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

  • #3,761
  • Aug 5, 2007 9:30pm Aug 5, 2007 9:30pm
aus, do you still think the 1hr strength will come up above 50 then drop below it again? because its still got quite far to go. or do you look at the strength of the lower time frames?
  • #3,762
  • Aug 5, 2007 9:32pm Aug 5, 2007 9:32pm
what's with the rally?
Bring It...
  • #3,763
  • Aug 5, 2007 9:38pm Aug 5, 2007 9:38pm
Quoting ovidiu
If some one can explain that is more than welcome, I was on a nice ride up when sudently it all came crashing down. The only thing that I can see there was the trendline on daily but to have such an effect?!
It's a weekly trendline, strong one
Trade what you see, not what you think.
  • #3,764
  • Aug 5, 2007 9:43pm Aug 5, 2007 9:43pm
Quoting sdot
aus, do you still think the 1hr strength will come up above 50 then drop below it again? because its still got quite far to go. or do you look at the strength of the lower time frames?
Very good question sdot.. This is the same problem I have . If the 1hr touch 50 line and turn to down side... then it's a guaranteed 300 pips.. nothing can stop that. What I'm trying to do now is get sell entries on smaller multiple time frames but still hoping to load my bigger chunk of lots if the 1hr goes up all the way up to 50line and turn back.
This could sound confusing to people who just started these indicators today.. but you guys will learn how to integrate the smaller time frames with 1hr . As it is sell order from 1hr is not a bad entry because the price is above the 5sma. I don't want to do that because if the 1hr strength indicator turns bullish.. then this retracement will surely go above 241 before it shoots down.
  • #3,765
  • Aug 5, 2007 9:45pm Aug 5, 2007 9:45pm
Quoting auslanco
Very good question sdot.. This is the same problem I have . If the 1hr touch 50 line and turn to down side... then it's a guaranteed 300 pips.. nothing can stop that. What I'm trying to do now is get sell entries on smaller multiple time frames but still hoping to load my bigger chunk of lots if the 1hr goes up all the way up to 50line and turn back.
This could sound confusing to people who just started these indicators today.. but you guys will learn how to integrate the smaller time frames with 1hr . As it is sell order from 1hr is not a bad entry because the price is above the 5sma. I don't want to do that because if the 1hr strength indicator turns bullish.. then this retracement will surely go above 241 before it shoots down.
so basically the optimal situation would be that the 1hr strength comes back to 50 and bounces back, or crosses above then comes back down. But its possible that wont happen, so this is why you are integrating the smaller time frames to figure out where you want to get in the market. am i about right?
  • #3,766
  • Aug 5, 2007 9:46pm Aug 5, 2007 9:46pm
Quoting sdot
so basically the optimal situation would be that the 1hr strength comes back to 50 and bounces back, or crosses above then comes back down. But its possible that wont happen, so this is why you are integrating the smaller time frames to figure out where you want to get in the market. am i about right?
spot on sdot
  • #3,767
  • Aug 5, 2007 9:50pm Aug 5, 2007 9:50pm
aus,
integrating the smaller time frames, does that help you with exit strategy as well should things shift?
Bring It...
  • #3,768
  • Aug 5, 2007 10:03pm Aug 5, 2007 10:03pm
Quoting jules
aus,
integrating the smaller time frames, does that help you with exit strategy as well should things shift?
When you enter from smaller time frame like 10mins you have to be very cautious...if you are chasing big pips. As the price moves if you don't see much promising results from 1hr time frame you may want to exit with a smaller profit margin .

But you may only want to catch 20-40 pip moves with 10 min time frame. I prefer to catch large 200-300 moves on 1hr time frames.

This thread member Spanishfly had made 180 pips from scalping by integrating the 30min time frame with the 5 mins. He also made 200 on my 4hr / 1hr strategy. He emailed me a copy of his statement and he had made 390 pips last week(his very first week following this strategy) on this pair.

End of the day .. It's all about what you are more comfortable of doing.
  • #3,769
  • Aug 5, 2007 10:06pm Aug 5, 2007 10:06pm
*(jp) June Preliminary Leading Index: 80.0% V 80%e; Coincident: 77.8% V 77.8%e
  • #3,770
  • Aug 5, 2007 10:17pm Aug 5, 2007 10:17pm
Quoting auslanco
When you enter from smaller time frame like 10mins you have to be very cautious...if you are chasing big pips. As the price moves if you don't see much promising results from 1hr time frame you may want to exit with a smaller profit margin .

But you may only want to catch 20-40 pip moves with 10 min time frame. I prefer to catch large 200-300 moves on 1hr time frames.

This thread member Spanishfly had made 180 pips from scalping by integrating the 30min time frame with the 5 mins. He also made 200 on my 4hr / 1hr strategy. He emailed me a copy of his statement and he had made 390 pips last week(his very first week following this strategy) on this pair.

End of the day .. It's all about what you are more comfortable of doing.
excellent, thx!
my weakness tends to be jumping ship too early worried about reversal...working on that
you and karmo have such great strategies and entries/exits....inspiring!
i hope to be good traders like you guys soon...like maybe ...now:
Bring It...
  • #3,771
  • Aug 5, 2007 10:30pm Aug 5, 2007 10:30pm
1hr is still refusing to cross over upwards
30 mins strength is bullish... Ranging market around 240.23 before Frankfurt start or may be UK news.
  • #3,772
  • Aug 5, 2007 10:31pm Aug 5, 2007 10:31pm
1hr & 30 mins
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  • #3,773
  • Aug 5, 2007 10:32pm Aug 5, 2007 10:32pm
Quoting auslanco
1hr is still refusing to cross over upwards
30 mins strength is bullish... Ranging market around 240.23 before Frankfurt start or may be UK news.
Ranging indeed, this retracement might even take a day or maybe not if we have bad GBP news later today
Trade what you see, not what you think.
  • #3,774
  • Aug 5, 2007 10:33pm Aug 5, 2007 10:33pm
Quoting auslanco
1hr is still refusing to cross over upwards
30 mins strength is bullish... Ranging market around 240.23 before Frankfurt start or may be UK news.

i'm not following ur strategy but i wuld like to noe, if it cross, means goin up?
  • #3,775
  • Aug 5, 2007 10:38pm Aug 5, 2007 10:38pm
Quoting Holypendant
i'm not following ur strategy but i wuld like to noe, if it cross, means goin up?

If the 1hr cross upwards.. then the price will go 241+
If the 30 mins cross downward.. It might be the start of 300 pip bearish rally we are waiting for.
untill then it will be ranging around 240.23
  • #3,776
  • Aug 5, 2007 10:52pm Aug 5, 2007 10:52pm
Quoting auslanco
If the 1hr cross upwards.. then the price will go 241+
If the 30 mins cross downward.. It might be the start of 300 pip bearish rally we are waiting for.
untill then it will be ranging around 240.23
in few more mins, i tink ur 1 hr candle is goin cross upwards. maket is slow nw...
  • #3,777
  • Aug 5, 2007 10:57pm Aug 5, 2007 10:57pm
Quoting Holypendant
in few more mins, i tink ur 1 hr candle is goin cross upwards. maket is slow nw...
yehh.. it will. but the strength indicator doesn't want to cross upwards. I hope to see the price retracement up to Friday close..Thant will not only give ma a better entry to go short.. the pair will also collect firepower to shoot down.
  • #3,778
  • Aug 5, 2007 11:04pm Aug 5, 2007 11:04pm
Quoting auslanco
yehh.. it will. but the strength indicator doesn't want to cross upwards. I hope to see the price retracement up to Friday close..Thant will not only give ma a better entry to go short.. the pair will also collect firepower to shoot down.
if news later is unfavour to GBP, it doesnt nd any firepower n it will drive tis pair dwn...
  • #3,779
  • Aug 5, 2007 11:06pm Aug 5, 2007 11:06pm
some how i saw in my chart, if tis pair broke 230, it's goin dwn to 190...
  • #3,780
  • Aug 5, 2007 11:16pm Aug 5, 2007 11:16pm
Quoting auslanco
yehh.. it will. but the strength indicator doesn't want to cross upwards. I hope to see the price retracement up to Friday close..Thant will not only give ma a better entry to go short.. the pair will also collect firepower to shoot down.

pushing up and building tension on the spring
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