Long Term Carry Trade

[TS Hennessy]

What happened to the Long Term Carry Trade?

I believe we have one just getting under way on Eur/Gbp.

Currently basing at .8315 I look for this to exceed the .9800 mark
and with a nice spread, high pip value and paying some swap at
various brokers it would rival the UJ carry trade enjoyed for some time.

[theoryman]

(01-11-2011 01:44 AM)TS Hennessy Wrote:  What happened to the Long Term Carry Trade?

I believe we have one just getting under way on Eur/Gbp.

Currently basing at .8315 I look for this to exceed the .9800 mark
and with a nice spread, high pip value and paying some swap at
various brokers it would rival the UJ carry trade enjoyed for some time.

Tom,

Could you post a NEWR count to go with the above?

cheers theory

[upstreamdave]

Hi Theory

Reading between the lines 9804 is the rtb of a 5th. That would put us having just completed C4 of the Final 5th which has to be >9804.

Have taken a look at the last move down- chart attached for the end so seems a goer with stop below 8285

Thanks for the heads up Tom

Cheers

USD

[theoryman]

(01-12-2011 09:54 AM)upstreamdave Wrote:  Hi Theory

Reading between the lines 9804 is the rtb of a 5th. That would put us having just completed C4 of the Final 5th which has to be >9804.

Have taken a look at the last move down- chart attached for the end so seems a goer with stop below 8285

Thanks for the heads up Tom

Cheers

USD

USD,

My interpretation is as follows.

From 8292 to 8312 counts as 1 2 3 A then retrending? +? +? , so potential C of 4.

Then there is a lower Low at just above 8285, so it must be a C of 4 simply because in contained a retrended A.

That's the 123 solid A + retrending? I was on about before, the presence of the A is the vital clue.

The Pivot, at some degree, is confirmed once it moves above 8312 and then the market is very kind because it drops back to ~ 8300.

Risk 15, reward 1500 if this is the final 5th of the C4......

cheers theory

[upstreamdave]

Hi Theory


Agreed.

Cheers


USD

[upstreamdave]

[finster869]

Tom- Can you post your chart? I think it would really help us all out to see how you came up with this call.

[finster869]

(01-15-2011 10:21 AM)finster869 Wrote:  Tom- Can you post your chart? I think it would really help us all out to see how you came up with this call.

Tom- This call looks fabulous so far. Can you please show us your chart, or tell us what you made you so confident in your call?

[RayH]

I have been following this trade up for a short while and after the last strong push I got out, and just in time as it turned out.

Counting the movement since the 26th I see an A down to morning of 27th, B up to morning of 28th (messy). It looks to me that we may have completed 5th down of the C with the RTB occurring early this morning (BST). We are now at a 38.2% retracement of the last big wave up.

Would anyone care to offer opinion on this?

Thanks
Ray

[upstreamdave]

(01-31-2011 04:04 PM)RayH Wrote:  I have been following this trade up for a short while and after the last strong push I got out, and just in time as it turned out.

Counting the movement since the 26th I see an A down to morning of 27th, B up to morning of 28th (messy). It looks to me that we may have completed 5th down of the C with the RTB occurring early this morning (BST). We are now at a 38.2% retracement of the last big wave up.

Would anyone care to offer opinion on this?

Thanks
Ray

Hi Ray

This is how I have it . A break of 8530'ish means I am wrong as 3 of A would be the shortest

Cheers

USD