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

  • #77,101
  • Apr 30, 2008 2:26pm Apr 30, 2008 2:26pm
Quoting bigcoupe
Amen to that. I am long up into the 21X after this bottoms out.
  • #77,102
  • Apr 30, 2008 2:27pm Apr 30, 2008 2:27pm
Quoting hussin naiji
4 u
Interesting. I usually just draw from the lowest point but that's got merit i suppose. Anyone? FWIW I'm on the Daily and on the daily there's nothing till 103.21ish
Patience + Humility + Study = Success
  • #77,103
  • Apr 30, 2008 2:27pm Apr 30, 2008 2:27pm
the best way is to stay aside till news finally digest by the market
like after 2-3hrs, so u will get a clearer picture. GJ is a big mover 50-100 in 1min can happen anytime. n yet the way i see this current fall of GJ is coz of profit taking, imho GJ still have room to go up, i have a sell limit at 208 anyway
Quoting kstorm88
what is this...it's going back up!! fffffffff
Sometimes in order to see the light, you have to risk the dark
  • #77,104
  • Apr 30, 2008 2:28pm Apr 30, 2008 2:28pm
Q
what is your point of view about euryen ??
  • #77,105
  • Apr 30, 2008 2:29pm Apr 30, 2008 2:29pm
Quoting $teve
If it could retest the daily 50 ema again, then that would be another chance to build some serious long positions for tons of pips. Daily 50ema is still well within the channel.
I wasn't even thinking that far down. . . I think you target of 205.40/80 area is a good target as that seemed to be the toughest resistance on the way up and should serve as solid support now. . . A re-test of 204.40/50 area would bring back into play 203.50/70 area. . .
  • #77,106
  • Apr 30, 2008 2:31pm Apr 30, 2008 2:31pm
Quoting hussin naiji
Q
what is your point of view about euryen ??
I don't follow that one like I use too. . .
  • #77,107
  • Apr 30, 2008 2:32pm Apr 30, 2008 2:32pm
Quoting sarama001
Come on man, do you expect it to fall like that. It is a gradual process. That is why you should have a wide SL.
i can't afford a $100 stop loss....
my stop kicked it out for another $20 loss SH!T!!!!!!!!!!!!

i suck today...i knew i should have hid under the blankets today.

i need to change my leverage....
  • #77,108
  • Apr 30, 2008 2:34pm Apr 30, 2008 2:34pm
Quoting johnchia
the best way is to stay aside till news finally digest by the market
like after 2-3hrs, so u will get a clearer picture. GJ is a big mover 50-100 in 1min can happen anytime. n yet the way i see this current fall of GJ is coz of profit taking, imho GJ still have room to go up, i have a sell limit at 208 anyway
If it gets to 208 then it will retrace back up to 208.99/209 area, a break there would see 210.50/211 . . .JMHO

208 is a risky short IMO. . . Take a look at your daily pivots bro. . .
  • #77,109
  • Apr 30, 2008 2:37pm Apr 30, 2008 2:37pm
Quoting quecee5
I wasn't even thinking that far down. . . I think you target of 205.40/80 area is a good target as that seemed to be the toughest resistance on the way up and should serve as solid support now. . . A re-test of 204.40/50 area would bring back into play 203.50/70 area. . .
It's having trouble getting through the 38.2 fib/weekly pivot at 206.24. I hope it can at least get to the 50 fib so my long would have a decent target. Tomorrow I think if the NFP came out really bad, GJ might retest the daily 50ema again.
  • #77,110
  • Apr 30, 2008 2:37pm Apr 30, 2008 2:37pm
Quoting kstorm88
i can't afford a $100 stop loss....
my stop kicked it out for another $20 loss SH!T!!!!!!!!!!!!

i suck today...i knew i should have hid under the blankets today.

i need to change my leverage....
sorry to heard that .. here is an advice... learn proper MM b4 u trade with real cash ... trading is the easiest (only up or down) yet the hardest job u will ever know
Sometimes in order to see the light, you have to risk the dark
  • #77,111
  • Apr 30, 2008 2:38pm Apr 30, 2008 2:38pm
I dont like how these bars are looking
  • #77,112
  • Apr 30, 2008 2:38pm Apr 30, 2008 2:38pm
Quoting kstorm88
i can't afford a $100 stop loss....
my stop kicked it out for another $20 loss SH!T!!!!!!!!!!!!

i suck today...i knew i should have hid under the blankets today.

i need to change my leverage....
Three words for you...... babypips dot com.

Bless
Patience + Discipline - Greed = Success
  • #77,113
  • Apr 30, 2008 2:39pm Apr 30, 2008 2:39pm
Could go either way from this level...hopefully I think we're just retesting support turned resistance just MHO...

5mins chart(don't normally use them but seem to be OK on this move today...)

What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy 5mins.gif Size: 33 KB
  • #77,114
  • Apr 30, 2008 2:41pm Apr 30, 2008 2:41pm
Ah thx Q for pointing that out for me. My reason to short from 208 is i saw some though rez in past. is my bad that didnt take in the pivot into account to place the order
Quoting quecee5
If it gets to 208 then it will retrace back up to 208.99/209 area, a break there would see 210.50/211 . . .JMHO

208 is a risky short IMO. . . Take a look at your daily pivots bro. . .
Sometimes in order to see the light, you have to risk the dark
  • #77,115
  • Apr 30, 2008 2:41pm Apr 30, 2008 2:41pm
Quoting shakesfx
Could go either way from this level...hopefully I think we're just retesting support turned resistance just MHO...

5mins chart(don't normally use them but seem to be OK on this move today...)

What do you think?

It is better you using higher time frame and will give you better view.
  • #77,116
  • Apr 30, 2008 2:41pm Apr 30, 2008 2:41pm
shahroodi koja hasti ??
  • #77,117
  • Apr 30, 2008 2:42pm Apr 30, 2008 2:42pm
Quoting shakesfx
Could go either way from this level...hopefully I think we're just retesting support turned resistance just MHO...

5mins chart(don't normally use them but seem to be OK on this move today...)

What do you think?
Agree
  • #77,118
  • Apr 30, 2008 2:42pm Apr 30, 2008 2:42pm
FWIW PA on UJ is still http://thumbs.dreamstime.com/thumbim...3546ln4yNT.jpg
Patience + Humility + Study = Success
  • #77,119
  • Apr 30, 2008 2:42pm Apr 30, 2008 2:42pm
Quoting DutchTrader
Interesting. I usually just draw from the lowest point but that's got merit i suppose. Anyone? FWIW I'm on the Daily and on the daily there's nothing till 103.21ish
Yep. . .
Attached Image (click to enlarge)
Click to Enlarge Name: daily chart price action.gif Size: 14 KB
  • #77,120
  • Apr 30, 2008 2:42pm Apr 30, 2008 2:42pm
Quoting kstorm88
i can't afford a $100 stop loss....
my stop kicked it out for another $20 loss SH!T!!!!!!!!!!!!

i suck today...i knew i should have hid under the blankets today.

i need to change my leverage....
Get a demo account, IMO if you continue Live, ur account has officially been pimped, em em sorry blown
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