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

  • #21,741
  • Sep 5, 2007 8:35am Sep 5, 2007 8:35am
Quoting karmostaji
just touched 232.77, i think that was it for the retracement..
I don't know, my friend. The 1H and 4H momentum are still pretty strong bullish. I wouldn't rule out a full 4H 5SMA retrace.

M2B
  • #21,742
  • Sep 5, 2007 8:38am Sep 5, 2007 8:38am
Quoting my2buoys
I don't know, my friend. The 1H and 4H momentum is still pretty strong bullish. I wouldn't rule out a full 4H 5SMA retrace.

M2B


Shouldn't we also be waiting for 30min to cross down?
  • #21,743
  • Sep 5, 2007 8:39am Sep 5, 2007 8:39am
m2B is an explanation of how to read the momentum in any part of the forum.

Thks
  • #21,744
  • Sep 5, 2007 8:39am Sep 5, 2007 8:39am
Quoting my2buoys
I don't know, my friend. The 1H and 4H momentum is still pretty strong bullish. I wouldn't rule out a full 4H 5SMA retrace.

M2B
they will remain bullish until the next bar or unless price really goes down and then momentum starts moving slightly downwards
Trade what you see, not what you think.
  • #21,745
  • Sep 5, 2007 8:40am Sep 5, 2007 8:40am
I was afraid of that. No movement down with the dow opening movement, but of course it moves up with the dow opening rebound.

We obviously can't count on getting anything from premarket movement in the dow. The market accounts for that before the opening bell.

Now we need a big down movement below opening levels to push GJ down.
  • #21,746
  • Sep 5, 2007 8:41am Sep 5, 2007 8:41am
Quoting markam
I was afraid of that. No movement down with the dow opening movement, but of course it moves up with the dow opening rebound.

We obviously can't count on getting anything from premarket movement in the dow. The market accounts for that before the opening bell.

Now we need a big down movement below opening levels to push GJ down.
I think I'm going to give up trading the US market session - seriously unpredictable. I love the London sessions - works like clockwork.
  • #21,747
  • Sep 5, 2007 8:42am Sep 5, 2007 8:42am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting karmostaji
they will remain bullish until the next bar or unless price really goes down and then momentum starts moving slightly downwards
Hi Karmostaji
could you post the method by which you use the MOM and 5sma to your trading system page.

always trying to learn new things.

regards

MPP
  • #21,748
  • Sep 5, 2007 8:42am Sep 5, 2007 8:42am
Quoting Iceage
Seems not a good momentum.The daily one is much strong.

Yes I agree the pair should go down but may have a retrace to the H4 sma
  • #21,749
  • Sep 5, 2007 8:43am Sep 5, 2007 8:43am
Quoting dimmi
Shouldn't we also be waiting for 30min to cross down?
For short re-entry on Aus's system, yes. I was just speaking in general terms of how far back up this might retrace for the moment. Aus said in an earlier post, #21643, that after a 4H retracement you should wait for the 30M to cross back down on the QQE before going short again. Good observation.

M2B
  • #21,750
  • Sep 5, 2007 8:44am Sep 5, 2007 8:44am
Just do it as Nike says
Went short @242.62
  • #21,751
  • Sep 5, 2007 8:44am Sep 5, 2007 8:44am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting karmostaji
I don't care much about fundamentals, I trade based on what I see on my chart, look for the thread auslanco started 'weekly, daily analysis or something', I posted my view there and others did too
http://www.forexfactory.com/showthread.php?t=44180
  • #21,752
  • Sep 5, 2007 8:44am Sep 5, 2007 8:44am
Failed to break the 30 min. Gann line a second time.......
  • #21,753
  • Sep 5, 2007 8:45am Sep 5, 2007 8:45am
Quoting Guaica
m2B is an explanation of how to read the momentum in any part of the forum.

Thks
Yes. Posts #19511 and #19346. Your're welcome.

M2B
  • #21,754
  • Sep 5, 2007 8:47am Sep 5, 2007 8:47am
Quoting mktjong
Just do it as Nike says
Went short @242.62
Dude, who is your broker that allowed you to get that price? Or have you been holding since last month?

M2B
  • #21,755
  • Sep 5, 2007 8:49am Sep 5, 2007 8:49am
Hi M2B,

I think he meant 232.62

Quoting my2buoys
Dude, who is your broker that allowed you to get that price? Or have you been holding since last month?

M2B
  • #21,756
  • Sep 5, 2007 8:51am Sep 5, 2007 8:51am
Quoting my2buoys
Dude, who is your broker that allowed you to get that price? Or have you been holding since last month?

M2B
Oh yah .. yes.. it would be nice, wouldn't it?
It is @232.62. The price is abit stubborn currently. I may enter it a bit early http://www.forexfactory.com/images/icons/icon8.gif
  • #21,757
  • Sep 5, 2007 8:52am Sep 5, 2007 8:52am
This feels like deja vu all over again..
  • #21,758
  • Sep 5, 2007 8:53am Sep 5, 2007 8:53am
Quoting mktjong
Oh yah .. yes.. it would be nice, wouldn't it?
It is @232.62. The price is abit stubborn currently. I may enter it a bit early http://www.forexfactory.com/images/icons/icon8.gif

And the reason you took this trade? Depending on M30 Gann only?
  • #21,759
  • Sep 5, 2007 8:56am Sep 5, 2007 8:56am
Quoting mktjong
Oh yah .. yes.. it would be nice, wouldn't it?
It is @232.62. The price is abit stubborn currently. I may enter it a bit early http://www.forexfactory.com/images/icons/icon8.gif
Blimey. That's a brave decision. Rather you than me at this moment in time.
  • #21,760
  • Sep 5, 2007 8:59am Sep 5, 2007 8:59am
Quoting brok
And the reason you took this trade? Depending on M30 Gann only?
No, based on 30 Gann and pretty bearish US treasuries.
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