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

  • #124,261
  • Oct 21, 2008 2:19pm Oct 21, 2008 2:19pm
Quoting fxinthesun
Yes shes lovely made 90pips in 10min
congrats. thinking that it will make one more spike before another slide, didn't get in from the top. +36 pips.
  • #124,262
  • Oct 21, 2008 2:20pm Oct 21, 2008 2:20pm
Quoting malcolmb14
karmo .. fundies I would agree with 165 ,... but this is very strong reversal pattern here 60 min ...

Attachment
165 is calling my name.
Trade what you see, not what you think.
  • #124,263
  • Oct 21, 2008 2:22pm Oct 21, 2008 2:22pm
BOE cheif king speaking. thats what caused the GBP droppped and with it GJ.

He says UK certainly in recession and strong indicators for downside on growth.

the text is much worse from what i say here.

This indicates more ratecuts from BoE soon.
  • #124,264
  • Oct 21, 2008 2:25pm Oct 21, 2008 2:25pm
Short on the GU 1.6940

I use any array of stochs, you can find the idea on in the free strats area - Spuds stoch thread, anyway the stochs formed a rope on the 5 minute, and crossed over the 76 line in from the overbought region, so i placed an order.

Short on GJ at 170.4 (same resaon as above), added short at 169.7 just because of momentum.
  • #124,265
  • Edited 2:38pm Oct 21, 2008 2:26pm | Edited 2:38pm
Quoting karmostaji
Do you see any reversals on higher TF's (1h+)?
You are the MAN.
4 shorts all with positive S/L's.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #124,266
  • Oct 21, 2008 2:28pm Oct 21, 2008 2:28pm
Quoting pkimnyc
congrats. thinking that it will make one more spike before another slide, didn't get in from the top. +36 pips.

Thanks It's been my best day in forex since i started reading about this 4years ago. Its just wild
  • #124,267
  • Oct 21, 2008 2:28pm Oct 21, 2008 2:28pm
here we go... anybody long ?
  • #124,268
  • Oct 21, 2008 2:29pm Oct 21, 2008 2:29pm
Quoting peaches
here we go... anybody long ?
I ate them all, delicious
Trade what you see, not what you think.
  • #124,269
  • Oct 21, 2008 2:29pm Oct 21, 2008 2:29pm
damn was busy and didnt close my trade in proper time...

better a few pips than loss.
  • #124,270
  • Oct 21, 2008 2:29pm Oct 21, 2008 2:29pm
Now THAT was awesome.
  • #124,271
  • Oct 21, 2008 2:30pm Oct 21, 2008 2:30pm
Quoting pkimnyc
congrats. thinking that it will make one more spike before another slide, didn't get in from the top. +36 pips.
yea, i also thought it would go to 171.30 at least, but i managed to jump in at 170.07...
  • #124,272
  • Oct 21, 2008 2:31pm Oct 21, 2008 2:31pm
Quoting peaches
here we go... anybody long ?
nope no more longs here, only shorts...
  • #124,273
  • Oct 21, 2008 2:32pm Oct 21, 2008 2:32pm
Quoting lilmoe
yea, i also thought it would go to 171.30 at least, but i managed to jump in at 170.07...
yeah, got in around that area as well.
  • #124,274
  • Oct 21, 2008 2:33pm Oct 21, 2008 2:33pm
U should read the speech text from BoE governer King.

It sould awful. No wonder GU dropped like as stone as soon after that.

These days NY sessions are getting mpre profitable than London session.

Just wait and see what happens after close.

What if Apple and yahoo earning are awful.

That would be the icing on the cake. lol
  • #124,275
  • Oct 21, 2008 2:34pm Oct 21, 2008 2:34pm
4 h tom demark support taken, this one goes 166.X
  • #124,276
  • Oct 21, 2008 2:34pm Oct 21, 2008 2:34pm
Quote
Short on the GU 1.6940

I use any array of stochs, you can find the idea on in the free strats area - Spuds stoch thread, anyway the stochs formed a rope on the 5 minute, and crossed over the 76 line in from the overbought region, so i placed an order.

Short on GJ at 170.4 (same resaon as above), added short at 169.7 just because of momentum.

Added another short GJ 168.7, stochs are pointing down down very vertically, indicating theres more room to go.. 7 lots GJ going south

http://www.forexfactory.com/images/misc/progress.gif

  • #124,277
  • Oct 21, 2008 2:35pm Oct 21, 2008 2:35pm
where is malcolmb now? lol

165 is coming, it is screaming karmoooooo i'm here come get me baby
Trade what you see, not what you think.
  • #124,278
  • Oct 21, 2008 2:35pm Oct 21, 2008 2:35pm
Quoting malcolmb14
karmo .. fundies I would agree with 165 ,... but this is very strong reversal pattern here 60 min ...

Attachment
Now how do you like the 1h candle right next to it?
  • #124,279
  • Oct 21, 2008 2:35pm Oct 21, 2008 2:35pm
Quoting karmostaji
I ate them all, delicious

ummm, i did get 60 pips out of that long though would've been more if i was a bit more patient.

i'm closing half of that additional short at 170 for 200 pips... rest at profit of course.
  • #124,280
  • Oct 21, 2008 2:35pm Oct 21, 2008 2:35pm
WOW. love it.

Karmo, Nice call
Do not follow my trades. Trade what you see on your own charts.
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