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

  • #84,201
  • May 25, 2008 1:34pm May 25, 2008 1:34pm
Quoting shakesfx
Can't post the chart at the moment, but Orion that looks like serious divergence to me on Oil. How would a drop to $110 on OIL affect G/J in your opinion?

dont waste your time finding corelations between things, it doesnt exist. Better ? is when money comes out of that where will it go, Risk appetite is rising, Those who bought the bottom of geppy wont have to liquidate until they are around 4 % below their entry prices. the carry is about borrowing monies cheap and putting it to work in other assets around the world, whatever that might be.
"Millionaires don't use astrology, billionaires do"
  • #84,202
  • May 25, 2008 1:35pm May 25, 2008 1:35pm
Is that massive divergence...(the kind that ends in tears that I see?)

Also, your daily trendlines look like the same on my charts when using t3....I'm not bieng funny, but are you Long Orion, or just commenting on where we might go if price reaches certain points? I ask as you've written LOL on your higher resistance point on the g/j chart.
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  • #84,203
  • May 25, 2008 1:40pm May 25, 2008 1:40pm
Quoting shakesfx
Is that massive divergence...(the kind that ends in tears that I see?)

Also, your daily trendlines look like the same on my charts when using t3....I'm not bieng funny, but are you Long Orion, or just commenting on where we might go if price reaches certain points? I ask as you've written LOL on your higher resistance point.
Will be tears of joy for me, having to fill my tank up. Canadian tar sands is the richest deposit of reserves, surpassing all OPEC nations combined. Now they can extrract for under 12$ barrel. Refineries being built in East coast Canada NB. Not to mention Massive bullish uranus cycle ending. OIL GOLD and others going to dirt. Professionals have been selling assets into this rally, never swamping the demand but just giving enough offer to keep the fire going. IMO


I am not long atm, but will be getting long monday at some point and staying that way unless something changes. Yes i beliew we will be testing that area at some point.
"Millionaires don't use astrology, billionaires do"
  • #84,204
  • May 25, 2008 1:47pm May 25, 2008 1:47pm
Quoting OrionsWay
I am not long atm, but will be getting long monday at some point and staying that way unless something changes. Yes i beliew we will be testing that area at some point.

Thankyou Orion, I know you don't normally like to make calls on a forum, but I appreciate it. I really believe everything is going to change this/next week and that most pairs are ready to break out of ranges/reverse trends. We all read charts differently, which is why I enjoy seeing different traders opinions on FF. Happy trading bro, lets see if it works out.
  • #84,205
  • May 25, 2008 2:49pm May 25, 2008 2:49pm
I see a very wealthy and famous person has been banned.

Anyway.......GU does look very nice for a short....
Patience + Discipline - Greed = Success
  • #84,206
  • Edited 2:55pm May 25, 2008 2:52pm | Edited 2:55pm
Quoting OrionsWay
Will be tears of joy for me, having to fill my tank up. Canadian tar sands is the richest deposit of reserves, surpassing all OPEC nations combined. Now they can extrract for under 12$ barrel. Refineries being built in East coast Canada NB. Not to mention Massive bullish uranus cycle ending. OIL GOLD and others going to dirt. Professionals have been selling assets into this rally, never swamping the demand but just giving enough offer to keep the fire going. IMO


I am not long atm, but will be getting long monday at some point and staying that way unless something changes. Yes i beliew we will be testing that area at some point.

I live in New Brunswick so I can tell you that your on track. There hasn't been a new refinery built in Canada in 25 years and now they have 3 on the books.

here's some info you might find helpful
http://www.newswire.ca/en/releases/a...tml?view=print
  • #84,207
  • May 25, 2008 3:57pm May 25, 2008 3:57pm
hey there. hope everyone had a good weekend (u too shakes)

if u want to talk about reversals, 3-4 days ago i asked Jacko on this thread to take a look at the Euro daily chart and tell me what he sees. there's also a MASSIVE bearish divergence and what seems to be a head and shoulders formation threatening price to fall back to 1.45. this is a sigh of dollar STRENGTH. and i really wonder what that would do to both.

now about oil. a week or so ago, someone asked on this thread too about oil and what we think, i did say that waiting till 110 and buying from there would be a good idea. i was basing my decision on the same bearish divergence. BUT, since price was making higher highs, i expected it to reach 132 several days later. the acceleration of price could only mean one thing as u guys have mentioned. and that is a same acceleration in decline. Saudi Arabia and a bunch of other OPEC nations have been yelling lately about how demand is getting LOWER on oil recently (on tv), only to hear the TOTAL opposite in western media. only for me to conclude this IS a total freagin conspiracy. who knows what the big boys have for us.

but again, i do think we're up for a strengthening dollar in the coming weeks.

GJ on the other hand have been acting REALLY weird lately, and i cannot accept the idea it will make lower lows IF all the other currencies reversed. we might have a very "fast" fall before a reversal, so keep cautious.

that's only what i think.

Quoting shakesfx
Thankyou Orion, I know you don't normally like to make calls on a forum, but I appreciate it. I really believe everything is going to change this/next week and that most pairs are ready to break out of ranges/reverse trends. We all read charts differently, which is why I enjoy seeing different traders opinions on FF. Happy trading bro, lets see if it works out.
  • #84,208
  • May 25, 2008 3:59pm May 25, 2008 3:59pm
i'm not sure if he did that to me alone, but he sent me over 35 PMs in 2 days. i had to ignore him and ask him not to send anything...... i just hope he doesn't bother any of u as he did to me with a "different" id.

Quoting Infinity
I see a very wealthy and famous person has been banned.

Anyway.......GU does look very nice for a short....
  • #84,209
  • May 25, 2008 4:08pm May 25, 2008 4:08pm
price is 204.44, no gap...
  • #84,210
  • May 25, 2008 4:10pm May 25, 2008 4:10pm
Is anyone using & having problems with VT platform after the last upgrade, about a week ago? My demo account candles are not tracking with the price and I just had a postion close out for some reason. Unless the GJ spiked to 203 or 208 in the last 10 minutes it shouldn't have closed it out.
  • #84,211
  • May 25, 2008 4:23pm May 25, 2008 4:23pm
Quoting lilmoe
hey there. hope everyone had a good weekend (u too shakes)

if u want to talk about reversals, 3-4 days ago i asked Jacko on this thread to take a look at the Euro daily chart and tell me what he sees. there's also a MASSIVE bearish divergence and what seems to be a head and shoulders formation threatening price to fall back to 1.45. this is a sigh of dollar STRENGTH. and i really wonder what that would do to both.

now about oil. a week or so ago, someone asked on this thread too about oil and what we think, i did say that waiting till 110 and buying from there would be a good idea. i was basing my decision on the same bearish divergence. BUT, since price was making higher highs, i expected it to reach 132 several days later. the acceleration of price could only mean one thing as u guys have mentioned. and that is a same acceleration in decline. Saudi Arabia and a bunch of other OPEC nations have been yelling lately about how demand is getting LOWER on oil recently (on tv), only to hear the TOTAL opposite in western media. only for me to conclude this IS a total freagin conspiracy. who knows what the big boys have for us.

but again, i do think we're up for a strengthening dollar in the coming weeks.

GJ on the other hand have been acting REALLY weird lately, and i cannot accept the idea it will make lower lows IF all the other currencies reversed. we might have a very "fast" fall before a reversal, so keep cautious.

that's only what i think.
Thanks lilmoe, I had a great weekend, hope you did too.

Looking forward to see where the next few days take us...Still holding these Longs until we breach mid 203...If we reach that point I'll stand aside and wait, because, as you said there could be a rapid fall so the big boys can get a good price. I'm just wondering if the Banks that bought at this level are prepared to defend it...next 48/72 hours should tell IMHO.

Here's to a profitable trading week
  • #84,212
  • May 25, 2008 4:25pm May 25, 2008 4:25pm
Now VT shows that there was a spike down to 201.87?? But closed out at current price at the time of 204.55
  • #84,213
  • May 25, 2008 4:30pm May 25, 2008 4:30pm
Quoting SuperV900
Now VT shows that there was a spike down to 201.87?? But closed out at current price at the time of 204.55

No....don't worry, def. a platform issue bro, went to Low of 204.32 on open of my platform and now at 204.71.
  • #84,214
  • May 25, 2008 4:33pm May 25, 2008 4:33pm
Quoting shakesfx
No....don't worry, def. a platform issue bro, went to Low of 204.32 on open of my platform and now at 204.71.
Guess so.. my live trade platfrom is fine and counting the pips up...
  • #84,215
  • May 25, 2008 4:43pm May 25, 2008 4:43pm
Quoting shakesfx
Thanks lilmoe, I had a great weekend, hope you did too.

Looking forward to see where the next few days take us...Still holding these Longs until we breach mid 203...If we reach that point I'll stand aside and wait, because, as you said there could be a rapid fall so the big boys can get a good price. I'm just wondering if the Banks that bought at this level are prepared to defend it...next 48/72 hours should tell IMHO.

Here's to a profitable trading week

and to all the good people here!

cheers
  • #84,216
  • May 25, 2008 5:02pm May 25, 2008 5:02pm
Quoting SuperV900
Now VT shows that there was a spike down to 201.87?? But closed out at current price at the time of 204.55
I'm using VT on a live account and it seems to be fine
  • #84,217
  • May 25, 2008 5:05pm May 25, 2008 5:05pm
If I can figure out how to copy this chart to show you in VT I'll post it so you can see what I'm on about.
  • #84,218
  • May 25, 2008 5:05pm May 25, 2008 5:05pm
Hi the problem is with the vtrader demo account. They use different servers for live and demo account..that's what explains the price discrepancy..
  • #84,219
  • Edited 5:32pm May 25, 2008 5:06pm | Edited 5:32pm
I predict sideways movement until tuesday at 12:01am et...two reasons: Memorial day in the us and Public holiday in the UK
  • #84,220
  • May 25, 2008 5:34pm May 25, 2008 5:34pm
We are about to land on Mars!!! at one of the poles. How cool is that. The "world" has had a 50/50 success rate at this stuff.

The spacecraft's speed relative to Mars increased from 6,300 miles per hour at 8:30 a.m. Pacific Time to 8,500 mph at 12:30 p.m., headed for a speed higher than 12,000 mph before reaching the top of the Martian atmosphere.
Phoenix was on track for anticipated entry into the atmosphere at 4:30p.m. Pacific Time and reaching the surface at 4:38 p.m., although confirmation of those events comes no sooner than 15 minutes, 20 seconds later, due to the time needed for radio signals to travel from Mars to Earth.
Mission controllers decided Saturday night and Sunday morning to forgo the last two opportunities for adjusting the spacecraft's trajectory.
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