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

  • #14,761
  • Aug 23, 2007 10:16pm Aug 23, 2007 10:16pm
the sushi break is over!
  • #14,762
  • Edited 10:23pm Aug 23, 2007 10:22pm | Edited 10:23pm
good afternoon....

please note.......234.47......is the 61.8 fibo line and ....234.48 is the M-M 3/8 on the 4hr chart and 234.48 is the 6/8 M-M on the 1hr chart....

May see resistance at that level...

just a thought....
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  • #14,763
  • Aug 23, 2007 10:24pm Aug 23, 2007 10:24pm
As long as we are discussing equity markets. The british market closed basically flat yesterday. The US market was very unsettled, and now the nikkei is down.

I think it is a pretty safe bet that unless the news releases are unusual, the FTSE will be down for friday. I also expect the US markets to be down tomorrow, possibly significantly down. The odds seem to favor GJ moving down through close of market on friday.

If the european exchanges are down at the opening, I plan to place a fairly large short bet and let it run until friday close. Since we are in the midrange of GJ right now, there should be little resistance to it moving down in accordance with equity market movements.
  • #14,764
  • Aug 23, 2007 10:42pm Aug 23, 2007 10:42pm
My short is in profit. Looks like I have the Nikkei working for me also
  • #14,765
  • Aug 23, 2007 10:46pm Aug 23, 2007 10:46pm
Please tell what you think a downwards target might be for the gbp/jpy. Could it drop to 229 level ...an M3-M1 kind of day...based on some pivots. Thanks Markam....
  • #14,766
  • Aug 23, 2007 10:54pm Aug 23, 2007 10:54pm
Quoting markam
As long as we are discussing equity markets. The british market closed basically flat yesterday. The US market was very unsettled, and now the nikkei is down.

I think it is a pretty safe bet that unless the news releases are unusual, the FTSE will be down for friday. I also expect the US markets to be down tomorrow, possibly significantly down. The odds seem to favor GJ moving down through close of market on friday.

If the european exchanges are down at the opening, I plan to place a fairly large short bet and let it run until friday close. Since we are in the midrange of GJ right now, there should be little resistance to it moving down in accordance with equity market movements.
I am taking a sabbatical leave from trading but I can't help myself from reading the thread. I agree with you onthe fragile state of the markets, including forex. I do not like it but I don't mind if GJ goes down and I missed buying when it was 219 last week, I may as well buy the pair and hold it for carry trade. It is surprising that on Wed, the Swat this week was >100 but last week it was only ~ 78. I wonder how fxcm calculate the swap payment?

Also I wonder when the main trend is downward, making holding long unattractive but that was the case in the 90s..I wonder when it will happen again for GJ? Could it happen soon? Regards, BR
  • #14,767
  • Aug 23, 2007 10:56pm Aug 23, 2007 10:56pm
Thank you for all the great posting I am new to the Forex and love the GJ
I was wondering if anyone can direct me in the right direction as far as understanding the meaning of the various lines in the indicators that I now have on my platform. The QQE, Gann Hilo, MA etc..
Thanks!!!
  • #14,768
  • Aug 23, 2007 11:01pm Aug 23, 2007 11:01pm
Quoting joiedevivre
Please tell what you think a downwards target might be for the gbp/jpy. Could it drop to 229 level ...an M3-M1 kind of day...based on some pivots. Thanks Markam....
I am not the one to ask about targets. As Aus or Karmo. I just believe it will go down as the markets go down.
  • #14,769
  • Aug 23, 2007 11:03pm Aug 23, 2007 11:03pm
Quoting Richestonian
Thank you for all the great posting I am new to the Forex and love the GJ
I was wondering if anyone can direct me in the right direction as far as understanding the meaning of the various lines in the indicators that I now have on my platform. The QQE, Gann Hilo, MA etc..
Thanks!!!
Aus and Karmo both have journals where they explain their trading strategy.
  • #14,770
  • Aug 23, 2007 11:03pm Aug 23, 2007 11:03pm
Quoting Richestonian
Thank you for all the great posting I am new to the Forex and love the GJ
I was wondering if anyone can direct me in the right direction as far as understanding the meaning of the various lines in the indicators that I now have on my platform. The QQE, Gann Hilo, MA etc..
Thanks!!!
Here ya go: http://www.forexfactory.com/showthread.php?t=41509
  • #14,771
  • Aug 23, 2007 11:13pm Aug 23, 2007 11:13pm
Thanks
  • #14,772
  • Aug 23, 2007 11:13pm Aug 23, 2007 11:13pm
Quoting markam
My short is in profit. Looks like I have the Nikkei working for me also

price is at 232.3x i don't think it will go any further down, there's strong support at that level...
  • #14,773
  • Aug 23, 2007 11:33pm Aug 23, 2007 11:33pm
Quoting lilmoe
price is at 232.3x i don't think it will go any further down, there's strong support at that level...
23.6 and 61.8 confluence
  • #14,774
  • Aug 23, 2007 11:33pm Aug 23, 2007 11:33pm
Quoting lilmoe
price is at 232.3x i don't think it will go any further down, there's strong support at that level...


Please give some data to support this observation.

Chart, TF, indicators..... etc.

then we can all learn together

thanks,

patchadams
  • #14,775
  • Aug 23, 2007 11:34pm Aug 23, 2007 11:34pm
Is VT working for anyone? I've seen comments throughout Thursday that it has been up-and-down for some, but I haven't been able to load the platform (demo account) since Wednesday night.

The forum at vtsystems.com is no help. Discussing connectivity or server issues is not permitted, and the brokerage associated with VT may not even be mentioned.

What a shame! VT is an elegant, well-designed program. But what good is it if it's offline? (Rhetorical question only. Please don't tell me to use MT4. I don't like MT4, or the fact that each MT4 platform runs according to the time zone of the brokerage which uses it. So, just venting here ~)
  • #14,776
  • Aug 23, 2007 11:36pm Aug 23, 2007 11:36pm
Quoting Richestonian
Thank you for all the great posting I am new to the Forex and love the GJ
I was wondering if anyone can direct me in the right direction as far as understanding the meaning of the various lines in the indicators that I now have on my platform. The QQE, Gann Hilo, MA etc..
Thanks!!!
Hi,

Have you covered the basics (trend lines, Fibo, candles,..) yet?
  • #14,777
  • Aug 23, 2007 11:43pm Aug 23, 2007 11:43pm
look like hammer is to be built at the close of 1 hr in 18 minutes. What sign of that?
  • #14,778
  • Aug 23, 2007 11:43pm Aug 23, 2007 11:43pm
Quoting fourxtrader
Please give some data to support this observation.

Chart, TF, indicators..... etc.

then we can all learn together

thanks,

patchadams
Blue Fibo confluence rectangle:

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  • #14,779
  • Aug 23, 2007 11:51pm Aug 23, 2007 11:51pm
Quoting Idoogye
Is VT working for anyone? I've seen comments throughout Thursday that it has been up-and-down for some, but I haven't been able to load the platform (demo account) since Wednesday night.

The forum at vtsystems.com is no help. Discussing connectivity or server issues is not permitted, and the brokerage associated with VT may not even be mentioned.

What a shame! VT is an elegant, well-designed program. But what good is it if it's offline? (Rhetorical question only. Please don't tell me to use MT4. I don't like MT4, or the fact that each MT4 platform runs according to the time zone of the brokerage which uses it. So, just venting here ~)

My VT is currently working but wasn't earlier. I'm glad I don't
have to rely on this platform.

I haven't taken the time to study and follow the numerous posts
and instructions on configuring the indicators to MT4.... maybe over
the weekend.

I'd post a chart if I could... I still need to figure out how to
cut / copy / paste pics of charts to this message screen.

where's a tutorial when you need one?
  • #14,780
  • Aug 23, 2007 11:57pm Aug 23, 2007 11:57pm
Quoting Idoogye
Is VT working for anyone? I've seen comments throughout Thursday that it has been up-and-down for some, but I haven't been able to load the platform (demo account) since Wednesday night.

The forum at vtsystems.com is no help. Discussing connectivity or server issues is not permitted, and the brokerage associated with VT may not even be mentioned.

What a shame! VT is an elegant, well-designed program. But what good is it if it's offline? (Rhetorical question only. Please don't tell me to use MT4. I don't like MT4, or the fact that each MT4 platform runs according to the time zone of the brokerage which uses it. So, just venting here ~)
Greetings! When you say you "haven't been able to load the platform . . . ", what exactly does that mean? Do you get a particular error message during login? Or does the problem occur after login, with the charts not loading up with data? And by the way, which MS operating system are you using?

Thanks,
Ron
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