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Daily GBP/JPY analysis

  • #10,061
  • Jul 25, 2007 11:30pm Jul 25, 2007 11:30pm
Quoting auslanco
Hmmm you have to be carefull with that, news trade signals are meant to enter the market 10 mins before the release
so do you always enter 10 minutes before news?
  • #10,062
  • Jul 25, 2007 11:30pm Jul 25, 2007 11:30pm
wow... Iam in Perth... i'll keep checking out my window constantly ... in case...
  • #10,063
  • Jul 25, 2007 11:30pm Jul 25, 2007 11:30pm
Hey Auslanco. I'm in the positive too, thanks. But it seems kinda stuck. Are we still gunning for the 60 pips?
  • #10,064
  • Jul 25, 2007 11:31pm Jul 25, 2007 11:31pm
Quoting auslanco
Hmmm you have to be carefull with that, news trade signals are meant to enter the market 10 mins before the release
isnt it more vulnerable to get stopped out to enter before the news?
i tried to place an entry right before the news 5~10 pips below its latest price

no good?
  • #10,065
  • Jul 25, 2007 11:32pm Jul 25, 2007 11:32pm
Two and a half hours untill my next 4hr candle...

If she breaks down......TP around 244.14.?

Glenn
  • #10,066
  • Jul 25, 2007 11:34pm Jul 25, 2007 11:34pm
Quoting wilson
so do you always enter 10 minutes before news?

I do something called bar counting on ducascopy interbank platform...I guess I invented this systemm.. I can see the orders of all the big boys piling up...if i see a clear direction on ducascopy and if its compatible with my charts and the 4hr trend... then it's a sure shot.. no matter how good or bad the news release is. So we always can enetr the market 10 mins before... but remember i can only predict arond 10 news events per month.. which will suit this strategy.. and this one was one of it..
  • #10,067
  • Jul 25, 2007 11:36pm Jul 25, 2007 11:36pm
Quoting magiclino
Hey Auslanco. I'm in the positive too, thanks. But it seems kinda stuck. Are we still gunning for the 60 pips?
still 60 pips...market voume is low...it will start moving down @ 3EST
  • #10,068
  • Jul 25, 2007 11:36pm Jul 25, 2007 11:36pm
Quoting Linuxist
'Scuse me. What pair/time frame is this???
It's the 4 hour. I'll let you guess the pair

Chart posting skills are not what they should be, are they? I've been looking for a way to practise this in a corner of FF .

Thanks for asking.
Gone to a better place
  • #10,069
  • Jul 25, 2007 11:37pm Jul 25, 2007 11:37pm
Quoting auslanco
I do something called bar counting on ducascopy interbank platform...I guess I invented this systemm.. I can see the orders of all the big boys piling up...if i see a clear direction on ducascopy and if its compatible with my charts and the 4hr trend... then it's a sure shot.. no matter how good or bad the news release is. So we always can enetr the market 10 mins before... but remember i can only predict arond 10 news events per month.. which will suit this strategy.. and this one was one of it..
So is this something your system sees as quick action just after news, or a somewhat more delayed outcome?
  • #10,070
  • Jul 25, 2007 11:37pm Jul 25, 2007 11:37pm
Quoting auslanco
I do something called bar counting on ducascopy interbank platform...I guess I invented this systemm.. I can see the orders of all the big boys piling up...if i see a clear direction on ducascopy and if its compatible with my charts and the 4hr trend... then it's a sure shot.. no matter how good or bad the news release is. So we always can enetr the market 10 mins before... but remember i can only predict arond 10 news events per month.. which will suit this strategy.. and this one was one of it..
Cool! How do you see the orders piling up?

Mike
  • #10,071
  • Jul 25, 2007 11:38pm Jul 25, 2007 11:38pm
Quoting forexrules
So is this something your system sees as quick action just after news, or a somewhat more delayed outcome?
No...bigboys know whats the news outcome is... or thay have already made up their mind which way to go... so I just follow them
  • #10,072
  • Jul 25, 2007 11:39pm Jul 25, 2007 11:39pm
Quoting MikeW
Cool! How do you see the orders piling up?

Mike
if you have access to currenex or ducascopy interbank level 2 access you can see it.
  • #10,073
  • Jul 25, 2007 11:40pm Jul 25, 2007 11:40pm
Quoting auslanco
I do something called bar counting on ducascopy interbank platform...I guess I invented this systemm.. I can see the orders of all the big boys piling up...if i see a clear direction on ducascopy and if its compatible with my charts and the 4hr trend... then it's a sure shot.. no matter how good or bad the news release is. So we always can enetr the market 10 mins before... but remember i can only predict arond 10 news events per month.. which will suit this strategy.. and this one was one of it..
hey, 10 x 60pips per month is good enough for me. and with 90% probability what more could we ask for eh?
  • #10,074
  • Jul 25, 2007 11:42pm Jul 25, 2007 11:42pm
Quoting wilson
hey, 10 x 60pips per month is good enough for me. and with 90% probability what more could we ask for eh?
... make sure do not overleverage...
  • #10,075
  • Jul 25, 2007 11:42pm Jul 25, 2007 11:42pm
I still don't see how you came up with your limit. G/U seems to have lots of room to come down. I would think possibly a bigger move is in order.
  • #10,076
  • Jul 25, 2007 11:43pm Jul 25, 2007 11:43pm
Quoting auslanco
if you have access to currenex or ducascopy interbank level 2 access you can see it.
Do you get that level 2 access on the 14 day demo, or is that after handing over 50 grand?

Mike
  • #10,077
  • Jul 25, 2007 11:46pm Jul 25, 2007 11:46pm
What's auslanco not telling you is he's the sales man for ducascopy.!!!!!



Glenn
  • #10,078
  • Jul 25, 2007 11:47pm Jul 25, 2007 11:47pm
Quoting markam
I still don't see how you came up with your limit. G/U seems to have lots of room to come down. I would think possibly a bigger move is in order.
this is set limit markam...it's default for every trade 40SL 60 TP...these are quick news trades trades.. we only trade the news event.. not the trend, but if you feel you can gain more pips you are free to do so..my indication is it will go minimum 60 pips towards the predicted direction.
  • #10,079
  • Jul 25, 2007 11:48pm Jul 25, 2007 11:48pm
Quoting glenn5t
What's auslanco not telling you is he's the sales man for ducascopy.!!!!!



Glenn
Lol... I dont trade with ducascopy and I never will because I dont trust swiss brokers.
  • #10,080
  • Jul 25, 2007 11:50pm Jul 25, 2007 11:50pm
Hope theres no Swiss brokers reading this....because if there is that's your Swiss bank account gone...lol
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