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

  • #113,601
  • Sep 15, 2008 6:28pm Sep 15, 2008 6:28pm
No rate cut, USD/JPY drops down to 100, taking GBP/JPY with it below 180, assuming GBP/USD can't top 1.80

We're approaching the bottom boundary of the GBP/JPY downtrend on the weekly. Get ready to buy!!!
  • #113,602
  • Sep 15, 2008 6:29pm Sep 15, 2008 6:29pm
u would have to be a idiot not to use the sl and ts.........
  • #113,603
  • Sep 15, 2008 6:31pm Sep 15, 2008 6:31pm
Locked in 400 pips. I don't like it, But I think Malcolmb is right. At any time this thing can bounce back up 300-500 pips just because.

My SL is very tight given the market conditions, but I think it will only do one of two things. One, go in my direction another 300ish pips, or go against me and take all of my profits back. SL is at 188.00, I am hoping we see 186 before 188...
Que
  • #113,604
  • Sep 15, 2008 6:33pm Sep 15, 2008 6:33pm
Quoting malcolmb14
trust me .. some in this forum do not do that ..... just making sure they are aware

move the stops down as the trade works is always good
Yes, but you have to be smart about it given conditions. You have to balance giving it enough room to breath, while preserving profits. A tricky game.
Que
  • #113,605
  • Sep 15, 2008 6:34pm Sep 15, 2008 6:34pm
I think I am about to get stopped out. Next fall I will TP
Que
  • #113,606
  • Sep 15, 2008 6:36pm Sep 15, 2008 6:36pm
[quote=alsup1955;2220714]
Quoting malcolmb14
just do the opposite of the obvious
When the dow fell from 13,000 the beast kept rising...500 point dow drop = false logical expectation is the beast goes down too, this is bollocks and smart money trades against such expectations to profit.

Logic does not apply here. Expectation, how unexpected something is is how much it will move the market, and if you and I can see something you can be damn sure the smart money already has profit scenarios against the sheep trading these manipulated expectations and the misapplication of poor but all too human logic.

Black swans are not factored into probability outcomes, which is by and large why analysts, forecasts, and projections - the essence of derivatives, which are a HUGE cog in this collapse, are next to useless when the unexpected rears its head and redefines the marketplace.
Money & Pain Respect the market, protect your capital, be patient
  • #113,607
  • Sep 15, 2008 6:37pm Sep 15, 2008 6:37pm
Glad i took longs @187.15 despite how bad the world is

should just set sl at BE and check it again in a few days

maybe whoever was left selling was exhausted today on that massssssive volume down day with no new results, time will tell
"Millionaires don't use astrology, billionaires do"
  • #113,608
  • Sep 15, 2008 6:37pm Sep 15, 2008 6:37pm
Quoting malcolmb14
trust me .. some in this forum do not do that ..... just making sure they are aware

move the stops down as the trade works is always good

bear trap set .....got to wonder why we drift down in quiet time before asia gets rocking ...

hear the lock snapping closed behind you

long 187.5
Blogging daily now at www.volume.zone
  • #113,609
  • Sep 15, 2008 6:43pm Sep 15, 2008 6:43pm
I believe the GJ will rebound if the Asia market thinks the US will cut rate..

However the charts is still bearish..

Trade what I see on the charts

Remember to lock profits all the way down or up..

A profit can be one pip or 100 pips

Good Luck..

[
  • #113,610
  • Sep 15, 2008 6:46pm Sep 15, 2008 6:46pm
Watch and see the freefall..

[
  • #113,611
  • Sep 15, 2008 6:47pm Sep 15, 2008 6:47pm
Quoting OrionsWay
Glad i took longs @187.15 despite how bad the world is

should just set sl at BE and check it again in a few days

maybe whoever was left selling was exhausted today on that massssssive volume down day with no new results, time will tell
Tell me thats not what you did...
Que
  • #113,612
  • Sep 15, 2008 6:47pm Sep 15, 2008 6:47pm
this session going to be wild ,,,

already movementys up and down of 100 plus pips ... take profit rallies are fast on a 5 min candle and 80 pips , so be careful with leverage

I am taking 30 pips a go ... that is my plan ...

out last trade for 28
Blogging daily now at www.volume.zone
  • #113,613
  • Sep 15, 2008 6:48pm Sep 15, 2008 6:48pm
SL will be trigger..



Quoting Que
Tell me thats not what you did...
[
  • #113,614
  • Sep 15, 2008 6:50pm Sep 15, 2008 6:50pm
I am sticking to my plan, I will move my Stop and TP down as necessary.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 31 KB
Que
  • #113,615
  • Sep 15, 2008 6:50pm Sep 15, 2008 6:50pm
Quoting malcolmb14
bear trap set .....got to wonder why we drift down in quiet time before asia gets rocking ...

hear the lock snapping closed behind you

long 187.5
No freakin way. I have been looking at the posts on this thread ever since 191. Big rally, people have said. All I have seen was it drifting lower and lower.

I'm trading with the trend. Unless I see consistend higher highs, I'm short.
  • #113,616
  • Sep 15, 2008 6:51pm Sep 15, 2008 6:51pm
Quoting Que
Tell me thats not what you did...

LOL no i didnt SL less atm though
"Millionaires don't use astrology, billionaires do"
  • #113,617
  • Sep 15, 2008 6:51pm Sep 15, 2008 6:51pm
http://www.marketwatch.com/news/stor...&dist=hplatest


here is why the move down ... futures gapped down after the afternoon close by another 50 point
Blogging daily now at www.volume.zone
  • #113,618
  • Sep 15, 2008 6:51pm Sep 15, 2008 6:51pm
Quoting malcolmb14
trust me .. some in this forum do not do that ..... just making sure they are aware

move the stops down as the trade works is always good
very true
  • #113,619
  • Sep 15, 2008 6:51pm Sep 15, 2008 6:51pm
Trend is your friend..
Trade what you see on the charts..

Good Luck..



Quoting seesaw
No freakin way. I have been looking at the posts on this thread ever since 191. Big rally, people have said. All I have seen was it drifting lower and lower.

I'm trading with the trend. Unless I see consistend higher highs, I'm short.
[
  • #113,620
  • Sep 15, 2008 6:52pm Sep 15, 2008 6:52pm
Quoting malcolmb14
bear trap set .....got to wonder why we drift down in quiet time before asia gets rocking ...

hear the lock snapping closed behind you

long 187.5

I dunno....Looks like a quick touch of the 5 hr sma with absolutely no follow thru. Good thing I've got an open mind.
"Timing Is Everything. Really I Swear It Is"
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