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

  • #148,101
  • Dec 10, 2008 3:50pm Dec 10, 2008 3:50pm
Quoting romio
so what u think can i sell it at 137.00 i think tomorrow is going down so may be we make 30 to 40 pips
I would wait until we get better PA.
  • #148,102
  • Dec 10, 2008 3:50pm Dec 10, 2008 3:50pm
I am a swing trader so I look for the reversal to catch the big moves...

The daily is showing a HD but it will take maybe next week to playout if the TL on the RSX breaks the upper TL..

Time will tell..

This PA this week is only stalling for friday...

Bailout with less money will cause changes in the Little 3 ..

For example, merger of the two car dealership companies will mean layoffs...

The feds only gave them 14 billion...That is not enough so the company will be force to layoff workers and tighten up the production operation...

We are in Deep recession...I don't see how the Little 3 can get ppl to buy cars in this market condition....They will come back next month for more money again....The feds will have a big line of companies waiting for a bailout...



Quoting pino2
I agree with your analysis
[
  • #148,103
  • Dec 10, 2008 3:52pm Dec 10, 2008 3:52pm
Quoting Islander
.....ah, the good old Lucy in the Sky with Diamonds..... a long time ago......yeeks, I almost choked on my nightly medicine thinking about it........ ....till FO guys.....
Good night buddy. Sleep well
  • #148,104
  • Dec 10, 2008 3:53pm Dec 10, 2008 3:53pm
Quoting romio
so what u think can i sell it at 137.00 i think tomorrow is going down so may be we make 30 to 40 pips

Yes go and sell it

SL above 138.50 and TP 135.50

But it is your own risk

Go and try..But learn something about charts and etc.

Auslanco GBP/JPY startegy and limloe and follow guys here

Good luck
Work smart not hard
  • #148,105
  • Dec 10, 2008 3:54pm Dec 10, 2008 3:54pm
Pullback will happen during asian time...

Consolidation may happen until the 135.50 breakout..

If you are conservative than wait for a breakout of the support at 135.50...

tonight will be ranging until London time...

IMHO



Quoting romio
so what u think can i sell it at 137.00 i think tomorrow is going down so may be we make 30 to 40 pips
[
  • #148,106
  • Dec 10, 2008 3:59pm Dec 10, 2008 3:59pm
Quoting rgitt05
Pullback will happen during asian time...

Consolidation may happen until the 135.50 breakout..

If you are conservative than wait for a breakout of the support at 135.50...

tonight will be ranging until London time...

IMHO

Pullback to 138.xx?!
Work smart not hard
  • #148,107
  • Dec 10, 2008 4:03pm Dec 10, 2008 4:03pm
Quoting rgitt05
Pullback will happen during asian time...

Consolidation may happen until the 135.50 breakout..

If you are conservative than wait for a breakout of the support at 135.50...

tonight will be ranging until London time...

IMHO



here is my 4 hr chart ..... confluence of fib time extension say something happening midnight tonight PST (start of London ) , maybe some form of pivot.

there is a 1-2-3 sell formation on 4 hr now that may pan out and the 50 sma is forming upper resistance
Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #148,108
  • Dec 10, 2008 4:03pm Dec 10, 2008 4:03pm
Quoting sony
Yes go and sell it

SL above 138.50 and TP 135.50

But it is your own risk

Go and try..But learn something about charts and etc.

Auslanco GBP/JPY startegy and limloe and follow guys here

Good luck
i am new in trading and trying to learn every thing but sometime i am scare to ask anything bcoz some people they dont like it but i appreciate ur reply
  • #148,109
  • Dec 10, 2008 4:09pm Dec 10, 2008 4:09pm
Quoting romio
i am new in trading and trying to learn every thing but sometime i am scare to ask anything bcoz some people they dont like it but i appreciate ur reply
Dont worry and start with micro account and with 100USD or whatever just be ready that you will loose a lot on the begining.

Coos of that make maybe 1000USD to be your budget for FX and trade slow.

When you are 100% sure in direction of the trade you can use biger lot sizes and that 100USD can grow realy fast....bouth way-+
Work smart not hard
  • #148,110
  • Dec 10, 2008 4:12pm Dec 10, 2008 4:12pm
Quoting romio
i am new in trading and trying to learn every thing but sometime i am scare to ask anything bcoz some people they dont like it but i appreciate ur reply
ask away. no matter how much experience you have there is always more to learn. The only thing people universally hate here is arrogant posturing.
  • #148,111
  • Dec 10, 2008 4:16pm Dec 10, 2008 4:16pm
Quoting romio
i am new in trading and trying to learn every thing but sometime i am scare to ask anything bcoz some people they dont like it but i appreciate ur reply
It's not that Romio. Trading geppy is like trying to be a snake charmer...with a VERY poisonous cobra. No experienced snake charmer is going to feel great about sending you in without flute lessons. You will get bit and die, and then the snake will continue to bite your dead body.

Learn the flute first, THEN get close to see if the snake will dance for you.
What's that smell?
  • #148,112
  • Dec 10, 2008 4:20pm Dec 10, 2008 4:20pm
Quoting jon clogger
It's not that Romio. Trading geppy is like trying to be a snake charmer...with a VERY poisonous cobra. No experienced snake charmer is going to feel great about sending you in without flute lessons. You will get bit and die, and then the snake will continue to bite your dead body.

Learn the flute first, THEN get close to see if the snake will dance for you.

You have a great sense of humour bud! .... Awesome analogy, could not have said it better myself.

  • #148,113
  • Dec 10, 2008 4:24pm Dec 10, 2008 4:24pm
Quoting jon clogger
It's not that Romio. Trading geppy is like trying to be a snake charmer...with a VERY poisonous cobra. No experienced snake charmer is going to feel great about sending you in without flute lessons. You will get bit and die, and then the snake will continue to bite your dead body.

Learn the flute first, THEN get close to see if the snake will dance for you.
aint that the truth
Timing is everything
  • #148,114
  • Dec 10, 2008 4:24pm Dec 10, 2008 4:24pm
Quoting jon clogger
It's not that Romio. Trading geppy is like trying to be a snake charmer...with a VERY poisonous cobra. No experienced snake charmer is going to feel great about sending you in without flute lessons. You will get bit and die, and then the snake will continue to bite your dead body.

Learn the flute first, THEN get close to see if the snake will dance for you.
  • #148,115
  • Dec 10, 2008 4:25pm Dec 10, 2008 4:25pm
I dont know what to use to see how far this may go up more?

I placed my SL on 138.20 but
Work smart not hard
  • #148,116
  • Dec 10, 2008 4:28pm Dec 10, 2008 4:28pm
Quoting jon clogger
It's not that Romio. Trading geppy is like trying to be a snake charmer...with a VERY poisonous cobra. No experienced snake charmer is going to feel great about sending you in without flute lessons. You will get bit and die, and then the snake will continue to bite your dead body.

Learn the flute first, THEN get close to see if the snake will dance for you.
Spot on!

I met a Snake Charmer once, I think her name was Miss Geppy, she bedazzled me with her hypnotic rhythm , then emptied my wallet, beware the snake charmer.
{Some Profound Statement goes here}
  • #148,117
  • Dec 10, 2008 4:29pm Dec 10, 2008 4:29pm
Here is 30min and 1H chart. I can see its heading up. CCi in 30min just about to cross the 0 line and 1H bounce at 0 line.. Maybe we can see 140 area.
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  • #148,118
  • Dec 10, 2008 4:34pm Dec 10, 2008 4:34pm
Quoting bpatto
Spot on!

I met a Snake Charmer once, I think her name was Miss Geppy, she bedazzled me with her hypnotic rhythm , then emptied my wallet, beware the snake charmer.
it is quite harmless if handled with respect but can bite you if you let your guard down.

The snake charmers are another whole kettle of fish
Timing is everything
  • #148,119
  • Dec 10, 2008 4:35pm Dec 10, 2008 4:35pm
Quoting Togy
You have a great sense of humour bud! .... Awesome analogy, could not have said it better myself.

Thanks for the kind words. I always shudder a little when I see these guys approaching the battle lines without weapons.

But I did the same. Twice.
What's that smell?
  • #148,120
  • Dec 10, 2008 4:56pm Dec 10, 2008 4:56pm
still holding longs same sl
"Millionaires don't use astrology, billionaires do"
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