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

  • #223,501
  • May 6, 2010 9:33am May 6, 2010 9:33am
Quoting JhonMonsalve
Hey buddy!

I'm worried a little bit about ¥ index, is on a really strong weekly s/r zone, if we have a close below that area --> another 500 pips or even more in the cards, else, it will bounce hard from there, I'm waiting until I get some clear signal...


51.70 is pretty tough area. Part of why I'm thinking we may bounce. Signal will come.
  • #223,502
  • May 6, 2010 9:37am May 6, 2010 9:37am
Man, ever day this week I wake up to Forex carnage. If 139 to 139.50 don't hold it, Katie bar the door.
"Don't trade to trade . . . trade to win." - James16
  • #223,503
  • May 6, 2010 9:44am May 6, 2010 9:44am
ANNNNNNNNNNNNND... I'm flat! All you n00b naysayers can consider yourself n00ked
check out my blog: forexmademillionaire dot com
  • #223,504
  • May 6, 2010 9:48am May 6, 2010 9:48am
Quoting Geppy
ANNNNNNNNNNNNND... I'm flat! All you n00b naysayers can consider yourself n00ked
Quick question: Do you plan on a retrace anytime soon to short again?

I went flat, but with this momentum on the downside, I can't see a place to re-enter.
  • #223,505
  • May 6, 2010 9:48am May 6, 2010 9:48am
Quoting Geppy
ANNNNNNNNNNNNND... I'm flat! All you n00b naysayers can consider yourself n00ked
Nothing short of awesome conviction and analysis on your part. I might comment on this later, but for now, I'm holding on & monitoring my M1 ... 139.657 and counting, maybe. Coming up on the hourly close, so we may have more to travel ... might be that trip to 139.2ish. Or might be a 139.6 100% fib that I've got on my chart from some price movement ... too many of them sometimes get confusing.
  • #223,506
  • May 6, 2010 9:48am May 6, 2010 9:48am
Sell Mortimer Sell! Get me out at any price.
"Don't trade to trade . . . trade to win." - James16
  • #223,507
  • May 6, 2010 9:49am May 6, 2010 9:49am
Quoting Geppy
ANNNNNNNNNNNNND... I'm flat! All you n00b naysayers can consider yourself n00ked
Good trading Geppy. 139.4 is key level now.
  • #223,508
  • May 6, 2010 9:49am May 6, 2010 9:49am
gj30m
http://www.forexfactory.com/showpost...stcount=223497
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  • #223,509
  • May 6, 2010 9:52am May 6, 2010 9:52am
Quoting Geppy
ANNNNNNNNNNNNND... I'm flat! All you n00b naysayers can consider yourself n00ked
well done
  • #223,510
  • May 6, 2010 9:54am May 6, 2010 9:54am
Quoting Tsudo
Quick question: Do you plan on a retrace anytime soon to short again?

I went flat, but with this momentum on the downside, I can't see a place to re-enter.
Thanks for asking... I'm actually joining Gucc and taking some small longs here. Just testing the waters for a potential small retracement followed by a retest of these new lows, then the real retracement.

Other scenario is we keep dropping and I cut the trade all together.
check out my blog: forexmademillionaire dot com
  • #223,511
  • May 6, 2010 9:57am May 6, 2010 9:57am
Quoting Geppy
Thanks for asking... I'm actually joining Gucc and taking some small longs here. Just testing the waters for a potential small retracement followed by a retest of these new lows, then the real retracement.

Other scenario is we keep dropping and I cut the trade all together.
Very nice!

Thanks
  • #223,512
  • May 6, 2010 9:58am May 6, 2010 9:58am
Quoting Beljevina
Nothing short of awesome conviction and analysis on your part. I might comment on this later, but for now, I'm holding on & monitoring my M1 ... 139.657 and counting, maybe. Coming up on the hourly close, so we may have more to travel ... might be that trip to 139.2ish. Or might be a 139.6 100% fib that I've got on my chart from some price movement ... too many of them sometimes get confusing.
Quoting ukdaytrader
Good trading Geppy. 139.4 is key level now.
Quoting 5ysfx
well done
Thanks guys, I appreciate it... wasn't easy staying pat for so long. I see potential for more downside (yes, even though I've taken small longs now) but I was just holding WAY too much not to take it off. Bel, you know from our conversation the other night and I slightly more than double that position I had on between then and throughout the rally last night. Well worth the sleep I lost squeezing every dollar I could from the beast

Quoting Flem26
Sell Mortimer Sell! Get me out at any price.
LMAO ... used to LOVE watching that movie as a kid!
check out my blog: forexmademillionaire dot com
  • #223,513
  • May 6, 2010 9:58am May 6, 2010 9:58am
Seems like as good a time as any to go ahead and retest those 2008 lows while we are down here sometime in the next two or three months.

I really don't see the election results doing anything to help the pound. Britain has a lot of house cleaning to do no matter who is elected.

EJ is already almost down there to retest and GJ is just a little behind the curve but has the same problems.
  • #223,514
  • May 6, 2010 9:59am May 6, 2010 9:59am
Also watch for potential of a double bottom rally here guys.
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  • #223,515
  • May 6, 2010 10:00am May 6, 2010 10:00am
Quoting Fudomyo
51.70 is pretty tough area. Part of why I'm thinking we may bounce. Signal will come.
What do you think now?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #223,516
  • May 6, 2010 10:05am May 6, 2010 10:05am
Quoting JhonMonsalve
What do you think now?
lol.... 139.36 first stop!

Where's Roberto? He hasn't posted in ages....
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  • #223,517
  • May 6, 2010 10:06am May 6, 2010 10:06am
Quoting Geppy
Thanks for asking... I'm actually joining Gucc and taking some small longs here. Just testing the waters for a potential small retracement followed by a retest of these new lows, then the real retracement.

Other scenario is we keep dropping and I cut the trade all together.
Rather join at a pub and drink on the winnings . Don't know if I got stpped,but stop was at 139.50 . It was time for me to get away from the charts.whole 2 days I fck. Up heavy .its ok, will re avuelate on sunday again
  • #223,518
  • May 6, 2010 10:08am May 6, 2010 10:08am
Quoting fullhouse
Rather join at a pub and drink on the winnings .
Down for that if you find yourself in the SF bay area.
check out my blog: forexmademillionaire dot com
  • #223,519
  • May 6, 2010 10:08am May 6, 2010 10:08am
There wil be longs sitting at 139.4. We'll soon know just how many there are.
  • #223,520
  • May 6, 2010 10:12am May 6, 2010 10:12am
damn I knew I was leaving money on the table getting out at 140.00... gotta work on that!
check out my blog: forexmademillionaire dot com
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