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

  • #225,601
  • May 20, 2010 8:21am May 20, 2010 8:21am
Million dollar question: 134 or 125?
  • #225,602
  • May 20, 2010 8:22am May 20, 2010 8:22am
I did say earlier GJ "could" throw a head fake and reverse so I'm well aware of it which is why I'm not shorting rallies.
  • #225,603
  • May 20, 2010 8:25am May 20, 2010 8:25am
Quoting Geppy
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!
meh, covered some shorts at 129.30. If the large daily channel holds then its a trip back to 140 where i'll short more. If not and this current level just breaks i still have some shorts in play to cover with.
  • #225,604
  • May 20, 2010 8:53am May 20, 2010 8:53am
meh... time to get short!
check out my blog: forexmademillionaire dot com
  • #225,605
  • May 20, 2010 9:03am May 20, 2010 9:03am
Well we are at a support area at the 128 level...... If we break this we could be looking over the next several weeks to go for 118 level as well but still to early to make that call......

Now the next few hours we should see more activity with this pair...
Traderdesk -
  • #225,606
  • May 20, 2010 9:08am May 20, 2010 9:08am
Quoting Geppy
meh... time to get short!
NOW ? ..

after 420 pips daily move [Hi-Lo] ?
after USDJPY kissing 90 level ?
after GBPUSD kissing 1.4270?

Naaaahh.. maybe higher. not here.. [IMHO] too .. late..
  • #225,607
  • May 20, 2010 9:14am May 20, 2010 9:14am
If 128 breaks I would look at 127.20 area to be my first real support area and would look for a bounce from there.......
Traderdesk -
  • #225,608
  • May 20, 2010 9:14am May 20, 2010 9:14am
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #225,609
  • May 20, 2010 9:17am May 20, 2010 9:17am
now i've no idea should i put long at 126 or should i wait till the bear gone sleep?
row row row your boat
  • #225,610
  • May 20, 2010 9:17am May 20, 2010 9:17am
gz to all shorts . i was line of site but thats forex
  • #225,611
  • May 20, 2010 9:22am May 20, 2010 9:22am
Seriously, this thread is crazy. You guys look really nice to hang around with, or even to learn from, but with all due respect, it seems simple price action is not really your concern. I can read people writing everything and its contrary ten minutes later, or one day later. So far, from the beginning of the week, it's all been very simple trendlines, channel, pivots application. I was just wondering if I have been hallucinating or if I am the only one thinking that way... Once again, this is said with humility and respect. I just want to learn and understand. Otherwise I would not bother. Cheers.
Hello.
  • #225,612
  • May 20, 2010 9:27am May 20, 2010 9:27am
UJ is 30 pips (89) from that Thursday selloff low, and looks like it's being bought, but greater buying in previous sessions provided very temporary relief. Can't say there's signs of other yen cross buying, so, expecting more down, and selling the rallies off a M1. GL to all.
  • #225,613
  • May 20, 2010 9:35am May 20, 2010 9:35am
LOL... how'd that work out?


Quoting Piters
NOW ? ..

after 420 pips daily move [Hi-Lo] ?
after USDJPY kissing 90 level ?
after GBPUSD kissing 1.4270?

Naaaahh.. maybe higher. not here.. [IMHO] too .. late..
check out my blog: forexmademillionaire dot com
  • #225,614
  • May 20, 2010 9:46am May 20, 2010 9:46am
Quoting Geppy
LOL... how'd that work out?
err .. beautiful mate..

I exited earlier with +400p on todays SHORT, [while you were looking for 134...]

and now im looking for some Buying position.. ..

=========================

you may (GAMBLE with rest of 100p.. bellow 128 )

=

what I was trying to SAY mate.. .. YOUR CALL come too LATE.. - sorry.. for your134. well,.. maybe next time, more luck,
  • #225,615
  • May 20, 2010 9:50am May 20, 2010 9:50am
Nope, switched position to short at 132.20 last night and got 130.00 out of it... back in short this morning as stated. Doing just fine here, but thanks for your ignorant concern

Quoting Piters
err .. beautiful mate..

I exited earlier with +400p on todays SHORT, [while you were looking for 134...]

and now im looking for some Buying position.. ..

=========================

you may (GAMBLE with rest of 100p.. bellow 128 )

=

what I was trying to SAY mate.. .. YOUR CALL come too LATE.. - sorry.. for your134. well,.. maybe next time, more luck,
check out my blog: forexmademillionaire dot com
  • #225,616
  • May 20, 2010 9:50am May 20, 2010 9:50am
Geppy - You're showing your age with these little picky arguments you're having. Ego can kill you in this game.
  • #225,617
  • May 20, 2010 9:52am May 20, 2010 9:52am
yeah.. whatever mate.. your call. 20min ago for shorts.

cya around
  • #225,618
  • May 20, 2010 9:55am May 20, 2010 9:55am
Thanks for the tip... even with my age I've been in this "game" longer than you and quite healthy.

Quoting ukdaytrader
Geppy - You're showing your age with these little picky arguments you're having. Ego can kill you in this game.
and it was a great 20min!

Quoting Piters
yeah.. whatever mate.. your call. 20min ago for shorts.

cya around
check out my blog: forexmademillionaire dot com
  • #225,619
  • May 20, 2010 10:00am May 20, 2010 10:00am
ukdaytrader,

how long to go before expiry?
Don't be a hero. Don't have an ego. Always question yourself
  • #225,620
  • May 20, 2010 10:05am May 20, 2010 10:05am
Quoting Eulogy
meh, covered some shorts at 129.30. If the large daily channel holds then its a trip back to 140 where i'll short more. If not and this current level just breaks i still have some shorts in play to cover with.
another one covered 127.30. Last one's at 124.40 but wanting to reload some
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