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- ernesto replied Mar 7, 2008
I stick to my shorts... Take a look at UJ - that's not a normal movement in my opinion. We will go down again !!! I am angry - not the right mood to trade. But... this time I will try it... so next time I can say that I have learned a lo from last ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
Look at the UJ chart... unbelievable. I am no economist - but... might it be possible that with the additional money reserves they are trying to stabilize UJ before the shares markets are open? The share markets will have two reasons why they should ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
My theory on that... exactly look at price action before the announcement. The way I normally see it is that bank try to go in the opposite direction of the further move, i.e. stop hunting. They want to have the best entry prices... Afterwards when ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
Malcomb - shouldn't a rate cut send USD/JPY down???
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
AHHHH... who the fu.. (sorry) buys USD/JPY ?!?!? Can somebody explain to me as if I were a tiny child? Please !
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
I am a little bit angry on myself... went perfectly in @ 205.9... afterwards the stop catching started - also no problem. This way I already estimated that we will go down. And then I was too greedy and didn't close my position @ 204.86... ahhhh ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
I am not used to indicators like you are using here... would this kind of chart be normally bearish or bullish for you? Just to have another perspective...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
Again statistical information that normally plays out very very well - at least it gives a direction... Weekly average range: 630 pips This weeks current range: about 420 pips ==> missing about 200 pips. Either we go up to 209,7 what would be the ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
Anybody has a comment on momentums playing out when important news is coming? Do they give a direction or are they completely nonsense in this kind of situation ?!
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
Karmo, yep - even on the daily there is this pattern. I think that on the 4 hour it might be "fulfilled" because we go up to 205.5 - 205.9 before we go down. This is also the pivot point of the last down move. On the daily it might be "fulfilled" ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
Karmo, Malcomb, thanks for your feedback! Very much appreciated!
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
OK, i.e. to make GJ really fall, of course we need - a weak USD => JPY is strong (USD/JPY down) - a weak GBP => GBP is weak (GBP/USD down) I.e. we need a very weak NFP report => shares should go down and therefore carry trades (= GBP/JPY) go down As ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
I am also trying to get in short @ 205.7 - 205.8 area (Fibs, Gan) Currently I am thinking through all the scenarios and the reactions of GBP/JPY. * Weak NFP => dollar goes down, shares might rise because odds for another rate cut increase (maybe ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
In that case - what would happen to GBP/JPY? Would USD/JPY have more pressure DOWN than GBP/USD UP ? Hmmm...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
Hi, could you please give me a hint what points you are comparing hourly / 4-hourly closes to ?! Pivot Points ? Any doc you could recommend me to read? Thanks for your help !
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
Is it preferable to use sell/stop/sell/stop... in combination with important resistance points / fibs / .... Or would you suggest to stay in the trade and let the trade run... ? Any hints on that ?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 7, 2008
Hi, regarding hourly close => which condition has to be reached to sell more? Sorry for asking such a dumb question. But I have no experience with this kind of system and I am very interesting in learning it... Thanks for your help ! btw... Just a ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 6, 2008
Interesting... on 15min TF we have kind of reverse SKS. Not sure if it plays out or not... just keep it in mind...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ernesto replied Mar 6, 2008
Hi, are there more such rules that we can follow? I am currently using the momentum indicators just on feeling basis. It seems that I am slowly learning how to handle them by just watching them... but... any "HOWTO" - or at least - "HOW NOT TO" - ...
Auslanco - GBP/JPY and GBP/USD (newstrade)