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

  • #79,181
  • May 7, 2008 11:42pm May 7, 2008 11:42pm
that's what everyone said when i shorted 208.95, bro this is forex, ANYTHING Could happen. i'm not going long this time though.


Quoting ephisi
Risk reward of 1:15, buying at d bottom/catching a falling knife amongs other things.

Good trade, at least you should placee SL at BE soon.

i aint going long till my qes say so, ill be shorting around 4hr 5sma/15min 50 for 50 to 100pips if i see my signals
  • #79,182
  • May 7, 2008 11:45pm May 7, 2008 11:45pm
Long UJ off the trendline at 104.27 TP 104.71
Patience + Humility + Study = Success
  • #79,183
  • May 7, 2008 11:47pm May 7, 2008 11:47pm
what TL i thought it was breached...

Quoting DutchTrader
Long UJ off the trendline at 104.27 TP 104.71
  • #79,184
  • May 7, 2008 11:49pm May 7, 2008 11:49pm
Quoting lilmoe
FE 100% has been our rebound level for some time now, this is where i shorted at 208.95 the last time. however, i'm not adding any longs, i'm sitting sideways. we still have a chance to breach that level. interest rates today for sterling, anything could happen.

Attachment
I think these are already priced in. I think any hawkish action or suggestions from the central banks will send both pairs back up a few pips.
Patience + Discipline - Greed = Success
  • #79,185
  • May 7, 2008 11:49pm May 7, 2008 11:49pm
Quoting DutchTrader
Long UJ off the trendline at 104.27 TP 104.71
Pin Bar to Pin Bar would have been a nice trade.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #79,186
  • May 7, 2008 11:50pm May 7, 2008 11:50pm
Quoting lilmoe
what TL i thought it was breached...
It was on the daily, my fault. Think it might be bedtime
Patience + Humility + Study = Success
  • #79,187
  • May 7, 2008 11:52pm May 7, 2008 11:52pm
Quoting Infinity
I think these are already priced in. I think any hawkish action or suggestions from the central banks will send both pairs back up a few pips.

not necessarily changing the short term trend though...imo
  • #79,188
  • May 7, 2008 11:52pm May 7, 2008 11:52pm
Jarroo,

I only got the one at the top of the range
Patience + Humility + Study = Success
  • #79,189
  • May 7, 2008 11:52pm May 7, 2008 11:52pm
Quoting Infinity
I think it is an excellent trade. You stand to lose very little and you may well gain plenty pips.
yeah, i called it crazy, but i also called it good. with Sl at BE, there is nothing to loose and so much to gain
  • #79,190
  • May 7, 2008 11:53pm May 7, 2008 11:53pm
Quoting DutchTrader
Jarroo,

I only got the one at the top of the range
Nice.
Indicators show the past. Price Action "Indicates" the future.
  • #79,191
  • May 7, 2008 11:54pm May 7, 2008 11:54pm
Quoting lilmoe
that's what everyone said when i shorted 208.95, bro this is forex, ANYTHING Could happen. i'm not going long this time though.
And you were right! Have you turned to a bear? Where's the old lilmoe?
  • #79,192
  • May 7, 2008 11:54pm May 7, 2008 11:54pm
Quoting DutchTrader
It was on the daily, my fault. Think it might be bedtime
..............
Patience + Discipline - Greed = Success
  • #79,193
  • May 7, 2008 11:56pm May 7, 2008 11:56pm
Quoting ephisi
yeah, i called it crazy, but i also called it good. with Sl at BE, there is nothing to loose and so much to gain
Patience + Discipline - Greed = Success
  • #79,194
  • May 8, 2008 12:01am May 8, 2008 12:01am
Quoting Clouds
And you were right! Have you turned to a bear? Where's the old lilmoe?


until we reach 185, bear blood will remain in my veins
  • #79,195
  • May 8, 2008 12:02am May 8, 2008 12:02am
Nice.. i just close all my short position with more than 200 pips for 2 position from 206 and 205.

Neway, i beleive there is still more room for more downward movement.

Night everyone!
  • #79,196
  • May 8, 2008 12:03am May 8, 2008 12:03am
Quoting lilmoe
until we reach 185, bear blood will remain in my veins
I hope we have a repeat of 95', stuck in a 600 pip range.
  • #79,197
  • May 8, 2008 12:06am May 8, 2008 12:06am
Quoting Clouds
I hope we have a repeat of 95', stuck in a 600 pip range.

Sure, we will reach that soon. Carefull to all longs position when it happens..
  • #79,198
  • May 8, 2008 12:07am May 8, 2008 12:07am
Quoting lilmoe
not necessarily changing the short term trend though...imo
no.....maybe not immediate future, but I do see the pound going back up to 1.98 and the eur may well test 1.59 not too long from now. I think the yen wants to go to 108 and the geppy wants above 210....lets see what happens...
Patience + Discipline - Greed = Success
  • #79,199
  • May 8, 2008 12:08am May 8, 2008 12:08am
Quoting Infinity
no.....maybe not immediate future, but I do see the pound going back up to 1.98 and the eur may well test 1.59 not too long from now. I think the yen wants to go to 108 and the geppy wants above 210....lets see what happens...
i think the Euro will go up too. I'm long EJ too )
  • #79,200
  • May 8, 2008 12:10am May 8, 2008 12:10am
Quoting Infinity
no.....maybe not immediate future, but I do see the pound going back up to 1.98 and the eur may well test 1.59 not too long from now. I think the yen wants to go to 108 and the geppy wants above 210....lets see what happens...
Not till NY after the rate decisions
Patience + Humility + Study = Success
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