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

  • #189,861
  • Aug 19, 2009 10:12pm Aug 19, 2009 10:12pm
Hello thread peoples,

I have been reading a little in here & I thought I would stop in and say hi & thanks to all the experienced traders who contribute regularly and to everyone else, too...

I have been live trading a few months and mostly I just scalp E/U for short targets - 5, 10 pips, like that, and I have been able to grow an account that way. Every time I look into the GBP/JPY I am enticed by the big juicy moves but a little scared as well. And usually have been turned away by the 6+ pip spread. But if the spread is considered relative the the moves, I tell myself, then I should be able to ride some of these waves for short targets just like I do on E/U. Are there any like minded scalpers in the house?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #189,862
  • Aug 19, 2009 10:14pm Aug 19, 2009 10:14pm
Quoting Piters
Some terms I cannot understand .. possibly b/c my bad english.. Just to mention few..:

  1. Risk aversion
  2. Risk appetite
  3. Revised News
  4. Already Priced
  5. ...
  6. ...
  7. ...

In other words.. I got only one common word for all that crap. = EXCUSE.. for weakness, uncomentency, cheat, scam.. ect..

something that's also been bothering me about the US rally is that indicies, bond prices and the VIX all rose significantly.
  • #189,863
  • Aug 19, 2009 10:15pm Aug 19, 2009 10:15pm
Quoting Piters
yes.. and btw.. open your weekly GY with gann and a chanel..

You'll see why we bounced from 153.40

Im expecting a descending wedge formed here with the base at 153.40 (bouncing 3 times) befre we break the weekly SUPPORT.. on GY..

All is set.. EU, GU, S&P, DOW, even asia markets..

another bounce from 153.40 today in NY session and the last should be a breakout to DOWN..
waiting for breakout
  • #189,864
  • Aug 19, 2009 10:17pm Aug 19, 2009 10:17pm
Quoting pipmasterJ1
yes the trend is still down but its working it self for a turn around watch and yall going to say i told you so yen is going to get weak and the bulls going to kicking hard

There are 3 kinds of trends..

1 long term= DOWN

2 Medium term = UP

3 Short term = Down.

So 2 down 1 Up...... we need a 4 one .. Down And UP .??

If they need to they will make Yen Weak + Gbp weak as well.. One slightly weaker than the other..

Dont get married to the Biases.. TRADE YOUR CHARTS.. I had been Burnt for being Stubborn in the past..
Markets are not Random, they are designed!
  • #189,865
  • Aug 19, 2009 10:21pm Aug 19, 2009 10:21pm
Quoting The Fool
Hello thread peoples,

I have been reading a little in here & I thought I would stop in and say hi & thanks to all the experienced traders who contribute regularly and to everyone else, too...

I have been live trading a few months and mostly I just scalp E/U for short targets - 5, 10 pips, like that, and I have been able to grow an account that way. Every time I look into the GBP/JPY I am enticed by the big juicy moves but a little scared as well. And usually have been turned away by the 6+ pip spread. But if the spread is considered relative...
Malcolmb14 is all about scalping... But he is expensive.. and stubborn... and....and.. never mind.... lol..
Markets are not Random, they are designed!
  • #189,866
  • Aug 19, 2009 10:24pm Aug 19, 2009 10:24pm
yea your right raza i believe it will go down before it goes but like you said trade ur chart and my system not giving me clear signal down all tho i thik it might so ima stand out an wait for clear one which i belive will be up then maybe try to catch on its way back down
  • #189,867
  • Aug 19, 2009 10:25pm Aug 19, 2009 10:25pm
Quoting Eulogy
something that's also been bothering me about the US rally is that indicies, bond prices and the VIX all rose significantly.
I saw yesterday too.. in a no time they flipped everything.. but see today from other hand.. when im looking the charts..

The OIL was the "excuse" only for a small intervention on the market, or to STOP from futher declining.. See. for one market as Shanghai to drop 20% in 2 weeks.. that's HUGE.. and from this point. looks as only a begining..

for GY:
before NY GY made 387pips drop or range.. a usual (average) daily range in last 30 days is 250-280p.. so even before NY we already hit the BUMP..
From the other hand.. we bounced from weekly strong Support Trendline at 153.40

again.. OIL was the Excuse only.. just to stop the further DROP.. or a crash.. but
You cannot control all markets.. look the EU and GU.. and finaly Shanghai..(after a rise of almost 3% today.. we are seeing a very volatile session there, down to 1%, so .. 2% of whole index in a mater of minutes ??? LOL.. that's a PANIC MODE - I'll say).
When all attempt ends.. we are going to see another leg down.. probbly in EU/London..
  • #189,868
  • Aug 19, 2009 10:29pm Aug 19, 2009 10:29pm
Quoting pipmasterJ1
yea your right raza i believe it will go down before it goes but like you said trade ur chart and my system not giving me clear signal down all tho i thik it might so ima stand out an wait for clear one which i belive will be up then maybe try to catch on its way back down
To be honest with you my Bias is UP short term till Friday..(option expiry) till 159zone.. But any thing can Happen..ATM just scalping the Shit out of it..

I am also Playing by the DIVERGENCE ON RSI...15M... 1 HR..

154.50 is another interesting place to be,, a small ABC correction.. IMO.
Markets are not Random, they are designed!
  • #189,869
  • Aug 19, 2009 10:32pm Aug 19, 2009 10:32pm
well see it could either way im on the sidelines for now
  • #189,870
  • Aug 19, 2009 10:36pm Aug 19, 2009 10:36pm
Quoting Piters
I saw yesterday too.. in a no time they flipped everything.. but see today from other hand.. when im looking the charts..

The OIL was the "excuse" only for a small intervention on the market, or to STOP from futher declining.. See. for one market as Shanghai to drop 20% in 2 weeks.. that's HUGE.. and from this point. looks as only a begining..

for GY:
before NY GY made 387pips drop or range.. a usual (average) daily range in last 30 days is 250-280p.. so even before NY we already hit the BUMP..
From the other hand.. we bounced from weekly...
There was also the rumour that the government is mulling a second stimulus package, which Gibbs later on subsequently quashed. What i want to know was if the Gibbs announcement was before or after 4pm
  • #189,871
  • Edited 10:57pm Aug 19, 2009 10:42pm | Edited 10:57pm
Quoting Eulogy
There was also the rumour that the government is mulling a second stimulus package, which Gibbs later on subsequently quashed. What i want to know was if the Gibbs announcement was before or after 4pm
Not even officialy.. If something happening.. that is not that close (near).. but as always.. yes. the rumors are another EXCUSE...

we need to see some market danger or CRASHING to GET another INJECTION..
So, YES im thinking the same.. but not from this levels.. - NOONE are going to GIVE them a money if they DONT have TO.. -

So, they have to CREATE a problem, and then to appear with the solution -( in a FORM of another Market INJECTION 700bn or 7.0TL.. or whatever they want).. IMHO..

[WHITE HOUSE DENIES STIMULUS TALK] White House spokesman Gibbs has been called on to deny talk of a second stimulus package. Bloomberg reports that rumors of a 2nd package may be part of what is behind the rebound in stocks today. Gibbs answered in general terms, saying there "is no imminent economic announcement." Earlier this week, Gallup and USAToday released the result of a poll showing that 57% of respondents think the current stimulus package is having no impact on the economy or is actually hurting it. Given numbers like those, and with the health care debate running pretty hot despite (perhaps because of) the Congressional recess, the notion that another stimulus package was making any kind of progress now was pretty far fetched.
  • #189,872
  • Aug 19, 2009 10:42pm Aug 19, 2009 10:42pm
Quoting Raza
To be honest with you my Bias is UP short term till Friday..(option expiry) till 159zone.. But any thing can Happen..ATM just scalping the Shit out of it..

I am also Playing by the DIVERGENCE ON RSI...15M... 1 HR..

154.50 is another interesting place to be,, a small ABC correction.. IMO.
Are you remotely linked into my computer? Can you see my charts? Geeze...I'm doing and thinking exactly what you wrote.

I usually trade the USDCAD and EURUSD, but I find the 'lightenin' rounds' in this pair fun. Straight up....straight down....straight up....pause....straight down. This pair is all about small trades and a fat account.
Si vis pacem, para bellum.
  • #189,873
  • Aug 19, 2009 10:45pm Aug 19, 2009 10:45pm
do u have EA can play good in GBPUSD,GBPJPY to share,please.
Thanks,
  • #189,874
  • Aug 19, 2009 10:45pm Aug 19, 2009 10:45pm
Why everyone speak that short trend?, on H4 shows long
God, i love, how i'm trade!!!
  • #189,875
  • Aug 19, 2009 10:50pm Aug 19, 2009 10:50pm
Quoting Raza


Ya you are right I see 156.80 as a turning point.. 157.70 from Divergence and Candle stick..

Bias is Down..150. 149...(1400 pips again from 163)

Account Killer PA. in Asian Session..ATM..
156 sell

close 155.40

156 sell close 155.50

what is an account killer about that ? it is just trading a range
Blogging daily now at www.volume.zone
  • #189,876
  • Aug 19, 2009 10:53pm Aug 19, 2009 10:53pm
Quoting Duce
Are you remotely linked into my computer? Can you see my charts? Geeze...I'm doing and thinking exactly what you wrote.

I usually trade the USDCAD and EURUSD, but I find the 'lightenin' rounds' in this pair fun. Straight up....straight down....straight up....pause....straight down. This pair is all about small trades and a fat account.

Yes I can see what you are Up to,,, quit watching those P, movies..lol

USD/CDN IS SO BORING.. THAT THING HAS MOVED ONLY 300... PIPS IN 15 DAYS...E/U is also all over the place..

If you know ..what you are doing... g/j is where you wanna be.. for day trade or intraday..or swing.
Markets are not Random, they are designed!
  • #189,877
  • Aug 19, 2009 10:56pm Aug 19, 2009 10:56pm
Quoting malcolmb14
156 sell

close 155.40

156 sell close 155.50

what is an account killer about that ? it is just trading a range
not mine Malcolmb... (account) newbies..

I had been doing the same Buy //Sell.

I THINK G/J will have to go back to 118..then 200.. then baclkto 118 then back to 250 to kill my account..

BTW... some one was looking for you,,
Markets are not Random, they are designed!
  • #189,878
  • Aug 19, 2009 10:59pm Aug 19, 2009 10:59pm
G/J is good for day trading / scalping, when you get it right. When you get it wrong...it turns into a swing trade.

Yes USD/CAD is boring, but it directly influences my type of business. It doesn't have fast PA, but it is still a pair that concerns me everyday.
Si vis pacem, para bellum.
  • #189,879
  • Aug 19, 2009 11:01pm Aug 19, 2009 11:01pm
Quoting Duce
G/J is good for day trading / scalping, when you get it right. When you get it wrong...it turns into a swing trade.

Yes USD/CAD is boring, but it directly influences my type of business. It doesn't have fast PA, but it is still a pair that concerns me everyday.
Exchange rate.. for Business??.. I guess..
Markets are not Random, they are designed!
  • #189,880
  • Aug 19, 2009 11:05pm Aug 19, 2009 11:05pm
Quoting Duce
G/J is good for day trading / scalping, when you get it right. When you get it wrong...it turns into a swing trade.
Hi Duce, When you are scalping G/J - what are your typical parameters - risk per trade, s/l size, profit target, etc...

Thanks.
"If The Fool persists in his Folly he will become wise." - William Blake
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