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

  • #61,061
  • Feb 6, 2008 9:30am Feb 6, 2008 9:30am
i will build shorts at 209.90 and 210.30 area on the way up.
  • #61,062
  • Feb 6, 2008 9:42am Feb 6, 2008 9:42am
I've been screaming short only for a while, but I am going long today with 1/2 position, target is 210.50 area, which is about 50% retrace from this move down on the 4hr and significant resistance. Stop is at 207.50

I am still bearish for Thursday, Friday though.
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  • #61,063
  • Feb 6, 2008 9:44am Feb 6, 2008 9:44am
Quoting lepiricus
I've been screaming short only for a while, but I am going long today with 1/2 position, target is 210.80 area, which is 50% retrace from this move down on the 4hr. Stop is at 207.50

I am still bearish for Thursday, Friday though.
yep. sell rallies as long 214 holds
  • #61,064
  • Feb 6, 2008 9:46am Feb 6, 2008 9:46am
we are still in consolidation. Range is 213 to 208. Bottom was tested today. Needs to test upside next unless a panic sell occurs.
  • #61,065
  • Feb 6, 2008 9:54am Feb 6, 2008 9:54am
http://img143.imageshack.us/img143/2033/gjsd7.gif
Trade what you see, not what you think.
  • #61,066
  • Feb 6, 2008 9:59am Feb 6, 2008 9:59am
expecting rate cut tommorow. if boe cut more than .25 then gj could reach 204 once again
kip it simpel when inn doubt stay out... (Trade at your own risk)
  • #61,067
  • Feb 6, 2008 10:39am Feb 6, 2008 10:39am
Q, what trading platform do you use just curious. I am thinking of changing brokers IBFX sucksssss cant give that 9 pips spread anymore and they always get stuck during order process. Beginning to dislike them
  • #61,068
  • Feb 6, 2008 11:58am Feb 6, 2008 11:58am
hey every1... just wanted to see what you all thought about the rate cut tomorrow? in ur opinion, what do you think it will do if to gbp/jpy if they cut .25? and wat if they cut .50?
  • #61,069
  • Feb 6, 2008 12:08pm Feb 6, 2008 12:08pm
Quoting hcruces
hey every1... just wanted to see what you all thought about the rate cut tomorrow? in ur opinion, what do you think it will do if to gbp/jpy if they cut .25? and wat if they cut .50?
IMO,

.25 = UP coz it's already priced in
.50 = DOWN
Trade what you see, not what you think.
  • #61,070
  • Feb 6, 2008 12:11pm Feb 6, 2008 12:11pm
And they have already made it clear that it will be no more than 25 points.
Gone to a better place
  • #61,071
  • Feb 6, 2008 3:21pm Feb 6, 2008 3:21pm
Quoting vinesh2
Q, what trading platform do you use just curious. I am thinking of changing brokers IBFX sucksssss cant give that 9 pips spread anymore and they always get stuck during order process. Beginning to dislike them
mt4 - metatrader, but only use this to chart. My broker is
www.forex.com, same pip spread tho. . .
  • #61,072
  • Feb 6, 2008 3:25pm Feb 6, 2008 3:25pm
Q have you played around with MB Trading? I hear about that a lot in that other room
  • #61,073
  • Feb 6, 2008 4:12pm Feb 6, 2008 4:12pm
Quoting vinesh2
Q have you played around with MB Trading? I hear about that a lot in that other room
not sure what MB trading is, please elaborate. . .
  • #61,074
  • Feb 6, 2008 4:18pm Feb 6, 2008 4:18pm
its actually mbtrading. FX vendor with low spreads and all. GJ is like 5 pips and some times 4 plus comission. Jason and Hakuna are using them from that other site
  • #61,075
  • Feb 6, 2008 4:32pm Feb 6, 2008 4:32pm
Quoting vinesh2
its actually mbtrading. FX vendor with low spreads and all. GJ is like 5 pips and some times 4 plus comission. Jason and Hakuna are using them from that other site
  • #61,076
  • Feb 6, 2008 4:48pm Feb 6, 2008 4:48pm
How do you guys see the GY movements in the next few hours before the first GBP news released: up or down?
  • #61,077
  • Feb 6, 2008 4:48pm Feb 6, 2008 4:48pm
Quoting vinesh2
its actually mbtrading. FX vendor with low spreads and all. GJ is like 5 pips and some times 4 plus comission. Jason and Hakuna are using them from that other site
Yes, the only problem is that you cannot use MT4 or VT as platforms... as far as I know.
  • #61,078
  • Feb 6, 2008 5:20pm Feb 6, 2008 5:20pm
Quoting Michi
Yes, the only problem is that you cannot use MT4 or VT as platforms... as far as I know.
You don't have to use their charting, in fact I'm not sure they even have any - just use a MT4 demo account - they might not correlate perfectly (might be 3 -5 pips out on their feed at the most) but unless your analysis requires super pip perfect accuracy matching the feed on the navigator then it's not going to be an issue.
  • #61,079
  • Feb 6, 2008 6:41pm Feb 6, 2008 6:41pm
what do u guys think in G/J????????
  • #61,080
  • Feb 6, 2008 9:24pm Feb 6, 2008 9:24pm
Looks like the thread is dying quickly...what a shame.
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