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

  • #225,581
  • May 20, 2010 6:30am May 20, 2010 6:30am
Quoting hindart
just entred long @130.05
it may still fall down for some more, then will it eventually move up imho.

check 1h chart, trend: downward + decending wedge = possible reversal (not necessarily tho)
  • #225,582
  • May 20, 2010 6:35am May 20, 2010 6:35am
Quoting hindart
just entred long @130.05
long around 128.50 - 129
  • #225,583
  • May 20, 2010 6:38am May 20, 2010 6:38am
If I know GJ, it could throw a head fake and reverse here. Still too early to tell but that's always a possibility.
  • #225,584
  • May 20, 2010 6:40am May 20, 2010 6:40am
Quoting honeybhi
128.40/50 then bounce ......
Played out very well.
closed my shorts and adding longs as we dip now.
  • #225,585
  • May 20, 2010 6:43am May 20, 2010 6:43am
be careful guys going long

we might just collapse today
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #225,586
  • May 20, 2010 6:44am May 20, 2010 6:44am
Quoting DMA Trader
be careful guys going long

we might just collapse today
Please I hope sooooooooooo...
Traderdesk -
  • #225,587
  • May 20, 2010 6:45am May 20, 2010 6:45am



Quoting DMA Trader
be careful guys going long

we might just collapse today
  • #225,588
  • May 20, 2010 6:49am May 20, 2010 6:49am
Quoting DMA Trader
be careful guys going long

we might just collapse today
I agree careful dudes...

i think is like a big tree is on the way down and will slam hard
  • #225,589
  • May 20, 2010 6:56am May 20, 2010 6:56am
Quoting kourtney
I agree careful dudes...

i think is like a big tree is on the way down and will slam hard
as long as you use sl, do whatever you see on your chart, makes it safer than anything else. =)
  • #225,590
  • May 20, 2010 7:07am May 20, 2010 7:07am
129.32 is a very strong historical support (low in 1995). That's why the strong bounce.
  • #225,591
  • May 20, 2010 7:18am May 20, 2010 7:18am
Using only the RPM indicator - trade called here in the FF Forum: http://bit.ly/ac3Ttks.
  • #225,592
  • May 20, 2010 7:27am May 20, 2010 7:27am
Quoting $teve
129.32 is a very strong historical support (low in 1995). That's why the strong bounce.
What chart are you looking at Jan 2009 reading was in the 118.oo area

I suspect we could see 126.75
  • #225,593
  • May 20, 2010 7:34am May 20, 2010 7:34am
pls triggered 100 bil. and drop to 125... i couldnt help to reverse it...
  • #225,594
  • May 20, 2010 7:36am May 20, 2010 7:36am
Quoting USD-Bear
As stated earlier not trading GJ because GU and UJ not in same direction.
Waiting for a long in GU at 142.5 SL 142 1st target 145

Attachment

Well 3B of call options in thin air, GU at a quadripple bottom on H1, lets see, I'm in.....
Don't be a hero. Don't have an ego. Always question yourself
  • #225,595
  • May 20, 2010 7:40am May 20, 2010 7:40am
Quoting fullhouse
pls triggered 100 bil. and drop to 125... i couldnt help to reverse it...
look like both of us cannot have same view....market wll collapse -116 float atm and add one more at 129.212...

mmm
  • #225,596
  • May 20, 2010 7:46am May 20, 2010 7:46am
Quoting honeybhi
long around 128.50 - 129
long entered
Attached Image (click to enlarge)
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  • #225,597
  • May 20, 2010 7:58am May 20, 2010 7:58am
Quoting grashid
look like both of us cannot have same view....market wll collapse -116 float atm and add one more at 129.212...

mmm

it looks like ill join you,,but on the sideline ... i cant make out ... i really hope yuou r right and spot on ..but we toook out the low ,,and i dont like that much ...eur/jpy looks still perfect .might move over to that one ..im done for the day double belly loss ... so funny ...

off to Mcdonalds to send in my CV ....
back flipping burgers for a living
  • #225,598
  • May 20, 2010 8:05am May 20, 2010 8:05am
Quoting grashid
look like both of us cannot have same view....market wll collapse -116 float atm and add one more at 129.212...

mmm

i cant see that 129 can be the low ... but well dne to keep it .. eur/jpy looks a ton better for longs ,and still pretty much inside my triangle .. ill keep an eye and stay away for a day or 2 ...

ooops i just enter long eur/jpy ..i couldnt't help it

imm off,,ill catch ya later ,,, i need a pint or 10
  • #225,599
  • May 20, 2010 8:12am May 20, 2010 8:12am
so far support of the decending wedge on 1h chart worked quite well, lets see how this will go, if the wedge formation truely kicks in, we might have a 300+ pip rally ahead of us, especially considering tomorrow is friday.
  • #225,600
  • May 20, 2010 8:21am May 20, 2010 8:21am
I'll take a small long at 129.50... seems it could use a retracement but DOW futures are down a ton so keeping the stop close!
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