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

  • #15,961
  • Aug 27, 2007 8:40am Aug 27, 2007 8:40am
Quoting LuckyLooser
You've gotta be crazy to go bearish on this weak currency called JPY. The only reason to trade G/Y is to buy the huge dips and be more than confident to reape huge earnings without any concerns whatsoever. It will not only be unrealistic to go short on 229.32 but it will be a waste of positions.

That is my opinion.

Me personally I have bought 40 lots at 225.30 and I will stay open till the Winter Holidays. I expect in the next couple of weeks, till the end of September at the most, the GBP to be at its TRUE value above 250
hmmm...I wonder how you would feel IF the pair drops down to 190 area. Hope you will enough funds to avoid a margin call
  • #15,962
  • Aug 27, 2007 8:44am Aug 27, 2007 8:44am
Quoting FlyForex
Good signals Aus,

but GU, are neutral today, and I think will cont. bullish.

QQE and TFT in 1h are bearish but in 30M we can see a retrac.
These signals are from smaller TF (15mins/5mins.. profit targets are 20 pips(GJ: 30 pips) Still on demo testing. Today did 3 trades with 100% win rate .
  • #15,963
  • Aug 27, 2007 8:44am Aug 27, 2007 8:44am
Quoting Lincoln_10
bought 40 lots at 225.30?

at this moment you must be like minus 48.000 $

holding an account around 1 million i suppose...

well good for you than
It depends on the trading platform. With me 1lot = 1000 . And why minus 48.000? So I said it wrong maybe... I am long G/Y at 225.30 with, currently at 295.400 JPY profit. And I believe this cross has a REAL value above 250, unlike what is now at 233.87. This is my personal opinion though.
  • #15,964
  • Aug 27, 2007 8:45am Aug 27, 2007 8:45am
let me out of my cage, grrrrrr!!!!!!!!!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Seoul Grand Park Zoo 26Aug07 065.jpg Size: 65 KB
  • #15,965
  • Aug 27, 2007 8:46am Aug 27, 2007 8:46am
Quoting LuckyLooser
It depends on the trading platform. With me 1lot = 1000 . And why minus 48.000? So I said it wrong maybe... I am long G/Y at 225.30 with, currently at 295.400 JPY profit. And I believe this cross has a REAL value above 250, unlike what is now at 233.87. This is my personal opinion though.
yes yes i am sorry.,..

i read it 235.30 not 225.30
my bad...

so good. even though the pair hits 229 than goes higher so this would mean we are still in the same train

250 might be a good target for this pair but a retracment should happen dont you think?
give me my pips back...
  • #15,966
  • Aug 27, 2007 8:46am Aug 27, 2007 8:46am
Quoting auslanco
hmmm...I wonder how you would feel IF the pair drops down to 190 area. Hope you will enough funds to avoid a margin call
Upon sucha a drop, who will buy Japaneese cars in the UK mate? I still believe International Econimics has the last word in the forex market.
  • #15,967
  • Aug 27, 2007 8:48am Aug 27, 2007 8:48am
Quoting LuckyLooser
It depends on the trading platform. With me 1lot = 1000 . And why minus 48.000? So I said it wrong maybe... I am long G/Y at 225.30 with, currently at 295.400 JPY profit. And I believe this cross has a REAL value above 250, unlike what is now at 233.87. This is my personal opinion though.
This means 0.4 lots altogether
Regards
  • #15,968
  • Aug 27, 2007 8:48am Aug 27, 2007 8:48am
I have a feeling we are going to have roller coaster ride coz if number is bad it will push the market back but on realization that now rate cut is inevitable market will move up also if number is good market will move up but on realization it may cause feds not to cut rates then they may start selling

Just a thought lets see
  • #15,969
  • Aug 27, 2007 8:49am Aug 27, 2007 8:49am
Quoting Lincoln_10
yes yes i am sorry.,..

i read it 235.30 not 225.30
my bad...

so good. even though the pair hits 229 than goes higher so this would mean we are still in the same train

250 might be a good target for this pair but a retracment should happen dont you think?
That is why I read this forum, so I watch for the retracement levels. People here know whats going on aint that true . Current stop at 50% from 225.30 - 233.30. Let it retrace my job here is done.
  • #15,970
  • Aug 27, 2007 8:49am Aug 27, 2007 8:49am
Quoting LuckyLooser
You've gotta be crazy to go bearish on this weak currency called JPY. The only reason to trade G/Y is to buy the huge dips and be more than confident to reape huge earnings without any concerns whatsoever. It will not only be unrealistic to go short on 229.32 but it will be a waste of positions.

That is my opinion.

Me personally I have bought 40 lots at 225.30 and I will stay open till the Winter Holidays. I expect in the next couple of weeks, till the end of September at the most, the GBP to be at its TRUE value above 250
Sorry, but if you bought GBP/JPY then that means you're bearish on the JPY (Long GBP short JPY). If you want to make real intraday money on this pair you need to get the carry trade mindset zapped from your brain. Only long term holders with lots of dough are concerned about drawing interest from this or any pair. For the average Joes like us the real money is made intraday from the pips on trades, not interest.

M2B
  • #15,971
  • Aug 27, 2007 8:49am Aug 27, 2007 8:49am
Quoting LuckyLooser
It depends on the trading platform. With me 1lot = 1000 . And why minus 48.000? So I said it wrong maybe... I am long G/Y at 225.30 with, currently at 295.400 JPY profit. And I believe this cross has a REAL value above 250, unlike what is now at 233.87. This is my personal opinion though.
100:1 broker leverage???
Whats your account leverage?
  • #15,972
  • Aug 27, 2007 8:50am Aug 27, 2007 8:50am
Quoting howard
This means 0.4 lots altogether
Yep true, im humble .4 is agood number for me. Im a small fish in the big lake.
  • #15,973
  • Aug 27, 2007 8:51am Aug 27, 2007 8:51am
10mn to go until the big drop , i can feel your hearts beating
COT: The precious data ignored
  • #15,974
  • Aug 27, 2007 8:51am Aug 27, 2007 8:51am
Quoting auslanco
100:1 broker leverage???
Whats your account leverage?
100:1 leverage.
  • #15,975
  • Aug 27, 2007 8:52am Aug 27, 2007 8:52am
it seems it is breaking the trendline of the big wedge... could be a big drop here...
DOW is also dropping...
  • #15,976
  • Aug 27, 2007 8:53am Aug 27, 2007 8:53am
Quoting auslanco
100:1 broker leverage???
Whats your account leverage?

bro he meant 0.4 standard lots
  • #15,977
  • Aug 27, 2007 8:53am Aug 27, 2007 8:53am
Quoting kuroro001
10mn to go until the big drop , i can feel your hearts beating
man if the pair goes up right away, and my shorts hit SL, than i am going for a swim... and not trading anymore today.
give me my pips back...
  • #15,978
  • Aug 27, 2007 8:53am Aug 27, 2007 8:53am
Here is the rising wedge I was talking about earlier. I took some profit when price hit the bottom line (check purple circle). Now a rising wedge is a bearish pattern and price should fall significantly when that bottom line is broken. I use it as a primary indicator so I put some weight behind the call. If the bottom line holds, then we could see one more bounce off the top line and a place to add to the shorts.

Z
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  • #15,979
  • Aug 27, 2007 8:54am Aug 27, 2007 8:54am
Quoting LuckyLooser
Upon sucha a drop, who will buy Japaneese cars in the UK mate? I still believe International Econimics has the last word in the forex market.
Wow.. Interesting so, in 2000 september the exchange rate was around 160. According to you, Nobody in UK bought Japaneese cars in 2001/2002.. Please correct me if I'm wrong.
  • #15,980
  • Aug 27, 2007 8:54am Aug 27, 2007 8:54am
The US 10 yr treasuries notes is at -0.21. It is very very much certain this pair is going down today. Just wait for a good entry point.
Unless, whatever news that could turn this US bonds into positive, then we may have a reversal.
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