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

  • #211,301
  • Jan 6, 2010 11:25pm Jan 6, 2010 11:25pm
Quoting Geppy
Really? I thought Fibs were like trampolines... just jump on them and bounce up. Guess I better re-learn how to trade!

Trading Levels with WRBs
  • #211,302
  • Jan 6, 2010 11:29pm Jan 6, 2010 11:29pm
Quoting manz66
Congratulation! calling long at the right time.

But, it went up not because of some fib number, also when it went down not because of some mkt manipulation or technical reason.

gpp/jpy went down earlier, because Dubai govt failed to pay some foreign contractors and they stopped working without pay.

And, it went up because, sourced from 4cast service 'usd/jpy jumps to highs of 92.76, up from 92.15-20, and EUR/JPY back up to 133.05-10 from 132.65-70 on back of MoF Naoto Kan comments that he wants Yen to weaken more and must work with BoJ...

so candlestick are also sunny games?...i used candlestick high and low to see 147.05-15 so that is also sunny games...
MY OPINION NOT FINANCIAL ADVISE
  • #211,303
  • Jan 6, 2010 11:29pm Jan 6, 2010 11:29pm
Quoting Geppy
hehe, I like how you're eyes are peeled for long opportunities now. Nice to be playing both sides!
actually I love to be a contrarian, but success can't be denied so as long as we have higher highs and lower lows I'll try the long side too....
Don't be a hero. Don't have an ego. Always question yourself
  • #211,304
  • Jan 6, 2010 11:33pm Jan 6, 2010 11:33pm
Quoting USD-Bear
actually I love to be a contrarian, but success can't be denied so as long as we have higher highs and lower lows I'll try the long side too....
You shoulda been around Christmas week then when all these guys were yelling KABOOM. I think I was almost alone in building longs. Now they all join me, but don't worry... the time to be contrarian will be upon us again soon enough.
check out my blog: forexmademillionaire dot com
  • #211,305
  • Jan 6, 2010 11:33pm Jan 6, 2010 11:33pm
Quoting Geppy
Really? I thought Fibs were like trampolines... just jump on them and bounce up. Guess I better re-learn how to trade!
As long you use good mm, it will work out. I also entered long around 147.15- 147.28, not because of (fib number), cause European mkts was opening, and traders takes profits at this time.

A good traders can survive even with random entry.
  • #211,306
  • Jan 6, 2010 11:38pm Jan 6, 2010 11:38pm
Quoting manz66
But, it went up not because of some fib number, also when it went down not because of some mkt manipulation or technical reason.

gpp/jpy went down earlier, because Dubai govt failed to pay some foreign contractors and they stopped working without pay.

And, it went up because, sourced from 4cast service 'usd/jpy jumps to highs of 92.76, up from 92.15-20, and EUR/JPY back up to 133.05-10 from 132.65-70 on back of MoF Naoto Kan comments that he wants Yen to weaken more and must work with BoJ to bring Yen to appropriate levels'.

So, sometime...
I know forexlive cited that info, and they are a tremendous resource, but frankly, it's a reason-of-the-day that just gets tossed out there. The truth is GY like many currencies follows certain patterns and reactions, based primarily (not always though) by the manipulation of the big boys.

My point is don't marry and 100% believe a provided reason - slot it all into the category that NOTHING is guaranteed to occur or happen in forex and regardless of what's said or done, we're at the mercy of the big boys.
  • #211,307
  • Jan 6, 2010 11:38pm Jan 6, 2010 11:38pm
Quoting manz66
As long you use good mm, it will work out. I also entered long around 147.15- 147.28, not because of (fib number), cause European mkts was opening, and traders takes profits at this time.
I also use this fool-proof method coupled with my magic 8 ball... works every time I tell ya!
check out my blog: forexmademillionaire dot com
  • #211,308
  • Jan 6, 2010 11:39pm Jan 6, 2010 11:39pm
its worth it to add more longs on eur/jpy than gbp/jpy.. gbp/jpy is a bit lagging behind the eur/jpy.
  • #211,309
  • Jan 6, 2010 11:41pm Jan 6, 2010 11:41pm
Quoting Gucc
its worth it to add more longs on eur/jpy than gbp/jpy.. gbp/jpy is a bit lagging behind the eur/jpy.
No way, G/J's beta has to be at least 2x that of E/J
check out my blog: forexmademillionaire dot com
  • #211,310
  • Jan 6, 2010 11:45pm Jan 6, 2010 11:45pm
Quoting Beljevina
I know forexlive cited that info, and they are a tremendous resource, but frankly, it's a reason-of-the-day that just gets tossed out there. The truth is GY like many currencies follows certain patterns and reactions, based primarily (not always though) by the manipulation of the big boys.

My point is don't marry and 100% believe a provided reason - slot it all into the category that NOTHING is guaranteed to occur or happen in forex and regardless of what's said or done, we're at the mercy of the big boys.
I agree with you about not follow news strictly. Then I can say people should not marry T/A either, or all will be very rich. Only, mm is the King here.
  • #211,311
  • Jan 6, 2010 11:46pm Jan 6, 2010 11:46pm
Time for a few hours of zzzzzzs guys... Hold down the bull fort, I'll be back for the rate announcement.
check out my blog: forexmademillionaire dot com
  • #211,312
  • Jan 6, 2010 11:52pm Jan 6, 2010 11:52pm
Quoting manz66
I agree with you about not follow news strictly. Then I can say people should not marry T/A either, or all will be very rich. Only, mm is the King here.
Agreed! Nothing is definite, including TA. Not exactly sure what you mean by money mgt, but that omnipresent matter of the unforseen could screw you on MM as well ... ie., liquidity issues, slippage, earthquakes, terrorist bombings, other unexpected news, etc. Even trading 2% of your account in the wake of unexpected news, could wipe out a significant chunk.
  • #211,313
  • Jan 6, 2010 11:57pm Jan 6, 2010 11:57pm
psssst!!!


inside info ..BOJ gonna intervene 2nite at 3am gmt of 500 trillion USD ..

add more longs
  • #211,314
  • Jan 7, 2010 12:11am Jan 7, 2010 12:11am
Quoting Gucc
psssst!!!


inside info ..BOJ gonna intervene 2nite at 3am gmt of 500 trillion USD ..

add more longs

You're long aren't you? lol
  • #211,315
  • Jan 7, 2010 12:35am Jan 7, 2010 12:35am
my long stopped at BE
  • #211,316
  • Jan 7, 2010 12:39am Jan 7, 2010 12:39am
Slightly worrisome PA for longs ... not sure what the news could be or do in 20 min.
  • #211,317
  • Jan 7, 2010 12:50am Jan 7, 2010 12:50am
can we vote for north
  • #211,318
  • Jan 7, 2010 12:53am Jan 7, 2010 12:53am
Quoting Beljevina
Slightly worrisome PA for longs ... not sure what the news could be or do in 20 min.
Time to bruise oneself on some furniture ... a dip down to that damned pivot @ 147.4, and my longs are out @ slightly better than B/E. Still have some from above 147, but don't know what'll happen.
  • #211,319
  • Jan 7, 2010 12:57am Jan 7, 2010 12:57am
not convinced this is going long anymore even after finmin coments about weaker yen. keeps failing to break 148.25 area and pound is real weak
  • #211,320
  • Jan 7, 2010 1:05am Jan 7, 2010 1:05am
Why is the pound so weak - also GBP/CAD lost over 900 pips in the last 4 weeks? Are the pros view now more bearish as in the posts before?
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