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

  • #86,301
  • May 30, 2008 3:01pm May 30, 2008 3:01pm
Quoting pipblueprint
Hi can anyone log into their vtrader accounts??? i can't log in..is it me or r u guys having the same problems
todays' high was 208.92 according to vtrader...i don't see 209..
  • #86,302
  • May 30, 2008 3:03pm May 30, 2008 3:03pm
yo guys
im a lil new out here so hello one more time

What u think about the g/j? Is it going to fall down or rise up to more than >209?

Im short btw.
  • #86,303
  • May 30, 2008 3:05pm May 30, 2008 3:05pm
Quoting pipblueprint
todays' high was 208.92 according to vtrader...i don't see 209..
what time do they close? The run started after 4 pm eastern. 209.39 is the highest I see on ODL.
  • #86,304
  • May 30, 2008 3:52pm May 30, 2008 3:52pm
One thing is for certain, nothing is certain in forex. While many see it as unlikely gbp/jpy will go up to 250, its even more unlikely that shorting at 209 every time will work for the next few months. When everyone is saying the euro will keep going up, it looks rather weak and there's no reason for it not to go down to 1.30, sending usd/chf up to 1.3. With usd/chf , then up goes gbp/chf, and since it trades similar to gbp/jpy, then there goes those two pairs up to 230. If we could all just short at 209 for the next 5 months we would always make pips. If it was that easy, everyone would be making pips all the time. So I'm short gbp/chf over the weekend and want to see a retrace of a few hundred pips, but I don't expect it, as everything is uncertain. Looking ahead for the week, I will throw my biases out the window, and trade only what is the least expected. Have a great weekend everything!
  • #86,305
  • May 30, 2008 4:12pm May 30, 2008 4:12pm
Quoting Clouds
One thing is for certain, nothing is certain in forex. While many see it as unlikely gbp/jpy will go up to 250, its even more unlikely that shorting at 209 every time will work for the next few months. When everyone is saying the euro will keep going up, it looks rather weak and there's no reason for it not to go down to 1.30, sending usd/chf up to 1.3. With usd/chf , then up goes gbp/chf, and since it trades similar to gbp/jpy, then there goes those two pairs up to 230. If we could all just short at 209 for the next 5 months we would always make pips. If it was that easy, everyone would be making pips all the time. So I'm short gbp/chf over the weekend and want to see a retrace of a few hundred pips, but I don't expect it, as everything is uncertain. Looking ahead for the week, I will throw my biases out the window, and trade only what is the least expected. Have a great weekend everything!
I wouldn't expect it either....eurusd had a 1 day correction bar and friday and most likely will fall which would bring usdchf up. also i am seeing in up move on gu. however...low volume on monday may bring it down on tuesday.....depends how big your s/l is. but...i could be wrong
"Keep your eyes on the helpers" - Mr. Rogers
  • #86,306
  • May 30, 2008 4:19pm May 30, 2008 4:19pm
Quoting magnumfreak
what time do they close? The run started after 4 pm eastern. 209.39 is the highest I see on ODL.
ur right...it closed at 4... i missed out on the last minute rally
  • #86,307
  • May 30, 2008 4:21pm May 30, 2008 4:21pm
Quoting magnumfreak
what time do they close? The run started after 4 pm eastern. 209.39 is the highest I see on ODL.
can you post a pic? what is the price at now?

im sure this has been asked before, but how can i see the current price of jeppy???? and i mean the real price as if it was a late friday night or saturday afternoon, please dont say oanda...
  • #86,308
  • May 30, 2008 4:28pm May 30, 2008 4:28pm
Quoting forexnoob101
can you post a pic? what is the price at now?

im sure this has been asked before, but how can i see the current price of jeppy???? and i mean the real price as if it was a late friday night or saturday afternoon, please dont say oanda...
odl stops updating charts at 5 pm eastern U.S. It shows 209.10 as the final tick with 209.39 the peak. I am about to leave but I can post a chart later.
  • #86,309
  • May 30, 2008 4:29pm May 30, 2008 4:29pm
Quoting magnumfreak
odl stops updating charts at 5 pm eastern U.S. It shows 209.10 as the final tick with 209.39 the peak. I am about to leave but I can post a chart later.

gotcha, its okay i have access to odl, post for others if you like, many thanks again...
  • #86,310
  • May 30, 2008 4:31pm May 30, 2008 4:31pm
Quoting forexnoob101
can you post a pic? what is the price at now?

im sure this has been asked before, but how can i see the current price of jeppy???? and i mean the real price as if it was a late friday night or saturday afternoon, please dont say oanda...
I use this website to check the live week-end price www.fxstreet.com.
Go to "Rates & Charts" >> "Live Currency Rates".
  • #86,311
  • May 30, 2008 4:33pm May 30, 2008 4:33pm
Quoting shakesfx
I'm now a bear again...I've missed you all, being a Bull all on my own.

Gone Short from 208.71 1st Target 203.75. SL above 210 as I'm expecting the big boys to throw in a spike before we go...

All we need now is the famous crapper!

Looks like the prediction made at 208.71 came true....Going to hold the shorts as I'm sure that was a big boys move...
  • #86,312
  • May 30, 2008 4:36pm May 30, 2008 4:36pm
Quoting khaled22
yes they want hit stops so i remove SL at all
  • #86,313
  • May 30, 2008 4:37pm May 30, 2008 4:37pm
Quoting damonl
I wouldn't expect it either....eurusd had a 1 day correction bar and friday and most likely will fall which would bring usdchf up. also i am seeing in up move on gu. however...low volume on monday may bring it down on tuesday.....depends how big your s/l is. but...i could be wrong
It's a small s/l, but I rather do it that way, and still I have just as much confidence going short, as I would have going long, for the short-term.

Another thing I was thinking, is that if a bank was investing in the eur/usd and looked at their monthly profits, and saw that for the last two months, they were losing money, it's only a matter of time that banks start taking their money out of that pair, and investing it in another, such as the gbp/jpy.

When enough investment banks do that, we'll see no more of this slow up /down movement, we'll see a much faster trend up with yen pairs and a fast trend down with usd pairs, taking out everyone's long or short if caught in the wrong direction.
  • #86,314
  • May 30, 2008 4:49pm May 30, 2008 4:49pm
Quoting Clouds
It's a small s/l, but I rather do it that way, and still I have just as much confidence going short, as I would have going long, for the short-term.

Another thing I was thinking, is that if a bank was investing in the eur/usd and looked at their monthly profits, and saw that for the last two months, they were losing money, it's only a matter of time that banks start taking their money out of that pair, and investing it in another, such as the gbp/jpy.

When enough investment banks do that, we'll see no more of this slow up /down movement, we'll see a much faster trend up with yen pairs and a fast trend down with usd pairs, taking out everyone's long or short if caught in the wrong direction.
sounds good to me...i like your thought process.....lots of people here on the geppy short boat. good or bad, i think they forget to want what the market wants.

as for a los s/l on gbpchf.....this pair can retrace up to 100 pips in one bar before continuing down. we also have accellerator osciilator givind us a bullish bar when candlestick says bearish.....before i jump in i'd consult the mystical h1 chart for early trend confirmation with possibly williams %.

jmho......
"Keep your eyes on the helpers" - Mr. Rogers
  • #86,315
  • Edited 5:18pm May 30, 2008 5:03pm | Edited 5:18pm
Lesson no 1 do not buck the trend!
Second lesson learned is do not forget Lesson 1 or at least wait for a signal prior to take a short trade when trend is up.

Otherwise this is called GAMBLING!
  • #86,316
  • May 30, 2008 6:23pm May 30, 2008 6:23pm
Quoting Wolf.
You've confused me lol do you mean you shorted there? I am long from 207.8 and from way lower.
Whoops, yeah. lol. I did not long at all during the last 2 days. Wish I did...

Anyway, FXDD sucks. It shows price at 208.78 while ODL shows price at 209.10.
  • #86,317
  • May 30, 2008 6:26pm May 30, 2008 6:26pm
  •  4x_Trader
  • Joined Dec 2006 | Status: Is the market a FRIENDLY place to U | 639 Posts | Online Now
Quoting karmostaji
Once the majority are convinced that GJ is going higher, it will kick you in the balls and go down lol

The past couple of days the daily momentum remained bullish, but if on Monday the daily candle's momentum turns bearish, then lilmoe malcomb hussin and their gangs can start preparing for our little party

Hint: keep an eye on the new weekly/monthly Momentums
]

Majority of you retail traders are always talking shorts let's see who will prevail monday is another bloody for you guys coz I smell one of my friends wants to go long a large volume and he told me his target once it hits maybe that's the time the market will retrace most of them are Fundamentalist you will never ever out smart them even though you are a chartist coz they always laugh at me when I discuss them some of the analysis here!
  • #86,318
  • May 30, 2008 6:34pm May 30, 2008 6:34pm
Quoting 4x_Trader
]

Majority of you retail traders are always talking shorts let's see who will prevail monday is another bloody for you guys coz I smell one of my friends wants to go long a large volume and he told me his target once it hits maybe that's the time the market will retrace most of them are Fundamentalist you will never ever out smart them even though you are a chartist coz they always laugh at me when I discuss them some of the analysis here!
AHHHH! Just shut the F UP...old geezer
  • #86,319
  • May 30, 2008 6:59pm May 30, 2008 6:59pm
Quoting 4x_Trader
]

Majority of you retail traders are always talking shorts let's see who will prevail monday is another bloody for you guys coz I smell one of my friends wants to go long a large volume and he told me his target once it hits maybe that's the time the market will retrace most of them are Fundamentalist you will never ever out smart them even though you are a chartist coz they always laugh at me when I discuss them some of the analysis here!
Looks like they won the round 1. I do see your point that the price might move higher on Monday since the previous high is now taken out. Would you mind telling us what the target is that one of your friends aiming for? Thanks in advance.
  • #86,320
  • May 30, 2008 8:21pm May 30, 2008 8:21pm
Are gap up, and gap down, worthy in considering in position taking, somewhat important, or waste of time? Thanks in advance. Gap down of gbp/chf 30 pips, and gbp/jpy no gap , according to xe.
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