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

  • #133,641
  • Nov 9, 2008 6:45pm Nov 9, 2008 6:45pm
Quoting Geppy
Just got filled on my 157.00 short... 157.25 next one waiting
I think they push this to 160.... hunch ...and 38.2 fib ext of the 1-2-3 buy set up

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  • #133,642
  • Nov 9, 2008 6:45pm Nov 9, 2008 6:45pm
Bearish divergence?
  • #133,643
  • Nov 9, 2008 6:46pm Nov 9, 2008 6:46pm
Quoting Geppy
Price action and MACD showing divergence on a 5min USD/JPY chart... could mean nothing, could mean everything.
Is that like it could go up or it could go down
  • #133,644
  • Nov 9, 2008 6:46pm Nov 9, 2008 6:46pm
Short at 157.15 with a SL at 157.35

20 pip risk with great profit potential
  • #133,645
  • Nov 9, 2008 6:49pm Nov 9, 2008 6:49pm
Quoting cancunkev
Bearish divergence?
Yes
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  • #133,646
  • Nov 9, 2008 6:50pm Nov 9, 2008 6:50pm
from EW's perspective.
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  • #133,647
  • Nov 9, 2008 6:54pm Nov 9, 2008 6:54pm
Quoting Geppy
Just got filled on my 157.00 short... 157.25 next one waiting
May i know why you short at the poiny 157.00? at 157.25 since this might be going up..
Read the entire market, money is made on the main trend not the fluctuation
  • #133,648
  • Nov 9, 2008 6:57pm Nov 9, 2008 6:57pm
Quoting Kofmaster
May i know why you short at the poiny 157.00? at 157.25 since this might be going up..
Kof, I've stated this quite a few times already... but I'm shorting every 25 pips up as far as 158.25 I never enter my entire position at on juncture as it's always best to taper into a position as the likely-hood of picking tops and bottoms is extremely rare.
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  • #133,649
  • Nov 9, 2008 6:59pm Nov 9, 2008 6:59pm
Just filled on the 157.25 short
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  • #133,650
  • Nov 9, 2008 7:00pm Nov 9, 2008 7:00pm
Cable. All the weekly momentums strongly suggest a bullish week , at least to the weekly -5 sma close. Perhaps we'll break the weekly inside bars. We'll see how it plays out.
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  • #133,651
  • Nov 9, 2008 7:02pm Nov 9, 2008 7:02pm
Quoting Geppy
Kof, I've stated this quite a few times already... but I'm shorting every 25 pips up as far as 158.25 I never enter my entire position at on juncture as it's always best to taper into a position as the likely-hood of picking tops and bottoms is extremely rare.
Since every interval of 25 pips you have a pending order. So what is the take TP & SL? Sorry if i asked a silly question.
Read the entire market, money is made on the main trend not the fluctuation
  • #133,652
  • Nov 9, 2008 7:06pm Nov 9, 2008 7:06pm
im short, 157.20.
  • #133,653
  • Nov 9, 2008 7:06pm Nov 9, 2008 7:06pm
Quoting Kofmaster
Since every interval of 25 pips you have a pending order. So what is the take TP & SL? Sorry if i asked a silly question.

Stop loss will be above the last open short at 158.25 Obviously, if price drops significantly and I never get filled here I will clear the order and place a stop. If it were to get filled, a stop loss of somewhere around 160.00 seems appropriate.

I'm looking for a target of at least 150.00 or maybe lower. I'll have an easier time projecting this once the down trend starts again.
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  • #133,654
  • Nov 9, 2008 7:13pm Nov 9, 2008 7:13pm
Quoting Geppy
Stop loss will be above the last open short at 158.25 Obviously, if price drops significantly and I never get filled here I will clear the order and place a stop. If it were to get filled, a stop loss of somewhere around 160.00 seems appropriate.

I'm looking for a target of at least 150.00 or maybe lower. I'll have an easier time projecting this once the down trend starts again.
It probably would reach your SL 160 first before your tp ..

j/k
  • #133,655
  • Nov 9, 2008 7:16pm Nov 9, 2008 7:16pm
Quoting mktjong
It probably would reach your SL 160 first before your tp ..

j/k
Then I would assume you're long...
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  • #133,656
  • Nov 9, 2008 7:20pm Nov 9, 2008 7:20pm
Quoting Geppy
Then I would assume you're long...
Yes, in fact it hasn't hit the TL yet before it retrace i assume..
Read the entire market, money is made on the main trend not the fluctuation
  • #133,657
  • Nov 9, 2008 7:22pm Nov 9, 2008 7:22pm
Possible H&S formation on 5M chart..anybody sees that??
Markets are not Random, they are designed!
  • #133,658
  • Nov 9, 2008 7:22pm Nov 9, 2008 7:22pm
Well, good luck to you. You're probably right as I don't even know how to trade

Kof, where are you long from? What are you TP and SL?
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  • #133,659
  • Nov 9, 2008 7:28pm Nov 9, 2008 7:28pm
Quoting Geppy
Then I would assume you're long...
No, I don't trade GJ lately but EJ. This uptrend prediction is just based on my analysis.
I currently short UC.
  • #133,660
  • Nov 9, 2008 7:29pm Nov 9, 2008 7:29pm
Quoting mktjong
No, I don't trade GJ lately but EJ. This uptrend prediction is just based on my analysis.
I currently short UC.
u/cad or u/chf?
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