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

  • #18,981
  • Aug 30, 2007 10:13am Aug 30, 2007 10:13am
price will bounce off the 234.06 resistance. and it will be successfully broken on the next 1hr bar.
  • #18,982
  • Aug 30, 2007 10:13am Aug 30, 2007 10:13am
we might have a small resistance at 234.10 area

I hope it blasts through it
Trade what you see, not what you think.
  • #18,983
  • Aug 30, 2007 10:23am Aug 30, 2007 10:23am
Careful of a bear ambush here. DOW around 13,225 and g/y may follow.
  • #18,984
  • Aug 30, 2007 10:25am Aug 30, 2007 10:25am
Quoting Zoran
Careful of a bear ambush here. DOW around 13,225 and g/y may follow.
The dow almost always does a high around the 11 am hour. It may or may not drop from here, but I doubt it will go much higher before the end of market.
  • #18,985
  • Aug 30, 2007 10:25am Aug 30, 2007 10:25am
Quoting auslanco
price will bounce off the 234.06 resistance. and it will be successfully broken on the next 1hr bar.

2h Momentum is bearish , should we expect a retracement there?
COT: The precious data ignored
  • #18,986
  • Aug 30, 2007 10:26am Aug 30, 2007 10:26am
Quoting markam
The dow almost always does a high around the 11 am hour. It may or may not drop from here, but I doubt it will go much higher before the end of market.
It just hit 13300
COT: The precious data ignored
  • #18,987
  • Aug 30, 2007 10:27am Aug 30, 2007 10:27am
Quoting Zoran
Careful of a bear ambush here. DOW around 13,225 and g/y may follow.

LOL.. no Dow ambush.. 1hr 5 sma reatracement is due on GJ. So Dow will come off the daily highs during the GJ retracemnt. Then it will start going up again.
  • #18,988
  • Aug 30, 2007 10:27am Aug 30, 2007 10:27am
for correlation purposes, a 70 point or so dow movement resulted in almost a 100 pip rise in GJ.
  • #18,989
  • Aug 30, 2007 10:28am Aug 30, 2007 10:28am
Hi,

can somebody explain what is difference between "QQE_Alert" and "VT_stop_level_reverse_system_modified". For me as newbie, first one is more accurate, but maybe I am wrong.

Auslanco, do you have some statistics, how many pips appr. is possible to do using this strategy per month, or succes rate (70-90%)?

Thank you very much.

T.
  • #18,990
  • Aug 30, 2007 10:28am Aug 30, 2007 10:28am
Quoting auslanco
LOL.. no Dow ambush.. 1hr 5 sma reatracement is due on GJ. So Dow will come off the daily highs during the GJ retracemnt. Then it will start going up again.
Aus, the currency trade does not drive the US stock market. You can easily watch GJ follow behind dow movements.
  • #18,991
  • Aug 30, 2007 10:29am Aug 30, 2007 10:29am
Quoting kuroro001
2h Momentum is bearish , should we expect a retracement there?

1hr reatrcement is @ 1200EST good time to load more longs @ 5 SMA
  • #18,992
  • Aug 30, 2007 10:30am Aug 30, 2007 10:30am
Yeah, I have noticed in the past, if the dow makes a big movement, often the carry trade lags behind it a bit, It can be a good heads up, doesn't always work though.
  • #18,993
  • Aug 30, 2007 10:31am Aug 30, 2007 10:31am
Quoting markam
Aus, the currency trade does not drive the US stock market. You can easily watch GJ follow behind dow movements.
bro.. Dow doesnt drive the currency market too. How come we spot all this way ahead before you spot them on dow.. it all on the charts
  • #18,994
  • Aug 30, 2007 10:32am Aug 30, 2007 10:32am
Quoting markam
The dow almost always does a high around the 11 am hour. It may or may not drop from here, but I doubt it will go much higher before the end of market.
Yes, the bulls have almost taken it to the bear front line. I can see them sharpening their claws and I'll be joining them (even if it just turns out to be a scalp). If the line breaks, I'll get onto the bull side. Lucky I'm good at disguising myself.
  • #18,995
  • Aug 30, 2007 10:32am Aug 30, 2007 10:32am
you can actually see here one of the times the GJ pair makes a movement outside of the dow movement. GJ dropped about 40 pips, but the dow has barely moved. The dow is above yesterdays close, so is resistant to movement. Since the dow wasn't doing anything, the GJ retracement went through.
  • #18,996
  • Aug 30, 2007 10:32am Aug 30, 2007 10:32am
Auslanco,

I noticed the same thing. You knew GBP/JPY was going up last night!!

Sure enough, it's going up. Hopefully, it keeps going up.


Frank

Quoting auslanco
bro.. Dow doesnt drive the currency market too. How come we spot all this way ahead before you spot them on dow.. it all on the charts
  • #18,997
  • Aug 30, 2007 10:34am Aug 30, 2007 10:34am
Quoting auslanco
1hr reatrcement is @ 1200EST good time to load more longs @ 5 SMA

Ah i see... but 1h momentum is pretty bullish though
COT: The precious data ignored
  • #18,998
  • Aug 30, 2007 10:35am Aug 30, 2007 10:35am
Quoting auslanco
bro.. Dow doesnt drive the currency market too. How come we spot all this way ahead before you spot them on dow.. it all on the charts
I am not arguing that the technicals will determine the direction of GJ. I am saying that it is impossible for GJ to go up when the dow goes down. Computerized trading will guarantee that GJ will follow the dow. However, you can sell all the yen you want, and you are not going to move the US equity market.
  • #18,999
  • Aug 30, 2007 10:35am Aug 30, 2007 10:35am
Quoting markam
you can actually see here one of the times the GJ pair makes a movement outside of the dow movement. GJ dropped about 40 pips, but the dow has barely moved. The dow is above yesterdays close, so is resistant to movement. Since the dow wasn't doing anything, the GJ retracement went through.

You still waiting for DOW to close before doing anything or .. ?
  • #19,000
  • Aug 30, 2007 10:35am Aug 30, 2007 10:35am
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