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     lafee
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Username: lafee
Post Number: 420
Registered: 04-2003
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| | Thursday, March 15, 2007 - 09:05 pm: | 
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Everything is pretty quiet atm. AUDJPY shows some promise on the upside but momentum still is not strong enough. Looks like I get to go to bed tonight.
I should have stayed with my GBPJPY long. Missed out on about 35 pips as a result.
Cheers Lafee.
A working class hero is something to be.
John Lennon
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lafee
Member
Username: lafee
Post Number: 421
Registered: 04-2003
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| | Friday, March 16, 2007 - 11:33 am: |
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I wonder if the AUDUSD is looking at 80c again. I hope so  . EURUSD is leading the way this afternoon. It did hold up the best when the USDJPY when into free fall a couple of weeks back. Now it is managing gains as the USDJPY is falling back again.
Cheers Lafee
ps. it's starting to get lonely here.
(Message edited by lafee on March 16, 2007)
A working class hero is something to be.
John Lennon
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lafee
Member
Username: lafee
Post Number: 422
Registered: 04-2003
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| | Friday, March 16, 2007 - 11:51 am: |
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I saw this clip months ago on the PBS news. His book comes out on Amazon on April 17th.
http://www.fooledbyrandomness.com/tbs.mov
Cheers Lafee
A working class hero is something to be.
John Lennon
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wadda
Member
Username: wadda
Post Number: 461
Registered: 10-2002
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Votes: 0
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| | Friday, March 16, 2007 - 04:31 pm: |
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Hi Lafee et al,
back from my real job.
My quick scan comes up with most versus the JPY.
In particular the EURJPY,GBPJPY and NZDJPY. This is based on a two day chart, I'm yet to look at them closer for a go for anything this afternoon/evening.
The GBPUSD looked ok for a long as well, as it seemed to lag the gains already made by other currencies against the USD (eg AUD).
Having a closer look over the next half hour.
Cheers,
wadda
"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein
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lafee
Member
Username: lafee
Post Number: 423
Registered: 04-2003
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| | Friday, March 16, 2007 - 04:56 pm: |
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Wadda,
Keep an eye on the EUR crosses as well tonight. Its strange for the EUR to move so much in Auzzie hours. Can be an indicative of large moves to come tonight.
Cheers Lafee
A working class hero is something to be.
John Lennon
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wadda
Member
Username: wadda
Post Number: 462
Registered: 10-2002
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Votes: 0
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| | Friday, March 16, 2007 - 05:19 pm: |
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Copied Lafee,
just when long GBPJPY @ 226.86 hoping it has found some short term support (though as I type that might be a folly).
If you're right it might make the EURJPY more attractive.
Cheers,
wadda
PS Are you getting annoying long spikes on some time frames (eg daily, 4hrly) basically ruining any chance of a good chart? I have been getting them lately with both IG and City Index.
"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein
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lafee
Member
Username: lafee
Post Number: 424
Registered: 04-2003
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Votes: 0
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| | Friday, March 16, 2007 - 06:02 pm: |
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The IG charts are pretty bad in that regard. The best free forex charting program I have seen is Metatrader. Do a google search for it, I think you might like it. It is also programable which is a major bonus. The programing language is a bit difficult to master but hey its free.
Cheers Lafee
A working class hero is something to be.
John Lennon
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lafee
Member
Username: lafee
Post Number: 425
Registered: 04-2003
Rating: N/A
Votes: 0
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| | Friday, March 16, 2007 - 06:13 pm: |
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Wadda,
I think the majors might be the best plays tonight especially EURUSD on a pull back. It is rare that the EURUSD leads momentum but it has done so far today. I would like to see it move a little higher then pull back sharply for a long scalp.
Keep in mind though that of all the days of the week, Friday is the most likely for trend reversal. Especially on the US open.
Cheers Lafee
(Message edited by lafee on March 16, 2007)
A working class hero is something to be.
John Lennon
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wadda
Member
Username: wadda
Post Number: 463
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Friday, March 16, 2007 - 07:07 pm: |
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Thanks Lafee...
Got onto Metatrader and am installing it as I type!
As mentioned above I've already gone long GBPJPY - it's going sideways ATM.
In addition to the EURUSD, I'm also watching the EURJPY and GBPUSD.
Good hunting,
wadda
"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein
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lafee
Member
Username: lafee
Post Number: 426
Registered: 04-2003
Rating: N/A
Votes: 0
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| | Friday, March 16, 2007 - 07:09 pm: |
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Colin,
Has Captain been banned from posting? If so I think it is a rather silly decision. He is, in my view, the best small cap poster on this forum.
Lafee believes censorship is the greater crime
Cheers Lafee
(Message edited by lafee on March 16, 2007)
A working class hero is something to be.
John Lennon
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lafee
Member
Username: lafee
Post Number: 427
Registered: 04-2003
Rating: N/A
Votes: 0
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| | Friday, March 16, 2007 - 07:22 pm: |
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Wadda,
Forget the EURJPY. It is not in play. JPY is strengthing almost as much as the EUR. They are correlated ATM which means the EURJPY will be stable.
Lafee
A working class hero is something to be.
John Lennon
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wadda
Member
Username: wadda
Post Number: 464
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Friday, March 16, 2007 - 08:09 pm: |
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Alright, thanks for the tip...at the moment I'm just struggling to get accurate, uncorrupted data.
It seems the EURUSD has blasted off (when I looked 30mins ago when my PC was stable!)
I've tried the metatrader download from two sites now and both of them won't give me accurate data without opening an account - hardly free.
Any advice?
wadda
"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein
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lafee
Member
Username: lafee
Post Number: 428
Registered: 04-2003
Rating: N/A
Votes: 0
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| | Friday, March 16, 2007 - 08:23 pm: |
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If I remember correctly you 'open an account' but do not have to put any money in it.
Cheers Lafee
A working class hero is something to be.
John Lennon
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lafee
Member
Username: lafee
Post Number: 429
Registered: 04-2003
Rating: N/A
Votes: 0
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| | Friday, March 16, 2007 - 08:26 pm: |
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Try http://www.metaquotes.net/
Cheers Lafee
A working class hero is something to be.
John Lennon
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wadda
Member
Username: wadda
Post Number: 465
Registered: 10-2002
Rating: N/A
Votes: 0 |
