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turn 1 to 100'S : Straight Foward Trades

  • #81
  • Dec 18, 2007 9:11pm Dec 18, 2007 9:11pm
quick noob question? if the rate cut outcome is a vote to cut how is that bullish for the gbp? isnt cutting interest rates hurt the currency since its now a lower yielding interest rate? im a bit unsure of this...sorry
  • #82
  • Dec 18, 2007 9:17pm Dec 18, 2007 9:17pm
Quoting turn1to100
FTSE 100 (UKX)
6290.70 +12.90 (+0.21%
LIKE I SAID LOOK AT THE FTSE100 IS UP.6PMEST QUOTE!




what a genius method!!! very nice one question though where do u get the info at 5pm-6pm est that shows the ftse? and waht time do u look for dow? are u looing at dow futures or dow itself? nikkei?
  • #83
  • Dec 18, 2007 9:20pm Dec 18, 2007 9:20pm
Quoting bullish84
quick noob question? if the rate cut outcome is a vote to cut how is that bullish for the gbp? isnt cutting interest rates hurt the currency since its now a lower yielding interest rate? im a bit unsure of this...sorry
It's bullish for the pair. G/J.
  • #84
  • Dec 18, 2007 9:20pm Dec 18, 2007 9:20pm
for all indexes market prices with respect to their local time zones you can use tradethenews.com
  • #85
  • Dec 18, 2007 9:42pm Dec 18, 2007 9:42pm
Sorry Guys I will be back to answer all those????? at 5am EST I have to go.
  • #86
  • Dec 19, 2007 4:11am Dec 19, 2007 4:11am
see how the GBP/JPY has been selling from the cut and should recover like the USDJPY did
Quoting turn1to100
yea thats what happened with USDJPY on DEC11 at 2pm/Est sold then been buying since
  • #87
  • Dec 19, 2007 4:30pm Dec 19, 2007 4:30pm
It does
Quoting bullish84
quick noob question? if the rate cut outcome is a vote to cut how is that bullish for the gbp? isnt cutting interest rates hurt the currency since its now a lower yielding interest rate? im a bit unsure of this...sorry
  • #88
  • Dec 19, 2007 4:56pm Dec 19, 2007 4:56pm
lol still a bit unclear, so a cut is bearish for the gbp congruent with todays bearish momentum correct?
  • #89
  • Dec 19, 2007 5:10pm Dec 19, 2007 5:10pm
Quoting bullish84
lol still a bit unclear, so a cut is bearish for the gbp congruent with todays bearish momentum correct?

a cut in gpb is bad for gpb but gbp/jpy takes into account usd/jpy as well so it isnt always the case that gdp/usd goes up therfore gdp/jpy should go up not always so.... currencies are pegged to the usd historically so always consider gdp/usd usd/jpy when trying to trade gdp/jpy ...
hope that helps.....

it gets very confusing also because the dow affects the ftse and vice versa and they are correlated to the movement of the pound and the dollar.....and then you must consider the nikkei for the direction of jpy....also, it gets muddy cause the british pound and the us economy have historically been connected and rise and fall together but not always the case..... and subsequently the gpb/jpy is not clear cut.....now that thats all clear lol ..... but generally gdp cut = bad for gdp currency...... but then you must consider to what extent it has already been priced in..... and then to what extent a vote like last night is forecasting future cuts for gdp....so basically its very difficult
  • #90
  • Dec 19, 2007 5:17pm Dec 19, 2007 5:17pm
no that cleared everything up, the vote last nite was a landslide and obviously was expose to be a 7-2 split not a 9-0 landslide so that was a bit unexpected like last weeks usd rate cut was a .25 instead of .50....its all coming together now...

lets see the g/j is now ranging between 226.60 and 226...Maybe wait for the tokyo to open and see where the nikkei goes?

what do you all think?
  • #91
  • Dec 19, 2007 5:39pm Dec 19, 2007 5:39pm
yes but long term helps boost economy
Quoting bullish84
lol still a bit unclear, so a cut is bearish for the gbp congruent with todays bearish momentum correct?
  • #92
  • Dec 19, 2007 5:53pm Dec 19, 2007 5:53pm
Quoting turn1to100
yes but long term helps boost economy
The thing is, when the rate is cut for the cable or the dollar, people come out of the carry trade. That's what we saw today.
  • #93
  • Dec 19, 2007 6:09pm Dec 19, 2007 6:09pm
Quoting blueruby
The thing is, when the rate is cut for the cable or the dollar, people come out of the carry trade. That's what we saw today.

good point.... so is the carry going to nosedive in 2008? thats the real question.... hey 1-100 i am not sure how you are making your calls.... can you pm me so i can learn to see what you are seeing? thanks in advance
  • #94
  • Dec 19, 2007 6:25pm Dec 19, 2007 6:25pm
Attached Image (click to enlarge)
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Quoting dagoods
good point.... so is the carry going to nosedive in 2008? thats the real question.... hey 1-100 i am not sure how you are making your calls.... can you pm me so i can learn to see what you are seeing? thanks in advance
  • #95
  • Dec 19, 2007 6:28pm Dec 19, 2007 6:28pm
Attached Image (click to enlarge)
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Quoting turn1to100
Attachment
  • #96
  • Edited Dec 20, 2007 3:30am Dec 19, 2007 7:20pm | Edited Dec 20, 2007 3:30am
Buy GBPJPY at226.15 1hr 100SMA...
Limit227.00
If you want at stop 225.19 is ok
I will hedge if I get in the hole and take profit from225.50 take profit at 224.20.Short



Quoting turn1to100
Attachment
  • #97
  • Dec 19, 2007 7:49pm Dec 19, 2007 7:49pm
1to100 you think that the market can retrace up to 227 before it could head down futher? what information or signals are you utilizing to give you this call? I see bearish on the 4hr and a sideways channel on the 30min ( 226.60-226.00)
  • #98
  • Dec 19, 2007 8:28pm Dec 19, 2007 8:28pm
does anyone see the weak hidden bearish divergence we have from the high of 17:00 to now?
  • #99
  • Dec 19, 2007 9:01pm Dec 19, 2007 9:01pm
chance is yes the nikki225 is up 110points...Which should have been helping the buy but there is divergence..
Quoting bullish84
1to100 you think that the market can retrace up to 227 before it could head down futher? what information or signals are you utilizing to give you this call? I see bearish on the 4hr and a sideways channel on the 30min ( 226.60-226.00)
  • #100
  • Dec 19, 2007 9:12pm Dec 19, 2007 9:12pm
i think the market is waiting for Fukui to speak to decide where its gonna go...what time is "tentative" lol
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