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

  • #90,101
  • Jun 6, 2008 10:23am Jun 6, 2008 10:23am
Quoting frevd
There are those who evaluate the situation from GU and UJ plus all the fundamental mood, and there are those who do technical analysis only on GJ.
Since GJ is not just related to UJ and GU, but is identical to their cross, it exactly mirrors the situation hence can be traded stand-alone.
Of course, but this means one must be a purely technical trader, and that, in my opinion, is pretty dangerous, or at least not truly efficient. By treating GJ as a thing in and of itself you are completely factoring out the USD, and treating it as a noise term or an indirect factor on the GBP or Yen. This is the USD we are talking about...and should be treated with more respect.

Today was NFP day, which would have some effect on GJ, but in a manner that would depend on relative strengths of the reactions of UJ and GU. However, because of the close relationship between the US and UK markets, one would expect the UJ component to dominate...the price movements on GJ were much more confused than GU and UJ. Trading one of the components of the GJ (i.e. GU or preferably UJ) today would make much more sense than trading GJ.
  • #90,102
  • Jun 6, 2008 10:24am Jun 6, 2008 10:24am
closed my short from 105.94 and add 2 sell limit @ 105.70&105.71
not bad profit on this week UJ +225pp
  • #90,103
  • Jun 6, 2008 10:25am Jun 6, 2008 10:25am
Quoting Rustyyy
I can see that, it is still a joke.
I think it's waiting for my bomb(s) to drop .. just let me know the timing..

  • #90,104
  • Jun 6, 2008 10:25am Jun 6, 2008 10:25am
Quoting hussin naiji
fall DOW=fall USD and CAD
ic, thx
  • #90,105
  • Jun 6, 2008 10:25am Jun 6, 2008 10:25am
i think again we will see a larege fall for AUD and NZD in the next weeks
wether again we will see more risk aresion in fx market ??
  • #90,106
  • Jun 6, 2008 10:27am Jun 6, 2008 10:27am
Quoting mktjong
I think it's waiting for my bomb(s) to drop .. just let me know the timing..

Let's see the bomb.....
Patience + Discipline - Greed = Success
  • #90,107
  • Jun 6, 2008 10:29am Jun 6, 2008 10:29am
IMVHO the pound is no stronger than the dollar right now.
Look at the economic data this week for the UK.

Realizing that this is a dollar selloff and not risk aversion...YET.

But it still makes no sense to me.
  • #90,108
  • Jun 6, 2008 10:32am Jun 6, 2008 10:32am
so far so good. one more TL to go. 50 pips away.

Attached Image (click to enlarge)
Click to Enlarge Name: dji_daily.gif Size: 16 KB
  • #90,109
  • Jun 6, 2008 10:34am Jun 6, 2008 10:34am
Quoting Infinity
Let's see the bomb.....
Ok bro, be glad to ..

One for GJ: One for EJ:
http://content.sweetim.com/sim/cpie/...s/000202B6.gif http://content.sweetim.com/sim/cpie/...s/000202B6.gif


See, I told ya.. better be good..

http://content.sweetim.com/sim/cpie/...s/00020080.gif http://content.sweetim.com/sim/cpie/...s/00020080.gif
  • #90,110
  • Jun 6, 2008 10:35am Jun 6, 2008 10:35am
Quoting Spectator
Trading one of the components of the GJ (i.e. GU or preferably UJ) today would make much more sense than trading GJ.
Hell yeah, I cant no longer watch that deadways on GJ.
  • #90,111
  • Jun 6, 2008 10:35am Jun 6, 2008 10:35am
i was playing little bit

and i see some chances in daily chart here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj1.png Size: 32 KB
Click to Enlarge Name: eu1.png Size: 43 KB
  • #90,112
  • Jun 6, 2008 10:38am Jun 6, 2008 10:38am
Quoting mktjong
Ok bro, be glad to ..

One for GJ: One for EJ:
http://content.sweetim.com/sim/cpie/...s/000202B6.gif http://content.sweetim.com/sim/cpie/...s/000202B6.gif


See, I told ya.. better be good..

http://content.sweetim.com/sim/cpie/...s/00020080.gif http://content.sweetim.com/sim/cpie/...s/00020080.gif
Patience + Discipline - Greed = Success
  • #90,113
  • Jun 6, 2008 10:38am Jun 6, 2008 10:38am
GM Q. PM!
  • #90,114
  • Jun 6, 2008 10:42am Jun 6, 2008 10:42am
Quoting vinesh2
GM Q. PM!
GM bro. . .
  • #90,115
  • Jun 6, 2008 10:46am Jun 6, 2008 10:46am
We would most likelly need to see a fall through the 12000 level on the dow to trigget stops and ignite a risk aversion selloff, ideal scenario would call for a fall sometime early next week to that level, a bounce, and then a selloff by friday, monday, the following week and that should ignite a move to risk aversion and a strong selloff in the carry, of course if we would get a news of Lehman failing that would help...
  • #90,116
  • Jun 6, 2008 10:46am Jun 6, 2008 10:46am
Quoting vinesh2
Ok so what's holding up the bear party on the GJ
Um - perhaps cable, up 190 on the news.....

Long cable and short UJ was the trade.
Trading Levels with WRBs
  • #90,117
  • Jun 6, 2008 10:47am Jun 6, 2008 10:47am
Quoting quecee5
GM bro. . .
Check yr pm. . .
  • #90,118
  • Jun 6, 2008 10:48am Jun 6, 2008 10:48am
Quoting mktjong
Ok bro, be glad to ..

One for GJ: One for EJ:
http://content.sweetim.com/sim/cpie/...s/000202B6.gif http://content.sweetim.com/sim/cpie/...s/000202B6.gif


See, I told ya.. better be good..

http://content.sweetim.com/sim/cpie/...s/00020080.gif http://content.sweetim.com/sim/cpie/...s/00020080.gif
oh my GOD
oh MY nice AJ
see to daily chart AJ
BAD NEWS IS FOR BULL CAMP
  • #90,119
  • Jun 6, 2008 10:54am Jun 6, 2008 10:54am
Other curencies are slowly reversing but g/j s going up more
Trade less make more!
  • #90,120
  • Jun 6, 2008 10:59am Jun 6, 2008 10:59am
Looks like a bear flag developing on the 15 min chart which should result is a move down soon. . .
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