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

  • #96,641
  • Jun 24, 2008 2:51am Jun 24, 2008 2:51am
Quoting karmostaji
That is their decision to make, but I don't see any strong signs of short yet, just small retracements and then rallies
Benny deserves to be shot, he panders too much to nanna ping pong
  • #96,642
  • Jun 24, 2008 2:53am Jun 24, 2008 2:53am
Quoting Eulogy
Benny deserves to be shot, he panders too much to nanna ping pong
Follow your chart and forget Benny the baldy
Trade what you see, not what you think.
  • #96,643
  • Jun 24, 2008 3:00am Jun 24, 2008 3:00am
Quoting samuel84
I already closed 2/3 of my shorts from the top seeing it failed to break the 50% mark, as usually it retraces to about the 50% and then bounces back up higher.

Im keeping 1/3 short due to the fact of the current condition of the US DJIA index which has broke below 12000 mark.

Seeing this, price may go to the 61.8%(211.51) mark or lower in an event of a selloff, but I think we shall see a bounce back to test the 23.6%(212.59) first before going any lower if weekness persists.

So, thus Im starting to place my shorts again from the 212.59 mark to have a ride down lower for the monday session.
Pefectly touched 212.59 and I am in short now with tp at 210.50 with caution though.
  • #96,644
  • Jun 24, 2008 3:01am Jun 24, 2008 3:01am
Quoting forexmoments
Wish FX was so obvious...
Make no mistake, I was talking about GU to 1.99 not GJ, but 'obviously' it's just my opinion. FX is sometimes more obvious than other times, gotta know when stay out and when get in.
  • #96,645
  • Jun 24, 2008 3:02am Jun 24, 2008 3:02am
4H QQE crossed upwards and we've got 2 candles above the 4H gann hilo, new momentum remains bullish

Re-test of the highs is in order for now, Just my opinion.
Trade what you see, not what you think.
  • #96,646
  • Jun 24, 2008 3:07am Jun 24, 2008 3:07am
Quoting karmostaji
Follow your chart and forget Benny the baldy
Oh my charts are telling me that the next great fall is less than 2 days away, something in the order of 1k pips. Its all the Benny verbal garbo that keeps this thing in this pathetic range
  • #96,647
  • Jun 24, 2008 3:11am Jun 24, 2008 3:11am
sorry cant post charts...but if this pattern forming plays out as the right shoulder on an h/s formation projected target would be 208 area IMO
Fear's for the other guy
  • #96,648
  • Jun 24, 2008 3:19am Jun 24, 2008 3:19am
morning pippy makers
  • #96,649
  • Jun 24, 2008 4:04am Jun 24, 2008 4:04am
looks like that h/s could be playing out
Fear's for the other guy
  • #96,650
  • Jun 24, 2008 4:16am Jun 24, 2008 4:16am
We might see a possible nice long nose pinbar forming on 4hr tf below dayly r1 if it breaks short @ 212.16 im gonna jump in, but still alot of time so lets see how this plays out

Cheers yall
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  • #96,651
  • Jun 24, 2008 4:43am Jun 24, 2008 4:43am
This is really strange of G/J he is always going the opposite that i see. What can we do, how far will it go south?
  • #96,652
  • Jun 24, 2008 4:57am Jun 24, 2008 4:57am
as far as I see it. Not trading it as there are better choices including GBP/USD. Unless u plan on staying in Long Term the whip saws can kill you. IMO
  • #96,653
  • Jun 24, 2008 4:57am Jun 24, 2008 4:57am
Quoting belekas
We might see a possible nice long nose pinbar forming on 4hr tf below dayly r1 if it breaks short @ 212.16 im gonna jump in, but still alot of time so lets see how this plays out

Cheers yall
Are u shorting or longing? U are talking parable
  • #96,654
  • Jun 24, 2008 4:59am Jun 24, 2008 4:59am
This baby is long...long ...long...i see no shorts till maybe next month.....(i'm talking medium term)......

Keep it long..Baby...
  • #96,655
  • Jun 24, 2008 5:01am Jun 24, 2008 5:01am
Quoting Big Bruv
This baby is long...long ...long...i see no shorts till maybe next month.....(i'm talking medium term)......

Keep it long..Baby...
i think that also
  • #96,656
  • Jun 24, 2008 5:04am Jun 24, 2008 5:04am
Quoting pal.forex
i think that also
Trade what you see and not what you think pal.
  • #96,657
  • Jun 24, 2008 5:10am Jun 24, 2008 5:10am
Hi all i am new here and not yet sure of self. go long on G/U and or G/J
  • #96,658
  • Jun 24, 2008 5:14am Jun 24, 2008 5:14am
What i see i don't like, we are in the middle of the up channel, so it's 50/50 chance either way... i'll take some quick trades, but no long term positions. The QQE on 1H and 4H chart is pointing south, but i'm not convinced, because in the last months the general swings were to the north. I'm also confused here, can someone please explain why GBP was strengthening against JPY even when stocks are/were low? I'd be expecting just the opposite.
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  • #96,659
  • Jun 24, 2008 5:20am Jun 24, 2008 5:20am
Agree with Gimp. I've been away from my platform for some days now, but don't like what I see on the Dealer (4 hour chart). I'll wait till after UK data release coming up in 10 minutes.
But to all ye bulls, I say "Careful now, careful now, look out, look out".
Nice weekend everyone.
  • #96,660
  • Jun 24, 2008 5:24am Jun 24, 2008 5:24am
Quoting Tsotsi
Agree with Gimp. I've been away from my platform for some days now, but don't like what I see on the Dealer (4 hour chart). I'll wait till after UK data release coming up in 10 minutes.
But to all ye bulls, I say "Careful now, careful now, look out, look out".
Nice weekend everyone.
What release?
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