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

  • #42,401
  • Oct 21, 2007 3:03pm Oct 21, 2007 3:03pm
Quoting mktjong
Seriously guys, my broker is showing 235.32 on the bid, what is your quote at Oanda or other brokers, please let know ASAP.. I plan to trade soon as there is huge different? http://www.forexfactory.com/images/icons/icon10.gif
Thanks much.
234.55 now
  • #42,402
  • Oct 21, 2007 3:06pm Oct 21, 2007 3:06pm
Quoting mktjong
Seriously guys, my broker is showing 235.32 on the bid, what is your quote at Oanda or other brokers, please let know ASAP.. I plan to trade soon as there is huge different? http://www.forexfactory.com/images/icons/icon10.gif
Thanks much.
I just picked up 70 pipis with fxsol got in at 235.32
  • #42,403
  • Oct 21, 2007 3:06pm Oct 21, 2007 3:06pm
Quoting fxstman
Oanda-234.55 and going up now

man.. the price just drop 100 pips, its system has a problem . I guess.. but I missed it. It drops 100 pips in a matter of seconds.
  • #42,404
  • Oct 21, 2007 3:09pm Oct 21, 2007 3:09pm
Quoting cdavis5766
I just picked up 70 pipis with fxsol got in at 235.32
shoottt .. you are really lucky man .. I was still confuse as trying to figure out what is going on ..and the price just dropped 100 pips http://www.forexfactory.com/images/icons/icon10.gif .. unbelievable.
  • #42,405
  • Oct 21, 2007 3:16pm Oct 21, 2007 3:16pm
Quoting Ash
I agree with you. There are too many factor's wieghing in on USD weakness. Market sentiment, losses being reported by major corporations, defaults on AAA and sub-prime loans, high oil prices (we might even see $100 or close very soon due to developments in Iraq/Nigeria, subtle threats against the China in regards to the Yuan, etc. USD weakness has already ringing alarm bells around the world and is not being taken likely. I expect the ECB, BOE BOJ to lower rates by the end of the year. No one wants a weak $. Services and Goods will only become more costly to sell to the US.
You expect BOJ to lower rates?
I'm not much of a fundies guy but everything I've read about BOJ pointed to a rate increase before 2008, possibly next month.
  • #42,406
  • Oct 21, 2007 3:23pm Oct 21, 2007 3:23pm
Quoting RoWkIlLa
You expect BOJ to lower rates?
I'm not much of a fundies guy but everything I've read about BOJ pointed to a rate increase before 2008, possibly next month.
Yeah, that's what everyone wants them to do but if their economy isn't going anywhere, the $ dollar is weak and their goods cost more, does anyone really expect them to increase rates when their industries will suffer? (Everything that I post is my own personal opinion)
Humble Lifetime Member
  • #42,407
  • Oct 21, 2007 3:36pm Oct 21, 2007 3:36pm
Quoting nitman
Time to switch to OANDA. I entered my trade early Sunday morning to avoid negative interest for shorting. I like this kind of Sundays!
Just curious,
Is this the first time you trade with Oanda?
They charge interest from the very first second you enter the trade, and they'll charge your account either @ 4:00 EDT or when you close the trade, whichever comes first.

Orca
New voice message: Why are you calling me? If I need you, I'll call you!
  • #42,408
  • Oct 21, 2007 3:44pm Oct 21, 2007 3:44pm
Quoting KillerWhale
Just curious,
Is this the first time you trade with Oanda?
They charge interest from the very first second you enter the trade, and they'll charge your account either @ 4:00 EDT or when you close the trade, whichever comes first.

Orca
Just my two cents. I have been using them in two ways. Carry trading and intraday. So when I have interest neg. trades going, my carry helps off set the interest being paid. During interest neg. trades I still for the most part come out ahead when they pay up @ 4:00 EDT. In the five months that I have been doing this, my account has grown pretty good just off the interest.
  • #42,409
  • Oct 21, 2007 4:03pm Oct 21, 2007 4:03pm
wow my broker opened at 234.38! wow...thats quite a gap...

Time for it to close....
  • #42,410
  • Oct 21, 2007 4:05pm Oct 21, 2007 4:05pm
just a question...why should gaps necessarily close?
  • #42,411
  • Oct 21, 2007 4:10pm Oct 21, 2007 4:10pm
Quoting MoForce
wow my broker opened at 234.38! wow...thats quite a gap...

Time for it to close....
Im just trying to figure out why my broker is holding 20 pips right now?
  • #42,412
  • Oct 21, 2007 4:13pm Oct 21, 2007 4:13pm
gap looks kind of closed...
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  • #42,413
  • Oct 21, 2007 4:15pm Oct 21, 2007 4:15pm
Quoting emda
gap looks kind of closed...
Kind of but I'm still in until 233.30...gaps aren't always close right away...sometimes it takes the entire day
  • #42,414
  • Oct 21, 2007 4:19pm Oct 21, 2007 4:19pm
Hi guys,

Would like to ask the expert's opinion about the correlation of gbp/usd and gbp/jpy.

If not mistaken during the last great fall from 251 , g/u also did fall badly.

So can we see that again if g/j falls rapidly, then g/u will follow suit?
  • #42,415
  • Oct 21, 2007 4:20pm Oct 21, 2007 4:20pm
Quoting uncleforex
Hi guys,

Would like to ask the expert's opinion about the correlation of gbp/usd and gbp/jpy.

If not mistaken during the last great fall from 251 , g/u also did fall badly.

So can we see that again if g/j falls rapidly, then g/u will follow suit?
Which is why I'm saying G/U will reach 2.07 first and G/J retrace up until around 237 and from there both collapse...markets are in no position to collapse just yet....but are very close


but otherwise yes if G/J goes down so does G/U
  • #42,416
  • Oct 21, 2007 4:23pm Oct 21, 2007 4:23pm
Quoting MoForce
Which is why I'm saying G/U will reach 2.07 first and G/J retrace up until around 237 and from there both collapse...markets are in no position to collapse just yet....but are very close


but otherwise yes if G/J goes down so does G/U
Hrrm okay. But I think g/u will retest 2.0500 support soon b4 deciding going up further or going straight down because of massive gbp/jpy selling.
  • #42,417
  • Oct 21, 2007 4:25pm Oct 21, 2007 4:25pm
Quoting uncleforex
Hrrm okay. But I think g/u will retest 2.0500 support soon b4 deciding going up further or going straight down because of massive gbp/jpy selling.
right
  • #42,418
  • Oct 21, 2007 4:26pm Oct 21, 2007 4:26pm
Quoting uncleforex
Hi guys,

Would like to ask the expert's opinion about the correlation of gbp/usd and gbp/jpy.

If not mistaken during the last great fall from 251 , g/u also did fall badly.

So can we see that again if g/j falls rapidly, then g/u will follow suit?
Back in August, we saw a preview of carry trades unwinding. I do not see that right now. The only thing happening right now is $ weakness. we should see some fireworks in the very near future (maybe in a few days but no more than a few weeks from now).
Humble Lifetime Member
  • #42,419
  • Oct 21, 2007 4:34pm Oct 21, 2007 4:34pm
aus,hk, or karmo or any of the guys with some history with this pair.

Should this hover in this area for awhile this evening, or can we start to expect the retrace sometime soon? Also will 235.5 provide resistance as it did in september?
  • #42,420
  • Oct 21, 2007 4:37pm Oct 21, 2007 4:37pm
Weekly:
Price retracemnet upto 237.70 area within this week. If it breaks 237. 70,
239.30 or possibly 241.50+.
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