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

  • #116,541
  • Sep 22, 2008 1:59pm Sep 22, 2008 1:59pm
Malcolmb,

What do u think about AU. It's having bearish div, good time to short (?). I think it's good for atleast 100 pips down :-)
  • #116,542
  • Sep 22, 2008 1:59pm Sep 22, 2008 1:59pm
Quoting Cdawg
Malcom,


Dumb question here, why is the price of oil significant to the GJ?

GU and EU, i understand, but not how its related to the GJ.

Thanks

oil up = usd weaker = gu up = gj up

uj down = risk aversion and with dj down 2% and no significant oil movement we would be seeing 194 gj right now

does that explain it ?
Blogging daily now at www.volume.zone
  • #116,543
  • Sep 22, 2008 2:03pm Sep 22, 2008 2:03pm
Quoting mktjong
Malcolmb,

What do u think about AU. It's having bearish div, good time to short (?). I think it's good for atleast 100 pips down :-)
with 60 min chart like this I would be rather buy the dips on a 15 min chart , till the 33 sma is broken on the 60 min. Then I would short it

Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 17 KB
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  • #116,544
  • Sep 22, 2008 2:04pm Sep 22, 2008 2:04pm
Quoting DutchTrader
Couldn't help myself, scalped UJ from 106.00


nice trade
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  • #116,545
  • Sep 22, 2008 2:07pm Sep 22, 2008 2:07pm
Quote
oil up = usd weaker = gu up = gj up

uj down = risk aversion and with dj down 2% and no significant oil movement we would be seeing 194 gj right now

does that explain it ?

Can you point me in the direction of a good website/book thank would explain it in more detail (if such a thing exists)??

Thanks for your response
  • #116,546
  • Sep 22, 2008 2:08pm Sep 22, 2008 2:08pm
Quoting malcolmb14
oil up = usd weaker = gu up = gj up

uj down = risk aversion and with dj down 2% and no significant oil movement we would be seeing 194 gj right now

does that explain it ?
Thanks Malcom.. Well explained.. That's what I was looking for.
  • #116,547
  • Sep 22, 2008 2:08pm Sep 22, 2008 2:08pm
This insane Oil up to $130 from $91 last week. Simply stupid
  • #116,548
  • Sep 22, 2008 2:09pm Sep 22, 2008 2:09pm
Quoting Cdawg
Can you point me in the direction of a good website/book thank would explain it in more detail (if such a thing exists)??

Thanks for your response

I have not really read anything on this.... just got this from experience I think ... and could be off base ...lol
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  • #116,549
  • Sep 22, 2008 2:13pm Sep 22, 2008 2:13pm
I wonder where we would be if one could short sell financial stocks today ?

-10 % dj maybe ?

190 gj ?

interesting thought
Blogging daily now at www.volume.zone
  • #116,550
  • Sep 22, 2008 2:13pm Sep 22, 2008 2:13pm
Quoting vinesh2
This insane Oil up to $130 from $91 last week. Simply stupid
This is likey done by speculators
What has it to with bombing in Pakistan?
  • #116,551
  • Sep 22, 2008 2:16pm Sep 22, 2008 2:16pm
what do you think is the trend for EJ is this following GJ ?



Quoting malcolmb14
I wonder where we would be if one could short sell financial stocks today ?

-10 % dj maybe ?

190 gj ?

interesting thought
  • #116,552
  • Sep 22, 2008 2:18pm Sep 22, 2008 2:18pm
Quoting malcolmb14

I have been spedning afternoon shorting gj off 196.80 into 196.50
Careful .. don't get 'married' to a bearish position .... lol.
  • #116,553
  • Sep 22, 2008 2:21pm Sep 22, 2008 2:21pm
This turky is Overcooked! Short it down to 154!
  • #116,554
  • Sep 22, 2008 2:21pm Sep 22, 2008 2:21pm
Quoting TraderStar
Careful .. don't get 'married' to a bearish position .... lol.

as you said and know me .. I could be bearish now and bullish in 5 min .... lol

hey you did not respond to my question about the chart package you are using ..... wanted to help you with getitng the rsi line thicker . unless you sorted it out
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  • #116,555
  • Sep 22, 2008 2:26pm Sep 22, 2008 2:26pm
A key Democrat negotiating a $700 billion financial bailout says the Bush administration has agreed to include mortgage aid and strong congressional oversight in the plan. A government official with knowledge of the talks also said the administration has agreed to create a plan to help prevent foreclosures on mortgages it acquires as part of the bailout....
  • #116,556
  • Sep 22, 2008 2:32pm Sep 22, 2008 2:32pm
Quoting malcolmb14
hey you did not respond to my question about the chart package you are using ..... wanted to help you with getitng the rsi line thicker . unless you sorted it out
sorry I didn't see that post .. I use MT4 and also AccuCharts from FX Solutions, mostly MT4. I would appreciate that, it seems to give some useful information, I have seen from your charts.
  • #116,557
  • Sep 22, 2008 2:35pm Sep 22, 2008 2:35pm
Quoting robrub
what do you think is the trend for EJ is this following GJ ?

you see eurusd has a .8 correlation with oil .... and if oil is going up fast so will eurjpy. Right now on a 4 hour ej is still in the uptrend .. draw a chart with rsi14 and place trendline on the rsi ...


if oil drops on profit taking then we could see fast drops on both ej and gj.... as the eu and gu will form sharp retracements

this is probably one of the hardest 4 weeks i have ever traded . Sure things are moving fast ... but if you are on the wrong side of the trade you get burnt very quickly
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  • #116,558
  • Sep 22, 2008 2:35pm Sep 22, 2008 2:35pm
When u see the piece of shit euro that does 100 a day move 500 its time to get out of the currency scandal

legal racketeering
"Millionaires don't use astrology, billionaires do"
  • #116,559
  • Sep 22, 2008 2:38pm Sep 22, 2008 2:38pm
Quoting TraderStar
sorry I didn't see that post .. I use MT4 and also AccuCharts from FX Solutions, mostly MT4. I would appreciate that, it seems to give some useful information, I have seen from your charts.
MT4....right click on the rsi indicator ... you get drop down list ... choose ' rsi properties' . choose the ' levels ' tab, and at the bottom of that tab there is ' styles' in this line you can choose colour , line type and the last one is thickness

I have not used accucharts in a while...but will look later
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  • #116,560
  • Sep 22, 2008 2:38pm Sep 22, 2008 2:38pm
Malcolmb,

Thanks for the heads up on Eur/Cad, nice trade but I went long with Eur/Aud instead, nice one too. Geppy is still intoxicated/drunk
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