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

  • #25,841
  • Sep 13, 2007 1:53am Sep 13, 2007 1:53am
FT ARTICLE EXAMINES POSSIBLE MOVES AT THE NEXT FOMC
Article notes that Fed staff are continuing to work on other potential steps that could be taken to address liquidity at FOMC next week.
- The obvious step would be to cut the discount rate by more than federal funds. For instance, if the Fed cut Fed funds by 25bps, it could cut discount rate by 50 or even 75bps.
  • #25,842
  • Sep 13, 2007 1:58am Sep 13, 2007 1:58am
I slept off yesterday, but what are we looking out for now? is it a long ride on the GJ.
With Tiger All Pips Are PossiBle
  • #25,843
  • Sep 13, 2007 1:58am Sep 13, 2007 1:58am
Quoting winterwhite
Lincoln:

A close above or below key resistence and supports needs
confirmation by another candle. That is why most will
wait for the second candle/bar to close before entering
a trade. Yesterday's scenario of which you speak
often occurs. Most all of us have made the same
mistake.
yes thats true... I had to wait for H4 to close below it as well but jumped in early and suffering for it right now...

i would have closed that position but I still believe in the downtrend... we shall see...

this will be another good lesson for me.
give me my pips back...
  • #25,844
  • Sep 13, 2007 2:00am Sep 13, 2007 2:00am
Well, Frankfurt opened at 231.60, ran it up about 20 pips and ran it down about 20 pips, to form an almost perfect doji. Looks like it's gonna close right about where it opened an hour ago. Talk about indecision.

M2B
  • #25,845
  • Sep 13, 2007 2:01am Sep 13, 2007 2:01am
Quoting loladis4luv
I slept off yesterday, but what are we looking out for now? is it a long ride on the GJ.
waiting for a breakout to happen, no trade for now
Trade what you see, not what you think.
  • #25,846
  • Sep 13, 2007 2:10am Sep 13, 2007 2:10am
Quoting auslanco
FT ARTICLE EXAMINES POSSIBLE MOVES AT THE NEXT FOMC
Article notes that Fed staff are continuing to work on other potential steps that could be taken to address liquidity at FOMC next week.
- The obvious step would be to cut the discount rate by more than federal funds. For instance, if the Fed cut Fed funds by 25bps, it could cut discount rate by 50 or even 75bps.
Bernake is very conservative, 25bps. followed by 2 more cuts of 25 by year end.

Greenspan would have cut the rate 4 weeks ago.
  • #25,847
  • Sep 13, 2007 2:10am Sep 13, 2007 2:10am
Quoting karmostaji
waiting for a breakout to happen, no trade for now
thanks bro i simply use the gann low and TFT indicators i am kind of confused with all others indicators you guys set up. so for this mornin i simply wait for the Gann low 1H to crossover 50 mark and for a candle to form over the TFT. also for candle to form over 4H TFT and a bullish QQE before makin a long trade? This corect.
With Tiger All Pips Are PossiBle
  • #25,848
  • Sep 13, 2007 2:23am Sep 13, 2007 2:23am
Quoting my2buoys
Well, Frankfurt opened at 231.60, ran it up about 20 pips and ran it down about 20 pips, to form an almost perfect doji. Looks like it's gonna close right about where it opened an hour ago. Talk about indecision.

M2B
Very conservative. Now more of the same from London so far.
  • #25,849
  • Sep 13, 2007 2:32am Sep 13, 2007 2:32am
Remember Gap time guys. 0700-0730 GMT, moves I understand are normally false move to trap traders from the Big players.
  • #25,850
  • Sep 13, 2007 2:32am Sep 13, 2007 2:32am
This might explain the current spike.
Attached Image
  • #25,851
  • Sep 13, 2007 2:38am Sep 13, 2007 2:38am
horrible price action
Trade what you see, not what you think.
  • #25,852
  • Sep 13, 2007 2:39am Sep 13, 2007 2:39am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting loladis4luv
thanks bro i simply use the gann low and TFT indicators i am kind of confused with all others indicators you guys set up. so for this mornin i simply wait for the Gann low 1H to crossover 50 mark and for a candle to form over the TFT. also for candle to form over 4H TFT and a bullish QQE before makin a long trade? This corect.

hope this helps

Bearish set up
4h must be bearish but dose not need to cross or touch 50 line, candle must form below 4h gann hilo.
1h must retrace and touch or cross down over 50line in a bearish move

4h first then 1h

Attached File(s)
File Type: doc Auslanco.doc   407 KB | 424 downloads


Attached File(s)
File Type: doc Auslanco's 1m & 15m system.doc   440 KB | 511 downloads
  • #25,853
  • Sep 13, 2007 3:00am Sep 13, 2007 3:00am
http://www.forexfactory.com/attachme...1&d=1189668739

Thanks, this probably explains UJs reluctance to move far.....any idea what time it expires - we might get some movement afterwards
Trading Levels with WRBs
  • #25,854
  • Sep 13, 2007 3:03am Sep 13, 2007 3:03am
Quoting karmostaji
waiting for a breakout to happen, no trade for now
hi karmo
long is nt confirmed yet?
  • #25,855
  • Sep 13, 2007 3:05am Sep 13, 2007 3:05am
anyone short ?
  • #25,856
  • Sep 13, 2007 3:07am Sep 13, 2007 3:07am
i still am..

on another note, i did expect london to go up.. but i do expect it to come down harder some time later, which is why im holding on to shorts..

but i think its safe to wait for aus or karm's thoughts before doing anything..

will have to get hm to watch the charts on vt.


Quoting dddd
anyone short ?
  • #25,857
  • Sep 13, 2007 3:08am Sep 13, 2007 3:08am
Quoting danryman78
hi karmo
long is nt confirmed yet?
to me NO, i'll wait for this hourly candle to close and then decide
Trade what you see, not what you think.
  • #25,858
  • Sep 13, 2007 3:10am Sep 13, 2007 3:10am
Quoting intelmaster
i still am..

on another note, i did expect london to go up.. but i do expect it to come down harder some time later, which is why im holding on to shorts..

but i think its safe to wait for aus or karm's thoughts before doing anything..

will have to get hm to watch the charts on vt.
Why do you have to wait them? You have the QQEs Gann sma and momentum... If this candle's QQE on H1 closes as crossed up, go long that is all...
  • #25,859
  • Sep 13, 2007 3:10am Sep 13, 2007 3:10am
Won't we have a strategy trade soon? At 5sma
go go go
  • #25,860
  • Sep 13, 2007 3:12am Sep 13, 2007 3:12am
Quoting brok
Why do you have to wait them? You have the QQEs Gann sma and momentum... If this candle's QQE on H1 closes as crossed up, go long that is all...

yehh just waiting untill this mother retrace back to 4hr 5 sma to close my shorts and go long.
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