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

  • #81,801
  • May 16, 2008 1:31pm May 16, 2008 1:31pm
Quoting lilmoe
shakes. plz don't try to trade friday, especially at the end of the day. it's a bit risky. i've been short since more than 12 hours now. but i'm thinking u'll be ok


take care, i'm off for the week lots of "other" duties to do. right jacko? hehehe


see ya folks, it's been nice trading with you guys today
u too shakes, wish u the BEST of luck.
Cheers...Have a good one!!
  • #81,802
  • May 16, 2008 1:31pm May 16, 2008 1:31pm
here's something to ponder. here's my trendlines that have been pretty to look at this week. Fib from the low at 192 to the 209 peak and last week bounced off of the 50% at 200.75. Now today price bounced off of the 38% at 202.70...

so mr. fibonacci says this is going up to at least retest 209 peak and then up from there.

all my oscillators and all say down so it will be interesting next week, prolly will continue ranging like someone said til everything points in the same direction.

cheers
Attached Image (click to enlarge)
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  • #81,803
  • May 16, 2008 1:32pm May 16, 2008 1:32pm
Quoting lilmoe
shakes. plz don't try to trade friday, especially at the end of the day. it's a bit risky. i've been short since more than 12 hours now. but i'm thinking u'll be ok


take care, i'm off for the week lots of "other" duties to do. right jacko? hehehe


see ya folks, it's been nice trading with you guys today
u too shakes, wish u the BEST of luck.
Have a good one bro!
Patience + Discipline - Greed = Success
  • #81,804
  • May 16, 2008 1:52pm May 16, 2008 1:52pm
If we get a daily close above 203.50 then there is great chance that we might see higher numbers again but if we close below it then look out below. 203.50 is a very very strong support and resis area. I have been trading it past two days up and down and it serverd be nicely. Today is Weekley so if we get a close above weekley Pivot then again we will see highs before low's just my opinion. I would suggest closing out all positions before market close tday personally i dont like keeping open position over the weekend
  • #81,805
  • May 16, 2008 1:56pm May 16, 2008 1:56pm
Quoting vinesh2
If we get a daily close above 203.50 then there is great chance that we might see higher numbers again but if we close below it then look out below. 203.50 is a very very strong support and resis area. I have been trading it past two days up and down and it serverd be nicely. Today is Weekley so if we get a close above weekley Pivot then again we will see highs before low's just my opinion. I would suggest closing out all positions before market close tday personally i dont like keeping open position over the weekend

Cheers bro...Think market's trying to close above 204 today
  • #81,806
  • May 16, 2008 2:04pm May 16, 2008 2:04pm
Quoting shakesfx
Cheers bro...Think market's trying to close above 204 today
I don't see that happening....but if it does that would be quite bullish indeed
Patience + Discipline - Greed = Success
  • #81,807
  • May 16, 2008 2:05pm May 16, 2008 2:05pm
Price bounced off 203.70-75 which is the 61.8 Fib from the move down this morning from 204.40 to 202.60...

Wondering if 203.50 will stop the move down...
  • #81,808
  • May 16, 2008 2:18pm May 16, 2008 2:18pm
Quoting shakesfx
Cheers bro...Think market's trying to close above 204 today
you need a lot of CASH (intervention maybe)to move the market above 204 in less the 45min,
a lot of resistance (DPP. Gann, 200ema)
  • #81,809
  • May 16, 2008 2:21pm May 16, 2008 2:21pm
We don't need the price to close above 204 all we need is price to close above 203.50 and you will see 204 automatically over the weekend.
  • #81,810
  • May 16, 2008 2:22pm May 16, 2008 2:22pm
Quoting vinesh2
We don't need the price to close above 204 all we need is price to close above 203.50 and you will see 204 automatically over the weekend.
And as usually, it will close right on 203.50
  • #81,811
  • May 16, 2008 2:24pm May 16, 2008 2:24pm
I believe that GJ will test the 208.00 resistance area again, if it close above the 62MA Daily chart.

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  • #81,812
  • May 16, 2008 2:40pm May 16, 2008 2:40pm
Quoting shakesfx
Cheers bro...Think market's trying to close above 204 today

http://content.sweetim.com/sim/cpie/...s/0002018E.gif http://content.sweetim.com/sim/cpie/...s/0002018E.gif
  • #81,813
  • May 16, 2008 2:42pm May 16, 2008 2:42pm
Quoting ephisi
im out of all positions now,

waiting for 203.70 area to go short. if i dont get it i will take d next available retracement.

LILMOE, reserve my luxury suite aboard EL Crapper, my Ticket is still valid.

Guys dont hit on Granmama Ping Pong while im away
First positon short at 203.70
  • #81,814
  • May 16, 2008 2:48pm May 16, 2008 2:48pm
Quoting mktjong
http://content.sweetim.com/sim/cpie/...s/0002018E.gif http://content.sweetim.com/sim/cpie/...s/0002018E.gif
Love those ^^^^^^!!!

Managed to get to within 15 pips of 204 though....Really hope we close below 203.50
  • #81,815
  • May 16, 2008 2:52pm May 16, 2008 2:52pm
Someone get out the big ass hammer and give this thing a slap below 203.50
Addicted and proud of it!
  • #81,816
  • May 16, 2008 2:56pm May 16, 2008 2:56pm
We still have a couple hours of FOREX to go so you never know this thing might continue to its originial direction after New York cloeses. Chances of closing below 203.50 are high but we still would be closing above Weekley Pivot which would make things interesting next week.
  • #81,817
  • May 16, 2008 3:01pm May 16, 2008 3:01pm
Quoting Piters
And as usually, it will close right on 203.50
hmm..
  • #81,818
  • May 16, 2008 3:01pm May 16, 2008 3:01pm
Quoting ephisi
First positon short at 203.70
I got GJ in d palm of my hands. i know every step shes gonna take. im bad
  • #81,819
  • May 16, 2008 3:01pm May 16, 2008 3:01pm
Dow closed, only 1 h to go..
  • #81,820
  • May 16, 2008 3:02pm May 16, 2008 3:02pm
Piters or dead on! hahahah
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