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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #42,381
  • Oct 21, 2007 1:43pm Oct 21, 2007 1:43pm
Have a look how some traders use geometry (got the feeling that he's doing it successfully too) in there chart, found this on another forum

NB: This is not done by me !
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Measure twice, cut once
  • #42,382
  • Oct 21, 2007 1:46pm Oct 21, 2007 1:46pm
Quoting RoWkIlLa
Well all gaps must be filled right? so whoever doesn't make anything in this down gap can certainly get some pips when it closes.
I think it will be a very risky move to count on the gap being filled. UJ is now down 100 pips from fridays close of the Nikkei. The outlook for the asian session is getting more and more bearish. I think that the most likely case is that GJ holds near opening levels until the asian stock markets open, then heads down again.
  • #42,383
  • Oct 21, 2007 1:49pm Oct 21, 2007 1:49pm
Quoting vsektodobre
wow, 233.70 was touched on oanda...where is all this selling pressure coming from? I didn't think Wellington opened for business for another 20 minutes.
The big boys can trade on weekends. It is just us small fry that are locked out.

My thinking is that anybody selling on the weekend into a downward market has to be pretty confident that the market is going to continue downward and that selling now is their best bet.
  • #42,384
  • Oct 21, 2007 1:52pm Oct 21, 2007 1:52pm
Quoting markam
The big boys can trade on weekends. It is just us small fry that are locked out.

My thinking is that anybody selling on the weekend into a downward market has to be pretty confident that the market is going to continue downward and that selling now is their best bet.
I am trading, just with 30 pip spreads...and now cable has started to wake up, so geppy is spiking up.

30 pip spreads, extreme latency between currencies, I imagine that this is what forex was like in the olden days...
  • #42,385
  • Oct 21, 2007 1:56pm Oct 21, 2007 1:56pm
Wow. Just messing around w/ big pip spread and have already made some good money. I'll stop here while I'm ahead.
  • #42,386
  • Oct 21, 2007 1:56pm Oct 21, 2007 1:56pm
Oh noes! GJ back to 234.70 lol


Whoa GU is up at 2.0567

Edit: and back down it goes lol, crazy
  • #42,387
  • Oct 21, 2007 2:06pm Oct 21, 2007 2:06pm
Quoting RoWkIlLa
Oh noes! GJ back to 234.70 lol


Whoa GU is up at 2.0567

Edit: and back down it goes lol, crazy

whoa, i haven't seen this much volatility on a sunday before. is this a preview for the week ahead?
  • #42,388
  • Oct 21, 2007 2:27pm Oct 21, 2007 2:27pm
Quoting karmostaji
Talk about free money if you've got shorts open, I've got one open
or ... talk about trading the gap and go long as soon as the market opens :d
  • #42,389
  • Oct 21, 2007 2:33pm Oct 21, 2007 2:33pm
Quoting zoheir
or ... talk about trading the gap and go long as soon as the market opens :d
Careful though it could go down some more before filling it up, about a month or so there was a 50pip gap but it went down bout 100pips more before it went back up.
  • #42,390
  • Oct 21, 2007 2:38pm Oct 21, 2007 2:38pm
Quoting RoWkIlLa
Careful though it could go down some more before filling it up, about a month or so there was a 50pip gap but it went down bout 100pips more before it went back up.
bsolutely right
  • #42,391
  • Oct 21, 2007 2:45pm Oct 21, 2007 2:45pm
Hi guys,

I see quite a lot of posts about getting free money because of big gap down .. my broker is not open yet. What is the quote now, if I might still able to catch some before you all take it all http://www.forexfactory.com/images/icons/icon10.gif
Thanks.
  • #42,392
  • Oct 21, 2007 2:45pm Oct 21, 2007 2:45pm
Quoting mktjong
Hi guys,

I see quite a lot of posts about getting free money because of big gap down .. my broker is not open yet. What is the quote now, if I might still able to catch some before you all take it all http://www.forexfactory.com/images/icons/icon10.gif
Thanks.
oanda has 234.265
  • #42,393
  • Oct 21, 2007 2:46pm Oct 21, 2007 2:46pm
Quoting mktjong
Hi guys,

I see quite a lot of posts about getting free money because of big gap down .. my broker is not open yet. What is the quote now, if I might still able to catch some before you all take it all http://www.forexfactory.com/images/icons/icon10.gif
Thanks.

234.26
  • #42,394
  • Oct 21, 2007 2:50pm Oct 21, 2007 2:50pm
Quoting markam
I think it will be a very risky move to count on the gap being filled. UJ is now down 100 pips from fridays close of the Nikkei. The outlook for the asian session is getting more and more bearish. I think that the most likely case is that GJ holds near opening levels until the asian stock markets open, then heads down again.
I agree with you. There are too many factor's wieghing in on USD weakness. Market sentiment, losses being reported by major corporations, defaults on AAA and sub-prime loans, high oil prices (we might even see $100 or close very soon due to developments in Iraq/Nigeria, subtle threats against the China in regards to the Yuan, etc. USD weakness has already ringing alarm bells around the world and is not being taken likely. I expect the ECB, BOE BOJ to lower rates by the end of the year. No one wants a weak $. Services and Goods will only become more costly to sell to the US.

As always, enjoy reading your posts. Not much time to post any comments (don't need the personal attacks on my character). I trade what I see, not what others say.

Good Luck to everyone!
Humble Lifetime Member
  • #42,395
  • Oct 21, 2007 2:52pm Oct 21, 2007 2:52pm
Quoting vsektodobre
oanda has 234.265
Are you all sure? My broker, FXSolutions just opened its price quotes a minute ago but not able to trade yet until 4:00 PM EDT, it's currently showing 235.32 on the bid. There is 100 pips diffrent
  • #42,396
  • Oct 21, 2007 2:53pm Oct 21, 2007 2:53pm
Quoting mktjong
Hi guys,

I see quite a lot of posts about getting free money because of big gap down .. my broker is not open yet. What is the quote now, if I might still able to catch some before you all take it all http://www.forexfactory.com/images/icons/icon10.gif
Thanks.
Time to switch to OANDA. I entered my trade early Sunday morning to avoid negative interest for shorting. I like this kind of Sundays!
  • #42,397
  • Oct 21, 2007 2:56pm Oct 21, 2007 2:56pm
Quoting nitman
Time to switch to OANDA. I entered my trade early Sunday morning to avoid negative interest for shorting. I like this kind of Sundays!
Depending upon your broker, GBP negative interest is around 4 -5 pips.
Humble Lifetime Member
  • #42,398
  • Oct 21, 2007 3:02pm Oct 21, 2007 3:02pm
Quoting mktjong
Are you all sure? My broker, FXSolutions just opened its price quotes a minute ago but not able to trade yet until 4:00 PM EDT, it's currently showing 235.32 on the bid. There is 100 pips diffrent
Seriously guys, my broker is showing 235.32 on the bid, what is your quote at Oanda or other brokers, please let know ASAP.. I plan to trade soon as there is huge different? http://www.forexfactory.com/images/icons/icon10.gif
Thanks much.
  • #42,399
  • Oct 21, 2007 3:03pm Oct 21, 2007 3:03pm
http://mail.google.com/mail/?ui=1&at...55ca0be3249e96
  • #42,400
  • Oct 21, 2007 3:03pm Oct 21, 2007 3:03pm
Quoting mktjong
Seriously guys, my broker is showing 235.32 on the bid, what is your quote at Oanda or other brokers, please let know ASAP.. I plan to trade soon as there is huge different? http://www.forexfactory.com/images/icons/icon10.gif
Thanks much.
Oanda-234.55 and going up now
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