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

  • #136,621
  • Nov 14, 2008 1:37pm Nov 14, 2008 1:37pm
Quoting malcolmb14
I do not think we will get there but i have another upside target of 146.33

I took half off at 1st target for +100 and moved stop to +50 other half

malcolmb , I was in this trade earlier this morning. I went long at 141.38. I took profit at 144 early this morning because it was Friday and I chickened out. Stayed out the rest of day but have been watching to see if my original target af 146.00 would be reached. Ithink it will, if not today then next week.
  • #136,622
  • Nov 14, 2008 1:39pm Nov 14, 2008 1:39pm
Quoting malcolmb14
possible double top YM ... or cup and handle will form then long off 8673 for move to 8900 / 9000 before end of day ?

does not seem possible in 1,5 hours

Attachment

opps got that wrong ... it was 8676 long ...
Blogging daily now at www.volume.zone
  • #136,623
  • Nov 14, 2008 1:39pm Nov 14, 2008 1:39pm
Quoting Geppy
Test of TL earlier break where it was consolidating on that triangle will probably come in here... may add to the longs.
lol... like takin candy from a baby (not that I ever have =)
check out my blog: forexmademillionaire dot com
  • #136,624
  • Nov 14, 2008 1:42pm Nov 14, 2008 1:42pm
Quoting malcolmb14
possible double top YM ... or cup and handle will form then long off 8673 for move to 8900 / 9000 before end of day ?

does not seem possible in 1,5 hours

Attachment
whatever you say will come true, i believe. just glad i was out with +166 pips with todays trade. no more for me. will have fresh start next week. :
  • #136,625
  • Nov 14, 2008 1:46pm Nov 14, 2008 1:46pm
Quoting malcolmb14
possible double top YM ... or cup and handle will form then long off 8673 for move to 8900 / 9000 before end of day ?

does not seem possible in 1,5 hours

Attachment

G/J is looking at a double top as well. Gonna straddle this play.

B
  • #136,626
  • Nov 14, 2008 1:58pm Nov 14, 2008 1:58pm
146.20 r
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #136,627
  • Nov 14, 2008 2:01pm Nov 14, 2008 2:01pm
Quoting Dmac
Smaller position so decided to change target to 146 and stop is now break even. later

Like I said, chickened out at 144.00. Looks like 146 will be hit. Awfully close anyway.
  • #136,628
  • Nov 14, 2008 2:03pm Nov 14, 2008 2:03pm
Quoting khaled22
We need to wait about 1H and 15min to see change in direction of market
whic go up will go down and via versa
That what i said befor 2H , so we will open in gap next week, and we will see GJ @149-151
  • #136,629
  • Nov 14, 2008 2:04pm Nov 14, 2008 2:04pm
Quoting khaled22
That what i said befor 2H , so we will open in gap next week, and we will see GJ @149-151
can't wait to short it @ that level.
  • #136,630
  • Nov 14, 2008 2:05pm Nov 14, 2008 2:05pm
Quoting khaled22
That what i said befor 2H , so we will open in gap next week, and we will see GJ @149-151

I strongly agree bro!
  • #136,631
  • Nov 14, 2008 2:05pm Nov 14, 2008 2:05pm
Quoting pkimnyc
can't wait to short it @ that level.

I here that!
  • #136,632
  • Nov 14, 2008 2:08pm Nov 14, 2008 2:08pm
Quoting pkimnyc
can't wait to short it @ that level.
that's what i'll wait for. i have my bear claws on lol.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #136,633
  • Nov 14, 2008 2:09pm Nov 14, 2008 2:09pm
Ok Fella's, I'm out till next week. Have a great weekend. Gettin ready to watch star wars clone wars with my kids. That bein said, MAY THE FORCE BE WITH YOU!
  • #136,634
  • Nov 14, 2008 2:12pm Nov 14, 2008 2:12pm
Quoting Dmac
malcolmb , I was in this trade earlier this morning. I went long at 141.38. I took profit at 144 early this morning because it was Friday and I chickened out. Stayed out the rest of day but have been watching to see if my original target af 146.00 would be reached. Ithink it will, if not today then next week.
what method did you use to determine tp..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #136,635
  • Nov 14, 2008 2:15pm Nov 14, 2008 2:15pm
Must have been the Paulson mindtrick.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #136,636
  • Nov 14, 2008 2:16pm Nov 14, 2008 2:16pm
Quoting england33
what method did you use to determine tp..

Previous resistance at 146.28 and a 50 fibo retrace from last big move down. You never really know what's gonna happen but how far down can you go without a retacement. Odds to me were favorable to retrace to that point.
  • #136,637
  • Nov 14, 2008 2:30pm Nov 14, 2008 2:30pm
leaving just 1 small bear from 146. let's see.
sl @ last high.
  • #136,638
  • Nov 14, 2008 2:34pm Nov 14, 2008 2:34pm
Remember redemption deadline is Nov.15, 2008..Meaning alot of investors are taking out money....

Bearish.....

Quoting pkimnyc
leaving just 1 small bear from 146. let's see.
sl @ last high.
[
  • #136,639
  • Nov 14, 2008 2:38pm Nov 14, 2008 2:38pm
Quoting rgitt05
Remember redemption deadline is Nov.15, 2008..Meaning alot of investors are taking out money....

Bearish.....
thanks for the info.
  • #136,640
  • Nov 14, 2008 2:39pm Nov 14, 2008 2:39pm
Quoting pkimnyc
leaving just 1 small bear from 146. let's see.
sl @ last high.

Good call bro, but too late for me to trade. Too close to closing time. I'll wait till next week. You might want to take profits quickly on that one. I don't recommend holding trades over the weekend.
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