Patience + Discipline - Greed = Success
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #95,102
- Jun 18, 2008 9:40am Jun 18, 2008 9:40am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
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Like watching paint dry. . .but i'm patient!
- #95,103
- Jun 18, 2008 9:47am Jun 18, 2008 9:47am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Like watching paint dry. . .but i'm patient!
Trading Levels with WRBs
- #95,104
- Jun 18, 2008 9:48am Jun 18, 2008 9:48am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Does anyone see a familiar pattern here on the 15m....
If the 15m 50ema holds, I think we will have a nice ride up....
If the 15m 50ema holds, I think we will have a nice ride up....
Patience + Discipline - Greed = Success
- #95,105
- Jun 18, 2008 9:50am Jun 18, 2008 9:50am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Does anyone see a familiar pattern here on the 15m....
If the 15m 50ema holds, I think we will have a nice ride up....
Patience + Discipline - Greed = Success
- #95,106
- Jun 18, 2008 9:53am Jun 18, 2008 9:53am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Yep - the MAs on my short TFs in GJ remind me of that film The Flatliners...http://www.forexfactory.com/images/icons/icon8.gif
Trading has been all but pathetic as of late. . . but heh I'm patient. . .
- #95,107
- Jun 18, 2008 9:54am Jun 18, 2008 9:54am
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
- #95,109
- Jun 18, 2008 10:02am Jun 18, 2008 10:02am
The top indicator chart shows two stochastic speeds and it is unusual (though not impossible) for the fast speed (blue) not to come back to the slow speed (red). It favours price to fall. Works most of the time but it's best to wait for the shorter time frames to confirm.
I live in Japan so a couple of observations.
I understand that the interest rate differentials favour a relatively weak Yen but that doesn't mean the Japanese economy is weak. They are great if you are buying a house
Exports are strong..more to Asia and Europe to compensate for less to the US ( they make most of the machinery that Asia needs to manufacture)..and the trade surplus is high. Products are made that the world wants to and or must buy. Savings are extremely high, unemployment low and most people feel pretty well off. There is very high energy efficiency and oil imports at just over 4 Million barrels/day are around 20% lower than they were in the 70's. Oil prices while a problem are not as serious as some might believe.
Kind of supports an arguement for a stronger Yen but as usual we should follow the charts.
I live in Japan so a couple of observations.
I understand that the interest rate differentials favour a relatively weak Yen but that doesn't mean the Japanese economy is weak. They are great if you are buying a house
Exports are strong..more to Asia and Europe to compensate for less to the US ( they make most of the machinery that Asia needs to manufacture)..and the trade surplus is high. Products are made that the world wants to and or must buy. Savings are extremely high, unemployment low and most people feel pretty well off. There is very high energy efficiency and oil imports at just over 4 Million barrels/day are around 20% lower than they were in the 70's. Oil prices while a problem are not as serious as some might believe.
Kind of supports an arguement for a stronger Yen but as usual we should follow the charts.
- #95,110
- Jun 18, 2008 10:02am Jun 18, 2008 10:02am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #95,111
- Jun 18, 2008 10:06am Jun 18, 2008 10:06am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #95,118
- Jun 18, 2008 10:32am Jun 18, 2008 10:32am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #95,120
- Jun 18, 2008 10:36am Jun 18, 2008 10:36am
it smells like something so fishy..though it seems like the dow is gonna breakdown...but yet..something feels like it is not gonna happen...but a recovery will happen...hmm..weird feeling...