bringin sexy back - stochastics | Page 34 | Forex Factory

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Would it be too much trouble to pay me back my $20,000, my sexy darling? 646 replies

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bringin sexy back - stochastics

  • #661
  • Edited 5:31pm Mar 26, 2007 5:20pm | Edited 5:31pm
Quoting traderis
was this setup good for eur/jpy
Personally, that pair seems very overbought at this time. My preference would be to wait for the 5 to cycle down, cross and I would get in then when it has just crossed and is about to turn up.

That is just my way of trading in the hope of maximizing the pips I gain.

Traderis, thank you for the PM but since FF does not have any contact information listed for you, I have no way to get back to you. There is no way to PM or email you a response. You might want to use the FF system to email me your email contact information.
  • #662
  • Edited 6:50pm Mar 26, 2007 6:29pm | Edited 6:50pm
Well, I tried to catch a few ZZZ's before the Aus/Asian session and got stopped out of my GY long trade, but hey, I still made +23 pips. I'll take it, but I also missed another good entry while I was snoozing! DOH!! Oh well, I needed the ZZZ's...

http://creations4christ.com/forex/as...gy%20setup.gif
  • #663
  • Mar 27, 2007 4:27am Mar 27, 2007 4:27am
Looks good on all time frames. The prettiest is the 30M, but all charts through the 4H look to some extent good. Should be a very nice trade.
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  • #664
  • Mar 27, 2007 7:11am Mar 27, 2007 7:11am
Are you guys liking this one? Let me know what you think? I think I do. Will wait and see, though. It still could take off northbound.
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Life is too short to have anything but delusional notions about yourself.
  • #665
  • Mar 27, 2007 7:26am Mar 27, 2007 7:26am
Took +50 pips from USD/Cad yesturday . How about eur/jpy ? Is it formating now?
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  • #666
  • Mar 27, 2007 7:53am Mar 27, 2007 7:53am
Quoting hoss
Are you guys liking this one? Let me know what you think? I think I do. Will wait and see, though. It still could take off northbound.
loos good...im seeing that too..should wait for the nonlagMA to turn red(down) atleast...anyway..let see if that happens
  • #667
  • Mar 27, 2007 8:02am Mar 27, 2007 8:02am
Quoting joelabu
loos good...im seeing that too..should wait for the nonlagMA to turn red(down) atleast...anyway..let see if that happens
Nonlagma is red now . We should wait for the move
Edit:It is treding on TF 15m 1h and 4h ? Am i right?
  • #668
  • Mar 27, 2007 8:24am Mar 27, 2007 8:24am
Quoting traderis
Nonlagma is red now . We should wait for the move
Edit:It is treding on TF 15m 1h and 4h ? Am i right?
Im seeing it on M15, what is a good entering point? 0.6782?...any suggestion?

hope will catch a big one with this
  • #669
  • Mar 27, 2007 8:27am Mar 27, 2007 8:27am
i/v joined gpb/jpy too . +14 now
  • #670
  • Mar 27, 2007 8:46am Mar 27, 2007 8:46am
nice trade guys.

Quoting traderis
i/v joined gpb/jpy too . +14 now
Life is too short to have anything but delusional notions about yourself.
  • #671
  • Mar 27, 2007 9:11am Mar 27, 2007 9:11am
I apologize for not checking my post a few hours ago when I first suggested this trade. I just posted and went to bed and did not realize that the chart which got included did not have the stochastics on it.

I took the trade I suggested and I am +35 pips. There was very little risk of this trade going north since so many different time frames all showed a move south. That made it a high probability trade, the only kind I will take and also go to sleep. Otherwise I tend to babysit trades, if I do not consider them extremely high probability.

As to EUR/JPY, I would not feel nearly as confident about taking that trade. If you consider the relationship of the pairs involved, USD/JPY is mostly moving sideways, cable has been dropping but fiber has not. As a result, GBP/JPY is in a far better position to drop than EUR/JPY is. It is safer, at least right now, to have your money on GBP/JPY short.
  • #672
  • Mar 27, 2007 9:13am Mar 27, 2007 9:13am
And how about gpb/chf setup ? Look 15m 30m and 1h trending nicely . But it is against 4h What are your opinions?
  • #673
  • Mar 27, 2007 9:35am Mar 27, 2007 9:35am
Quoting traderis
And how about gpb/chf setup ? Look 15m 30m and 1h trending nicely . But it is against 4h What are your opinions?
In general GBP/CHF and GBP/JPY move in similar ways, therefore if one is going down usually the other will also. Since these pairs move about the same amount, there is no real advantage to trading one of them over the other. The best idea with those 2 pairs is to pick the one you prefer and trade that one. As for me, I happen to prefer GBP/JPY/

In the case of GBP/JPY and EUR/JPY, the reason for preferring to trade GBP/JPY is because it generally moves about 1/3 further on the moves. In the current circumstance where cable and fiber are not moving parallel to each other the way they usually do, it is doubly preferable to trade GBP/JPY since the pound seems to be much weaker than the euro at the moment.
  • #674
  • Mar 27, 2007 9:54am Mar 27, 2007 9:54am
Quoting moonchild
In general GBP/CHF and GBP/JPY move in similar ways, therefore if one is going down usually the other will also. Since these pairs move about the same amount, there is no real advantage to trading one of them over the other. The best idea with those 2 pairs is to pick the one you prefer and trade that one. As for me, I happen to prefer GBP/JPY/

In the case of GBP/JPY and EUR/JPY, the reason for preferring to trade GBP/JPY is because it generally moves about 1/3 further on the moves. In the current circumstance where cable and fiber are not moving parallel to each other the way they usually do, it is doubly preferable to trade GBP/JPY since the pound seems to be much weaker than the euro at the moment.
Another option is to trade the one with the better swap... GBP/JPY has an horrible swap if you sell the pair, GPB/CHF is better ( near to 0 as the IR is 5% vs 5.5% )
  • #675
  • Mar 27, 2007 10:22am Mar 27, 2007 10:22am
eur/gbp M15 has been consolidating for a while now...is this one going big? because 20,50 is really near to overbought and 100 is already in overbought?...any suggestion?
  • #676
  • Mar 27, 2007 11:14am Mar 27, 2007 11:14am
Quoting melpheos
Another option is to trade the one with the better swap... GBP/JPY has an horrible swap if you sell the pair, GPB/CHF is better ( near to 0 as the IR is 5% vs 5.5% )
Interesting thought!

Never really worried much about the swap on GJ because I rarely hold it long enough.

This situation could make for a very interesting hedge, going long on GJ and short on GC so that you could collect the difference in swaps. May need to look into that some time.
  • #677
  • Mar 27, 2007 11:38am Mar 27, 2007 11:38am
Quoting joelabu
eur/gbp M15 has been consolidating for a while now...is this one going big? because 20,50 is really near to overbought and 100 is already in overbought?...any suggestion?
I have been looking at that pair and the set up looks good, or at least what looks as though it is going to be a good set up seems to be developing on several time frames.

HOWEVER, I for one, will not take a short on this pair. When I look at fiber and cable, for a short to work out cable would have to be stronger than fiber, or at least the pound would need to be stronger than the euro and that just is not the case at the moment. As a result I see a short here as a high risk trade.

I should also mention that I have been short on this pair and closed the trade yesterday with a profit and opened a long on the basis of a daily pin bar. That trade is currently in profit also and while I am watching it carefully, I am not closing in on the basis of the stochastics because the fundamentals are just too far against a short right now.
  • #678
  • Mar 27, 2007 6:30pm Mar 27, 2007 6:30pm
Quoting moonchild
I have been looking at that pair and the set up looks good, or at least what looks as though it is going to be a good set up seems to be developing on several time frames.

HOWEVER, I for one, will not take a short on this pair. When I look at fiber and cable, for a short to work out cable would have to be stronger than fiber, or at least the pound would need to be stronger than the euro and that just is not the case at the moment. As a result I see a short here as a high risk trade.

I should also mention that I have been short on this pair and closed the trade yesterday with a profit and opened a long on the basis of a daily pin bar. That trade is currently in profit also and while I am watching it carefully, I am not closing in on the basis of the stochastics because the fundamentals are just too far against a short right now.
Yeah u r right! It didnt work out, it was going against the trend, anyway i too didnt short on this one, would have made a bad trade...
  • #679
  • Mar 27, 2007 8:17pm Mar 27, 2007 8:17pm
Nice looking charts in the higher time frames. Overall they show DOWN.

This pair is way too high right now. The NZ economy is very weak and there is no real reason other than the carry trade for this pair to be as high as it is.
It has risen from .5900 to .7200 since last summer. That is a huge % increase without an economic basis for it.

In addition there is a very pretty pinbar on the daily chart and I have a sell stop order waiting at .7150.
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  • #680
  • Mar 28, 2007 4:05am Mar 28, 2007 4:05am
I'm up 113 pips on an short of GBPYen and it's going to dip down again
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