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

  • #97,101
  • Jun 26, 2008 5:28am Jun 26, 2008 5:28am
Quoting vinesh2
Everyone is desperatly trying to bring the Carry trade back on GJ unbeleivable.
desperately? Where do you gauge the existence or non-existence of desperation? I'd very much like to know your source for accessing such info, as it would no doubt be invaluable to a trader
  • #97,102
  • Jun 26, 2008 5:32am Jun 26, 2008 5:32am
Quoting vinesh2
Karmo, momentum on Daily seems flat and 4 hr looks kinda exhausted any significance of that or is it just that I am seeing things/.
It does look exhausted, we need a good retracement and if daily candles start to form below daily gann, then you know what that means. But the bull looks exhausted to me for now.
Trade what you see, not what you think.
  • #97,103
  • Jun 26, 2008 5:33am Jun 26, 2008 5:33am
Quoting Scrat
the book that changed my life was "trading for a living", by alexander elder. you can even find a trading method there - "triple screen".
An amazing book to read. I only wish I had read it earlier!
  • #97,104
  • Jun 26, 2008 5:34am Jun 26, 2008 5:34am
Well if you look at Britan's economy fundementally its in trouble its all over the wall that they are in trouble and yet still Pound is strong why is that? I have not heard a single good bit of news out of UK in weeks and yet Pound is strong. What this tell me is big boys are trying hard to bring the carry back on this pair. I am basing my thoughts purely on fundementals
  • #97,105
  • Jun 26, 2008 5:39am Jun 26, 2008 5:39am
BTW, Vinesh, do not take this as a personal attack because it is not. I just wanna point the following:

I do not believe anyone in this forum can possible have access to sources of information that can add credibility to opinions such as "the market is desperately trying to push pair X up"

I don't believe anyone has such access to market makers and market participants. The "desperation" might be true, or might be false, but it not based on anything other than un-founded opinions from various people in this forum, who most likely merely voice their hope i.e. they are short or look only for a short, hence they see each leg up as yet another desperate move to avert the, for them imminent, breakdown.

These opinions are then repeated and copied by others here, and pretty soon a "desperation" in any upward move comes to be seen as a given. Now you understand I hope, the short bias inherent in you, at this phase, if you see any move to the opposite direction as an act of "desperation" (since most acts of desperation tend to fail, this creates a short bias, which the actions of the last several weeks do not seem to warrant)
  • #97,106
  • Jun 26, 2008 5:41am Jun 26, 2008 5:41am
why is it unbelievable? i would think the carry trade is a good thing, you hold on to your positions and you collect a daily interest... how simple is that? man, i dream at the moment when carry trade is back, because this means easy money for everyone.

Quoting vinesh2
Everyone is desperatly trying to bring the Carry trade back on GJ unbeleivable.
Nihil Sine Deo.
  • #97,107
  • Jun 26, 2008 5:49am Jun 26, 2008 5:49am
Quoting karmostaji
213.50 is a tough cookie
I have been looking for u and I know u are a G/J fan
what do mean by that.
are u long or short?
  • #97,108
  • Jun 26, 2008 5:52am Jun 26, 2008 5:52am
Quoting uncletrumpet
I have been looking for u and I know u are a G/J fan
what do mean by that.
are u long or short?
I mean it might be hard for GJ to break this level right now, but I wouldn't go short until we get a 1H candle formed below 1H gann and 1H QQE crosses downwards.
Trade what you see, not what you think.
  • #97,109
  • Jun 26, 2008 5:55am Jun 26, 2008 5:55am
Quoting karmostaji
It does look exhausted, we need a good retracement and if daily candles start to form below daily gann, then you know what that means. But the bull looks exhausted to me for now.
i see that
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  • #97,110
  • Jun 26, 2008 6:05am Jun 26, 2008 6:05am
Quoting vinesh2
Everyone is desperatly trying to bring the Carry trade back on GJ unbeleivable.
it's all about technicals bro.. nothing to do with fundamentals @ the moment.. this pair should proceed according to technicals i.e, 217 is in cards

everyone forget about FOMC statement in 2-3 days ..lol
  • #97,111
  • Jun 26, 2008 6:07am Jun 26, 2008 6:07am
Quoting Scrat
the book that changed my life was "trading for a living", by alexander elder. you can even find a trading method there - "triple screen".
thank you
i need all the help i can get
  • #97,112
  • Jun 26, 2008 6:08am Jun 26, 2008 6:08am
Hmm..
Attached Image (click to enlarge)
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Trade what you see, not what you think.
  • #97,113
  • Jun 26, 2008 6:11am Jun 26, 2008 6:11am
you just have to ask for it.
but you also need patience and determination. you are the only one that can help, we are just giving away advices...
elder's book is the first step.

Quoting kairos
thank you
i need all the help i can get
Nihil Sine Deo.
  • #97,114
  • Jun 26, 2008 6:12am Jun 26, 2008 6:12am
hmm indeed

Quoting karmostaji
Hmm..
Nihil Sine Deo.
  • #97,115
  • Jun 26, 2008 6:14am Jun 26, 2008 6:14am
Quoting Scrat
hmm indeed
It looks like a bearish pattern to me, it's best to wait for that LT to break before jumping in shorts.
Trade what you see, not what you think.
  • #97,116
  • Jun 26, 2008 6:16am Jun 26, 2008 6:16am
Good morning from Texas to all!

wassup? Did I miss anything while sleeping?
  • #97,117
  • Jun 26, 2008 6:19am Jun 26, 2008 6:19am
Quoting Scrat
why is it unbelievable? i would think the carry trade is a good thing, you hold on to your positions and you collect a daily interest... how simple is that? man, i dream at the moment when carry trade is back, because this means easy money for everyone.
carry trade better for /usd pairs
  • #97,118
  • Jun 26, 2008 6:26am Jun 26, 2008 6:26am
that's also my plan. no short before a breakout.

Quoting karmostaji
It looks like a bearish pattern to me, it's best to wait for that LT to break before jumping in shorts.
Nihil Sine Deo.
  • #97,119
  • Jun 26, 2008 6:36am Jun 26, 2008 6:36am
Quoting quecee5
Gooooooooooooood Moooooooooooooooooooooorning ALL!

Looks like this chart is still valid. . .
GJ looks to be on track to hit 213.50/214.50 area. . .

Gooooooooood Moooooooooooorning ALL

213.50 achieved, 214.50 next stop. . .
Should correct to 212.80/90 then back up. . .

Happy trading all. . .
  • #97,120
  • Jun 26, 2008 6:40am Jun 26, 2008 6:40am
Quoting quecee5
Gooooooooood Moooooooooooorning ALL

213.50 achieved, 214.50 next stop. . .
Should correct to 212.80/90 then back up. . .

Happy trading all. . .
Sure looks like an uptrend.... hmmmm, smells like an uptrend......oh, wait a minute, we cant be in an uptrend!.... Can we?
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