Trade what you see, not what you think.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #101,262
- Jul 16, 2008 5:45am Jul 16, 2008 5:45am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
hello everyone. nice trend... it's down, lilmoe, am i right? 
just kidding. 207.80 should be a powerful support for now.
just kidding. 207.80 should be a powerful support for now.
Nihil Sine Deo.
- #101,263
- Jul 16, 2008 5:52am Jul 16, 2008 5:52am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
hello everyone. nice trend... it's down, lilmoe, am i right?
just kidding. 207.80 should be a powerful support for now.
closed half of my shorts at that area for a nice 150 pips, not closing all though. GJ's been going down when cable and UJ are barely moving, something's going on
UJ has more room to go down. i'm observing 207.7x area, might go long from there, but that would depend. i'll have a 20 pip stop loss. if we get to 205.8-206 i'll go long from there with a tight stop loss also.
just a thought: if GJ's daily candle closes bearish there WILL be one more leg down, GJ loves 3 bearish candles in a row
- #101,264
- Jul 16, 2008 6:01am Jul 16, 2008 6:01am
- | Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
how much snap back do you expect
i'm still watching price reaction at this level coz if it does not respect this support then look out below..baby....look out below
- #101,265
- Jul 16, 2008 6:02am Jul 16, 2008 6:02am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
carry unwinding as its best.
upper part of the cloud is resistance, going through the
cloud ....hm...
hussin would say "free fall"
my target 187.500 remains
upper part of the cloud is resistance, going through the
cloud ....hm...
hussin would say "free fall"my target 187.500 remains
- #101,266
- Jul 16, 2008 6:03am Jul 16, 2008 6:03am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
- #101,267
- Jul 16, 2008 6:04am Jul 16, 2008 6:04am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
I opened a long here, SL is at 208
I have no problem if it gets stopped out, let's watch
- #101,268
- Jul 16, 2008 6:09am Jul 16, 2008 6:09am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
to point it out:
a monthly closing below 207.500 will give as an bearish engulfing candle on the monthly.
have to go to work now, have fun all together
a monthly closing below 207.500 will give as an bearish engulfing candle on the monthly.
have to go to work now, have fun all together
- #101,269
- Jul 16, 2008 6:12am Jul 16, 2008 6:12am
- Joined Mar 2007 | Status: Trader | 1,731 Posts
I think price wants the weekly gann at 206.50. Dont think it will pull back a lot till it gets there.
- #101,270
- Jul 16, 2008 6:14am Jul 16, 2008 6:14am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #101,272
- Jul 16, 2008 6:19am Jul 16, 2008 6:19am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
so now you are stopped out are you shorting?
will take a long if price reaches monthly 5sma
Trade what you see, not what you think.
- #101,274
- Jul 16, 2008 6:20am Jul 16, 2008 6:20am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #101,275
- Jul 16, 2008 6:21am Jul 16, 2008 6:21am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #101,277
- Jul 16, 2008 6:24am Jul 16, 2008 6:24am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
closed half of my position right here
me still collecting pips on several pairs ... will report later.
Discipline + Patience - Fear - Greed = Success
- #101,278
- Jul 16, 2008 6:25am Jul 16, 2008 6:25am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #101,280
- Jul 16, 2008 6:29am Jul 16, 2008 6:29am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
My pending trades:
SHORT EUR/USD @ 1.5970 TP: 1.5430
BUY USD/JYP @ 103.40 TP: 107.65
BUY GBP/JPY @ 207.30 TP: 217.20
Hope GREEN pips
this is a fib setup after a bounce from 127.2, ultimate target is 161.8 at 219, if we reach 78.6 then that would be a REALLY good buy.
