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

  • #3,261
  • Aug 2, 2007 4:49pm Aug 2, 2007 4:49pm
Quoting trader8686
Can you describe your indicator when enter your winning trades?
Just want to review, I collected some of his note, too.
It's the same strength indicator as auslanco used.. I entered 1 hr cross up and waited for price to retrace at 5 sma to enter. 4 hr cross 50 line. so I go for 300 pips profit.
  • #3,262
  • Aug 2, 2007 5:12pm Aug 2, 2007 5:12pm
Here is the 4H Chart with current trend lines. Anyone have thoughts on which line will break first?

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4h.jpg Size: 34 KB
  • #3,263
  • Aug 2, 2007 5:21pm Aug 2, 2007 5:21pm
i see my next resistance at 243.89.. but I'm out at 243.52
  • #3,264
  • Aug 2, 2007 5:25pm Aug 2, 2007 5:25pm
Quoting ovidiu
if this matters to anyone, but also the correlations indicator shows that in some time now it will be shorts time, jpy is the pink one and gbp is the red one, we can see on the 4H chart that jpy is strenghtening relatively to the jpy
Are you sure this chart is telling the right thing?
How long have you been using it?
  • #3,265
  • Aug 2, 2007 5:32pm Aug 2, 2007 5:32pm
Maybe I'm just trying to convince myself, but I think I see an ascending triangle indicating a north breakout, can someone more experienced comment ?
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  • #3,266
  • Aug 2, 2007 5:36pm Aug 2, 2007 5:36pm
Quoting zoheir
Maybe I'm just trying to convince myself, but I think I see an ascending triangle indicating a north breakout, can someone more experienced comment ?
I think so, too.
  • #3,267
  • Aug 2, 2007 5:38pm Aug 2, 2007 5:38pm
H1 and H4
  • #3,268
  • Edited 5:55pm Aug 2, 2007 5:38pm | Edited 5:55pm
Quoting Spanishfly
i see my next resistance at 243.89.. but I'm out at 243.52
Again, please give me your Ausi instruction for this one.
My concern is to see the retracement before get into the long position.
But, looks like no retracement.???Maybe it doesn't have to retrace here.
  • #3,269
  • Aug 2, 2007 5:43pm Aug 2, 2007 5:43pm
Quoting trader8686
Again, please give me your Ausi instruction for this one.
Don't think you need noone's instruction to draw a resistance line mate
  • #3,270
  • Aug 2, 2007 5:45pm Aug 2, 2007 5:45pm
Quoting zoheir
Don't think you need noone's instruction to draw a resistance line mate
LOL :
  • #3,271
  • Aug 2, 2007 5:48pm Aug 2, 2007 5:48pm
we'll be fine , just keep reading and make sure u read evrrything more than once!!
  • #3,272
  • Aug 2, 2007 5:52pm Aug 2, 2007 5:52pm
Quoting trader8686
Again, please give me your Ausi instruction for this one.
Oh My god. You people are crazy. You say I read 500 posts 1000 posts blah blah . Never learn anything.
4hour was bullish from the 30th ok? so I only want to go long. 1hour strength indicator crossed up (50 Line) on the 1st august at 10.00 NY time. but price is alot above 5 sma. So I waited the price will come back to 5 sma. so I entered at 240.52. my target was 200 pips as Ausi said. but 4 hr Strength Indicator crossed 50 line . so I go for 300 profit target.
  • #3,273
  • Aug 2, 2007 5:59pm Aug 2, 2007 5:59pm
Quoting Spanishfly
Oh My god. You people are crazy. You say I read 500 posts 1000 posts blah blah . Never learn anything.
4hour was bullish from the 30th ok? so I only want to go long. 1hour strength indicator crossed up (50 Line) on the 1st august at 10.00 NY time. but price is alot above 5 sma. So I waited the price will come back to 5 sma. so I entered at 240.52. my target was 200 pips as Ausi said. but 4 hr Strength Indicator crossed 50 line . so I go for 300 profit target.
But, I thought that you just entered another one and ready to get out at 234.50. How do you think about it may be retraced to 241 ?
  • #3,274
  • Aug 2, 2007 6:04pm Aug 2, 2007 6:04pm
Quoting trader8686
But, I thought that you just entered another one and ready to get out at 234.50. How do you think about it may be retraced to 241 ?
may be , may be not. I have my stop loss at 241.52. If that happend i still have 100 pip profit
  • #3,275
  • Aug 2, 2007 6:13pm Aug 2, 2007 6:13pm
Quoting Spanishfly
may be , may be not. I have my stop loss at 241.52. If that happend i still have 100 pip profit
Nice, shouldn't be worry for you.
  • #3,276
  • Aug 2, 2007 11:09pm Aug 2, 2007 11:09pm
Quoting karmostaji
I closed my long, 4h doesn't show any strength towards 244 now, price might retrace to 241.80 based on 4h, i'll post a chart in a bit
I'm getting bored waiting for this
Trade what you see, not what you think.
  • #3,277
  • Aug 3, 2007 12:48am Aug 3, 2007 12:48am
Wow, this is sort of weird to see the GBP/JPY so docile. Especially after the London open.
  • #3,278
  • Aug 3, 2007 12:54am Aug 3, 2007 12:54am
Not when it is NFP time!
The lull before the storm.
  • #3,279
  • Aug 3, 2007 2:01am Aug 3, 2007 2:01am
Shorting at 242.50. stoploss at 243.24. TP is open. if it breaks 242, i'm seeing it goin back dwn to 238 range again.... any1 with me?
  • #3,280
  • Aug 3, 2007 2:36am Aug 3, 2007 2:36am
Quoting Holypendant
Shorting at 242.50. stoploss at 243.24. TP is open. if it breaks 242, i'm seeing it goin back dwn to 238 range again.... any1 with me?
That's my current position but 242.54 since NY close, with 25 TS and open TP
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