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

  • #20,941
  • Sep 4, 2007 3:40am Sep 4, 2007 3:40am
Quoting intelmaster
1h 5sma is still far up on my chart..

am i missing something?
Currently 57 pips away - not far for this beast.
  • #20,942
  • Sep 4, 2007 3:41am Sep 4, 2007 3:41am
Quoting Azili
How do you determine which retracement to take...sometimes you will say this will be a 1-hour 5sma retracement or this will be a 4-hour 5sma retracement? I understand everything else, but when to take a 1 or 4 hour retracement?
Looking at the momentum indicator
Trade what you see, not what you think.
  • #20,943
  • Sep 4, 2007 3:42am Sep 4, 2007 3:42am
next stop 233.25
  • #20,944
  • Sep 4, 2007 3:42am Sep 4, 2007 3:42am
Quoting karmostaji
I think we have some new whiners in the house, how's the competition auslanco?

Karmo

I would appreciate when you have some time if you can post a 4hr and 1hr graph so I can see the fib levels. They do help me a great deal in my trading as to give me a guide as to significant support and resistance. I am still unable to get my graphs accurate. Thanks. sw.
The Will is Greater than the Skill
  • #20,945
  • Sep 4, 2007 3:43am Sep 4, 2007 3:43am
Quoting karmostaji
I think we have some new whiners in the house, how's the competition auslanco?

We only got one contestant so far
1).waf_1988


Entries are open. Please nominate your favorite whiner .

The winner will receive a good spank from Markam
  • #20,946
  • Sep 4, 2007 3:47am Sep 4, 2007 3:47am
Quoting karmostaji
Looking at the momentum indicator
So, if the MOM is pointing up on the 1-hour chart then take that chart?

I think I know what you are saying.
  • #20,947
  • Sep 4, 2007 3:47am Sep 4, 2007 3:47am
Quoting skillwill
Karmo

I would appreciate when you have some time if you can post a 4hr and 1hr graph so I can see the fib levels. They do help me a great deal in my trading as to give me a guide as to significant support and resistance. I am still unable to get my graphs accurate. Thanks. sw.
sure..

http://img210.imageshack.us/img210/6044/gjfk3.gif


http://img300.imageshack.us/img300/2475/gjxj1.gif
Trade what you see, not what you think.
  • #20,948
  • Sep 4, 2007 3:48am Sep 4, 2007 3:48am
Quoting Azili
So, if the MOM is pointing up on the 1-hour chart then take that chart?

I think I know what you are saying.
yes but you must look at the MOM at the beginning of the candle
Trade what you see, not what you think.
  • #20,949
  • Sep 4, 2007 3:49am Sep 4, 2007 3:49am
Quoting Azili
How do you determine which retracement to take...sometimes you will say this will be a 1-hour 5sma retracement or this will be a 4-hour 5sma retracement? I understand everything else, but when to take a 1 or 4 hour retracement?
It's by using the momentum indicator. If the moemtum indicator shows a sharp bent towards the opposite side of the trending direction at the start of the bar then you know that particular TF got a retracement due.
  • #20,950
  • Sep 4, 2007 3:49am Sep 4, 2007 3:49am
Thank you for the charts Karmo. Greatly appreciated.
The Will is Greater than the Skill
  • #20,951
  • Sep 4, 2007 3:51am Sep 4, 2007 3:51am
Quoting auslanco
We only got one contestant so far
1).waf_1988


Entries are open. Please nominate your favorite whiner .

The winner will receive a good spank from Markam
It will be like voting in the upcoming US presidential elections, I hope nobody wins.
  • #20,952
  • Sep 4, 2007 3:52am Sep 4, 2007 3:52am
Quoting auslanco
We only got one contestant so far
1).waf_1988


Entries are open. Please nominate your favorite whiner .

The winner will receive a good spank from Markam
Aus man that is so right, these guys hack me off big time and its not even my system! If people took the time to read and learn instead of looking for shortcuts we could half the number of posts overnight.

Lesson - READ, LEARN, EXECUTE, LEARN, REPEAT !!!!

  • #20,953
  • Sep 4, 2007 3:53am Sep 4, 2007 3:53am
Quoting auslanco
It's by using the momentum indicator. If the moemtum indicator shows a sharp bent towards the opposite side of the trending direction at the start of the bar then you know that particular TF got a retracement due.
I say a little chance for the QQE to cross-over in 15min TF... Just about 9min, the 1H candle will be completed, still no sign of bull-reversal-OK... Highest reached @ 233...

Aus, Preparing to go short, I presume?
Hello World
  • #20,954
  • Sep 4, 2007 3:54am Sep 4, 2007 3:54am
Quoting karmostaji
sure..

http://img210.imageshack.us/img210/6044/gjfk3.gif


http://img300.imageshack.us/img300/2475/gjxj1.gif
You are missing the upward move form 227.38 to 235.48 which the price has just bounced its 38.2 level
  • #20,955
  • Sep 4, 2007 3:55am Sep 4, 2007 3:55am
Current 1hr retracement
Attached Image
  • #20,956
  • Sep 4, 2007 3:55am Sep 4, 2007 3:55am
Freaking awesome guys I got it

Its time to get my pip on
  • #20,957
  • Sep 4, 2007 3:57am Sep 4, 2007 3:57am
Quoting Majd
You are missing the upward move form 227.38 to 235.48 which the price has just bounced its 38.2 level
I'm not missing anything, i'll leave that fib for you guys
Trade what you see, not what you think.
  • #20,958
  • Sep 4, 2007 3:58am Sep 4, 2007 3:58am
Quoting waf_1988
I say a little chance
I go short only when the price touch 1hr 5 SMA
  • #20,959
  • Sep 4, 2007 3:58am Sep 4, 2007 3:58am
Quoting Mysticdiver
Hi,
Read your statement.
Where did you go wrong, analysis, or psychology?
More importantly, what are you going to do about it?

If you notice, I went bad all in one or two days. Honestly, I was on the road traveling for business, getting little to no sleep and in a different timezone. I am very strict about my MM rules, so I would have to say I psycologically fell apart on the worst possible week to do so on the GJ.

I have corrected this error by only opening trades AFTER I use my MM calculator and had time to think about the trade. In the last 3-4 weeks on Demo I am up about 30ish%. Bonus time comes this month, and I plan on placing more money into my live account, so my statement will update again.

Learned a lesson, and will not make that mistake again.
Que
  • #20,960
  • Sep 4, 2007 3:58am Sep 4, 2007 3:58am
Quoting karmostaji
I'm not missing anything, i'll leave that fib for you guys
mmm, so you don't think it is a strong one
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