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ovaforty replied Mar 11, 2008That is why I chose to stand aside until I see what develops.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 11, 2008
In the long term nothing can save the dollar from plummeting that I can see. Until the ECB cuts.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 11, 2008
204 was breached already, so that tells me to sell at 208.50
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 11, 2008
For now, and until we get a break out, I am still playing the 213/204 range. 213 + 204 = 417 divided by 2 = 208.50.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 11, 2008
we see it. But it occured in middle of the channel after a huge news spike followed by profit taking. Standing aside for now.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 11, 2008
For now, my 100 sma has held as support on my hourly around the 206 area.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 11, 2008
205.69 is not unreasonable. I have 2 sma's and a 50% fib sitting there on my hourly chart.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 11, 2008
I am standing aside for now until see new candle on 4 hour. 4 hour chart made a lower high earlier.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 11, 2008
I booked before Vinesh could jinx it. hehehehehe
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 11, 2008
Daily candle could close higher and form a double bottom higher close. I booked my profits today at the 5 sma high so i dont care what it does today. I was buying against the move down trusting my weekly and daily charts. We may see a move to test ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 11, 2008
Small enough to with stand a drawdown of 500 pips or so. Depends on your MM.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 11, 2008
Technical reasons are why we were targeting 207.78/208.47 in the first place.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 11, 2008
Bernanke made my day. Nothing like a little Fed intervention to give a little boost. the ride down to 199 will be fun when it happens.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 10, 2008
I opened a small feeler long at 204.99 that can run for few days. My shorts tp'ed at 204.90
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 7, 2008
Dont forget daylight saving time sunday in the U.S.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 7, 2008
I was watching the daily and weekly chart and not paying attention to shorter time frames. It was a no brainer. 5 sma low on daily chart held. (white color) Weekly 5 sma (white) and 300 sma (pink) had been breached to the upside. Yellow 5 sma on ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 7, 2008
my shorts tp'ed at 205 and i closed my longs just now at resistance. i am out for the week. good luck trading.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Mar 7, 2008
Good one Karm. Like I posted earlier last night we got cheap price to buy it
Auslanco - GBP/JPY and GBP/USD (newstrade)