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GBPJPY scalpers

  • #121
  • Feb 27, 2008 12:26am Feb 27, 2008 12:26am
Quoting 1ADB
Hi Malcolm, can you share your MT4 RSI color coded indicator.
Thanks
Alex
It is esignal code and locked by them .. comes standard as part of their software
Blogging daily now at www.volume.zone
  • #122
  • Feb 27, 2008 12:31am Feb 27, 2008 12:31am
Tahnks
Think BIG!
  • #123
  • Feb 27, 2008 5:08am Feb 27, 2008 5:08am
Have a look, entry and axit @ 50ema of RSI14... try it...

http://doske.com/fx/snapshot-7.png

http://doske.com/fx/snapshot-6.png
  • #124
  • Feb 27, 2008 5:16am Feb 27, 2008 5:16am
you mean when 50ema on RSI 14 is crossing up that is BUY and when crossing down SELL. am i right? thanks
Quoting Piters
Have a look, entry and axit @ 50ema of RSI14... try it...

http://doske.com/fx/snapshot-7.png

http://doske.com/fx/snapshot-6.png
  • #125
  • Feb 27, 2008 5:21am Feb 27, 2008 5:21am
Yes, but it is still in testing period.

Most of the time 50ema is on lvl 50@RSI, but as you can see there is a times when she goes up to 60 and down to 40.

Need little bit more testing.

Malcolm, what do you think ??


cheers///
  • #126
  • Feb 27, 2008 5:58am Feb 27, 2008 5:58am
Nice move this morning Pitter on all GBP- related crosses. Did you manage to trade the move? It almost caught me unawares.


Quoting Piters
Have a look, entry and axit @ 50ema of RSI14... try it...

http://doske.com/fx/snapshot-7.png

http://doske.com/fx/snapshot-6.png
  • #127
  • Feb 27, 2008 6:07am Feb 27, 2008 6:07am
only the last one..

plenty for 2day..
  • #128
  • Feb 27, 2008 6:09am Feb 27, 2008 6:09am
Quoting Piters
Yes, but it is still in testing period.

Most of the time 50ema is on lvl 50@RSI, but as you can see there is a times when she goes up to 60 and down to 40.

Need little bit more testing.

Malcolm, what do you think ??


cheers///

Not a bad idea , but instead of using 50ema of the rsi use levels of 40 and 60 as pivots (cross down thru 60 go short 15pips lower than the low of the trigger bar) opposite for longs on cross above 40.

Nice move last night. I got caught on wrong side of trade ... but had stop at break even... so no major damage done.

Waiting for fed speach and hone sales at 7am pacific
Blogging daily now at www.volume.zone
  • #129
  • Feb 27, 2008 6:15am Feb 27, 2008 6:15am
Sometimes off a 5min you can catch huge moves with the rsi method i have been dicussing in this thread.

Here is a 5 min from last night ... sell trigger low as rsi14 crossed down out of 70 was 212.99 , entry 212.84. We had a long trigger ( green zone) but no entry yet.

So if you had of entered short you would still be in.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy4.png Size: 183 KB
Blogging daily now at www.volume.zone
  • #130
  • Feb 27, 2008 6:16am Feb 27, 2008 6:16am
I waited for the news to come out, watched cable also pull back to its 50% retrace and then took this sell for a clean "hit and run" 20 pips http://www.forexfactory.com/images/icons/icon7.gif
Attached Image (click to enlarge)
Click to Enlarge Name: feb 27 gj 1m 1410.gif Size: 17 KB
Trading Levels with WRBs
  • #131
  • Feb 27, 2008 6:22am Feb 27, 2008 6:22am
Quoting kotaro-san
malcolmb14,

where to look for nasdaq and other market charts?

kotaro...

Try the link from Navigator on page 3 post #44 of this thread...great source for free MT4 futures charts...Thanks Navigator.


Regards,
Venture out and Thrive where there is no Supervision... R.L
  • #132
  • Edited 7:37am Feb 27, 2008 7:24am | Edited 7:37am
My chart, it is time for collect little bit of long Pips

------------------------------------------------------
and... NEVER TRADE DURING THE NEWS..
------------------------------------------------------

http://doske.com/fx/snapshot-8.png
  • #133
  • Feb 27, 2008 7:35am Feb 27, 2008 7:35am
Not trading GBPJPY today. Letting the crazyness of last night settle down.

I am focused on the dj-30 index today.
Blogging daily now at www.volume.zone
  • #134
  • Feb 27, 2008 7:55am Feb 27, 2008 7:55am
In @ 211.30 OUT 211.85 ............... ( you do the MATH)

The crazyness sometimes WORKS ... just practicing your system...

Cheers

http://doske.com/fx/snapshot-10.png
  • #135
  • Feb 27, 2008 8:10am Feb 27, 2008 8:10am
There might be a short coming in gbpjpy

DJ coming down off the high of day yesterday . I closed for 100 pip profit on the index.


Watch for drop of the rsi 14 down thru 60.... an entry under the 50 sma would be good at this point.

Remember entry is 15 pips lower than the sell trigger bar.



Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 177 KB
Blogging daily now at www.volume.zone
  • #136
  • Feb 27, 2008 8:15am Feb 27, 2008 8:15am
Open range for US markets on GBPJPY is 211.30 high , 210.88 low.

It broke the open rnage high at 211.3 .... only 70 pips.

The entry would be the restet on that doji at about 7:30 pacific

Red lines on the the chart are open range high and low.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 175 KB
Blogging daily now at www.volume.zone
  • #137
  • Feb 27, 2008 8:36am Feb 27, 2008 8:36am
Quoting Piters
In @ 211.30 OUT 211.85 ............... ( you do the MATH)

The crazyness sometimes WORKS ... just practicing your system...

Cheers

http://doske.com/fx/snapshot-10.png
Nice trade ..I am good at math or so another trader in this thread told me
Blogging daily now at www.volume.zone
  • #138
  • Feb 27, 2008 10:51am Feb 27, 2008 10:51am
Short trigger low on rsi crossing down thru 70 = 211.72 , entry is 211.57 ,

Also under the 50 sma on the 5 min , target 211.2 for now ( Open range high)

Attached Image (click to enlarge)
Click to Enlarge Name: Chart1.JPG Size: 152 KB
Blogging daily now at www.volume.zone
  • #139
  • Feb 27, 2008 11:22am Feb 27, 2008 11:22am
Quoting malcolmb14
Short trigger low on rsi crossing down thru 70 = 211.72 , entry is 211.57 ,

Also under the 50 sma on the 5 min , target 211.2 for now ( Open range high)

Attachment
Moving stop to break even .. new target 211.8
Blogging daily now at www.volume.zone
  • #140
  • Feb 27, 2008 11:22am Feb 27, 2008 11:22am
I saw the post too late to catch it, but it is doing just what you said.
Was the market drop part of your call?
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