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

  • #82,501
  • May 20, 2008 5:33am May 20, 2008 5:33am
OK who;s doing all this buying?
  • #82,502
  • May 20, 2008 5:33am May 20, 2008 5:33am
Quoting Dmac
That weekly pivot and daily s1 were too close together which often makes for good support or resistance. This was very suspect to me. That is why I didn't take short. Final target could be 205 area
yea if this goes on, we can reach 205.16. i'll short again from there. i already missed that long entry.
  • #82,503
  • May 20, 2008 5:34am May 20, 2008 5:34am
Quoting lilmoe
yea, just 50 pips for me today.... i got stopped out B/E on the other shorts... bummer
Lilmoe, 50 pips is 50 pips. In my opinion still not bad. Could be much worse.
  • #82,504
  • May 20, 2008 5:36am May 20, 2008 5:36am
Think this is a BS move. Have added another Short from here (204.50) as looks like double top on 4hr and we are up against the weekly 5 SMA. U/J isn't moving which is a bit suspicious too. I think we could go above 205, but only briefly before the bears take control. Of course as I am normally wrong, if you all take the opposite trades to me you should be OK
  • #82,505
  • May 20, 2008 5:38am May 20, 2008 5:38am
I am with you on this shaks looks like a suspect move and could be a ploy to eat up stops. DOW currently low at 6.5 points look for a low start but PPI could push the dollar higher thus brining UJ up with it. Could be an interesting start
  • #82,506
  • May 20, 2008 5:39am May 20, 2008 5:39am
Wow. Not the best thing to happen for my 6 day short
Que
  • #82,507
  • May 20, 2008 5:44am May 20, 2008 5:44am
... at 204.25 with tight SL just 30 ... and at 2.0450 also with SL 30 ...

we'll see ...
  • #82,508
  • May 20, 2008 5:45am May 20, 2008 5:45am
I'm secretly hoping that some geniuses are running it up to have a bloody good smash southwards
Money & Pain Respect the market, protect your capital, be patient
  • #82,509
  • May 20, 2008 5:47am May 20, 2008 5:47am
Quoting shakesfx
Think this is a BS move. Have added another Short from here (204.50) as looks like double top on 4hr and we are up against the weekly 5 SMA. U/J isn't moving which is a bit suspicious too. I think we could go above 205, but only briefly before the bears take control. Of course as I am normally wrong, if you all take the opposite trades to me you should be OK
I think still up.
  • #82,510
  • May 20, 2008 5:47am May 20, 2008 5:47am
Quoting toyboy tramp
I'm secretly hoping that some geniuses are running it up to have a bloody good smash southwards
Thats what I'm thinking at the moment...
  • #82,511
  • May 20, 2008 5:48am May 20, 2008 5:48am
Quoting dogol
... at 204.25 with tight SL just 30 ... and at 2.0450 also with SL 30 ...

we'll see ...

isnt it too tight for these 2 highly volatile pairs? jmho
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #82,512
  • May 20, 2008 5:53am May 20, 2008 5:53am
Q you out there bro?
  • #82,513
  • May 20, 2008 5:55am May 20, 2008 5:55am
Stock Markets Down but Geppy Up
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #82,514
  • May 20, 2008 5:56am May 20, 2008 5:56am
just ride the current trend....
  • #82,515
  • May 20, 2008 5:56am May 20, 2008 5:56am
Everyone seems want to trade what they think, look at the chart and if you can't see well, wear some glasses
Trade what you see, not what you think.
  • #82,516
  • May 20, 2008 5:56am May 20, 2008 5:56am
Quoting WarrenBuffet
isnt it too tight for these 2 highly volatile pairs? jmho
but I dont want risky too much ... because I'm not sure it's going up again or not ... why should I risky so much? I use Bollinger band and I set up my SL just outside from BB ... If I'm wrong I'll close my positions (maybe before my SL) and follow the trend again ....
  • #82,517
  • May 20, 2008 5:57am May 20, 2008 5:57am
Quoting WarrenBuffet
Stock Markets Down but Geppy Up?
I thought they were in positive relationship.
Not always.
Trade what you see, not what you think.
  • #82,518
  • May 20, 2008 5:59am May 20, 2008 5:59am
or sell rallies?
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #82,519
  • May 20, 2008 6:01am May 20, 2008 6:01am
Quoting WarrenBuffet
or sell rallies?
Why the huge font - shouting's not needed, and yes, there is a reason for GBPJPY to have rallied....
Trading Levels with WRBs
  • #82,520
  • May 20, 2008 6:03am May 20, 2008 6:03am
Quoting WarrenBuffet
or sell rallies?
What do you think?
Trade what you see, not what you think.
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