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

  • #43,421
  • Oct 23, 2007 6:05pm Oct 23, 2007 6:05pm
Too may posts to go through so I couldn't be bothered. What is your position karmo?
  • #43,422
  • Oct 23, 2007 6:05pm Oct 23, 2007 6:05pm
Quoting karmostaji
well I have a life and was busy with it during the day, so I don't want to long where to me it seems the top. I don't scalp nor go for 20-40 pips.
I dont normally scalp either but I caught more than 100 pips in two trades. Plus I was in for a long ride this morning. Sometimes scalping for 40 -50 pips is worth while.
  • #43,423
  • Oct 23, 2007 6:07pm Oct 23, 2007 6:07pm
we have 200ema, 50ema (235.90) and then not that far 100sma (237.30) on 4hr

watch out for a simultaneuos close above 200ema nd 50ema--then g/j will head towards 100sma for sure

ive explanied the 200ema numerous times on my analysis--so everyone should know the significance of that too especially how it acted as STRONG S/R level

it has broken yesterday Upper TL--a close back below it--I will tgt shrts towards MP (232.75) first

ill wait for my signal setup either way
  • #43,424
  • Oct 23, 2007 6:10pm Oct 23, 2007 6:10pm
Quoting PipChick
Morning Hakuna

chicks-- i just read your posts-- your thinkin is on line

ill only take shorts when i see a good setup--or we are back below 100sma and signals

might just range till frankie/ldn
  • #43,425
  • Oct 23, 2007 6:12pm Oct 23, 2007 6:12pm
Quoting Hakuna Matata
we have 200ema, 50ema (235.90) and then not that far 100sma (237.30) on 4hr

watch out for a simultaneuos close above 200ema nd 50ema--then g/j will head towards 100sma for sure

ive explanied the 200ema numerous times on my analysis--so everyone should know the significance of that too especially how it acted as STRONG S/R level

it has broken yesterday Upper TL--a close back below it--I will tgt shrts towards MP (232.75) first

ill wait for my signal setup either way
yes it has been bouncing off of 235.10 and heading to 235.85 (200 ema on 1 hr) several times.Nice 50 pip profits and pretty safe. It could continue to do that until it finally breaks it but it can also reject it hard enough to send it down. So take profits at the 85 area and use tight stops.
  • #43,426
  • Oct 23, 2007 6:13pm Oct 23, 2007 6:13pm
Quoting Hakuna Matata
chicks-- i just read your posts-- your thinkin is on line

ill only take shorts when i see a good setup--or we are back below 100sma and signals

might just range till frankie/ldn
yes..it has to be under the 100.
  • #43,427
  • Oct 23, 2007 6:14pm Oct 23, 2007 6:14pm
Quoting Zoran
Too may posts to go through so I couldn't be bothered. What is your position karmo?
Hi Zoran, short 235.12

Quoting PipChick
I dont normally scalp either but I caught more than 100 pips in two trades. Plus I was in for a long ride this morning. Sometimes scalping for 40 -50 pips is worth while.
Ok, I always grab pips here n there.. if I don't post it, it doesn't mean I don't grab them
I usually trade off the 1hr and 4hr charts, anything less than that is noise but I keep track of them. My chart tells me go short, so I'm short. I don't know why are people starting to have doubts about themselves (going long) only because a couple of members are short. Just trade what YOU see.
Trade what you see, not what you think.
  • #43,428
  • Oct 23, 2007 6:14pm Oct 23, 2007 6:14pm
Quoting comeinvest
Did you guys notice bullish engulfing daily candlestick formation?

true--but that happens when gaps over weekend happens
could be just catchin gap and then resume downword journey
but yep--its a nice engulfer !

we r close to daily 50ema too--so still plenty of room up first
  • #43,429
  • Oct 23, 2007 6:20pm Oct 23, 2007 6:20pm
Quoting karmostaji
Hi Zoran, short 235.12


Ok, I always grab pips here n there.. if I don't post it, it doesn't mean I don't grab them
I usually trade off the 1hr and 4hr charts, anything less than that is noise but I keep track of them. My chart tells me go short, so I'm short. I don't know why are people starting to have doubts about themselves (going long) only because a couple of members are short. Just trade what YOU see.
I dont have any doubts and wasnt meaning to give my take on 40 or 50 pip scalps to be an insult. peace bro.
  • #43,430
  • Oct 23, 2007 6:21pm Oct 23, 2007 6:21pm
Thanks karmo. This short has your signature on it. I can see a 50% retracement and there are some other things lurking about. I did expect a big bounce off 231.5 but I didn't expect it to get this high so quickly.

Lets see what Asia brings while I sleep.
  • #43,431
  • Oct 23, 2007 6:24pm Oct 23, 2007 6:24pm
Quoting Hakuna Matata
true--but that happens when gaps over weekend happens
could be just catchin gap and then resume downword journey
but yep--its a nice engulfer !

we r close to daily 50ema too--so still plenty of room up first
I rememebered AUS did say this week is bullish week and MOM indicator also showing bulish MOM. Maybe it's a beginning of a journey to north. Anyway times will tell...
  • #43,432
  • Oct 23, 2007 6:26pm Oct 23, 2007 6:26pm
Quoting Hakuna Matata
true--but that happens when gaps over weekend happens
could be just catchin gap and then resume downword journey
but yep--its a nice engulfer !

we r close to daily 50ema too--so still plenty of room up first
Thank you HK for the precise answer about engulfing candles and the weekend gap. I have read alot about them but have not heard that and it does make total sense that both FXDD and IBFX will end up having the engulfing candles and why that would be. I will not give as much credence to those as I would others. Nikki
  • #43,433
  • Oct 23, 2007 6:32pm Oct 23, 2007 6:32pm
Quoting karmostaji
Hi Zoran, short 235.12


Ok, I always grab pips here n there.. if I don't post it, it doesn't mean I don't grab them
I usually trade off the 1hr and 4hr charts, anything less than that is noise but I keep track of them. My chart tells me go short, so I'm short. I don't know why are people starting to have doubts about themselves (going long) only because a couple of members are short. Just trade what YOU see.
whats ur sl..
  • #43,434
  • Oct 23, 2007 6:35pm Oct 23, 2007 6:35pm
Hello evryone, i'm new to Forex trading. I have been following the Karmo and Auslanco systems for a while and i have been getting a little bit hesitant and placing a trade because i have been losing 4 a while on my live account. But please i would appreciate it if anyone can bail me out on the entry and exit levels for 1 hr and 4 hr GJ.
Thanks, you guys are really doinga great job here.
  • #43,435
  • Oct 23, 2007 6:35pm Oct 23, 2007 6:35pm
Quoting aisyah
whats ur sl..
a close above the daily trendline otherwise I'm short.
Trade what you see, not what you think.
  • #43,436
  • Oct 23, 2007 6:59pm Oct 23, 2007 6:59pm
Hi Karmostaji,

Is it possible to get a look at how you've drawn your daily trendline ?
  • #43,437
  • Oct 23, 2007 7:01pm Oct 23, 2007 7:01pm
New 4hr momentum very bullish, I should be careful.
Trade what you see, not what you think.
  • #43,438
  • Oct 23, 2007 7:06pm Oct 23, 2007 7:06pm
Quoting Foster
Hi Karmostaji,

Is it possible to get a look at how you've drawn your daily trendline ?
http://img341.imageshack.us/img341/8752/gjpz9.gif
Trade what you see, not what you think.
  • #43,439
  • Oct 23, 2007 7:14pm Oct 23, 2007 7:14pm
Karmostaji,

Thanks for the image. So pretty much a close above 235.80 and you'll close your short ?
  • #43,440
  • Oct 23, 2007 7:20pm Oct 23, 2007 7:20pm
Quoting Foster
Karmostaji,

Thanks for the image. So pretty much a close above 235.80 and you'll close your short ?
yep, an hourly candle and nothing less.
Trade what you see, not what you think.
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