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

  • #9,061
  • Aug 16, 2007 5:17am Aug 16, 2007 5:17am
Quoting zoheir
First Tp Hit 238.35 :d :d
Maybe I should have gone for 2,000
  • #9,062
  • Aug 16, 2007 5:17am Aug 16, 2007 5:17am
congrats mike!!!
  • #9,063
  • Aug 16, 2007 5:18am Aug 16, 2007 5:18am
Quoting MikeW
Maybe I should have gone for 2,000
I intentionally didn't call my trade so that I don't confuse anyone, but 2000 would be too much
  • #9,064
  • Aug 16, 2007 5:18am Aug 16, 2007 5:18am

if 227.80 is breakin the only support is at 222.33....
freakin !!!!

"Analysis Is Hard But Trade Is Easy"
  • #9,065
  • Aug 16, 2007 5:20am Aug 16, 2007 5:20am
Quoting Se[V]eN

if 227.80 is breakin the only support is at 222.33....




freakin !!!!

Hmmm I'm only concered with the 228.35, then will see
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  • #9,066
  • Aug 16, 2007 5:22am Aug 16, 2007 5:22am
Support at 228.30 then 227.60
COT: The precious data ignored
  • #9,067
  • Aug 16, 2007 5:23am Aug 16, 2007 5:23am
Quoting auslanco
possible retracement up to 230. becareful if you are short
That will only come at the end of this hour - cum -New York open.
God is good
  • #9,068
  • Aug 16, 2007 5:23am Aug 16, 2007 5:23am
Quoting egutie6970
congrats mike!!!
thanks egutie
  • #9,069
  • Aug 16, 2007 5:23am Aug 16, 2007 5:23am
Originally Posted by mktjong
I am more and more convinced that positive or negative divergence especially on hourly chart is like free money. Almost guarantee right to profit the trade


Quote:
Originally Posted by jarroo
Thanks for the chart. Your MACD is showing divergence as well. Just be careful on the lower time frames with divergence. They can be very lagging and misleading. Check out your monthly chart for the current negative divergence we are in now.

Jim

Hi Jim,

I notice Slow Stoch divergence is more accurate than MACD. Plus too high time frames (i.e: weekly, monthly) are less to prove it in action 'coz too long the time frame as I trade mostly daily (Day Trade). Hourly divergence is the best by far in term of accuracy.
Agree?

While catching up with the thread from when I was asleep I found this posts that I find very interesting because I also rely a great deal on stochs, I use 5,3,3 setting, from Spudfrye strat. I mostly rely on them for scalps on entrys when 5min and 15 min are aligned and in oversold or overbought.
I use MT4 with these but I don't seem to find slow or fast option to set them with, do you also use MT4 and if so how can I set them to slow stoch?
And also 8,3,3 setting it should be somewhat delyed from 5,3,3; have you also tried them for scalps or only for divergence pourposes?

P.S Good morning to everyone!
  • #9,070
  • Aug 16, 2007 5:24am Aug 16, 2007 5:24am
Quoting zoheir
I'm sorry if it was a little more than one hour as I promissed CONFRATULATIONS!!!!!!!!!!
Well done Mike & may the pip count increase exponentially.

I have a way to go I only got about 140 odd on the Au/Yen.

I'm out for a retrace.
Le singe est dans l'arbre
  • #9,071
  • Aug 16, 2007 5:26am Aug 16, 2007 5:26am
Quoting MEKUS
That will only come at the end of this hour - cum -New York open.
We have about 1 and a half hours for the NY open, unless FX market clock is wrong.
Le singe est dans l'arbre
  • #9,072
  • Aug 16, 2007 5:28am Aug 16, 2007 5:28am
Quoting MikeW
1,000+

This must be what it's like to get a hole in one!!

AWESOME MATE-- crown lager on me!
  • #9,073
  • Aug 16, 2007 5:28am Aug 16, 2007 5:28am
Congrats Mike.. I've got my bottle opener ready

Man, I see no end in sight to these carry pair dumping sessions. This is it, this is the 'unwind' - it's official (from me)
  • #9,074
  • Aug 16, 2007 5:30am Aug 16, 2007 5:30am
Quoting hi6hlander
Well done Mike & may the pip count increase exponentially.

I have a way to go I only got about 140 odd on the Au/Yen.

I'm out for a retrace.
Thanks hi6hlander, I had a look at the AUD/JPY earlier - looks like there's still some legs left in it don't you think?

Mike
  • #9,075
  • Aug 16, 2007 5:31am Aug 16, 2007 5:31am
1,000+




CONGRATULATIONS MIKE
  • #9,076
  • Aug 16, 2007 5:34am Aug 16, 2007 5:34am
Thanks everyone, party at Auslancos place
  • #9,077
  • Aug 16, 2007 5:34am Aug 16, 2007 5:34am
Rollercoaster!!! What a beast man...
  • #9,078
  • Aug 16, 2007 5:34am Aug 16, 2007 5:34am
f$%# me!!
220 pips on 7 lots

oops!!
  • #9,079
  • Aug 16, 2007 5:34am Aug 16, 2007 5:34am
2nd TP 225.85 !!
  • #9,080
  • Aug 16, 2007 5:35am Aug 16, 2007 5:35am
Quoting Arbit007
1,000+




CONGRATULATIONS MIKE

is this nuts or what
Trade what you see, not what you think.
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