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

  • #77,921
  • May 2, 2008 9:59am May 2, 2008 9:59am
Quoting Dmac

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

if that's broken (h4 closes below it) GJ might go all the way to 204.64
  • #77,922
  • May 2, 2008 10:00am May 2, 2008 10:00am
Quoting DutchTrader
UJ headed back below 105 on the charts
GBP/USD going up too :/
  • #77,923
  • May 2, 2008 10:01am May 2, 2008 10:01am
Quoting Clouds
Bad joke
I get it now bro. np
  • #77,924
  • May 2, 2008 10:02am May 2, 2008 10:02am
Quoting Clouds
GBP/USD going up too :/
I think short covering going into the weekend. Cable is going down next week.
Patience + Discipline - Greed = Success
  • #77,925
  • May 2, 2008 10:02am May 2, 2008 10:02am
Broker, broker, I didn't mean to press that button.
  • #77,926
  • May 2, 2008 10:05am May 2, 2008 10:05am
Quoting arezab
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
Hey dude .. I like your chart very much .. good job
  • #77,927
  • May 2, 2008 10:10am May 2, 2008 10:10am
retracing up would be a better concept

Quoting Clouds
GBP/USD going up too :/
  • #77,928
  • May 2, 2008 10:11am May 2, 2008 10:11am
Quoting lilmoe
retracing up would be a better concept
Right
  • #77,929
  • May 2, 2008 10:14am May 2, 2008 10:14am
Quoting Dmac
I agree. Looks like down from 209. Big guys push the price up before news knowing it will be negative but better than expected. Retailers buy on better than expected news yet still negative. Big guys now short at way overbought price. Big guys make big money!

I know that Big Guy
  • #77,930
  • May 2, 2008 10:17am May 2, 2008 10:17am
Well, this is only my observation or you may call it "Speculation"
The price would go back to test the 208.90 area or even a bit higher if not today maybe on Monday morning. If it can't get thru, then it would drop like a stone to 205-206 area ..
  • #77,931
  • May 2, 2008 10:18am May 2, 2008 10:18am
Missed my short but 10 pips from 209 area shucks! hahah No worries will look for other opportunities i guess. Whats up Q man you been pretty quiet stop counting the doe!
  • #77,932
  • May 2, 2008 10:19am May 2, 2008 10:19am
Bank Holiday Monday in UK...so nice volatility me thinks
  • #77,933
  • May 2, 2008 10:21am May 2, 2008 10:21am
short GU 1.9770
  • #77,934
  • May 2, 2008 10:24am May 2, 2008 10:24am
Quoting PandoraBox
I agree. Looks like down from 209. Big guys push the price up before news knowing it will be negative but better than expected. Retailers buy on better than expected news yet still negative. Big guys now short at way overbought price. Big guys make big money!
I thought big guys don't trade the news. I thought it was a bunch of little guys trying to win the jackpot. Lol.
  • #77,935
  • May 2, 2008 10:26am May 2, 2008 10:26am
Quoting lilmoe
short GU 1.9770
Thanks. You're helping.
  • #77,936
  • May 2, 2008 10:30am May 2, 2008 10:30am
does ur stomach feel weird?


Quoting Clouds
Thanks. You're helping.
  • #77,937
  • May 2, 2008 10:34am May 2, 2008 10:34am
Quoting Clouds
I thought big guys don't trade the news. I thought it was a bunch of little guys trying to win the jackpot. Lol.
Just remember what happen to GJ last year...from 234.xx ....it jump up down from 234 to 227...then up back to 234..then 237...the shoot up to 240...then when it reach back 237....it take only 4h ....Gj drop around 1000pips...now it happen again. Big guy gain short from 240...

p/s: Thank you little bird.
  • #77,938
  • May 2, 2008 10:36am May 2, 2008 10:36am
Quoting PandoraBox
Just remember what happen to GJ last year...from 234.xx ....it jump up down from 234 to 227...then up back to 234..then 237...the shoot up to 240...then when it reach back 237....it take only 4h ....Gj drop around 1000pips...now it happen again. Big guy gain short from 240...

p/s: Thank you little bird.
That's what happens when you connect multiple banks, and a buunch of guys trying to follow a trend and wanting more and more and not having any target.
  • #77,939
  • May 2, 2008 10:38am May 2, 2008 10:38am
Geppy over all direction target 1000 pip.
  • #77,940
  • May 2, 2008 10:45am May 2, 2008 10:45am
Quoting Tiger Hunter
Geppy over all direction target 1000 pip.
Which direction?
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