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

Quoting ovidiu

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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?!

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Quoting sdot

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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?

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Quoting auslanco

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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.

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Quoting sdot

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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?

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Quoting jules

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aus,
integrating the smaller time frames, does that help you with exit strategy as well should things shift?

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Quoting auslanco

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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.

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Quoting auslanco

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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.

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Quoting auslanco

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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.

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Quoting Holypendant

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i'm not following ur strategy but i wuld like to noe, if it cross, means goin up?

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Quoting auslanco

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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

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Quoting Holypendant

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in few more mins, i tink ur 1 hr candle is goin cross upwards. maket is slow nw...

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Quoting auslanco

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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.

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Quoting auslanco

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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.

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