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

Yes, a 33 pip difference, I don't trust it yet.

I got my chart up. It was slow but eventually came up. Price matches also.

I have the demo version and has a lack of 10 hours data although at first sight looking at it seems like there is no gap...

Mine loads fine but the price is stuck at 233.43 and won't move. Oh well.

My charts show the new day forming on the top side of the tft with the strength indicator crossed.

I'm thinking that long is good.. but it looks like it is retracing back to the 4hr 5sma at 232.23

Any views? Any one else thinking long?

Maybe you should enter a short.

anyone know what the Nikkei futures are indicating?

Very funny, isn't it? it happens all the times in all disciplines when there are new people with new approach/discovery/outlook that are different and more innovative than the traditional ones and thus threaten the status quo.

I used to trade the few hours of early London session then few hours of London close overlapping with the US sessions. You are the first one introduce me to this kind of trend trading with watching GJ around the clock. I usually use only MAs, MACD, RSI, BB bands, CCI, pivot points. It is feasible to obtain 40-100 pips/session. The indicators are just for assessing the overal situation.

VT is good for automated trading too. Have you tried it?

I closed all at a loss of 5K. It's OK. I was too tired to fix and I might blow up my account if I made more mistakes. I should not continue trading the US session after a profitable London session. I was too tired, staying up all night, plus I was frustrated at the snagit 8 of the desktop...I usually use snagit 7 from my laptop. When one is tired, one gets cranky easily...Happy Trading to You and everyone. br

I can not stay up like you and Karmo. I get confused if I do not get enough sleep. Lesson learned: do not trade yoursef to exhaustion. It is no longer fun if one is exhausted.

Note that the time is London time.

According to bloomberg.com Nikkei futures are up 450.

ty Zoran

what timeframe is this formation on

might look for a buy at 232.43

Price is around 16,337. I don't follow it so I don't know how far up it is.

4hr

I don't know why today everybody obsessed about longing? Just looking at the Aus' strategy since the momentum shows downward and H1 being bearish and M15 about to cross down, I just call it a risky trade.

Play safe

it is very risky indeed.. until 1hr turn bullish

Auslanca , do you think the down movement is a retracement to the 4hr 5sma ?

http://www.forexfactory.com/attachme...1&d=1187905530
Based on the Bullish Candle, I can see a Bull fight for two frames, but if the 2nd Bull cannot break above the Bear Body, then your in for one nice move down.

And if I traded the move down right now, you would be okay on your longs. LOL

I would prefer seeing the Candle after that little bully

Now I could be wrong but I think the 4hr 5sma retro should be done.

Sure hope I am right so this thing can start the trek back up.

Well got to go to work... see ya all in 12 hours.