the ford news today and all so dollar is going to go hi taken gj up with it, my 2 cents
The Chonchy
  • #75,475
  • Apr 25, 2008 3:51am Apr 25, 2008 3:51am
one more...
Attached Image (click to enlarge)
Click to Enlarge Name: FED-1.JPG Size: 59 KB
  • #75,476
  • Apr 25, 2008 3:52am Apr 25, 2008 3:52am
Quoting Pirin
What is your exit strategy ?
I like to take 50 to 70 pips off half of my position and set the other half to break even. Then I like to let PA tell me to exit. Also, S/R levels are good targets.

Its all about managing losses, not profits.

Hope this helps,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #75,477
  • Apr 25, 2008 3:54am Apr 25, 2008 3:54am
Quoting ephisi
ifUK news is bad , price will only dipp and auj will take GJ to d skies
therre is nothing as good ass a trade plan im long from 206.35 and holding till i gett stiopped out 100pips

my signall says long and im long, i know bettter now, i dont let UJ bother me again, look at what will happen, when GU stops pulling GJ up GU will stop and UJ will now start pulling GJ up,

but if i get stopped out its all good , im already up 3.5% for d day
  • #75,478
  • Apr 25, 2008 3:56am Apr 25, 2008 3:56am
jarrooo, ure aware of my prenews trading system right? i wemt long on GU 5mins b4 news 20pipsSL. 20PIPs TP 2%
  • #75,479
  • Apr 25, 2008 3:56am Apr 25, 2008 3:56am
Quoting chonchy
well if I" not mistaken rsi oon most of the time frames beside daily are kind of oversold I think correct me if I'm wrong please
I just checked an H4 chart and the RSI is not oversold, see the lime color line below (I put RSI 8, 13/14 would be even lower)...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4-25-2008.gif Size: 33 KB
  • #75,480
  • Apr 25, 2008 3:58am Apr 25, 2008 3:58am
Quoting ephisi
jarrooo, ure aware of my prenews trading system right? i wemt long on GU 5mins b4 news 20pipsSL. 20PIPs TP 2%
No, I missed it. Where's it at?
Indicators show the past. Price Action "Indicates" the future.
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