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

Quoting PipChick

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I know you all hate me but I have been long since 229.64 because 229.47 was the 78.6 % fib which indicates a trend reversal. So if you buy at that very very important fib level and put your stop loss just below it your risk is very minimal with a potential of 200 pip gain.. There was also a sloping trendline at the 78.6 and the cci was turning up to indicate the downward move was over. Also the hourly chart formed a swing lo indicating a reversal as did the 4 hour chart in order to keep me in the trade.

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Quoting lilmoe

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oh shut up!!!! no one hates you! :
by the way, this move up was predicted
i scalped a long from the very bottom, made 100 pips
and now i'm ready for a nice short all the way down again, and down further

you've been lots of help, however, i wanted to say this before but the atmosphere was quite awful. i have been going the opposite of aus and karmo before but we never got into an argument, sometimes i was right, sometimes i was wrong. so i'm sure there's always a way to express your thoughts without having to get into sensless arguments. don't u think?

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Quoting Pipsy

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I don't know how this is helpful now...almost coming in just to gloat then say you're off to bed. All I remember last night was multiple pages of your opinion about DOW and GJ but no mention that you were going to take this long at the fib, no chart no analysis.

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Quoting PipChick

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I will explain the chart if you would like.

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Quoting PipChick

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I know you all hate me but I have been long since 229.64 because 229.47 was the 78.6 % fib which indicates a trend reversal. So if you buy at that very very important fib level and put your stop loss just below it your risk is very minimal with a potential of 200 pip gain.. There was also a sloping trendline at the 78.6 and the cci was turning up to indicate the downward move was over. Also the hourly chart formed a swing lo indicating a reversal as did the 4 hour chart in order to keep me in the trade.

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Quoting PipChick

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I will explain the chart if you would like.

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Quoting PipChick

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Thats because everyone was very busy ripping my face off and thought I better not say another word. But if you want to learn, I will teach you. It DOES not contradict ANYTHING that aus teaches, it only inhances it.SO hopefully he wont boot meout for teaching something different. This is not a system at all it is chart reading.

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Quoting PipChick

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I definately do agree lilmoe. I simply made a statement about the dow and that offended Aus. But forget that. We have work to do.

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Quoting PipChick

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I will explain the chart if you would like.

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Quoting kevinsw

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Pipchick,

Now on to bigger fish, I am having fits with the "Ferru_Fx" indicators that I could use some help with. I can not get either one to load in the chart window itself, they both load in a separate window which leaves very little room for my chart. Is there a way to mold both into one window to save room?

Thanks
Kevin

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Quoting PipChick

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I will explain the chart if you would like.

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Quoting kevinsw

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Pipchick,

I agree, nobody hates you that I see, there was just a disagreement that happened. I also agree that it would be a good thing if you were to post why you made the trade the direction that you did so dummies like me can figure out what you are doing. You see it by looking at all the various trading methods that we learn. When we learn we become better traders by incorporating things together in a way that works for our own method.

I am trying out several indicators to see how they work for me so your input can only help.

Now on to bigger fish, I am having fits with the "Ferru_Fx" indicators that I could use some help with. I can not get either one to load in the chart window itself, they both load in a separate window which leaves very little room for my chart. Is there a way to mold both into one window to save room?

Thanks
Kevin

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Quoting graeme_ie

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PipChick

For whats its worth I value your comments and insights into the market. And yes could you explain what your thinking regarding the chart you have just uploaded..


Thanks

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Quoting my2buoys

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Could somebody whose MT4 platform 4H chart just closed at 0100 GMT tell the rest of us what the new 4H momentum looks like? A posted chart would even be more helpful. Thanks.

M2B

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Quoting PipChick

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So looking at the 1 hr chart...the 1 hr chart has just formed a swing hi just as it formed a swing lo earlier today....Ijust fibbed the todays fall and if you fib that you will see the the swing hi usually falls between the 78.6 and the 61.8 fib. In most instances....it will retrace to the 38.2 to the 50% retrace of the move from the swing lo from earlier today to the current swing hi.When that happens and you can tell that the candle is going to bounce off one of those levels, its time to buy.And a lot of the times your 50 ema will be around that area to confirm the buy. So that is plan A. Plan B would be as follows...if the price decides to breach the swing hi and open above the 200 ema it is a no brainer that it will most likely travel at least 100 pips.This is not a system, this is just chart reading. There are lots of variable a trader needs to take into consideration such as news because will can change the whole direction of the trend.This is the way I trade in order to use SMALL stop loss so I can keep my losses small because we ALL take losse and fill them pockets wil lots of pips. This is only the beginning to learn how to read charts. It is NOT a system.

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Quoting dracozny

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best option I have for you is a second chart window, on a side note, I do not use the ferux indicators due to the heavy resource consumption.

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