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

  • #172,421
  • Apr 21, 2009 11:14pm Apr 21, 2009 11:14pm
Quoting pipmyride
mal - nice to see u posting more value as we're used to

thanks

I thought about it and I know a lot of trader get knowledge from my posts , so why let a few free loaders spoil it for the rest
Blogging daily now at www.volume.zone
  • #172,422
  • Apr 21, 2009 11:32pm Apr 21, 2009 11:32pm
Quoting malcolmb14
this made me stop and look 60 min ... did not see that TL ,

so we have a really nice downward channel as long as price remains under 145.

using symmetry of moves

147 to 141.5 = 550
up move 141.5 to 145 = 350
145 to 139.5 ? could be a possibility

just have to wait and see what London brings ..as i mentioned in last post 143 is critical , lots of wood to chop above us , look at the HV levels for last 5 days above price. ... each level there maybe sellers lurking

Attachment
Hourly lower Bollinger band is around 142.50 area, may also serve as a decision point.
  • #172,423
  • Apr 22, 2009 12:01am Apr 22, 2009 12:01am
Quoting malcolmb14
this made me stop and look 60 min ... did not see that TL ,

so we have a really nice downward channel as long as price remains under 145.

using symmetry of moves

147 to 141.5 = 550
up move 141.5 to 145 = 350
145 to 139.5 ? could be a possibility

just have to wait and see what London brings ..as i mentioned in last post 143 is critical , lots of wood to chop above us , look at the HV levels for last 5 days above price. ... each level there maybe sellers lurking

Attachment

that TL is part of shi channel but now geppy is at 1h 50 EMA. it should break this one to touch that area
  • #172,424
  • Apr 22, 2009 12:02am Apr 22, 2009 12:02am
Quoting suntzu
that TL is part of shi channel but now geppy is at 1h 50 EMA. it should break this one to touch that area
50 SMA not EMA
  • #172,425
  • Apr 22, 2009 12:15am Apr 22, 2009 12:15am
Quoting Eulogy
The reasoning behind this is to do with the relationship between equity prices and capital inflows/outflows. Traditionally the jpy has had the lowest interest rate of all the developed nations spurred since the crash of the nikkei. As a method to achieving superior returns investors usually borrowed from the yen in order to invest in currencies/equities etc where the yield was higher. The general consensus was that if the equity market was positive, it was a good time to leverage into it using the yen. In relation to FX this amounted to net outflows...
Nice explanation!

  • #172,426
  • Apr 22, 2009 12:23am Apr 22, 2009 12:23am
Looks like an upward trend since around Jan 23, to about 155.87. At least to me.
unless it goes under 141.85
  • #172,427
  • Apr 22, 2009 12:52am Apr 22, 2009 12:52am
Just out of curiosity, which pair do you think responds to trendlines better? GBP/USD or GBP/JPY?
  • #172,428
  • Apr 22, 2009 12:58am Apr 22, 2009 12:58am
Quoting belief
Just out of curiosity, which pair do you think responds to trendlines better? GBP/USD or GBP/JPY?

GJ follow Gu...pair as nothing to do with trendline respond it depend on how u manuel set ur trendline there u will have a key level of ur support and resistance..
All i use is Moving Average, fibo, trendline and PA.
very profitable..just check them out
MY OPINION NOT FINANCIAL ADVISE
  • #172,429
  • Apr 22, 2009 1:05am Apr 22, 2009 1:05am
Quoting belief
Just out of curiosity, which pair do you think responds to trendlines better? GBP/USD or GBP/JPY?
All pairs respond to TLs but It's the matter of whether you draw them correctly or not.
Discipline + Patience - Fear - Greed = Success
  • #172,430
  • Apr 22, 2009 1:07am Apr 22, 2009 1:07am
Quoting arezab
All pairs respond to TLs but It's the matter of whether you draw them correctly or not.
that is true...pair dont care about respond it's the manuel drawing will code them strong.
MY OPINION NOT FINANCIAL ADVISE
  • #172,431
  • Apr 22, 2009 1:14am Apr 22, 2009 1:14am
errr whaaa........? 50+ pip spike after Asian market close
  • #172,432
  • Apr 22, 2009 1:15am Apr 22, 2009 1:15am
Quoting donfriday
that is true...pair dont care about respond it's the manuel drawing will code them strong.
But then isn't cross pairs a 'derivatives' of majors pairs mathematically speaking?
  • #172,433
  • Apr 22, 2009 1:20am Apr 22, 2009 1:20am
Quoting Eulogy
errr whaaa........? 50+ pip spike after Asian market close
What time does the Asian market close? I was under the impression Tokyo times are 0H00 to 09H00 GMT?
  • #172,434
  • Apr 22, 2009 1:21am Apr 22, 2009 1:21am
Quoting belief
But then isn't cross pairs a 'derivatives' of majors pairs mathematically speaking?

well not sure abt ur question..maybe u should read abt the type of strategy u want to use in ur trading plan...i cannot use them all so i have stick to my current skills and it work..trendline are not that difficult just look for some of the post they post here and u will have some clue how to do them ur own way..
MY OPINION NOT FINANCIAL ADVISE
  • #172,435
  • Apr 22, 2009 1:24am Apr 22, 2009 1:24am
Quoting belief
But then isn't cross pairs a 'derivatives' of majors pairs mathematically speaking?
Irrelevant ... They still follow their own TLs.
Discipline + Patience - Fear - Greed = Success
  • #172,436
  • Apr 22, 2009 1:24am Apr 22, 2009 1:24am
Quoting Charle
What time does the Asian market close? I was under the impression Tokyo times are 0H00 to 09H00 GMT?

tokyo not close yet..sydney did..maybe he made mistake..
MY OPINION NOT FINANCIAL ADVISE
  • #172,437
  • Apr 22, 2009 1:25am Apr 22, 2009 1:25am
Quoting donfriday
tokyo not close yet..sydney did..maybe he made mistake..
I made no mistake. Nikkei closed 25 mins ago, same time as the ASX
  • #172,438
  • Apr 22, 2009 1:31am Apr 22, 2009 1:31am
Quoting Eulogy
I made no mistake. Nikkei closed 25 mins ago, same time as the ASX
Tokyo closes at 3AM EST. The spike was Frankfurt opening, which was at 2AM EST.
  • #172,439
  • Apr 22, 2009 1:35am Apr 22, 2009 1:35am
Quoting Charle
What time does the Asian market close? I was under the impression Tokyo times are 0H00 to 09H00 GMT?

Charle,

Refer to below link for markey opening/closig time.

http://forex.timezoneconverter.com/i...ne=Asia/Muscat;
"Not all leaders were born equal...A few were born to WIN"
  • #172,440
  • Apr 22, 2009 1:43am Apr 22, 2009 1:43am
Quoting ndhoanggia
Tokyo closes at 3AM EST. The spike was Frankfurt opening, which was at 2AM EST.
Daylight savings calculations can really be a pain

Either way, whatever flips your boat, the Nikkei closed over 40 minutes ago. Not sure what datafeed you're receiving if it is still moving.
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