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

  • #31,961
  • Sep 25, 2007 12:30pm Sep 25, 2007 12:30pm
good luck to me, u and all

Quoting kayman
Hey Bud

I also open first trade based on new 30 min

Good Luck all
  • #31,962
  • Sep 25, 2007 12:30pm Sep 25, 2007 12:30pm
down trend channel broken in 1hr TF. things starting to go up slowly....
  • #31,963
  • Sep 25, 2007 12:31pm Sep 25, 2007 12:31pm
i have a 61.8 fibo at 231.35, tough resistance, but will be breached eventually. i hope
  • #31,964
  • Sep 25, 2007 12:33pm Sep 25, 2007 12:33pm
Quoting Holypendant
erm... wat about can GJ rate be 100? any1 can tell me?
I think the lowest it has ever been is around 134, but there is no technical reason it couldn't drop to 100 or below.
  • #31,965
  • Sep 25, 2007 12:40pm Sep 25, 2007 12:40pm
Quoting lilmoe
i have a 61.8 fibo at 231.35, tough resistance, but will be breached eventually. i hope
It will break within the next 30 min, if not it will drop again to gather more momentum.
  • #31,966
  • Sep 25, 2007 12:43pm Sep 25, 2007 12:43pm
Quoting markam
Partly it is supposed to be people borrowing yen to invest in the stock market during bull periods. I personally think it is just computerized trading programs matching currency holdings to stock market holdings.
Hey Markam! may be this is a lame question but could you help understand the logistics involved here.

If more people borrow yen, then yen value goes up pulling down GJ. Am I missing something here or there is more to it?

Thank you.

~G.
  • #31,967
  • Sep 25, 2007 12:52pm Sep 25, 2007 12:52pm
Quoting AlphaGA
Hey Markam! may be this is a lame question but could you help understand the logistics involved here.

If more people borrow yen, then yen value goes up pulling down GJ. Am I missing something here or there is more to it?

Thank you.

~G.
People borrow yen at a low interest rate from japanese banks. They then immediately dump into market for a different currency, depressing the value of the yen. That is the yen carry trade.
  • #31,968
  • Sep 25, 2007 12:54pm Sep 25, 2007 12:54pm
So I have a question regarding account sizes. I know this may not be the appropriate thread but I value the insight from the top dogs that post here. I was wondering if there is such a thing as too large of an account? I know that sounds weird because you can't ever have too much money but when do you start having problems with brokers? Is there an unwritten rule about too large of an account? Hope my question makes sense.

Thanks
  • #31,969
  • Sep 25, 2007 12:55pm Sep 25, 2007 12:55pm
Quoting Big Pippin'
So I have a question regarding account sizes. I know this may not be the appropriate thread but I value the insight from the top dogs that post here. I was wondering if there is such a thing as too large of an account? I know that sounds weird because you can't ever have too much money but when do you start having problems with brokers? Is there an unwritten rule about too large of an account? Hope my question makes sense.

Thanks
hmmmmmmmmmm dont trust your broker with all of your money.
  • #31,970
  • Sep 25, 2007 12:57pm Sep 25, 2007 12:57pm
Quoting Big Pippin'
So I have a question regarding account sizes. I know this may not be the appropriate thread but I value the insight from the top dogs that post here. I was wondering if there is such a thing as too large of an account? I know that sounds weird because you can't ever have too much money but when do you start having problems with brokers? Is there an unwritten rule about too large of an account? Hope my question makes sense.

Thanks
You start having problems with your broker as soon as you start making decent and consistant money. So fool them and have a few different accts and switch days that you trade in each acct.
  • #31,971
  • Sep 25, 2007 1:09pm Sep 25, 2007 1:09pm
Quoting PipChick
You start having problems with your broker as soon as you start making decent and consistant money. So fool them and have a few different accts and switch days that you trade in each acct.


this is something that always keep me wondering. is this kind of business legible?? who knows....

since you're buying and selling currencies, no one is losing but you if there's a loss. however, if there is A LOT of profit, i wonder why they would lose...??!?!

as long as one keeps their account not too big, they're fine. just don't make it too large, if you want to invest a large sum, i would suggest that not only use different accounts, but also different brokers. there are lots of stuff where u can invest if you have alot of money
  • #31,972
  • Sep 25, 2007 1:12pm Sep 25, 2007 1:12pm
I was wondering why we are seeing the DOW in positive territory,
in light of the negatives in the market (housing / consumer) then
CNBC just suggested the drop in crude oil prices could be holding
the market up.
  • #31,973
  • Sep 25, 2007 1:17pm Sep 25, 2007 1:17pm
hmm, price will retrace to one of these levels before heading back north

23.6% - 230.98
38.2% - 230.74
50% - 230.55
Trade what you see, not what you think.
  • #31,974
  • Sep 25, 2007 1:20pm Sep 25, 2007 1:20pm
i'm thinking we might have the same uptrend we had back in sep18, i'll post when people can re-enter longs...
  • #31,975
  • Sep 25, 2007 1:22pm Sep 25, 2007 1:22pm
Quoting alaporte
Technically not a proper engulfing candle. Previous candle's body not completely engulfed.
Just got back from lunch. So then, what part of this body (in red) is not engulfed by the following candle (in blue)? An engulfing candle does not have to engulf the wicks of the previous candle. The engulfing candle does not have to 'jump' to create a gap from where the previous candle closed, it merely has to open where the previous candle closed and surpass the other end of the candle with its close.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4h.gif Size: 22 KB
  • #31,976
  • Sep 25, 2007 1:26pm Sep 25, 2007 1:26pm
Quoting karmostaji
hmm, price will retrace to one of these levels before heading back north

23.6% - 230.98
38.2% - 230.74
50% - 230.55

I pick answer B 38.2
"Only when the tide goes out will we know who is swimming naked."
  • #31,977
  • Sep 25, 2007 1:26pm Sep 25, 2007 1:26pm
Quoting karmostaji
hmm, price will retrace to one of these levels before heading back north

23.6% - 230.98
38.2% - 230.74
50% - 230.55
Karmo, do you still hold your shorts bro?
  • #31,978
  • Sep 25, 2007 1:28pm Sep 25, 2007 1:28pm
Quoting PipChick
You start having problems with your broker as soon as you start making decent and consistant money. So fool them and have a few different accts and switch days that you trade in each acct.
So the conspiracy theorists are still thriving. If you have to spend your time wondering which broker to use for the day, and wondering which one is looking to screw you, then you better hang up trading and go back to your regular job.

M2B
  • #31,979
  • Sep 25, 2007 1:28pm Sep 25, 2007 1:28pm
Quoting karmostaji
hmm, price will retrace to one of these levels before heading back north

23.6% - 230.98
38.2% - 230.74
50% - 230.55
23.6% is where the trend line is right now im betting it stops here and heads north but as im typing i see price going down haha
  • #31,980
  • Sep 25, 2007 1:29pm Sep 25, 2007 1:29pm
re entry at the 1H 5sma???

edit :Also 15 min 21 EMA

i reentered at 230.99

May the pips be with you
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