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

  • #205,701
  • Oct 25, 2009 3:38pm Oct 25, 2009 3:38pm
Quoting ewokuk
it will be a slower than normal start due to new zealand (which would normally be open in 30mins) being on bank hol. so probably wont be any real action until at least aus open in 2.5 hours. i wont be looking to trade anything until after that.
Whatever happened to ...
"The Glorious Twelfth" Partidge Season Opened & the Banks spilled their bean or two
Aug 12 {Every single Year.}

Independence... I suppose.
  • #205,702
  • Oct 25, 2009 3:41pm Oct 25, 2009 3:41pm
Quoting Bemac
Not that I disagree, but it would be nice to understand Your Reasoning.
TEnfore feed. (Morningstar company) www.tenfore.com shows over the weekend orders mostly on GBPUSD and GBPJPY pairs...

Usualy they level with Sydney Open on Monday..

http://forex.tradingcharts.com/chart...php?sym=GBPJPY and
http://quotes.ino.com/chart/?s=FOREX_GBPJPY

are using tenfore as a data feed
  • #205,703
  • Oct 25, 2009 3:42pm Oct 25, 2009 3:42pm
Quoting Sierra8561
Whats the significance of 17 minutes?

none at all

He might be looking at open range.

the calls he is making are kinda dumb .. no one can predict the market .. was open gap on gj a surprise .. no the entire day on friday was down .... so why would a gap down be of any surprise . infact we are already back to where gj closed friday , so for most that cannot trade this early on sundays there was no gap

aud .. look at weekly we are at major resistance with the usd index gaining friday ...why would it not go down ...
Blogging daily now at www.volume.zone
  • #205,704
  • Oct 25, 2009 3:48pm Oct 25, 2009 3:48pm
Hi Malcomb

2 questions please.

Does the market always gap in the direction of the previous trading's day's trend or in the direction of the next day's trend, i.e. does a gap down signify tomorrow's likely to be bearish or is it just a reflection of Friday having been bearish?

The second question is do you know some brokers that open at 9pm please rather than 10pm?


Quoting malcolmb14
none at all

He might be looking at open range.

the calls he is making are kinda dumb .. no one can predict the market .. was open gap on gj a surprise .. no the entire day on friday was down .... so why would a gap down be of any surprise . infact we are already back to where gj closed friday , so for most that cannot trade this early on sundays there was no gap

aud .. look at weekly we are at major resistance with the usd index gaining friday ...why would it not go down ...
  • #205,705
  • Oct 25, 2009 3:50pm Oct 25, 2009 3:50pm
Quoting malcolmb14
aud .. look at weekly we are at major resistance with the usd index gaining friday ...why would it not go down ...
im going to take a look at aud when the ppi data comes out, could be a good short if the data is bad. maybe good for a nice short scalp before i move back to gu/gj
  • #205,706
  • Oct 25, 2009 3:54pm Oct 25, 2009 3:54pm
Quoting isguru
Hi Malcomb

2 questions please.

Does the market always gap in the direction of the previous trading's day's trend or in the direction of the next day's trend, i.e. does a gap down signify tomorrow's likely to be bearish or is it just a reflection of Friday having been bearish?

The second question is do you know some brokers that open at 9pm please rather than 10pm?

often when you see a gap they are filled.

as I am bearish on gj and gu for the week ahead I am looking for any retracement to sell while day trading
Blogging daily now at www.volume.zone
  • #205,707
  • Oct 25, 2009 4:00pm Oct 25, 2009 4:00pm
Talk about 'express service'! Learning a lot from guys like you though I wish you'd all stay in the same place - maybe start a top 10 traders forum for you and the other great names on the cable forum where you don't let anyone else post to it if they're not in the top 10.

Thanks again.

Quoting malcolmb14
often when you see a gap they are filled.

as I am bearish on gj and gu for the week ahead I am looking for any retracement to sell while day trading
  • #205,708
  • Oct 25, 2009 4:05pm Oct 25, 2009 4:05pm
Quoting Piters
As OW said, those are Fibonacci ratios, as a product of Golden ratio [1.618]. so
100-61.8 = 38.2
100-500 = 500
100-38.2 =61.8 ... ect..
p
Nope.
Golden ratio or golden mean was explained with Fibonacci ratios and not vice versa.
in mathematical language: lim(a(n+1)/a(n))=1,618 (n-->eternity)
Just try divide 34/21, 55/34, 89/55... or
lim(a(n-1)/a(n))=0,618 (n-->eternity): 21/34, 34/55, 55/89 or
0,382 is lim (a(n)/a(n+2)) 21/55, 34/89, etc.
Technicaly ,50 is not Fibonacci as it can not be derived ftom ratios of Fib numbers, but we use it anyway...
  • #205,709
  • Oct 25, 2009 4:05pm Oct 25, 2009 4:05pm
Hey Piters,
how are you?
Don't you think that AUDUSD is a screaming sell?
USD index should go up, the PPI of Australia should also help this sell
  • #205,710
  • Oct 25, 2009 4:12pm Oct 25, 2009 4:12pm
Quoting Lenart
Nope.
Golden ratio or golden mean was explained with Fibonacci ratios and not vice versa.
in mathematical language: lim(a(n+1)/a(n))=1,618 (n-->eternity)
Just try divide 34/21, 55/34, 89/55... or
lim(a(n-1)/a(n))=0,618 (n-->eternity): 21/34, 34/55, 55/89 or
0,382 is lim (a(n)/a(n+2)) 21/55, 34/89, etc.
Technicaly ,50 is not Fibonacci as it can not be derived ftom ratios of Fib numbers, but we use it anyway...
Quote
There are few different methods used by trading community:

1. GANN Method: 0.125; 0.25; 0.375; 0.5; 0.625; 0.75; 0.875; 1

2. Fibonacci Method: 0.236; 0.382; 0.500; 0.618; 0.786; 1.000

3. DOW's Method: 0.333 and 0.667

4. Tubb's Method: 1/2; 2/3 and 3/4 or 0.5; 0.667; 0.75

I dont know what is the point of your post ...

sorry mate if you understand me wrong, I stated clearly what trading community is using, and YES 0,500 is not a fibo number. and I was talking about METHODS not a ratios, or numbers...

Fibonacci and golden ratio are know to me very well.. my friend..
  • #205,711
  • Oct 25, 2009 4:14pm Oct 25, 2009 4:14pm
Quoting marcb
Hey Piters,
how are you?
Don't you think that AUDUSD is a screaming sell?
USD index should go up, the PPI of Australia should also help this sell
Hi mate!

Early morning here mate.. still on my first coffee..

Im watching only GU EU and GY .. for now...

cheers..!

BBL
  • #205,712
  • Oct 25, 2009 4:16pm Oct 25, 2009 4:16pm
Quoting Lenart
Nope.
Golden ratio or golden mean was explained with Fibonacci ratios and not vice versa.
in mathematical language: lim(a(n+1)/a(n))=1,618 (n-->eternity)
Just try divide 34/21, 55/34, 89/55... or
lim(a(n-1)/a(n))=0,618 (n-->eternity): 21/34, 34/55, 55/89 or
0,382 is lim (a(n)/a(n+2)) 21/55, 34/89, etc.
Technicaly ,50 is not Fibonacci as it can not be derived ftom ratios of Fib numbers, but we use it anyway...

keep it simple

fib levels as piters says ... 38.4 , 50 and 61.8 are common in trading , a lot of manual traders and auto trading programs use them ... hence they work
Blogging daily now at www.volume.zone
  • #205,713
  • Oct 25, 2009 4:25pm Oct 25, 2009 4:25pm
As my crystal ball saying, the prices will drop to 149.40's before UK session, then many will say Kaboom, but it won't drop and it will bounce at this level and will reach 151.05, some will come out and say bull trap, then it will fall down 50 pips and stay will stay for some hours in the level 150.60 to 150.80,
The key here in the short term either to break 147.60 to go short clearly or to break 153 to long clearly.
  • #205,714
  • Oct 25, 2009 4:31pm Oct 25, 2009 4:31pm
Quoting Piters
Fibonacci and golden ratio are know to me very well.. my friend..
Just didn't want someone would think that Fibb ratios were just a product of golden ratio, they explain it.

I do not doubt in your knowledge of Fibb and golden ratio, but i have never seen explanation of ratios with substraction, that's all (that was my point, but sometimes I get carried away).

And of course, these methods DO work.

For the record: I always read your posts (and malcolm14), because i have great respect for you guys...

Peace... and good pipping this week.
  • #205,715
  • Oct 25, 2009 4:31pm Oct 25, 2009 4:31pm
Hi there,

I think a break of 149.95 should see a move towards 149.40 and a break of 149 to test 148. Think it may be a big asain session too.

Regards,
HMS
  • #205,716
  • Oct 25, 2009 4:37pm Oct 25, 2009 4:37pm
Quoting Lenart
Just didn't want someone would think that Fibb ratios were just a product of golden ratio, they explain it.

I do not doubt in your knowledge of Fibb and golden ratio, but i have never seen explanation of ratios with substraction, that's all (that was my point, but sometimes I get carried away).

And of course, these methods DO work.

For the record: I always read your posts (and malcolm14), because i have great respect for you guys...

Peace... and good pipping this week.


OH Great!!!!! inflate their heads even more, thanks ROFL
"Millionaires don't use astrology, billionaires do"
  • #205,717
  • Oct 25, 2009 4:38pm Oct 25, 2009 4:38pm
Quoting malcolmb14
often when you see a gap they are filled.

as I am bearish on gj and gu for the week ahead I am looking for any retracement to sell while day trading
Hi mate,

Long time, hope you're well. I'm also rather bearish on this pair... where are you looking to short it? On the 149.95 break?

Regards,
HMS
  • #205,718
  • Oct 25, 2009 4:39pm Oct 25, 2009 4:39pm
still bearish on gu ...
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MY OPINION NOT FINANCIAL ADVISE
  • #205,719
  • Oct 25, 2009 4:40pm Oct 25, 2009 4:40pm
Quoting OrionsWay
OH Great!!!!! inflate their heads even more, thanks ROFL
lmao... best post i've read so far since the swingers time.
  • #205,720
  • Oct 25, 2009 4:41pm Oct 25, 2009 4:41pm
Quoting OrionsWay
OH Great!!!!! inflate their heads even more, thanks ROFL
I read yours to, you know.
And a few others.

You think their heads will inflate?
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