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

  • #65,201
  • Mar 4, 2008 2:46pm Mar 4, 2008 2:46pm
jaroo.... thanks for keeping on posting the price action candlestick patterns i am learning from u... even though i read james 16 a while back... i forgot most of what i tried to learn... u reminded me how importatnt pa is... thanks!



here is uj which was nice one...a perfect DBLHC

i will be studying up on PA cadlesicks appreciate it...keep posting that stuff!

Attached Image (click to enlarge)
Click to Enlarge Name: uj2.gif Size: 15 KB
  • #65,202
  • Mar 4, 2008 2:48pm Mar 4, 2008 2:48pm
Karm, as I said before I am in love with your optimism for Bulls, good thing I share it. Battle with the market is over the load is on my side of the weights!!!

Good going Every one!
  • #65,203
  • Mar 4, 2008 2:48pm Mar 4, 2008 2:48pm
lets c if the top tl holds and we get a second wave down to 204.50 area then a 3 wave up to 206.50 area. i am not as smart as some of you but "mama always said a stupid is a stupid does".
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Click to Enlarge Name: 15min.gif Size: 29 KB
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #65,204
  • Mar 4, 2008 2:52pm Mar 4, 2008 2:52pm
Quoting moneymagnet
"mama always said a stupid is a stupid does".
hahaha that was funny....aside from that, I agree with your thoughts on the trendline holding and a retest of the mid 204's before moving upwards again.
I dream, therefore I become.
  • #65,205
  • Mar 4, 2008 2:53pm Mar 4, 2008 2:53pm
Quoting dagoods
jaroo.... thanks for keeping on posting the price action candlestick patterns i am learning from u... even though i read james 16 a while back... i forgot most of what i tried to learn... u reminded me how importatnt pa is... thanks!



here is uj which was nice one...a perfect DBLHC

i will be studying up on PA cadlesicks appreciate it...keep posting that stuff!

hey dagoods, I see you are interested in PA, so do I. I have found an indicator which works based on Price Action. It alerts you when the patterns occur. It has also a legend at the left to guide you for stars with different colors as the appear on the chart. Besides when you rollover your cursor over the stars, a balloon tells you what the complete name of that pattern is. Try it. It makes the job easier.
Attached File(s)
File Type: mq4 VM_Price_Action_1.1.mq4   22 KB | 442 downloads
Discipline + Patience - Fear - Greed = Success
  • #65,206
  • Mar 4, 2008 2:53pm Mar 4, 2008 2:53pm
My Verdict.....



Game's over and Now time for some chart analysis...

Daily candle looking confused [S/Top]... any clues

karmo, Quecee or any Pip Adventurer?

Thanks guys guys like you keep keep the thread spinnin'
  • #65,207
  • Mar 4, 2008 2:58pm Mar 4, 2008 2:58pm
Quoting dagoods
jaroo.... thanks for keeping on posting the price action candlestick patterns i am learning from u... even though i read james 16 a while back... i forgot most of what i tried to learn... u reminded me how importatnt pa is... thanks!



here is uj which was nice one...a perfect DBLHC

i will be studying up on PA cadlesicks appreciate it...keep posting that stuff!

Nice. The retrace on Price Action on higher time frames can be tricky at times. That's where the all important patience factor comes in. (of which I'm still learning.)

Good Job.
Indicators show the past. Price Action "Indicates" the future.
  • #65,208
  • Mar 4, 2008 3:00pm Mar 4, 2008 3:00pm
if we get a 5 wave up move from this, i am thinking a 2nd wave (hopefully a simple wave) to 204.50 area (may not get that low but u know what i mean) then a 3 wave up to 206.50 area (DR1) then 4th wave down or sideways (generally if 2 wave is simple then 4ht is as well but i am no elliotician) then 5th wave to 50% area or close to it. comments welcomed and appreciated, (btw i will have a partial long position if we get close to 204.50 then i will add rest above 205.80)
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr.gif Size: 17 KB
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #65,209
  • Mar 4, 2008 3:00pm Mar 4, 2008 3:00pm
Quoting arezab
hey dagoods, I see you are interested in PA, so do I. I have found an indicator which works based on Price Action. It alerts you when the patterns occur. It has also a legend at the left to guide you for stars with different colors as the appear on the chart. Besides when you rollover your cursor over the stars, a balloon tells you what the complete name of that pattern is. Try it. It makes the job easier.

i'm allergic to indicators but this one is price action... so this may be the exception

i will strategy test with it for sure..... thanks for posting it
  • #65,210
  • Mar 4, 2008 3:04pm Mar 4, 2008 3:04pm
Quoting arezab
hey dagoods, I see you are interested in PA, so do I. I have found an indicator which works based on Price Action. It alerts you when the patterns occur. It has also a legend at the left to guide you for stars with different colors as the appear on the chart. Besides when you rollover your cursor over the stars, a balloon tells you what the complete name of that pattern is. Try it. It makes the job easier.
I like it because it keeps your mind aware of Price Action. But, always trust your own interpertation of Price Action, not the indictator. It can be misleading as all indicators inherently are.
Indicators show the past. Price Action "Indicates" the future.
  • #65,211
  • Mar 4, 2008 3:14pm Mar 4, 2008 3:14pm
Quoting jarroo
I like it because it keeps your mind aware of Price Action. But, always trust your own interpertation of Price Action, not the indictator. It can be misleading as all indicators inherently are.

dont know about them all being misleading...quecee karmo aus etc. use indicators quite effectively... actually IMWO momentum is about the best indicator out there as far as indicators go.... aus systems are based on momentum and thats y they are effective IMO.... but for me i cant rely on indicators alone as i am not as good as quecee and aus and karm and forexnovice and moneymagnet etc.... those who have been using it for long enough know how to use the indicators ..... nothing against the indicators....I just want to learn PA and s/r better in my personal journey rather than have to rely on indicators alone
to each his own

  • #65,212
  • Mar 4, 2008 3:16pm Mar 4, 2008 3:16pm
Hey guys,
I am pretty new to this forum and would like to say that i think your analysis is pretty darn good!
The best advice is probably Karmo's middle name.
Was just looking at the 4hr Chart and I think GJ could form a third Low around 204 before going long towards that retracement at 38.2 or even 50.
What'd y'all thinkin?
  • #65,213
  • Mar 4, 2008 3:19pm Mar 4, 2008 3:19pm
GY review

Here is the picture of this beast for now.on the Hourly chart, we can see that the price in a small up trend, and keep bouncing from the channel range ( 203.50ish to 206.70ish).So a brake on one of this channel side will be a good opportunity.

On the 4H chart, we can see that this pair is having a retracement.Usually 15EMA ( the blue on the chart) will be a good resistance or even a good signal to take short as the main trend resume.
So master your setup, and your self.Cheers.2 cents
Attached Images
  • #65,214
  • Mar 4, 2008 3:21pm Mar 4, 2008 3:21pm
Quoting moneymagnet
if we get a 5 wave up move from this, i am thinking a 2nd wave (hopefully a simple wave) to 204.50 area (may not get that low but u know what i mean) then a 3 wave up to 206.50 area (DR1) then 4th wave down or sideways (generally if 2 wave is simple then 4ht is as well but i am no elliotician) then 5th wave to 50% area or close to it. comments welcomed and appreciated, (btw i will have a partial long position if we get close to 204.50 then i will add rest above 205.80)

Back to basics
  • #65,215
  • Mar 4, 2008 3:22pm Mar 4, 2008 3:22pm
looks like karms friend moneyAA has been faded, literally!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #65,216
  • Mar 4, 2008 3:26pm Mar 4, 2008 3:26pm
Hey,
http://www.forexfactory.com/customav...tar52492_9.gifarezab
TWYSNWYT
I have been wondering what does "TWYSNWYT"
mean?

My guesses are:
1. Take Wait Stupid Noob...Wait you Turn!
2. Trade What You See Not What You T...?

I'm just curious, I figure it must mean something right? Later.

-Pipimint
Enjoy it while it lasts, then pay for it. Be Grateful.
  • #65,217
  • Mar 4, 2008 3:26pm Mar 4, 2008 3:26pm
Quoting waldmeister
Hey guys,
I am pretty new to this forum and would like to say that i think your analysis is pretty darn good!
The best advice is probably Karmo's middle name.
Was just looking at the 4hr Chart and I think GJ could form a third Low around 204 before going long towards that retracement at 38.2 or even 50.
What'd y'all thinkin?

this is what i think i think quecce has been cleaning up taking all the pis scalping the channel that has been ther on uj and gj for what seems like forever
is it higher highs higher lows oh wait no its lower highs lower low...wait no oops its a channel sheesh lol

y not wait for the break??? unless u r a master like q and some others
right q? lol
Attached Image (click to enlarge)
Click to Enlarge Name: uj2.gif Size: 12 KB
  • #65,218
  • Mar 4, 2008 3:27pm Mar 4, 2008 3:27pm
I go away for a little while and come back to 6 pages of posts. Man! LOL!

Looks like she is setting up for another run north. Target 206.05 (monthly m2). I just got a signal on my chart that this little pull back has no strength and could reverse soon. Waiting for a signal and I will go long.
  • #65,219
  • Mar 4, 2008 3:27pm Mar 4, 2008 3:27pm
Quoting dagoods
dont know about them all being misleading...quecee karmo aus etc. use indicators quite effectively... actually IMWO momentum is about the best indicator out there as far as indicators go.... aus systems are based on momentum and thats y they are effective IMO.... but for me i cant rely on indicators alone as i am not as good as quecee and aus and karm and forexnovice and moneymagnet etc.... those who have been using it for long enough know how to use the indicators ..... nothing against the indicators....I just want to learn PA and s/r better in my personal journey rather than have to rely on indicators alone
to each his own

If you stick with Price Action, S/R levels and higher time frames with practise over time you will blow away any thing that an indicator could provide. Just ask James16.
Indicators show the past. Price Action "Indicates" the future.
  • #65,220
  • Mar 4, 2008 3:29pm Mar 4, 2008 3:29pm
ok I see I think

Trade what you see not what your told?
Enjoy it while it lasts, then pay for it. Be Grateful.
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