Auslanco - GBP/JPY and GBP/USD (newstrade)
- #98,144
- Edited 6:44am Jul 1, 2008 6:44am | Edited 6:44am
We missed it yesterday afternoon, but it sure looked like we were going there
for a while yesterday afternoon.
I don't expect to get below 210.25, and agree with you that if we stay above that, surely 212.50 will follow.
Is it like everyone here is screaming short short short when they are really trading long long long behind the scenes?
I know you cant keep going short while GJ is going up and live to trade another day.
And why not go long at the bottom and short at the top?
I don't go short GJ, amd am content with getting all the long pips
In the short term forex is a voting machine, but in the long term the truth comes out and it becomes a scale weighing and balancing everything out.
for a while yesterday afternoon.
I don't expect to get below 210.25, and agree with you that if we stay above that, surely 212.50 will follow.
Is it like everyone here is screaming short short short when they are really trading long long long behind the scenes?
I know you cant keep going short while GJ is going up and live to trade another day.
And why not go long at the bottom and short at the top?
I don't go short GJ, amd am content with getting all the long pips
In the short term forex is a voting machine, but in the long term the truth comes out and it becomes a scale weighing and balancing everything out.
Maybe to 212.54 first? Unless we close the hour below 210.25 then it is possible to see 212.54.
- #98,146
- Jul 1, 2008 6:47am Jul 1, 2008 6:47am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #98,148
- Jul 1, 2008 6:49am Jul 1, 2008 6:49am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
Sorry I cant help much but why don't you just short UJ. There would be less frustration. and perhaps short GJ only if cable closes below daily pivot.
You need to learn something bro, where you cannot get it from babypips, action forex or what ever broker -- It is Patient
- #98,149
- Jul 1, 2008 6:51am Jul 1, 2008 6:51am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
g/j 30 min chart it seems that we will have double bottom .... and price might jump up again ..... we will see
- #98,153
- Jul 1, 2008 6:57am Jul 1, 2008 6:57am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
"After in-depth analysis I have decided the market will do exactly the opposite of what I thought it would"
The time is ripe to short GJ.
For example look back to march 17th when GJ had a low of 192.60
during that same time look at the GU! It was just coming off a 204.00 high!
And GJ was rock bottom low. SO you CANNOT trade GJ and pick direction based on GU. You also MUST consider UJ. As GU X UJ = GJ
right the U's cancel out and you are left with GJ.
And wow patience is something I think we all can never have enough of.
LACK of Pateince is one of the #1 leading causes of folks losing $ in forex.
I sure need more! And sitting on my hands doesn't work. My best bet is to walk away, but I often don't and often sell myself short and don't get anywhere near the pips I could have.
For example look back to march 17th when GJ had a low of 192.60
during that same time look at the GU! It was just coming off a 204.00 high!
And GJ was rock bottom low. SO you CANNOT trade GJ and pick direction based on GU. You also MUST consider UJ. As GU X UJ = GJ
right the U's cancel out and you are left with GJ.
And wow patience is something I think we all can never have enough of.
LACK of Pateince is one of the #1 leading causes of folks losing $ in forex.
I sure need more! And sitting on my hands doesn't work. My best bet is to walk away, but I often don't and often sell myself short and don't get anywhere near the pips I could have.
You need to learn something bro, where you cannot get it from babypips, action forex or what ever broker -- It is Patient
- #98,155
- Jul 1, 2008 7:01am Jul 1, 2008 7:01am
Isnt that the truth teo?
))) piece .....
- #98,158
- Jul 1, 2008 7:13am Jul 1, 2008 7:13am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
