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

  • #89,521
  • Jun 5, 2008 3:29pm Jun 5, 2008 3:29pm
so u wanna catch the 200 pip drop?
  • #89,522
  • Jun 5, 2008 3:30pm Jun 5, 2008 3:30pm
UJ is going back to retest 106.4
  • #89,523
  • Jun 5, 2008 3:32pm Jun 5, 2008 3:32pm
Quoting Clouds
UJ is going back to retest 106.4
I agree with you there Clouds, we have that resistance area at that point. I'm planning on exiting a partial of the position at that point to ensure profitability and then letting the other positions ride out.

I think we'll see the retracement to 207.20 before heading up to confirm this pattern so I'm looking to add to the position in that area for a bargain buy. By the time we get back up to the 50's, I'll have that as a free trade at b/e.
I dream, therefore I become.
  • #89,524
  • Jun 5, 2008 3:33pm Jun 5, 2008 3:33pm
Quoting msniper
but i think price of eggs doesn't effect the price of milk

its like u r comparing pairs to cows if one cow go moo the other will do the same

am i right looooool
well considering it takes fuel to ship both eggs and milk and the feed that the animals need you can compared the price of both fuel up food up unless you grow it yourself
  • #89,525
  • Jun 5, 2008 3:34pm Jun 5, 2008 3:34pm
Quoting karmostaji
The beast keeps on killing people everyday... Damn!
she prefers to make me suffer usually. but one can tame her by not forcing her, she just needs time, finally will move to you if you no longer appear to be her toy. she likes to check out your extreme levels though. i let her play for now.
  • #89,526
  • Jun 5, 2008 3:34pm Jun 5, 2008 3:34pm
Quoting Clouds
dont know, but ej broke 165, it was my sign jpy crosses are alive

Clouds that move was driven by EURUSD ... +200 pips today ... I snagged only 70
Blogging daily now at www.volume.zone
  • #89,527
  • Jun 5, 2008 3:34pm Jun 5, 2008 3:34pm
Quoting mike w
I agree with you there Clouds, we have that resistance area at that point. I'm planning on exiting a partial of the position at that point to ensure profitability and then letting the other positions ride out.

I think we'll see the retracement to 207.20 before heading up to confirm this pattern so I'm looking to add to the position in that area for a bargain buy. By the time we get back up to the 70's, I'll have that as a free trade at b/e.
u think its not too late to go long?
  • #89,528
  • Jun 5, 2008 3:35pm Jun 5, 2008 3:35pm
Quoting malcolmb14
Clouds that move was driven by EURUSD ... +200 pips today ... I snagged only 70
As the euro rises back up, the eur/jpy is just moving along with it. I've had that position for 2 months now on e/j and am just waiting for the euro to see the resistance of 1.60 again before letting the full position go.
I dream, therefore I become.
  • #89,529
  • Jun 5, 2008 3:37pm Jun 5, 2008 3:37pm
Quoting banan
u think its not too late to go long?
That depends, are you going to try and tkae the trade just based on what I say? If so, then yeah- play it safe and preserve your capital. If not, there is a bullish pattern that has just formed on the 4 hour charts and that is telling me we will see more bullishness after a retracement to the area I mentioned. That's a bullish outside vertical bar.
I dream, therefore I become.
  • #89,530
  • Jun 5, 2008 3:39pm Jun 5, 2008 3:39pm
Quoting malcolmb14
Clouds that move was driven by EURUSD ... +200 pips today ... I snagged only 70
I was at work and so I missed all the up move, but got some nice pips on the down move before the rally...

i am still long with you on eurcad, could you place your profit targets again for me please?

i have bee trying to watch price movement of fib lines, but time is limited...i will get it though
"Keep your eyes on the helpers" - Mr. Rogers
  • #89,531
  • Jun 5, 2008 3:40pm Jun 5, 2008 3:40pm
be careful, US session is about to end. when asia starts, generally it's not a good idea to keep longs open.
Quoting Clouds
no, i closed my shorts, and re-opened my longs
Nihil Sine Deo.
  • #89,532
  • Jun 5, 2008 3:40pm Jun 5, 2008 3:40pm
i was thinking about usd/jpy but it's too high now IMO.

What trades do u suggest?im new and i want to get knowledge and pips
  • #89,533
  • Jun 5, 2008 3:40pm Jun 5, 2008 3:40pm
get ready , get set , GO ?

http://www.healthline.com/blogs/outd...oyd-778324.jpg
  • #89,534
  • Jun 5, 2008 3:42pm Jun 5, 2008 3:42pm
no. no go.

Quoting msniper
get ready , get set , GO ?
Nihil Sine Deo.
  • #89,535
  • Jun 5, 2008 3:46pm Jun 5, 2008 3:46pm
What a beautiful shor t OP in euppy
"Millionaires don't use astrology, billionaires do"
  • #89,536
  • Jun 5, 2008 3:47pm Jun 5, 2008 3:47pm
Quoting banan
i was thinking about usd/jpy but it's too high now IMO.

What trades do u suggest?im new and i want to get knowledge and pips

Your trying to do the same thing I did man....listen to me on this. Get the knowledge first. You will completely screw yourself if you don't. You'll end up in a bad trade and then, trying to get out of it or trying to make it ride, lose your equity. There is no fast way to money without empowering yourself with the knowledge of how to make the money in the first place. If I want to play the guitar, I can't just pick it up and play some Hendrix or Grateful Dead without learning the basics first. If you want the knowledge, go to the place where it blooms from - James16 chart thread over in the systems area of the forum. After that, read the articles in the beginners section from the editor. Another piece of reading that I would suggest is "No free lunch but all the free coffee you can drink" thread. It's in the beginners section also. If you follow those things, you have yourself the basis of a solid trader.

P.S. sorry for the long note, but I want to see you succeed.
I dream, therefore I become.
  • #89,537
  • Jun 5, 2008 3:47pm Jun 5, 2008 3:47pm
Look at this GU chart on the daily. It has formed the 2nd candle of a morning star set up , likely confirmed tomorrow if the NFP is no good.

I need to see a green candle tomorrow for this pattern to play out. Now if tomorrows daily candle finishes hgigher tham 1.9661 then for sure we are heading up.

There is a potential play back into 2;00 on GU. Where that would take GJ i have no idea.

Attached Image (click to enlarge)
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  • #89,538
  • Jun 5, 2008 3:50pm Jun 5, 2008 3:50pm
Quoting malcolmb14
Look at this GU chart on the daily. It has formed the 2nd candle of a morning star set up , likely confirmed tomorrow if the NFP is no good.

I need to see a green candle tomorrow for this pattern to play out. Now if tomorrows daily candle finishes hgigher tham 1.9661 then for sure we are heading up.

There is a potential play back into 2;00 on GU. Where that would take GJ i have no idea.

Attachment
The monthly chart supports that notion too. Excellent work Malcolm as always.
I dream, therefore I become.
  • #89,539
  • Jun 5, 2008 3:52pm Jun 5, 2008 3:52pm
Quoting OrionsWay
What a beautiful shor t OP in euppy
what makes you think it will come down? or are you just thinking a minor retracement
"Keep your eyes on the helpers" - Mr. Rogers
  • #89,540
  • Jun 5, 2008 3:52pm Jun 5, 2008 3:52pm
Quoting mike w
The monthly chart supports that notion too. Excellent work Malcolm as always.
Thankyou
Blogging daily now at www.volume.zone
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