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

  • #41,421
  • Oct 18, 2007 4:14am Oct 18, 2007 4:14am
Quoting auslanco
No one is expecting a free fall. My target is 235.60 to 236 area today. .. sooner or later there could be a hard fall to atleast 236 area.
That means breaking the "hated" trendline!
Good luck
Learn Hard, Not The "hard way" !
  • #41,422
  • Oct 18, 2007 4:14am Oct 18, 2007 4:14am
Quoting karmostaji
Not bad, I'm still in univ

It looks like it's going to be a bull day, but 4hr and 1hr QQE's are still crossed downwards and daily momentum is bearish, so maybe down will kick in a bit later in the day (NY session maybe?), I'm not sure but I'll wait for a clear signal before jumping in even though I've got a short open somewhere..
do you think the 100sma is going to have this just bouncing around for awhile? Its like it is just going to go 100 sma to 5sma non stop and thats not a lot of space
  • #41,423
  • Oct 18, 2007 4:18am Oct 18, 2007 4:18am
thanks God ..my accout still not blow up..just exited my short from 238.30 with 140 pip profit..wait for clear signal to reenter again..
  • #41,424
  • Oct 18, 2007 4:18am Oct 18, 2007 4:18am
Quoting haliker
do you think the 100sma is going to have this just bouncing around for awhile? Its like it is just going to go 100 sma to 5sma non stop and thats not a lot of space
Plot these 3 moving averages on your chart and have a look at them on different timeframes: 50ema, 100sma, and 200ema and ofcourse 5sma to catch retracements.

You can see on this chart we're stuck between these trendlines and we haven't got even one 4hr bar to close below that daily trendline. If we do get, then downhill it is otherwise I guess up..

http://img87.imageshack.us/img87/7386/gjzw0.gif
Trade what you see, not what you think.
  • #41,425
  • Oct 18, 2007 4:18am Oct 18, 2007 4:18am
Quoting auslanco
No one is expecting a free fall. My target is 235.60 to 236 area today. I haven't opened any new short positions. Just using Karmo's patience indicator to close my yesterdays short position with profits. That's all.. However Daily Momentum is very bearish.. sooner or later there could be a hard fall to atleast 236 area.

Longs are out of my books until the price breaks 1hr 100sma.
I entered a short at .65 and was hoping that all felt it was going to continue its decent. Tell me if you think my logic for entry was sound. 1 we had retraced back to 4hr 5sma, your 15 min indicators are on and saying down, D, 4H, and 15min momentums are all down.
  • #41,426
  • Oct 18, 2007 4:21am Oct 18, 2007 4:21am
Quoting mypip
thanks God ..my accout still not blow up..just exited my short from 238.30 with 140 pip profit..wait for clear signal to reenter again..
Hi mypip,

Can I give you an advice? I'm like your brother and I'm trying to help you here. Please do not use 50% or whatever of your amount per trade, that will lead to disaster and you'll regret it. Read about good money management, using good money management will keep you in this game for a long long time. I hope you don't gamble to double and triple your account in 2 days or so, because your account will, and I repeat it will blow up. Good luck.
Trade what you see, not what you think.
  • #41,427
  • Oct 18, 2007 4:23am Oct 18, 2007 4:23am
Quoting haliker
do you think the 100sma is going to have this just bouncing around for awhile? Its like it is just going to go 100 sma to 5sma non stop and thats not a lot of space
Well it has since yesterday.. we got a choppy /bearish momentum until 10GMT.
10GMT to 12GMT = bearish. (not free fall)

I'm expecting a strong bearish movement from 1600GMT to 0000GMT
  • #41,428
  • Oct 18, 2007 4:24am Oct 18, 2007 4:24am
karmo what are those 3 hard straight lines in your chart?
  • #41,429
  • Oct 18, 2007 4:25am Oct 18, 2007 4:25am
Hello Aus

(Dragged out of closet by my Genesis buddy Vishal!)

Congrats on a great thread. Also, thank you to the other contributors.

I've been lurking for yonks, but I use a different system of entry and exit to you, so I don't want to polute your thread. I must say that I'm now using the QQQ and LevelStopReverse to confirm my system. Thanks.

I also have two MA's on my charts, which I find useful: Weekly LWMA (119 hours with my broker) - it's bounced off that three times in the last 24 hours, and 5 SMA (thanks again) with -50 and +50 levels displaying. I've noticed GBPJPY doesn't like going more that 50 pips away from the H1 5SMA.

One other thing that I can offer to all:

You can edit the desciption of your Fib's in MT4 to show the price at that level. Example - 23.6space%$.

Have a great holiday.
  • #41,430
  • Oct 18, 2007 4:27am Oct 18, 2007 4:27am
Quoting auslanco
Well it has since yesterday.. we got a choppy /bearish momentum until 10GMT.
10GMT to 12GMT = bearish. (not free fall)

I'm expecting a strong bearish movement from 1600GMT to 0000GMT
hey aus I want to say thanks for the 15min EA. Also I am real interested in turning 100 into 100k like you talked about the other day.
  • #41,431
  • Oct 18, 2007 4:28am Oct 18, 2007 4:28am
Quoting haliker
karmo what are those 3 hard straight lines in your chart?
Trendlines, do a search about them and you can read up on how to plot them on your charts
Trade what you see, not what you think.
  • #41,432
  • Oct 18, 2007 4:31am Oct 18, 2007 4:31am
Quoting karmostaji
Trendlines, do a search about them and you can read up on how to plot them on your charts
awesome thank you, my chart is starting to look like a 5 year old went to town with a pack of crayons
  • #41,433
  • Oct 18, 2007 4:34am Oct 18, 2007 4:34am
Quoting karmostaji
Hi mypip,

Can I give you an advice? I'm like your brother and I'm trying to help you here. Please do not use 50% or whatever of your amount per trade, that will lead to disaster and you'll regret it. Read about good money management, using good money management will keep you in this game for a long long time. I hope you don't gamble to double and triple your account in 2 days or so, because your account will, and I repeat it will blow up. Good luck.
thanks for the adviced ..really apreaciated it..just last night dunno im too over confident with my all calculation..till am using more than 40% capital..this the last thing that i will do it..
  • #41,434
  • Oct 18, 2007 4:35am Oct 18, 2007 4:35am
Quoting sledgehammer
Hello Aus

(Dragged out of closet by my Genesis buddy Vishal!)

Congrats on a great thread. Also, thank you to the other contributors.

I've been lurking for yonks, but I use a different system of entry and exit to you, so I don't want to polute your thread. I must say that I'm now using the QQQ and LevelStopReverse to confirm my system. Thanks.

I also have two MA's on my charts, which I find useful: Weekly LWMA (119 hours with my broker) - it's bounced off that three times in the last 24 hours, and 5 SMA (thanks again) with -50 and +50 levels displaying. I've noticed GBPJPY doesn't like going more that 50 pips away from the H1 5SMA.

One other thing that I can offer to all:

You can edit the desciption of your Fib's in MT4 to show the price at that level. Example - 23.6space%$.

Have a great holiday.
can you get the 23.6space% not to show but keep price showing?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #41,435
  • Oct 18, 2007 4:37am Oct 18, 2007 4:37am
Quoting moneymagnet
can you get the 23.6space% not to show but keep price showing?
yes, just do this

(%$) 23.6
Trade what you see, not what you think.
  • #41,436
  • Oct 18, 2007 4:38am Oct 18, 2007 4:38am
Quoting Hakuna Matata
mornin

good evening

(if no action--ill be back later with-- "good night" ) --lol
  • #41,437
  • Oct 18, 2007 4:40am Oct 18, 2007 4:40am
Quoting Hakuna Matata
good evening

(if no action--ill be back later with-- "good night" ) --lol
Go enjoy your time with the wifey, leave forex alone otherwise she won't buy you any bermudas from now on
Trade what you see, not what you think.
  • #41,438
  • Oct 18, 2007 4:48am Oct 18, 2007 4:48am
Quoting karmostaji
Go enjoy your time with the wifey, leave forex alone otherwise she won't buy you any bermudas from now on

been enjoyin and sleepin all afternoon actually-- and im glad too bro--stupid action on g/j--nuthin interesting-- bbl

everyone should actually just set some price alarms and chill out--stop staring at your screens all day

ps-- there is a fib indicator ive seen somehwere which autoplots values as u draw the fibs--see if anyone can find it--ill do research as well.
  • #41,439
  • Oct 18, 2007 4:54am Oct 18, 2007 4:54am
Quoting Hakuna Matata
been enjoyin and sleepin all afternoon actually-- and im glad too bro--stupid action on g/j--nuthin interesting-- bbl

everyone should actually just set some price alarms and chill out--stop staring at your screens all day

ps-- there is a fib indicator ive seen somehwere which autoplots values as u draw the fibs--see if anyone can find it--ill do research as well.
Hakuna, this is an indicator that I've used for fib placement. Not exactly sure where I found it.
Attached File(s)
File Type: ex4 FiboRetracement3.ex4   17 KB | 481 downloads
File Type: mq4 FiboRetracement3.mq4   16 KB | 623 downloads
  • #41,440
  • Oct 18, 2007 4:58am Oct 18, 2007 4:58am
Quoting auslanco
Well it has since yesterday.. we got a choppy /bearish momentum until 10GMT.
10GMT to 12GMT = bearish. (not free fall)

I'm expecting a strong bearish movement from 1600GMT to 0000GMT
Hi Aus..

First of all thank you very much for this great strategy.. Sometimes I think the price follow you and not the inverse

Sorry the question, but could you please tell me how you predict this movement.. Why form 16 to 00GMT?

Thank you Aus and have a nice holidays...
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