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

  • #25,061
  • Sep 11, 2007 7:50pm Sep 11, 2007 7:50pm
I'm amazed that Markam is cheer leading for the longs.
  • #25,062
  • Sep 11, 2007 7:50pm Sep 11, 2007 7:50pm
Quoting PipChick
Its holding above 80 for now but if it tests the lower 70's again I may exit early.
I will stay long the g/j at 88 as long as the u/j holds above 114.00
  • #25,063
  • Sep 11, 2007 7:51pm Sep 11, 2007 7:51pm
Well, what's the strategy author think?

Quoting Basmati
I'm amazed that Markam is cheer leading for the longs.
  • #25,064
  • Sep 11, 2007 7:52pm Sep 11, 2007 7:52pm
Quoting PipChick
I will stay long the g/j at 88 as long as the u/j holds above 114.00
I think its confused..lol..war between the bulls and the bears at a crucial price right now.
  • #25,065
  • Sep 11, 2007 7:53pm Sep 11, 2007 7:53pm
Quoting Basmati
I'm amazed that Markam is cheer leading for the longs.

I am not cheerleading the longs, I just don't believe that GJ can move opposite the equity markets. There is no reason for the Nikkei to move down tonight, so I don't see any way that GJ can move down.
  • #25,066
  • Sep 11, 2007 7:53pm Sep 11, 2007 7:53pm
Quoting PipChick
I will stay long the g/j at 88 as long as the u/j holds above 114.00
What is the significance of 114.00 in u/j?
  • #25,067
  • Sep 11, 2007 7:54pm Sep 11, 2007 7:54pm
Quoting markam
This short movement is having to move in the opposite direction of the Nikkei, which is currently up 113 points. I don't expect it to make it through the 1 hr tft.
I dont rule out n upward move. However if the 1hr QQE5 cross down this TFT level will be broken successfully and it also will limit any bullish rally's.
  • #25,068
  • Sep 11, 2007 7:55pm Sep 11, 2007 7:55pm
Quoting Basmati
What is the significance of 114.00 in u/j?
If UJ breaks 114.. Analysts (not Markam) predict it will go down to 109 area.
  • #25,069
  • Sep 11, 2007 7:55pm Sep 11, 2007 7:55pm
Quoting markam
I am not cheerleading the longs, I just don't believe that GJ can move opposite the equity markets. There is no reason for the Nikkei to move down tonight, so I don't see any way that GJ can move down.
Seems like the GJ hasn't been respecting the Nikkei or the Dow the way it should be lately.
  • #25,070
  • Sep 11, 2007 7:57pm Sep 11, 2007 7:57pm
I'm short from 232.08, because of crossed QQE indicators (1 hr, 30 min, 15 min). SL at 232.48, and TP at 231.48. Time to head south!

Ron http://www.forexfactory.com/images/icons/icon14.gif
  • #25,071
  • Sep 11, 2007 7:58pm Sep 11, 2007 7:58pm
Nikkei Upside Seems Limited For The Rest Of The Day: Traders Seeing Profit-taking Once Contract Moved Above 16000, Suggesting That Further Upside Seems Unlikely; Caution Ahead Of Triple Witching On Friday - Wires
  • #25,072
  • Sep 11, 2007 7:58pm Sep 11, 2007 7:58pm
Quoting auslanco
I dont rule out n upward move. However if the 1hr QQE5 cross down this TFT level will be broken successfully and it also will limit any bullish rally's.
I won't argue that. It is quite interesting watching the currency technicals and the equity market fundamentals battle it out. Since I am of the position that equity market fundamentals determine the currency, I believe the Nikkei will win.
  • #25,073
  • Sep 11, 2007 8:00pm Sep 11, 2007 8:00pm
Quoting Pips_Cruiser
I'm short from 232.08, because of crossed QQE indicators (1 hr, 30 min, 15 min). SL at 232.48, and TP at 231.48. Time to head south!

Ron http://www.forexfactory.com/images/icons/icon14.gif

BRAVO!
  • #25,074
  • Sep 11, 2007 8:00pm Sep 11, 2007 8:00pm
Quoting auslanco
Nikkei Upside Seems Limited For The Rest Of The Day: Traders Seeing Profit-taking Once Contract Moved Above 16000, Suggesting That Further Upside Seems Unlikely; Caution Ahead Of Triple Witching On Friday - Wires
Nikkei at 15998 right now. If it falls from 16000, we could get the short we want.
  • #25,075
  • Sep 11, 2007 8:01pm Sep 11, 2007 8:01pm
Quoting Basmati
What is the significance of 114.00 in u/j?
The U/J is in control of the g/j most of the time. If the u/j cant break a crucial price then the g/j may spike above or below its crucial price ( support or resistance, fibs or whatever you use)but come right back. That is why the g/j has so many spikes and failures just when you think its going take off. The u/j will hold it back.
  • #25,076
  • Sep 11, 2007 8:02pm Sep 11, 2007 8:02pm
Quoting PipChick
The U/J is in control of the g/j most of the time. If the u/j cant break a crucial price then the g/j may spike above or below its crucial price ( support or resistance, fibs or whatever you use)but come right back. That is why the g/j has so many spikes and failures just when you think its going take off. The u/j will hold it back.
So do you basically just trade the G/J off the charts of the U/J then?
  • #25,077
  • Sep 11, 2007 8:05pm Sep 11, 2007 8:05pm
aus, my 4h candle just closed, and the mom on it is showing up.. just wondering if you'de find that info handy
  • #25,078
  • Sep 11, 2007 8:05pm Sep 11, 2007 8:05pm
my target for the scalp is 231.6 (just above 200 sma on 5) and i'll hold out for it as long as uj doesn't break upper trend line on 5
  • #25,079
  • Sep 11, 2007 8:05pm Sep 11, 2007 8:05pm
Aus,

If the QQE passes down through the 50, will you consider going short even more?


Thanks,

Frank
  • #25,080
  • Sep 11, 2007 8:09pm Sep 11, 2007 8:09pm
Quoting PipChick
Who ya talking about Jim?
Just joking with ya, Pip

Jim
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