Auslanco - GBP/JPY and GBP/USD (newstrade)
- #83,583
- May 22, 2008 8:05am May 22, 2008 8:05am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #83,584
- May 22, 2008 8:07am May 22, 2008 8:07am
- | Membership Revoked | Joined Apr 2008 | 2,468 Posts
- #83,585
- May 22, 2008 8:07am May 22, 2008 8:07am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
207.xx?
don't mean to be sarcastic. would you mind sharing your point of view?
thanks.
- #83,589
- May 22, 2008 8:15am May 22, 2008 8:15am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #83,590
- May 22, 2008 8:17am May 22, 2008 8:17am
alearner,
this is hard hard hard. you will learn. if you need help/encouragement this is a good place to be. and being contrary isn't necessarily a bad thing when the setup is there (e.g. divergence, retracement etc). to me the gbp/jpy is a hard one to learn, but i'm a beginner...!
cheers to you and happy trading!
hadley
this is hard hard hard. you will learn. if you need help/encouragement this is a good place to be. and being contrary isn't necessarily a bad thing when the setup is there (e.g. divergence, retracement etc). to me the gbp/jpy is a hard one to learn, but i'm a beginner...!
cheers to you and happy trading!
hadley
- #83,591
- May 22, 2008 8:17am May 22, 2008 8:17am
If I were a betting man.....
I would say its because the carry trades are getting stronger, and the threat of a declining DOW is not going to sway them. As soon as we see DOW recovery, the GJ should shoot up like a rocket in my opinion.
I commend you for such a good call.
I actually thought about what you said and it made so much sense that I went long before going to bed. Woke up to +250 pips :-)
Thx,
B
- #83,592
- May 22, 2008 8:20am May 22, 2008 8:20am
- | Membership Revoked | Joined Apr 2008 | 2,468 Posts
I'm thinking a retracement to 4hr 5 SMA at 204.09 from here (206.00/30)....
- #83,593
- May 22, 2008 8:20am May 22, 2008 8:20am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
my short was stopped...
i wouldn't be thinking of shorting any time soon, this upmove looks similar to that of the 1000 pip upmove we had last month. i'm still waiting to see if the TL will be taken out. if it does, neither 207 or 209, i would say 213....
take a look at all the confluence here, if this is taken out..... damn...
- #83,594
- May 22, 2008 8:25am May 22, 2008 8:25am
alearner,
this is hard hard hard. you will learn. if you need help/encouragement this is a good place to be. and being contrary isn't necessarily a bad thing when the setup is there (e.g. divergence, retracement etc). to me the gbp/jpy is a hard one to learn, but i'm a beginner...!
cheers to you and happy trading!
hadley
I think I might switch to cable but I love this thread for entertainment as well.
- #83,596
- May 22, 2008 8:30am May 22, 2008 8:30am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
my short was stopped...
i wouldn't be thinking of shorting any time soon, this upmove looks similar to that of the 1000 pip upmove we had last month. i'm still waiting to see if the TL will be taken out. if it does, neither 207 or 209, i would say 213....
- #83,597
- May 22, 2008 8:30am May 22, 2008 8:30am
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
[quote=lilmoe;2015235]take a look at all the confluence here, if this is taken out..... damn...
There's at least twice as much R here as there was S at 202.8...If it breaks up from here, not only will I lose a lot of faith in technicals and price action, and my ability as a trader to read them, I will likely blow an account!
U/J and G/U have calmed down and are even looking down again, Dow is up 50 (i.e DOWN 350) not that matters much - I am going to find the guy who runs the computer that couples/de-couples the indices and take his place, mwahhaah.
Not liking this at all
There's at least twice as much R here as there was S at 202.8...If it breaks up from here, not only will I lose a lot of faith in technicals and price action, and my ability as a trader to read them, I will likely blow an account!
U/J and G/U have calmed down and are even looking down again, Dow is up 50 (i.e DOWN 350) not that matters much - I am going to find the guy who runs the computer that couples/de-couples the indices and take his place, mwahhaah.
Not liking this at all
Money & Pain
Respect the market, protect your capital, be patient
- #83,600
- May 22, 2008 8:33am May 22, 2008 8:33am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
at the same time, IF this is where it stops, i'm thinking it will go down all those pips it went up.
[quote=toyboy tramp;2015254]
[quote=toyboy tramp;2015254]
take a look at all the confluence here, if this is taken out..... damn...
There's at least twice as much R here as there was S at 202.8...If it breaks up from here, not only will I lose a lot of faith in technicals and price action, and my ability as a trader to read them, I will likely blow an account!
U/J and G/U have calmed down and are even looking down again, Dow is up 50 (i.e DOWN 350) not that matters much - I am going to find the guy who runs the computer that couples/de-couples the indices and take his place, mwahhaah.
Not liking this at all