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

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

#77,901
May 2, 2008 9:26am May 2, 2008 9:26am

lilmoe
Joined Aug 2007 | Status: The Weather Man | 8,859 Posts

Quoting Clouds

Disliked

Must.. Short.. GJ

Ignored

#77,902
May 2, 2008 9:29am May 2, 2008 9:29am

Dmac
| Joined Feb 2008 | Status: New York | 581 Posts

Quoting lilmoe

Disliked

Ignored

I don't get it. What's so funny?

#77,903
May 2, 2008 9:29am May 2, 2008 9:29am

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

http://www.fs.fed.us/r6/malheur/fore...falling-sm.jpg

#77,904
May 2, 2008 9:32am May 2, 2008 9:32am

Dmac
| Joined Feb 2008 | Status: New York | 581 Posts

Quoting Piters

Disliked

http://www.fs.fed.us/r6/malheur/fore...falling-sm.jpg

Ignored

Now that's funny but I think that tree will fall slowly. Bit's at a time.

#77,905
May 2, 2008 9:33am May 2, 2008 9:33am

Dmac
| Joined Feb 2008 | Status: New York | 581 Posts

Retesting on 15 min right now.

#77,906
May 2, 2008 9:33am May 2, 2008 9:33am

karmostaji
Joined Nov 2006 | Status: Dubai | 11,493 Posts | Online Now

Quoting Dmac

Disliked

Hey Karmo, What do you think? Should we short now or wait for hr to close or not short at all?

Ignored

short only if 1H candle closes below gann hilo and 1H QQE crosses downwards otherwise no

Trade what you see, not what you think.

#77,907
May 2, 2008 9:37am May 2, 2008 9:37am

Dmac
| Joined Feb 2008 | Status: New York | 581 Posts

Quoting karmostaji

Disliked

short only if 1H candle closes below gann hilo and 1H QQE crosses downwards otherwise no

Ignored

Gotcha Karmo, Thanks and I agree.We must not jump the gun.

#77,908
May 2, 2008 9:37am May 2, 2008 9:37am

lilmoe
Joined Aug 2007 | Status: The Weather Man | 8,859 Posts

it's like he's saying "Must....drink..waterrrr...."

he desperately wants to short the pair...

Quoting Dmac

Disliked

I don't get it. What's so funny?

Ignored

#77,909
May 2, 2008 9:44am May 2, 2008 9:44am

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

138 here we come

#77,910
May 2, 2008 9:45am May 2, 2008 9:45am

DutchTrader
| Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts

Quoting Clouds

Disliked

138 here we come

Ignored

Patience + Humility + Study = Success

#77,911
May 2, 2008 9:45am May 2, 2008 9:45am

lilmoe
Joined Aug 2007 | Status: The Weather Man | 8,859 Posts

Quoting Clouds

Disliked

138 here we come

Ignored

dude are u talking about UJ or GJ?

#77,912
May 2, 2008 9:46am May 2, 2008 9:46am

Dmac
| Joined Feb 2008 | Status: New York | 581 Posts

Quoting lilmoe

Disliked

it's like he's saying "Must....drink..waterrrr...."

he desperately wants to short the pair...

Ignored

Duh, now I get it. Bro, that one went right over my head.

Delayed reaction.

If we break 207.50, I'd say your good to go. Untill then still don't know.

#77,913
May 2, 2008 9:46am May 2, 2008 9:46am

arezab
Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts

I think daily pivot and S1 will play out today. NFP was slightly better but the overall US economic conditions are worser than this.

GU has broken down the H1 support line and currently trending down may be starting consolidation for a while. UJ completed it's uptrend and starting a retrace. I think this will pull GJ down.

If the red support line is broken down:

My 1st target is 206.20 (daily pivot +20)
2nd target : 205.20 (daily S1 + 20)

positions already secured on +2 pips so they are free trades now ... sorry for delay to post this.

I'm leaving ... will come back couple of hours later.

Good trading for everybody.
Cheers

Attached Image (click to enlarge)