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

  • #74,321
  • Apr 21, 2008 9:10pm Apr 21, 2008 9:10pm
Quoting bogus
Cheers, I like yours too.Im going to ride this one down.Stop at 204.83
Get to break even as soon as you feel profitable. (don't know your entry).

It's all about free trading, my brother.
Indicators show the past. Price Action "Indicates" the future.
  • #74,322
  • Apr 21, 2008 9:11pm Apr 21, 2008 9:11pm
Quoting bogus
Lets see how the head and shoulders works out.
i thought on aa H&S the right shoulder couldn't be higher than the left?
  • #74,323
  • Apr 21, 2008 9:12pm Apr 21, 2008 9:12pm
Hey now , this isn't a h&s acordding to koltri




Quoting koltri
It's not a H&S
  • #74,324
  • Apr 21, 2008 9:12pm Apr 21, 2008 9:12pm
Quoting jarroo
Price Action is fun.

ur inside bar technique is spot on as usual, i got in earlier thoug 4hr 5sma retracement trade for 100pips. i also started using it since i learnt it from u. since its asia, im being careful. Also 50% fib and 1hr 100sma acting as support.


pietrs, my 4hr MOM is still pointing down, how is urs up
  • #74,325
  • Apr 21, 2008 9:13pm Apr 21, 2008 9:13pm
True. Entered at 204.2
Quoting jarroo
Get to break even as soon as you feel profitable. (don't know your entry).

It's all about free trading, my brother.
FF journal: Peaks and Troffs
  • #74,326
  • Apr 21, 2008 9:15pm Apr 21, 2008 9:15pm
I've taken a long at 203.50. Another buy stop at 202.60 (4h 50ema and 61.8 fib). Stop at 201.50.
  • #74,327
  • Apr 21, 2008 9:15pm Apr 21, 2008 9:15pm
Quoting ephisi
ur inside bar technique is spot on as usual, i got in earlier thoug 4hr 5sma retracement trade for 100pips.
Excellent, ephhisi.

Lately it's been Inside Bars that have been working out. But I look for all of Price Action. Double Bar High Lower Close, Double Bar Low Higher Close, etc.
Indicators show the past. Price Action "Indicates" the future.
  • #74,328
  • Apr 21, 2008 9:22pm Apr 21, 2008 9:22pm
Quoting jarroo
Excellent, ephhisi.

Lately it's been Inside Bars that have been working out. But I look for all of Price Action. Double Bar High Lower Close, Double Bar Low Higher Close, etc.

i remember all those, but i use them only for confirmation and entry after i get my short signal.i Read d james 16 as u adviced. i noticed u disappeared for a while, spent most of ur time on james 16
  • #74,329
  • Apr 21, 2008 9:28pm Apr 21, 2008 9:28pm
Quoting ephisi
i remember all those, but i use them only for confirmation and entry after i get my short signal.i Read d james 16 as u adviced. i noticed u disappeared for a while, spent most of ur time on james 16
Yeah, I check out James16 Chart Thread daily. A lot of good traders in there. I learned a lot from them. But by far the best way of learning is by doing. Just like tonight.
Indicators show the past. Price Action "Indicates" the future.
  • #74,330
  • Apr 21, 2008 9:37pm Apr 21, 2008 9:37pm
Quoting Piters
If we are looking for clues:

http://www.doske.com/fx/ew-84.png


The white circles are FULL MOONS... just watch the Price .... You better to talk with someone Gann Specialist
Ahuuuuuuuuuuuhhhh........

nice one...Orion is my buddy we can kid each other .....

ps gann works for some but fibs work better IMO
  • #74,331
  • Apr 21, 2008 9:46pm Apr 21, 2008 9:46pm
Quoting jarroo
Anyone take the short at the bottom of the 4 hour Inside Bar (candle) at 204.22? I did.

S/L at top of IB at 204.85

I did not trade but my system would have got me in at 204.44 on a 5 min chart.

For day trading i am not really sure how one can use a 4 hour candle for entry , but it seems to work well for you.

A buddy of mine told me about this inside bar system on the weekend. he was very excited about it.
Blogging daily now at www.volume.zone
  • #74,332
  • Apr 21, 2008 9:48pm Apr 21, 2008 9:48pm
Quoting $teve
I've taken a long at 203.50. Another buy stop at 202.60 (4h 50ema and 61.8 fib). Stop at 201.50.

In all time frames to 4hr, price below gann, MACD below zero, momentums below zero, QQE crossed down, stochastics pointed down, day stochastic looks like its about to tank.

Are you taking a long based just on the 50% retracement? Wouldn't it be more prudent to wait on a stronger buy signal?
  • #74,333
  • Apr 21, 2008 9:53pm Apr 21, 2008 9:53pm
Quoting malcolmb14
I did not trade but my system would have got me in at 204.44 on a 5 min chart.

For day trading i am not really sure how one can use a 4 hour candle for entry , but it seems to work well for you.

A buddy of mine told me about this inside bar system on the weekend. he was very excited about it.
Higher time frames work the best for me. They give more weight to TA in my book.
Being able to work on the 5 min must have taken a lot of practise and feel on your part, malcomb. I admire your discipline.
Indicators show the past. Price Action "Indicates" the future.
  • #74,334
  • Apr 21, 2008 9:58pm Apr 21, 2008 9:58pm
Quoting GodfreyH
In all time frames to 4hr, price below gann, MACD below zero, momentums below zero, QQE crossed down, stochastics pointed down, day stochastic looks like its about to tank.

Are you taking a long based just on the 50% retracement? Wouldn't it be more prudent to wait on a stronger buy signal?
Not to mention Asian stocks tanking
Patience + Humility + Study = Success
  • #74,335
  • Apr 21, 2008 10:02pm Apr 21, 2008 10:02pm
Hello Godfrey,
Looking back at Aus daily MOM strategy, the short signal played out perfectly well. we are currently hovering around daily 5sma close.

Have you looked at d new set up for new daily candle. it seems to be hinting towards a bullish day
  • #74,336
  • Apr 21, 2008 10:07pm Apr 21, 2008 10:07pm
All signals point to 205, sorry typo
Patience + Humility + Study = Success
  • #74,337
  • Apr 21, 2008 10:14pm Apr 21, 2008 10:14pm
Quoting DutchTrader
All signals point to 205, sorry typo
i see a london reversal b4 home sales news
  • #74,338
  • Apr 21, 2008 10:16pm Apr 21, 2008 10:16pm
Quoting ephisi
i see a london reversal b4 home sales news
Possible, then back up if Housing is great or continuum of the lows ,etc.
Patience + Humility + Study = Success
  • #74,339
  • Apr 21, 2008 10:16pm Apr 21, 2008 10:16pm
Quoting ephisi
Hello Godfrey,
Looking back at Aus daily MOM strategy, the short signal played out perfectly well. we are currently hovering around daily 5sma close.

Have you looked at d new set up for new daily candle. it seems to be hinting towards a bullish day

Unfortunately I didn't catch the momentums at the start of the day, but what I see suggests a possible retrace to the daily 5-sma high, about 205.50, and then a further fall.

I don't usually trade momentums beyond the shorter time frames. Sharoodi could give you a better analysis.
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  • #74,340
  • Apr 21, 2008 10:21pm Apr 21, 2008 10:21pm
Quoting DutchTrader
Possible, then back up if Housing is great or continuum of the lows ,etc.
when i said reversal i meant, a bullish move during london. if GJ knows everyone wants to sell it, it does d exact opposite. seen it so many times
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