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

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

#77,641
May 1, 2008 5:48pm May 1, 2008 5:48pm

Clouds
Joined Apr 2008 | Status: Trader | 7,674 Posts

Quoting kstorm88

Disliked

so i suppose now would be a bad time to buy or what...i need input because my fingers are itchy!!
:

Ignored

I just bought, but I'm crazy

#77,642
May 1, 2008 5:50pm May 1, 2008 5:50pm

kstorm88
| Joined Apr 2008 | Status: Piptacular | 201 Posts

well, its got support and no real upcoming resistance so......... should i?

#77,643
May 1, 2008 5:53pm May 1, 2008 5:53pm

Clouds
Joined Apr 2008 | Status: Trader | 7,674 Posts

Quoting kstorm88

Disliked

well, its got support and no real upcoming resistance so......... should i?

Ignored

I think it's risky. It's big pip spread, (But) GBP/USD is moving up, and USD/JPY is steady flat, and Toyko opens in 8 minutes. Don't take my advice, others may be able to help better answer this question.

#77,644
May 1, 2008 5:54pm May 1, 2008 5:54pm

kstorm88
| Joined Apr 2008 | Status: Piptacular | 201 Posts

Quoting Clouds

Disliked

I think it's risky. It's big pip spread, (But) GBP/USD is moving up, and USD/JPY is steady flat, and Toyko opens in 8 minutes. Don't take my advice, others may be able to help better answer this question.

Ignored

Good thinking!

#77,645
May 1, 2008 6:06pm May 1, 2008 6:06pm

kstorm88
| Joined Apr 2008 | Status: Piptacular | 201 Posts

wait the japanese market doesn't open today because of the holiday...duh my bad

#77,646
May 1, 2008 6:06pm May 1, 2008 6:06pm

Clouds
Joined Apr 2008 | Status: Trader | 7,674 Posts

Looks like forming triangle on daily chart, any thoughts, up / down?

#77,647
May 1, 2008 6:09pm May 1, 2008 6:09pm

Rustyyy
| Joined Jun 2007 | Status: Keeping my head above the clouds | 814 Posts

Quoting kstorm88

Disliked

wait the japanese market doesn't open today because of the holiday...duh my bad

Ignored

You sure about this ????

Japan's financial markets will be closed on April 29 and May 5-6 for national holidays.

#77,648
May 1, 2008 6:09pm May 1, 2008 6:09pm

shakesfx
| Membership Revoked | Joined Apr 2008 | 2,468 Posts

Quoting malcolmb14

Disliked

some days are 600 pips candles ...why suffer big draw downs trading only one side of the market ?. I prefer to trade both sides of the market .. .why get married to one direction or the other ?.

The gj is in a downward trending channel on the 60 min right now , and the top to bottom is 250 pips. I am currently long on a 60 min chart and am keeping an eye on the chart every 1 hour to see if a pivot forms at the top of this channel

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Ignored

I have been trading both sides up and down this channel, this time though I'm holding long until I see a reason not too...this thread's system and PA also are telling me to stay with this Long trade. I may be wrong of course. Today I held my position as I knew it was smart money manipulation and a Long Squeeze. As this happens normally before a large rally I will wait and see what happens.

Of course we may be rejected from the top down channel trendline in which case I'll jump, TP and wait for another entry, but this price action on the way up to this point from 1300GMT may be the Up channel bottom trendline now?

#77,649
May 1, 2008 6:10pm May 1, 2008 6:10pm

kstorm88
| Joined Apr 2008 | Status: Piptacular | 201 Posts

so you think buying the gbp/usd is a safe bet?

#77,650
May 1, 2008 6:15pm May 1, 2008 6:15pm

Clouds
Joined Apr 2008 | Status: Trader | 7,674 Posts

Quoting kstorm88

Disliked

so you think buying the gbp/usd is a safe bet?

Ignored

Don't know.... But, Looks like people are selling USd, on most pairs, gearing up for the bad US news tomorrow

#77,651
May 1, 2008 6:23pm May 1, 2008 6:23pm

kstorm88
| Joined Apr 2008 | Status: Piptacular | 201 Posts

is anyone doing anything righ now? clouds..what are you doing?

#77,652
May 1, 2008 6:24pm May 1, 2008 6:24pm

Clouds
Joined Apr 2008 | Status: Trader | 7,674 Posts

Quoting kstorm88

Disliked

is anyone doing anything righ now? clouds..what are you doing?

Ignored

I'm thinking of switching to Aussie tonight

#77,653
May 1, 2008 6:28pm May 1, 2008 6:28pm

Clouds
Joined Apr 2008 | Status: Trader | 7,674 Posts

Quoting kstorm88

Disliked

so you think buying the gbp/usd is a safe bet?

Ignored

Hey KStorm88,
Do you have page I can look at Roll Over costs for shorting pairs?

#77,654
May 1, 2008 6:34pm May 1, 2008 6:34pm

mktjong
| Joined Nov 2006 | Status: Trader | 5,040 Posts

Well, try to chime in a bit in this quiet afternoon

Here are the charts of future Dow and US 30 yrs Bond. The latter has an inverse relationship with Geppy. Both are at solid Resistance and support. I closed all my long positions minutes ago. I think Geppy would pull back a little until London or tomorrow NFP news. This is only my observation .. well, trade well guys .. see u later.

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