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

  • #149,701
  • Dec 16, 2008 2:23pm Dec 16, 2008 2:23pm
Quoting Islander
Nice call - as I've been saying frequently, its often best to trade one of the pairs rather than a cross......
Totally agree. I use to only trade g/j until I realized, it better for my to trade less expensive pairs, like most of the majors, than it is to trade a cross (especially a high spread cross).

During which ... I seems to be more profitable trading e/u & u/j, which are two of the most affordable pairs around. Though I do trade eur/gbp & eur/chf ... but not much.
  • #149,702
  • Dec 16, 2008 2:26pm Dec 16, 2008 2:26pm
Quoting fesi1
it should be beter wait for dow ehere itg gonng 8900 or 9000

yep, well there goes 139
  • #149,703
  • Dec 16, 2008 2:28pm Dec 16, 2008 2:28pm
Quoting hadleyma
yep, well there goes 139
because dow makes spike to 9000
  • #149,704
  • Dec 16, 2008 2:31pm Dec 16, 2008 2:31pm
up baby up!!!
  • #149,705
  • Dec 16, 2008 2:32pm Dec 16, 2008 2:32pm
this cracks me up ...

why is the dj going up ? cheap interest rates going to help companines bottom lines ? NO they cut interest rates to .25% as the economy is crap ... simple as that ... most companies will go bankrupt before they even have a chance to worry about low interest rates ... lol

just trade the charts ... thats all we can do as nothing makes any sense anymore

YM is breaking the daily 50 sma for the 1st time since 11500
Blogging daily now at www.volume.zone
  • #149,706
  • Dec 16, 2008 2:33pm Dec 16, 2008 2:33pm
Quoting fesi1
because dow makes spike to 9000

NOthing to do with dow .....

the dj is correlated with UJ .....

the reason gj hit 139 is GU , which frankly these days is WAY better to trade than GJ
Blogging daily now at www.volume.zone
  • #149,707
  • Dec 16, 2008 2:35pm Dec 16, 2008 2:35pm
I'm not touching GJ its a tease. I'm all AU, EU and GU
Patience + Humility + Study = Success
  • #149,708
  • Dec 16, 2008 2:35pm Dec 16, 2008 2:35pm
Quoting malcolmb14
NOthing to do with dow .....

the dj is correlated with UJ .....

the reason gj hit 139 is GU , which frankly these days is WAY better to trade than GJ

What's your rationale behind that reasoning? Just curious. in regards to trading Gu vs Gj
  • #149,709
  • Dec 16, 2008 2:47pm Dec 16, 2008 2:47pm
Quoting hadleyma
What's your rationale behind that reasoning? Just curious. in regards to trading Gu vs Gj

typically when the market goes up you notice that UJ goes up with it and the GU goes up with it also due to oneyt being moved from bonds to stocks

, Today in the up move due opf the DJ the Uj was heading down , BUT the GU was heading up twice as fast ... this is what took the GJ up ... if the Uj had been heading down twice as fast as GU was heading up then it would have gone down.

The gj was not really correlated to the markets today
Blogging daily now at www.volume.zone
  • #149,710
  • Dec 16, 2008 2:52pm Dec 16, 2008 2:52pm
GBP/USD has moved 200 pips so far
EUR/USD by 300 pips

Where's G/J?
"People sometimes mistake luck with skill"
  • #149,711
  • Dec 16, 2008 2:57pm Dec 16, 2008 2:57pm
Quoting malcolmb14
not seeing the bearish div there Godfrey

seeing as the rsx is still up trend and might bounce off tl support and the 50 sma forming support, a nice rounded bottom of 14600 with a sweet bullish div on rsx . I only just starting using rsx this week ...... and wow do those divergences jump out at you

If 1.4900 holds this week and DX break 84 for sure we will see a move to 1.5258 and maybe even 1.5600.

The hedgies have till Dec 24 to get rid of their losers for tax losses ( at this point they could be stuck with both longs and shorts as losers)...

there is the 2nd target 1.56000 ... just hit ... now wonder if it can make it all way to 1.6000
Blogging daily now at www.volume.zone
  • #149,712
  • Dec 16, 2008 3:00pm Dec 16, 2008 3:00pm
Is It Normal That The Usd/jpy Is Going Down And Diji Is Going Up ?
Anyone Have The Answer???
  • #149,713
  • Dec 16, 2008 3:04pm Dec 16, 2008 3:04pm
Quoting anthonykay
Is It Normal That The Usd/jpy Is Going Down And Diji Is Going Up ?
Anyone Have The Answer???
no it is not ... but then nor is USD getting crushed and oil going down , or eu flying up and oil going down

the market mechnics are not working that well recently and alot of things are out of sync ... choose one thing and trade the chart for it. Do not worry about everything else
Blogging daily now at www.volume.zone
  • #149,714
  • Dec 16, 2008 3:09pm Dec 16, 2008 3:09pm
lol i place a trade on the wrong currency and made 40 pips.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #149,715
  • Dec 16, 2008 3:09pm Dec 16, 2008 3:09pm
Where is GU going anyway?
  • #149,716
  • Dec 16, 2008 3:12pm Dec 16, 2008 3:12pm
Bearish div all over the place for GU and GJ ..
  • #149,717
  • Dec 16, 2008 3:14pm Dec 16, 2008 3:14pm
Quoting forter
Where is GU going anyway?


has to be 1.6000 ... liekly we will get a pullback in asia then another 400 points up in London


we stop dead on the 78.6 fe

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  • #149,718
  • Dec 16, 2008 3:16pm Dec 16, 2008 3:16pm
Quoting mktjong
Bearish div all over the place for GU and GJ ..

will not work with these impulsive moves...

I thought gu going down for sure ... and here we are 300 pips later and higher ...lol
Blogging daily now at www.volume.zone
  • #149,719
  • Dec 16, 2008 3:19pm Dec 16, 2008 3:19pm
Quoting malcolmb14
will not work with these impulsive moves...

I thought gu going down for sure ... and here we are 300 pips later and higher ...lol
It's mind-bogging that GU shot up 300pips!!

Yesterday was abt 400pips, & the retrace like 100!?
  • #149,720
  • Dec 16, 2008 3:19pm Dec 16, 2008 3:19pm
Quoting malcolmb14
will not work with these impulsive moves...

I thought gu going down for sure ... and here we are 300 pips later and higher ...lol
Yup .. caught me off guard as well .. I think it would go down in Asia as you mentioned.
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