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

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

#78,741
May 6, 2008 9:48pm May 6, 2008 9:48pm

Clouds
Joined Apr 2008 | Status: Trader | 7,674 Posts

Quoting DutchTrader

Disliked

PB on the UJ didn't really play out, as the Nikkei went into the crapper. I expect us to move out of these ranges during NY

Ignored

Dow's trend lately has been up. Do you know if Nikkei's trend lately has been up too, or down [edit] nevermind, found it. Up.

#78,742
May 6, 2008 9:53pm May 6, 2008 9:53pm

jarroo
Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts

Quoting DutchTrader

Disliked

Jarroo,

PB on the UJ didn't really play out, as the Nikkei went into the crapper. I expect us to move out of these ranges during NY

Ignored

I wouldn't count it out totally yet. If it broke down passed the PB then "yes" it didn't play out. but until then . . . . we shall see.

Attached Image

Indicators show the past. Price Action "Indicates" the future.

#78,743
May 6, 2008 9:56pm May 6, 2008 9:56pm

jarroo
Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts

Quoting Aad

Disliked

Interesting, I got a period converter at the link below but it didn't work, maybe it's too old...

http://www.forexfactory.com/showthre...512#post265512

Hi Iron-Man, do you use the 5min chart to just plot your fibs?...

Ignored

Here's mine.

Attached File(s)

periodcon.ex4 10 KB | 220 downloads

periodcon.mq4 16 KB | 259 downloads

Indicators show the past. Price Action "Indicates" the future.

#78,744
May 6, 2008 10:00pm May 6, 2008 10:00pm

ephisi
| Membership Revoked | Joined Jun 2007 | 3,782 Posts

[quote=jarroo;1987545]Looks like that DBHLC on the 4 four held up. More interesting is that part of the DBHLC is an Inside Bar.

Now a break of that Inside Bar at the bottom would be with the current trend down. Then it turns into a DBHLC, wow that some pretty good down move confirmation to me.

jaroo, my alpari charting didnt do a DBHLC, Time differenc3e maybe,
can u pls give me an exact definition of an inside bar, cos is eem to be mixing it up a bit, thanks

#78,745
May 6, 2008 10:13pm May 6, 2008 10:13pm

Jerry
| Joined Feb 2008 | Status: karmo's patience teach me | 734 Posts

good morning europe, good evening america..

#78,746
May 6, 2008 10:20pm May 6, 2008 10:20pm

jarroo
Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts

[quote=ephisi;1987563]

Quoting jarroo

Disliked

Looks like that DBHLC on the 4 four held up. More interesting is that part of the DBHLC is an Inside Bar.

Now a break of that Inside Bar at the bottom would be with the current trend down. Then it turns into a DBHLC, wow that some pretty good down move confirmation to me.

jaroo, my alpari charting didnt do a DBHLC, Time differenc3e maybe,
can u pls give me an exact definition of an inside bar, cos is eem to be mixing it up a bit, thanks

Ignored

I have to show you one of my best trades in this example.

The Daily Inside Bar (candle) in green.

An Inside Bar, is a bar that has a lower High and a higher Low then the Prevous Bar (the Bar on the left).

Attached Image

Indicators show the past. Price Action "Indicates" the future.

#78,747
May 6, 2008 10:25pm May 6, 2008 10:25pm

ephisi
| Membership Revoked | Joined Jun 2007 | 3,782 Posts

thanks jim

#78,748
May 6, 2008 10:31pm May 6, 2008 10:31pm

Rustyyy
| Joined Jun 2007 | Status: Keeping my head above the clouds | 814 Posts

[quote=jarroo;1987576]

Quoting ephisi

Disliked

I have to show you one of my best trades in this example.

The Daily Inside Bar (candle) in green.

An Inside Bar, is a bar that has a lower High and a higher Low then the Prevous Bar (the Bar on the left).

Ignored

Thanks for taking the time to explain Jim.

#78,749
May 6, 2008 11:08pm May 6, 2008 11:08pm

ephisi
| Membership Revoked | Joined Jun 2007 | 3,782 Posts

if 1hr candle closes above hourly gann and 4hr candle clears 4hr gann we should se 209 today

#78,750
May 6, 2008 11:12pm May 6, 2008 11:12pm

jarroo
Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts

Quoting ephisi

Disliked

if 1hr candle closes above hourly gann and 4hr candle clears 4hr gann we should se 209 today

Ignored

I'll take 207.12 and 207.60.

Indicators show the past. Price Action "Indicates" the future.

#78,751
May 6, 2008 11:16pm May 6, 2008 11:16pm

kujo17
| Joined Dec 2007 | Status: Wish I had more capital !! ;-) | 1,050 Posts

Quoting ephisi

Disliked

if 1hr candle closes above hourly gann and 4hr candle clears 4hr gann we should se 209 today

Ignored

Hope so, as I'm long from 206.40.

How's it going E ?

4H strats are soooo much easier than scalping.
Alot less screen time ! ;-)

#78,752
May 6, 2008 11:17pm May 6, 2008 11:17pm

Clouds
Joined Apr 2008 | Status: Trader | 7,674 Posts

Could go up to 209.3 and drop to 207.9, based on previous highs and lows. No TA used, just eye balling, 4 HR, (high expectations)

#78,753
May 6, 2008 11:36pm May 6, 2008 11:36pm

ephisi
| Membership Revoked | Joined Jun 2007 | 3,782 Posts

Quoting kujo17

Disliked

Hope so, as I'm long from 206.40.

How's it going E ?

4H strats are soooo much easier than scalping.
Alot less screen time ! ;-)

Ignored

its going cool, i dont regret spending fraustrating number of hours stufying charts daily, its paying off now.

Yeah, 4hr/1hr is great, so easy, allows you plan your trade before time and makes pips time and time

again.

closed my long trade from yesterday at d 4hr gann, and placed a limit order to sell d bouce, @ 206.94 in asia, i missed it by 4pips, was good for 0ver 50pips

i usually had migranes and eyepains trading GJ on 15mins, which was nevr profitable though for me

#78,754
May 6, 2008 11:38pm May 6, 2008 11:38pm

Clouds
Joined Apr 2008 | Status: Trader | 7,674 Posts

Quoting ephisi

Disliked

its going cool, i dont regret spending fraustrating number of hours stufying charts daily, its paying off now.

Yeah, 4hr/1hr is great, so easy, allows you plan your trade before time and makes pips time and time again.

i usually had migranes and eyepains trading GJ on 15mins, which was nevr profitable though for me

Ignored

I think every newbie, used 1 min, 5 min charts, and thought could just buy and sell in matter of minutes. At least I did.

#78,755
May 6, 2008 11:46pm May 6, 2008 11:46pm

Iron-man
Joined Oct 2007 | Status: Proverbs 27:17 | 186 Posts

1 Minute charts by themselves are suicide. But if you start weekly and go down daily, 4hr, 1 hr then 1M is just giving you a microscope view.

Attached Image (click to enlarge)

Click to Enlarge

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Energy and persistence conquer all things! Ben Franklin

#78,756
May 6, 2008 11:50pm May 6, 2008 11:50pm

Clouds
Joined Apr 2008 | Status: Trader | 7,674 Posts

Quoting Iron-man

Disliked

1 Minute charts by themselves are suicide. But if you start weekly and go down daily, 4hr, 1 hr then 1M is just giving you a microscope view.

Ignored

True, good idea for entrees.