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

  • #26,021
  • Sep 13, 2007 7:58am Sep 13, 2007 7:58am
bro .. whats up with EUR/USD??? Has anyone made more than 5 pips a day trading this pair. It looks like a dead beat.
  • #26,022
  • Sep 13, 2007 7:58am Sep 13, 2007 7:58am
Quoting markam
feds have already pumped 5 billion in this morning through repos. They did 13.5 billion yesterday. I saw an analysis on a website (can't find it now) that showed the feds repo injections correlated very well with rises in the stock market.

that being said, I believe this will be a down day in the stock market.
don't spoil our small long party now markam LOL
Trade what you see, not what you think.
  • #26,023
  • Sep 13, 2007 7:59am Sep 13, 2007 7:59am
Quoting auslanco
bro .. whats up with EUR/USD??? Has anyone made more than 5 pips a day trading this pair. It looks like a dead beat.
I don't like that pair, it moves like a turtle
Trade what you see, not what you think.
  • #26,024
  • Sep 13, 2007 7:59am Sep 13, 2007 7:59am
[quote=Blah Blah;1591141]Karmo says that the crosses will crash if the feds cut rates.
But Vishal says the opposite. He says that if the feds don't cut rates then the crosses will crash down.
Who is correct?[/quote]

I think this guy knows.
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  • #26,025
  • Sep 13, 2007 8:01am Sep 13, 2007 8:01am
Quoting markam
feds have already pumped 5 billion in this morning through repos. They did 13.5 billion yesterday. I saw an analysis on a website (can't find it now) that showed the feds repo injections correlated very well with rises in the stock market.

that being said, I believe this will be a down day in the stock market.
lOl.. bro every day is a down day for you. The price would be around 100 if it went down every time when you said down
  • #26,026
  • Sep 13, 2007 8:02am Sep 13, 2007 8:02am
Quoting Mysticdiver
Check it out!

http://www.forexfactory.com/showthread.php?t=46761

Depicts exactly what I did...I only remember someone said if the pair breaks out of the range...it'll shoot 1200 pips. Can't remember who said it..but when I saw it broke 232.51, I just thought it's going to go on all the way and hung on to my long position (something which I don't do often..I exit once my TP in $$ for the day is reached)

Who said it by the way??
  • #26,027
  • Sep 13, 2007 8:03am Sep 13, 2007 8:03am
We probably would see this pair starting to go south a bit before or after 10 am edt. May need to wait till all options expired. Hourly Slow stoch has shown quite severely overbought.
  • #26,028
  • Sep 13, 2007 8:03am Sep 13, 2007 8:03am
Quoting auslanco
bro .. whats up with EUR/USD??? Has anyone made more than 5 pips a day trading this pair. It looks like a dead beat.
made 80 yesterday. EU is really safe, for newbies its the best practice.

Its not a turtle, its been the strongest trending these days.
We leave no soldier behind.
  • #26,029
  • Sep 13, 2007 8:05am Sep 13, 2007 8:05am
Quoting mktjong
We probably would see this pair starting to go south a bit before or after 10 am edt. May need to wait till all options expired. Hourly Slow stoch has shown quite severely overbought.
you probably mean a small retracement. saying it will go south would make a lot of people here trading what they hear to start selling and whats more, we are on an uptrend, my advice is to look for longs, not shorts.
We leave no soldier behind.
  • #26,030
  • Sep 13, 2007 8:05am Sep 13, 2007 8:05am
Bingo
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  • #26,031
  • Sep 13, 2007 8:06am Sep 13, 2007 8:06am
there is nothing to stop this till 234.15-.60
Trade what you see, not what you think.
  • #26,032
  • Sep 13, 2007 8:07am Sep 13, 2007 8:07am
Quoting karmostaji
there is nothing to stop this till 234.15-.60
Daily Gann @ 233.75 area. some bounce back
  • #26,033
  • Sep 13, 2007 8:08am Sep 13, 2007 8:08am
Mktjong, I just PM'd you.

Quoting mktjong
We probably would see this pair starting to go south a bit before or after 10 am edt. May need to wait till all options expired. Hourly Slow stoch has shown quite severely overbought.
  • #26,034
  • Sep 13, 2007 8:09am Sep 13, 2007 8:09am
Quoting gagiul
you probably mean a small retracement. saying it will go south would make a lot of people here trading what they hear to start selling and whats more, we are on an uptrend, my advice is to look for longs, not shorts.
yeah .. at least till slow stoch showing oversold .. maybe
  • #26,035
  • Sep 13, 2007 8:11am Sep 13, 2007 8:11am
Quoting mktjong
yeah .. at least till slow stoch showing oversold .. maybe
from my experience, all the indicators showing 'oversold' and 'overbought' are pure B.S, I've seen pairs shoot up like crazy when it was extremely overbought.
Trade what you see, not what you think.
  • #26,036
  • Sep 13, 2007 8:11am Sep 13, 2007 8:11am
Quoting mktjong
yeah .. at least till slow stoch showing oversold .. maybe
I have seen many times this pair shoots 300+ pips when the Stochs are @ extremely oversold levels.
  • #26,037
  • Sep 13, 2007 8:11am Sep 13, 2007 8:11am
closed longs at 233.20
will reeneter after this hr close or better entry on retrace
  • #26,038
  • Sep 13, 2007 8:13am Sep 13, 2007 8:13am
Quoting auslanco
I have seen many times this pair shoots 300+ pips when the Stochs are @ extremely overbought levels.
there we go, we have enough confusion going on already lol
Trade what you see, not what you think.
  • #26,039
  • Sep 13, 2007 8:13am Sep 13, 2007 8:13am
Quoting auslanco
lOl.. bro every day is a down day for you. The price would be around 100 if it went down every time when you said down

Actually, I usually assume every day is going to be an up day in the stock market anymore.
  • #26,040
  • Sep 13, 2007 8:13am Sep 13, 2007 8:13am
Quoting Zoran
Do you use aqforex as the DOW provider? If so, can you post the srv file that lives in the MetaTrader4/config directory? I want to check them out.

you can download it from www.aqforex.com

however they only provide that for live accounts..
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