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

  • #24,081
  • Sep 10, 2007 9:03am Sep 10, 2007 9:03am
Quoting moneymagnet
small lots Tight SL
out
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #24,082
  • Sep 10, 2007 9:03am Sep 10, 2007 9:03am
Quoting Hakuna Matata
just wanted to see the 1/2 hr candle close

to me--i dont see this goin anywhere higher

more likely drop will cont

beraish pattern--1/2 hr

4hr 100sma holding tight

wont be surprised if i wake up tomoro and this thing has fallen 100-200 pips

eneways--zzzzzzz time
trade safe

ps--closed below 50ema--1hr--another bearish sign

pps- short 230.77 (1 microlot for dream sleep--lol)--t/p 100 pips s/l 60pips
  • #24,083
  • Sep 10, 2007 9:04am Sep 10, 2007 9:04am
Quoting Zoran
238 as long as 227 holds. If it breaks then 235 is the high before retesting the low (at 219). My target is 221 before heading back north.

I think explaining things in words is easier for most. I have a suspicion that some people have difficulties reading charts.
I disagree. I think people need to learn how to read charts if they don't know already. Taking someone's word for how far price might go one way or another is very dangerous when you're talking about real money. Besides, after reading what you have said they're going to want to look at their own charts to see what you're talking about before they enter a trade, if they have any sense at all.

M2B
  • #24,084
  • Sep 10, 2007 9:05am Sep 10, 2007 9:05am
Quoting my2buoys
I see down for the moment, at least a temporary drawdown. Pin bar on the 30M at the top of a run up is especially bearish. Negative inverted divergence on the 30M and warning of a down move. 1H retrace was just completed but 4H is due, though a new candle won't begin until 1600GMT. As Aus said earlier, this is flip the coin territory. It should go up some more eventually but it could retrace a number of pips first. Better to wait.

M2B
Read my post again, carefully
  • #24,085
  • Sep 10, 2007 9:06am Sep 10, 2007 9:06am
Quoting my2buoys
Here's a 30M chart. Black lines show the negative inverted divergence which is bearish. 4H 5SMA is around 230.

M2B

Good call, we may see a slight downward. Due to profit taking in stocks i guess. It's pretty normal in the first hour .. it should take off later ..hehe
  • #24,086
  • Sep 10, 2007 9:13am Sep 10, 2007 9:13am
Quoting my2buoys
You just have to learn to skim over the riff raff. Uh oh. Better be careful. Last time I used that term I got hammered by Markam. Seriously though, even newbies have to learn how to post eventually. Everybody has to go through their first post at some point in time. Just look for the avatars of those you trust in, read their posts, and leave the rest alone. That's what I do.

M2B
About a month ago, you made a great divergence call. Since then, I always read your posts.

(hmm . . . whats this brown stuff on my nose?)
  • #24,087
  • Sep 10, 2007 9:16am Sep 10, 2007 9:16am
Quoting my2buoys
I disagree. I think people need to learn how to read charts if they don't know already. Taking someone's word for how far price might go one way or another is very dangerous when you're talking about real money. Besides, after reading what you have said they're going to want to look at their own charts to see what you're talking about before they enter a trade, if they have any sense at all.

M2B
The problem is that this is a high maintenance thread (lots of newbies). I think that my charts should be fairly simple to read but the sort of comments I get from people makes me have doubts. I then feel obliged to defend and explain them whereas normally they should just speak for themselves.

Z
  • #24,088
  • Sep 10, 2007 9:18am Sep 10, 2007 9:18am
Now , GJ should resume his downtrend
It hits the kumo cloud at 231.46 as expected, bounced off it to continue his fall.
Let's hope so
COT: The precious data ignored
  • #24,089
  • Sep 10, 2007 9:21am Sep 10, 2007 9:21am
Quoting Zoran
The problem is that this is a high maintenance thread (lots of newbies). I think that my charts should be fairly simple to read but the sort of comments I get from people makes me have doubts. I then feel obliged to defend and explain them whereas normally they should just speak for themselves.

Z
There will always be newbies who don't know how to read your charts no matter how much explaining you try to do. They just need to go to a website or buy a book and learn how to read charts. That's not your fault. People should not be trading if they can't read charts. If you post a chart, people can look at it and then ask questions referencing the chart if there is something they don't understand. Visual beats hearing/reading. Keep posting. Ignore the dumb questions. There are people gaining valuable informaton from your posted charts.

M2B
  • #24,090
  • Sep 10, 2007 9:25am Sep 10, 2007 9:25am
Quoting my2buoys
There will always be newbies who don't know how to read your charts no matter how much explaining you try to do. They just need to go to a website or buy a book and learn how to read charts. That's not your fault. People should not be trading if they can't read charts. If you post a chart, people can look at it and then ask questions referencing the chart if there is something they don't understand. Visual beats hearing/reading. Keep posting. Ignore the dumb questions. There are people gaining valuable informaton from your posted charts.

M2B

I definetely agree... Last day one of them asked what sma 5 meant and how to use.... No offence for anyone but just have a look at the pic....
Attached Image
  • #24,091
  • Sep 10, 2007 9:28am Sep 10, 2007 9:28am
Quoting brok
I definetely agree... Last day one of them asked what sma 5 meant and how to use.... No offence for anyone but just have a look at the pic....
Hey, they might just be figuring that they're paying a lot of money for their monthly workouts inside the gym and they don't want to waste any sweat on the outside. Great Pic!

M2B
  • #24,092
  • Sep 10, 2007 9:33am Sep 10, 2007 9:33am
4H 5SMA almost lines up perfectly with the 23.6 4H Fib around 229.90.

M2B
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  • #24,093
  • Sep 10, 2007 9:36am Sep 10, 2007 9:36am
Quoting brok
I definetely agree... Last day one of them asked what sma 5 meant and how to use.... No offence for anyone but just have a look at the pic....
Once upon a time you all were newbies and i'm sure plenty questions were asked, so ease up a bit gentlemen. i understand the frustration of simple and repetative questions asked, but as m2b sugested ignore answering them. i'm sure another newbie will love to show that they learned something and help out or if they don't get a answer, they will have to resort to do further investigation.
  • #24,094
  • Sep 10, 2007 9:37am Sep 10, 2007 9:37am
maybe a stupid question, but something im curious about (as i like to know WHY I'm doing something rather than just blindly doing it):

regarding the 15min strategy, I've set the QQE to place a dot only when it crosses up or down, this I understand, BUT what exactly does the arrow symbolize when it appears?
  • #24,095
  • Sep 10, 2007 9:38am Sep 10, 2007 9:38am
Quoting bill77
Once upon a time you all were newbies and i'm sure plenty questions were asked, so ease up a bit gentlemen. i understand the frustration of simple and repetative questions asked, but as m2b sugested ignore answering them. i'm sure another newbie will love to show that they learned something and help out or if they don't get a answer, they will have to resort to do further investigation.
Well said, Bill.
  • #24,096
  • Sep 10, 2007 9:38am Sep 10, 2007 9:38am
15 min strategy.. short signal coming up
  • #24,097
  • Sep 10, 2007 9:39am Sep 10, 2007 9:39am
Dow going negative...
  • #24,098
  • Sep 10, 2007 9:40am Sep 10, 2007 9:40am
m30 about to cross downwards, i guess it's a strategy call guys
  • #24,099
  • Sep 10, 2007 9:41am Sep 10, 2007 9:41am
Quoting bill77
Once upon a time you all were newbies and i'm sure plenty questions were asked, so ease up a bit gentlemen. i understand the frustration of simple and repetative questions asked, but as m2b sugested ignore answering them. i'm sure another newbie will love to show that they learned something and help out or if they don't get a answer, they will have to resort to do further investigation.

I agree with you too.. But one has to know at least the basics otherwise this thread won't give anything to him. That is for their benefit. I am ready to answer all the questions, charts, scalp strategy , main strategy but as I said a bit reading will help before having dinner with the wolves sitting on the table
  • #24,100
  • Sep 10, 2007 9:47am Sep 10, 2007 9:47am
4H 5SMA has been hit, for the most part (a couple pips in GBP/JPY is considered a hit). Watch the 1H for further direction. There are no more 5SMA's to retrace to underneath. The only line left untouched underneath is the 1H Gann (TFT) line. If the 1H QQE crosses and the TFT confirms with a candle close beneath then we have returned to the down trend. RESPECT THE 1H CHART QQE. IT WILL BURN YOU IF YOU DON'T. I speak from personal losing experience.

M2B

PS- Before I could even post this the 1H TFT has turned up thrusting price below it at least temporarily. We need a close below it and a QQE cross down to short with confidence.
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