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

  • #32,981
  • Sep 26, 2007 9:59pm Sep 26, 2007 9:59pm
Could you pls explain what you meant, I aint sure if I followed your comment... thanks!

Quoting Hakuna Matata
either s/l hit at b/e or 234.60 is my tgt for the day
  • #32,982
  • Sep 26, 2007 9:59pm Sep 26, 2007 9:59pm
Quoting monarch

Hey Bro,
Hi Monarc.. Thanks bro..I had a solid long trade set-up yesterday..But the price reached 1hour after my predicted time period. I have to improve my timing skills little further I guess
  • #32,983
  • Sep 26, 2007 9:59pm Sep 26, 2007 9:59pm
Quoting my2buoys
....... Some of the newer ones are going to have to learn what a few pips in GBP/JPY terms means. Newbies take note.
M2B
What is the amount/average of FEW pips is in GBP JPY Term
  • #32,984
  • Sep 26, 2007 10:01pm Sep 26, 2007 10:01pm
Here's a look at upcoming news releases:
Attached Image (click to enlarge)
Click to Enlarge Name: todaysnews2.jpg Size: 105 KB
  • #32,985
  • Sep 26, 2007 10:03pm Sep 26, 2007 10:03pm
Hey, Auslanco!

What do you think about this GBP/JPY chart?

iiivb
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.JPG Size: 109 KB
  • #32,986
  • Sep 26, 2007 10:05pm Sep 26, 2007 10:05pm
Quoting Pips_Cruiser
Here's a look at upcoming news releases:

We've passed a new candle, trying to figure why it doesn't push the GJ down further but ranging when the news is out in less than an hour now. I hope it falls to the PP of 232.3 (at least)
May the Pips be with You Let's Pimp some Pips!
  • #32,987
  • Sep 26, 2007 10:07pm Sep 26, 2007 10:07pm
Quoting VishalJ
Ahh.. my bad then I've been staring at my news source.. for anything bad related to the Aussie $. It's way too high.. I can't believe that not one bank or mortgage company there is in trouble.
St.George bank in Australia sent me a letter few days back asking me to pay AU$ 0.17cents overdue amount on my closed account. I assume they are in trouble .
  • #32,988
  • Sep 26, 2007 10:08pm Sep 26, 2007 10:08pm
Quoting RookieJookie
We've passed a new candle, trying to figure why it doesn't push the GJ down further but ranging when the news is out in less than an hour now. I hope it falls to the PP of 232.3 (at least)
Your words to God's ears my friend.
  • #32,989
  • Sep 26, 2007 10:08pm Sep 26, 2007 10:08pm
Quoting apume
Could you pls explain what you meant, I aint sure if I followed your comment... thanks!
Originally Posted by Hakuna Matata http://www.forexfactory.com/images/buttons/viewpost.gif
either s/l hit at b/e or 234.60 is my tgt for the day



HE'S OBVIOUSLY LONG FROM SOME UNDISCLOSED ENTRY POINT AND WILL
SETTLE FOR A STOP LOSS BEING HIT AT BREAK EVEN SHOULD THE PAIR
GOE THE OTHER WAY.

IT TAKES A GOOD TRADER TO EVEN INCLUDE THE TERM B/E IN THEIR
VERNACULAR. I HAVE SO LITTLE EXPERIENCE WITH THE B/E. LOL
  • #32,990
  • Sep 26, 2007 10:11pm Sep 26, 2007 10:11pm
Quoting auslanco
St.George bank in Australia sent me a letter few days back asking me to pay AU$ 0.17cents overdue amount on my closed account. I assume they are in trouble .
lol...their postage must be cheaper then the US if they made money on that transaction
  • #32,991
  • Sep 26, 2007 10:12pm Sep 26, 2007 10:12pm
Quoting Syafi
What is the amount/average of FEW pips is in GBP JPY Term
The definition of 'a few pips' in GBP/JPY terms is 'the number of pips GBP/JPY runs after taking out your stop loss'.

M2B
  • #32,992
  • Sep 26, 2007 10:15pm Sep 26, 2007 10:15pm
Quoting auslanco
St.George bank in Australia sent me a letter few days back asking me to pay AU$ 0.17cents overdue amount on my closed account. I assume they are in trouble .
You just gotta love this modern day age of computer technology. How much was the postage they had to use to send you that letter?

M2B
  • #32,993
  • Sep 26, 2007 10:15pm Sep 26, 2007 10:15pm
Quoting Pips_Cruiser
I have confidence in Markham's opinion that price will fall after the news. I can only hope that price will start falling beforehand . . . I don't want any pre-news spikes to hit our stop losses.

I think we're okay, and we'll learn a lesson or two from it.
Maybe 3 or 4
  • #32,994
  • Sep 26, 2007 10:20pm Sep 26, 2007 10:20pm
Quoting auslanco
St.George bank in Australia sent me a letter few days back asking me to pay AU$ 0.17cents overdue amount on my closed account. I assume they are in trouble .
  • #32,995
  • Sep 26, 2007 10:22pm Sep 26, 2007 10:22pm
Would you look at the bearish momentum on the 4H and the 1H and yet this thing sits there like it doesn't know what it's supposed to do. Down, boy, down!

M2B
  • #32,996
  • Sep 26, 2007 10:23pm Sep 26, 2007 10:23pm
Quoting iiivb
Hey, Auslanco!

What do you think about this GBP/JPY chart?

iiivb

Interesting...My indicators are predicting a break out to the upside on GBP/JPY.
But for the GU.. it the the opposite. However I believe a break of 233.75 to the upside or 229.50 to the downside could trigger a good sizable break out in the coming days.
  • #32,997
  • Sep 26, 2007 10:27pm Sep 26, 2007 10:27pm
Quoting my2buoys
You just gotta love this modern day age of computer technology. How much was the postage they had to use to send you that letter?

M2B
Normal postage is $.50cents. Bulk postage would be about $0.23cents. Envelope and the paper cost would be about .05cents.

Therefor they have spent atleast $0.28 cents to make $0.17cents. Now thats what I call a good business decisions.
  • #32,998
  • Sep 26, 2007 10:28pm Sep 26, 2007 10:28pm
I remain short.

Patience.
Trade what you see, not what you think.
  • #32,999
  • Sep 26, 2007 10:28pm Sep 26, 2007 10:28pm
Quoting auslanco
Normal postage is $.50cents. Bulk postage would be about $0.23cents. Envelope and the paper cost would be about .05cents.

Therefor they have spent atleast $0.28 cents to make $0.17cents. Now thats what I call a good business decisions.
Not a good risk/reward ratio since they have no idea if you will ever pay

And even if you do, they still lose....
  • #33,000
  • Sep 26, 2007 10:29pm Sep 26, 2007 10:29pm
Quoting Pips_Cruiser
I have confidence in Markham's opinion that price will fall after the news. I can only hope that price will start falling beforehand . . . I don't want any pre-news spikes to hit our stop losses.

I think we're okay, and we'll learn a lesson or two from it.
My opinion only counts if the house price report cooperates. Above a .3% increase, anything could happen.
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