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

  • #79,761
  • May 9, 2008 10:00am May 9, 2008 10:00am
Quoting lilmoe
shakes, this is another example of going long (just like i did yesterday) been long (small order, while keeping my shorts) since 200.20 waiting on an h4 retracement. however, i thought i'd keep these longs since i had reversal signals on m30 (bullish engulfing pattern). plus the ascending wedge i posted earlier which bounced off the TL scotty b pointed out earlier.

lets see how this plays out.

I see it, cheers bro. Ok, I've got 2 lots on the table, one at BE and one running with a tight SL....seems to be running out of steam at the moment...getting ready to Short if we start dropping...
  • #79,762
  • May 9, 2008 10:02am May 9, 2008 10:02am
in the next week retail sales USA
with decrease personal income
  • #79,763
  • May 9, 2008 10:05am May 9, 2008 10:05am
Closed Longs, feels poised for another drop IMHO.

I'll be going Short if we have a 15min candle close below 200.17, if 200.17 not reached I'll be on sidelines till Sun evening
  • #79,764
  • May 9, 2008 10:06am May 9, 2008 10:06am
Quoting for_idea
signal down?
what signal bro ?

look at the charts

nyway, welcome to FF
  • #79,765
  • May 9, 2008 10:06am May 9, 2008 10:06am
our winner card is AUDYEN-NZDYEN in the next week
  • #79,766
  • May 9, 2008 10:08am May 9, 2008 10:08am
Quoting mktjong
I am expecting it retraces to 4 hr 5 sma. Went long a small lot from here..I can surely be wrong.
Mission accomplished .. it is indeed a good S/R level..
  • #79,767
  • May 9, 2008 10:11am May 9, 2008 10:11am
Quoting mktjong
Keep in mind .. gold is falling sharply. A sign for risk appetite to return?
Definitely keeping an eye on it, I see a bear flag on the 4H chart (GOLD) and price is currently sitting on the lower TL, if it breaks then assuming risk appetite coming back should pull GJ up
Trade what you see, not what you think.
  • #79,768
  • May 9, 2008 10:11am May 9, 2008 10:11am
Quoting mktjong
Mission accomplished .. it is indeed a good S/R level..

wow, didn't see ur post bro! good job!
  • #79,769
  • May 9, 2008 10:12am May 9, 2008 10:12am
Quoting Srikanth
what signal bro ?

look at the charts

nyway, welcome to FF

if it crosses 200.80 - 200.70 i mean
  • #79,770
  • May 9, 2008 10:17am May 9, 2008 10:17am
long stopped out at 50 pips green
  • #79,771
  • May 9, 2008 10:17am May 9, 2008 10:17am
Bermhttp://www.bermudastyles.com/bermuda...a-triangle.jpg
Patience + Humility + Study = Success
  • #79,772
  • May 9, 2008 10:19am May 9, 2008 10:19am
I'm going South from here at 200.75 instead of 200.17...Will see if we drop from here...Tight SL as nothing's certain at the moment
  • #79,773
  • May 9, 2008 10:20am May 9, 2008 10:20am
Quoting DutchTrader
Bermhttp://www.bermudastyles.com/bermuda...a-triangle.jpg
Is this where all the Good Economic data disappeared to?? LOL
  • #79,774
  • May 9, 2008 10:24am May 9, 2008 10:24am
SHORT!!!!
  • #79,775
  • May 9, 2008 10:26am May 9, 2008 10:26am
Quoting karmostaji
Definitely keeping an eye on it, I see a bear flag on the 4H chart (GOLD) and price is currently sitting on the lower TL, if it breaks then assuming risk appetite coming back should pull GJ up
So far .. only a sign of retracement .. yeah .. lower TL needs to break hard ..
Otherwise, the uptrend is still intact tho..
Attached Image
  • #79,776
  • May 9, 2008 10:34am May 9, 2008 10:34am
Quoting shakesfx
I'm going South from here at 200.75 instead of 200.17...Will see if we drop from here...Tight SL as nothing's certain at the moment
Closed all trades...Price isn't moving quickly enough either direction for me at the moment.
Will wait until Sun. Evening or Monday morning to trade now. Thanks everyone for all your views - hope you all had a green pip week!!

See you all next week for the next edition of "Kill the Beast"

Cheers

Shakes
  • #79,777
  • May 9, 2008 10:38am May 9, 2008 10:38am
Wouldn't be thinking long until price has tested next major support @ 198.07

Otherwise, short all GJ rallies in a downtrend market. . .

  • #79,778
  • May 9, 2008 10:41am May 9, 2008 10:41am
QQQQQQ what are you doing here dude! Go and pack your bags on go on your vaccation. You are banned from here for now
  • #79,779
  • May 9, 2008 10:46am May 9, 2008 10:46am
why too fast? this will go down..

Quoting shakesfx
Closed all trades...Price isn't moving quickly enough either direction for me at the moment.
Will wait until Sun. Evening or Monday morning to trade now. Thanks everyone for all your views - hope you all had a green pip week!!

See you all next week for the next edition of "Kill the Beast"

Cheers

Shakes
  • #79,780
  • May 9, 2008 10:48am May 9, 2008 10:48am
Quoting vinesh2
QQQQQQ what are you doing here dude! Go and pack your bags on go on your vaccation. You are banned from here for now


hehehehe, yea, enjoy ur trip Q
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