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

  • #198,321
  • Sep 17, 2009 1:40am Sep 17, 2009 1:40am
Quoting donfriday
u are buying ur buddies say Kabooom .....i am confuse.....
buying .. change trend yesterday with all those buyers at 149 ....
151.50 , 153.50 and 155 as targets ....
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  • #198,322
  • Sep 17, 2009 1:43am Sep 17, 2009 1:43am
Quoting laharjaya
mal ....

could u brief why u long entry at 148.70
sorry 149.80

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  • #198,323
  • Sep 17, 2009 1:44am Sep 17, 2009 1:44am
Bearish Div on 15m. Just a heads up. first chart is G/J second is A/J.
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  • #198,324
  • Sep 17, 2009 1:46am Sep 17, 2009 1:46am
Too slow lol!

malcomb I will make a real bet with you just like all those other bets you took this month about up or down.

I will bet you can meet your +50 every day in A/J much easier than in G/J.

You also pay (at least on my broker) 3 pips less to play, and get much better overnight interest payments on the carry trade. I think only NZDJPY or ZARJPY is better.

But the main thing for me as I said, is Tokyo liquidity.

PS: Do you mind a quick M15 VSA on A/J?
  • #198,325
  • Sep 17, 2009 1:48am Sep 17, 2009 1:48am
Quoting bill77
Bearish Div on 15m. Just a heads up. first chart is G/J second is A/J.
that isnt bearish thats hidden bullish divergence isnt it?
  • #198,326
  • Sep 17, 2009 1:51am Sep 17, 2009 1:51am
Quoting ewokuk
that isnt bearish thats hidden bullish divergence isnt it?
No, the price is climbing, but the oscilater is exhausted and can't folow this tells me the climb is bullish but fake and will turn soon. But i don't rely on Div soley, just a heads up. Thats my understanding or the way i look at it.
  • #198,327
  • Sep 17, 2009 1:53am Sep 17, 2009 1:53am
Quoting ewokuk
that isnt bearish thats hidden bullish divergence isnt it?

15tf divergence may not give more than 50 pips on gj.....if u scalping on it fine but before u confirm the divergence GJ can move 20 pips down and u left with 30pips so what risk ratio is that ...i trade 1hr-4hrs divergence more which give more than 100pipson 1hr and 4hrs can give over 200pips..
MY OPINION NOT FINANCIAL ADVISE
  • #198,328
  • Sep 17, 2009 1:53am Sep 17, 2009 1:53am
Quoting sinner-
Too slow lol!

malcomb I will make a real bet with you just like all those other bets you took this month about up or down.

I will bet you can meet your +50 every day in A/J much easier than in G/J.

You also pay (at least on my broker) 3 pips less to play, and get much better overnight interest payments on the carry trade. I think only NZDJPY or ZARJPY is better.

But the main thing for me as I said, is Tokyo liquidity.

PS: Do you mind a quick M15 VSA on A/J?

spread gj 4 pip only on fxcm high vol
Blogging daily now at www.volume.zone
  • #198,329
  • Sep 17, 2009 1:54am Sep 17, 2009 1:54am
Quoting ewokuk
that isnt bearish thats hidden bullish divergence isnt it?
Back to chart school for you too!
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  • #198,330
  • Sep 17, 2009 1:55am Sep 17, 2009 1:55am
Quoting bill77
No, the price is climbing, but the oscilater is exhausted and can't folow this tells me the climb is bullish but fake and will turn soon. But i don't rely on Div soley, just a heads up. Thats my understanding or the way i look at it.
Correct.

In simple terms, any divergence found at the top of the price/indicator is bearish and vice versa. Saves having to think about new highs/lows etc.
  • #198,331
  • Sep 17, 2009 1:55am Sep 17, 2009 1:55am
Quoting donfriday
15tf divergence may not give more than 50 pips on gj.....if u scalping on it fine but before u confirm the divergence GJ can move 20 pips down and u left with 30pips so what risk ratio is that ...i trade 1hr-4hrs divergence more which give more than 100pipson 1hr and 4hrs can give over 200pips..
what you are saying Don is reasonable, but a Trend turn starts somewhere and 15min will tell you earlier.
  • #198,332
  • Sep 17, 2009 1:58am Sep 17, 2009 1:58am
Quoting sinner-
Too slow lol!

malcomb I will make a real bet with you just like all those other bets you took this month about up or down.

I will bet you can meet your +50 every day in A/J much easier than in G/J.

You also pay (at least on my broker) 3 pips less to play, and get much better overnight interest payments on the carry trade. I think only NZDJPY or ZARJPY is better.

But the main thing for me as I said, is Tokyo liquidity.

PS: Do you mind a quick M15 VSA on A/J?
you may have a 50 pip drop there

watch that 79.50 level

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  • #198,333
  • Sep 17, 2009 2:00am Sep 17, 2009 2:00am
Hi guys lots of talk about divs recently.

I would like to point out an interesting phenom I noted in all the JPY crosses recently:

She makes a bear div, and then quickly after that a hidden bullish div and the hidden bullish div is the real mover she quickly shoots from that level.

Be wary of that happening now. Bear div might play out to a hidden bull div on M15 to shoot up.
  • #198,334
  • Sep 17, 2009 2:01am Sep 17, 2009 2:01am
Quoting malcolmb14
spread gj 4 pip only on fxcm high vol
OANDA has recently lowered their spread on GJ. ranging now between 3.8-5.7 pips
  • #198,335
  • Sep 17, 2009 2:01am Sep 17, 2009 2:01am
Quoting bill77
what you are saying Don is reasonable, but a Trend turn starts somewhere and 15min will tell you earlier.

the greather the tf the stronger the reversal maybe.....if 15tf give u bearish divergence or bullish divergence u also have to work with bigger tf, only u scalping few pips u stick to small tf ....ask malc abt it he trade on small tf and dont chance huge pips if bigger tf dont support the trend movement...
well u should understand the different between timeframes comparison
MY OPINION NOT FINANCIAL ADVISE
  • #198,336
  • Sep 17, 2009 2:01am Sep 17, 2009 2:01am
Quoting malcolmb14
you may have a 50 pip drop there

watch that 79.50 level

Attachment
Thanks malcomb, I really appreciate it. As mentioned, I was expecting hard down move all the way to DP at 79 flat so 79.5 is good level to watch.

London is open!
  • #198,337
  • Sep 17, 2009 2:05am Sep 17, 2009 2:05am
Do you see 149 with the news help?
  • #198,338
  • Sep 17, 2009 2:08am Sep 17, 2009 2:08am
Quoting Eulogy
OANDA has recently lowered their spread on GJ. ranging now between 3.8-5.7 pips
actually tends to be 3.8 during most liquid times, but 6.5 most of the time and anything up to 25 during news like it was last week, meaning playing news is a complete no-go on oanda, unless you are hoping for a 100 pip move straight off the news, then giving 25 to the broker still leaves you with some profit.
  • #198,339
  • Sep 17, 2009 2:08am Sep 17, 2009 2:08am
Quoting donfriday
the greather the tf the stronger the reversal maybe.....if 15tf give u bearish divergence or bullish divergence u also have to work with bigger tf, only u scalping few pips u stick to small tf ....ask malc abt it he trade on small tf and dont chance huge pips if bigger tf dont support the trend movement...
well u should understand the different between timeframes comparison
I understand your reason about higher time frame the greater pip movement which is obviously correct. But time of the day is very important. now we are around London open and this 15 min divergance could be a turn in trend for the rest of London session. Also a 20-30 pip movement max on 15 min frame as you claim,(once locked in BE) could turn out bigger and better entry. Thats if the div plays out.
  • #198,340
  • Sep 17, 2009 2:10am Sep 17, 2009 2:10am
ARE YOU LONG?.......WATH ABAOUTH ...
Retail Sales m/m

THIS WILL COME RED..MAYBE 149
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