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- Pickensrulz replied Oct 3, 2007
Vishal, u seem to be a very knowledgeable and level headed fellow. Wasn't the "historical" correlation that a weak yen = stronger Nikkei? I suppose in a round about way a strong DOW = strong Nikkei = weak yen loose correlation was present for many ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Oct 3, 2007
Johnny come lately huh? LOL wow this thread has some monster egos for retail traders who follow another retail traders system. I simply wanted to discuss ideas with other knowledgeable traders. Guess that's too much for some people.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Oct 3, 2007
"Historical ratios"??? The correlation between the two is very recent. I'm finished with this convo Mr. Markam. Happy trading!
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Oct 3, 2007
Look dude, without making this into a full blown argument, I was trying to simply point out the declining correlation between the DOW and the carry trade. As I type they are diverging further.... Check the last ten trading days vs the last 50 and ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Oct 3, 2007
LOL. That's my point dude. DOW futures were down and the yen crosses were up. If they are "priced in" the yen crosses would have moved DOWN after the euro markets closed.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Oct 3, 2007
Dow is down 50 pts and the yen crosses haven't followed as of yet. I've been noticing this more as of late. Things that make you go hmmm...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Oct 3, 2007
look bigger — Hey dude, Take a look at the four hour, daily, and weekly. The breakout of that converging triangle is what began this little bull run, any dips should be bought. like i've been saying last 2 days.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Oct 3, 2007
Each trade should be thought of independently. DO NOT make a trade based on current open positions. A trader should exam the merits of that trade at that perticular time. period
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Oct 2, 2007
trying not to get impatient — I just noticed that the daily range so far is 73 pips. image It feels like much more. Should be lots more action to come yet today.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Oct 2, 2007
u makin me think. I hate that — Thanks for da reply. I follow exactly what your reasoning is. It is possible that the market will chase this pair, which is what you're saying. Just wondering your reasoning, technical or other. BTW Have you ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Oct 2, 2007
This would be the furthest level I would enter a long at with a stop below 234.60. Out of curiousity what are you basing this prediction on? Thanks dude! Us bulls gotta stick show some support to each other image
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Oct 2, 2007
cycles are a good thing — Anyone interested should check out the 4 hr charts for aud.jpy, eur.jpy or nzd.jpy (Interestingly gbp.jpy didn't follow because the pound was lagging behind almost all other currencies in beating up on the dollar, ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Oct 2, 2007
I'm looking to re enter longs around 235.40/50 with stops below 234.60 fwiw. If you take a look at 4hr, daily and weekly it is def bull. 234.60 is going to be a tough tough nut to crack. all in my opinion of course. happy day to all
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Oct 2, 2007
Good evening, Man the longs looked promising with that 1700CST, 2200 GMT bounce off 236ish. But alas, repatriation has taken a chunk of my profits. 235.50 will be a magnet for a while, but a test of 234.60 looks inevitable. Not to forget though, ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Oct 1, 2007
Good afternoon, Seems to me that 235.40/50 is massive support, with 234.60 being the line in the sand for now. Keeping a core long position from 235.5 and buying on dips will keep my fridge full of lobster for now. image
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Sep 30, 2007
Good afternoon, Gold and swissy are traditionally considered "safe havens". The US dollar is definitely not a safe haven from inflation or global shocks. Good luck Mr. Zoran. BTW nice analysis (from what I've read, just hopped onto this thread) Go ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Pickensrulz replied Jul 4, 2007
Perspective is so very very important — I always enjoy reading other traders sharing thoughts about the mental aspect. It's huge, so very very important. I've learned through the years that any market (currencies maybe a little more) is like ...
Why I can't win
- Pickensrulz replied Feb 19, 2007
232.85/233 should cap this. I'll be selling soon. Just my analysis. good luck to all
Daily GBP/JPY analysis
- Pickensrulz replied Feb 19, 2007
And that accounts for 100 pip drop. Cable has gotten very sick. It's getting hammered in all the crosses. 231.8 might offer some support
Daily GBP/JPY analysis
- Pickensrulz replied Feb 19, 2007
Not very often. I wasn't aware of anything either. I was on the right side of the fence so I'm pleased. Lesson for the night- Use stops
Daily Cable Analysis