Auslanco - GBP/JPY and GBP/USD (newstrade)
- #107,044
- Aug 14, 2008 2:34am Aug 14, 2008 2:34am
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
the current GBP fall is in correlation with gold down in general but gold was like broad leading indicator
let's watch out next move of GBP when gold turned bullish again or move more down
so in your "educated" opinion, Gold is the leading indicator, where it moves, GBP will follow. Can you post a chart and an explanation that supports your theory?
- #107,047
- Aug 14, 2008 3:08am Aug 14, 2008 3:08am
There is some good correlation lastly
Gold down $ up but GBP/JPY down as it is one of the carry currency
but don’t ask me how is the correlation over a year period (not really good
).
And don’t ask me which one is the leading indicator because in my eyes is like you ask me which one was the first the chicken or the egg.
http://img209.imagevenue.com/loc78/t...7_122_78lo.jpg
http://img174.imagevenue.com/loc1036...122_1036lo.jpg
Gold down $ up but GBP/JPY down as it is one of the carry currency
but don’t ask me how is the correlation over a year period (not really good
). And don’t ask me which one is the leading indicator because in my eyes is like you ask me which one was the first the chicken or the egg.
http://img209.imagevenue.com/loc78/t...7_122_78lo.jpg
http://img174.imagevenue.com/loc1036...122_1036lo.jpg
- #107,050
- Aug 14, 2008 3:13am Aug 14, 2008 3:13am
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts
- #107,052
- Aug 14, 2008 3:15am Aug 14, 2008 3:15am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
You certainly aren't helping when you say that gold and GBP can move either up OR down..... well duh
so in your "educated" opinion, Gold is the leading indicator, where it moves, GBP will follow. Can you post a chart and an explanation that supports your theory?
- #107,058
- Aug 14, 2008 3:49am Aug 14, 2008 3:49am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
i gave up trading g-u because it is the most unpredictable of all pairs i have EVER traded. if you think you can't see it going down, that's exactly where it's gonna go. down. or up? hm... 
There's large delays, also trends that are hard to reverse on one bit of different news. GU is down so low its hard for it to get lower. Maybe since it goes up even when there's bad news indicates a short term trend reversal. I can't see how GU can go down any lower right now.
Nihil Sine Deo.
- #107,060
- Aug 14, 2008 3:54am Aug 14, 2008 3:54am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
