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

  • #140,701
  • Nov 21, 2008 10:56am Nov 21, 2008 10:56am
Quoting karmostaji
lol 139 will be taken out.

mark my words and print this post.
vote. will 139 be taken out or will it go above 145 first.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #140,702
  • Nov 21, 2008 10:57am Nov 21, 2008 10:57am
Quoting karmostaji
lol 139 will be taken out.

mark my words and print this post.
pinned
next week karmo?

don't forget, we are betting for lilmoe's kebab's
  • #140,703
  • Nov 21, 2008 10:57am Nov 21, 2008 10:57am
Quoting karmostaji
Karmo doesn't think so, we'll see new low's next week

I think its time for Fridays to reclaim its crazy title and just start making new lows today

Lets see dow at 7000 and GBPJPY at eerm.... well below 138 and of yeah cable at 1.45

wouldnt it be great if that happened today.....
  • #140,704
  • Nov 21, 2008 10:58am Nov 21, 2008 10:58am
Quoting england33
vote. will 139 be taken out or will it go above 145 first.
perfect place to add shorts.
  • #140,705
  • Nov 21, 2008 10:58am Nov 21, 2008 10:58am
Quoting karmostaji
lol 139 will be taken out.

mark my words and print this post.
Since we went down to 137.6 yesterday, could you explain pls why you consider 139 was not taken out? Thanks
  • #140,706
  • Nov 21, 2008 10:59am Nov 21, 2008 10:59am
i'll vote 145 just to make it interesting..

what comes first?
below 139 karmostaji
above 145 england33
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #140,707
  • Nov 21, 2008 11:00am Nov 21, 2008 11:00am
Quoting Dr.Geppynius
pinned
next week karmo?

don't forget, we are betting for lilmoe's kebab's

great call on market lows Dr G ... thanks for the 200 Ym point and almost 200 gj pips
Blogging daily now at www.volume.zone
  • #140,708
  • Nov 21, 2008 11:00am Nov 21, 2008 11:00am
Quoting gillybabe
Since we went down to 137.6 yesterday, could you explain pls why you consider 139 was not taken out? Thanks
we did not manage to stay below...so this "takeout" lacks of validity

fakeout?

who knows
  • #140,709
  • Nov 21, 2008 11:02am Nov 21, 2008 11:02am
Quoting england33
i'll vote 145 just to make it interesting..

what comes first?
below 139 karmostaji
above 145 england33

this market can do anything at any time

I vote for swing traders getting loads of draw down before their trade works ....lol
Blogging daily now at www.volume.zone
  • #140,710
  • Nov 21, 2008 11:02am Nov 21, 2008 11:02am
Quoting Dr.Geppynius
we did not manage to stay below...so this "takeout" lacks of validity

fakeout?

who knows
Thank you. So how long do we have to stay below before it is valid - 1h, 4h ??
  • #140,711
  • Nov 21, 2008 11:04am Nov 21, 2008 11:04am
We just reached 50% retracement of the intra-day move. Added some shorts!

B
  • #140,712
  • Nov 21, 2008 11:04am Nov 21, 2008 11:04am
Quoting gillybabe
Thank you. So how long do we have to stay below before it is valid - 1h, 4h ??
I like 1 hour close with the next 1 hr opening bleow the close of the 1hr candle that broke the support level.

In fact 137.7 was an awesome long for me last night ... I was hoping for 145 today ... but hey 143 treble top will do
Blogging daily now at www.volume.zone
  • #140,713
  • Nov 21, 2008 11:06am Nov 21, 2008 11:06am
Quoting gillybabe
Thank you. So how long do we have to stay below before it is valid - 1h, 4h ??
it depends on your trading horizon, your timeframe.

but i'm sure no one would disagree if i say we want to see a daily close below it with a rejection on the following days, because we are talking about targets of 500+ pips here. price might spike above it during the day, but what matters is the 5pm close, end of trading day.

e.g. if price tries to come towards 139 from below but gets rejected and bounces off.
  • #140,714
  • Nov 21, 2008 11:07am Nov 21, 2008 11:07am
Quoting TraderStar
Cool!

The big thing for me was to stick to my guns (as karmo does) when I saw that the 4h chart (according to his rules) showed more downside, even with price going up past 143. After that it was easy & I just kept shorting the retracements like you did.
Good for you. I was pretty nervous myself as the Longs were looking pretty strong. Couldnt sleep most of the night, you all know the drill. Anyway, kept taking my karmo pills and it paid off,
  • #140,715
  • Nov 21, 2008 11:08am Nov 21, 2008 11:08am
where did you grab the ym malcolm? 3x 2m bounces off of 7530 or the long rally from dip below yesterdays low?
  • #140,716
  • Nov 21, 2008 11:21am Nov 21, 2008 11:21am
Quoting karmostaji
lol 139 will be taken out.

mark my words and print this post.

Karmo, I support you!!
Read the entire market, money is made on the main trend not the fluctuation
  • #140,717
  • Nov 21, 2008 11:21am Nov 21, 2008 11:21am
Quoting Dr.Geppynius
where did you grab the ym malcolm? 3x 2m bounces off of 7530 or the long rally from dip below yesterdays low?

as you told me go long long off 7450 .... you had it nailed to the point ...

the real king ...lol
Blogging daily now at www.volume.zone
  • #140,718
  • Nov 21, 2008 11:22am Nov 21, 2008 11:22am
Quoting Kofmaster
Karmo, I support you!!
then nothing can go wrong
  • #140,719
  • Nov 21, 2008 11:22am Nov 21, 2008 11:22am
Quoting england33
i'll vote 145 just to make it interesting..

what comes first?
below 139 karmostaji
above 145 england33
pick a side gentlemen. don't wait for lilmoe to chose lol..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #140,720
  • Nov 21, 2008 11:23am Nov 21, 2008 11:23am
Quoting karmostaji
lol 139 will be taken out.

mark my words and print this post.

of course 139 will be taken out .. that is like me saying 200 will be reached .. of course it will ... in about 20 years if there is such a thing as the JPY then

....lol
Blogging daily now at www.volume.zone
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