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

  • #57,181
  • Jan 3, 2008 3:40pm Jan 3, 2008 3:40pm
Quoting moneymagnet
just wanted to show u guys what i have been doing the last couple days. its simple and combined with aus' strategy and other things it has been profitable. i just trade the break and close of the consolidation area(shaded in yellow) in either direction. this is a clean chart w/o fibs, tl's, etc. or you would not have seen it otherwise.
Hi MM,

I was reading through, trying to catch-up on things and found your post on trading breadk-outs and it reminded me of this indicator I have for that. It has an alarm that you set at top and bottom of range and will sound when it breaks the range to let you know there is a breakout. Hope it helps

fxstman
Attached File(s)
File Type: mq4 Chin Breakout Alert mt4.mq4   17 KB | 366 downloads
  • #57,182
  • Jan 3, 2008 3:48pm Jan 3, 2008 3:48pm
Quoting quecee5
Yeah, you are absolutely right! We must trade what we see in the charts.
Didn't mean to clutter the thread with the babbling. . .
No clutter at all. Its always good to see other points of view. Being objective is crucial in trading.
  • #57,183
  • Jan 3, 2008 3:50pm Jan 3, 2008 3:50pm
Right now,. 215.24 area is holding, lets wait till after 5 pm ( after interest has been paid) and asian session to see what happens, 216.60 is another area of resistance,

Quoting PipChick
Im thinking we are possibly setting up an ABC pattern for NFP tomorrow. (1 hr chart)Thats if the 215.24 area holds.
  • #57,184
  • Jan 3, 2008 4:05pm Jan 3, 2008 4:05pm
Going to the gym guys, talk to you's much l8ter. . .

  • #57,185
  • Jan 3, 2008 4:07pm Jan 3, 2008 4:07pm
Quoting quecee5
Going to the gym guys, talk to you's much l8ter. . .

Cya..work off some steam!
  • #57,186
  • Jan 3, 2008 4:09pm Jan 3, 2008 4:09pm
Quoting quecee5
Going to the gym guys, talk to you's much l8ter. . .


Talk to ya later Quecee! My thoughts still stand on the gbp/jpy. On a different note, check out the daily close for the Usd/Cad; it closed as a bearish engulfment pattern off of resistance. Think of it what you will. Best of luck to everyone trading tonight!
I dream, therefore I become.
  • #57,187
  • Jan 3, 2008 4:23pm Jan 3, 2008 4:23pm
this may be the retrace...or it could be just interest playing returning to the ole daily pivot.... lets see
  • #57,188
  • Jan 3, 2008 4:47pm Jan 3, 2008 4:47pm
Quoting dagoods
this may be the retrace...or it could be just interest playing returning to the ole daily pivot.... lets see
hi dagoods, is the daily pivot at 218.80's? still trying to learn from the seniors here
  • #57,189
  • Jan 3, 2008 4:53pm Jan 3, 2008 4:53pm
Quoting alan003
hi dagoods, is the daily pivot at 218.80's? still trying to learn from the seniors here

www.actionforex.com for quick reference to pivot points or get a daily pivot tool for your charting software.... i took this long for other reasons but thats a good one too.... you may be a little late to the party....when trading against the trend i keep a VERY tight stop loss and move it along accordingly as the trend can come out of nowhere to bite you in the butt! especially on the beast lol...... better for nebies to only trade with the overall trend...see mike w's posts..... less trades but better trades = more success....good luck to ya

MY CHARTING SHOWS A DIFFRENT DAILY PIVOT...AND I DIDNT MEAN RRETUNING TO IT I MEANT TRADING ABOVE IT....IT DEPENDS ON HOW ITS SET (WHAT TIME FRAMES) AND NO ITS NOWHERE NEAR 218 LOL
  • #57,190
  • Jan 3, 2008 5:00pm Jan 3, 2008 5:00pm
Quoting dagoods
www.actionforex.com for quick reference to pivot points or get a daily pivot tool for your charting software.... i took this long for other reasons but thats a good one too.... you may be a little late to the party....when trading against the trend i keep a VERY tight stop loss and move it along accordingly as the trend can come out of nowhere to bite you in the butt! especially on the beast lol...... better for nebies to only trade with the overall trend...see mike w's posts..... less trades but better trades = more success....good luck to ya
thanks for the tips bro.. many pips to u and others
  • #57,191
  • Jan 3, 2008 5:08pm Jan 3, 2008 5:08pm
Quoting alan003
thanks for the tips bro.. many pips to u and others

by the way i closed my long trade plus 50 so anyone thinking about it dont.... it could go either way....never chase! i learned that the hard way!
  • #57,192
  • Jan 3, 2008 5:21pm Jan 3, 2008 5:21pm
Quoting fxstman
Hi MM,

I was reading through, trying to catch-up on things and found your post on trading breadk-outs and it reminded me of this indicator I have for that. It has an alarm that you set at top and bottom of range and will sound when it breaks the range to let you know there is a breakout. Hope it helps

fxstman
cool thanks
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #57,193
  • Jan 3, 2008 6:10pm Jan 3, 2008 6:10pm
I just saw a piece on bloomberg...they said Nikkei futures are down over 350. I'm sure this is priced in already, but with all the gloom and doom out there it would be pretty suprising to see a big rally. Sentiment and risk seems to be on the down side of 350
  • #57,194
  • Jan 3, 2008 6:25pm Jan 3, 2008 6:25pm
http://www.nni.nikkei.co.jp/CF/FR/MKJ/

-542
  • #57,195
  • Jan 3, 2008 6:26pm Jan 3, 2008 6:26pm
Quoting FX-Petra
I just saw a piece on bloomberg...they said Nikkei futures are down over 350. I'm sure this is priced in already, but with all the gloom and doom out there it would be pretty suprising to see a big rally. Sentiment and risk seems to be on the down side of 350
Nikkei is down 544 points. All the japanese bears have been locked out of the action because of bank holiday after bank holiday. I think they want to make up for it.
  • #57,196
  • Jan 3, 2008 6:30pm Jan 3, 2008 6:30pm
Quoting markam
Nikkei is down 544 points. All the japanese bears have been locked out of the action because of bank holiday after bank holiday. I think they want to make up for it.

if the nikkei is down is that mean the yen is weaker? if the yen is weaker would the gj then rise because of it? i am confusedededed
  • #57,197
  • Jan 3, 2008 6:46pm Jan 3, 2008 6:46pm
Quoting dagoods
by the way i closed my long trade plus 50 so anyone thinking about it dont.... it could go either way....never chase! i learned that the hard way!
dagoods,

Nice scalp my friend =
I got stopped out of my scalp for 80 pips while @ the gym. That "geppy" know it can travel some pips.

Still working on my EU short, taking its own sweet time retracing to the lows. Might look to re-enter GJ again if the set-up looks right but for now I'll just sit on the sideline and watch it range up and down for now. . .
  • #57,198
  • Jan 3, 2008 6:46pm Jan 3, 2008 6:46pm
Quoting dagoods
if the nikkei is down is that mean the yen is weaker? if the yen is weaker would the gj then rise because of it? i am confusedededed
Remember that the yen is the anticurrency. When equity markets go down, the yen gets stronger. It is all part of the yen carry trade.
  • #57,199
  • Jan 3, 2008 6:47pm Jan 3, 2008 6:47pm
Anyone no why this thing is falling so much the past few minutes. Was there an announcement or anything. Just wondering.
  • #57,200
  • Jan 3, 2008 6:49pm Jan 3, 2008 6:49pm
Quoting markam
Remember that the yen is the anticurrency. When equity markets go down, the yen gets stronger. It is all part of the yen carry trade.


thanks markam.... i ahte to admit it but i'm still confused! lol can you put that in terms an idiot like me can understand????
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