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

  • #79,401
  • May 8, 2008 9:36am May 8, 2008 9:36am
The Dow is positive meaning................
  • #79,402
  • May 8, 2008 9:37am May 8, 2008 9:37am
Quoting Infinity
Hi Mike, I still have a small long open and waiting on the daily close to determine whether I should hold or not. I don't see any reason for a major breakdown right now and I think the range will continue. A day close below 203.5 will change my mind however.

Bless
Still holding long since yesterday? LOL... good luck with it.
  • #79,403
  • May 8, 2008 9:37am May 8, 2008 9:37am
still holding gold positions more further to reach about 500 pip.
  • #79,404
  • May 8, 2008 9:37am May 8, 2008 9:37am
DT where is your Picture?
  • #79,405
  • May 8, 2008 9:38am May 8, 2008 9:38am
Quoting sifoorex
Still holding long since yesterday? LOL... good luck with it.
Patience + Discipline - Greed = Success
  • #79,406
  • May 8, 2008 9:39am May 8, 2008 9:39am
Double bottom in the making on 4hr.
  • #79,407
  • May 8, 2008 9:39am May 8, 2008 9:39am
Quoting Infinity
Hi Mike, I still have a small long open and waiting on the daily close to determine whether I should hold or not. I don't see any reason for a major breakdown right now and I think the range will continue. A day close below 203.5 will change my mind however.

Bless
mate, it is up to you, but hedge or be more carefull, I believe that weve 5 Down is on, and carry unwindiing.. first target bellow 198..

JMHO
  • #79,408
  • May 8, 2008 9:41am May 8, 2008 9:41am
Quoting Infinity
Hi Mike, I still have a small long open and waiting on the daily close to determine whether I should hold or not. I don't see any reason for a major breakdown right now and I think the range will continue. A day close below 203.5 will change my mind however.

Bless
I agree with you 100%. If it holds, that will give me solid conviction to place another buy aiming for the top of the range again, which would be just a simple range play. I'll be unloading my profits throughout the range towards the top if we do see that bullish close happen.
I dream, therefore I become.
  • #79,409
  • May 8, 2008 9:42am May 8, 2008 9:42am
Quoting Piters
mate, it is up to you, but hedge or be more carefull, I believe that weve 5 Down is on, and carry unwindiing.. first target bellow 198..

JMHO
Wave 5
Attached Image (click to enlarge)
Click to Enlarge Name: gj- weekly2.gif Size: 17 KB
  • #79,410
  • May 8, 2008 9:44am May 8, 2008 9:44am
Quoting PandoraBox
Wave 5
wave 4 should close above 211 bro..
  • #79,411
  • May 8, 2008 9:45am May 8, 2008 9:45am
Looking very bearish.
  • #79,412
  • May 8, 2008 9:46am May 8, 2008 9:46am
Next target on UJ 102.30
Patience + Humility + Study = Success
  • #79,413
  • May 8, 2008 9:48am May 8, 2008 9:48am
long GJ target @ 204 time will tell
just a mini position
  • #79,414
  • May 8, 2008 9:48am May 8, 2008 9:48am
Quoting Srikanth
wave 4 should close above 211 bro..
wave 4 is into wave 1
therefore you must change your connting
  • #79,415
  • May 8, 2008 9:48am May 8, 2008 9:48am
Quoting Srikanth
wave 4 should close above 211 bro..
Wave 4 already finish...and wave 5 already on ...
  • #79,416
  • May 8, 2008 9:50am May 8, 2008 9:50am
Quoting Piters
mate, is up to you, but hedge or be more carefull, I believe that weve 5 Down is on, and carry unwindiing.. first target bellow 198..

JMHO
I don't hedge, I use stop loss,reduce losing positions and add to winning ones. This remaining position I have is very small thus drawdown is very small. Thanks for your concern but I'll know when to close this trade....and looking at my 4h candles, it could be soon.
Patience + Discipline - Greed = Success
  • #79,417
  • May 8, 2008 9:52am May 8, 2008 9:52am
Let me show you DOW... the white spike is just after opening, now is back down... and down... and down...

http://www.doske.com/Charts/snapshot-100.png


Also Pay attention on DOW weekly, look at those Yellow vertical lines and stochastic, and answer when Stoch is entering bellow 80 , what is happening with DOW... Note the Dates.. and compare with GY..

Good Luck


http://www.doske.com/Charts/snapshot-101.png
  • #79,418
  • May 8, 2008 9:53am May 8, 2008 9:53am
Gld second target approaches and now the third target in play .
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 14 KB
  • #79,419
  • May 8, 2008 9:54am May 8, 2008 9:54am
If H1 GJ close below 203...we will see 200...5minute
  • #79,420
  • May 8, 2008 9:54am May 8, 2008 9:54am
Quoting DutchTrader
Next target on UJ 102.30
103.5 is a
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