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

  • #22,781
  • Sep 7, 2007 4:09am Sep 7, 2007 4:09am
Quoting Pipsy
Wow...I don't know how you guys do it but if I try and remember every formation, there's going to be TV show about "The Girl Whose Head Exploded"!
Educating oneself in trading is never ending. Just remember that those candle (bar) patterns; be it trend reversals, trend continuation, etc. carrying more weight or are stronger indications on higher time frames. The higher the time frame the more validity those candle patterns behave.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #22,782
  • Sep 7, 2007 4:13am Sep 7, 2007 4:13am
nxt significant R at 232.85ish
  • #22,783
  • Sep 7, 2007 4:18am Sep 7, 2007 4:18am
My 4H, price bounced off the weekly fib and also TL

http://img405.imageshack.us/img405/2631/gjlf6.gif
Trade what you see, not what you think.
  • #22,784
  • Sep 7, 2007 4:18am Sep 7, 2007 4:18am
Quoting Pipsy
I'll try Majd...But for now I've bookmark that page for quick reference. My memory's really bad! I really admire those of you who can tell just from one look!
For a very valuable education on price action, you should (or should I say "must") go through the James16 Chart Thread. You'll get an education on price patterns and trading in general.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #22,785
  • Sep 7, 2007 4:21am Sep 7, 2007 4:21am
Quoting jarroo
For a very valuable education on price action, you should (or should I say "must") go through the James16 Chart Thread. You'll get an education on price patterns and trading in general.

Jim
Got it Jim! Will do that. Thanks!
  • #22,786
  • Sep 7, 2007 4:23am Sep 7, 2007 4:23am
Price bounced off the 50EMA (15m chart), will it break it or will we go back down to 232.20 area again.. hmm range mode at the moment
Trade what you see, not what you think.
  • #22,787
  • Sep 7, 2007 4:25am Sep 7, 2007 4:25am
Quoting karmostaji
Price bounced off the 50EMA (15m chart), will it break it or will we go back down to 232.20 area again.. hmm range mode at the moment

already short from there and banked 20 pips
  • #22,788
  • Sep 7, 2007 4:27am Sep 7, 2007 4:27am
chk 50ema on 15min
lesson in 15min--whne trend is down and we eventually have a close below 50ema on 15min--it wll retrace at some point back to 50ema and cont its journey OR atleast give u a nice scalp trade

ill elaborate more on this later
  • #22,789
  • Sep 7, 2007 4:30am Sep 7, 2007 4:30am
Quoting Hakuna Matata
chk 50ema on 15min
lesson in 15min--whne trend is down and we eventually have a close below 50ema on 15min--it wll retrace at some point back to 50ema and cont its journey OR atleast give u a nice scalp trade

ill elaborate more on this later
every newbie should be able to figure that out by looking at his chart

I've been enjoying scalping lately, thanks buddy

We learn something new everyday
Trade what you see, not what you think.
  • #22,790
  • Sep 7, 2007 4:39am Sep 7, 2007 4:39am
Quoting karmostaji
every newbie should be able to figure that out by looking at his chart

I've been enjoying scalping lately, thanks buddy

We learn something new everyday

great forum/great thread/great traders-- we all learn from each other

ure welcome bro
  • #22,791
  • Sep 7, 2007 4:56am Sep 7, 2007 4:56am
in aus 15 min scalp strategy what are the values u have to put in the mt4 indicator of mt4--levelstop-reverse-vBO-3? anyone? --just want to confirm my settings
  • #22,792
  • Sep 7, 2007 4:58am Sep 7, 2007 4:58am
There is a really beatiful pin bar on the chart.
I'm in.
Money for nothin' and pips for free!
  • #22,793
  • Sep 7, 2007 5:06am Sep 7, 2007 5:06am
I got in, TP 233.30
Trade what you see, not what you think.
  • #22,794
  • Sep 7, 2007 5:10am Sep 7, 2007 5:10am
Quoting Hakuna Matata
nxt significant R at 232.85ish

id be careful of longs
we have just bounced off that R i mentined above--which is basically a confluence of 4hr 5sma and 50ema 4hr + we have almost retraced 50% of that hrly move down + 50ema on 1hr is at conflence with this 50% fib at 232.95

so basically a lotta R around this region
  • #22,795
  • Sep 7, 2007 5:11am Sep 7, 2007 5:11am
Quoting Hakuna Matata
in aus 15 min scalp strategy what are the values u have to put in the mt4 indicator of mt4--levelstop-reverse-vBO-3? anyone? --just want to confirm my settings
On VT Level Stp Reverse is :

ATR Periods 9
ATR Multiplier 3

I Think it is the same for MT4. Someone please confirm. sw
The Will is Greater than the Skill
  • #22,796
  • Sep 7, 2007 5:12am Sep 7, 2007 5:12am
a scalp short here could have worked again--im not in any postions-- ill just wait till nfp fireworks
  • #22,797
  • Sep 7, 2007 5:12am Sep 7, 2007 5:12am
Quoting Hakuna Matata
id be careful of longs
we have just bounced off that R i mentined above--which is basically a confluence of 4hr 5sma and 50ema 4hr + we have almost retraced 50% of that hrly move down + 50ema on 1hr is at conflence with this 50% fib at 232.95

so basically a lotta R around this region
plus both 50ema and 100sma are there on 30m
Trade what you see, not what you think.
  • #22,798
  • Sep 7, 2007 5:19am Sep 7, 2007 5:19am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Hakuna Matata
in aus 15 min scalp strategy what are the values u have to put in the mt4 indicator of mt4--levelstop-reverse-vBO-3? anyone? --just want to confirm my settings
Hi check the 15m thread, just posted my first pickings doc, has all the settings for the atr etc.

also i need someone to view my last post there about dots.

regards

MPP
  • #22,799
  • Sep 7, 2007 5:20am Sep 7, 2007 5:20am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting MPP
Hi check the 15m thread, just posted my first pickings doc, has all the settings for the atr etc.

also i need someone to view my last post there about dots.

regards

MPP
For Auslanco's 15M strategy posted at the beginning of this thread, use the following settings:
UseATRMode = true
ATRPeriod = 9
ATRMultiplier = 3.0
ATRSmoothing = 0

For the default VT-LevelStop-Reverse behavior, set the following:
UseATRMode = true
ATRPeriod = 14
ATRMultiplier = 2.824
ATRSmoothing = 14
  • #22,800
  • Sep 7, 2007 5:30am Sep 7, 2007 5:30am
this resistance at 232.85 will be broken within this hour
Trade what you see, not what you think.
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