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

  • #217,761
  • Mar 9, 2010 3:37am Mar 9, 2010 3:37am
Now that all all the Longs got burned they will keep quiet. Why would you even go long when price got rejected of the Daily Ghann?

Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 103 KB
  • #217,762
  • Mar 9, 2010 4:03am Mar 9, 2010 4:03am
..long short long short..funny
  • #217,763
  • Mar 9, 2010 4:05am Mar 9, 2010 4:05am
Quoting LeoBond
Now that all all the Longs got burned they will keep quiet. Why would you even go long when price got rejected of the Daily Ghann?

Chart:
Funnily enough, now is a pretty good price to start building small long term longs.

We're a gnats whisker away now. One more push down so AY and UY reach Friday's break-out levels and longs are a good R/R.
  • #217,764
  • Mar 9, 2010 4:13am Mar 9, 2010 4:13am


Quoting grashid
..long short long short..funny
Attached Image
I don't CARE how many DOLLAR you earn, I just care how LONG you can TRADE
  • #217,765
  • Mar 9, 2010 4:14am Mar 9, 2010 4:14am
Quoting ukdaytrader
Funnily enough, now is a pretty good price to start building small long term longs.

We're a gnats whisker away now. One more push down so AY and UY reach Friday's break-out levels and longs are a good R/R.

Agree.
******************* I'd rather make money than be right.
  • #217,766
  • Mar 9, 2010 4:52am Mar 9, 2010 4:52am
Hi all,

all traders must take care and never never go long ,the GBP/jpy is going to test the lows 133.00/132.00 .

i have short positions already .

the beast have already completed the upside correction and now on it's way down .
I always knew that someday I would make it big
  • #217,767
  • Mar 9, 2010 4:52am Mar 9, 2010 4:52am
Quote
Not sure you're going to get that 1.40 you're looking for. . . Maybe a slight pull back dipping back below 1.49/1.4850 but can't see too much lower than that. . .

I would consider buying dips on GU instead of shorts. . . As I see 1.53/1.55 next immediate price point. . .

And we shall see 1.53 by end of Q1, 1.60 by end of Q2 and 1.63 by end of Q3. . .

Have u noticed that pin bar on the weekly chart = reversal! http://cdn.forexfactory.com/images/s.../donotknow.gif

I appreciate your views. But from my experience, once a pair breaks its 'YEARLY PIVOT', it is in a major downtrend.

G/J, G/U and E/U have broken their yearly pivots last month and i am expecting 125 in G/J, 1.40 in G/U and 1.27 in E/U.

I am short and though i am tempted to book 50-80 pips profit but i will control my emotions and will wait for next 4-6 weeks to book profits.

G/U wil hit the bottom at more or less same time when E/U hits its bottom (80% correlation between 2 of them)

We are in US dollar bullish theme and pound bearish theme. It is a strong theme to drive G/U to test 1.40 or 1.36 (last year low).
  • #217,768
  • Mar 9, 2010 4:54am Mar 9, 2010 4:54am
Quote
Hi all,

all traders must take care and never never go long ,the GBP/jpy is going to test the lows 133.00/132.00 .

i have short positions already .

the beast have already completed the upside correction and now on it's way down .http://cdn.forexfactory.com/images/s...m/thumbsup.gif

I agree...G/J completed its retracement at 137, G/U completed its retracement at 1.5195.

I am short but i really want 1000 pips profit in next 4-8 weeks.
  • #217,769
  • Mar 9, 2010 4:59am Mar 9, 2010 4:59am
Quoting forexer
Hi all,

all traders must take care and never never go long ,the GBP/jpy is going to test the lows 133.00/132.00 .

i have short positions already .

the beast have already completed the upside correction and now on it's way down .
Dear forexer
Never never should not predict anything with 100% sure . be careful
  • #217,770
  • Mar 9, 2010 5:02am Mar 9, 2010 5:02am
Quoting forexer
Hi all,

all traders must take care and never never go long ,the GBP/jpy is going to test the lows 133.00/132.00 .

i have short positions already .

the beast have already completed the upside correction and now on it's way down .
i went long at 134
should i be scared ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #217,771
  • Mar 9, 2010 5:05am Mar 9, 2010 5:05am
Quoting danryman78
Dear forexer
Never never should not predict anything with 100% sure . be careful
Hi daryman,

i said [never] according to my technical analysis and it's just a warning for bulls not to take longs in such bearish conditions.

so i'm trading my charts and all i can see in my charts are bears ,wild bears just determined enough to get red of the GBP in general .

cheers,
I always knew that someday I would make it big
  • #217,772
  • Mar 9, 2010 5:09am Mar 9, 2010 5:09am
Quote
i went long at 134
should i be scared ? http://cdn.forexfactory.com/images/s...nailbiting.gif

It is coming back from 137 which was approx 50% retracement of 1.43-1.32

Taking a long is a counter trend trade. I hope you have TP and SL clearly defined in this trade.
  • #217,773
  • Mar 9, 2010 5:13am Mar 9, 2010 5:13am
Quoting kingfisher
It is coming back from 137 which was approx 50% retracement of 1.43-1.32

Taking a long is a counter trend trade. I hope you have TP and SL clearly defined in this trade.
SL 132.4
TP 135 if PA looks toppy at that level, if not move sl below 134 and try to ride it to the upside. .

something like that.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #217,774
  • Mar 9, 2010 5:57am Mar 9, 2010 5:57am
Quoting DMA Trader
i went long at 134
should i be scared ?
no need tobe scared, just set tight stoploss
I always knew that someday I would make it big
  • #217,775
  • Mar 9, 2010 5:59am Mar 9, 2010 5:59am
Quoting DMA Trader
i went long at 134
should i be scared ?
No, don't be scared.
All the shorts are wrong, just give it a little
It will go up big time
New voice message: Why are you calling me? If I need you, I'll call you!
  • #217,776
  • Mar 9, 2010 6:01am Mar 9, 2010 6:01am
Quoting forexer
no need tobe scared, just set tight stoploss
Quoting KillerWhale
No, don't be scared.
All the shorts are wrong
It will go up big time

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #217,777
  • Mar 9, 2010 6:14am Mar 9, 2010 6:14am
Quoting DMA Trader
Told you it would go up
New voice message: Why are you calling me? If I need you, I'll call you!
  • #217,778
  • Mar 9, 2010 6:19am Mar 9, 2010 6:19am
Quoting KillerWhale
No, don't be scared.
All the shorts are wrong, just give it a little
It will go up big time
i'll be there at 133.00 today ,i'm one of the bears in the Market we will see who will have the last laugh
I always knew that someday I would make it big
  • #217,779
  • Mar 9, 2010 6:20am Mar 9, 2010 6:20am
Quoting forexer
i'll be there at 133.00 today ,i'm one of the bears in the Market we will see who will have the last laugh
I had my laugh already, took profit!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #217,780
  • Mar 9, 2010 6:26am Mar 9, 2010 6:26am
Quoting OrionsWay
Did anyone buy the longs???

i got more at 56
Cad Longs starting out AOK
"Millionaires don't use astrology, billionaires do"
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