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damonl replied Jun 6, 2008hey malcomb...i have seen lots of talk about this 1-2-3 buying thing. do you mind going into that briefly...it is very new to me.... thanks
Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008hehehehehe I'm out and i'll see you all back in a few hours
Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008wow...that is a huge increase...was that over last month? wonder why usdjpy is going up.....possible long position technical traders...or maybe BoJ wants to bet the value lower to the usd and increase more exports next month
Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008eurusd has quit moving and so my scalping is done until london...off to bed and good luck with your trades....

Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008i don't see it posted on the FF home page, but Japan had news at 2350 gmt regardign trade figures...i'm guessing this came out lower than expected and that is why the rise. it was expected good because of the decreas value of the yen.....anyone know ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008i'm with you....right now it is dangerous to sell peaks...much less risky to buy valleys....but knowing 6 month possible usdjpy range takes the edge off for all you shorts
Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008no question about it in my mind....have to watch non farm news though in the a.m.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008I hope so...the rest of my longs from yesterday are running strong
Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008just took profit on a gbpjpy, eurjpy and usdjpy short term fun trade...let's see if I can keep these 60 pips
Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008off to trade...see you all back here later...it is hard for me to post and trade....i think i will trade now and post later

Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008you are right to an extent, but even when you take a trip you have a plan and idea of how things should go...then you just take one curve at a time. knowing the bigger picture my friend helps you make better short term decisions. if you don't know ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008something to think about while off on your own reading charts....i have heard word that 6 month evaluation has usdjpy ranging from 103-108 and gbp has definite weakness. i follow these monthly evaluations as they were the forex bible to me... take ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008I guess it does....thanks for the info
Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008thanks for your analysis, it is always appreciated....why 206.50? because it is the .25 fib level?
Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008it has broken through the upper t/l that has held which is now at 164.36 ish.....it may be possible to retest this area and continue on up....we'll have to see how well this line holds.... the blue "x" represents today's high image
Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008thanks....is this some kind of formula? where the move after the flag channel is broken is almost = to the original flag pole? i can wait for 1.7000, this is also giving me positive interest.....maybe sometime you can post during London if you see ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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damonl replied Jun 5, 2008what makes you think it will come down? or are you just thinking a minor retracement
Auslanco - GBP/JPY and GBP/USD (newstrade)