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

  • #37,741
  • Oct 8, 2007 8:49am Oct 8, 2007 8:49am
Quoting Zoran
Still in mine. I will close my lower entries if we exceed the high though. My EJ short is just about to come back into profit again.
Hey Zoran, what do you think about the 4H/D UJ butterly pattern?
Trade what you see, not what you think.
  • #37,742
  • Oct 8, 2007 8:50am Oct 8, 2007 8:50am
There are some clear reversal patterns on lower timeframes so not a lot of weight for now but lets wait and see.
  • #37,743
  • Oct 8, 2007 8:51am Oct 8, 2007 8:51am
can anyone help me with the ny pivot level?
  • #37,744
  • Oct 8, 2007 8:52am Oct 8, 2007 8:52am
IMO price wants to get to the 238.89 area and if it can break the Fibs and the 50ema it will try to reach 238.35 area the 1hr 50ema
  • #37,745
  • Oct 8, 2007 8:56am Oct 8, 2007 8:56am
Quoting Zoran
There are some clear reversal patterns on lower timeframes so not a lot of weight for now but lets wait and see.
Zoran, thank you for input.
I have been reading your posts for few weeks now.

I see those patterns. It should reverse on higher TF soon too.
Also, I see H/S pattern @ that level, too.
I got into short on 239.54, as I said earlier.

I think it will reverse in few days...
What do you think?
Do not follow my trades. Trade what you see on your own charts.
  • #37,746
  • Oct 8, 2007 8:58am Oct 8, 2007 8:58am
Quoting karmostaji
Hey Zoran, what do you think about the 4H/D UJ butterly pattern?
Hi Karmo

I can't really see any although there is kind of an invalidated one. Can you point it out?
  • #37,747
  • Oct 8, 2007 8:59am Oct 8, 2007 8:59am
[quote=Pips_Cruiser;1633129]Wow. I'm having one of those day, too. I would have been better off not doing anything. I had a long from last week that I closed out at 239.18 when price stalled. 40 pips profit, but I could have doubled it. Instead I violating my trading rules by:

1) Not letting a winning trade ride.
2) Thinking I could judge the "top".

Then I violated another rule by:

3) Going against the trend.

I lost 60 pips doing that. So I'm having a losing day, and it's nobody's fault but my own. I don't mind losing, but I don't like being stupid.



I have a number 4 Rule also: Wait for all three markets to open prior to making trades. (Asia Holiday yesterday - US Holiday today - Europe Slow)
TheCableGuy
  • #37,748
  • Oct 8, 2007 9:02am Oct 8, 2007 9:02am
Quoting Zoran
Hi Karmo

I can't really see any although there is kind of an invalidated one. Can you point it out?
http://img528.imageshack.us/img528/7769/4hwv5.gif
Trade what you see, not what you think.
  • #37,749
  • Oct 8, 2007 9:15am Oct 8, 2007 9:15am
Quoting karmostaji
Check image above

The B point is most important for all harmonics and needs to be very close (almost to the pip). In a butterfly, it is 78.6 so that pattern above has it at 94. Not really sure what it represents. I have my doubts about that ZUP indicator. Maybe it needs some hacking to get it right.
  • #37,750
  • Oct 8, 2007 9:20am Oct 8, 2007 9:20am
Quoting Zoran
The B point is most important for all harmonics and needs to be very close (almost to the pip). In a butterfly, it is 78.6 so that pattern above has it at 94. Not really sure what it represents. I have my doubts about that ZUP indicator. Maybe it needs some hacking to get it right.
I see, I've been playing aroung with this ZUP indicator, but I've printed all the details about the patterns and I double check the pattern myself. Maybe you should create 'Zoran's harmonic pattern' indicator
Trade what you see, not what you think.
  • #37,751
  • Oct 8, 2007 9:21am Oct 8, 2007 9:21am
out 238.90
  • #37,752
  • Oct 8, 2007 9:23am Oct 8, 2007 9:23am
Just wanna share ..

Based on my 15min strategy, we gonna have a short signal soon. Let's see how the candle closes next
  • #37,753
  • Oct 8, 2007 9:24am Oct 8, 2007 9:24am
Quoting mktjong
Just wanna share ..

Based on my 15min strategy, we gonna have a short signal soon. Let's see how the candle closes next
be careful of the TL and 1hr 50ema, they are kissing each other so it might be hard to crack
Trade what you see, not what you think.
  • #37,754
  • Oct 8, 2007 9:28am Oct 8, 2007 9:28am
Quoting Hakuna Matata
out 238.90
I closed one short there. I am holding the other short.

I am just happy EU finally dropped. I had a big short bet that was way underwater friday that finally turned into a nice profit.
  • #37,755
  • Oct 8, 2007 9:28am Oct 8, 2007 9:28am
Quoting karmostaji
be careful of the TL and 1hr 50ema, they are kissing each other so it might be hard to crack
Thanks Karmo. I will go regardless of whatever It might bounce back a bit but eventually it would go down again, I think, let's see how the candle closes
  • #37,756
  • Oct 8, 2007 9:31am Oct 8, 2007 9:31am
Quoting Hakuna Matata
out 238.90
why did u exit at 238.90.
  • #37,757
  • Oct 8, 2007 9:32am Oct 8, 2007 9:32am
Quoting mktjong
Thanks Karmo. I will go regardless of whatever It might bounce back a bit but eventually it would go down again, I think, let's see how the candle closes
Another thing to watch for is the 4H Gann hilo
Trade what you see, not what you think.
  • #37,758
  • Oct 8, 2007 9:35am Oct 8, 2007 9:35am
Quoting karmostaji
I see, I've been playing aroung with this ZUP indicator, but I've printed all the details about the patterns and I double check the pattern myself. Maybe you should create 'Zoran's harmonic pattern' indicator
Yeah, I might have a look at the code one day and see if I can tweak it. If it's too much effort then I'll just leave it.
  • #37,759
  • Oct 8, 2007 9:38am Oct 8, 2007 9:38am
Just closed shorts I had opened this morning from 239.51 . . . I'll be looking for a nice place to get long again soon.
check out my blog: forexmademillionaire dot com
  • #37,760
  • Oct 8, 2007 9:40am Oct 8, 2007 9:40am
238.50 will be the key area to break.
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