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

  • #8,321
  • Aug 15, 2007 11:15am Aug 15, 2007 11:15am
Quoting markam
If you are a technical trader, you cannot ignore news events. You also cannot ignore the movements of the dow. If you are going long based on technicals, and the dow starts going down, you need to know that GJ is going to go down also, regardless of what your technical analysis shows.

If you are in a long-term trade, and the dow movement is not a major event, you can ignore it. However, if you are scalping or working with tight stops, you should close your position. You saw I was able to give 2-3 minutes warning before GJ started down.
You are perfectly right, and I agree with you, I also have a DJI window opened all times and check it now and then, and yes you can take minor profits by folowing the DOW, but this will only make you move you entry point up(for longs), but like you said if you are in a longer term trade just leave it be, eventualy it will turn out like you planed... did this mistake sooooo many times that now I am just having a bud..., relaxing, you now the usual
  • #8,322
  • Aug 15, 2007 11:16am Aug 15, 2007 11:16am
Quoting zoheir
you'll be fine I'm sure...James from the james16 group trades the mini dow with the same systems he uses for FX
but I'm sure you'll find more trades/per month with your system than what you find with GJ

You mean there will be more trades on DJ??
  • #8,323
  • Aug 15, 2007 11:17am Aug 15, 2007 11:17am
Quoting HnP
any body has idea about GU? Anybody long?
that's what I see and it may be rong ,,,
we started wave 4 as a corective wave heading to 2.0029 area
from there will start a larg wave 5 twards 1.9745
If you count on hope in any trade ……. Get out of it
  • #8,324
  • Aug 15, 2007 11:17am Aug 15, 2007 11:17am
Quoting auslanco
sorry.. go up I mean.. because GJ will go up this hour
It will go up if the dow just putts along in its current range. If the dow decides to dive (which it probably will before the close of the market), GJ will dive right along with it.

Between 9:30 and 4 eastern standard time, I strictly watch dow movement, and don't trade based upon technicals.
  • #8,325
  • Aug 15, 2007 11:18am Aug 15, 2007 11:18am
I hope GJ will go down before going up so i could buy it at a lower price , i missed the ship earlier :s
COT: The precious data ignored
  • #8,326
  • Aug 15, 2007 11:18am Aug 15, 2007 11:18am
GU: (1.9933) My medium-term prediction... from around the current area, GU will drop at least 10 big figs within the next 2-3 weeks...starting pretty soon.
  • #8,327
  • Aug 15, 2007 11:18am Aug 15, 2007 11:18am
Thank you markham
Do you follow dow in Bloomberg. I apologise for such a newbie
question
Senbanda
  • #8,328
  • Aug 15, 2007 11:18am Aug 15, 2007 11:18am
Quoting auslanco
You mean there will be more trades on DJ??
In my opinion yes, your system will be able to spot more than 8/month trades on DJ
  • #8,329
  • Aug 15, 2007 11:19am Aug 15, 2007 11:19am
Has anyone seen Karmo... or has he gone to Uni?
  • #8,330
  • Aug 15, 2007 11:21am Aug 15, 2007 11:21am
Quoting auslanco
my 1st target 234.60

2nd target 235.40

trade at your own risk.. I'm right only 10% of the time
Just set up everything as mentioned in the first post with Bill77's help. Thank you bill77.

Now I wanted to confirm whether the reading is correct in GBP/JPY, in 1hr chart QQE is near 40.500 and GANN HiLo Activator is below 4 price bars. In 4hr chart QQE is above 29.000 and GANN HiLo Activator is above price bars.

Please let me know if it is correct or not.
  • #8,331
  • Aug 15, 2007 11:21am Aug 15, 2007 11:21am
Quoting zoheir
In my opinion yes, your system will be able to spot more than 8/month trades on DJ
Yehh.. I want to spend next few weeks studying to trade Dow. As Markam points out.. it will be easy to trade together with GJ
  • #8,332
  • Aug 15, 2007 11:22am Aug 15, 2007 11:22am
I've posted here before but....

I'm originally from Pennsylvania, but I live in England with my wife and 2 kids, Hailey and Tyler

You all are awesome, I've learned TONS!! We should keep in touch, when we all havea millions we can hook up, drink some beer and do some fishing.
  • #8,333
  • Aug 15, 2007 11:24am Aug 15, 2007 11:24am
Quoting ar1002
Just set up everything as mentioned in the first post with Bill77's help. Thank you bill77.

Now I wanted to confirm whether the reading is correct in GBP/JPY, in 1hr chart QQE is near 40.500 and GANN HiLo Activator is below 4 price bars. In 4hr chart QQE is above 29.000 and GANN HiLo Activator is above price bars.

Please let me know if it is correct or not.
great
  • #8,334
  • Aug 15, 2007 11:26am Aug 15, 2007 11:26am
Quoting JDAMv3
I've posted here before but....

I'm originally from Pennsylvania, but I live in England with my wife and 2 kids, Hailey and Tyler

You all are awesome, I've learned TONS!! We should keep in touch, when we all havea millions we can hook up, drink some beer and do some fishing.
Where in PA?
  • #8,335
  • Aug 15, 2007 11:26am Aug 15, 2007 11:26am
Quoting Richardj
GU: (1.9933) My medium-term prediction... from around the current area, GU will drop at least 10 big figs within the next 2-3 weeks...starting pretty soon.
well.. the prediction is based on what my dear Richard...
I would like to see it drops too..
  • #8,336
  • Aug 15, 2007 11:28am Aug 15, 2007 11:28am
Quoting markam
Where in PA?

North of Pittsburgh, about an hour and a half, Clarion County.

My brother lives out in Lancaster.

GO STEELERS!!!!!!!
  • #8,337
  • Aug 15, 2007 11:32am Aug 15, 2007 11:32am
Quoting auslanco
Yehh.. I want to spend next few weeks studying to trade Dow. As Markam points out.. it will be easy to trade together with GJ
What is according to you the best entry now?
  • #8,338
  • Aug 15, 2007 11:32am Aug 15, 2007 11:32am
Quoting JDAMv3
North of Pittsburgh, about an hour and a half, Clarion County.

My brother lives out in Lancaster.

GO STEELERS!!!!!!!
Without Cowher, I don't expect much this year. Somebody else from my area, and he lives in England.
  • #8,339
  • Aug 15, 2007 11:32am Aug 15, 2007 11:32am
Quoting auslanco
great
Thank you. Is the reading correct? No position to enter?

Did your method can be applied to other pairs as well?
  • #8,340
  • Aug 15, 2007 11:33am Aug 15, 2007 11:33am
Back from a few hours sleep.Some of us need to sleep Aus!!

Im from Brisbane Australia.Lots of sun ,no rain.

Aus have you considered the e-mini,I am looking at that at present.Seams to have good manners and watching it with your system works well.

Cheers
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