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

  • #11,721
  • Aug 20, 2007 8:34am Aug 20, 2007 8:34am
DOW will be heading towards 13,280

write it down Dr. Markam Bernanke (sp?)
Trade what you see, not what you think.
  • #11,722
  • Aug 20, 2007 8:35am Aug 20, 2007 8:35am
Karmo says he was at uni.. I think he was at the lambhorgini dealer ..
  • #11,723
  • Aug 20, 2007 8:35am Aug 20, 2007 8:35am
Quoting intelmaster
welcome back bro..

i thought u were on break? what happened to the 24/7 trading from monday?
Trading is like a drug to me, I'm addicted.
Trade what you see, not what you think.
  • #11,724
  • Aug 20, 2007 8:35am Aug 20, 2007 8:35am
Quoting auslanco
Vishal the man
No mate, I make 30 pips.. you make 300. You're the man.. I'm still an infant :
  • #11,725
  • Aug 20, 2007 8:36am Aug 20, 2007 8:36am
Quoting VishalJ
Karmo says he was at uni.. I think he was at the lambhorgini dealer ..
Auslanco & Monarch are the big boys here
Trade what you see, not what you think.
  • #11,726
  • Aug 20, 2007 8:36am Aug 20, 2007 8:36am
Quote
Closed my short for 35 pips .. now I wish I had traded a bigger lot lol

Vishalj, you are becoming curse for this thread...people use to follow your trade(offcourse in opposite direction) to make money.... i still remember you saying that what ever you do market alsways goes against you...i went long keeping your short in mind ....but you know what..your curse is turning towards cure...may be your long forex trading experience is working now....
  • #11,727
  • Aug 20, 2007 8:36am Aug 20, 2007 8:36am
dow up 45 points already, not much reaction in the currencies though, should be tagging along i thought.
learn something everyday
  • #11,728
  • Aug 20, 2007 8:38am Aug 20, 2007 8:38am
auslanco...
I have experience in multi timeframe analysis...
All I can tell you (and I'm sure you know it.. but for all the new people here in tht thread... ) is that if you look at all the timeframes.... it is very difficult to have an entry. It doesn't depend on which strategy you follow... It is better to look at 2 or 3 maximum timeframes.. and master them and know how many pips of stoploss do you need for them... If you want to all the timeframes be signaled at the same time.. you only will have one entry per month... Then you don't need to be all the day looking at the charts.

keep in mind everybody that higher timeframes are more powerful than smaller timeframes... BUT smaller timeframes are the ones building the bigger timeframes.
  • #11,729
  • Aug 20, 2007 8:38am Aug 20, 2007 8:38am
Quoting faddy
dow up 45 points already, not much reaction in the currencies though, should be tagging along i thought.
instead they are falling,hmmmmmmmmmm
learn something everyday
  • #11,730
  • Aug 20, 2007 8:39am Aug 20, 2007 8:39am
Quoting faddy
dow up 45 points already, not much reaction in the currencies though, should be tagging along i thought.
13,105 is resistance, if it breaks.. next level is 13,245
Trade what you see, not what you think.
  • #11,731
  • Aug 20, 2007 8:40am Aug 20, 2007 8:40am
228.05 may be good price for go short?
  • #11,732
  • Aug 20, 2007 8:41am Aug 20, 2007 8:41am
I'll wait for the 1H candle to close, might go short till 226.80
Trade what you see, not what you think.
  • #11,733
  • Aug 20, 2007 8:42am Aug 20, 2007 8:42am
Quoting karmostaji
Auslanco & Monarch are the big boys here
Good too see you took some time from those long study periods from College.

We could be using your insight here for sure.

I am watching the Frankfurt High at 228.03 break as we speak, Next point in my book would be the median I have around 226.50 or possibly the Fibo support 23.6 at 225.13, Either way, I am waiting for some 30Min/Hourly/4Hr confirmations before going SHORT, unless I SCALP a few hundred pips here for the fun of it.

What is your analysis bro?
  • #11,734
  • Aug 20, 2007 8:42am Aug 20, 2007 8:42am
What about a potential bounce off 4hr 5sma (currently 227.90 for me)? On the more patient side, a crossover of 1hr QQE down then up again - with an eye to then current prices, levels etc..??
  • #11,735
  • Aug 20, 2007 8:42am Aug 20, 2007 8:42am
Quoting deeptrouble
Vishalj, you are becoming curse for this thread...people use to follow your trade(offcourse in opposite direction) to make money.... i still remember you saying that what ever you do market alsways goes against you...i went long keeping your short in mind ....but you know what..your curse is turning towards cure...may be your long forex trading experience is working now....
People really trade the opposite of what I trade? No wonder everyone is rich and I'm broke..

I just see that there is a lot of risk in these carry trades.. the markets aren't too comfortable with just a discount rate cut - subprime problems still remain. I view every positive spike as a reason to short.. that's all. Basically, news of hedge funds going into losses - mortgage companies going bankrupt are still rampant..

If Feds do cut the overnight rate (btw, that is already priced in) GJ may go up a bit.. and then come down again.

Just my opinion.. please do NOT follow my trades (whether in the right direction or the opposite!)

I also think that the DOW might not realy post any spectacular gains today.. again, I am right maybe 1 out of 100 times!
  • #11,736
  • Aug 20, 2007 8:44am Aug 20, 2007 8:44am
Quoting emda
auslanco...
I have experience in multi timeframe analysis...
All I can tell you (and I'm sure you know it.. but for all the new people here in tht thread... ) is that if you look at all the timeframes.... it is very difficult to have an entry. It doesn't depend on which strategy you follow... It is better to look at 2 or 3 maximum timeframes.. and master them and know how many pips of stoploss do you need for them... If you want to all the timeframes be signaled at the same time.. you only will have one entry per month... Then you don't need to be all the day looking at the charts.

keep in mind everybody that higher timeframes are more powerful than smaller timeframes... BUT smaller timeframes are the ones building the bigger timeframes.
You will be amazed how many times all the time frames line up on the same direction on this pair everyweek
  • #11,737
  • Aug 20, 2007 8:46am Aug 20, 2007 8:46am
4HR 5SMA retraco.. Just completed
  • #11,738
  • Aug 20, 2007 8:47am Aug 20, 2007 8:47am
Just shorted again from 228.. let's see where this goes

Edit - Out for 70 pips. Don't have the guts to hang on
  • #11,739
  • Aug 20, 2007 8:49am Aug 20, 2007 8:49am
The dow is falling curently @ -3.01. The Nasdaq and S&P are also down.
Humble Lifetime Member
  • #11,740
  • Aug 20, 2007 8:51am Aug 20, 2007 8:51am
Quoting auslanco
You will be amazed how many times all the time frames line up on the same direction on this pair everyweek
what do you mean with all the timeframes?
1M 5M 15M 30M 1H 4H 1D ?
5M 15M 30M 1H 4H ?

now that I have the indicators in MT4 I can analyze it. Maybe these indicators line up better than others... We will see
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