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

  • #71,681
  • Apr 2, 2008 9:43pm Apr 2, 2008 9:43pm
Quoting Infinity
I think a clean break and close below the 5ema (currently 202.97)on the 4h chart here will be good for short. If you look at a 4h chart, you will see that since this upmove started, we have not had a close below the 5ema.

On the flip, if this current hour bar goes higher and closes above the previous, I think bulls are in control again for a retest of 204 then possibly 204.5 or higher, as stated earlier by Quecee.

I am on the sides until after helicopter ben and data tomorrow, unless I see something I can't resist in the interim.

Bless
Just curious why do you use 5 ema????
  • #71,682
  • Apr 2, 2008 9:44pm Apr 2, 2008 9:44pm
Quoting Infinity
I don't like those butterfly things.
i never understand those butterflys !! and bats !! that show up ! lol ...

goodbadmas
  • #71,683
  • Apr 2, 2008 9:44pm Apr 2, 2008 9:44pm
Quoting Infinity
I think a clean break and close below the 5ema (currently 202.97)on the 4h chart here will be good for short. If you look at a 4h chart, you will see that since this upmove started, we have not had a close below the 5ema.

On the flip, if this current hour bar goes higher and closes above the previous, I think bulls are in control again for a retest of 204 then possibly 204.5 or higher, as stated earlier by Quecee.

I am on the sides until after helicopter ben and data tomorrow, unless I see something I can't resist in the interim.


Bless
Momentum on my new 4hr candle,daily, 1hr and 30mins pointing downwards.
i usually relong at 4hr 5sma/15min 503mq if New 4hr mom points up. i think 2day will be a down day until news time and 4hr MOM starts pointin up again.

im on sidelines on GJ, confluence of events, ill rather trade UJ or Gu if i see setupq
  • #71,684
  • Apr 2, 2008 9:47pm Apr 2, 2008 9:47pm
MOM
  • #71,685
  • Apr 2, 2008 9:48pm Apr 2, 2008 9:48pm
Quoting ephisi
Momentum on my new 4hr candle,daily, 1hr and 30mins pointing downwards.
i usually relong at 4hr 5sma/15min 503mq if New 4hr mom points up. i think 2day will be a down day until news time and 4hr MOM starts pointin up again.

im on sidelines on GJ, confluence of events, ill rather trade UJ or Gu if i see setupq

where did ur chart go ? i just saw it and hit refresh and its gone now !! wow ! magic

goodbadmas
  • #71,686
  • Apr 2, 2008 9:48pm Apr 2, 2008 9:48pm
Quoting ayour2a
Simonj,pls,can u post this indicator?thanks
http://onix-trade.net/forum/index.ph...opic=373&st=75 Last one.
Allow DLL inputs when you load it in MT4.
  • #71,687
  • Apr 2, 2008 9:50pm Apr 2, 2008 9:50pm
abracadabra
Attached Image (click to enlarge)
Click to Enlarge Name: monthly1u23.gif Size: 98 KB
  • #71,688
  • Apr 2, 2008 9:56pm Apr 2, 2008 9:56pm
Quoting quecee5
Just curious why do you use 5 ema????
It acts as a good support or resistance level for short term trades. Just look at this recent price action.
Attached Image (click to enlarge)
Click to Enlarge Name: 5ema.GIF Size: 27 KB
Patience + Discipline - Greed = Success
  • #71,689
  • Apr 2, 2008 10:00pm Apr 2, 2008 10:00pm
right now it is the 15m 50ema that seems to be holding this up.
Patience + Discipline - Greed = Success
  • #71,690
  • Apr 2, 2008 10:08pm Apr 2, 2008 10:08pm
[quote=Infinity;1934406]It acts as a good support or resistance level for short term trades. Just look at this recent price action.[/quot

i have noticed that 15min,30,1hr or 4hr 5sma is usually d best spot to pull d trigger depending on momentum, i never have drawdowns when im disciplined enuf to wait 4 price to pullback to 5sma, i always regret when i jump d gun.

infinity remember?
  • #71,691
  • Apr 2, 2008 10:09pm Apr 2, 2008 10:09pm
btw, 15min 5oema is exactly 4hr 5sma 90% of d time. most retracements end here
  • #71,692
  • Apr 2, 2008 10:13pm Apr 2, 2008 10:13pm
[quote=ephisi;1934422]
Quoting Infinity
It acts as a good support or resistance level for short term trades. Just look at this recent price action.[/quot

i have noticed that 15min,30,1hr or 4hr 5sma is usually d best spot to pull d trigger depending on momentum, i never have drawdowns when im disciplined enuf to wait 4 price to pullback to 5sma, i always regret when i jump d gun.

infinity remember?
Patience + Discipline - Greed = Success
  • #71,693
  • Apr 2, 2008 10:27pm Apr 2, 2008 10:27pm
another example on GU. its like a magnet
Attached Image
  • #71,694
  • Apr 2, 2008 11:03pm Apr 2, 2008 11:03pm
anyone still short?
Patience + Discipline - Greed = Success
  • #71,695
  • Apr 2, 2008 11:06pm Apr 2, 2008 11:06pm
Quoting Infinity
anyone still short?
yes, for now. ..
  • #71,696
  • Apr 2, 2008 11:09pm Apr 2, 2008 11:09pm
Quoting quecee5
yes, for now. ..
me too...on the gj...
  • #71,697
  • Edited 11:25pm Apr 2, 2008 11:14pm | Edited 11:25pm
Quoting quecee5
yes, for now. ..
I was considering opening a small short at 204 and holding it for a while. I am currently out of all positions.

What's your stop? If you don't mind me asking that is.
Patience + Discipline - Greed = Success
  • #71,698
  • Apr 2, 2008 11:27pm Apr 2, 2008 11:27pm
i got this on my h4 chart, im still waiting to open small short order

http://img383.imageshack.us/img383/5533/gj3kr3.gif
  • #71,699
  • Apr 2, 2008 11:32pm Apr 2, 2008 11:32pm
I took small short at 204 for longer term play. Will hold for a while. Now I sleep.

Bless
Patience + Discipline - Greed = Success
  • #71,700
  • Apr 2, 2008 11:38pm Apr 2, 2008 11:38pm
Does anyone thinks eur/chf is a sell at 1.59. Thanks
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