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

  • #56,641
  • Dec 30, 2007 6:42am Dec 30, 2007 6:42am
Quoting sri
Anyone noticed the latest prices??

GJ was 224.12 at close and at 0530 AM est,the price stand at

GU 1.9998
UJ 114.00
GJ 227.98

i think that the proces will retace back to or even gap down by open on monday but just surprised at such wide swings ..Never saw such wide swings befor..anyone else see such phenomenon..or is it just end of year rollercoster??


My rates from www.xe.com
I have noticed that XE is sometimes way off. I usually hunt around over the weekend and check 1/2 a dozen times.

228 for GJ is insane. Everyone else has 224-223. I checked GJ at xe.com and it is listed at 223.745?

Where did you find 227.98?


WHERE AERW
  • #56,642
  • Dec 30, 2007 8:08am Dec 30, 2007 8:08am
Good Morning All

In the past I have traded EUR/USD and USD/JPY. I have researched extensively the YEN in the last three months. I have also traded it extensively in the last 6 months more so than EUR/USD.

In my opinion with the substantial unwinding of the Trillion Dollar Plus Carry Trade in the YEN, I feel that the YEN will greatly appreciate in value to the US Dollar. I could see USD/JPY at 102 or less in the next 6 months.

I trade short term but with a decision on the trend for 90 or 180 days ahead as I am a trend trader.

Since I now feel that the GBP will also weaken I intend to start trading GBP/JPY as well. Any input as to where you think GBP/JPY will be trading at in 6 months would be appreciated.

I see on the charts that it traded at 182.00 in 2003. Will we see that again or go under 200.00 by the end of 2008 ?

Thank you in advance for any opinions offered.

The BEST to ALL and GOOD FX trading in 2008.
{Promotion Removed}
  • #56,643
  • Dec 30, 2007 8:31am Dec 30, 2007 8:31am
Quoting Warren Forex
Good Morning All

In the past I have traded EUR/USD and USD/JPY. I have researched extensively the YEN in the last three months. I have also traded it extensively in the last 6 months more so than EUR/USD.

In my opinion with the substantial unwinding of the Trillion Dollar Plus Carry Trade in the YEN, I feel that the YEN will greatly appreciate in value to the US Dollar. I could see USD/JPY at 102 or less in the next 6 months.

I trade short term but with a decision on the trend for 90 or 180 days ahead as I am a trend trader.

Since I now feel that the GBP will also weaken I intend to start trading GBP/JPY as well. Any input as to where you think GBP/JPY will be trading at in 6 months would be appreciated.

I see on the charts that it traded at 182.00 in 2003. Will we see that again or go under 200.00 by the end of 2008 ?

Thank you in advance for any opinions offered.

The BEST to ALL and GOOD FX trading in 2008.
My target (after we finally hit 210) is 175. I expect that within the next 6-12 months. You are correct in your analysis that the yen should strengthen and the pound weaken. If the british housing market and economy does what I expect, the pound may make the dollar look like the picture of health, even as the dollar continues to slowly die.
  • #56,644
  • Dec 30, 2007 11:52am Dec 30, 2007 11:52am
For the sake of those w/ longs. We have this bullish pattern that could hopefully play out. It is sitting on uptrend line support as of right now, and could go as far as 223.90 to stay in the current uptrend. A close below that.... flip a coin.

Happy New Year.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp 1h.gif Size: 32 KB
  • #56,645
  • Dec 30, 2007 12:28pm Dec 30, 2007 12:28pm
Quoting fxstman
For the sake of those w/ longs. We have this bullish pattern that could hopefully play out. It is sitting on uptrend line support as of right now, and could go as far as 223.90 to stay in the current uptrend. A close below that.... flip a coin.

Happy New Year.
fxstman,

can you explain your bullish bat chart, I'm not familar with these types of chart.
  • #56,646
  • Dec 30, 2007 12:49pm Dec 30, 2007 12:49pm
Quoting fxstman
For the sake of those w/ longs. We have this bullish pattern that could hopefully play out. It is sitting on uptrend line support as of right now, and could go as far as 223.90 to stay in the current uptrend. A close below that.... flip a coin.

Happy New Year.
still have two longs open on this.
Hope she goes up a bit.

Thanks to all, for all the insight I've received in this thread.

Happy New Year and happy trading in 2008.

kj
  • #56,647
  • Dec 30, 2007 1:05pm Dec 30, 2007 1:05pm
Quoting mike w
If you try to pick bottom, you will get stinky finger- Confuscious.
You speak from experience surely :
  • #56,648
  • Dec 30, 2007 1:23pm Dec 30, 2007 1:23pm
Just wanna contributes what I had a little about Fx.
I did draw one of my prediction before GJ develop a Bullish Gartley ie to hit arround 222.83 before a retracement up to 61.8 fibo level.
Fibo level not included in the chart.
It's a prediction.Trade what we shall see n not from prediction.
Attached Image (click to enlarge)
Click to Enlarge Name: AO967282-05.jpg Size: 129 KB
  • #56,649
  • Dec 30, 2007 1:39pm Dec 30, 2007 1:39pm
Can you posting your pattern indicator.
Best regards
  • #56,650
  • Dec 30, 2007 2:05pm Dec 30, 2007 2:05pm
Quoting quecee5
fxstman,

can you explain your bullish bat chart, I'm not familar with these types of chart.
Ok, quecee5.
You got me there. I just started using this indicator (zup_67) that draws these patterns out on a chart as they form. I have been watching other users and my charts to see how accurate they are, and they work pretty well. On another note, I some how came up with two large time frame trend lines, one @ 224.20, another @ 223.80. (Probably because I'm still learning) And I think there might be a good chance that it will bottom out there, because @ the moment I don't feel that this is a carry unwind yet. I am still hoping to learn how you all are so good @ seeing when the beast will change direction, is that by fibo's and PA? I still have a lot to read/learn. So if you have any suggestion, I'm open to learning. I will upload this zup_67 indicator if anyone would like to try it out.

Thanks

fxstman
Attached File(s)
File Type: mq4 ZUP_v67.01_WRR.mq4   271 KB | 462 downloads
  • #56,651
  • Dec 30, 2007 2:26pm Dec 30, 2007 2:26pm
Quoting fxstman
Ok, quecee5.
You got me there. I just started using this indicator (zup_67) that draws these patterns out on a chart as they form. I have been watching other users and my charts to see how accurate they are, and they work pretty well. On another note, I some how came up with two large time frame trend lines, one @ 224.20, another @ 223.80. (Probably because I'm still learning) And I think there might be a good chance that it will bottom out there, because @ the moment I don't feel that this is a carry unwind yet. I am still hoping to learn how you all are so good @ seeing when the beast will change direction, is that by fibo's and PA? I still have a lot to read/learn. So if you have any suggestion, I'm open to learning. I will upload this zup_67 indicator if anyone would like to try it out.

Thanks

fxstman
i am using the same indicator as yours.... by now the bullish gartley doesnot appear on my chart, by right i got 1 hr bearish gartley on friday and already played out. Maybe i need to wait for the market to open, to see whether the bullish gartley will appear or not. ANy way, thank for ur chart, i really appreaciate it....
  • #56,652
  • Dec 30, 2007 3:30pm Dec 30, 2007 3:30pm
Quoting vinesh2
Any idea where Karmo has disappeared to? Looks like he's enjoying his pips in one of the World Islands in Dubai
Karmo has been pretty busy with life, I got engaged lately

btw, happy new year everyone
Trade what you see, not what you think.
  • #56,653
  • Dec 30, 2007 3:31pm Dec 30, 2007 3:31pm
happy new year, too
congratulation, dat's da BIG step.
btw can anybody see my messages?
If you do - don't be afraid, if you are afraid - don't do
  • #56,654
  • Dec 30, 2007 3:34pm Dec 30, 2007 3:34pm
Quoting koltri
happy new year, too
congratulation, dat's da BIG step.
btw can anybody see my messages?
Thank you , and yes I can see your posts
Trade what you see, not what you think.
  • #56,655
  • Dec 30, 2007 3:41pm Dec 30, 2007 3:41pm
Quoting fxstman
Ok, quecee5.
You got me there. I just started using this indicator (zup_67) that draws these patterns out on a chart as they form. I have been watching other users and my charts to see how accurate they are, and they work pretty well. On another note, I some how came up with two large time frame trend lines, one @ 224.20, another @ 223.80. (Probably because I'm still learning) And I think there might be a good chance that it will bottom out there, because @ the moment I don't feel that this is a carry unwind yet. I am still hoping to learn how you all are so good @ seeing when the beast will change direction, is that by fibo's and PA? I still have a lot to read/learn. So if you have any suggestion, I'm open to learning. I will upload this zup_67 indicator if anyone would like to try it out.

Thanks

fxstman
fxstman,

Thank for the response. . .
As for suggestions, I would reach out to others on this thread who use that method, maybe they can help or steer you in the right direction. . .
  • #56,656
  • Dec 30, 2007 3:48pm Dec 30, 2007 3:48pm
Quoting karmostaji
Karmo has been pretty busy with life, I got engaged lately

btw, happy new year everyone
A Happy New Year To You And Your Significant Other.

I would appreciate it if you could update your very informative thread on GBP/JPY that I just discovered. Your charts are very informative and revealing.

Thank you
{Promotion Removed}
  • #56,657
  • Dec 30, 2007 3:53pm Dec 30, 2007 3:53pm
Quoting quecee5
fxstman,

Thank for the response. . .
As for suggestions, I would reach out to others on this thread who use that method, maybe they can help or steer you in the right direction. . .
Thank You.
As for learning, I am just looking all in general. No particular method. I thought I would ask you of that because I have been in this thread for months now and have noticed your experience in the market. Good luck in the new year and best of pips to you.

fxstman
  • #56,658
  • Dec 30, 2007 4:24pm Dec 30, 2007 4:24pm
hi guys,

Just want to share my thoughts on g/u.

I have already longed g/u @ 1.9948 , Targeting 2.0100 with a 60pips SL.

We have a double bottom on H1 and H4 and candlesticks on the H4 and daily looks good for a run up.

If only US news today, I guess g/u will continue its trend up.

If any of you guys have any other views, pls share. Thanks.
  • #56,659
  • Dec 30, 2007 4:27pm Dec 30, 2007 4:27pm
Another interesting pair I wish to trade is e/g which is showing signs of toppiness, I might just short a small lot and let it run for a week
  • #56,660
  • Dec 30, 2007 4:33pm Dec 30, 2007 4:33pm
Quoting karmostaji
Karmo has been pretty busy with life, I got engaged lately

btw, happy new year everyone
Thats great karmo, congratulations to you and your bride to be!!!!!
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