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

  • #60,281
  • Jan 28, 2008 9:20am Jan 28, 2008 9:20am
Quoting karmostaji
My short position was stopped out with some nice profit, seems long is coming into play.. I'll wait for a bit retracement into the 211 area and trigger a long, will keep it for several days maybe a week till we reach 217-219 area
till we are below daily ganhilo it may be dangerous to take long
also we still below 4hr ganhilo.
but if price close above the daily ganhilo the scenario that was i said before,will be done.
http://www.forexfactory.com/showpost...ostcount=60108

time will tell us soon

ps:if 1hr qqe5 crossdown and price close below 1hr ganhilo,we stay bearish.
  • #60,282
  • Jan 28, 2008 9:20am Jan 28, 2008 9:20am
money magnet can u post ur chart so i can see please ... thanks mate
  • #60,283
  • Jan 28, 2008 9:20am Jan 28, 2008 9:20am
Quoting karmostaji
My short position was stopped out with some nice profit, seems long is coming into play.. I'll wait for a bit retracement into the 211 area and trigger a long, will keep it for several days maybe a week till we reach 217-219 area
Karmo,

Just a few quick questions. . .
Are u not concerned that daily mom 1c and 10c are pointing south, price is trading below daily pivot also price got rejected at hi/lo gann on 4hr chart. Seems above daily pivot and 4hr hi/lo gann would be a better place to go long IMHO.

Long looks tempting but. . .

Would love to hear your take on this. . .
  • #60,284
  • Jan 28, 2008 9:23am Jan 28, 2008 9:23am
Quoting karmostaji
My short position was stopped out with some nice profit, seems long is coming into play.. I'll wait for a bit retracement into the 211 area and trigger a long, will keep it for several days maybe a week till we reach 217-219 area

  • #60,285
  • Jan 28, 2008 9:40am Jan 28, 2008 9:40am
Quoting dagoods
money magnet can u post ur chart so i can see please ... thanks mate
for some reason i cant post
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #60,286
  • Jan 28, 2008 9:42am Jan 28, 2008 9:42am
daily pj.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 15 KB
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #60,287
  • Jan 28, 2008 9:54am Jan 28, 2008 9:54am
Quoting moneymagnet
daily pj.
Nice chart MM, beautifully done.
Discipline + Patience - Fear - Greed = Success
  • #60,288
  • Jan 28, 2008 9:58am Jan 28, 2008 9:58am
thanks money now its makes sense.. .... missed that one... i see numbers at the top of your chart are those the fib levels displayed? if so can u post your template for me? thanks again
  • #60,289
  • Jan 28, 2008 10:04am Jan 28, 2008 10:04am
Quoting dagoods
thanks money now its makes sense.. .... missed that one... i see numbers at the top of your chart are those the fib levels displayed? if so can u post your template for me? thanks again
actually i dont know. the hi-low is for the blue Gann though
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #60,290
  • Jan 28, 2008 10:05am Jan 28, 2008 10:05am
Quoting arezab
Nice chart MM, beautifully done.
thanks i missed that as well
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #60,291
  • Jan 28, 2008 10:12am Jan 28, 2008 10:12am
Quoting quecee5
Karmo,

Just a few quick questions. . .
Are u not concerned that daily mom 1c and 10c are pointing south, price is trading below daily pivot also price got rejected at hi/lo gann on 4hr chart. Seems above daily pivot and 4hr hi/lo gann would be a better place to go long IMHO.

Long looks tempting but. . .

Would love to hear your take on this. . .
The daily momentum was indeed bearish, that is why I was short at the beginning of the day , price made a 50% retracement as usual and it bounced off the lower TL of the 1H bullish channel, I see a lot of signs of bullishness but yah that 4H gann is a bit of a concern but if we get a daily candle above gann today, then I'm going long regardless of that 4H gann. Just waiting for a good price to trigger a long.
Trade what you see, not what you think.
  • #60,292
  • Jan 28, 2008 10:34am Jan 28, 2008 10:34am
Quoting karmostaji
The daily momentum was indeed bearish, that is why I was short at the beginning of the day , price made a 50% retracement as usual and it bounced off the lower TL of the 1H bullish channel, I see a lot of signs of bullishness but yah that 4H gann is a bit of a concern but if we get a daily candle above gann today, then I'm going long regardless of that 4H gann. Just waiting for a good price to trigger a long.
Karmo,

Thxs, I'm actually waiting for the 4hr candle to open (in apprx. 30 min) to see if price will get over the daily pivot hurdle. . . Seems to be giving it a tough time for now. An open above should be good for 300 pips at the very min 215 area that's if it can get above 4hr hi/lo gann (good entry for me)

Again, thxs for the response. . .
  • #60,293
  • Jan 28, 2008 10:36am Jan 28, 2008 10:36am
Q, you still short from 213 area?
  • #60,294
  • Jan 28, 2008 10:37am Jan 28, 2008 10:37am
On my chart 4hr opened below Daily Pivot its showing 212.15
  • #60,295
  • Jan 28, 2008 10:42am Jan 28, 2008 10:42am
Quoting moneymagnet
thanks i missed that as well
But I didn't, it was a nice 200 points for me from 211.60 down to 209.56.

If you come down to lower TF's you definitely will catch it.
Hope you catch the next one.
Discipline + Patience - Fear - Greed = Success
  • #60,296
  • Jan 28, 2008 10:46am Jan 28, 2008 10:46am
Quoting vinesh2
Q, you still short from 213 area?
No, closed part of my shorts out @ 209 area and the other ones @ 210 area. No position currently, waiting to see how things materialize. . .

Might be a good long set-up but I have concerns at the moment such as bearish daily mom, price having trouble getting above 4hr hi/lo Gann and the daily pivot.

Until I see a close above gann and pivot I'm sitting on the sidelines to see how things materialize. . .

The chart below is what I've been monitoring all morning. . .
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr 012801.gif Size: 33 KB
  • #60,297
  • Jan 28, 2008 11:44am Jan 28, 2008 11:44am
I am not a frequent poster here but thought that I will publish my thoughts regarding VT trader to do public and to those who are thinking to try it out. Well. 1 word: DONT!!!
Just scratched the surface:
1. I was unable to create a MA longer then 255 (8 bit data length today????)
2. Very slow and I have just opened 4 charts.
3. THE WORST THINGS OF ALL. The prices were heavily delayed during the main session causing 20-40 pips differences compared the MT4 platform and to Oanda platform. This is outrageous.

Someone might have posted this but I thought would be beneficial.
Have a nice day to all.

Oh yes.
And thank you Auslanco for your invaluable contributions all over the net. You have improved my trading by over 50% and started to see things differently. One more time. Thanks
.
  • #60,298
  • Jan 28, 2008 11:45am Jan 28, 2008 11:45am
For some reason I can't get any of the ebooks... is there something I am missing? Thank for your help, this thread rocks!

JosV.

Quoting birdt
Indeed I do young man, and seeing as you asked politely I shall provide you with some reading material to peruse at your leisure.

You are mistaken about it being 5 waves up and 3 down, the market knows not what is up or down, and even if it did I suspect it would pay it little mind, especially in the foreign exchange. 5 wave bearish formations are as frequent as their bullish counterparts.


This is a small collection of forex ebooks I have made available. Feel free to download any you like. There are two specific to wave theory, I found that Balan was particularly good.

http://www.mediafire.com/?sharekey=5...50fe88c286f15c


Also, the Tom Williams - Mastering the Markets is an absolutely essential read for anyone attempting to understand market movements.
  • #60,299
  • Jan 28, 2008 11:56am Jan 28, 2008 11:56am
Quoting bullrock
I am not a frequent poster here but thought that I will publish my thoughts regarding VT trader to do public and to those who are thinking to try it out. Well. 1 word: DONT!!!
Just scratched the surface:
1. I was unable to create a MA longer then 255 (8 bit data length today????)
2. Very slow and I have just opened 4 charts.
3. THE WORST THINGS OF ALL. The prices were heavily delayed during the main session causing 20-40 pips differences compared the MT4 platform and to Oanda platform. This is outrageous.

Someone might have posted this but I thought would be beneficial.
Have a nice day to all.

Oh yes.
And thank you Auslanco for your invaluable contributions all over the net. You have improved my trading by over 50% and started to see things differently. One more time. Thanks
I am using VT for last 2 years:

1. One thing is correct, and that is servers goes down from time to time,
2. I am running 12 charts on 4 monitors, same platform and computer (Pc 1gb Ram) no problems with that.
3. I am running on other computer FXDD MT4 platform, and I can tell that more or less prices are in 2-3 pips in same range (sometimes prices @ fxdd goes fasters, sometimes price on VT goes)
4. relatively fast executions,
5. Yes Ma is limited @ 255
6. All the best for AUS

***********************************************
My experiance with VT, nothing else
  • #60,300
  • Jan 28, 2008 12:02pm Jan 28, 2008 12:02pm
So, I'm a live trader for 2 years, but was always Euro heavy, Just started The Geppy Friday, so, you can imagine how I feel about it.

:surprised:money_mouth_face:
about covers it.

I'm BIG on studying only a few pairs, and learning them backwards and forwards. So, here I am, starting on this one....but....

OVER 4020 PAGES IN THIS THREAD ALONE?? REALLY??

Guys, last night I got some great help, and watching you on Friday helped me too. Jaroo re-taught me that Price action is king, which I learned once before, but then had really been caught in indicators. And when He and Karm suggested I lock in instead of jump out, they saved my nights work. I HAVE been the guy who constantly moves his stop, for a "few more pips". We know how that can go. (Growl) But you don't know (or maybe you do) the relief I felt when it was locked and "done". I knew I had made money. Last night made me 12% on my total account!!!

I am a GBP/JPY convert!! I half-jokingly told my wife today that it looks like my sleep schedule is gonna have to change. (WHAT????!!)

But you know what? I don't WANT to be another internet N00b who hangs on, watches, and steals other peoples calls. Some of you have worked really really hard to get where you are, and it's just unfair for newer folks to constantly be sucking your brains out. I read some posts (other threads too, not just here), and wish that some guys would just SAY:

"Hey, tell me when to enter and exit, Ok? I'll give you..erm...NOTHING!!! However, if you are ever wrong, I will certainly blame you!"

And my biggest problem is that that's NOT me. I want to learn to fish, not have them handed over.

So please, be patient as I try to push through 60,300 posts and 4571 images. If I ask you questions that a retarded monkey should know, I'm sorry. I really am doing research, and really am studying. I've been reading this Beast of a thread all morning already.

And if you ever, ever, think I'm just fishing for trade calls, please remind me that I am learning this for a reason, and it's NOT to rely on you.

Thanks so much for your wonderful support.
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