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

  • #5,001
  • Aug 8, 2007 10:55am Aug 8, 2007 10:55am
Quoting emda
I expected a drop for london session close... taking profits... but it doesn't seem so... Maybe carry trades?
That's exactly what I was looking for. That's why I posted my thoughts a little earlier. I was worried about writing about fundies in a technical thread, so I appreciate not getting beaten.
  • #5,002
  • Aug 8, 2007 10:58am Aug 8, 2007 10:58am
Quoting brick911
Hey guys... I rarely post, but had a thought that I wanted to present. I entered a few times on the way up and am loving the move. I've been waiting for the retracement to reenter some more, but it doesn't seem to be happening.

I'm wondering if it won't happen because of triple-interest Wednesday. If a lot of traders have tons of profits, they may hold it until the swap occurs.

If you look at the two majors associated with the GBP/JPY, the USD/JPY seems to have slowed, but is still eeking it's way up - possibly a testament to the interest paid for going long.

On the other hand, the GBP/USD, which pays practically nothing is slowly retracing.

I expect more of a retrace from the pound, than I expect a continuance from the yen, which would say to me that the GBP/JPY will only retrace a few pips before 5:00 PM est, as they will cancel each other out.

I'm looking for reentry, almost directly after the swap, as I believe it will have its due retracement then.

I could be wrong, and I am more than not, but that doesn't mean I lose any money. ...It just puts me in front of the computer, in case my thoughts are correct, and gives me an opportunity to take the trade.

Anyway, these are my thoughts... whether they are right, or wrong, I just wanted to share.

Bob
Good post.
1) Looks like very minor profit taking by London traders.
2) Stock market is holding steady and probably will see a nice late afternoon bull run.
3) You can't beat Trip Wed.

  • #5,003
  • Aug 8, 2007 10:58am Aug 8, 2007 10:58am
Quoting auslanco
Hey Ovidiu,
Thanks for Backing me up bro.. I really appreciate it
The effort your putting in this thread and into learning us what i think is one of the best aproaches that anybody on FF can have on GJ, shouldn't be minimized by anybody here, including the old and experienced traders, that seem to not give a f... into sharing their knowldge.
  • #5,004
  • Aug 8, 2007 10:59am Aug 8, 2007 10:59am
Quoting brick911
That's exactly what I was looking for. That's why I posted my thoughts a little earlier. I was worried about writing about fundies in a technical thread, so I appreciate not getting beaten.
Fundamentals go hand in hand with technicals. Your post was appreciated.
  • #5,005
  • Aug 8, 2007 11:02am Aug 8, 2007 11:02am
OK, my second chance to be wrong: selling GBPJPY here, at 243.80. Predicting a big fall from here.
  • #5,006
  • Aug 8, 2007 11:03am Aug 8, 2007 11:03am
Quoting ovidiu
The effort your putting in this thread and into learning us what i think is one of the best aproaches that anybody on FF can have on GJ, shouldn't be minimized by anybody here, including the old and experienced traders, that seem to not give a f... into sharing their knowldge.

Yehh,,, not many know the crap I have to put up on this thread... Not going to be here much longer.. I Have better things to do.. Just check your PM tommorrow
  • #5,007
  • Aug 8, 2007 11:05am Aug 8, 2007 11:05am
Quoting auslanco
Yehh,,, not many know the crap I have to put up on this thread... Not going to be here much longer.. I Have better things to do.. Just check your PM tommorrow

Please don't leave

Or at least take us with you
  • #5,008
  • Aug 8, 2007 11:06am Aug 8, 2007 11:06am
Auslanco,

Can you tell us, usually what sessions (London, NY, and else) are you trading?
  • #5,009
  • Aug 8, 2007 11:06am Aug 8, 2007 11:06am
Quoting auslanco
Yehh,,, not many know the crap I have to put up on this thread... Not going to be here much longer.. I Have better things to do.. Just check your PM tommorrow
im with you
  • #5,010
  • Aug 8, 2007 11:07am Aug 8, 2007 11:07am
Quoting auslanco
Yehh,,, not many know the crap I have to put up on this thread... Not going to be here much longer.. I Have better things to do.. Just check your PM tommorrow
I'm sad to read that...
  • #5,011
  • Aug 8, 2007 11:10am Aug 8, 2007 11:10am
Quoting auslanco
Yehh,,, not many know the crap I have to put up on this thread... Not going to be here much longer.. I Have better things to do.. Just check your PM tommorrow
That would be a real shame, however you should not have to endure non -constructive criticism from any one. Other peoples opinions - fine, crap - not so fine.

Hope you hang araond.
  • #5,012
  • Aug 8, 2007 11:17am Aug 8, 2007 11:17am
Quoting markam
Please don't leave

Or at least take us with you
my thoughts exactly..., with A's strat K's fibs and trend lines, and your fundamentals every dimwit on this forum could have learned to trade GJ properly, but you know what they say, nothing to good can last long…
  • #5,013
  • Aug 8, 2007 11:18am Aug 8, 2007 11:18am
Quoting auslanco
Yehh,,, not many know the crap I have to put up on this thread... Not going to be here much longer.. I Have better things to do.. Just check your PM tommorrow
Wad do you mean you wont be here much longer? r u planning to leave this thread?
  • #5,014
  • Aug 8, 2007 11:19am Aug 8, 2007 11:19am
Positive constructive criticism is healthy and adds to the learning curve for all of us.
But if this is the best these guys "30XTCi" and "Angler "
can do I am kind of wary of their true intentions.

Helping us all learn and trade better has been (from what I can see) Aussie's intentions from the beginning.

Hope to continue learning from all that contribute and contribute myself as well.

Hope everyone made some money today !

  • #5,015
  • Aug 8, 2007 11:21am Aug 8, 2007 11:21am
Auslanco, you have all the right to stop doing what you were doing here, but then again if it's becuase of the negative attitude some might have shown, remember that the majority appreciated you and your efforts, please don't give the chance for anyone to come back here and say "see... he was advertising his services, now you have to go and subscribe cause you're hooked!!"

in all cases , good luck and thanks for everything that you have given in this forum
  • #5,016
  • Aug 8, 2007 11:21am Aug 8, 2007 11:21am
Quoting Angler
hi...

Just wanting to find out what happened to the short Gbp trade taken last night....with an entry @ 2.0197 and a TP 2.0150

The stop was never given and the target was never reached.. so what happened to it...
Angler, I know what happened. The same pattern. Busted trades disappear from the record. Problem is, I have been keeping count. Out of 11 trades, 9 went bust, on the other 2, the stops were moved after the fact without telling the board.
  • #5,017
  • Aug 8, 2007 11:22am Aug 8, 2007 11:22am
Auslanco,

Hello. What is your current trade (not recommendation)? Are you long? Do you think this will breaking 244.05? I have a couple long positions, but it seems to be having a hard time. I opened them when it broke 244, but pulled back pretty quickly.


Frank
  • #5,018
  • Aug 8, 2007 11:23am Aug 8, 2007 11:23am
The instant Aus disappears they'll be people saying bad things abt him....just look at last week...few people came in here and started calling him a 'scammer'...and now that hes back those ppl have gone silent

Anyway, Im waiting for this uscker to retrace, there seems to be a it of resistance at the 120sma in the 4hr chart....though still far away, I believe that if that does not break it might retrace...just my thoughts...not necessarily the right one though....
  • #5,019
  • Aug 8, 2007 11:25am Aug 8, 2007 11:25am
Quoting Rustyyy
Positive constructive criticism is healthy and adds to the learning curve for all of us.
But if this is the best these guys "30XTCi" and "Angler "
can do I am kind of wary of their true intentions.

Helping us all learn and trade better has been (from what I can see) Aussie's intentions from the beginning.

Hope to continue learning from all that contribute and contribute myself as well.

Hope everyone made some money today !

i dint make any money today....I left for a few hours to go shopping, and the price suddenly shot up after the report....
  • #5,020
  • Aug 8, 2007 11:27am Aug 8, 2007 11:27am
Auslanco,

Please stay with us, people in here need you ................................................
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