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

  • #47,901
  • Nov 5, 2007 12:34pm Nov 5, 2007 12:34pm
Quoting Big P
Dow teases all the time. Another rally. Darn thing will probably close positive. How many times is it going to fall huge and then rally? Fall Dow, Fall!
It is typical for DOW to rally the last hour. It usually rallies up, unless the whole session was negative (meaning it was constantly dropping the hours before), then it rallies down heavily the last hour. This last hour run has been in DOW since ages (f.e. 1987 crash it lost most points the last hour ).
  • #47,902
  • Edited 12:40pm Nov 5, 2007 12:34pm | Edited 12:40pm
Quoting karmostaji
Just give me a day or two and I will respond bro

noproblem, I thought I could use the first couple of pages of your thread to start with.
but won't put anything up until I get the okay from you. Same policy I had with Auslanco and will have with anyone else, approval first.
Rod
Trade what you see, not what you think.
  • #47,903
  • Nov 5, 2007 12:36pm Nov 5, 2007 12:36pm
Quoting Big P
Dow teases all the time. Another rally. Darn thing will probably close positive. How many times is it going to fall huge and then rally? Fall Dow, Fall!
Patience.
Humble Lifetime Member
  • #47,904
  • Nov 5, 2007 12:40pm Nov 5, 2007 12:40pm
Quoting karmostaji
Just give me a day or two and I will respond bro
Welcome back Mr K, no dis-respect Mr M but I'm so much more comfortable in the Long

Yours

Cash and Carry
  • #47,905
  • Edited 1:01pm Nov 5, 2007 12:41pm | Edited 1:01pm
Quoting winterwhite
What about it Zoran, Markam, M2B, Karmo and all other 1K'ers?

I promise I shall follow even as I have followed Auslanco's
journal here.
I don't intend to create my own thread. They tend to be high maintenance and distracting so at times I would just rather trade in peace.

If someone would like to follow me, I tend to post in the Daily GBP/JPY analysis thread http://www.forexfactory.com/showthre...16691&page=930

It doesn't get as much noise so it's much easier to follow and questions tend to get answered. There are quite a few other experienced traders who post in there also.
  • #47,906
  • Nov 5, 2007 12:50pm Nov 5, 2007 12:50pm
I knew this divergence was forming, but until MACD and its histogram start to turn down it's not considered fulfilled. Well, the Daily has finally started to turn down. This candle will close in just over 4 hours, but I think it's safe to say that the divergence is on its way. This coincides with the bearish divergence which has already consummated on the Weekly and Monthly charts. This week could still range a bit up and down as some have speculated, but I would definitely start looking for oppotunities to short. If you're a lont-term trader, get ready for some heavy bear pips.

M2B
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  • #47,907
  • Nov 5, 2007 12:52pm Nov 5, 2007 12:52pm
Quoting karmostaji
It seems everyone is addicted to the patience drugs
there's always a catch. nothing is free!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #47,908
  • Nov 5, 2007 12:54pm Nov 5, 2007 12:54pm
Quoting my2buoys
I knew this divergence was forming, but until MACD and its histogram start to turn down it's not considered fulfilled. Well, the Daily has finally started to turn down. This candle will close in just over 4 hours, but I think it's safe to say that the divergence is on its way. This coincides with the bearish divergence which has already consummated on the Weekly and Monthly charts. This week could still range a bit up and down as some have speculated, but I would definitely start looking for oppotunities to short. If you're a lont-term trader, get ready for some heavy bear pips.

M2B
ok now gimmie, gimmie, gimmie my entry/exit with stop loss.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #47,909
  • Nov 5, 2007 12:55pm Nov 5, 2007 12:55pm
Hallo everybody. I try to show you a momentum divergence at 1HR. After divergence come a bulish move. If I'm wrong correct me.
Good night and see you tomorow guys
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  • #47,910
  • Nov 5, 2007 1:07pm Nov 5, 2007 1:07pm
Quoting dante
Hallo everybody. I try to show you a momentum divergence at 1HR. After divergence come a bulish move. If I'm wrong correct me.
Good night and see you tomorow guys
completely agree with you, as 14C MOM H4 poiting up very sharp..
  • #47,911
  • Nov 5, 2007 1:10pm Nov 5, 2007 1:10pm
price will chop wood for awhile. M2B[/quote]

M2B, curious, where did you pick up that cute quote, Peter Bain perhaps, lol, if so, how about those railroad tracks on the daily?
  • #47,912
  • Nov 5, 2007 1:14pm Nov 5, 2007 1:14pm
Quoting my2buoys
OK, let's stop the witch-hunt before it gets going. No one in particular ticked off Karmo. Karmo has spent way too much time trying to help some of you who don't want to do any reading, research or homework on your own. That wears down even the best of traders over time. Why do you think you haven't seen many posts from Zoran, Hakuna and even Aus over the last 2 to 3 weeks? The reason some of you are upset over Karmo saying he needs to back off from the thread is because he was your 'genie-in-a-bottle', not because you're really concerned about him. Karmo and Markam have kept this thread running while Aus was getting some much needed rest away from the thread. And what happens? Go back and read the last 10 or so pages of the thread. How many of you kept asking Aus if he was 'still long' and 'where is your SL'. READ THE STINKIN' THREAD, WOULD YA,? Besides, the purpose of this thread is not for anyone else to tell you where to place your SL or whether or not you should exit your present trade which is down 100 pips at the moment. Read and learn. Read and learn. Read and learn. And stop asking idiotic questions. You keep it up and pretty soon there will be no senior traders on this thread to help any of you. That would be a shame because there are over 200 people viewing this thread right now, but just a handful of ding-dongs is all it takes to mess up something good. Read and learn. Read and learn. Read and learn. And stop with your pathetic, whiny, elementary posting.

M2B
  • #47,913
  • Nov 5, 2007 1:31pm Nov 5, 2007 1:31pm
Quoting moneymagnet
ok now gimmie, gimmie, gimmie my entry/exit with stop loss.
You probably want me to fund your account, too, don't you MM. Every thread has a wiseguy.

M2B
  • #47,914
  • Nov 5, 2007 1:34pm Nov 5, 2007 1:34pm
Quoting dante
Hallo everybody. I try to show you a momentum divergence at 1HR. After divergence come a bulish move. If I'm wrong correct me.
Good night and see you tomorow guys
I notice the bottom indicator is Stochastics, but unfortunately the chart doesn't show what the middle inidicator at the bottom is. What is that indicator you are using to show divergence?

M2B
  • #47,915
  • Nov 5, 2007 1:36pm Nov 5, 2007 1:36pm
Quoting karmostaji
It seems everyone is addicted to the patience drugs
LOL! Well when dem pills are so cheap... you can't resist = P

Well I'm long 237.7 with S/L at 237.80 and T/P above 240. 4H reached oversold status and rebounded slightly from it and everything on my chart is setup nicely to fit a good long position
Attached Image
  • #47,916
  • Nov 5, 2007 1:36pm Nov 5, 2007 1:36pm
I´ve noticed some comments earlier about the problems of reading indicators and placing stops and targets. There is plenty of information on this in the links that Aus has posted - and whilst I do not wish to add confusion I find that having less on my chart makes trading easier.

Here´s a post I made elsewhere, where the chart only had the Daily Pivot levels, the 100 levels, a 34 and 200EMA and a histogram of the 34 ema:


Here´s a clear way of seeing todays action...an equal high of 239.69 was made at the Frankfurt Open. In the 8:20 candle, price dropped under the 34ema (agua) which then turned down.

At LO it hit its S1 level at 238.28 and bounced back to the 239 level - also the 50% retrace, before selling off again to reach its M1 level of 237.45 - also the lower 200ema band.

A bounce back to the 238 level and 34ema was another possible sell for a slightly lower low.

During all of this time, the slope of the 34ema was negative as seen by the green EMA Angle Histogram which can be used as a trend indicator.....here worth around 180 pips from when it turned negative until it reversed back to positive......an even easier way of watching the action.

Clear KISS trading off the 5 min chart and 34 ema.
Attached Thumbnailshttp://www.forexfactory.com/attachme...1&d=1194286383

__________________
Trading Levels with WRBs
  • #47,917
  • Edited 1:52pm Nov 5, 2007 1:37pm | Edited 1:52pm
Quoting gene22
price will chop wood for awhile. M2B
M2B, curious, where did you pick up that cute quote, Peter Bain perhaps, lol, if so, how about those railroad tracks on the daily?[/quote]
--------------------------------------------------------------------------------------------------------------------
Guilty as charged! I learned quite a bit from Peter Bain's stuff, including the power of divergence, especially on MACD to price. Ah, yes, and those railroad tracks that everybody else wants to call 'tweezers'. It must be Peter's Canadian upbringing, eh?

M2B

PS- And as far as the Daily RR tracks are concerned, what's up with that, eh? Looks like this train isn't sure which way it wants to go yet, at least from a daily standpoint. The Weekly Momentum indicator is still showing a bit of bullishness on the 10C, that's why I think we could end up 'chopping wood' for a few more days. But I think, as you pointed out in some of your posts last week, this train is ultimately booked on a long journey south.
  • #47,918
  • Nov 5, 2007 1:43pm Nov 5, 2007 1:43pm
Hey, Gene, I know you like using the Gann Time points (did I get that right?), but I was wondering if you looked at divergence at all in your trading, and if so, what do you think about the current Monthly, Weekly and Daily bearish divergences occurring at this time? Could divergence be used with the time points to help determine entries?

M2B
  • #47,919
  • Nov 5, 2007 1:44pm Nov 5, 2007 1:44pm
I met him, he is quite a character, a lot of wisdom, did you get a chance to take a look at the charts I've posted? If so, were you able to reconstruct the same on your end?
  • #47,920
  • Nov 5, 2007 1:58pm Nov 5, 2007 1:58pm
Quoting gene22
I met him, he is quite a character, a lot of wisdom, did you get a chance to take a look at the charts I've posted? If so, were you able to reconstruct the same on your end?
I have not had time to really analyze them yet. I just saw took a glance at them this morning. I will check them out in detail, probably later this evening.

M2B
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