GBP/JPY Equity Building Profitable trading strategies

[rrram2]

I am not going to say that this is going to happen this week.
But there is still a serious correction UP coming in UJ, which means GJ will do the same, pretty much. Got 3 longs now, buying more at 209.59 209.09 208.99 and on down spaced on average 25 pips down and as far as 50 between orders.

[rrram2]

"Go confidently in the direction of your dreams. Live the life you have imagined."
Henry David Thoreau

[Andrewunknown]

Originally Posted by rrram2

But there is still a serious correction UP coming in UJ

Can you elaborate on why you think this and how serious you think "serious" will be?

btw, I'm here. I lurk during the day while I work (at a brokerage firm, in fact), but if you've paid attention to domestic (US) equity markets, you know things have been a bit tumultuous over recent sessions, so no posting going on. Ironically enough, as should be evident here I'm far more interested in the Forex market, though.

[Bobkat]

CompassFX agrees with Elijah and anticipates 213 is near! Time to enter some more BUYs!

[rrram2]

I work in several fields. One of which is the mortgage business as a broker.
I carefully monitor rates when they are moving especially as I get involved in locking rates in for specific terms and making a bad choice could cost me money. Since the fed did their last rate cut, immediately after that
all lenders I deal with bottomed out their rates. Since then Mortgage rates have continued to steadily climb while fed fund rates have not changed.
Futures traders have odds at 88% on a rate hike in october, after hearing the revised gdp numbers from 5/29. It is very unlikely that there will be any more rate cuts. It is possible that rates could get cut another .25% but thats really it. They have nothing left. They have sold us out down the river to the foreigners. We have no gold. So the banks here cannot lease gold for 1% and then sell it on the futures market and then take the proceeds and buy tbills and make squat. So they are not going to be cutting rates. They are like gas stations. You think they are going to lower the price now? Even if gas goes down 10 cents a gallon, you think the foreigner at the gas station is going to pass the savings on to the end user?

Bernake & Paulson will do whatever they need to to preserve the value of the dollar. We have a new president coming, it is a dollar positive time. The new president gets to set pretty much his own monetary policy agenda whatever that may be. And he is going to be NEW, And if he is a democrat, it is going to be dollar positive. There is no way mccain stands a chance against Obama. I favour Ron Paul myself.

There is alot of hedgeing going on among top money managers perhaps related to the turbulance and uncertainty in the market.
But we are on the rebound for certain. New President will be in with a NEW clean Slate. He will have much money to spend and many problems to recify after that bushbombgroup tore thru there.

The dollar has fell so far. It cannot keep falling. The Amero is coming and when we convert to it they are going to what to have the dollar UP
so that the amero gets a good staring value related to other majors.
The united states remains the most powerful force in the financial world as a result of that 17% share in the IMF. Currently in order to change something you need a 85% vote which means that if the whole world votes one way, if the USA votes the other no one in the rest of the world can change IMF policies.

Both the weekly and monthly GJ charts are clearly in an up trend, there is some risk of downward correction but based on other factors above I just don't see the downside. GJ and UJ pretty much are the same chart.
So USD positive is normally GJ positive.

The dollar is pretty worthless but the Yen is even more worthless, unless you are trying to borrow yen at a cheap interest rates to buy pound L

Inflation is no doubt here. In fact it is runnaway. I didnt expect feds to start jacking rates and fighting inflation until thanksgiving, but it could happen as early aS September. When rates increase and they will and have been on mortgages (banks) dollar demand will increase and dollar will strength even more and price will increase against the yen and GJ will follow.

Serious is 110.00, 115.00 after rates start getting jacked. 120.00 going into thanksgiving and if it is a good xmas shopping season for shopping. All this depends on when they start jacking rates and by how much.

I have discussed rates at length with my uncle.
Dollar direction from dad is still selling dollars for gold. But Dad doesn't always get out in time. HE bought bear when it was 30.
Now is the time to take profits on those dollar shorts (effectively GJ shorts)
and get off that dollar bear train as we are heading back up.

Originally Posted by Andrewunknown

Can you elaborate on why you think this and how serious you think "serious" will be?

btw, I'm here. I lurk during the day while I work (at a brokerage firm, in fact), but if you've paid attention to domestic (US) equity markets, you know things have been a bit tumultuous over recent sessions, so no posting going on. Ironically enough, as should be evident here I'm far more interested in the Forex market, though.

[rrram2]

194's for gu! pushing 108 for uj?
Bernanke is talking at 1130 that should move the dollar even more positive and send GJ up up up.

Its been a while since we saw GU down in the 194's I think. 189 cannot be far off. But if UJ is up into 110's and higher gu wont matter so much as GJ will sail up up up as it is more controlled by its strengeth or weakness against the yen, the same as the dollar.

[rrram2]

I sold all my longs now except my loss leader at 210.29

looks like that was the bottom. I got one at 209.66 209.79, and sold those already. But sure am looking for some more besides that loss leader.

With all this toppy strange moves since we blew through 209 and completed the last cycle had me worried for a bit as she was floating and rising almost too good.

But I think I am feeling 100% confident that she will continue up.
once we get through 211 213 will be right behind it. But we have to break 211 and hold it for a ST before we explode for another leg up.

BTW I got my first loan from the loan club Their money is now in my
STP account.

Originally Posted by Bobkat

CompassFX agrees with Elijah and anticipates 213 is near! Time to enter some more BUYs!

[HAUGHT007]

Originally Posted by rrram2

BTW I got my first loan from the loan club Their money is now in my
STP account.

Loan club? There's a club?

[4xStar]

What's the loan club?

[Andrewunknown]

Originally Posted by Bobkat

CompassFX agrees with Elijah and anticipates 213 is near! Time to enter some more BUYs!

If the dollar dropped a pip every time two analysts agreed it would appreciate instead...well, you know the rest.

Originally Posted by rrram2

Since the fed did their last rate cut, immediately after that
all lenders I deal with bottomed out their rates.

Futures traders have odds at 88% on a rate hike in october

It is very unlikely that there will be any more rate cuts. It is possible that rates could get cut another .25% but thats really it. They have nothing left.

Bernake & Paulson will do whatever they need to to preserve the value of the dollar.

We have a new president coming, it is a dollar positive time. The new president gets to set pretty much his own monetary policy agenda whatever that may be.

Both the weekly and monthly GJ charts are clearly in an up trend, there is some risk of downward correction but based on other factors above I just don't see the downside. GJ and UJ pretty much are the same chart.
So USD positive is normally GJ positive.

The dollar is pretty worthless but the Yen is even more worthless, unless you are trying to borrow yen at a cheap interest rates to buy pound L

Inflation is no doubt here. When rates increase...dollar demand will increase and dollar will strength even more and price will increase against the yen and GJ will follow.

Serious is 110.00, 115.00 after rates start getting jacked. 120.00 going into thanksgiving and if it is a good xmas shopping season for shopping. All this depends on when they start jacking rates and by how much.

I would agree - largely, but not entirely - with what you've written. Just some thoughts on improving the thread for the benefit of others:

You should provide this level of rationale more often on this thread - saying "She's going UP UP UP" is all well and good, but there are those who are watching closely and may rely on what you say to determine the direction of their trades but haven't cultivated the analytical depth to make intermarket connections or, for example, to infer forecasts about the Guppy from US fed funds futures. But, think about cutting out talk about the Amero and other mostly conjectural topics: those ideas may have validity, but an analysis of a pair on which to base trade decisions should stand on what is evident and concrete, not what is - effectively, at this point - little more than a tall tale. Being bullish is one thing - but solid fundamental reasons for why are where you can add value and educate. That provides a picture of the forest; and then you could provide charts along with your discussion of news releases to zoom into the trees.

Again, just some ideas.