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

  • #120,121
  • Oct 8, 2008 5:38am Oct 8, 2008 5:38am
grabbed another 100 pips, i like this scalping
Trade what you see, not what you think.
  • #120,122
  • Oct 8, 2008 5:39am Oct 8, 2008 5:39am
Quoting lilmoe
neckline retest big guy
woowww.. 174 now.., will she come down again..??
to 170-171?

thx
  • #120,123
  • Oct 8, 2008 5:40am Oct 8, 2008 5:40am
Quoting Piters
everything is FINEEE... , "we are Well capitalized" ect..ect.. LOL

BTW.. just have a look @ indexes worldwide last two - three days, noone buying commodities.. it is serious.. BUT, GA can make US some Good money, I am just watching the chart, maybe I''ll go there after NY
neckline retest big guy

short at .50
  • #120,124
  • Oct 8, 2008 5:43am Oct 8, 2008 5:43am
this beast stopped exactly at the monthly fibo line.

I will enter short again, if I see a correct pattern on lower
time frames. Beast loves round numbers

Btw., on my charts this was only the yen driving this one,
it was not the pound ! Because GBP/USD has not moved that much.

Imagine, what will happen, when the pound starts moving
Attached Image (click to enlarge)
Click to Enlarge Name: geppyweekly.gif Size: 20 KB
  • #120,125
  • Oct 8, 2008 5:44am Oct 8, 2008 5:44am
Quoting karmostaji
I left work and this pair was at 174.50 , I come home now and see 172 LOL
Go back to work and stay as long as you like.. then this will drop even more

My sixth sense is itching and telling me that US will slash rates today. SLs in place.
  • #120,126
  • Oct 8, 2008 5:45am Oct 8, 2008 5:45am
Quoting karmostaji
grabbed another 100 pips, i like this scalping
its looks like your scalping strategy work very well..
  • #120,127
  • Oct 8, 2008 5:54am Oct 8, 2008 5:54am
Quoting Fiesta_id
its looks like your scalping strategy work very well..
too early to judge my friend, I'm basically applying the same strategy i use on 5/15m charts instead of 1h/4h

I still will trade higher TF's but I gotta get used to this scalping as well while I wait for my medium-term trades to mature.
Trade what you see, not what you think.
  • #120,128
  • Oct 8, 2008 5:58am Oct 8, 2008 5:58am
Quoting lilmoe
neckline retest big guy

short at .50
man, here's another 1/2 for 100 pips, rest set to b/e+10
  • #120,129
  • Oct 8, 2008 6:02am Oct 8, 2008 6:02am
Quoting lilmoe
man, here's another 1/2 for 100 pips, rest set to b/e+10
here we go again!!!!!!
  • #120,130
  • Oct 8, 2008 6:02am Oct 8, 2008 6:02am
ouch, nasty spike took out my shorts...
  • #120,131
  • Oct 8, 2008 6:02am Oct 8, 2008 6:02am
US, UK, Canada, ECB Sweden, Swiss to participate in a 50 Basis Point Rate Cut. (story developing)
Trade what you see, not what you think.
  • #120,132
  • Oct 8, 2008 6:03am Oct 8, 2008 6:03am
gbp/aud spiked down 900 pips
  • #120,133
  • Oct 8, 2008 6:03am Oct 8, 2008 6:03am
what was that ???
  • #120,134
  • Oct 8, 2008 6:04am Oct 8, 2008 6:04am
Quoting lilmoe
gbp/aud spiked down 900 pips
that's scary
Trade what you see, not what you think.
  • #120,135
  • Oct 8, 2008 6:04am Oct 8, 2008 6:04am
Quoting anthonykay
what was that ???

North American FX market OPEN @ 7.00 am EST
  • #120,136
  • Oct 8, 2008 6:04am Oct 8, 2008 6:04am
(IGM)[NORTH AMERICAN FX OPEN] Risk aversion remains key & thus the Yen remains king. Extremely volatile &...

[NORTH AMERICAN FX OPEN] Risk aversion remains key & thus the Yen remains king. Extremely volatile & thin trade can be expected for the session ahead, with data unlikely to have much lasting impact. Canadian housing starts & US pending home sales are due, whilst the Fed's Plosser offers his thoughts at 11.45gmt. See page.
  • #120,137
  • Oct 8, 2008 6:07am Oct 8, 2008 6:07am
Quoting karmostaji
US, UK, Canada, ECB Sweden, Swiss to participate in a 50 Basis Point Rate Cut. (story developing)
See! My 6th sense was itching hard. Won't be surprised if they do it today - and markets rally. If they cut rates and markets still drop then there will be a lot of Prozac distributed.
  • #120,138
  • Oct 8, 2008 6:08am Oct 8, 2008 6:08am
Quoting karmostaji
US, UK, Canada, ECB Sweden, Swiss to participate in a 50 Basis Point Rate Cut. (story developing)
well, who's now open for another 50 bp cut on the official meeting date?
  • #120,139
  • Oct 8, 2008 6:10am Oct 8, 2008 6:10am
Quoting Eulogy
well, who's now open for another 50 bp cut on the official meeting date?
There won't be any more cuts left - they will go to zero before that
  • #120,140
  • Oct 8, 2008 6:13am Oct 8, 2008 6:13am
The question is, will this work?
Trade what you see, not what you think.
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