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

  • #125,181
  • Oct 22, 2008 11:18pm Oct 22, 2008 11:18pm
Quoting janela
WSJ Article Seen Behind Nikkei Afternoon Rally Tokyo, October 23. The Wall Street Journal article \"Plans To Aid Borrowers Gain Steam\" talking of some $40 bln in aid to help forestall foreclosures looks to be behind the afternoon rally in the Nikkei. From close to a 7% decline, the Nikkei has rallied back considerably. At 8478.77 currently going into the TSE close, the Nikkei is down only 195.92 points or 2.26% on the day. It was as low as 8016.61 earlier this morning, plunging from 8547.79 at the open. The rise in the Nikkei this afternoon has seen most JPY pairs trade back up from early afternoon lows. USD/JPY is trading 97.47/49 at writing, up large from 96.85. EUR/JPY too has rallied from a low of 123.40 this afternoon to 124.85/89 at writing. [email protected]
But in the middle of that rally, there was a 80 pip drop in G/J in a few seconds. Price later rebounded.
  • #125,182
  • Oct 22, 2008 11:20pm Oct 22, 2008 11:20pm
What?? Karmo closing all shorts!!!!
  • #125,183
  • Oct 22, 2008 11:21pm Oct 22, 2008 11:21pm
Quoting gillybabe
What?? Karmo closing all shorts!!!!
Yep, we could see a possible good sized retracement or it could be even a reversal but buyers are here and they are buying.
Trade what you see, not what you think.
  • #125,184
  • Oct 22, 2008 11:21pm Oct 22, 2008 11:21pm
first touch of EMA 200 on 5min chart so should go down one more time.

shorted at 15920 SL 15960
  • #125,185
  • Oct 22, 2008 11:23pm Oct 22, 2008 11:23pm
Quoting 5ysfx
first touch of EMA 200 on 5min chart so should go down one more time.

shorted at 15920 SL 15960
Why do you think so ?
  • #125,186
  • Oct 22, 2008 11:25pm Oct 22, 2008 11:25pm
Quoting karmostaji
Yep, we could see a possible good sized retracement or it could be even a reversal but buyers are here and they are buying.
Just gotta say that you da man Karmo!!
  • #125,187
  • Oct 22, 2008 11:26pm Oct 22, 2008 11:26pm
Quoting 5ysfx
first touch of EMA 200 on 5min chart so should go down one more time.

shorted at 15920 SL 15960

I see that also, but I think buying pressure is gonna come on pretty strong considering the fast decline with buyers just waiting for the sellers to leave.
  • #125,188
  • Oct 22, 2008 11:28pm Oct 22, 2008 11:28pm
Quoting cheese
Just gotta say that you da man Karmo!!
Thanks cheese , nice nick btw lol

I have slept only 3 hours yesterday, I feel exhausted.. damn
Trade what you see, not what you think.
  • #125,189
  • Oct 22, 2008 11:31pm Oct 22, 2008 11:31pm
Quoting karmostaji
Thanks cheese , nice nick btw lol

I have slept only 3 hours yesterday, I feel exhausted.. damn
Well worth the work and sleeplessness Im sure!!!
  • #125,190
  • Oct 22, 2008 11:31pm Oct 22, 2008 11:31pm
The charts and indicators don't lie, you just need to read them properly and have patience for them to play out.

Keep it simple
Trade what you see, not what you think.
  • #125,191
  • Oct 22, 2008 11:32pm Oct 22, 2008 11:32pm
Quoting cheese
I see that also, but I think buying pressure is gonna come on pretty strong considering the fast decline with buyers just waiting for the sellers to leave.
yep
buying pressure too strong
closed all trades and will take some nap

later
trade well
  • #125,192
  • Oct 22, 2008 11:32pm Oct 22, 2008 11:32pm
Shorts are covering and buyers are rolling in!
  • #125,193
  • Oct 22, 2008 11:32pm Oct 22, 2008 11:32pm
Look at the bulls go, the chart is clear

Retracement is on, 50% my 1st target
Trade what you see, not what you think.
  • #125,194
  • Oct 22, 2008 11:35pm Oct 22, 2008 11:35pm
Quoting karmostaji
Look at the bulls go, the chart is clear

Retracement is on, 50% my 1st target
what # is that?

thanks
  • #125,195
  • Oct 22, 2008 11:37pm Oct 22, 2008 11:37pm
Quoting rogerdoger
what # is that?

thanks
168.09 but we have TL around 164 to break
Trade what you see, not what you think.
  • #125,196
  • Oct 22, 2008 11:37pm Oct 22, 2008 11:37pm
Quoting cheese
Just gotta say that you da man Karmo!!
Hey, what about me? -joke
  • #125,197
  • Oct 22, 2008 11:41pm Oct 22, 2008 11:41pm
Quoting Petefaders
Hey, what about me? -joke
Yea....And me!

I give real world examples of how not to trade!



B
  • #125,198
  • Oct 22, 2008 11:43pm Oct 22, 2008 11:43pm
Quoting bigcoupe
Yea....And me!

I give real world examples of how not to trade!



B
tell me next time you take a trade and ill take the opposite position for guaranteed money
  • #125,199
  • Oct 22, 2008 11:55pm Oct 22, 2008 11:55pm
yet another fakeout?

15min 5sma giving some support right now...
  • #125,200
  • Oct 22, 2008 11:57pm Oct 22, 2008 11:57pm
we have a nice uptrend on the 5m chart, if the supporting TL breaks then I might short

I've moved my SL's on longs to BE
Trade what you see, not what you think.
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