What is wrong with UJ & GJ? Treasuries are strong as well as Dow 
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #117,262
- Sep 25, 2008 2:26pm Sep 25, 2008 2:26pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
thanks sweetie 
...
i only trade forex and almost never intraday.
... i only trade forex and almost never intraday.
scrat .. been using 10,3,3, stochastics along with rsi on oil and ym futures today ..... got to say I love it ....
Nihil Sine Deo.
- #117,263
- Sep 25, 2008 2:27pm Sep 25, 2008 2:27pm
I will average another position on the dip..
Price does what price wants , I just need to be prepared.
- #117,268
- Sep 25, 2008 2:39pm Sep 25, 2008 2:39pm
I only took a few off that wasnt me 
I cant close them for a loss at this point as it looks very likely GU will tank and could cause GJ to tank as well.
I cant close them for a loss at this point as it looks very likely GU will tank and could cause GJ to tank as well.Thanks for taking off the shorts man helped me with so profit..lol
- #117,269
- Sep 25, 2008 2:57pm Sep 25, 2008 2:57pm
I think GU is going to tank. GJ is another matter. The question for me is if GU tanks can UJ soar enough to pull guppy up?.
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"Everybody needs money. That's why they call it money" - Danny De Vito
- #117,273
- Sep 25, 2008 3:06pm Sep 25, 2008 3:06pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Agreed
I don't know about Markam. Wondering if he still wants to sign off a petition to block this plan ..
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- #117,274
- Sep 25, 2008 3:09pm Sep 25, 2008 3:09pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #117,275
- Sep 25, 2008 3:12pm Sep 25, 2008 3:12pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Breakout strategy..
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- #117,276
- Sep 25, 2008 3:14pm Sep 25, 2008 3:14pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
The next logical step after the bailout would be a dollar rate increase, that's why the GU is preemptively shorted, hopefully UJ will push up stronger
oil going up large and gu going down messed with my head ... took small hit on gu long and swicteh to eu short and took a few green pips .. very few.
I stayed out of forex most of day and traded the YM and oil instead ... seemed a little easier ..
Blogging daily now at www.volume.zone
- #117,277
- Sep 25, 2008 3:14pm Sep 25, 2008 3:14pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #117,278
- Sep 25, 2008 3:20pm Sep 25, 2008 3:20pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
4 hour gj has bearish div on rsi and stochastic ..... and is sell the rallies until this divergence breaks for htose wanting to swing trade the beast.
Best off to sell at 197 zone and cover at 195.5 zone.
Best off to sell at 197 zone and cover at 195.5 zone.
Blogging daily now at www.volume.zone
- #117,279
- Sep 25, 2008 3:23pm Sep 25, 2008 3:23pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
oil going up large and gu going down messed with my head ... took small hit on gu long and swicteh to eu short and took a few green pips .. very few.
I stayed out of forex most of day and traded the YM and oil instead ... seemed a little easier ..
Now, I have a GJ buy again @195.66. Since GU, UJ, GJ are all quite oversold. Treasuries and Dow were in strong closed. Chances are this pair is gonna bounce with 5 & 15 min macd confirmed.
- #117,280
- Sep 25, 2008 3:24pm Sep 25, 2008 3:24pm
about the GB, that they are pretty much in the same boat as the US.
And instead of coping to it when we did they swept it under the rug and held rates while we cut cut cut down to 2%. We will seem to be recovering after this bailout. But GB will be going deeper into a credit crisis and LT it looks like they will have to cur rates several times. And when GB cuts rates several times and US raises rates, that should cause GU to tank.
When US rates overtake GB rates, it will be like when it went the other way and GU soared up to 210. Based on that I think it is highly possible that before this mess is over for GB, they could find GU back down in the 150's.
A clear indication of a countrys demand for their currency worldwide is based on their rate. And I can assure you that if US is at 2% now and GB is at 5%,
that as US raises their rates and GB cuts their, that this will be the cause of a LT decline in the value of the GBP vs the USD.
Anyone disagree me with? None of this is even based on any charts, But I know people in GB and things aren't any better there then they are here economy wise. And we certainly have to be at an advantage now coming out of this bailout with treasuries increasing and the likelyhood of a rate increase for the USD as soon as next month or in November.
It is not a matter of not thinking that GU can tank that low. Look at the economic facts and world actions and conditions. GB is in trouble.
And instead of coping to it when we did they swept it under the rug and held rates while we cut cut cut down to 2%. We will seem to be recovering after this bailout. But GB will be going deeper into a credit crisis and LT it looks like they will have to cur rates several times. And when GB cuts rates several times and US raises rates, that should cause GU to tank.
When US rates overtake GB rates, it will be like when it went the other way and GU soared up to 210. Based on that I think it is highly possible that before this mess is over for GB, they could find GU back down in the 150's.
A clear indication of a countrys demand for their currency worldwide is based on their rate. And I can assure you that if US is at 2% now and GB is at 5%,
that as US raises their rates and GB cuts their, that this will be the cause of a LT decline in the value of the GBP vs the USD.
Anyone disagree me with? None of this is even based on any charts, But I know people in GB and things aren't any better there then they are here economy wise. And we certainly have to be at an advantage now coming out of this bailout with treasuries increasing and the likelyhood of a rate increase for the USD as soon as next month or in November.
It is not a matter of not thinking that GU can tank that low. Look at the economic facts and world actions and conditions. GB is in trouble.
The next logical step after the bailout would be a dollar rate increase, that's why the GU is preemptively shorted, hopefully UJ will push up stronger