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

  • #134,901
  • Nov 12, 2008 1:28am Nov 12, 2008 1:28am
Just about to go to bed and we get some excitement! Man I love this, green pips rain down on me!!!
check out my blog: forexmademillionaire dot com
  • #134,902
  • Nov 12, 2008 1:30am Nov 12, 2008 1:30am
its heading your way Geppy.

are you phasing in your short positions or waiting for confirmations at 154 area?
Quoting Geppy
Just about to go to bed and we get some excitement! Man I love this, green pips rain down on me!!!
  • #134,903
  • Nov 12, 2008 1:32am Nov 12, 2008 1:32am
hummm price broke ema 50 m30 and dp and TL but can't go higher fast
??? hang and down !! 151.87 and 152.13 is the best if can
  • #134,904
  • Nov 12, 2008 1:33am Nov 12, 2008 1:33am
Not anymore! stopped out 151.25. yea ok maybe it wasnt a great call... i think when i say go short so many people across the world go long i can change the price all on my own.
  • #134,905
  • Nov 12, 2008 1:34am Nov 12, 2008 1:34am
Quoting peyman
hummm price broke ema 50 m30 and dp and TL but can't go higher fast
??? hang and down !! 151.87 and 152.13 is the best if can
Double Bounce: GU from DPP and UY from 4h GANN
  • #134,906
  • Nov 12, 2008 1:34am Nov 12, 2008 1:34am
chart
Attached Image (click to enlarge)
Click to Enlarge Name: ema-dp.JPG Size: 147 KB
  • #134,907
  • Nov 12, 2008 1:36am Nov 12, 2008 1:36am
  •  Hamsoj
  • | Joined Jul 2008 | Status: The humble at heart shall see God | 18 Posts
Hello Guys,

Who is got any tips on GBP/USD. I think it is heading up for the London just want to be sure cuz i am long already
  • #134,908
  • Nov 12, 2008 1:36am Nov 12, 2008 1:36am
Quoting bobcat
Not anymore! stopped out 151.25. yea ok maybe it wasnt a great call... i think when i say go short so many people across the world go long i can change the price all on my own.
it's a wicked market.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #134,909
  • Nov 12, 2008 1:37am Nov 12, 2008 1:37am
Quoting Serendipity
its heading your way Geppy.

are you phasing in your short positions or waiting for confirmations at 154 area?

I'm waiting. I've got profit target set to 154.00 which could be slightly conservative, but I'll be one happy camper regardless. I expect the Dow to open higher tomorrow, futures are trading 113 points higher as I type. That will give Geppy some support and may justify a rally. Point is, we should continue grinding higher the rest of the night in less something goes awry. So have a stop loss (in profit SL) in place.

I'll be evaluating the move tomorrow morning based on the reaction to a higher Dow, etc. However, under ideal conditions I see this potentially going to the low 155 area where it meets up with the TL. That would be an ideal place to begin shorting unless it looks extremely strong and ready to break the large flag (unlikely).

I have an order to buy a slight pull back to the low 151 area and add a bit to the position and I have some AUD/USD longs still from 0.6550 Other than that, I'm laying out some orders to sell EUR/USD and will also be looking to sell USD/JPY in the morning along with Geppy.

Unfortunately (I only say unfortunately because I hold lots of gold and silver), the USD strength is most likely not over yet, but this current drop is nice as it may set up for some good chances to short things like EUR, GBP, etc against the USD.

Happy trading and see you in the morning.

Geppy
check out my blog: forexmademillionaire dot com
  • #134,910
  • Nov 12, 2008 1:42am Nov 12, 2008 1:42am
Quoting england33
it's a wicked market.
Your names england but it says here your from the USA, whats occuring there?
  • #134,911
  • Nov 12, 2008 1:44am Nov 12, 2008 1:44am
Quoting Geppy
I'm waiting. I've got profit target set to 154.00 which could be slightly conservative, but I'll be one happy camper regardless. I expect the Dow to open higher tomorrow, futures are trading 113 points higher as I type. That will give Geppy some support and may justify a rally. Point is, we should continue grinding higher the rest of the night in less something goes awry. So have a stop loss (in profit SL) in place.
There will be some annoucements re: gpb in less than 2 hours time, you think it will still help to propel the geppy upwards?
  • #134,912
  • Edited 2:00am Nov 12, 2008 1:46am | Edited 2:00am
Quoting bobcat
Your names england but it says here your from the USA, whats occuring there?
i have to live in england to be english?
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #134,913
  • Nov 12, 2008 1:50am Nov 12, 2008 1:50am
GBPhttp://www.forexfactory.com/images/m...mpact_high.gifClaimant Count Change
http://www.forexfactory.com/images/m...etail_star.gif
40.0K31.8K

these days is bad for uk and I think no one want to have gbp 1 h before
news so it fall the first and then depend on news i think
  • #134,914
  • Nov 12, 2008 1:58am Nov 12, 2008 1:58am
sell rallies

that's my strategy
Trade what you see, not what you think.
  • #134,915
  • Nov 12, 2008 2:00am Nov 12, 2008 2:00am
Nice pin bar on the hourly which closed back inside the bear flag...
  • #134,916
  • Nov 12, 2008 2:07am Nov 12, 2008 2:07am
Quoting england33
i have to live in england to be english?
Im only asking...

The reason i asked is I too am from UK and live in USA.
  • #134,917
  • Nov 12, 2008 2:08am Nov 12, 2008 2:08am
Quoting bobcat
Im only asking...

The reason i asked is I too am from UK and live in USA.
ah i see. nope we live in the usa.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #134,918
  • Nov 12, 2008 2:17am Nov 12, 2008 2:17am
Quoting england33
ah i see. nope we live in the usa.
3am in the morning,you dont sleep?
  • #134,919
  • Nov 12, 2008 2:18am Nov 12, 2008 2:18am
morning everyone.... that 3-4 hour nap extended to a long sleep lol, i needed it though.

did anyone catch that short from DP? if DP holds we might see the same setup we had yesterday.

as mentioned yesterday. 149 is 61.8 fibo of the move up from 139 to 165. we might either range around this area or get a bounce. but again, if DP holds we might see the same setup we got yesterday. i canceled my sell limit order at 152, and instead went for a market order short at 151.50, now set to break even.

i agree with karmo. i'm also selling rallies unless yesterday's support at 152 is taken out (where i'll reevaluate).
  • #134,920
  • Nov 12, 2008 2:18am Nov 12, 2008 2:18am
Quoting moneybookers
3am in the morning,you dont sleep?
maybe he is on the west coast
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