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

  • #89,281
  • Jun 5, 2008 9:38am Jun 5, 2008 9:38am
Quoting iksh
Why dont u guys just go wityh the flow . i agree its a bit too late to scale in longs but if this isnt the ideal opportunity to go long, just wait for an appropriate opportunity to go short not every time it makes a green candle or it touches a whole number.

I certainly wouldnt go short today when its on a uptrand and hovering near 106, when jobless claims news has been good and esp when FED has been actively supporting dollar. do u see any bad news here for UJ except the old financial CRAP which keeps popping its head now and then BUT THAT IS OLD NEWS to the investors.

Again , if u are trading on intraday basis, then u should also change ur views according to intraday fluctuations.
lol well said iksh well said
Trade what you see, not what you think.
  • #89,282
  • Jun 5, 2008 9:41am Jun 5, 2008 9:41am
which one i want to choose

long OR short
  • #89,283
  • Jun 5, 2008 9:42am Jun 5, 2008 9:42am
Quoting ForexRookie
Correct me if i'm wrong but a possible Quadruple Top now on GBP/JPY? When is this thing going down??

I'm short from 207.05
I shorted last thurs during london @207.00 and it went up to 209.30s on fri closing before crashing on mon... I have learnt not to go against it.. caused a bit of anxiety. However, fundamentally, Gbp is quickly closing in on USD in becoming the weakest currency.. if u have the patience to wait it out, will come crashing to u soon.
  • #89,284
  • Jun 5, 2008 9:47am Jun 5, 2008 9:47am
EJ looks like she wants the pip award of the day.
  • #89,285
  • Jun 5, 2008 9:50am Jun 5, 2008 9:50am
quote=karmostaji;2039136]Patience 7aboob [/quote]

we might but i'm shorting again from there
  • #89,286
  • Jun 5, 2008 9:51am Jun 5, 2008 9:51am
Quoting Ultraman
which one i want to choose

long OR short


follow ur own chart?
  • #89,287
  • Jun 5, 2008 9:51am Jun 5, 2008 9:51am
another 30min for you...
Attached Image (click to enlarge)
Click to Enlarge Name: gj 30min.gif Size: 41 KB
  • #89,288
  • Jun 5, 2008 9:51am Jun 5, 2008 9:51am
Man what's driving the DOW?
  • #89,289
  • Jun 5, 2008 9:51am Jun 5, 2008 9:51am
Quoting lilmoe

we might but i'm shorting again from there
  • #89,290
  • Jun 5, 2008 9:52am Jun 5, 2008 9:52am
Quoting lilmoe
we might but i'm shorting again from there

lol i'll join you when it's time again.. gotta stay unbiased and trade the chart n ride the sexy waves
Trade what you see, not what you think.
  • #89,291
  • Jun 5, 2008 9:52am Jun 5, 2008 9:52am
Quoting vinesh2
Man what's driving the DOW?
NFP tomorrow?
  • #89,292
  • Jun 5, 2008 9:53am Jun 5, 2008 9:53am
The beast seem to be running out of steam...1hour overbought.
  • #89,293
  • Jun 5, 2008 9:56am Jun 5, 2008 9:56am
Quoting Küster
The beast seem to be running out of steam...1hour overbought.
don't trade based on overbought/oversold , it can be so and still move higher or trade within a range till it gets itself out of overbought/oversold

Becareful
Trade what you see, not what you think.
  • #89,294
  • Jun 5, 2008 9:58am Jun 5, 2008 9:58am
Quoting karmostaji
don't trade based on overbought/oversold , it can be so and still move higher or trade within a range till it gets itself out of overbought/oversold

Becareful
agreed ...100%..
  • #89,295
  • Jun 5, 2008 10:00am Jun 5, 2008 10:00am
Quoting vinesh2
Man what's driving the DOW?
WALMART....sad that this distributor of China products can drive the stock market.

Oh and their sales are up because we are all broke and have to shop at Wally world.

Oh and because gas prices are up as well.

Go figure.

Should see 209 again by tonight. If not higher.

Don't be surprised to see NFP +100K or more tomorrow the kitchen is open for business in the USA.
  • #89,296
  • Jun 5, 2008 10:03am Jun 5, 2008 10:03am
emmmm......still holding short bros, will see if this plays out...
Attached Image (click to enlarge)
Click to Enlarge Name: gj 15min.gif Size: 45 KB
  • #89,297
  • Jun 5, 2008 10:04am Jun 5, 2008 10:04am
Do you guys see how much long pips you missed out on because you are married to your positions. Everyone has their own style but the geppy is designed for short term 100 - 200 pip trades both ways.....


a pic for you......
Attached Image
Patience + Discipline - Greed = Success
  • #89,298
  • Jun 5, 2008 10:05am Jun 5, 2008 10:05am
Quoting shakesfx
emmmm......still holding short bros, will see if this plays out...


target? stop ?
greed+gluttony+self-indulgence+craving= success
  • #89,299
  • Jun 5, 2008 10:05am Jun 5, 2008 10:05am
Wow! Economy has improved in one week! What a load of crap. Housing news in UK did't put a dent on the GJ.
  • #89,300
  • Jun 5, 2008 10:07am Jun 5, 2008 10:07am
Quoting Infinity
Do you guys see how much long pips you missed out on because you are married to your positions. Everyone has there own style but the geppy is designed for short term 100 - 200 pip trades both ways.....


a pic for you......
I would agree. Other pairs are better to marry positions with, than this one.
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