Right on. Just take a few days off, thats what i always do when i have a losing streak. You always come back feeling more fresh. When i say take a break, i mean dont even look at charts, dont look at anything forex or stock related. Then come back a ...

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

gotta agree with you there, looks like people selling off before the weekend, just seems like no one wants to hold on with so much uncertainty. I'm out of the market until at least monday europe open. crazy week, but i think dow is sitting right ...

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

lol yeah i think so, but then again its friday, everyone is just looking forward to the weekend

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

yeah looks like the 4hr SI is very close to crossing. Lets see if it happens soon or doesnt happen today.

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

i use north finance meta trader. url

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

just read about asian markets falling today, wonder what sort of impact it has on gbpjpy "Asian markets have faltered in early trading a day after markets in New York and London suffered losses amid fears of a global credit crunch. Tokyo shares fell ...

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

yep i'm with you too, if price hits the bottom of that tunnel again, i'm taking another long. my guess is that we will be sitting inside of the tunnel for a while, at least until tomorrow. just my two cents.

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

personal message, they show up at the top left side of your page.

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

at first i thought it may just be a psychological resistance with traders at 244.00, also that a bunch of traders were closing their longs and thats what held it up. but you are right, gbp/jpy usually follows dow tick for tick, but just couldnt ...

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

looks like the fed is comfortable with whats going on, doesnt seem like they will drop interest rates this year, i think they are looking more long term than just the next three months.

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

dow dropped right at 2:15, but now moving back up...same with gbp/jpy

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

aus, in your experience, how does the interest rate statement affect gbp/jpy? such as, perhaps if the statement is clearly hawkish, gbp/jpy moves one way, and if the statement is more dovish, gbp/jpy moves the other way? or is it not that cut and ...

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

hmm interesting suggestion. Its possible that they cut it, my guess would be that they hold this time, and the next statement they cut. But really i havent been that great in judging these things since greenspan left and bernake took over. btw how ...

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

yeah i see what you mean, but i did the long term correlations to get a bigger picture for now. i got the raw data from a couple of historical data websites. i found short term data points for gbp/jpy, but could not find anything smaller than daily ...

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

so based on my calculations (which hopefully are done correctly) the correlations between gbp/jpy and dow jones are as follows for the past year august 4, 2007 to august 7/2007 the correlation is 0.991177 for the past six months the correlation is ...

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

so far it seems like they are very close together, but dow is just slightly ahead (maybe by a few minutes) but i'm still looking into it further, anyone else have any insights?

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

i'm working on that right now, will post the results when i get them. here is a 5M chart from earlier today, shows even smaller timeframes have such a closer correlation. EDIT: Also you can see how the time scales at the bottom get screwed up, since ...

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

i have dow charts next to my gbp/jpy i can post them every little while. the thing is though, that dow only runs 9-5 est. gbp/jpy runs 24/5, so the time scales get a bit screwed up on charts. I have attached the weekly charts for gbp/jpy and dow ...

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

also if you look at the weekly charts of dow and gbpjpy, you'll notice a very strong correlation, any thoughts on how to use that to our advantage?

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

very cool, i'd appreciate that a lot. After reading post after post after post, i have realized your system can work very well, but i have to learn the small details, such as the fine points of the two major indicators and getting used to them. But ...

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