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

  • #187,021
  • Aug 2, 2009 6:31pm Aug 2, 2009 6:31pm
Quoting ewokuk
logic?
some logic.
  • #187,022
  • Aug 2, 2009 6:33pm Aug 2, 2009 6:33pm
Just to clarify on some of the misinformation re the NFA, you do not need to open a offshore account to avoid their draconian guidelines. The NFA is nothing more than a umbrella organization (trying to monopolize the industry) that brokers are urged to voluntarily join. Not all US brokers have. There are lists out there of the few that are not, but I might point out that the collectivefx folks are one of few have no regard for the NFA. While some may point to their newness, it's key to look at the facts behind their business model. (ie., usage of a mix of top tier providers like UBS, Saxo, Hot Spot, FXCM, Currenex, Barclays, BOA & they could care less if you scalp 2 pips in 2 seconds or run profitable EAs)

Certainly their disregard for the high-handedness of the NFA should not be a negative, given all the shenanigans routinely employed by most onshore and NFA brokers. And their US presence I feel offers more assurance than that of a offshore-to-you account elsewhere. There are monthly account fees based on trading tiers (I think $147/month is open right now), but their data is not padded and spreads are incredibly good, so the math is on your side, even for low-to-mid volume traders; ie., spread on GBPJPY is down to 3.5, compared to many dealing with a ridiculous 9 pips. Not advertising, just offering clarification on the lowly NFA and alternatives.
  • #187,023
  • Aug 2, 2009 6:38pm Aug 2, 2009 6:38pm
Quoting cullian
Aren't you still holding that long from 118?

Are you asking ME?

No .. I closed them all at 152xx.. Regretfully... since then been just Day trading..
Markets are not Random, they are designed!
  • #187,024
  • Aug 2, 2009 6:42pm Aug 2, 2009 6:42pm
Quoting Raza
Are you asking ME?

No .. I closed them all at 152xx.. Regretfully... since then been just Day trading..
did you get your 20 pips yet?
  • #187,025
  • Aug 2, 2009 6:48pm Aug 2, 2009 6:48pm
Quoting Beljevina
Just to clarify on some of the misinformation re the NFA, you do not need to open a offshore account to avoid their draconian guidelines. The NFA is nothing more than a umbrella organization (trying to monopolize the industry) that brokers are urged to voluntarily join. Not all US brokers have. There are lists out there of the few that are not, but I might point out that the collectivefx folks are one of few have no regard for the NFA. While some may point to their newness, it's key to look at...
Okay, so according to their website they are Delaware based (that IS off shore if I am well informed) and they are not regulated. It's totally unclear how they make their money. They claim their different price feeds. They have Barclays on but also FXCM? That doesn't sound very logcal. And you have a better feeling with those guys than say a regulated London based brokerage? I can't prove anything but it smells a bit scammy to me, sorry.
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  • #187,026
  • Edited 7:19pm Aug 2, 2009 6:55pm | Edited 7:19pm
Quoting cullian
did you get your 20 pips yet?
YES... 20 pips x few lots.
Markets are not Random, they are designed!
  • #187,027
  • Aug 2, 2009 6:59pm Aug 2, 2009 6:59pm
Quoting Raza
YES...
  • #187,028
  • Aug 2, 2009 7:18pm Aug 2, 2009 7:18pm
Quoting azibi
Okay, so according to their website they are Delaware based (that IS off shore if I am well informed) and they are not regulated. It's totally unclear how they make their money. They claim their different price feeds. They have Barclays on but also FXCM? That doesn't sound very logcal. And you have a better feeling with those guys than say a regulated London based brokerage? I can't prove anything but it smells a bit scammy to me, sorry.
So be it. I'm not their salesman, just offering them as an alternative, one that at least I have had no reason to doubt thus far. I've actually spoken to some of the owners on the phone. They basically set up shop for themselves to trade and get better rates through volume, hence opening up their 'collective' to the public. I don't believe they're there to make money from the operation, but rather are looking for profit through better spreads for whoever is part of the corporation. Sure, it's shocking radical, but then so are the many fine, moral & profitable/intelligent folks sharing their input here on FF. They have skeleton support and overhead hence few expenses, and I'll guess that's why they incorporated in Delaware (as have 50% of Fortune 500 companies). I don't think most of the owners reside in the US. I think they use different providers for different pairs, hence FXCM. Sure, one might say I took a chance, but I'm whole so far (and thankfully profitable!), and loving it. Just a single user's input, nothing else.
  • #187,029
  • Aug 2, 2009 7:34pm Aug 2, 2009 7:34pm
Quoting Beljevina
So be it. I'm not their salesman, just offering them as an alternative, one that at least I have had no reason to doubt thus far. I've actually spoken to some of the owners on the phone. They basically set up shop for themselves to trade and get better rates through volume, hence opening up their 'collective' to the public. I don't believe they're there to make money from the operation, but rather are looking for profit through better spreads for whoever is part of the corporation. Sure, it's shocking radical, but then so are the many fine, moral...
Be cautious with them. Brokers are required to have sufficent amount of capitalization. Many have gone down the tubes because they fell short in that department. I was stuck in FxLiquidity a while back till they were liquidated after more than 8 or 10 months and their accounts were picked up by GFT. Fortunately didnt loose the money deposited, but it was still inconvenient none the less. I may be off on this number but I think $15 million may be the bare minimum capitalization, which is nothing compared to the larger brokers.
  • #187,030
  • Aug 2, 2009 7:55pm Aug 2, 2009 7:55pm
Looks like we are gonna have another Doji or Spinning top on WEEKLY.

That should be around 157.06

For the up side for this candle 160.32 - -47 . Have one more Hour left.. for the close of the candle.

I think its range time till NY opens...
Markets are not Random, they are designed!
  • #187,031
  • Aug 2, 2009 8:09pm Aug 2, 2009 8:09pm
Hello Guy, Welcome to August Candle. Nice Doji at Monthly Chart.
  • #187,032
  • Aug 2, 2009 8:21pm Aug 2, 2009 8:21pm
Quoting Raza
Looks like we are gonna have another Doji or Spinning top on WEEKLY.

That should be around 157.06

For the up side for this candle 160.32 - -47 . Have one more Hour left.. for the close of the candle.

I think its range time till NY opens...
weekly looks like it wants to retest 163
  • #187,033
  • Aug 2, 2009 8:32pm Aug 2, 2009 8:32pm
Quoting cullian
weekly looks like it wants to retest 163
Remember...LOOKS can be DECEIVING...
  • #187,034
  • Aug 2, 2009 8:42pm Aug 2, 2009 8:42pm
Quoting PandoraBox
Hello Guy, Welcome to August Candle. Nice Doji at Monthly Chart.

Mine Hanging man...Mine still undecision as she able to go both side either 160.50 or back to 156 area...Weekly look ready for 156 but am still out atm
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  • #187,035
  • Aug 2, 2009 8:49pm Aug 2, 2009 8:49pm
Quoting grashid
Mine Hanging man...Mine still undecision as she able to go both side either 160.50 or back to 156 area...Weekly look ready for 156 but am still out atm
If we take daily as our reference, she will going down to 155 ~ 153.72. I will upload my analysis at News Thread. For short better wait till H1 and H4 OB.
  • #187,036
  • Aug 2, 2009 9:04pm Aug 2, 2009 9:04pm
Quoting PandoraBox
If we take daily as our reference, she will going down to 155 ~ 153.72. I will upload my analysis at News Thread. For short better wait till H1 and H4 OB.
waiting till H1 and H4 OB is a good idea bro.....
  • #187,037
  • Aug 2, 2009 9:14pm Aug 2, 2009 9:14pm
ok guys, i closed my short with 0 pip , but i will put a sell stop under the 158 , my outlook is still bullish, i'll wait to catch a really big fish.

good luck guys
Making money not by predicting just by following ...
  • #187,038
  • Aug 2, 2009 9:17pm Aug 2, 2009 9:17pm
This triple bearish divergence in the one hour RSI looks a bit scary. Overall I am bullish but for the s/t this might bring us back to the lower support levels.....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy hourly bearish divergence.jpg Size: 59 KB
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  • #187,039
  • Aug 2, 2009 10:02pm Aug 2, 2009 10:02pm
Quoting azibi
This triple bearish divergence in the one hour RSI looks a bit scary. Overall I am bullish but for the s/t this might bring us back to the lower support levels.....
I think this week we will have a Range between. 160.50 - 150.50... 1000pips.

UP first or Down... dont know..

Its only 200 pips.. away from 160.50...thats just too easy...

But going to 150.50 then up to 160.50 would be more fun..IMO. (weekly)

But 157.53 will happen today... soon
Markets are not Random, they are designed!
  • #187,040
  • Aug 2, 2009 10:03pm Aug 2, 2009 10:03pm
Quoting Raza
I think this week we will have a Range between. 160.50 - 150.50... 1000pips.

UP first or Down... dont know..

Its only 200 pips.. away from 160.50...thats just too easy...

But going to 150.50 then up to 160.50 would be more fun..IMO. (weekly)
lol .... you been smoking the green stuff ?
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