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Daily GBP/JPY analysis

  • #10,061
  • Jul 26, 2007 1:30am Jul 26, 2007 1:30am
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 26, 2007 1:30am Jul 26, 2007 1:30am
wow... Iam in Perth... i'll keep checking out my window constantly ... in case...
  • #10,063
  • Jul 26, 2007 1:30am Jul 26, 2007 1:30am
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 26, 2007 1:31am Jul 26, 2007 1:31am
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 26, 2007 1:32am Jul 26, 2007 1:32am
Two and a half hours untill my next 4hr candle...

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

Glenn
  • #10,066
  • Jul 26, 2007 1:34am Jul 26, 2007 1:34am
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 26, 2007 1:36am Jul 26, 2007 1:36am
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 26, 2007 1:36am Jul 26, 2007 1:36am
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 26, 2007 1:37am Jul 26, 2007 1:37am
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 26, 2007 1:37am Jul 26, 2007 1:37am
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 26, 2007 1:38am Jul 26, 2007 1:38am
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 26, 2007 1:39am Jul 26, 2007 1:39am
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 26, 2007 1:40am Jul 26, 2007 1:40am
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 26, 2007 1:42am Jul 26, 2007 1:42am
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 26, 2007 1:42am Jul 26, 2007 1:42am
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 26, 2007 1:43am Jul 26, 2007 1:43am
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 26, 2007 1:46am Jul 26, 2007 1:46am
What's auslanco not telling you is he's the sales man for ducascopy.!!!!!



Glenn
  • #10,078
  • Jul 26, 2007 1:47am Jul 26, 2007 1:47am
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 26, 2007 1:48am Jul 26, 2007 1:48am
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 26, 2007 1:50am Jul 26, 2007 1:50am
Hope theres no Swiss brokers reading this....because if there is that's your Swiss bank account gone...lol
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