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ewokuk replied Feb 24, 2010is it going to 134 now?
its only done 127 pip range, plenty more downside potential now! at least another 70 easily possibleAuslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 24, 2010seems geithner and bernie are both speaking at the same time. and heres a nice little upthrust before the news comes out lol up it goes weeeeeeeeeeeeeeeeeeeeeeeeeeee come to me baby,im ready to sell you

Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 24, 2010home sales is also out at the same time bernie starts. so its possible that sends it flying up, only for bernie to send it flying back down. or if home sales is bad thatll send it down, then bernie sends it down and we might even se 135.70 today
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ewokuk replied Feb 24, 2010i shorted half at 139.05 just to make sure i have at least one entry above 139. ill add the other half later if it gets up to the pivot or something. (or if it decides to kaboom)
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 24, 2010damndamndamn missed it, little fuker missed my entry by 14 pips. hopefully bernie sends it to 135
if it gets below 138.70 we are clear down to 138Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 24, 2010damn! didnt get to my entry. still looking to short at the pivot 139.80. daily open, monthly s2, weekly s2 all sitting 139-139.07 so thatl be first target. if my order ever gets hit
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 23, 2010um only reason i wont wake up tomorrow is if im dead so it wont matter anyway

Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 23, 2010weekly S1 at 140.27 so yeh ill consider closing it above that. assuming its good, first target 138.70 (todays low), second target 138.20 (trend low from 5th feb). below that it starts to fall off a cliff, weekly S3 at 137.34 then the big 61.8 fib at ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 23, 2010ok gj sell target adjusted to 139.80 (new daily pivot). gonna stick my sell order there, pray and go to bed

Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 23, 2010the biggest issue i have with gj (or ej or aj) is that there are so many things effecting it that as far as I can work out, no support or resistance on gj means much at all. UJ drags them around wherever it decides to go, but UJ has no knowledge of ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 23, 2010S/R yes. but no fibs? no pivots? fibs and pivots ARE S/R levels! The GU trade i called earlier for a short off 1.5475 I called because thats the daily pivot (and happens to be the daily open too). GJ, after the initial drop earlier, price got back ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 23, 2010i actually did catch that move but on GU. i saw the nice fat 1h up bar this morning exactly where i said YESTERDAY that i wanted to short from (1.5550). i figured it looked fake up move, BoE news was never going to be good, and i had already ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 23, 2010in theory yes. but one thing i dont like doing is having price moving UP to trigger a sell order (or down to trigger a buy order), purely because at the point it gets triggered the price is moving the wrong way! if i set orders i like to set them so ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 23, 2010in that case it should be pretty safe to short it from here
but ill wait for my 140 first. nothing more irritating that saying you want it to go to 140, jumping the ugn and entering at 139.30 and then sitting there watching it go to 140 
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 23, 2010yes it seems patience is the most important thing aside from money management. problem is if i see a rally i start thinking, maybe this rally isnt a rally maybe its the start of a new uptrend and then i get scared to short it
timeframe ...Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 23, 2010yes i noticed. i still have a nasty habit of going short at the bottom and long at the top, often right to the very pip! even right at the high or low of the day, TO THE PIP! amazes me every time. the problem then to correct this i start looking for ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 23, 2010always possible, further down looks very likely. but then, isnt that when the smart money takes it back up to screw everyone?

Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 23, 2010its ok, my pee is strong
i would have thought they would like to spike it up just above 140 to take out all the weak shorts before taking it lower though. potential for 135 or lower is definitely there now because UJ is nowhere near an area where ...Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 23, 2010the NEXT stop *should* be 140 test. we got a nice double bottom on 5min with big divergence, 4h not db yet but has divergence, daily db with divergence. creep up to 140 then down would be good. like hell would i be selling from here.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ewokuk replied Feb 23, 2010goody!! 140 test please
im not comfortable shorting any lower than close to 140 so if it hits 140 im happy. of course knowing my luck itll hit 140 then inexplicably go flying up to 141 lolAuslanco - GBP/JPY and GBP/USD (newstrade)