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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #201
  • Jul 29, 2007 2:36pm Jul 29, 2007 2:36pm
Looks like GBP/JPY will gap down at open..
Currently at 239.74....now 239.50
  • #202
  • Jul 29, 2007 2:36pm Jul 29, 2007 2:36pm
How is the Stop Loss point calculated? If u enter based on upward crossover on the 1h, if the 1h crosses down do u close there? How about SL point when u r not watching the market? Thanks
  • #203
  • Jul 29, 2007 2:46pm Jul 29, 2007 2:46pm
thanks aus, i've been following you on the old thread as much as possible... God has blessed you for sharing, and He has blessed me for recieving what you share... i follow as much as i can, but, my 5 year old son has some issues that prevent me from being here all the time... i catch up when i can... thanks so much!
  • #204
  • Jul 29, 2007 2:51pm Jul 29, 2007 2:51pm
Quoting sri
Looks like GBP/JPY will gap down at open..
Currently at 239.74....now 239.50
sri, where can we find the quote during weekend?
start from here
  • #205
  • Jul 29, 2007 2:54pm Jul 29, 2007 2:54pm
Quoting bluerose
Dear Auslanco,

So happy to see your own thread . We should call this People's Thread as Auslanco is teaching the newbies in spite of calls to take him away from us, the mass of folks who are still learning and wanting to make $ (and what wrong with it?, even the experts are following Auslanco's calls to make $ too). I bet that some traders who insulted others as as "dumb traders" "moronic" also flock to this thread. I have not seen the truly bright traders, such as Bravado, Fixme1too, Glenn, Karmostaji, NORTHPRO, Monarch and other kind traders too numerous to name, proven by their deeds in helping others to learn and make $, call anyone as "dumb traders" . We keep learning and making $ from you, Auslanco. Don't forget that I am your first student in learning to use your magic "momentum indicator" . I have been under the weather and hope to get well soon to participate more often.

Happy Trading to all
BR
Hope u get well BR - looking fwd to ur insights
  • #206
  • Jul 29, 2007 2:58pm Jul 29, 2007 2:58pm
Quoting JudeObscure
sri, where can we find the quote during weekend?

Hope this helps...

http://www.xe.com/ucc/
  • #207
  • Jul 29, 2007 2:58pm Jul 29, 2007 2:58pm
Latest 5mins chart OANDA
Attached Image
  • #208
  • Jul 29, 2007 2:58pm Jul 29, 2007 2:58pm
Quoting JudeObscure
sri, where can we find the quote during weekend?
hey Jude,
U can find the latest quotes here during the weekend :

www.xe.com

I had a small position open on sell over weekend...was worried at one point where it had gone up to 244.79..but then nicely dropped back to 239.50 at open now.
  • #209
  • Jul 29, 2007 3:06pm Jul 29, 2007 3:06pm
Quoting brok
Hope this helps...

http://www.xe.com/ucc/
Quoting sri
hey Jude,
U can find the latest quotes here during the weekend :

www.xe.com

I had a small position open on sell over weekend...was worried at one point where it had gone up to 244.79..but then nicely dropped back to 239.50 at open now.
Thank you, brok.
Thank you, sri.
Hope ya have a good monday.
start from here
  • #210
  • Jul 29, 2007 3:12pm Jul 29, 2007 3:12pm
since the price has opened below the trendline and the 38.2% fibo, I expect more downward movement towards 236 which is the 50% fibo
Trade what you see, not what you think.
  • #211
  • Jul 29, 2007 3:12pm Jul 29, 2007 3:12pm
Most often, from my experience,i have seen that whenever there is a gap up or gap down over the weekend,it usually gets filled before any proper movement.

Has this been the experience with other people too..
i have closed my open positions which were open over the weekend as i am unsure of the price movement.( Felt nice to pocket the pips with gap down).

Will look out for proper breakout before entering again.
Looking forward to another positive pip journey.

Nice of auslanco to make a new thread and actually discuss the strtergies rather than just making calls to enter or exit.

i am sure this will hit page 500 by end of week
  • #212
  • Jul 29, 2007 3:16pm Jul 29, 2007 3:16pm
Quoting wwwin
How is the Stop Loss point calculated? If u enter based on upward crossover on the 1h, if the 1h crosses down do u close there? How about SL point when u r not watching the market? Thanks

It's safe to have your stop loss 100 pips from the start of 1hr MACD/strength indicator crossover bar.
  • #213
  • Jul 29, 2007 3:38pm Jul 29, 2007 3:38pm
In my FCXM dropped more than 100 pips just in the last 5 min. bar 239.38 at this moment. It doesn't look like Oanda's chart.

I gues something's wrong because the market is not open yet?
Ado Whether you believe you can do a thing or not, you are right.
  • #214
  • Jul 29, 2007 3:39pm Jul 29, 2007 3:39pm
1Hr strength indicator crosses down. We may see a retracement up to 240.50 area during the mid asian seesion to close the weekend gap. This will be a good opportunity for us to go down. It may go down to lower 238 area today.
Attached Image (click to enlarge)
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  • #215
  • Jul 29, 2007 3:42pm Jul 29, 2007 3:42pm
Quoting karmostaji
since the price has opened below the trendline and the 38.2% fibo, I expect more downward movement towards 236 which is the 50% fibo
I agree!
Attached Image
  • #216
  • Jul 29, 2007 3:45pm Jul 29, 2007 3:45pm
If the indicators turn up at the next hourly reading, wouldn't that be a signal to catch the retrace? I know you don't do retraces A, but it would seem to be a good opportunity.
  • #217
  • Jul 29, 2007 3:48pm Jul 29, 2007 3:48pm
Quoting karmostaji
since the price has opened below the trendline and the 38.2% fibo, I expect more downward movement towards 236 which is the 50% fibo
Get outta that Trade Now.
You may be right &, IF you are, there is a much better entry coming {probably within the next hour or so}.
  • #218
  • Jul 29, 2007 3:49pm Jul 29, 2007 3:49pm
Quoting markam
If the indicators turn up at the next hourly reading, wouldn't that be a signal to catch the retrace? I know you don't do retraces A, but it would seem to be a good opportunity.
LOL...If I say yes there will be 70 people here would want to go against the trend .
  • #219
  • Jul 29, 2007 3:49pm Jul 29, 2007 3:49pm
me 2 a preety good one... someone is pushing up...ill wait for a hammer to be foremed on weekly...and if 240 holds,...they might unwind all...well they should!
its just money
  • #220
  • Jul 29, 2007 3:51pm Jul 29, 2007 3:51pm
Auslanco,

Are we still going to use the messenger? I just downloaded VT Trader and WOW!! It seems a whole lot easier to plot a chart with them than it is with IBFX. THANKS!!! I don't have high speed internet so I am not going to risk trading G/Y just yet, but I will in a demo account. As always, thanks a bunch for your infinite patience and wisdom. Thank you to all the experienced traders for your professional posts, comments, and analysis. It really does help the greenhorns here.

Brandon
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