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

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

#15,641
Aug 26, 2007 5:00pm Aug 26, 2007 5:00pm

new_trader
| Joined Aug 2007 | Status: Trader | 51 Posts

You may take a look at #YMU7 which I mentioned earlier, its open 20h a day. main advantage - smooth lonf term trend change

#15,642
Aug 26, 2007 5:00pm Aug 26, 2007 5:00pm

LEXngton
| Joined Nov 2006 | Status: Trader | 194 Posts

QQE on MT4 and VT still are'nt the same, MT4 5min shows bullish while VT 5min still bearish... Think that VT shutdown of last week still effecting it???

#15,643
Aug 26, 2007 5:02pm Aug 26, 2007 5:02pm

doremi
| Joined Jun 2007 | Status: Good Listener | 231 Posts

Oops......my broker has just opened......added another 27pips....and I'm closing +117pips....luckier than you Auslanco....

#15,644
Aug 26, 2007 5:03pm Aug 26, 2007 5:03pm

kevinsw
| Joined Jan 2007 | Status: Almost a 3 yr rookie | 566 Posts

Well shoot, I have these long open since Friday and they have some locked in profit with a T/S (tight)

Hmmm Banks closed, low volitility (maybe) perhaps I should just let them run with the T/S?

#15,645
Aug 26, 2007 5:06pm Aug 26, 2007 5:06pm

auslanco
Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts

Quoting doremi

Disliked

Auslanco,

You're lucky you've got your 20 lots profits.....mine still waiting for my broker to open......I went long on Friday (hedging)....Now it's +99 pips I can close it....damn it.....hopefully by the time my broker opens up....the +99 pips is still standing...

Ignored

You will be safe... there's a 4hr 5sma retracement is due , down to 233.62. But I don't trust my indicator on Monday early morning since there are few bars missing from the gap.

#15,646
Aug 26, 2007 5:09pm Aug 26, 2007 5:09pm

turn1to100
| Commercial User | Joined Dec 2006 | 1,016 Posts

in what way does this effect which Currency pair??

Quoting Zoran

Disliked

So bears have good ears? Seriously, where did you hear that? It's not the amount that's interesting but the time. I believe there is a Gann Sq9 reversal on 6th Sept. Any Gann followers know anything about 21st Sept?
I suppose I'll have to check if no-one answers.

Also, S&P and FTSE closely follow but DOW seems to be a beast on its own. Some charts to compare attached.

Z

Ignored

#15,647
Aug 26, 2007 5:10pm Aug 26, 2007 5:10pm

auslanco
Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts

here's a simple and good trading strategy for newbies. Please try this on a demo account atleast for few months before you trade your live account.

Attached File(s)

FX10.pdf 81 KB | 737 downloads

#15,648
Aug 26, 2007 5:10pm Aug 26, 2007 5:10pm

markam
Joined Nov 2006 | Status: Trader | 3,112 Posts

Quoting Zoran

Disliked

And the DOW

Ignored

remember the dow is only 30 companies. I believe the dow is kept as an important indicator because it is possible to manipulate the dow price and thereby drive the entire market. It is a lot easier to buy 30 stocks than 500 stocks.

#15,649
Aug 26, 2007 5:12pm Aug 26, 2007 5:12pm

Kane Rai
| Joined Oct 2006 | Status: Trader | 103 Posts

markam - for your breakfast tomorrow!

Attached Image

#15,650
Aug 26, 2007 5:19pm Aug 26, 2007 5:19pm

auslanco
Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts

TTN

(REPEAT FROM SATURDAY) BARRONS INTERVIEWS BOB OLSTEIN, MANAGER, OLSTEIN ALL CAP VALUE FUND: DON'T STAY ON THE SIDELINES
- Olstein says there is good value out there, and he is not staying on the sidelines amid market volatility: "What's happened is there was a period when all the good stocks went down and all the bad stocks went up. All these market-neutral funds are n the same investments. They had to reverse their short sales, which were correct intellectually. But if you are all short the same stock and the bank calls in your loan, you've got to cover. Then you've got to sell your longs, so everybody is in the same boat."

#15,651
Aug 26, 2007 5:20pm Aug 26, 2007 5:20pm

mktjong
| Joined Nov 2006 | Status: Trader | 5,040 Posts

Aus, I probably would go Short once the 15 min SI indicator cross downward, since momentum is pretty flat.
Would you go for it as well?

#15,652
Aug 26, 2007 5:24pm Aug 26, 2007 5:24pm

turn1to100
| Commercial User | Joined Dec 2006 | 1,016 Posts

GBPUSD/The pair has now broken above the previous daily consolidation highs at 1.9935 opening a necessary and healthy correction to reach the 2.0130-80 (Fib confluence, 20/50-Day SMAs, falling t-l resistance) area from where a fresh lower top is now sought ahead of an anticipated resumption of the broader down-leg off of the yearly highs.

#15,653
Aug 26, 2007 5:25pm Aug 26, 2007 5:25pm

turn1to100
| Commercial User | Joined Dec 2006 | 1,016 Posts

Strategy:[email protected] Daily studies are bullish and retracement may still target a full 61.8% to 239.00. Market stalling at 234.65 with 235.15 behind. Buy dips whilst above 231.5

#15,654
Aug 26, 2007 5:26pm Aug 26, 2007 5:26pm

auslanco
Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts

Quoting mktjong

Disliked

Aus, I probably would go Short once the 15 min SI indicator cross downward, since momentum is pretty flat.
Would you go for it as well?

Ignored

Momentum on which TF?

#15,655
Aug 26, 2007 5:31pm Aug 26, 2007 5:31pm

brok
| Joined Aug 2006 | Status: Trader | 414 Posts

Quoting mktjong

Disliked

Aus, I probably would go Short once the 15 min SI indicator cross downward, since momentum is pretty flat.
Would you go for it as well?

Ignored

May I ask why? I mean if you are following Aus indicators you will notice that they are all bullish in the higher time frames. It would be a good prediction or tossing a coin unless you are considering the fundamental datas or have decided to go short by another strategy you are allready using.

#15,656
Aug 26, 2007 5:33pm Aug 26, 2007 5:33pm

kevinsw
| Joined Jan 2007 | Status: Almost a 3 yr rookie | 566 Posts

Ummm... I gotta like it when the retrace goes my way?..

+55 E/J
+103 G/J

Will now open up my T/S a bit so it can run.

so far... I won't get them all but most are locked in profit. Nice start for the week.