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

  • #127,821
  • Oct 28, 2008 10:47pm Oct 28, 2008 10:47pm
Quoting alsup1955
This could head bac up big time.....

I dont think the rebound will occur until the london session
I have not failed. I've just found 10,000 ways that won't work -
  • #127,822
  • Oct 28, 2008 10:51pm Oct 28, 2008 10:51pm
Quoting PrisonPlanet
I dont think the rebound will occur until the london session
noticed big reversals happen 10 pm pst

right now buying off 155 for 30 - 40 pips a go ... got 120 pips just doing that
Blogging daily now at www.volume.zone
  • #127,823
  • Oct 28, 2008 10:51pm Oct 28, 2008 10:51pm
Quoting PrisonPlanet
I dont think the rebound will occur until the london session

I'm trying to everyone to sell ,and then I'll buy...he he
  • #127,824
  • Oct 28, 2008 10:56pm Oct 28, 2008 10:56pm
Quoting malcolmb14
noticed big reversals happen 10 pm pst

right now buying off 155 for 30 - 40 pips a go ... got 120 pips just doing that
finally broke
  • #127,825
  • Oct 28, 2008 11:15pm Oct 28, 2008 11:15pm
i'm still holding my short from 155.60
  • #127,826
  • Oct 28, 2008 11:17pm Oct 28, 2008 11:17pm
once we hit 153.50 i'll add on to my short from the bounce off that
  • #127,827
  • Oct 28, 2008 11:21pm Oct 28, 2008 11:21pm
Loving the pips. This was a simple continuation down, after the recent 50% retrace of the huge drop. Sometimes the beast can behave.
  • #127,828
  • Oct 28, 2008 11:21pm Oct 28, 2008 11:21pm
Quoting plrbear
once we hit 153.50 i'll add on to my short from the bounce off that
What is your target for going short with GJ?
  • #127,829
  • Oct 28, 2008 11:23pm Oct 28, 2008 11:23pm
Quoting maryinvest
What is your target for going short with GJ?

I am also thinking the same you do. With target 126.56, is this possible?
  • #127,830
  • Oct 28, 2008 11:23pm Oct 28, 2008 11:23pm
Quoting maryinvest
What is your target for going short with GJ?

main TP is 150 before I see any real chance of heading back to 160
  • #127,831
  • Oct 28, 2008 11:25pm Oct 28, 2008 11:25pm
Quoting maryinvest
I am also thinking the same you do. With target 126.56, is this possible?

if your holding long term trades it is possible, but at resistance levels there will always be retrace's look at last week we we're at 139 and than came all the way back to 159
  • #127,832
  • Oct 28, 2008 11:27pm Oct 28, 2008 11:27pm
maryinves

if you are shooting for lower numbers on GY than get in on bounces up hold them for good 100 - 200 pips. close for profit. wait for bounce and shoot lower again. GY can move over 500 pips in less than a day

I have a eruo/us that I have been holding for 2 months. its up 1700 pips.

so some can be done yes
  • #127,833
  • Oct 28, 2008 11:35pm Oct 28, 2008 11:35pm
Quoting plrbear
maryinves

if you are shooting for lower numbers on GY than get in on bounces up hold them for good 100 - 200 pips. close for profit. wait for bounce and shoot lower again. GY can move over 500 pips in less than a day

I have a eruo/us that I have been holding for 2 months. its up 1700 pips.

so some can be done yes
GJ has been kept down status for over a week so downtrend is obvious maintrend.
I wish I could have some spare time to take intraday profits. So I just let it be for long term short.
  • #127,834
  • Oct 28, 2008 11:38pm Oct 28, 2008 11:38pm
Quoting maryinvest
GJ has been kept down status for over a week so downtrend is obvious maintrend.
I wish I could have some spare time to take intraday profits. So I just let it be for long term short.
there is nothing wrong with that. eventually it will return up but if you can get in on a top and ride it for 3 - 4 hundred pips its nice

I think it will eventually touch the 139 area again, but you can never predict this beast well.

follow malcomlb14, lilmoe, and karmo. they know trends well and are senior traders. they are what got me to scalping as good as I am now and finding good entry and trend
  • #127,835
  • Oct 28, 2008 11:42pm Oct 28, 2008 11:42pm
It really is having a struggle to break 154 I didn't think that was a resistance line. I don't show strong resistance till 153.50

some one wants to be a bull y
  • #127,836
  • Oct 28, 2008 11:46pm Oct 28, 2008 11:46pm
Just creating another small bear flag...

Patience pills....
  • #127,837
  • Oct 28, 2008 11:47pm Oct 28, 2008 11:47pm
Quoting cancunkev
Just creating another small bear flag...

Patience pills....

man I ran out hours ago........ aaaaahhhh lol
  • #127,838
  • Oct 29, 2008 12:02am Oct 29, 2008 12:02am
Quoting plrbear
man I ran out hours ago........ aaaaahhhh lol
lol dammit the minute i go catch up on some other things i miss out on a 30 pip scalp
  • #127,839
  • Oct 29, 2008 12:09am Oct 29, 2008 12:09am
lol its always that way. but at least there will always be another trade
  • #127,840
  • Oct 29, 2008 12:10am Oct 29, 2008 12:10am
Quoting plrbear
lol its always that way. but at least there will always be another trade
yep maybe ill have a short in the next couple of minutes
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