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Infinity replied Apr 3, 2008I am watching this last hour close on the dow. I have a feeling the unemployment claims will carry more weight than the ism data today.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Infinity replied Apr 2, 2008
I took small short at 204 for longer term play. Will hold for a while. Now I sleep. Bless
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Infinity replied Apr 2, 2008
I was considering opening a small short at 204 and holding it for a while. I am currently out of all positions. What's your stop? If you don't mind me asking that is.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Infinity replied Apr 2, 2008
right now it is the 15m 50ema that seems to be holding this up.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Infinity replied Apr 2, 2008
It acts as a good support or resistance level for short term trades. Just look at this recent price action.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Infinity replied Apr 2, 2008
I don't like those butterfly things.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Infinity replied Apr 2, 2008
I think a clean break and close below the 5ema (currently 202.97)on the 4h chart here will be good for short. If you look at a 4h chart, you will see that since this upmove started, we have not had a close below the 5ema. On the flip, if this ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Infinity replied Apr 2, 2008
This is starting to look like last night. I got stopped out of my short +1 pip.
Sidelines for now for me.Auslanco - GBP/JPY and GBP/USD (newstrade)
- Infinity replied Apr 2, 2008
I was thinking exactly the same yesterday as the conditions were the same at this point. I am still very cautious as we are still trading above the 4h 200 ema. Also I think 202.75 area will be a major support as that is where both the 200 ema and ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
lol- Infinity replied Apr 2, 2008
Fundamentally speaking — Do you guys think there is enough fundamentally right now to sustain these levels? What are your views?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Infinity replied Apr 2, 2008
I had the opportunity to set stop to +1 as well which I normally do, but before I went to sleep the short looked good for at least 100 pips. That's how it is though, I was willing to sacrifice 50 pips for the chance of 100. If I was awake I think I ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Infinity replied Apr 2, 2008
Hello Quecee, did you close your short position from last night or are you holding on for a longer term play? I got stopped out -50 on my small position. Currently on the sides.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Infinity replied Apr 2, 2008
Hello guys, I woke up to a 50 pip loss this morning, oh well
, part of the game. On the sidelines for now until market digests the news and ben's admission of "possible" recession. This thing looks very bullish though and I think if we get a 4h ...Auslanco - GBP/JPY and GBP/USD (newstrade)
- Infinity replied Apr 1, 2008
I agree. 200.55 area is 5ema on the 4h also. I will be watching price action around that area carefully.....IF it does in fact go there. Bless
Auslanco - GBP/JPY and GBP/USD (newstrade)