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GBPJPY scalpers

  • #341
  • Mar 6, 2008 3:43pm Mar 6, 2008 3:43pm
Quoting PipAV8tor
M,
I just went short at 206.44 as I believe the hourly pivot at 206.50 will give way. Looking to exit at 206, just due to the even number, but I may see if it falls as well. Wish me luck.

I cam in to post saying that the bear flag on the 4 hour chart iso n the verge of a break to the downside.

Once that 205.5 area is broken she is going down.... think 900 - 1000 pips down. That is just my opinion
Blogging daily now at www.volume.zone
  • #342
  • Mar 6, 2008 3:55pm Mar 6, 2008 3:55pm
I went ahead and closed it right as the market closed. Got 22 pips in 15 mins. I'll re-evaluate. Some other pairs are looking good during the Asian session. Thanks
  • #343
  • Mar 6, 2008 4:13pm Mar 6, 2008 4:13pm
I think 204.4 for overnight target , maybe even 203.5

Look at a 4 hour chart. The bear flag has been broken
Blogging daily now at www.volume.zone
  • #344
  • Mar 6, 2008 4:17pm Mar 6, 2008 4:17pm
Lots of resistance at 205.75. I may re-enter after it breaks that.
Also with the US market so down, the Nikkei may follow and that could mean this is a bottom.
I do have the Gann-Hilo cross at 205.85 on my 4 hr. That would make a strong move to cross
  • #345
  • Mar 6, 2008 4:19pm Mar 6, 2008 4:19pm
Seems tough at 206...
History is written by the victors.
  • #346
  • Mar 6, 2008 5:04pm Mar 6, 2008 5:04pm
I could have timed my entry better, but I am back in short from 206.13
I just can't see any bad news out of Japan tonight and they should react to the US news by being stronger tonight. All the large time frames are aimed in one direction and that is south, with an IB on the Daily. Not really a scalp move here, but I do plan to be out by noon tomorrow.
  • #347
  • Mar 6, 2008 5:22pm Mar 6, 2008 5:22pm
you maybe right ....but I don't see it going down on my charts. you guys are much better traders than me, but I see it going above 208. we shall see.

I have really enjoyed this thread. Thanks you guys are good
  • #348
  • Mar 6, 2008 6:11pm Mar 6, 2008 6:11pm
I picked up 33 pips on the move down to 205.94, entered long at 206.38 and still in.
  • #349
  • Mar 6, 2008 6:22pm Mar 6, 2008 6:22pm
5 min chart ... rsi crossed 30 at 14:30 pst , 205.99 high of trigger bar , 206.15 was entry.

Closed 206.8

i did not trade it but that was the rsi 14 crossing 30 trigger that happened this after noon.

A very very easy 65 pips
Blogging daily now at www.volume.zone
  • #350
  • Mar 6, 2008 6:28pm Mar 6, 2008 6:28pm
Here is rsi crossing dowm thru 60 on a 5 min chart. AS I am bearish I will trade these triggers if filled on a 5 min chart . The trade is on the chart , 206.35 entry

Attached Image (click to enlarge)
Click to Enlarge Name: Chart17.JPG Size: 146 KB
Blogging daily now at www.volume.zone
  • #351
  • Mar 6, 2008 7:02pm Mar 6, 2008 7:02pm
Hi Malcolmb,

I think this thread is one of the best thread, this system is simple, easy to follow, and its profitable

I'll join you team, at the moment i only trade the news, was looking for technical system to trade, guess i just found one.

Will update my trades.

Thank you for sharing this system.

Keep up it guys.

Thank you


Quoting malcolmb14
5 min chart ... rsi crossed 30 at 14:30 pst , 205.99 high of trigger bar , 206.15 was entry.

Closed 206.8

i did not trade it but that was the rsi 14 crossing 30 trigger that happened this after noon.

A very very easy 65 pips
  • #352
  • Mar 6, 2008 8:05pm Mar 6, 2008 8:05pm
Quoting moneymate8
Hi Malcolmb,

I think this thread is one of the best thread, this system is simple, easy to follow, and its profitable

I'll join you team, at the moment i only trade the news, was looking for technical system to trade, guess i just found one.

Will update my trades.

Thank you for sharing this system.

Keep up it guys.

Thank you
Thanks for the kind words
Blogging daily now at www.volume.zone
  • #353
  • Mar 6, 2008 9:11pm Mar 6, 2008 9:11pm
Quoting moneymate8
Hi Malcolmb,

I think this thread is one of the best thread, this system is simple, easy to follow, and its profitable

I'll join you team, at the moment i only trade the news, was looking for technical system to trade, guess i just found one.

Will update my trades.

Thank you for sharing this system.

Keep up it guys.

Thank you
Definitely!
History is written by the victors.
  • #354
  • Mar 6, 2008 11:56pm Mar 6, 2008 11:56pm
Hi

Made 30 pips on GBPJPY, Trigger bar 206.77 (Low) - 07032008 0155 gmt +2, 5 minute chart, short at 206.62, TP at 206.32, RSI drop from 70 to 69, hope i did it right?

First papertrade was good

Quoting Money-RX
Definitely!
  • #355
  • Mar 7, 2008 12:06am Mar 7, 2008 12:06am
Hi Malcolmb14

Is there somewhere I can go to learn about your strategy ? Which Indicators you use ? Very interested !

Thank You
  • #356
  • Mar 7, 2008 12:07am Mar 7, 2008 12:07am
Quoting moneymate8
Hi

Made 30 pips on GBPJPY, Trigger bar 206.77 (Low) - 07032008 0155 gmt +2, 5 minute chart, short at 206.62, TP at 206.32, RSI drop from 70 to 69, hope i did it right?

First papertrade was good
Any profitable trade is good.
I took profit @ 206.38 and will short again on retrace up to 206.60s

Currently short @ 206.65
History is written by the victors.
  • #357
  • Mar 7, 2008 12:27am Mar 7, 2008 12:27am
Quoting Togy
Hi Malcolmb14

Is there somewhere I can go to learn about your strategy ? Which Indicators you use ? Very interested !

Thank You
Someone posted rsi rapid trigger EA for MT4 earlier in thread .. I use that , fibs , moving averages , 10,20 and 50 sma and trendlines

That is it
Blogging daily now at www.volume.zone
  • #358
  • Mar 7, 2008 12:36am Mar 7, 2008 12:36am
M,
Nice postings (Auslanco's), I have seen you do what you do and I like the way you think. Mostly because I seem to think the same way, that makes two of us. LOL Lots of ways to make pips. I like to scalp and I like the long term higher time frames. What I don't like to do, is give back and I haven't seen you give any back yet, so I am not giving any back either. :
Take what the beast gives!!!
  • #359
  • Mar 7, 2008 12:40am Mar 7, 2008 12:40am
Just turned on Bloomberg - global markets down all over. British guy saying "Markets will be challenging in the foreseeable future".
History is written by the victors.
  • #360
  • Mar 7, 2008 12:48am Mar 7, 2008 12:48am
I know that is OFF the topic, but have a look @ 1h EURUSD

RSI is screaming

http://www.doske.com/fx/ew-25.png
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