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

  • #27,741
  • Sep 17, 2007 7:14am Sep 17, 2007 7:14am
All the European equities seem in red today, US should follow them and g/jpy will follow down, so longs are advised caution and with US News coming out , need to wait and watch and enter
  • #27,742
  • Sep 17, 2007 7:18am Sep 17, 2007 7:18am
Quoting MPP
yeah his 4h finishes at different time so therefore i don't get the first indicator until 2 hrs later, which means my 1 h and 30 min are of key.

15min ok as it turns over quickly and the signals are only 15mins out.

you would think that it would work the same all over but the differnce makes a difference. it's only 2 hours, but it cost me pips.
well hasn't yet as no real money on it, jsut glad i found out early.

won't matter soon moving to be closer to my god Aus, LOL

heading to the sunshine coast, hope to be on the beach for Xmas. time issue sorted.LOL
The only TF's that will be affected by different platforms are the 4H on up. Nothing under 4H is affected at all. Don't make it more than it is or it'll drive you nuts. Just think logically. The top of the hour (no matter what hour it is) is the top of the hour. No way is the 1H chart going to be affected by a different time zone or platform.

M2B
  • #27,743
  • Sep 17, 2007 7:21am Sep 17, 2007 7:21am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting auslanco
It shouldnt make any difference at all.. Only trade what ever you can see on your own chart. I some times place trades on VT as well as MT4 which are on different Time zones. Even when I use the Momentum indicator...I use what ever I can see on either of my charts.
I do, it just put my pip count down compared to someone on a newyork closed system.

thats why i'm long on Gj and GU but only for a few more pips.

ALso long on AJ and AU.
  • #27,744
  • Sep 17, 2007 7:22am Sep 17, 2007 7:22am
Quoting imransait
All the European equities seem in red today, US should follow them and g/jpy will follow down, so longs are advised caution and with US News coming out , need to wait and watch and enter

Unfortunately I entered too soon.
  • #27,745
  • Sep 17, 2007 7:23am Sep 17, 2007 7:23am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting my2buoys
The only TF's that will be affected by different platforms are the 4H on up. Nothing under 4H is affected at all. Don't make it more than it is or it'll drive you nuts. Just think logically. The top of the hour (no matter what hour it is) is the top of the hour. No way is the 1H chart going to be affected by a different time zone or platform.

M2B
no but when Aus gets a signal and posts it I'm 2 hours behind and i won't trade based on what someone eles posts. hence 100pips gone before i enter.

minor details, 15 min works great still.

MPP
  • #27,746
  • Sep 17, 2007 7:23am Sep 17, 2007 7:23am
Quoting imransait
All the European equities seem in red today, US should follow them and g/jpy will follow down, so longs are advised caution and with US News coming out , need to wait and watch and enter
There's a strong 4hr 5 sma retracement due until 1300GMT. Unless US news comes out with a big surprice..this pair will be heading up to complete the retracements on 4hr and may be Daily. I guess the European equities will go for a small retracement too
  • #27,747
  • Sep 17, 2007 7:26am Sep 17, 2007 7:26am
bro--is your trade the news working?
  • #27,748
  • Sep 17, 2007 7:27am Sep 17, 2007 7:27am
Quoting Hakuna Matata
bro--is your trade the news working?

yepp..
  • #27,749
  • Sep 17, 2007 7:29am Sep 17, 2007 7:29am
Quoting auslanco
yepp..
post numebers if u can--ty
  • #27,750
  • Sep 17, 2007 7:30am Sep 17, 2007 7:30am
*sept Empire Manufacturing: 14.7v 18.0e
  • #27,751
  • Sep 17, 2007 7:32am Sep 17, 2007 7:32am
*(CA) JUL INTL SECURITIES TRANSACTIONS: C$1.5B V -C$1.50BE
- Prior revised from -C$4.521B to -C$4.33B
  • #27,752
  • Sep 17, 2007 7:37am Sep 17, 2007 7:37am
Hi Aus,

nobody answered my question yet. My entry is at 229.46, stop loss at 228.70.

What is your stop loss and why, thank you very much.

Bye

Eugen

Quoting auslanco
*(CA) JUL INTL SECURITIES TRANSACTIONS: C$1.5B V -C$1.50BE
- Prior revised from -C$4.521B to -C$4.33B
  • #27,753
  • Sep 17, 2007 7:40am Sep 17, 2007 7:40am
fundamentally the USD should go down, and raising JPY value... hmm nothing much happening after the news .....are they being cancelled out by the retracement
..
  • #27,754
  • Sep 17, 2007 7:40am Sep 17, 2007 7:40am
Quoting auslanco
There's a strong 4hr 5 sma retracement due until 1300GMT. Unless US news comes out with a big surprice..this pair will be heading up to complete the retracements on 4hr and may be Daily. I guess the European equities will go for a small retracement too
No reaction, of any consequences, to the negative US news. Guess
the retracement will resume in the next hour.
  • #27,755
  • Sep 17, 2007 7:41am Sep 17, 2007 7:41am
Quoting eugen3000
Hi Aus,

nobody answered my question yet. My entry is at 229.46, stop loss at 228.70.

What is your stop loss and why, thank you very much.

Bye

Eugen
I'm long from 229.18 and my SL is 228.68 below the Daily Pivot support1.
  • #27,756
  • Sep 17, 2007 7:41am Sep 17, 2007 7:41am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting eugen3000
Hi Aus,

nobody answered my question yet. My entry is at 229.46, stop loss at 228.70.

What is your stop loss and why, thank you very much.

Bye

Eugen

15 min strat
Stop Loss:
60 pips (trailing – settings?)

Take profit:
100 pips


4h strat
Stop Loss:
Approx: 100 pips from the 1hr, 50line crossover price.

Take profit:
If Daily+4Hr+1Hr strength Indicators pointing at the same direction=TP target of 300 pips
If only 4hr+1hr strength Indicators pointing to the same direction= TP200 pips target


because Aus said so LOL. it seem to work, only if you think there's more to be had i would move SL to lock in pips and let it ride. just my view
  • #27,757
  • Sep 17, 2007 7:41am Sep 17, 2007 7:41am
Do you still believe retracement is due or it will head down as news is not positive?
  • #27,758
  • Sep 17, 2007 7:43am Sep 17, 2007 7:43am
Quoting winterwhite
No reaction, of any consequences, to the negative US news. Guess
the retracement will resume in the next hour.
yess.. it will resume..However I'd like to see the direction of the new 4hr momentum in 20 mins.
  • #27,759
  • Sep 17, 2007 7:44am Sep 17, 2007 7:44am
here is a nice clock in this site set at system tray show you the time in all citys you add to it ( gmt-london-NY... what ever you add)
http://www.engnetglobal.com//tips/engclocks/default.asp
If you count on hope in any trade ……. Get out of it
  • #27,760
  • Sep 17, 2007 7:47am Sep 17, 2007 7:47am
Quoting MPP
15 min strat
Stop Loss:
60 pips (trailing – settings?)

Take profit:
100 pips


4h strat
Stop Loss:
Approx: 100 pips from the 1hr, 50line crossover price.

 Take profit:
If Daily+4Hr+1Hr strength Indicators pointing at the same direction=TP target of 300 pips
If only 4hr+1hr strength Indicators pointing to the same direction= TP200 pips target


because Aus said so LOL. it seem to work, only if you think there's more to be had i would move SL to lock in pips and let it ride. just my view

It sure works most of the time.. Today during the Asian..I had a drawdown of 81 pips and the price turned around to achieve the 200pip profit target.
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