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

  • #36,361
  • Oct 3, 2007 6:44am Oct 3, 2007 6:44am
Quoting Pickensrulz
Dow is down 50 pts and the yen crosses haven't followed as of yet.
I've been noticing this more as of late. Things that make you go hmmm...
The 50 points was the premarket movement. GJ doesn't react to the opening movement, as it is already priced in. If the dow drops now, GJ will follow.
  • #36,362
  • Oct 3, 2007 6:48am Oct 3, 2007 6:48am
Quoting markam
The 50 points was the premarket movement. GJ doesn't react to the opening movement, as it is already priced in. If the dow drops now, GJ will follow.

LOL. That's my point dude. DOW futures were down and the yen crosses were up. If they are "priced in" the yen crosses would have moved DOWN after the euro markets closed.
  • #36,363
  • Oct 3, 2007 6:55am Oct 3, 2007 6:55am
Quoting Pickensrulz
LOL. That's my point dude. DOW futures were down and the yen crosses were up. If they are "priced in" the yen crosses would have moved DOWN after the euro markets closed.
The european markets are currently open, not closed. The yen crosses don't necessarily move to adjust to futures changes. However, once the US market is open, programed trading will move the dow and yen crosses in the same directions.
  • #36,364
  • Oct 3, 2007 6:56am Oct 3, 2007 6:56am
Here is our trade today..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY0.jpg Size: 98 KB
  • #36,365
  • Oct 3, 2007 7:03am Oct 3, 2007 7:03am
those numbers should move the stock market up.
  • #36,366
  • Oct 3, 2007 7:04am Oct 3, 2007 7:04am
Quoting markam
The european markets are currently open, not closed. The yen crosses don't necessarily move to adjust to futures changes. However, once the US market is open, programed trading will move the dow and yen crosses in the same directions.

Look dude, without making this into a full blown argument, I was trying to simply point out the declining correlation between the DOW and the carry trade.

As I type they are diverging further....

Check the last ten trading days vs the last 50 and the divergence is obvious.
  • #36,367
  • Oct 3, 2007 7:08am Oct 3, 2007 7:08am
Quoting Pickensrulz
Look dude, without making this into a full blown argument, I was trying to simply point out the declining correlation between the DOW and the carry trade.

As I type they are diverging further....

Check the last ten trading days vs the last 50 and the divergence is obvious.
I wouldn't argue with that. I said weeks ago that stock market and GJ were not at their proper relation, compared to historical ratios. During August, the stock market was much more bullish than GJ. Since we are at a new high in the dow, GJ should be 251+
  • #36,368
  • Oct 3, 2007 7:08am Oct 3, 2007 7:08am
Quoting bluerose
Here is our trade today..
i cant see it. could you type the trade?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #36,369
  • Oct 3, 2007 7:09am Oct 3, 2007 7:09am
Quoting moneymagnet
i cant see it. could you type the trade?
is that long at 237.04
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #36,370
  • Oct 3, 2007 7:10am Oct 3, 2007 7:10am
Quoting moneymagnet
is that long at 237.04
yup. long at 237.044
  • #36,371
  • Oct 3, 2007 7:11am Oct 3, 2007 7:11am
ggodnight guys--see u all in asian sesh
  • #36,372
  • Oct 3, 2007 7:12am Oct 3, 2007 7:12am
Quoting markam
I wouldn't argue with that. I said weeks ago that stock market and GJ were not at their proper relation, compared to historical ratios. During August, the stock market was much more bullish than GJ. Since we are at a new high in the dow, GJ should be 251+

"Historical ratios"??? The correlation between the two is very recent.

I'm finished with this convo Mr. Markam.

Happy trading!
  • #36,373
  • Oct 3, 2007 7:13am Oct 3, 2007 7:13am
Quoting jarroo
Excellent thoughts. Try and stay with a higher time frame though. 1hr/4hr are good. If this is a start of a long term upward trend (which i think it is). Aus and Karmo stratgies ROCK.

Jim
i generally use the lower TF's for better entries. i seem to have a problem entering on higher TF's. i get in and it goes against me 50-60 pips and i beat myself up for not waiting.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #36,374
  • Oct 3, 2007 7:15am Oct 3, 2007 7:15am
Quoting Syafi
yes looks good .....

4th Trade Buy 236.04 ......
TP SL please calculate yourself from Auslanco 15 minute strategy..
Please check the Chart at 8.00 AM EST the time trade was taken, to review why the trade was taken, you can learn allot.
i thought aus was done for the day. good thing he wasn't, he is gettin' his pips back
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #36,375
  • Oct 3, 2007 7:24am Oct 3, 2007 7:24am
Quoting Mysticdiver
You are pretty good too.
I always read your posts!
No mate, I can't draw the future like Zoran does Thanks for the kind words though.. if I only I followed my own advice and kept my GJ longs!
  • #36,376
  • Oct 3, 2007 7:26am Oct 3, 2007 7:26am
Quoting Pickensrulz
"Historical ratios"??? The correlation between the two is very recent.

I'm finished with this convo Mr. Markam.

Happy trading!
There has always been a correlation between the DOW and GJ (UJ rather.. so GJ as well) This is modeled after computer auto-trades.. which all the hedge funds have set up. I am pretty sure it's the same analytical and programming software they have used for this.

However, everything broke down during the July crash. Funds even reported that they had 'switched off' their computers.. because all the automated trades were running big losses due to the break up in the correlation between the DOW and the Yen crosses.
  • #36,377
  • Oct 3, 2007 7:27am Oct 3, 2007 7:27am
Quoting Hakuna Matata
ggodnight guys--see u all in asian sesh
Night buddy.. get some good rest.. you'll be making your 500 pips tomorrow
  • #36,378
  • Oct 3, 2007 7:34am Oct 3, 2007 7:34am
Quoting Pickensrulz
"Historical ratios"??? The correlation between the two is very recent.

I'm finished with this convo Mr. Markam.

Happy trading!
Now look what you've done, Markam. You just PO'd another 'Johnny come lately'. What are we gonna do if the only ones left in this thread end up being people who really want to trade and learn from others instead of arguing over piddle?
Attached Image
  • #36,379
  • Oct 3, 2007 7:39am Oct 3, 2007 7:39am
Quoting Zoran
Chart is no-where near complete so anything can still happen. Patience....
So close to your 238. You need to get the dow off 14000 to get there.
  • #36,380
  • Oct 3, 2007 7:41am Oct 3, 2007 7:41am
Time for a 30 min retracto anyone???
Or do we need to wait til the top of the hour?
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