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

  • #80,901
  • May 14, 2008 5:29am May 14, 2008 5:29am
Quoting lilmoe
yes. and i'm biting my nails for putting a stop on my short since 202.50. i should have made it 50 pips. but i really didn't think it was going to "spike" up that much. but since it did, i thought it shouldn't retrace that much, but it did....

i'm staying out, until i get a clear direction.
iam still targeting to 205.46
  • #80,902
  • May 14, 2008 5:29am May 14, 2008 5:29am
Quoting OrionsWay
Inflation/deflation is one of the largest conspiracies going, Cant blame the country. Sure can blame the ppl whom conspire with the central banks of the world which just happen to be the same ppl's which govern our countries. Cant blame the country. LOL

well. i was reading an article recently about oil and oil prices. OPEC has more than 60% of the market. and the guys there are saying that supply is way more than demand (makes u wonder what's raising oil prices that much). demand on oil is getting lower and lower, more that it was when oil was at 50-70$ a barrel. the article also mentions that oil prices have always been under the control of a certain "group" that distributes wealth across the globe and then recollects it again, in a fluctuating cycle. i guess that's how they keep things running around here on this planet. maybe u should blame "them". lol

i think it is way not fair for the 80% of the world with an income less than $7k a year should pay the same amount for gas and food as others who are considered "under poverty line" for making less than $22K a year and receive food stamps.

makes u doubt justice, and even makes u hate globalization more and more.

personally speaking. if it wasn't for my 20% profit on forex, a job would be as good as working for free at my side of the planet. the average income here is 300$ (three hundred dollars), do u think that's enough to fill up ur tank at the end of the month? who knows.

don't get me wrong. there are a 2% at this side that make more than 1k a month


OPEC participants
  • #80,903
  • May 14, 2008 5:32am May 14, 2008 5:32am
Quoting Jerry
iam still targeting to 205.46

lol yea, u'd have a different mindset if u're already in a trade. i'm at B/E on GJ now, nothing made, nothing lost today. i made really good pips yesterday. and today, i made some good pips also on cable. target reached actually. but hey, the more the marier.
  • #80,904
  • May 14, 2008 5:35am May 14, 2008 5:35am
lilmoe, some may disagree with this, but the truth is it is reality in totality. And they are the money and can and will support anything their vision wants and there isnt enough money on the planet to stop their desires.

http://video.google.com/videoplay?do...84583209015812
"Millionaires don't use astrology, billionaires do"
  • #80,905
  • May 14, 2008 5:37am May 14, 2008 5:37am
Quoting Jerry
iam still targeting to 205.46
Wow, i made some stupid trades in the past hour, I'm back long, and I refuse touch my platform for a few hours.
  • #80,906
  • May 14, 2008 5:37am May 14, 2008 5:37am
im long at 90 4hh5 5sma, lets see how it goes
  • #80,907
  • May 14, 2008 5:39am May 14, 2008 5:39am
Quoting Jerry
iam still targeting to 205.46
i think it's going to go down to 203.45ish than up 204.30 if it can manage to break above 204.50 area than it may keep climbing but i think it'll bounce downwards towards 202.00 land.
  • #80,908
  • May 14, 2008 5:40am May 14, 2008 5:40am
btw, my target for cable at 1.9359 was reached successfully today for a good total of 350 pips. no more shorts on cable. dang i love that pair. very easy money (compared to the beast)
  • #80,909
  • May 14, 2008 5:49am May 14, 2008 5:49am
I wish it would go to 207. On the Daily TF, it looks long.

Quoting Jerry
iam still targeting to 205.46
  • #80,910
  • May 14, 2008 5:50am May 14, 2008 5:50am
Quoting Evilgoat
i think it's going to go down to 203.45ish than up 204.30 if it can manage to break above 204.50 area than it may keep climbing but i think it'll bounce downwards towards 202.00 land.
why not, let see
  • #80,911
  • May 14, 2008 5:52am May 14, 2008 5:52am
All I can say is that was a perfect trendline bounce this morning on guppy.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_bounce.gif Size: 18 KB
  • #80,912
  • May 14, 2008 5:53am May 14, 2008 5:53am
Quoting lilmoe
btw, my target for cable at 1.9359 was reached successfully today for a good total of 350 pips. no more shorts on cable. dang i love that pair. very easy money (compared to the beast)
Congrats
  • #80,913
  • May 14, 2008 5:58am May 14, 2008 5:58am
Quoting lilmoe
btw, my target for cable at 1.9359 was reached successfully today for a good total of 350 pips. no more shorts on cable. dang i love that pair. very easy money (compared to the beast)
is that from the 6th or 7th high? that is bloody impressive. I normally get on a trade, make about 30 pips, start getting scared at retracements and close out hopefully once I have mastered all the ebooks you recommended, I'll be a little more confident about exits (and even entries).
  • #80,914
  • May 14, 2008 6:12am May 14, 2008 6:12am
Quoting rsharpe30
is that from the 6th or 7th high? that is bloody impressive. I normally get on a trade, make about 30 pips, start getting scared at retracements and close out hopefully once I have mastered all the ebooks you recommended, I'll be a little more confident about exits (and even entries).

i made a post about that last week, i think i posted a chart too. here it is again.

Attached Image (click to enlarge)
Click to Enlarge Name: daily_gu_fe.gif Size: 26 KB
  • #80,915
  • May 14, 2008 6:17am May 14, 2008 6:17am
Quoting lilmoe
i made a post about that last week, i think i posted a chart too. here it is again.

Attachment
Do you think it could go up from here
  • #80,916
  • May 14, 2008 6:23am May 14, 2008 6:23am
Quoting lilmoe
btw, my target for cable at 1.9359 was reached successfully today for a good total of 350 pips. no more shorts on cable. dang i love that pair. very easy money (compared to the beast)
The dollar is doing more damage to the crosses, then help lately.. It's helped bring up UJ a little, but has shut down gbp, nzd, eur, aud.
  • #80,917
  • May 14, 2008 6:27am May 14, 2008 6:27am
Core CPI m/m 8:30 , another bull run?
  • #80,918
  • May 14, 2008 6:39am May 14, 2008 6:39am
Quoting Islander
This is what I traded - all based on Bo's work - he's the Master / Teacher.

Trading off the internal fibs (DZ) allows a tighter stop and gives greater profits than the riskier breakouts - here a potential 196 pips http://www.forexfactory.com/images/icons/icon12.gif

Now to watch the reaction on the pull back into the narower DZ....
Hi Islander, do you have a link or thread where I can refer and learn this method completely? I like this Fibonacci trading. I've been trading skunny's method for a while and I like to have a look on this too.

Thanks
Discipline + Patience - Fear - Greed = Success
  • #80,919
  • May 14, 2008 6:39am May 14, 2008 6:39am
Im fully loaded, EJ, GJ, EJ, NJ, let's go bulls!
  • #80,920
  • May 14, 2008 6:43am May 14, 2008 6:43am
Quoting Clouds
Im fully loaded, EJ, GJ, EJ, NJ, let's go bulls!
be careful
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