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

  • #80,521
  • May 13, 2008 8:39am May 13, 2008 8:39am
Quoting lilmoe
short at 203.93, i'm showing that this is where the TL is at on my platform, i have a stop loss of 204.35, i feel like giving away some pips today
No doubt will it go up/down on the way up there, but I would think that by friday we will have built a pretty high sand castle.
  • #80,522
  • May 13, 2008 8:41am May 13, 2008 8:41am
Quoting iksh
UJ approaching Weekly R1 at 104.78 and GJ approaching bullish support turned resistence trendline at 203.91. will take position depending on GJ's response to the trendline.

Happy trading.
Retracement started right on the pip-

104.78 on UJ and 203.94 on GJ. Have to wait and see if this is a retracement or bounce of respective trendlilnes to the downside. Looks unlikely in the face of such strong economic data today.

Hope i dont develop trigger fingers now.

Happy trading.
  • #80,523
  • May 13, 2008 8:41am May 13, 2008 8:41am
Quoting lilmoe
call me crazy i'm short

Attachment

Still in bermudas from 205.33
  • #80,524
  • May 13, 2008 8:42am May 13, 2008 8:42am
Quoting Piters
Still in bermudas from 205.33

lets just hope this doesn't screw up. looool
  • #80,525
  • May 13, 2008 8:47am May 13, 2008 8:47am
Quoting lilmoe
lets just hope this doesn't screw up. looool
hm.. how we have a strong wall at the back.. so not much to lose.. LOL. good R:R

New 4H mom in few minutes
  • #80,526
  • May 13, 2008 8:49am May 13, 2008 8:49am
Quoting lilmoe
short at 203.93, i'm showing that this is where the TL is at on my platform, i have a stop loss of 204.35, i feel like giving away some pips today
I am thinking the same . though my platform has 203.91 as my trendline

Good luck to us both.

Happy trading.
  • #80,527
  • May 13, 2008 8:50am May 13, 2008 8:50am
Anybody notices Gold tumbles really hard... Traders dumps Chf. Risk aversion coming again or what?
Attached Image
  • #80,528
  • May 13, 2008 8:55am May 13, 2008 8:55am
DJ's tanking bro


Quoting mktjong
Anybody notices Gold tumbles really hard... Traders dumps Chf. Risk aversion coming again or what?
  • #80,529
  • May 13, 2008 8:59am May 13, 2008 8:59am
Quoting mktjong
Anybody notices Gold tumbles really hard... Traders dumps Chf. Risk aversion coming again or what?
The gold usually tumbles in face of dollar strength.

I think gold's lost ground in view of better than expected retail sales data, which might be contributing to UJ's strength or dollar strength. but i am not an expert on gold trades
  • #80,530
  • May 13, 2008 9:01am May 13, 2008 9:01am
Im hoping I can keep my Long through this retracement.....Assuming it is a retracement.
  • #80,531
  • May 13, 2008 9:02am May 13, 2008 9:02am
Quoting lilmoe
DJ's tanking bro
I know bro, it's agood opportunity to reload long at 4 hr 5 sma
Btw, I just did it.. let's see.. cross my fingers now ..
  • #80,532
  • May 13, 2008 9:02am May 13, 2008 9:02am
locked in some profit at 100 pips

thanks for giving them back karmo
  • #80,533
  • May 13, 2008 9:03am May 13, 2008 9:03am
http://www.doske.com/Charts/snapshot-103.png
  • #80,534
  • May 13, 2008 9:04am May 13, 2008 9:04am
Quoting mktjong
I know bro, it's agood opportunity to reload long at 4 hr 5 sma
Btw, I just did it.. let's see.. cross my fingers now ..
..woo..hoo.. it's in green now ..but I should not be over excited .. let's watch each other..
  • #80,535
  • May 13, 2008 9:05am May 13, 2008 9:05am
Quoting lilmoe
locked in some profit at 100 pips

thanks for giving them back karmo
Good job bro .. now it's time to give back to Karmo ..
  • #80,536
  • May 13, 2008 9:05am May 13, 2008 9:05am
The retracement from the bullish trendline at 203.95 may find support at 203.01 which is weekly pivot.
So closing my shorts there.
  • #80,537
  • May 13, 2008 9:16am May 13, 2008 9:16am
This was a bounce off the 1h 200ema and I think we will have a bounce up from the 1h 100sma or 50ema in the 202.6-8 area. I will wait and see how price reacts in this area....but I am thinking long...
Attached Image (click to enlarge)
Click to Enlarge Name: 1hge.GIF Size: 22 KB
Patience + Discipline - Greed = Success
  • #80,538
  • May 13, 2008 9:20am May 13, 2008 9:20am
Quoting mktjong
Good job bro .. now it's time to give back to Karmo ..

not so fast
  • #80,539
  • May 13, 2008 9:23am May 13, 2008 9:23am
Crosses appear to be done retracing... Let's see...
  • #80,540
  • May 13, 2008 9:23am May 13, 2008 9:23am
I am not going Long untill DOW retrace @ least to 1h gann + 50FIBO

http://www.doske.com/Charts/snapshot-105.png

or GY retrace to DPP or (0.618 FIBO)

http://www.doske.com/Charts/snapshot-106.png
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