DislikedI present to you... the DAILY TRIANGLE FLAG on Geppy... how nice Ready for BREAKOUT?
T.A.Y.O.R.
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T.A.Y.O.R.
Help needed in OANDA + users from Malaysia 105 replies
DislikedI present to you... the DAILY TRIANGLE FLAG on Geppy... how nice Ready for BREAKOUT?
T.A.Y.O.R.
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DislikedWith GEPPY shoot up... CABLE is ranging right now. It's a TUG OF WAR... Fiber drag Cable down... but Geppy drag Cable Up.
SL still far away. and CABLE still in the RANGING mode.
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Dislikedhow could geppy be keeping cable up? Isnt geppy a cross and derived from the price differentials of GBPUSD and USDJPY?
It seems that Yen has been deciding the movements now. Cable showing that it may have found some support at current levels. if yen goes up and cable goes up its natural to see Geppy fly.Ignored
DislikedGbp/Usd X Usd/Jpy = Gbp/Jpy
GJ \ GU = UJ
GJ \ UJ = GU
It can works either ways.
Look at all the charts... EurUsd, UsdCad, UsdChf, AudUsd... It's not the YEN that deciding the direction at that particular moment... it's the sudden strengthening of the USD.
But at the same time Pound Sterling also holding strong... not like Euro.
Just the way I understand it.
Any more views regarding this?Ignored
Dislikedi see. ok then. Anyway the YEN is a lingo for USD/JPY.
I was just implying that there is no real market for crosses. Coz the crosses are derived. When you long GJ, it simply means you are long YEn and Cable. Sorry if you feel offended.
regards
jestIgnored
DislikedThere is REAL MARKET for the GJ... It used to be very favourable Carry Trades with the HIGHEST swap.
Not offended my friend... just explaining my point of view... please correct me if I am wrong
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Dislikedthe swaps are derived from interest payments of USD and GBP. Thats why its huge. Thats why they are called crosses.Ignored
DislikedYou forgot the Japan Interest Rate my friend.... it's the lowest one in the world.
The calculation is not that straight forward... look at OANDA website for the detail SWAP calculation.
But to put it in a simple term so easy to understand.... the different of UK IR and Japan IR is huge... that's why the SWAP is huge as well.
Just the way I understand it.
As right now at this very moment... CABLE is already falling down on H1 chart but GEPPY shooting UP following GJ. Why Geppy following GJ... RISK APPETITE environment... with USD strengthening.... traders move investment from GOLD and OIL and other Commodities into CARRY TRADES (currency) and STOCKS. GJ is part of Carry Trades.... that's why it's winding UP.
Please Correct me If I am wrong about this.
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QuoteDislikedAs right now at this very moment... CABLE is already falling down on H1 chart but GEPPY shooting UP following GJ. Why Geppy following GJ... RISK APPETITE environment... with USD strengthening.... traders move investment from GOLD and OIL and other Commodities into CARRY TRADES (currency) and STOCKS. GJ is part of Carry Trades.... that's why it's winding UP.
QuoteDislikedAs right now at this very moment... CABLE is already falling down on H1 chart but GEPPY shooting UP following GJ. Why Geppy following GJ... RISK APPETITE environment... with USD strengthening.... traders move investment from GOLD and OIL and other Commodities into CARRY TRADES (currency) and STOCKS. GJ is part of Carry Trades.... that's why it's winding UP.
Dislikedof course, and how much issit? .25? it used to be zero.
anyway. there is no way one could arb crosses....just compare it against UJ and GU why is it so coz as long as UJ ang GU moves GJ will be slated in.
isnt' Geppie GJ?
which is why i mention GJ is derived. It does not lead or carry up GU...or UJ for that matter.Ignored
Disliked
which is why i mention GJ is derived. It does not lead or carry up GU...or UJ for that matter.Ignored
DislikedIt's not a simple straight forward DERIVATION because it comes from 3 components which are Pound Sterling, GreenBack and Japanese Yen.
GJ sometimes following UJ... sometimes following Cable... sometimes ranging while Cable and UJ gone mad.
Most of the time GJ following the RISK APPETITE or RISK AVERSION psychology.
It's very tricky with this beast... that's why most of the time I stay out of it.
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DislikedStop it jest, before he issue you with a 80km boundary and raise his toll fees in forum, . Just kidding. First and last post in this thread.Ignored
DislikedI stand on my ground with full explanation complete with charts as prove. Just wanna share what I know.
If I am WRONG... please correct me. I always got REASONING of everything I do and say.
If not because of this... others might not know. Just happy to share my knowledge and understanding.
Not to say that I am 100% right... This is FORUM... so discuss.
PeaceIgnored
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anybody ever try the forex trade above? can any one make a review about that forex trading company? is it worth to subscribe there?Ignored