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GBPJPY scalpers

  • #1,861
  • Apr 1, 2008 7:25pm Apr 1, 2008 7:25pm
Quoting FXStarShip
Malcomb,

how come you didn't answer this question. he asked for your name but you gave the club name and tried to take credit for it. you never did answer his question. You really seem like a phony to me also

Quote:
Originally Posted by PJkiller http://www.forexfactory.com/images/buttons/viewpost.gif
Malcolmb 14 what is you name in tcnet? or club name?

Club name in Tcnet is openrangebreakout. I have not been there for a while as I do not trade stocks anymore , but I pop in once in a while and say hi.

http://www.forexfactory.com/images/buttons/quote.gif

malcolmb14 is my tcnet name
openrangebreakout is the club

simple as that.

Maybe English is not your 1st language.

Another idiot to add to the ignore list ... you are the one from Sunday.
Blogging daily now at www.volume.zone
  • #1,862
  • Apr 1, 2008 7:28pm Apr 1, 2008 7:28pm
Wow ... this has become an interesting thread. Looks like some have lost their pips.

Anyway, I thought the purpose of these threads was to exchange information and learn how to make pips from others. If you don't like what's being exchanged, you simply move to a different thread.

Notwithstanding ... was wondering ... do we just try to scalp this thing while it's in the channel or wait for it to break out -- up or down?
  • #1,863
  • Apr 1, 2008 7:35pm Apr 1, 2008 7:35pm
Quoting malcolmb14
malcolmb14 is my tcnet name
openrangebreakout is the club

simple as that.

Maybe English is not your 1st language.

Another idiot to add to the ignore list ... you are the one from Sunday.

http://www.forexfactory.com/images/icons/icon10.gif
All that is left in FF is just plain garbage. "Cloggie"
  • #1,864
  • Apr 1, 2008 7:35pm Apr 1, 2008 7:35pm
Quoting Carpe_Pipem
Wow ... this has become an interesting thread. Looks like some have lost their pips.

Anyway, I thought the purpose of these threads was to exchange information and learn how to make pips from others. If you don't like what's being exchanged, you simply move to a different thread.

Notwithstanding ... was wondering ... do we just try to scalp this thing while it's in the channel or wait for it to break out -- up or down?
I'm waiting for a breakout, which will probably happen while I'm sleeping. I have set some alarms though.

Malcolm what do you think we will see first, 220 or 190?
  • #1,865
  • Apr 1, 2008 7:37pm Apr 1, 2008 7:37pm
Quoting Carpe_Pipem
Wow ... this has become an interesting thread. Looks like some have lost their pips.

Anyway, I thought the purpose of these threads was to exchange information and learn how to make pips from others. If you don't like what's being exchanged, you simply move to a different thread.

Notwithstanding ... was wondering ... do we just try to scalp this thing while it's in the channel or wait for it to break out -- up or down?
it seems very congested in this 201.50 to 200 range.

The 15 min favours up right now.... just due to the fact that we broke a downward channel and also the 15 min seems to be finding support on its 50 sma.

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #1,866
  • Apr 1, 2008 7:42pm Apr 1, 2008 7:42pm
Quoting sharon_gpl
Hi Malcomb,

Thanks Mal, so where would you short the pair, eur/gbp. Thanks again.
I also have this pair in my radar screen. I would go short if it ever gets to below support @0.7870 .. let's see
  • #1,867
  • Apr 1, 2008 7:45pm Apr 1, 2008 7:45pm
I'm rather seeing this range.
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  • #1,868
  • Apr 1, 2008 7:45pm Apr 1, 2008 7:45pm
Quoting SimonJ
I'm waiting for a breakout, which will probably happen while I'm sleeping. I have set some alarms though.

Malcolm what do you think we will see first, 220 or 190?
Simon here is the 8 hour charts for you

Right now we have broken the 50 sma on the 8 hour ( pink line)

I have also plotted a 1-2-3 buy pattern on there and drawn some fib extensions. The 76.8 was not on the saved chart , but is at 201.94.

If the 76.8 % is broken typically the price likes to test 138% , which is 207.5 zone.

This is an 8 hour chart , so there will be all kinds of movements in between , and with this crazy market anything could happen at any time in regards to news. I use 150 pips stop for swing trades gj .

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #1,869
  • Apr 1, 2008 7:52pm Apr 1, 2008 7:52pm
Quoting malcolmb14
malcolmb14 is my tcnet name
openrangebreakout is the club

simple as that.

Maybe English is not your 1st language.

Another idiot to add to the ignore list ... you are the one from Sunday.
Hello all.

I trade GBPJPY more than other pairs and so keep in touch with most GBPYEN threads on here. Though i dont post much,i i tend to follow most GBPYEN threads to keep be aware of what people think and sometimes some one post intelligent analysis.

Since last couple of days,i saw malcolmB being attacked on a personal basis, i felt i should let people know what i know about him.

I Knew malcolm long before i joined FF on TCnet about an year back. He improvised a method called openrange breakout. while most people in TCnet had private rooms with subscriptions,MalcolmB open a free room called openrange breakout and let people join that room for free. he used to make incredible calls on stocks most of them were live and 90 percent were correct. but he used to day trade and only for fwe hours each day. some experienced guys in TCnet seems to get irritaed with his accurate calls and started creating the same trouble as some seem to be making here.

I understand that making live calls is dangerous sometimes as newbie play with those calls without any money amangement and end up loosing the accounts.but they should be mature enough to curtail their greed and trade responsibly.That doesnt give anyone a reason to lambast successful traders.

I have seen MalcolmB use the RADAR in tradestaion and give very accurate calls on stocks. i feel that his calls in here are also accurate.
Pls note that i have no personal connection with malcolm and we in different parts of the world. so dont think that i have any personal interest vested when i am supporting malcolm. just didnt like people getting attcked on a personal basis and hence this tirade.

Back to trading now.
  • #1,870
  • Apr 1, 2008 7:52pm Apr 1, 2008 7:52pm
Quoting malcolmb14
Simon here is the 8 hour charts for you

Right now we have broken the 50 sma on the 8 hour ( pink line)

I have also plotted a 1-2-3 buy pattern on there and drawn some fib extensions. The 76.8 was not on the saved chart , but is at 201.94.

If the 76.8 % is broken typically the price likes to test 138% , which is 207.5 zone.

This is an 8 hour chart , so there will be all kinds of movements in between , and with this crazy market anything could happen at any time in regards to news. I use 150 pips stop for swing trades gj .

Attachment
So, you just got in long on Geppy, MalcolmB? What is your target then?
Thanks.
  • #1,871
  • Apr 1, 2008 7:57pm Apr 1, 2008 7:57pm
here is a daily of the eurcad showing how those fib extensions work.

See how once it broke 62.8 it used that as support , then once it broke 76.8 it used that as support.

Today we are finding support on the 10 sma on the daily.

Right now on the three hour we have broken the channel and the 50 sma and are resting close to the 23.6 fib retracement at 1.5926.

If we break this I am going short with a target to the downside of 1.5680 (38.2% fib)


Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: eurcad 3hour.jpg Size: 149 KB
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  • #1,872
  • Apr 1, 2008 7:58pm Apr 1, 2008 7:58pm
Quoting sri
Hello all.

I trade GBPJPY more than other pairs and so keep in touch with most GBPYEN threads on here. Though i dont post much,i i tend to follow most GBPYEN threads to keep be aware of what people think and sometimes some one post intelligent analysis.

Since last couple of days,i saw malcolmB being attacked on a personal basis, i felt i should let people know what i know about him.

I Knew malcolm long before i joined FF on TCnet about an year back. He improvised a method called openrange breakout. while most people in TCnet had private rooms with subscriptions,MalcolmB open a free room called openrange breakout and let people join that room for free. he used to make incredible calls on stocks most of them were live and 90 percent were correct. but he used to day trade and only for fwe hours each day. some experienced guys in TCnet seems to get irritaed with his accurate calls and started creating the same trouble as some seem to be making here.

I understand that making live calls is dangerous sometimes as newbie play with those calls without any money amangement and end up loosing the accounts.but they should be mature enough to curtail their greed and trade responsibly.That doesnt give anyone a reason to lambast successful traders.

I have seen MalcolmB use the RADAR in tradestaion and give very accurate calls on stocks. i feel that his calls in here are also accurate.
Pls note that i have no personal connection with malcolm and we in different parts of the world. so dont think that i have any personal interest vested when i am supporting malcolm. just didnt like people getting attcked on a personal basis and hence this tirade.

Back to trading now.
wow a blast from the past ... what was your tcnet name ?
Blogging daily now at www.volume.zone
  • #1,873
  • Apr 1, 2008 8:01pm Apr 1, 2008 8:01pm
Quoting malcolmb14
wow a blast from the past ... what was your tcnet name ?

i will take a cheque too ... how much is it going to be ? lolz ..


Goodbadmas
  • #1,874
  • Apr 1, 2008 8:08pm Apr 1, 2008 8:08pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Can't we all just get along?

Summitfx - I hear what you're saying. I think proof of trades is valid and easy to show.

Malcolmb - I think you're a great trader/scalper. Your fundamental knowledge combined with technical analysis I find really awesome. I haven't come across too many traders on this forum that possess a healthly balance of both (although I am new to this forum and still learning who's good or not). Additionally, he also seems to think "outside the box", which I find interesting.

Can I trade like Malcolmb? I'm still not sure because he takes a lot of things into consideration before his trades. Can I learn from him? Absolutely. Do I take all trades he calls - no way.

Questioning things in Forex is part of the game, so yeah we should question Malcolmb's trades, but it's not right to attack him. He's put a lot of time in posting his charts and sharing his analysis, and I appreciate learning from them.

Sure he's trying to make a little extra coin with his trade room, but what's wrong with that? I'll definitely try out the trade room and if it's useful to me I'll stay. The point is to learn how to fish and not be given a fish. That's what I hope to accomplish with him.

That's all folks! Let's get back to trading. ADP is coming out soon. There's a positive correlation with ADP and NFP numbers right? I'm sure Malcolmb knows.
"Wishful thinking dies hard." Igor T.
  • #1,875
  • Apr 1, 2008 8:12pm Apr 1, 2008 8:12pm
Quoting mktjong
So, you just got in long on Geppy, MalcolmB? What is your target then?
Thanks.
I do not hold overnight

I tend to just trade gj between 4am and 8am pacific , but will hold till later in the afternoon if I manage to get in a good trend like today
Blogging daily now at www.volume.zone
  • #1,876
  • Apr 1, 2008 8:12pm Apr 1, 2008 8:12pm
Quoting malcolmb14
wow a blast from the past ... what was your tcnet name ?
World is small and nice to find u in here, MalcolmB.

BTW, what cheque are u talking about. Surely it will prop up my capital.
check ur PM.

Regards,
  • #1,877
  • Apr 1, 2008 8:15pm Apr 1, 2008 8:15pm
Quoting FxChi
Can't we all just get along?

Summitfx - I hear what you're saying. I think proof of trades is valid and easy to show.

Malcolmb - I think you're a great trader/scalper. Your fundamental knowledge combined with technical analysis I find really awesome. I haven't come across too many traders on this forum that possess a healthly balance of both (although I am new to this forum and still learning who's good or not). Additionally, he also seems to think "outside the box", which I find interesting.

Can I trade like Malcolmb? I'm still not sure because he takes a lot of things into consideration before his trades. Can I learn from him? Absolutely. Do I take all trades he calls - no way.

Questioning things in Forex is part of the game, so yeah we should question Malcolmb's trades, but it's not right to attack him. He's put a lot of time in posting his charts and sharing his analysis, and I appreciate learning from them.

Sure he's trying to make a little extra coin with his trade room, but what's wrong with that? I'll definitely try out the trade room and if it's useful to me I'll stay. The point is to learn how to fish and not be given a fish. That's what I hope to accomplish with him.

That's all folks! Let's get back to trading. ADP is coming out soon. There's a positive correlation with ADP and NFP numbers right? I'm sure Malcolmb knows.

Yes there is a correlation , the ADP typically shows what direction the NFP will go in.

It will be another interesting day tomorrow , ADP and Bernanke talking on the same day.

I wonder if he is going to mention anything about inflation concerns.

I have an upside target on dj about 100 points above where it closed. 12750 , and then see where it goes from there
Blogging daily now at www.volume.zone
  • #1,878
  • Apr 1, 2008 8:23pm Apr 1, 2008 8:23pm
Malcolm thanks for the precise and well presented analysis you always give. Too bad that there are always those jealous types who have nothing good to say but only expose their own insecurities and bad character. Keep up the good work man you rock!http://forexfactory.com/images/icons/icon14.gif
  • #1,879
  • Apr 1, 2008 9:55pm Apr 1, 2008 9:55pm
Just wanted to thank you Malcomb for your in depth analysis and great attitude day after day. Dont sweat the attacks from jealous people, I for one will be looking forward to your trading room.

Regards
Corey
  • #1,880
  • Edited Apr 2, 2008 2:13am Apr 1, 2008 11:39pm | Edited Apr 2, 2008 2:13am
1st let me say.. good call malcolmb.. on the 75 pip short with the 2 pip window

2nd... Malcolmb has said many many times... DO NOT TRY TO CATCH FALLING DAGGERS... and I'm pretty sure that hold true when the market is moving up as well... Trying to pick a TOP OR BOTTOM blindly is very dangerous and should a trader attempt to do this on a live account... he/she should be aware of the risks involved. As they say... U pay for your trading lessons one way or another.. (I prefer to give my money to malcolmb for his expert analysys.. rather than to the markets making dumb trades) BTW: Is there an ETA for your site?

With that said... I am short from 201.50.. SL is 202.20 and TP is 197.60 or so... I am taking a risk.. but here is my analysis and why I feel it is an acceptable risk.

This is my daily chart... notice the purple down trend channel... notice how price falls to touch the bottom channel.. then has a retracement... notice how that retracements high is never broken (thick green line)... although tested many time before the next fall...

Will history repeat itself once again?? Notice the fall down to the bottom on the purple trend channel.. notice the retracement high.. and notice how we have not been able to break it... We may range in this area until we are on the otehr side (TOP) of the purple trend cahnnel before we make our move down... then again.. it could happen any day

I am counting on this resistance point (201.70) continuing to hold as price consolidates for the next movement down.

UPDATE: Price broke through SL and hit 202.55 High... Still see next movement down.
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