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

  • #69,261
  • Mar 17, 2008 10:32pm Mar 17, 2008 10:32pm
Quoting mktjong
Slow down man .. heehe. You ask for it and it is giving to you (I meant scalping .. )
It is coming down soon lol.

lool maybe coz its 4: 30am and i need to sleep lol
  • #69,262
  • Mar 17, 2008 10:54pm Mar 17, 2008 10:54pm
Quoting warta
lool maybe coz its 4: 30am and i need to sleep lol
Cross finger... hope not to be stop out at 194.48
No Magic, Just basic fundamental chart analysis
  • #69,263
  • Mar 17, 2008 11:01pm Mar 17, 2008 11:01pm
TP1 - 192.86
TP2 - 189.15

SL @ 194.85

we'll see ....
  • #69,264
  • Mar 17, 2008 11:06pm Mar 17, 2008 11:06pm
Quoting dogol
TP1 - 192.86
TP2 - 189.15

SL @ 194.85

we'll see ....
Care to share the reason why your shorting at 194.35?
Indicators show the past. Price Action "Indicates" the future.
  • #69,265
  • Mar 17, 2008 11:09pm Mar 17, 2008 11:09pm
Quoting warta
bull or bear ? lol
I am both

bull for 1 hour bear the next . The beauty of trading off the 5 min chart
Blogging daily now at www.volume.zone
  • #69,266
  • Mar 17, 2008 11:19pm Mar 17, 2008 11:19pm
Quoting malcolmb14
I am both

bull for 1 hour bear the next . The beauty of trading off the 5 min chart
u r right but ur max profit with every lot can be 10 pips
  • #69,267
  • Mar 17, 2008 11:23pm Mar 17, 2008 11:23pm
Quoting slide
1)By 75..there will be nothing left to intervene for. The only reaon they didn't so far is no one can halt a speculative downtrend.It has to cool down by itself.
2)Same as the first, an earlier intervention would have been of less effect, knowing the crisis from inside.
3) Here you make a big mistake. Visa is not a bank, they are not making their profits from people's monthly payments, but from banks who issue Visas and and collect that cash. Plus commercial bank sector has not been affected by current crisis.
Good point on #3 , however it is still in the same sector as banks in the stock world. If bank sector goes down , likely that it will take visa with it is high.

Point 2) Why did the feds injected $200 million into the markets a few days before the interest rate comes out ?(with little effect) Also why reduce the discount rate on a Sunday night ? I think they are trying to soften the blow , but I might be off base. If the Feds do not give the market what it wants tomorrow then the bear market will carry on it's down trend.

I have business associates that are moving all their money offshore, away from US banks , they are that concerned.

I have a theory ... conspiracy theory....the sub prime issues might make JPY very strong. Wonder who owns JP Morgan ? Bet his surname is Nakagawa.

good debate.
Blogging daily now at www.volume.zone
  • #69,268
  • Mar 17, 2008 11:34pm Mar 17, 2008 11:34pm
On the break of 193.77 i am shorting to 190.
  • #69,269
  • Mar 17, 2008 11:38pm Mar 17, 2008 11:38pm
Quoting warta
u r right but ur max profit with every lot can be 10 pips
I do position trade , EURCAD is the one I like as it moves in very nice orderly waves ,(I have been in a long since 1.4876) whereas GBPJPY moves in these massive 500 pip wide bands. I do not like my account being drawn down that much.

So I day trade GBPJPY. , scalping is different , if you scalp you are going with large lots for 10 - 20 pips a time.

I traded gbpjpy for 100 pip drop today at close (40 min)

Think this is a daily chart below ? Nope 1 min. If you know how to trade channels it is good pipping. I traded this also .

I did not trade gbpjpy during the morning as i traded YM instead (dj-30 emini futures) that move 2 times what the GBPJPY moves in a day.

When you trade on a 5 min chart , you have to pick the time you are in the markets , some times are more volatile than others. I typically like to trade Euro / USD overlap as there are always good trades to be made . I also love the last 1.5 hours of US market close as there seems to be some good trades to be had at that time also these days. Today for example there was lots of longs taking proifit at end of market that dropped the indexes quickly, and dragged the gbpjpy down with it. Look back at Friday last week we had a nice move up in the GBPJPY from 11:30 am (Pacific standard time) on as short covering was taking place in the stock markets. The indices and GBPJPY are still very much connected.

Targets in this volatile market 100 - 150 pips per day , which is VERY achievable.

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #69,270
  • Mar 17, 2008 11:44pm Mar 17, 2008 11:44pm
Here you go folks.. If you are short, Watch out..

GJ could Breakout to the upside
Attached Image (click to enlarge)
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  • #69,271
  • Mar 17, 2008 11:48pm Mar 17, 2008 11:48pm
The Truth About the US Dollar
Inserted Video


See this video , if you dare ..... !

It starts off talking about Jim Cramer ,
- but just watch it and it will discuss the Us Dollar
and explain what's really going on ........

---------------------------------------------------
////////////////////////////////////////////////////////////

http://www.learncurrencytrading.com/...c/progress.gif http://www.learncurrencytrading.com/...ttons/edit.gif

  • #69,272
  • Mar 17, 2008 11:49pm Mar 17, 2008 11:49pm
Quoting auslanco
Here you go folks.. If you are short, Watch out..

GJ could Breakout to the upside

Thanks Aus
  • #69,273
  • Mar 17, 2008 11:52pm Mar 17, 2008 11:52pm
If I ain't mistaken, many times a day before the FED announcement, the movement or trend develops in Asia prolongs to after the announcement. It seems that Asia already knows the outcome. Do they have inside news or simply have more money to steer the trend. No idea
I know, it sounds controversial but we can take advantage of it
Please correct me if am wrong, thanks.
  • #69,274
  • Mar 17, 2008 11:52pm Mar 17, 2008 11:52pm
Hi Spanishfly ... sent you a PM, did you get a chance to read it ? Waiting for your response.

Regards
  • #69,275
  • Mar 17, 2008 11:53pm Mar 17, 2008 11:53pm
Quoting auslanco
Here you go folks.. If you are short, Watch out..

GJ could Breakout to the upside
The current movement seems dictate it .. at least for a short term .. maybe
  • #69,276
  • Mar 17, 2008 11:56pm Mar 17, 2008 11:56pm
HI,
I want know, how to exit hedge,because i have a 2 currency hedge, GBP/JPY and Gold
Tanx
  • #69,277
  • Mar 18, 2008 12:06am Mar 18, 2008 12:06am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting malcolmb14
Good point on #3 , however it is still in the same sector as banks in the stock world. If bank sector goes down , likely that it will take visa with it is high.

Point 2) Why did the feds injected $200 million into the markets a few days before the interest rate comes out ?(with little effect) Also why reduce the discount rate on a Sunday night ? I think they are trying to soften the blow , but I might be off base. If the Feds do not give the market what it wants tomorrow then the bear market will carry on it's down trend.

I have business associates that are moving all their money offshore, away from US banks , they are that concerned.

I have a theory ... conspiracy theory....the sub prime issues might make JPY very strong. Wonder who owns JP Morgan ? Bet his surname is Nakagawa.

good debate.
:surprised ...Wait a minute Malcolmb. What you're proposing here is mind-blowing man. Are you saying that the dollar is being left to depreciate against the Yen because of potential Asian interests. I'm not sure I buy it (no pun intended). Actually, now that I think about it, you may be onto something because U.S. officials saying "We're in favor of a strong dollar.", let's cut rates some more.... And BOJ is not intervening either.

Hmmm, Well why would they "favor a strong dollar" and do the opposite unless...

But wait - What about the Swissie? Where do they factor in???

I think the conspiracy theory holds true if we find out CEO of Swiss Army Knives also is part owners of J.P. Morgan.
"Wishful thinking dies hard." Igor T.
  • #69,278
  • Mar 18, 2008 12:28am Mar 18, 2008 12:28am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting mktjong
If I ain't mistaken, many times a day before the FED announcement, the movement or trend develops in Asia prolongs to after the announcement. It seems that Asia already knows the outcome. Do they have inside news or simply have more money to steer the trend. No idea
I know, it sounds controversial but we can take advantage of it
Please correct me if am wrong, thanks.
Hmm. I've never heard of this, but am interested if anyone else has noticed this.
"Wishful thinking dies hard." Igor T.
  • #69,279
  • Mar 18, 2008 12:59am Mar 18, 2008 12:59am
so where we going tonight up or down
  • #69,280
  • Mar 18, 2008 1:21am Mar 18, 2008 1:21am
hey i short early today on asian session n there was a rejection. now UJ suddenly reversing up.

i smell BULLISH
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