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

  • #117,841
  • Sep 29, 2008 3:35am Sep 29, 2008 3:35am
here is a website for all questions..
www.babypips.com



Quoting gillybabe
Sorry for ignorance but what is a carry?
[
  • #117,842
  • Sep 29, 2008 3:36am Sep 29, 2008 3:36am
Quoting gillybabe
Sorry for ignorance but what is a carry?

carry trades are long term "long-buying" orders. traders who make carry trades aim for both pips and long term interest.

as far as i've known, yen pairs are the most popular for these trades.

carry unwinding = bearish market on daily/weekly/monthly level.
  • #117,843
  • Sep 29, 2008 3:37am Sep 29, 2008 3:37am
Quoting rgitt05
here is a website for all questions..
www.babypips.com

that too.
  • #117,844
  • Sep 29, 2008 3:39am Sep 29, 2008 3:39am
Thanks
  • #117,845
  • Sep 29, 2008 3:43am Sep 29, 2008 3:43am
Quoting lilmoe
that's 6 month old news for the big players. retracements are always an option.

i'll start picking tops again at 197 all the way to 203.60
As i see on my charts price is testing daily GaNN levels if we get a daily bar closing below gann @191.20 we may see bear party later the week. as for taking long i wont be comfortable before price closes above 4 hr gann
  • #117,846
  • Sep 29, 2008 3:44am Sep 29, 2008 3:44am
5m/15m indicating bearish continuation pattern
Trade what you see, not what you think.
  • #117,847
  • Sep 29, 2008 3:48am Sep 29, 2008 3:48am
Quoting lilmoe
nope, we have a monthly cycle that isn't over yet. we should see sub 180 in coming weeks/months. we're only in retracement/correction mode ATM.

but i could be wrong of course.
One more question my friend, If this thing gets aproveed today, the general feeling for everyone here at the forum is to go North.

Do we fundamentally KNOW that if the bailout is aproveed we are jumping to the highs or we are just speculating??, if so, can someone ellaborate on this, and why?

I am concerned, because, all day, the EU has been falling bringing down the GU and then our little crepy mounster. Thing is, how sure are we that this is not going to tank to hell, it has been doing so since the oppening.
The market can stay irrational, longer than you can stay solvent.
  • #117,848
  • Sep 29, 2008 3:50am Sep 29, 2008 3:50am
Quoting karmostaji
5m/15m indicating bearish continuation pattern
where where!
The market can stay irrational, longer than you can stay solvent.
  • #117,849
  • Sep 29, 2008 3:53am Sep 29, 2008 3:53am
Quoting karmostaji
5m/15m indicating bearish continuation pattern
some indicators are not working properly because of today's gap on IBFX. i have different readings for m5 and m15, and they both have a good bullish divergence on CCI.
  • #117,850
  • Sep 29, 2008 3:54am Sep 29, 2008 3:54am
Quoting bmvmx
One more question my friend, If this thing gets aproveed today, the general feeling for everyone here at the forum is to go North.

Do we fundamentally KNOW that if the bailout is aproveed we are jumping to the highs or we are just speculating??, if so, can someone ellaborate on this, and why?

I am concerned, because, all day, the EU has been falling bringing down the GU and then our little crepy mounster. Thing is, how sure are we that this is not going to tank to hell, it has been doing so since the oppening.
nothing's for sure, and i'm not really sure u should be asking me when it comes to fundies. i only follow my charts, because i believe fundies can change in a matter of hours.
  • #117,851
  • Sep 29, 2008 3:56am Sep 29, 2008 3:56am
Quoting bmvmx
where where!
based on the QQE and gann hilo
Trade what you see, not what you think.
  • #117,852
  • Sep 29, 2008 4:01am Sep 29, 2008 4:01am
Quoting karmostaji
based on the QQE and gann hilo
I see QQE indicating bull as well as gann over that TFs, how can I see this bearish continuation.

Is it because of the values at QQE?
The market can stay irrational, longer than you can stay solvent.
  • #117,853
  • Sep 29, 2008 4:03am Sep 29, 2008 4:03am
Quoting bmvmx
I see QQE indicating bull as well as gann over that TFs, how can I see this bearish continuation.

Is it because of the values at QQE?
15m QQE is crossed up but price hasn't been able to close above 15m gann.

5m QQE is already at 50 but price has moved to little and the QQE has crossed upwards way before the 5m candle could close above it's gann.

plus I see a bear flag on the 5m chart.
Trade what you see, not what you think.
  • #117,854
  • Sep 29, 2008 4:03am Sep 29, 2008 4:03am
hi guys. Good a.m
  • #117,855
  • Sep 29, 2008 4:06am Sep 29, 2008 4:06am
Quoting lilmoe
nothing's for sure, and i'm not really sure u should be asking me when it comes to fundies. i only follow my charts, because i believe fundies can change in a matter of hours.
I knew sorry, I thought I was missing something about how it was going to affect it. I am in the same boat with you, what I see on the charts I will follow, (plus a little advice from the seniors traders here ).

lets see what happenz.
The market can stay irrational, longer than you can stay solvent.
  • #117,856
  • Sep 29, 2008 4:11am Sep 29, 2008 4:11am
Quoting karmostaji
15m QQE is crossed up but price hasn't been able to close above 15m gann.

5m QQE is already at 50 but price has moved to little and the QQE has crossed upwards way before the 5m candle could close above it's gann.

plus I see a bear flag on the 5m chart.
Got it, so, bassically we are seeing a rejection from the price at gann 15m,
QQE crossing up, but since gann has not been able to go below price (bouced), we are specting a continuation south, But if gann closes below, then rev is confirmed right?
The market can stay irrational, longer than you can stay solvent.
  • #117,857
  • Sep 29, 2008 4:21am Sep 29, 2008 4:21am
retest of 50% in progress, i don't think it'll break.
  • #117,858
  • Sep 29, 2008 4:26am Sep 29, 2008 4:26am
Quoting lilmoe
after having some good rest this weekend, and after coming back to look at the charts with a fresh mind;

daily/weekly charts are the best to tell what's going on lately. we have clear rejection of the sub 190 areas and a failure to close below them on the weeklies. therefore, i'm concluding 2 scenarios based on the daily charts:

1) retrace back to 191 area and jumping back up for a good rally that SHOULD reach at least a 50% fibo if not 61.8 of the move down from 215 to 184. i say we should head to the 191 area, because GU is suggesting a bearishness.

2) rally with no retrace to the above fib levels, where UJ is the major player. we should see GU stalling on daily level.

as i mentioned before last week. last week's ranging period HAD to and DID end with a false breakout (which was downwards). i did trade against the breakout on friday's daily s3. this breakout will be confirmed "false" if 197 is taken out. otherwise, and JUST in case, i'm going to start picking tops around 197. if 197 is taken out, then no more longs for me. i'll wait for 200 and 203-204 to start picking tops again. at least that's the plan, for some reason, i don't think i'll be getting the luxery of an easy classic ranging/breakout setup.

good luck all!
i would like to add another important note. if we DONT get a good rally today/tomorrow, then i'll switch to bearish bias on my first m30 signal.
  • #117,859
  • Sep 29, 2008 4:44am Sep 29, 2008 4:44am
ok, now i think it's safe to set my longs at B/E+5
  • #117,860
  • Sep 29, 2008 4:50am Sep 29, 2008 4:50am
longer term is still in favour of 187.54, subject to break of that support, but shorter term of 30 min favours a retrace, so lets so how long the support holds there.
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