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

  • #204,581
  • Oct 19, 2009 5:28pm Oct 19, 2009 5:28pm
anybody else notice the wierd tick on the broco platform?
  • #204,582
  • Oct 19, 2009 5:33pm Oct 19, 2009 5:33pm
hmmm wheres a good place for a pullback to go long here? 148.35 maybe

asian range usually around 100-110 pips in gj i think. if it doesnt break 149.30 then it would have to pull back to at least 148.30 to get near its normal range, and 148.00 if it doesnt even get above 149.
  • #204,583
  • Oct 19, 2009 5:35pm Oct 19, 2009 5:35pm
I responded that post earlier but now that I thought about it more. One reason not to just trade the Dragon is big spread compared to the other popular pairs.
So far that all I've come up with in that regard.

Quoting intery
I been thinking about this too, keeping things simple and staying deeply professional on one instrument. But.... in case of this wild one do you (or those who work with GbpJpy too) keep an eye on GU and Yen planning and calculating probabilities, reading news about all crosses indexes and dependencies? Or is independent, mean straight cross?

I noted, when GJ is in flat, GU and UJ are driving moves too. So what is your point of view if you spend years trading GbpJpy?
  • #204,584
  • Oct 19, 2009 5:37pm Oct 19, 2009 5:37pm
Quoting intery
I been thinking about this too, keeping things simple and staying deeply professional on one instrument. But.... in case of this wild one do you (or those who work with GbpJpy too) keep an eye on GU and Yen planning and calculating probabilities, reading news about all crosses indexes and dependencies? Or is independent, mean straight cross?

I noted, when GJ is in flat, GU and UJ are driving moves too. So what is your point of view if you spend years trading GbpJpy?
well ...

you have to work out what you are trying to achieve. What is your monthly goal ?

Then from there you can work out what pair to trade.

GJ will give you 50 pip a day if you want to day trade , if you want to swing trade with less whipsaw , then maybe eu is for you.

I trade gj as it gives me the volatility I require to make my goal of 50 pips a day as a day trader.

i do not watch gu or uj when trading gj
Blogging daily now at www.volume.zone
  • #204,585
  • Oct 19, 2009 6:04pm Oct 19, 2009 6:04pm
Seems I've been doing the opposite to the general consensus.. Shorting off the 149 area.. once yesterday and twice today.. so far all green pips

I actually find the less I read here, the better i trade... call me crazy

cheers
  • #204,586
  • Oct 19, 2009 6:21pm Oct 19, 2009 6:21pm
Wow... you've made some good money...Awesome Job!

Quoting Cdawg
Seems I've been doing the opposite to the general consensus.. Shorting off the 149 area.. once yesterday and twice today.. so far all green pips

I actually find the less I read here, the better i trade... call me crazy

cheers
  • #204,587
  • Oct 19, 2009 6:21pm Oct 19, 2009 6:21pm
Quoting Cdawg
Seems I've been doing the opposite to the general consensus.. Shorting off the 149 area.. once yesterday and twice today.. so far all green pips

I actually find the less I read here, the better i trade... call me crazy

cheers

perhaps its the content of what your reading
"Millionaires don't use astrology, billionaires do"
  • #204,588
  • Oct 19, 2009 6:31pm Oct 19, 2009 6:31pm
Quoting OrionsWay
perhaps its the content of what your reading
That would have something to do with it for sure, though lurking here for wel over a year, its pretty easy to see who knows thier stuff.. (like u do)

So I find now if I just trade the chart in front of me, with-out any influence I tend to get less excited and make better entry and exits. then I come in here to read and get some insight..


cheers
  • #204,589
  • Oct 19, 2009 6:33pm Oct 19, 2009 6:33pm
gj formed a big fat rising wedge on 15min, bullish sign i think
  • #204,590
  • Oct 19, 2009 6:36pm Oct 19, 2009 6:36pm
Quoting Cdawg
Seems I've been doing the opposite to the general consensus.. Shorting off the 149 area.. once yesterday and twice today.. so far all green pips

I actually find the less I read here, the better i trade... call me crazy

cheers
nice job ...

many ways to skin a cat
Blogging daily now at www.volume.zone
  • #204,591
  • Oct 19, 2009 6:44pm Oct 19, 2009 6:44pm
Quoting Cdawg
That would have something to do with it for sure, though lurking here for wel over a year, its pretty easy to see who knows thier stuff.. (like u do)

So I find now if I just trade the chart in front of me, with-out any influence I tend to get less excited and make better entry and exits. then I come in here to read and get some insight..


cheers
and whats the moral of the story, nobody knows more than yourself,
"Millionaires don't use astrology, billionaires do"
  • #204,592
  • Oct 19, 2009 6:46pm Oct 19, 2009 6:46pm
Quoting Leche Mocha
I responded that post earlier but now that I thought about it more. One reason not to just trade the Dragon is big spread compared to the other popular pairs.
So far that all I've come up with in that regard.
I just finish to check your posts and see nothing there except last one.

I already did calculation to compare pairs by the spread/volume. If take usual spread then is ok for Dragon?)) ok, Dragon jeje)) daily 3pip is ok, 5 by night, but i do not trade at night, because can't trade with eyes closed ))) So at the same time 1pip on EU, 1,4p AU etc. But... if compare to daily volatility, here the difference lost. Average day on GJ is near 300 and Av.D EU is 150 aprox. That mean similar pip/profit diapason for same set of proportional trades. That could be the same trade separately GU 2,4 + UJ 0,9.
No crystal ball. I read the cards.
  • #204,593
  • Oct 19, 2009 6:57pm Oct 19, 2009 6:57pm
It was way back there. Here you go.

http://www.forexfactory.com/showpost...stcount=204505

Quoting intery
I just finish to check your posts and see nothing there except last one.

I already did calculation to compare pairs by the spread/volume. If take usual spread then is ok for Dragon?)) ok, Dragon jeje)) daily 3pip is ok, 5 by night, but i do not trade at night, because can't trade with eyes closed ))) So at the same time 1pip on EU, 1,4p AU etc. But... if compare to daily volatility, here the difference lost. Average day on GJ is near 300 and Av.D EU is 150 aprox. That mean similar pip/profit diapason for same set of proportional trades. That could...
  • #204,594
  • Oct 19, 2009 7:07pm Oct 19, 2009 7:07pm
Quoting malcolmb14
well ...

you have to work out what you are trying to achieve. What is your monthly goal ?

Then from there you can work out what pair to trade.

GJ will give you 50 pip a day if you want to day trade , if you want to swing trade with less whipsaw , then maybe eu is for you.

I trade gj as it gives me the volatility I require to make my goal of 50 pips a day as a day trader.

i do not watch gu or uj when trading gj
Sure, that's the key - volatility, 50 pip a day with (your) 2% risk would be enough... no gems and glitz.
No crystal ball. I read the cards.
  • #204,595
  • Oct 19, 2009 7:08pm Oct 19, 2009 7:08pm
Took a short at 148.86, because U/J & G/U both heading in the same direction south...with a 20 pip stop.

Quoting ewokuk
well the stop would be well above 148.94 if i went short, thats only 10 pips above where it is now. might be better waiting for dips and go long instead seeing as we bashing our heads against 149. 4h is looking strong

not taking anything yet i will watch it for a bit. maybe wait for tokyo in 2 hours. not sure i can stay awake that long though hehe
  • #204,596
  • Oct 19, 2009 7:10pm Oct 19, 2009 7:10pm
Quoting Leche Mocha
It was way back there. Here you go.

http://www.forexfactory.com/showpost...stcount=204505
I know this one, may be i misunderstood your answer. Thank you.
No crystal ball. I read the cards.
  • #204,597
  • Oct 19, 2009 7:11pm Oct 19, 2009 7:11pm
good morning buddies
  • #204,598
  • Oct 19, 2009 7:25pm Oct 19, 2009 7:25pm
Quoting dreed
Took a short at 148.86, because U/J & G/U both heading in the same direction south...with a 20 pip stop.

careful on that short

if that high vol was sellers we should be going down

make sure you move stop to BE asap

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Blogging daily now at www.volume.zone
  • #204,599
  • Oct 19, 2009 7:34pm Oct 19, 2009 7:34pm
Cdawg is right, alot of fear being spread in this forum, ppl second guessing themselves because of other post,

Just let the trade happen if its wrong its their mistake if right and gets fucked up beacuse someone feels the need to inject.

as for newbies your gotta be thick in the head to want to trade this pair if a newbie, this is a professionals tool or it was in the day of the carry trade anyways

trade a more stable pair, everything that this is not.
"Millionaires don't use astrology, billionaires do"
  • #204,600
  • Oct 19, 2009 7:37pm Oct 19, 2009 7:37pm
Quoting dreed
Took a short at 148.86, because U/J & G/U both heading in the same direction south...with a 20 pip stop.

leave your stop out of range and letter rip moving to BE is a person who fears game

if u get ass kicked u got ass kicked, you were wrong
"Millionaires don't use astrology, billionaires do"
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