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

  • #39,341
  • Oct 11, 2007 3:56pm Oct 11, 2007 3:56pm
what?
  • #39,342
  • Oct 11, 2007 4:26pm Oct 11, 2007 4:26pm
Quoting txfx
excellent analysis Dutch
Thank you kindly. I just try to follow the advice given by a great trader:

Keep it simple, stupid.

So far so good. Let's see what our Japanese friends have to say. right now we're btw the S1 and S2
Patience + Humility + Study = Success
  • #39,343
  • Oct 11, 2007 4:34pm Oct 11, 2007 4:34pm
I just need a confirmation. I have the 1hr 100 sma @ 238.92 and the 1hr 5sma @ 238.43. Thanks in advance. Mt4
  • #39,344
  • Oct 11, 2007 4:38pm Oct 11, 2007 4:38pm
Quoting spin703
I just need a confirmation. I have the 1hr 100 sma @ 238.92 and the 1hr 5sma @ 238.43. Thanks in advance. Mt4
1 hr 100sma
1 hr 5sma i have @ 238.64

Both @ MT4
Success has a Thousand Fathers.
  • #39,345
  • Oct 11, 2007 4:39pm Oct 11, 2007 4:39pm
Quoting karmostaji
Don't fall in love with your positions, just warning you.
Hala
please what yor tp and sl
  • #39,346
  • Oct 11, 2007 4:43pm Oct 11, 2007 4:43pm
Thanks Kayman, one more question. what is your settings on the 5sma. Mine is on the close. thanks in advance.
  • #39,347
  • Oct 11, 2007 4:48pm Oct 11, 2007 4:48pm
Quoting DutchTrader
Thank you kindly. I just try to follow the advice given by a great trader:

Keep it simple, stupid.

So far so good. Let's see what our Japanese friends have to say. right now we're btw the S1 and S2
Otherwise known as the KISS approach.
  • #39,348
  • Oct 11, 2007 4:48pm Oct 11, 2007 4:48pm
Quoting spin703
Thanks Kayman, one more question. what is your settings on the 5sma. Mine is on the close. thanks in advance.
Same...@ close... bud
Success has a Thousand Fathers.
  • #39,349
  • Oct 11, 2007 4:49pm Oct 11, 2007 4:49pm
Hmmm sure looks more like a 4hr 5sma retrace.. 238.94 mt4

but then again what do I know...lol
  • #39,350
  • Oct 11, 2007 4:53pm Oct 11, 2007 4:53pm
Quoting kevinsw
Hmmm sure looks more like a 4hr 5sma retrace.. 238.94 mt4

but then again what do I know...lol
50% retrace fib of fall (238.87 to 237.75) is @ 238.81......
Success has a Thousand Fathers.
  • #39,351
  • Oct 11, 2007 5:01pm Oct 11, 2007 5:01pm
Quoting Pickensrulz
Otherwise known as the KISS approach.
Right you are, or if you would like, "how not to KISS your money goodbye"
Patience + Humility + Study = Success
  • #39,352
  • Oct 11, 2007 5:01pm Oct 11, 2007 5:01pm
Quoting kayman
50% retrace fib of fall (238.87 to 237.75) is @ 238.81......
sounds close either way 4hr 5 sma or your way. I guess we are on the same track..
  • #39,353
  • Oct 11, 2007 5:20pm Oct 11, 2007 5:20pm
Quoting kevinsw
Hmmm sure looks more like a 4hr 5sma retrace.. 238.94 mt4

but then again what do I know...lol
Hey, Kevin,

Good to see you again, Bud. I noticed you posted the other day after a long absence. Anyway, the 4H 5SMA and the 1H 50EMA are both right around 239. We might see that by the beginning of Asia. It's hard to tell during the dead period that we are in right now. I personally already took a small short position at 238.67. If you look at the 30M chart you will see a confluence of indicators there; the 30M 200EMA, the 30M TFT and the underside of the Daily trend line. I only took a small position because I think price could still move up to the 239 area before shooting down again, but there's no guarantee of that. For a more conservative approach, you could also wait until the 15M QQE5 crosses back down. Remember, patience is the key in trading. If you are waiting for 239 and it doesn't hit, you can always get back in on a retrace or, worse case scenario, there will always be another trade. I learned that the hard way early on in my trading career. Good luck, Friend.

M2B

PS- One more thing. The Daily pivot is also right at 239 which would be a good area to expect a bounce.
Attached Image (click to enlarge)
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  • #39,354
  • Oct 11, 2007 5:25pm Oct 11, 2007 5:25pm
New daily momentum is bearish, should be good for shorts
Trade what you see, not what you think.
  • #39,355
  • Oct 11, 2007 5:32pm Oct 11, 2007 5:32pm
the price also just hit daily 5 sma. retrace more?
  • #39,356
  • Oct 11, 2007 5:38pm Oct 11, 2007 5:38pm
Quoting karmostaji
Usually price does this stupid ranging until Friday and then the bulls give up and we'll get our short pips. It has happened several times, it might happen again this week.
Trade what you see, not what you think.
  • #39,357
  • Oct 11, 2007 5:47pm Oct 11, 2007 5:47pm
This was posted during the last Tokyo session.

Quoting auslanco
all Daily Mom are pointing down for the first time in 10 days. I 'm expecting a trend reversal before 1700EST. Currently I have a long trade targeting 240 area. If my indicators turn bearish I will exit and go short.
Today We got a Daily bar formed below 5 sma for the first time in around 15 days.. How ever the momentum is mixed. Overall trend is slowly changing to bearish. I got a short open on the 4hr/hr strategy..
  • #39,358
  • Oct 11, 2007 5:48pm Oct 11, 2007 5:48pm
Quoting karmostaji
Karmo, I think I will join markam and his 210...
.
  • #39,359
  • Oct 11, 2007 5:48pm Oct 11, 2007 5:48pm
Quoting auslanco
This was posted during the last Tokyo session.



Today We got a Daily bar formed below 5 sma for the first time in around 15 days.. How ever the momentum is mixed. Overall trend is slowly changing to bearish. I got a short open on the 4hr/hr strategy..
Aus, you seem to be getting up earlier and going to bed later. addicted?
  • #39,360
  • Oct 11, 2007 5:49pm Oct 11, 2007 5:49pm
Quoting karmostaji
New daily momentum is bearish, should be good for shorts
hala hala , the answer not cleas, kindadd me to you yahoo massenger

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