Go Back   BabyPips.com Forex Forum > Main Discussion > Newbie Island
Newbie Island This forum is for Forex beginners. If you are new to the Forex and have a question, this is the best place to ask it. If you're looking to learn Forex, get your training and education at the School of Pipsology.

Welcome to the BabyPips.com forum!

You are currently viewing our boards as a guest which allows you to view the discussions, but prevents you from contributing. By joining our FREE community you will be able to do all of the following:

  • Post topics & responses to other discussions
  • Communicate privately with other members (PM)
  • Respond to polls
  • Upload content
  • Post comments on our blogs
  • Contribute on our Forexpedia

Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact us.



Reply
 
LinkBack Thread Tools Display Modes
  #211 (permalink)  
Old 05-20-2008, 09:36 AM
Andrewunknown's Avatar
Superior Master Contributor and Member
 

Join Date: Dec 2007
Location: The United States of America
Posts: 548
Default

Sure enough, it declined to just above 202.55 and then took off in the other direction - nice to see some life again for the Guppy, even if it meant stopping out my short from 204.81 That's okay, though - some nice pips there, and I just got back in on a short @ 204.80. The real level to break intraday is the 204.81-204.98 zone, which I don't think is going to happen. Then again, I'd gladly take a s-t ride up, but I do remain bearish, overall.

Edit: that's a nice long red candle on the 0800 ET H1 (bearish engulfing over 0600, 0700), but looks like we've got interim support off the 144 EMA @ 203.65 and resistance off the .618 fib fan @ 203.97.

Last edited by Andrewunknown; 05-20-2008 at 11:04 AM.
Reply With Quote
  #212 (permalink)  
Old 05-20-2008, 10:14 AM
Senior Member
 

Join Date: Feb 2008
Posts: 286
Send a message via Yahoo to cadarkitek Send a message via Skype™ to cadarkitek
Default

I hope you guys that were Long took your pips and ran.
Reply With Quote
  #213 (permalink)  
Old 05-20-2008, 11:18 AM
Superior Master Contributor and Member
 

Join Date: Apr 2008
Posts: 932
Default And the prize goes to.....

We have at least 3 threads on this forum that discuss the G-Y & I visit all of them, trying to figure out if someone really understands this pair ..because then I am going to stick like glue to that person and learn as much as I can

Jepatfx from Malaysia has charts that look like the electrical & plumbing plans for the NY subway system and basically everyday he says it will either go up ... or down. He has been biased to the downside however, which was not the correct shorter term call. Although he also says if you go to Kuala Lampur & attend his workshop & learn his proprietary BSTS system, you will then have the key to G-Y's engimatic little heart.
Maybe.

When cadarkitek said he/she was long earlier, I thought .. well that's not a good idea .. because it was still looking really bearish to me and PipChick agreed with me.
But cadarkitek is now counting his/her pips

rrram2 said earlier he bought at 202.99 and was expecting it to surge even higher at NY open, to 206 and beyond.
Nope.

Then there is Andrewunkown .. who for this time at least, seems to have made the most accurate call .. he shorted from the last pop at 204.80, cashed out at 202.60 and is now short again from 204.80 .. he has also done a good job of explaining his reasoning, which is very helpful.

So for the moment I am sitting at the feet of Andrew & listening to his next g-y pearls of wisdom .. unless he screws up, of course ... but for now, Andrew wins the prize & he already has his pips.

Last edited by 4xStar; 05-20-2008 at 11:20 AM.
Reply With Quote
  #214 (permalink)  
Old 05-20-2008, 11:33 AM
Senior Member
 

Join Date: Feb 2008
Posts: 286
Send a message via Yahoo to cadarkitek Send a message via Skype™ to cadarkitek
Default

Well i got 150 from my Long trade and i'm looking to go Long again pretty soon. I'll post my Entry. You can count me out of the bearish moves on this pair, I prefer going Long.
Reply With Quote
  #215 (permalink)  
Old 05-20-2008, 11:42 AM
Andrewunknown's Avatar
Superior Master Contributor and Member
 

Join Date: Dec 2007
Location: The United States of America
Posts: 548
Default

Quote:
Originally Posted by 4xStar View Post
Then there is Andrewunkown .. who for this time at least, seems to have made the most accurate call .. he shorted from the last pop at 204.80, cashed out at 202.60 and is now short again from 204.80 .. he has also done a good job of explaining his reasoning, which is very helpful.

So for the moment I am sitting at the feet of Andrew & listening to his next g-y pearls of wisdom .. unless he screws up, of course ... but for now, Andrew wins the prize & he already has his pips.
That's a tall order there - look for my upcoming trades here to be horrendously wrong.

Btw, I didn't sell at 202.60, but noted there was significant support there. Too bad I was asleep or I would've moved my stop in further. I actually got stopped out at 203.69 on the short from 204.81, then re-entered 1/2 @ 204.80, 1/2 @ 204.50.

Two touches off the 144 EMA, last time rebounding about 100 pips. There's a lot of back-and-forth right now that will hopefully resolve itself into a trend soon, but requires some care lest one be whipsawed to death in the meantime.
Reply With Quote
  #216 (permalink)  
Old 05-20-2008, 12:03 PM
Superior Master Contributor and Member
 

Join Date: Apr 2008
Posts: 932
Default

Quote:
Originally Posted by cadarkitek View Post
Well i got 150 from my Long trade and i'm looking to go Long again pretty soon. I'll post my Entry. You can count me out of the bearish moves on this pair, I prefer going Long.
Interesting, because that is against its overall daily & weekly trend .. is this a short term decision, or do you just prefer only going long on this pair? I'm a bit like that with the euro .. even tho it has been heading straight up, I will not go long, prefer to just short every spike or rally.
That may be because my first few trades with it were longs and all lost money .. so I got mad at it & now only will short it But then shorting every spike since March has been golden
Reply With Quote
  #217 (permalink)  
Old 05-20-2008, 12:05 PM
Superior Master Contributor and Member
 

Join Date: Apr 2008
Posts: 932
Default

I have nothing more to say but this is my 100th post & I want to see my title change from Junior to Senior Member
Reply With Quote
  #218 (permalink)  
Old 05-20-2008, 12:22 PM
Andrewunknown's Avatar
Superior Master Contributor and Member
 

Join Date: Dec 2007
Location: The United States of America
Posts: 548
Default

Quote:
Originally Posted by 4xStar View Post
I have nothing more to say but this is my 100th post & I want to see my title change from Junior to Senior Member
Done.

In other news, there's a symmetrical triangle I'm monitoring on the M15 winding out right now....
Reply With Quote
  #219 (permalink)  
Old 05-20-2008, 12:32 PM
Senior Member
 

Join Date: Feb 2008
Posts: 286
Send a message via Yahoo to cadarkitek Send a message via Skype™ to cadarkitek
Default

When i say i prefer going Long, I meant overall, I stop taking short trades on this pair for sometime now. Even if i get a "great" Short signal I pass it on and wait for a Buy Entry.
Reply With Quote
  #220 (permalink)  
Old 05-20-2008, 01:17 PM
Senior Member
 

Join Date: Feb 2008
Posts: 286
Send a message via Yahoo to cadarkitek Send a message via Skype™ to cadarkitek
Default

Entered Long again 204.22, 1st TP will be at 204.90, looking for break above 205.00 on 2nd lot.
Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump


All times are GMT -4. The time now is 09:55 AM.
Content Relevant URLs by vBSEO 3.2.0
"Concentrate all your thoughts upon the work at hand. The sun's rays do not burn until brought to a focus."
Alexander Graham Bell