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

  • #83,661
  • May 22, 2008 1:28pm May 22, 2008 1:28pm
come on, show us the pattern once more, please.

Quoting lilmoe
i've mentioned a pattern yesterday, quecee said it was a continuation patter, but now i found out it was a reversal (very obvious reversal) pattern... oh well...
  • #83,662
  • May 22, 2008 1:29pm May 22, 2008 1:29pm
Oil is starting falling off the cliff now .. should boost up Yen and US-bond bounced from the support. I shall able to take my shorts profit by tomorrow or Monday .. hopefully
  • #83,663
  • May 22, 2008 1:30pm May 22, 2008 1:30pm
By the way, my Shorts are enjoying the fact that this has risen in a straight line. I'm really impressed, I presume this is a terrible area to go Long, so I'll maybe just let them drown above 207.
  • #83,664
  • May 22, 2008 1:31pm May 22, 2008 1:31pm
Quoting dogberry
come on, show us the pattern once more, please.

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  • #83,665
  • May 22, 2008 1:32pm May 22, 2008 1:32pm


don't risk too much if u can't handle it.

Quoting shakesfx
By the way, my Shorts are enjoying the fact that this has risen in a straight line. I'm really impressed, I presume this is a terrible area to go Long, so I'll maybe just let them drown above 207.
  • #83,666
  • May 22, 2008 1:33pm May 22, 2008 1:33pm
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  • #83,667
  • May 22, 2008 1:36pm May 22, 2008 1:36pm
Profit taking going on in the Oil market. Its going to be like this till Tuesday. We are going to back on track of the originial direction on Tuesday since Monday DOW market is closed. I am going to keep holding my shorts nothing has changed in the economy to change views. Don't worry bears Bulls are enjoying the ride but its going to be a massacare come next week.
  • #83,668
  • May 22, 2008 1:37pm May 22, 2008 1:37pm
Quoting lilmoe


don't risk too much if u can't handle it.
I'm going to hold this till it retraces. I'm not falling for this BS, even if we have to go another 500pips in a straight line, there will be a retracement, or, as I believe a huge fall. They've done well to capture the market, I must admit....Everyone should be Long soon....
  • #83,669
  • May 22, 2008 1:37pm May 22, 2008 1:37pm
Quoting mktjong
Oil is starting falling off the cliff now .. should boost up Yen and US-bond bounced from the support. I shall able to take my shorts profit by tomorrow or Monday .. hopefully
maybe maybe not.... the way things have been going I wouldn't be surprized if it hit 212 lol

I'm long to 207.80 atm if that's hit I'll stay glued to the screen to see what's next I'm like you and think we'll end up heading down. but it might be mon or tuesday before we see it.
  • #83,670
  • May 22, 2008 1:42pm May 22, 2008 1:42pm
Quoting vinesh2
Profit taking going on in the Oil market. Its going to be like this till Tuesday. We are going to back on track of the originial direction on Tuesday since Monday DOW market is closed. I am going to keep holding my shorts nothing has changed in the economy to change views. Don't worry bears Bulls are enjoying the ride but its going to be a massacare come next week.


i believe so too, but i will change my view if we maintain this level friday-monday
  • #83,671
  • May 22, 2008 1:44pm May 22, 2008 1:44pm
Quoting karmostaji
$$
hi there karmo, could you please tell us what you think since you one of the ones that is in cinc with this madnes, please, thanks in advance.
The Chonchy
  • #83,672
  • May 22, 2008 1:44pm May 22, 2008 1:44pm
Big news week for Japan latter half of next week, maybe the fall is that far off. Humbled by todays movement, speechless and at a sizeable loss if this biatch doesn't come back. Setting up a hedging account so I don't get screwed by this sort of BS in the future.
Money & Pain Respect the market, protect your capital, be patient
  • #83,673
  • May 22, 2008 1:49pm May 22, 2008 1:49pm
i think it is likely usd/jpy will reverse here, if so this will slow geppy up
imhohttp://www.forexfactory.com/images/icons/icon10.gif
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  • #83,674
  • May 22, 2008 1:49pm May 22, 2008 1:49pm
Quoting shakesfx
I'm going to hold this till it retraces. I'm not falling for this BS, even if we have to go another 500pips in a straight line, there will be a retracement, or, as I believe a huge fall. They've done well to capture the market, I must admit....Everyone should be Long soon....

Shakes, u are very fond of hoilding on to loosing trades, i noticed, what happened to ur stoplosses and moneymanagement
  • #83,675
  • May 22, 2008 1:52pm May 22, 2008 1:52pm
We are at resistence level of March and April on UJ and good level of resistence on GU. IMO this is the tops for these two would be interesting how it effects the GJ
  • #83,676
  • May 22, 2008 1:53pm May 22, 2008 1:53pm
Well I think this this Stage 3, where everyone is buying except the big boys in the know from the Swiss, UK and NY banks who stopped a few hours ago.

Since we've gone almost 400 pips without the decency of a retracement, I've added another Short here. LOL
  • #83,677
  • May 22, 2008 1:56pm May 22, 2008 1:56pm
we very obviously had a 1hr long confirmaton at close above 1hr 50eam and retet of 1hr 50. it alwasys retests. 203.30

Then on d 4hr 4hr candle closed aboe gann and qqe confirmed. There were no retracemnt signals,so second long signal was at open of new 4hr candle 204.14

Targeting d 4hr fibs to d upside, cleary based on AUS system dis is a 200-300pips confirmation.

i was expexting the crosses to be to d downside but i neve got confirmatin , 4hr qqe crossed once and uncrossed
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  • #83,678
  • May 22, 2008 1:59pm May 22, 2008 1:59pm
Quoting ephisi
Shakes, u are very fond of hoilding on to loosing trades, i noticed, what happened to ur stoplosses and moneymanagement

I had a problem before with tight SL's being hit all the time. I've come to realise with this pair that large SL's seem to work well to counter the huge swings. If the SL's get hit then fine, but I really do expect a retracement. I'm not married to the trade, just holding it till either TP or SL. Money management is at 2-4% per trade using agressive strategy.
  • #83,679
  • May 22, 2008 2:13pm May 22, 2008 2:13pm
Next Level 204.80 ..Good luck SL 251
  • #83,680
  • May 22, 2008 2:16pm May 22, 2008 2:16pm
I think this is the time for reversal fellas. Here we go
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