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

Quoting markam

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Actually thinking about this some more, I realized that the US government is likely going to have to pull from the SPR, because I can't see any way the mexican oil production is going to come back quickly. Will there be a market reaction from the use of the SPR, and what will the reaction be?

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Quoting Zul

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Forums > Forex Discussion > Malaysia
Quote:
Originally Posted by msmsms http://www.forexfactory.com/images/buttons/viewpost.gif
shamx77, zul...etc

i

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Quoting MoForce

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G/J bounced off of my 238.93 fib support level... I'm long from 238.95

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Quoting Zul

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Forums > Forex Discussion > Malaysia
Quote:
Originally Posted by msmsms http://www.forexfactory.com/images/buttons/viewpost.gif
shamx77, zul...etc

it was good trading days since a week ago on gu. i have been using wma20 and sma30, whenever the price falls, or the so called "correction" then it will bounce back north after touching wma20 and sma30 . we know that it is uptrend and i don't have to worry. looking at 15m, 1hr and 4h chart, it religiously follow that rules that it must bounce up and work all the way up. i wonder all traders using these indicators, which is near perfect. especially when it comes to europe and us session. i use to encounter -60 pips correction and i close later 120 pips above. meaning i gain 60 pips. when blair resigned it went down 130 pips and work all the way up, thrust into higher area. some questions here. which time frame chart that i need to rely on, i might not very good at candlestick but i can read and see something.

if it is going to be a reversal of trend, which chart to look at. on fundamental, exception is non farm, chain effect from this event. how to detect whether that is really a crash and tomorrow price will work all the way down.

i am a chartist. but i don't forget fundamental. say something please.

Hi,everyone !I just finish analyse the set up with the historical chart and it good set up work with any MA but need to combine with the candlestick pattern. The following are the setup rules:

Portfolio: GBP/USD
Time frame : 30 minutes chart
Entry Session: London Session (7am-11am GMT)
New York (7am-1pm EST)
a)Trend following for long position:
1. 20 wma must cross 30 sma.
2. Candlestick must close and touch 20 wma.
3. Place entry order 4 pips above the close candlestick. Entry order will be apply instead of market order to reduce the risk of fake out for trade risk management.
4. Place entry order 4 pips above the close candlestick after it touch 30 sma for buy dip option. Entry order will be apply instead of market order to reduce the risk of fake out for trade risk management.
5.
b) Trend following for short position:
1. 30 sma must cross 20 wma.
2. Candlestick must close and touch 20 wma.
3. Place entry order 4 pips below the close candlestick. Entry order will be apply instead of market order to reduce the risk of fake out for trade risk management.
4. Place entry order 4 pips below the close candlestick after it touch 30 sma for buy dip option. Entry order will be apply instead of market order to reduce the risk of fake out for trade risk management.
c) Trend reversal for short position:
1. 30 sma must cross 20 wma.
2. Candlestick must close at the same time 30 sma cross 20 wma.
3. Place entry order 4 pips below the close candlestick. Entry order will be apply instead of market order to reduce the risk of fake out for trade risk management.
d) Trend reversal for long position:
1. 20 wma must cross 30 sma.
2. Candlestick must close at the same time 20 wma cross 30 sma.
3. Place entry order 4 pips below the close candlestick. Entry order will be apply instead of market order to reduce the risk of fake out for trade risk management.

Risk Management
1. ONLY enter trade using the above setup rules.
2. Money management and profit projection can be applied based on individual risk appetite.
3. Set minimum profit projection using limit order.
4. DO NOT chase the trade.
5. DO NOT enter trade 30 minutes before the economic data out.


Suggestion

In order to prove the consistency of this system I would like to suggest you to demo trade this system for at least 1 month. Place 15 to 25 pips or lower profit projection and record the consistency of the profit projection. You can use this system as forum daily discussion so it can be improve. I may not use this system the fact that I prefer to use my own system but I’m happy to give some idea. All the best!

Zul
Disclaimer-Please Read

All resources are for Educational Purposes Only.
Investing and Trading involves significant financial risk and is not suitable for everyone. Before deciding to invest or trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Investors and Traders should consult with a professional financial advisor for the effects of active investing.
Any opinions, news, research, analyses, prices, or other information is provided as general market commentary and does not constitute investment advice. No acceptance of liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Do Your Due Diligence and take responsibility.

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Quoting moneymagnet

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with all due respect, you need to start your own thread. sounds like a great system but this is aus' thread.

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Quoting my2buoys

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There already is another thread. He somehow replied to a post from the 'Malaysia' thread and posted his response here. I didn't know you could do that. The founder of that thread had his original thread banned and he started a new one under a different name, according to his initial thread post. Please, no one else respond to his post unless you delete his garb first. Two responses fill up an entire page here.

M2B

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Quoting MoForce

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G/J bounced off of my 238.93 fib support level... I'm long from 238.95

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Quoting Dobin

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patient, there will be better enter later around .60-.70

I perfer to long around the TL

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Quoting auslanco

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Daily bar Momentum trade was updated

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Quoting MoForce

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Although .6 or .7 is better... it doesn't matter too much for me to miss out on a little bit of pips.. all I want is G/J to touch 241.50 and crash.

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Quoting my2buoys

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Aus, you said you entered long at 239.93. Did you mean 238. 93?

M2B

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Quoting my2buoys

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Aus, you said you entered long at 239.93. Did you mean 238. 93?

M2B

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