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

  • #106,821
  • Edited 5:12am Aug 13, 2008 4:52am | Edited 5:12am
G/J supposed to bounce from 203.50 for a ride upto 221..thats a lots of pips with interest!

Good luck

EDIT: if 203.50 doesn't hold, then we'll see 197/198
  • #106,822
  • Aug 13, 2008 4:59am Aug 13, 2008 4:59am
anyone thinks that this is the place to go long now after days of free fall and what ur based on to reach 221 ? thank u
  • #106,823
  • Aug 13, 2008 5:03am Aug 13, 2008 5:03am
this is clearly pound weakness. Does anyone know what was said in the BOE inflation report?
  • #106,824
  • Aug 13, 2008 5:05am Aug 13, 2008 5:05am
Quoting anthonykay
anyone thinks that this is the place to go long now after days of free fall and what ur based on to reach 221 ? thank u

now way. you have to wait! definitely not now. volume speaks another language. the few insane bulls which are left will get killed. might drop a little further after some short break
  • #106,825
  • Aug 13, 2008 5:08am Aug 13, 2008 5:08am
OMG i'm hitting my TP 13 days into AUG...

I love u , i Love u and i Love u ..baby

204 <- was my AUG TP

I'm setting trailing stop from here...no more trading for me till Sep...
  • #106,826
  • Aug 13, 2008 5:09am Aug 13, 2008 5:09am
Quoting anthonykay
anyone thinks that this is the place to go long now after days of free fall and what ur based on to reach 221 ? thank u
Right after a 200 pip fall candle? Probarly not a good idea... It would be like going into the goodwill, picking up a rusted old bike and expecting it stay in one piece.

Without training wheels.
  • #106,827
  • Aug 13, 2008 5:12am Aug 13, 2008 5:12am
That Fall Is In Gpb Pairs Not In Jpy So Unless I See Fall In Jpy I Ll Continue Building Long Positions
  • #106,828
  • Aug 13, 2008 5:13am Aug 13, 2008 5:13am
damn i closed lots of positions, oh well. it's good i still have lots more
  • #106,829
  • Aug 13, 2008 5:16am Aug 13, 2008 5:16am
currently sitting of strong daily price pivot support. wont get too much further imho
  • #106,830
  • Aug 13, 2008 5:16am Aug 13, 2008 5:16am
wow, cable's tanking to hell, loooooool...... aren't u glad i didn't take that long godfrey??
  • #106,831
  • Aug 13, 2008 5:18am Aug 13, 2008 5:18am
Quoting Srikanth
G/J supposed to bounce from 203.50 for a ride upto 221..thats a lots of pips with interest!

Good luck

EDIT: if 203.50 doesn't hold, then we'll see 197/198
What is the importance of 203.50?
Regards
  • #106,832
  • Aug 13, 2008 5:20am Aug 13, 2008 5:20am
Morning guys....
  • #106,833
  • Aug 13, 2008 5:23am Aug 13, 2008 5:23am
Quoting howard
What is the importance of 203.50?
203.50 has been a superb support since months..
  • #106,834
  • Aug 13, 2008 5:26am Aug 13, 2008 5:26am
stalling. currently voluem between bears and bulls is pretty equal...bears chase the bulls after a short gain and vice versa.
  • #106,835
  • Aug 13, 2008 5:29am Aug 13, 2008 5:29am
Quoting 4x_Trader
We sold 2 yards 31st July @ 214 even targeting at least 204 even!


Just an info and not a reco!

Right on the spot!
  • #106,836
  • Aug 13, 2008 5:32am Aug 13, 2008 5:32am
204.20, 50% Fibo from 192.53 to 215.87 might be a support.
  • #106,837
  • Aug 13, 2008 5:35am Aug 13, 2008 5:35am
Quoting Scrat
ok, and now we're riding the last squeeze. we'll have a consolidation / retracement after this one.
Dear, did you mean we will have retracement @ 204.50 ????
  • #106,838
  • Aug 13, 2008 5:42am Aug 13, 2008 5:42am
This level is the 4 hour 261.8 level, Lets pray its broken once and for all before the close of this one hour candle.
the one hour gann and four hour gann has been in our favour.
  • #106,839
  • Aug 13, 2008 5:43am Aug 13, 2008 5:43am
Quoting lilmoe
wow, cable's tanking to hell, loooooool...... aren't u glad i didn't take that long godfrey??
, but I am out of targets now, where do you see cable going?
  • #106,840
  • Aug 13, 2008 5:43am Aug 13, 2008 5:43am
hi all
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