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- frevd replied Jun 5, 2008
hit + run — gj bounced at 206, what that means for our gu and uj pairs london will show. i can see that usd is still as strong as yesterday but euro and pound catched up, just the yen is what worries me, looking for more strengths hopefully ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
uh ah, hmm, whenever i was talking about a currency explicitly i really meant the currency (its index) rather than the corresponding usd cross. good u say, will be more specific in future too.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
i'm not familiar with that constellation, especially cad, used to burn me over and over again, that damn cad. however, look at ucad, stalled and looks so instable. doesnt move now, will risk a short, lets see.. off for now
Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
really depends on the commodity and the involved currencies in the industry. for oil there is cad, pound and some others afaik. generally not good for usd.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
dang, convincing. talking about catchup we better take ucad, no?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
gj should be stuck till london between 38.2 at 205.65 and 206.20. no real range, possible breakout for 207, we'll see. if the latter happens i will reenter later again.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
darn, this up was so lame and only heated by bernanke, no real great news today but a lot of scary things tomorrow. i go for the safe side..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
you are better off if you listen to your systems, not my decisions. i will let that trade open for the plenty news arriving later, its smaller quantity and should play out fine, given the situation. if it moves above 206.20 and builds a base i will ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
i got a hedge by gu long but ok, i see i was too early, whatever, my broker gives high spread directly after rollover for almost an hour and i was lucky to enter before that happens.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
closed gj long and switched to short
hedged by gu long though edit: ok, too earlyAuslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
If there is some steam I think 206 is outstanding, then probably bounce, no sunny day tomorrow. BYE
Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
Ok, sounds good. I heard this is only to be used from daily and higher tf, since it involves inaccuracy of about 2 days +-. However, I guess nobody can prove it since the guy who developed it was obviously too genius. I was just curious about your ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
did we find a consens about what gj will do after rollover? straight to retest former support or drop as always?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
lol, not sure what you mean, does it function or not? can u tell more details about it anyways? long time i seen that last and no idean what these abbreviations mean.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
nice charts, what is that lines with numbers? reminds me of some weird prediction thing from wilders.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
yeah, eu is almost for sure (unless reading brokers unite against it
), but what will that mean for gj if such a move would obviously impact usd negatively. with all those news tomorrow i slightly lost overview and maybe stay aside completely ...Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
yup, i'm longing it since 3 hrs, these take-outs from yesterday were not punished yet.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- frevd replied Jun 4, 2008
bro, not everyone is a trend follower. how do you think trends are created? somehas has to intercept it and some are lucky to catch the bottom.
Auslanco - GBP/JPY and GBP/USD (newstrade)