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

  • #81,321
  • May 15, 2008 7:46am May 15, 2008 7:46am
Quoting sifoorex
Very tricky beast.. react very strange to the news.. However, hoping that USD TIC news will bring this beast more down.
Agreed, better wait for additional confirmation which is the TIC news.
  • #81,322
  • May 15, 2008 7:47am May 15, 2008 7:47am
I'm staying out for the meantime!
  • #81,323
  • May 15, 2008 7:48am May 15, 2008 7:48am
Quoting forexmoments
I'm staying out for the meantime!

good decision, this might reverse anytime soon.
  • #81,324
  • May 15, 2008 8:05am May 15, 2008 8:05am
Well, if am not wrong ..expecting it to pull back up to 4h 5 sma. Re-asses at there.
  • #81,325
  • May 15, 2008 8:13am May 15, 2008 8:13am
we must wait Philadelphia Fed Manufacturing Index it is very important???
  • #81,326
  • May 15, 2008 8:13am May 15, 2008 8:13am
Quoting lilmoe
good decision, this might reverse anytime soon.
i hope only after my target


updated: got it i'm +127 today (204.51>TP203.24)
  • #81,327
  • May 15, 2008 8:19am May 15, 2008 8:19am
Patience pays
From now on, its either stoploss or take profit hit, i have been holding short for hours.

Nymex crudeoil is heading for d skies, currently 126.38

DOW and S&P in bearish mode,

Lesson learnt

First fib target, 202.26 cos 4hr chart is setting up for 200pips trade
  • #81,328
  • May 15, 2008 8:22am May 15, 2008 8:22am
Quoting ephisi
Patience pays
From now on, its either stoploss or take profit hit, i have been holding short for hours.

Nymex crudeoil is heading for d skies, currently 126.38

DOW and S&P in bearish mode,

Lesson learnt

First fib target, 202.26 cos 4hr chart is setting up for 200pips trade
  • #81,329
  • May 15, 2008 8:25am May 15, 2008 8:25am
Quoting ephisi
Patience pays
From now on, its either stoploss or take profit hit, i have been holding short for hours.

Nymex crudeoil is heading for d skies, currently 126.38

DOW and S&P in bearish mode,

Lesson learnt

First fib target, 202.26 cos 4hr chart is setting up for 200pips trade
if we are closed this hour higher 203.76 , i dont think that we ll see 202 today,
  • #81,330
  • May 15, 2008 8:35am May 15, 2008 8:35am
Quoting GodfreyH
Thanks bro im really greatful, imagine i was short from 204.41 in asia held d trade for 5hours, moved Sl to BE and it took me out and immediately moved down,

Then i remembered Godfreys saying, I have vowed to holdo on to my trades, its either it kills me or i kill it


BTw if 4hr candle closes below 4hr gann and 203.50. say hight to

202
200
198


Cos i am currently watching futures DOW, s$P CRUDE oil is on steroids and you guys know what that means

LILMOES el toilet crapper

Bernanke is speaking and whenever he speaks, market tanks

Any further news will be ignored by DOW, expect a sell of on DOW

Meanwhile If lots of stops below 104.60 area on UJ, if it taken out its more confimstion
  • #81,331
  • May 15, 2008 8:36am May 15, 2008 8:36am
if we go to the hell i think good target is 201.55
  • #81,332
  • May 15, 2008 8:37am May 15, 2008 8:37am
Be careful of targeting below 203 right now. A break and close below it will be very good for shorts but it may well hold up.
There is the base of the 4h trendline there and also 1h 100sma.

Congrats to all who shorted at the top and held...
Attached Image (click to enlarge)
Click to Enlarge Name: 1h2.GIF Size: 24 KB
Patience + Discipline - Greed = Success
  • #81,333
  • May 15, 2008 8:37am May 15, 2008 8:37am
way to the GBP/JPY FF thread:

http://www.worth1000.com/entries/281...1012DiKH_w.jpg
Patience + Humility + Study = Success
  • #81,334
  • May 15, 2008 8:37am May 15, 2008 8:37am
This still holds true .. I wish I did't close my shorts earlier .. still battling my own confidence

http://www.forexfactory.com/showpost...ostcount=81199
  • #81,335
  • May 15, 2008 8:39am May 15, 2008 8:39am
Quoting Jerry
if we are closed this hour higher 203.76 , i dont think that we ll see 202 today,

sure wont
  • #81,336
  • May 15, 2008 8:47am May 15, 2008 8:47am
The daily does look set for a massive drop soon......

wonder how it will close today
Attached Image (click to enlarge)
Click to Enlarge Name: d1.GIF Size: 15 KB
Patience + Discipline - Greed = Success
  • #81,337
  • May 15, 2008 8:49am May 15, 2008 8:49am
Quoting lilmoe
sure wont
dont say "sure" noboby cant be sure on the forex market..
it's just my guess
  • #81,338
  • May 15, 2008 8:49am May 15, 2008 8:49am
202?...i think achievable..
  • #81,339
  • May 15, 2008 8:58am May 15, 2008 8:58am
Quoting Jerry
dont say "sure" noboby cant be sure on the forex market..
it's just my guess

u mean to say, nobody "CAN"....

but yea. it's just as u said. however, i'd like to see today's low broken in order to go short.
  • #81,340
  • May 15, 2008 9:03am May 15, 2008 9:03am
The evil forces have won. There won't be another unwinding, just buy and forget.
The DOW will make new all time highs and the dollar will strengthen.
Thanks
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