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

  • #8,201
  • Aug 15, 2007 9:47am Aug 15, 2007 9:47am
Quoting auslanco
this retracement will go down to 233.19
That should match up well with 13,000 on the dow, which the market is trying to head for.

I guess we will just disagree on which is the tail and which is the dog during US market hours.
  • #8,202
  • Aug 15, 2007 9:47am Aug 15, 2007 9:47am
Quoting ovidiu
After 4 weeks or so trading GJ and with Auslanco and Karmostaji as teachears this are the conclusions at which have arrived:

ONLY trade with the trend 1H, 4H, enter at 5SMA 1H set a SL of 100-150 pips, TP at the first important fib from the nearest run(usualy on 4H) that should be at least 200pips so you don't go crazy when the trade turns against you. After that go and drink a beer soda coffe anything, or better yet do something useful (in my case bang your head on a wall or something realy hard but don't mess with the trade adjusting SL or TP).
This should be the guide lines for every newbie or so I think...
Excellently summarized my friend!

That's the exact mistakes i do..

watch the thread on a 30second chart... and bang my head against the desk.. and then adjust the SL, TP.. and worse case.. close it at the wrong time - thinking that it would go against me more, just to see it reverse back to the intended location.. thus ending in a big time loss, instead of a big time profit.

LoL.
  • #8,203
  • Aug 15, 2007 9:48am Aug 15, 2007 9:48am
Auslanco,

What if the SI on H1 turns bearish, then do we go short?


PS: By the way I was here for to learn Aus' system but I am glad the way this forum turned into. Thanks for all the great comments from Istanbul, Turkey
  • #8,204
  • Aug 15, 2007 9:48am Aug 15, 2007 9:48am
Quoting zoheir
Short 233.80
Zoheir....what factor into your decision to short? this rally up moved passed both the 4hr and 1hr SMA...or is this like "gut" feeling?
  • #8,205
  • Aug 15, 2007 9:53am Aug 15, 2007 9:53am
Quoting brok
Auslanco,

What if the SI on H1 turns bearish, then do we go short?


PS: By the way I was here for to learn Aus' system but I am glad the way this forum turned into. Thanks for all the great comments from Istanbul, Turkey
If 30 min cross down.. Go short.
  • #8,206
  • Aug 15, 2007 9:55am Aug 15, 2007 9:55am
Quoting khmr
Zoheir....what factor into your decision to short? this rally up moved passed both the 4hr and 1hr SMA...or is this like "gut" feeling?
I think when we are calling a scalp we better say it's a scalp or some noobies might jump in and go the wrong way.

Mike
  • #8,207
  • Aug 15, 2007 9:57am Aug 15, 2007 9:57am
Paris, France (GMT+2)
COT: The precious data ignored
  • #8,208
  • Aug 15, 2007 9:57am Aug 15, 2007 9:57am
Quoting MikeW
I think when we are calling a scalp we better say it's a scalp or some noobies might jump in and go the wrong way.

Mike
thats why I asked the question....I didn't jump on his trade I just wanted to see how he determined the trade
  • #8,209
  • Aug 15, 2007 9:58am Aug 15, 2007 9:58am
Quoting auslanco
If 30 min cross down.. Go short.
Auslo,

I got another dumb question due to being almost brain dead right now.

Which indicator are we watching for the cross? (sorry just really tired)
  • #8,210
  • Aug 15, 2007 9:58am Aug 15, 2007 9:58am
Quoting MikeW
I think when we are calling a scalp we better say it's a scalp or some noobies might jump in and go the wrong way.

Mike
Good grab by the way zoheir, I thought about it but hesitated too long. Your brain obviously works faster than mine!
  • #8,211
  • Aug 15, 2007 9:58am Aug 15, 2007 9:58am
Quoting markam
This is probably the most international group of people combined in 1 forum anywhere on the web.

I think so...
  • #8,212
  • Aug 15, 2007 10:01am Aug 15, 2007 10:01am
Quote:
Originally Posted by NewstraderFX http://forexfactory.com/images/buttons/viewpost.gif
Sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell

GBP/JPY to the lower 230's

sell sell sell sell sell sell sell sell sell

Article: http://forexfactory.com/news.php?do=news&id=40547



Quoting NewstraderFX
around 600 pips from that one
Now that is what I call a good call NewstraderFX thanks, made more than 600 on your call. Not this buying of a retracement of a market that is in selloff mode to maybe get lucky and get 25 and then loss 1000 going against the trend to catch a small retracement
  • #8,213
  • Aug 15, 2007 10:01am Aug 15, 2007 10:01am
30 min bar is at the 5sma currently correct?
  • #8,214
  • Aug 15, 2007 10:01am Aug 15, 2007 10:01am
That the end of 30 min retraco
  • #8,215
  • Aug 15, 2007 10:02am Aug 15, 2007 10:02am
Quoting khmr
thats why I asked the question....I didn't jump on his trade I just wanted to see how he determined the trade
Sorry, that wasn't aimed at you. Your comment just made me think that we had better be a bit more careful.

Mike
  • #8,216
  • Aug 15, 2007 10:02am Aug 15, 2007 10:02am
Phoenix, Arizona....and it's HOT, HOT, HOT here!!!!!!!! (Got to 114 in the shade this week!!!)
  • #8,217
  • Aug 15, 2007 10:02am Aug 15, 2007 10:02am
Quoting auslanco
That the end of 30 min retraco
Slow ride up long then right?
Craazy
  • #8,218
  • Aug 15, 2007 10:02am Aug 15, 2007 10:02am
so going long from here?
  • #8,219
  • Aug 15, 2007 10:03am Aug 15, 2007 10:03am
SL 100 pips
edit


BE stop once up 75
  • #8,220
  • Aug 15, 2007 10:04am Aug 15, 2007 10:04am
or wait for 30 min bar to close?
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