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Daily GBP/JPY analysis

  • #10,081
  • Jul 26, 2007 1:50am Jul 26, 2007 1:50am
Quoting auslanco
wow... Iam in Perth... i'll keep checking out my window constantly ... in case...
All clear on Tsunami front =

SKY News - Despite fears of a killer wave, the US National Weather Service said there was no threat of a destructive, widespread tsunami.
  • #10,082
  • Jul 26, 2007 1:51am Jul 26, 2007 1:51am
Quoting musicman007
All clear on Tsunami front =

SKY News - Despite fears of a killer wave, the US National Weather Service said there was no threat of a destructive, widespread tsunami.
thanks musicman..and goodmorning.
  • #10,083
  • Jul 26, 2007 1:53am Jul 26, 2007 1:53am
Quoting forexrules
So is this something your system sees as quick action just after news, or a somewhat more delayed outcome?
It's before the news release.
  • #10,084
  • Jul 26, 2007 1:53am Jul 26, 2007 1:53am
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..
Hi auslanco, can you describe more about this bar counting technique? sounds interesting....
  • #10,085
  • Jul 26, 2007 1:54am Jul 26, 2007 1:54am
Quoting auslanco
It's before the news release.
I mean, are the trades meant to take advantage of the typically quick price action afforded by news events, or even if the price action seems to be delayed, as in this g/u news event you shorted?
  • #10,086
  • Jul 26, 2007 1:55am Jul 26, 2007 1:55am
Quoting jonws
Hi auslanco, can you describe more about this bar counting technique? sounds interesting....
give him some time, he'll summarize his complicated method into a 500 word summary
  • #10,087
  • Jul 26, 2007 1:57am Jul 26, 2007 1:57am
Quoting jonws
Hi auslanco, can you describe more about this bar counting technique? sounds interesting....
Hey.. thats my secret jonows LOL.. it based on 1 min chart... and It's a specific pattern 30 mins before the release...
  • #10,088
  • Jul 26, 2007 1:58am Jul 26, 2007 1:58am
But you also have to have acces to an interbank platform to see all the limt orders..
  • #10,089
  • Jul 26, 2007 2:01am Jul 26, 2007 2:01am
Quoting auslanco
Lol... I dont trade with ducascopy and I never will because I dont trust swiss brokers.
Who do you trade with, I heard ducas was supposed to be good, do you just use their demo account?

Boy, I seem to be full of questions at the moment

Mike
  • #10,090
  • Jul 26, 2007 2:02am Jul 26, 2007 2:02am
Quoting forexrules
I mean, are the trades meant to take advantage of the typically quick price action afforded by news events, or even if the price action seems to be delayed, as in this g/u news event you shorted?

yes sometimes it may take whole day to hit our TP, but we know we are on the right directon with the big boys.. sometimes it may go on the opposite direction about 20-30 pips but it will retrace back and go on our direction for 60pip profit
  • #10,091
  • Jul 26, 2007 2:02am Jul 26, 2007 2:02am
Quoting auslanco
thanks musicman..and goodmorning.
Hi Bud, been here a while just catching up across the board on last nights action. Hope you are refreshed again now.

Looking across 1 and 4hr we do look bearish except for Momentum on 4 hour. If we break this 76 point we go to 40, after that ......

I see the Kiwi's held their rates last night.
  • #10,092
  • Jul 26, 2007 2:02am Jul 26, 2007 2:02am
Quoting auslanco
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.

I looks like that if it breakd down to the 2.045-46 range, there could be potential for another 100 pips before it hits the level from earlier in the month.
  • #10,093
  • Jul 26, 2007 2:03am Jul 26, 2007 2:03am
is the MT4 momentum indicator good ?
this is H4 chart and Momentum (10 period) apply to Close.
Attached Image (click to enlarge)
Click to Enlarge Name: momentum.jpg Size: 55 KB
  • #10,094
  • Jul 26, 2007 2:04am Jul 26, 2007 2:04am
Quoting MikeW
Who do you trade with, I heard ducas was supposed to be good, do you just use their demo account?

Boy, I seem to be full of questions at the moment

Mike
LOl.. thinkg of hiring a secretary to assit me on this thread... I hear good things abot Ducas.. but it's very new to the business.. Iam waiting for couple of years before opening up an account with them.. Iam happy with my current brokers... so no issues for the time being.
  • #10,095
  • Jul 26, 2007 2:06am Jul 26, 2007 2:06am
Quoting markam
I looks like that if it breakd down to the 2.045-46 range, there could be potential for another 100 pips before it hits the level from earlier in the month.
Possible...
  • #10,096
  • Jul 26, 2007 2:07am Jul 26, 2007 2:07am
Quoting emda
is the MT4 momentum indicator good ?
this is H4 chart and Momentum (10 period) apply to Close.
You sure can use MT4...I pesonally prefer the VT
  • #10,097
  • Jul 26, 2007 2:07am Jul 26, 2007 2:07am
Quoting musicman007

I see the Kiwi's held their rates last night.
Good ol kiwi, I'm still in that trade from 0.8078

Mike
  • #10,098
  • Jul 26, 2007 2:09am Jul 26, 2007 2:09am
just stay with you GU guys... it will start move @ 8GMT
  • #10,099
  • Jul 26, 2007 2:09am Jul 26, 2007 2:09am
Aussie...

I hope this pair will still retrace to 247.60 before coming down; and I believe this is the best time to go long. What do you think about this?
  • #10,100
  • Jul 26, 2007 2:11am Jul 26, 2007 2:11am
Quoting hycebee
Aussie...

I hope this pair will still retrace to 247.60 before coming down; and I believe this is the best time to go long. What do you think about this?
don't think so , it will not have that good price
Don't be panic when it's negative
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