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

  • #6,741
  • Aug 12, 2007 11:13pm Aug 12, 2007 11:13pm
Quoting auslanco
Long @ 239.37
SL 238.37
TP1 241.39
TP2 242.39

Trade @ your own risk. Please analyse your own strtegy before take this trade. You may loose all your money
I entered long a bit earlier but am confident it would go up later. My stoploss is wide enough to handle these small swings. Let's see http://www.forexfactory.com/images/icons/icon7.gif
  • #6,742
  • Aug 12, 2007 11:14pm Aug 12, 2007 11:14pm
Quoting Pips_Cruiser
Hi Auslanco. Which of the VT Pivot Point indicators do you use? And do you go with the default 17 value? I keep getting slightly different results.

Thanks!

These are TTN pivots start @00.00EST
  • #6,743
  • Aug 12, 2007 11:14pm Aug 12, 2007 11:14pm
Hey Aus,

Just wondering, with the 4 hour bars - won't we be looking for two bars to close above the TFT line before going long with this pair?
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  • #6,744
  • Aug 12, 2007 11:16pm Aug 12, 2007 11:16pm
Quoting auslanco
Long @ 239.37
SL 238.37
TP1 241.39
TP2 242.39

Trade @ your own risk. Please analyse your own strtegy before take this trade. You may loose all your money
Hi Auslanco. Did your 4H candle close above the TFT line?
  • #6,745
  • Aug 12, 2007 11:17pm Aug 12, 2007 11:17pm
there is a huge pin bar on the daily.
  • #6,746
  • Aug 12, 2007 11:17pm Aug 12, 2007 11:17pm
My two cents' worth: down to 235.10 support
  • #6,747
  • Aug 12, 2007 11:19pm Aug 12, 2007 11:19pm
Quoting LiveLoud
Hey Aus,

Just wondering, with the 4 hour bars - won't we be looking for two bars to close above the TFT line before going long with this pair?
You suppose to wait until a bar close above TFT. I pulled the trigger little early because I saw a good 4hr and 2hr momentum upwards. But .. you could wait until a bar close above the TFT line which is the right thing to do.
  • #6,748
  • Aug 12, 2007 11:23pm Aug 12, 2007 11:23pm
price still below the TFT line.
SI (QQE) crossed upwards and confirmed
Good 4hr momentum
Attached Image
  • #6,749
  • Aug 12, 2007 11:26pm Aug 12, 2007 11:26pm
I would be careful going long, but I'm Mr. short biased
Trade what you see, not what you think.
  • #6,750
  • Aug 12, 2007 11:28pm Aug 12, 2007 11:28pm
Quoting auslanco
These are TTN pivots start @00.00EST
There is a great web site www.actionforex.com where it shows all the pivots and res + sup and they get updated every 30 minutes.
  • #6,751
  • Aug 12, 2007 11:32pm Aug 12, 2007 11:32pm
Quoting auslanco
Long @ 239.37
SL 238.37
TP1 241.39
TP2 242.39

Trade @ your own risk. Please analyse your own strtegy before take this trade. You may loose all your money
Long @ 239.23
SL @ 238.23
TP @ 241.25

Haven't figured out how to TP twice on the same trade. Maybe by next time.
  • #6,752
  • Aug 12, 2007 11:34pm Aug 12, 2007 11:34pm
Don't forget the PPI announcement in 4 hours that could impact GJ movement.
  • #6,753
  • Aug 12, 2007 11:34pm Aug 12, 2007 11:34pm
Quoting Pips_Cruiser
Long @ 239.23
SL @ 238.23
TP @ 241.25

Haven't figured out how to TP twice on the same trade. Maybe by next time.
50% positions @ TP1
Other 50% @ TP2
  • #6,754
  • Aug 12, 2007 11:35pm Aug 12, 2007 11:35pm
Quoting auslanco
price still below the TFT line.
SI (QQE) crossed upwards and confirmed
Good 4hr momentum
Hi Auslanco,

Was looking at RSI....The rsi is right in the middle... Very steady ....
Attached Image
  • #6,755
  • Aug 12, 2007 11:35pm Aug 12, 2007 11:35pm
Quoting markam
Don't forget the PPI announcement in 4 hours that could impact GJ movement.
It could do so markam, but I think at this point everyone would be paying more attention to the cpi numbers coming out the following day. Of course if the ppi came out wildly higher/lower than i'm sure it would affect gbp. Let's hope the global equity markets remain stable.. and don't go in a panic mode.
  • #6,756
  • Aug 12, 2007 11:38pm Aug 12, 2007 11:38pm
hi Aus and the gang,
i added one more indi to my charts and it helps in telling the slope of the trend. It is 'moving slope rate of change'. Just now when tft, strength and momentum are bullish it is stll bearish in one hr frame. Another nice thing about it is it smoothens the spikes
Aus! willya have look at that please.
den
  • #6,757
  • Aug 12, 2007 11:41pm Aug 12, 2007 11:41pm
Quoting webstakes
Hi Auslanco,

Was looking at RSI....The rsi is right in the middle... Very steady ....
RSI is steady indeed.. because it's still a ranging market. It will move up or down with the price action since it's a lagging indicator .
  • #6,758
  • Aug 12, 2007 11:48pm Aug 12, 2007 11:48pm
Moving Slope Rate of change with Default setting on 1hr charts.
Attached Image
  • #6,759
  • Aug 12, 2007 11:57pm Aug 12, 2007 11:57pm
yea aus it has peaked and showing negative slope, curling down
den
  • #6,760
  • Aug 13, 2007 12:01am Aug 13, 2007 12:01am
Quoting moneyAA
yea aus it has peaked and showing negative slope, curling down
den
In this case, why long not short?
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