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

Some times I am also loosing, because of this pair GBPJPY, and due to broker, can not close the negitive movement instantly etc.. So I am learning trend trading. Any suggestions please let me know. Let us learn together.

And I found this thread very interesting and informative, with the help of Aus and Karmo and all others.

Thanks to every one.

May be one tip, which I follow, if I loose some pips, then I spend lot of time to analyze why I lost those pips till five to ten candles closes and opens.. . If get some good pips then simply stop and go... and relax till that candle close...

Well, I use MAs for the overall trend of the day, it can be other indicators as well with different time frame. I sometimes use Aus' SI indicator for another confirmation or reference.
Fundamentals and market sentiment are very important too to watch for this pair. I noticed this pair can't be traded purely Technical Analysis. Use wider stoploss is a must to get bigger pips

Mark...still holding onto your short? anyone else short?

From the Jacko thread: Since it is slow right now, Markham may find interesting.


Quote:
Originally Posted by FXHolic http://www.forexfactory.com/images/buttons/viewpost.gif
Hello Jako,

Interest rate differential has been the prime focus of the market for quite some time, under the current situation (Fed having cut the discount rate by 50 points) the Fed is likely to cut the interest rate by 25/50 basis points in September FMOC meeting, which obviously will weaken the dollar.

What you think about this situation?

http://www.dailyfx.com/story/special_report/special_reports/US_Fed__September_Rate_Cut_11877154 10756.html



Hi FXholic,

This is my fundamental overview that colours my thinking about the long term USD market.

I definitely believe that the $USD is going to weaken over the next few months. As I have stated before, my long term target over the next 12 months is 1.4500.

I have also just read an article which mirrors my own thoughts on what I believe is the big-ass "wild card" for currencies in the near future. (I was actually wondering when someone else would see the parallels in the current situation)
http://www.dailyfx.com/story/tophead...047 4353.html

After the trashing of the Asian economies by the US led World Bank and IMF some ten years ago, the situation has totally turned around. China and Asia have truly awesome financial muscle which they have never flexed. However, they haven't forgotten all the devastation that the US banks did to all the Asian economies


As I said in my initial posts (see post 8), I believe that there has been a seismic shift in the "strength" of the US dollar as the worlds primary currency.
This seismic shift moved the USD from 1.2000 to 1.3800.

I now believe the next step in this seismic shift will move the US dollar from its current figure of 1.3400 to 1.4500 within 12 months

Our foolish politicians have irresponsibly squandered the enormous wealth of the US on stupid follies (Can anyone put their hand on their hearts and say that the people of Iraq are better off today than before we went in chasing "mythical" weapons of mass destruction? We have totally destroyed a country for no "justifiable" reason and sent their people back to the stone age living standards. Congratulations, George W....the rest of the world salute you.)

Also, due to the Asian meltdown, the Iraq situation, and also now the Credit meltdown caused by dishonest US bankers, the US has lost the trust and "good faith" of the world major business players.

When the sh*t hits the fan, don't expect the rest of the world to want to bail us out.

The USD is going to get into trouble sooner and worse than people think.


But....I could be wwwrong !!!


.
__________________
Jacko

Just trying to help...

http://hobbes.ncsa.uiuc.edu/desiderata.html

Wow. What a calm and cool analysis of the FOREX market. Glad that guy can keep his emotions and analysis separated.

Yep. Just shorted at 22681 to try and catch 25-30 pips on the way down whilst it's still ranging.

Its going up only. Are there anyone who still have short positions?

im a short position long

will wait b4 adding to position for further confirmation

u mean your short for long term right?

l am in a long position short? what?!!!!

You mean for short?

Thanks Bill,

QQE on all time frames except daily is pointing up now.
but I prefer to wait for confirmation of a break out, we have been nearly 11 times at this level 227.0 and and 7 times 226.0 +- since yesterday.
things should clear out by london open or else we will stay in that range, unless there will be new surprises and rumors that could make some jumps up and down.

Longs be careful.. This could be a teaser

i meant a small position
hence my nxt staement following that

ive kept it +5 for s/l

im also long g/u and +5 as s/l--aiming for 1.9880

It seems I'm the only one who is long still

I will beat you all LOL

im LO to the NG too

Maybe its better to be long for the long term and short for the short term.
Short term being a year or so and long term 5 years+

The sub-prime chaos will finally go away, the carry trade will not !!!

Just think of all the interest you can collect in the next few years.

Orca