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

  • #78,361
  • May 5, 2008 5:06pm May 5, 2008 5:06pm
Hope all are well.
Don't post much these days.

Got a nice 1H Divergence signal, so went long at 18:00 at 206.58.
If the next 1H bar closes above the Gann, I'll hold her for 207.74, 208.00 and 208.29 areas.

4H gann could hold her down, but we'll just have to wait and see.
  • #78,362
  • May 5, 2008 5:08pm May 5, 2008 5:08pm
May go down a bit more first before up. I want to see how price behaves at the 1h 50 ema. Here is a naked day chart....
Attached Image (click to enlarge)
Click to Enlarge Name: do.GIF Size: 16 KB
Patience + Discipline - Greed = Success
  • #78,363
  • May 5, 2008 6:11pm May 5, 2008 6:11pm
Quoting shakesfx
I think I'll hold and see if we can get above the 1hr Gann HiLo and 55 sma...Might be a bit too optimistic though me thinks
Now at 207.17...above 1hr gann and 5 SMA, if this level holds and manage to get past 55 SMA then 208.25-35 here we come (just my opinion)
  • #78,364
  • May 5, 2008 6:24pm May 5, 2008 6:24pm
Quoting shakesfx
Now at 207.17...above 1hr gann and 5 SMA, if this level holds and manage to get past 55 SMA then 208.25-35 here we come (just my opinion)

UJ start to push down
  • #78,365
  • May 5, 2008 6:27pm May 5, 2008 6:27pm
new daily and 12hr candles and momentoms
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  • #78,366
  • May 5, 2008 6:51pm May 5, 2008 6:51pm
Quoting Infinity
May go down a bit more first before up. I want to see how price behaves at the 1h 50 ema. Here is a naked day chart....
Price bounced off 1h 50 ema lets see if it holds....
Attached Image (click to enlarge)
Click to Enlarge Name: 1d.GIF Size: 20 KB
Patience + Discipline - Greed = Success
  • #78,367
  • May 5, 2008 9:14pm May 5, 2008 9:14pm
Quoting OrionsWay
Not being a critic, but everyone should know, the larger the time frame the more of a crown he wears, plainly put the small timeframe's are the losers. Think of it like day traders as apposed to mutal funds day traders are important to move price BUT they are also the minnow, tight sl's small targets small funding behind them gerenally, mutal fund= big shark week month quater yearly players endless money U are not gonna shake them out, they are the market. So as the day traders move and thrash price around throughout the day ONE thing is for CERTAIN if they are short/long they will have a buy/sell order in effect before the EOD if the dominant order flow i which is the mutal funds is buying they will be adding to that dominant order flow. Or something like that


Also at certain levels attract all TF players these are the causes of evening/morning stars tweezer top/bottom massive hammers, clear decision points and clarity as to whom is playing in the markets
Words of wisdom...
  • #78,368
  • May 5, 2008 9:21pm May 5, 2008 9:21pm
We ranging from 206.5 - 207.20, until London. Anyone else agree?
  • #78,369
  • May 5, 2008 9:26pm May 5, 2008 9:26pm
longs be careful just in case 1hrcandle closes below the gann and confirms, i went short at 207.15 4hr 5sma after candle closed below 4hr gann and
  • #78,370
  • May 5, 2008 9:31pm May 5, 2008 9:31pm
Quoting ephisi
longs be careful just in case 1hrcandle closes below the gann and confirms, i went short at 207.15 4hr 5sma after candle closed below 4hr gann and
Cool .. you see how powerful is the 4 hr 5 sma
Or daily or weekly or monthly .. I must thank Aus for introducing it to us
  • #78,371
  • May 5, 2008 9:37pm May 5, 2008 9:37pm
CLASSIC ranging price action on pivots from session open at 5:00 pm est!!

Price climbs to daily, bounces and heads for M2, bounces and... ?? Break of M2 opens up S1 at 206.00. Return to and break of daily opens up M3 at 207.48.

My feeling for Asia is the mid-points (not shown) between daily and M2 at 206.86 high and M2/ S1 at 206.30ish low. Got no gas. Surprise me tho!
Attached Image
FUBAR...
  • #78,372
  • May 5, 2008 9:44pm May 5, 2008 9:44pm
Quoting mktjong
Cool .. you see how powerful is the 4 hr 5 sma
Or daily or weekly or monthly .. I must thank Aus for introducing it to us
yeah AUS is a genius, i wonder how he cae up with this stuff, honestly i have been predicting GJS ove to d pip jsut coss of qqes and gann.

Thanks AUS, exited my shorts, UJ seems to be suppoeted also seeing some divergence. ill waith for new 4hr candle.

kktong, i loving it
  • #78,373
  • May 5, 2008 9:56pm May 5, 2008 9:56pm
Quoting OrionsWay
Not being a critic, but everyone should know, the larger the time frame the more of a crown he wears, plainly put the small timeframe's are the losers. Think of it like day traders as apposed to mutal funds day traders are important to move price BUT they are also the minnow, tight sl's small targets small funding behind them gerenally, mutal fund= big shark week month quater yearly players endless money U are not gonna shake them out, they are the market. So as the day traders move and thrash price around throughout the day ONE thing is for CERTAIN if they are short/long they will have a buy/sell order in effect before the EOD if the dominant order flow i which is the mutal funds is buying they will be adding to that dominant order flow. Or something like that


Also at certain levels attract all TF players these are the causes of evening/morning stars tweezer top/bottom massive hammers, clear decision points and clarity as to whom is playing in the markets
I trade gj on a 5 min time frame for 3.5 hours per day and grow my account by 15 to 25% month after month. I never risk more than 1% and never have money ' hanging out there' at risk overnight as I sleep.

So which is better??? ... long term with draw downs of 300 - 400 pips or short term where you make 30 - 50 pips per day , with good risk management.

Do not forget that the bulk of the forex moves only happen at certain times of the day , no matter WHO is trading. These time are EURO open and the EURO / US overlap.
Blogging daily now at www.volume.zone
  • #78,374
  • May 5, 2008 10:00pm May 5, 2008 10:00pm
I've 3 Theories about GJ.

A) Daily Chart - This March, It went from 195 to 205 back to 200. Then it went up to almost 210 and may drop to 205 before going to 215.

B) Weekly Chart - September of Last Year - When it went from 220 to 240 then dropped to 210. Which may happen after going from 195 to 215 is reached, and drop to 185.

C) Monthly Chart - Was on Uptrend from 150 to 250 and dropped to 200 (50% retrace), and now could resume uptrend and go up to 350, after few years.

For this Evening I would think it will go to 207.20 and then settle at 207 before London.

Just my thoughts.
  • #78,375
  • May 5, 2008 10:13pm May 5, 2008 10:13pm
Quoting Clouds
I've 3 Theories about GJ.

A) Daily Chart - This March, It went from 195 to 205 back to 200. Then it went up to almost 210 and may drop to 205 before going to 215.

B) Weekly Chart - September of Last Year - When it went from 220 to 240 then dropped to 210. Which may happen after going from 195 to 215 is reached, and drop to 185.

C) Monthly Chart - Was on Uptrend from 150 to 250 and dropped to 200 (50% retrace), and now could resume uptrend and go up to 350, after few years.

For this Evening I would think it will go to 207.20 and then settle at 207 before London.

Just my thoughts.
could you imagine trading each range starting with 5 standard lots and reinvesting 25% of each trade .. not sure how many millions you would have made .....
Blogging daily now at www.volume.zone
  • #78,376
  • May 5, 2008 10:34pm May 5, 2008 10:34pm
hey clouds, you holding any longs currently? london opens at 4 am cst right?
  • #78,377
  • May 5, 2008 10:38pm May 5, 2008 10:38pm
Quoting kstorm88
hey clouds, you holding any longs currently? london opens at 4 am cst right?
2AM
  • #78,378
  • May 5, 2008 10:46pm May 5, 2008 10:46pm
right! i did the timezone thing backward... yeah, sun rises in the east hence their time is earlier than ours. got it 2am. is it worth me getting up to trade that? i need to recoup some of my losses from last week.
  • #78,379
  • May 5, 2008 10:53pm May 5, 2008 10:53pm
Quoting kstorm88
right! i did the timezone thing backward... yeah, sun rises in the east hence their time is earlier than ours. got it 2am. is it worth me getting up to trade that? i need to recoup some of my losses from last week.
In my opinion, London is the only time to trade. New York is like trading with a bunch of crack addicts. Also look at other pairs.
  • #78,380
  • May 5, 2008 11:02pm May 5, 2008 11:02pm
Quoting Clouds
In my opinion, London is the only time to trade. New York is like trading with a bunch of crack addicts. Also look at other pairs.
well currently i only specialize in the g/j so i'm trying to keep things simple and try to learn the manerisms of this pair. (which i difficult) anyway, why do you think it's the only time to trade? just more predictable or what?
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