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GBPJPY scalpers

  • #101
  • Feb 26, 2008 11:24pm Feb 26, 2008 11:24pm
rsi124 long trigger 15 min 212.74 bar high , entry 212.89. Target 213.8.


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Blogging daily now at www.volume.zone
  • #102
  • Feb 26, 2008 11:26pm Feb 26, 2008 11:26pm
i think this could-be-bullish will hit 214
  • #103
  • Feb 26, 2008 11:30pm Feb 26, 2008 11:30pm
malcolmb14,

where to look for nasdaq and other market charts?
  • #104
  • Feb 26, 2008 11:35pm Feb 26, 2008 11:35pm
Quoting kotaro-san
malcolmb14,

where to look for nasdaq and other market charts?
I use esignal for everything other than dj futures.

Esignal has everything from everywhere, including futures , global indices , foreex etc .... you get it for free with 20 lots traded per month or 200 mini lots with FXCM

You have to pay a little bit additonal for indices ... $40 per month only.

I watch HANG SENG , NIKKEI , FTSE100 , DJ-30 depending on time of day.
Blogging daily now at www.volume.zone
  • #105
  • Feb 26, 2008 11:37pm Feb 26, 2008 11:37pm
Quoting kotaro-san
i think this could-be-bullish will hit 214
After more analysis I couldn't agree more. She will hit my wonderful turquoise line. 214 here we come! Notice the support of last weeks candle on the yellow line.
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  • #106
  • Feb 26, 2008 11:37pm Feb 26, 2008 11:37pm
Quoting malcolmb14
I use esignal for everything other than dj futures.

Esignal has everything from everywhere, including futures , global indices , foreex etc .... you get it for free with 20 lots traded per month or 200 mini lots with FXCM

You have to pay a little bit additonal for indices ... $40 per month only.

I watch HANG SENG , NIKKEI , FTSE100 , DJ-30 depending on time of day.
thanks. i'll check it out.

im about to long gj in minutes from now
  • #107
  • Feb 26, 2008 11:40pm Feb 26, 2008 11:40pm
yeah scotty B

i think 214 will be the target. as malcolmb says, 213.8 will be the least

GJ has turned up and retouched the low around .55 . its about to move up?
  • #108
  • Feb 27, 2008 12:13am Feb 27, 2008 12:13am
I've been playing with lines and ellipses all evening and I am going to throw this out there for trivia's sake. I think she could feasibly go to 214.40. I wish I could show you my chart, but every time I save it, mt4 screws up my ellipse'
EDIT:
Okay I just got my chart to save right. The lower ellipse is support and the one above is resistance. It's a really slick little trick I've been learning. This is how I came up with 214.40.
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  • #109
  • Edited 12:27am Feb 27, 2008 12:15am | Edited 12:27am
UJ has already made the low for the day. now its GU to decide whether long or short. probably long isnt it?

edit:
im getting 12 pips n counting. hopefully GU will pull GJ up
  • #110
  • Feb 27, 2008 12:31am Feb 27, 2008 12:31am
Hey Scotty, how do you do the ellipses??
Quoting Scotty B
I've been playing with lines and ellipses all evening and I am going to throw this out there for trivia's sake. I think she could feasibly go to 214.40. I wish I could show you my chart, but every time I save it, mt4 screws up my ellipse'
EDIT:
Okay I just got my chart to save right. The lower ellipse is support and the one above is resistance. It's a really slick little trick I've been learning. This is how I came up with 214.40.
FF journal: Peaks and Troffs
  • #111
  • Feb 27, 2008 12:39am Feb 27, 2008 12:39am
Hi Malcolm14 and all regulars on this thread,

10 lots x 90 pips = 9k x 5 days x 30 weeks should = 1,350,000

My less ambitious target is :

10 lots x 50 pips = 5k x 5 days x 40 weeks (take 12 weeks vacation) = 1,000,000

p.s. forex history has been made - the euro crossed 1.5000 and thus far is able to sustain its momentum.
  • #112
  • Feb 27, 2008 1:31am Feb 27, 2008 1:31am
now malcolmb's method is sure more profitable than those xxxx.....

edit: where r u malcolmb?
  • #113
  • Feb 27, 2008 1:39am Feb 27, 2008 1:39am
Quoting kotaro-san
now malcolmb's method is sure more profitable than those xxxx.....

edit: where r u malcolmb?
I am in Vancouver Canada
Blogging daily now at www.volume.zone
  • #114
  • Edited 1:57am Feb 27, 2008 1:47am | Edited 1:57am
r u a batman? or u live at night n rest at day..

how about move to london

edit: to reach close to 214 is impossible for now since GBP news are coming in 1.5 hour. i already closed with 50 pips. nice start today
  • #115
  • Feb 27, 2008 1:52am Feb 27, 2008 1:52am
Quoting kotaro-san
r u a batman? or u live at night n rest at day..

how about move to london
sleep ..who needs that ....I thought that what Red Bull was for lol

I am from London and have thought about mobing back there , but Vancouver is so beautiful
Blogging daily now at www.volume.zone
  • #116
  • Feb 27, 2008 1:57am Feb 27, 2008 1:57am
malcolmb14

Your system is definately worth learning . Thank you for sharing how a trader can determine a good entry point. Definately entry point with RSI 14 is better that entry point with cross of 50 SMA, since it gets you in the market earlier.

You posted earlier that when you enter based on RSI your TP is usually when price crosses the 50 SMA on the 15 min chart. But what if you enter with trigger bar 15 points above or below depending on long or short trade using the 50 SMA cross? Is there someway I can look at the RSI 14 and determine when it is a good point to exit? Or better said how do you determine when to exit?

Thank you. sw
The Will is Greater than the Skill
  • #117
  • Feb 27, 2008 2:00am Feb 27, 2008 2:00am
i see gj is forming strong bullish.. how much it retraces, it will still be bullish until new york opens
  • #118
  • Feb 27, 2008 2:07am Feb 27, 2008 2:07am
FTSE is falling. does it mean the GDP that due will be bad?
  • #119
  • Feb 27, 2008 2:18am Feb 27, 2008 2:18am
Quoting kotaro-san
FTSE is falling. does it mean the GDP that due will be bad?
Allow 30 min for ftse .. draw lines at high and low of the 1st 30 min. This is the open range.

If it breaks above = bullish , below = bearish
Blogging daily now at www.volume.zone
  • #120
  • Feb 27, 2008 2:21am Feb 27, 2008 2:21am
Hi Malcolm, can you share your MT4 RSI color coded indicator.
Thanks
Alex
Think BIG!
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