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

  • #80,721
  • May 13, 2008 4:08pm May 13, 2008 4:08pm
Hello all,
I'm still waiting for yesterdays fractal trade to finish up @ 204.46 skunny style. We have yet another fractal trade in skunny style that is also hinting a run to the north, with that target @ 204.85. I have limit orders in starting a little above the 100 fib level because I hate waiting for the inner fib retraces to finish. Just my 2 pips.

Scotty B
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  • #80,722
  • May 13, 2008 4:08pm May 13, 2008 4:08pm
Quoting lilmoe
yea, got a bunch, some at 203.91 and some at 204.10

i'm going to lock in some at 203.15 (daily pivot)
  • #80,723
  • May 13, 2008 4:09pm May 13, 2008 4:09pm
Quoting LeoBond
Karm, can you tell what settings are you using on the momentum?
Period: 10
Close

I use that only and most of the time it's pretty accurate, but don't trade solely based on it!
Trade what you see, not what you think.
  • #80,724
  • May 13, 2008 4:11pm May 13, 2008 4:11pm
Quoting karmostaji
for now 203.10 is good, but if in 30 mins the new daily momentum is extremely bearish then atleast 200
and new daily mom is bearish so 1st target 202.50 and then 200

remember, this is the beast and it can do what it wishes, trade at your own risk!
Trade what you see, not what you think.
  • #80,725
  • May 13, 2008 4:14pm May 13, 2008 4:14pm
Quoting khaled22
thanks so much Karm, but how you know in 30 min daily mamentum is bearish, i miss this trick, can you explain more i wait you PM.
THANKS
I don't know how to explain this, I've been following this indicator since auslanco first introduced it to us, and I've noticed that there are certain patterns that occur, sometimes I can tell what the next mom might be by looking at how steep the current one is, you just got to follow it for months and learn it, it comes with experience but the momentum does work well with QQE and the gann hilo
Trade what you see, not what you think.
  • #80,726
  • May 13, 2008 4:16pm May 13, 2008 4:16pm
Quoting karmostaji
and new daily mom is bearish so 1st target 202.50 and then 200

remember, this is the beast and it can do what it wishes, trade at your own risk!
Seems in that kind of mood tonight. Not wanting to go down an inch.
  • #80,727
  • May 13, 2008 4:17pm May 13, 2008 4:17pm
hey scotty, where ya been man? do u have a first job?


Quoting Scotty B
Hello all,
I'm still waiting for yesterdays fractal trade to finish up @ 204.46 skunny style. We have yet another fractal trade in skunny style that is also hinting a run to the north, with that target @ 204.85. I have limit orders in starting a little above the 100 fib level because I hate waiting for the inner fib retraces to finish. Just my 2 pips.

Scotty B
  • #80,728
  • May 13, 2008 4:19pm May 13, 2008 4:19pm
Quoting lilmoe
hey scotty, where ya been man? do u have a first job?
Yeah,
Me and my wife run a coffee shop, so that takes up a lot of our time. I trade when I can though.
  • #80,729
  • May 13, 2008 4:25pm May 13, 2008 4:25pm
This is just a larger trade that is still working on hitting it's upper targets. This is also a skunny style trade.
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  • #80,730
  • May 13, 2008 4:26pm May 13, 2008 4:26pm
http://www.luton-karate.co.uk/Main/P...ohn%20Kick.jpg
  • #80,731
  • May 13, 2008 4:29pm May 13, 2008 4:29pm
that's nice

i would ultimately love to do that (run a place with my wife) only when i'm retired, hehehe. it's not that i think u're old kidding.

anyway. about ur trade. i think u need a 30min candle at least to close above 204.06 where i have an fibo expansion 50.0 right there. theres something wrong with my trader and it wont save a chart, it will hang for some reason. try to draw a fibo expansion from today's low to the first high we made at 203.93 then back down to 202.87 (plus place another fibo level 50.0 and 78.6 on that expansion)

u'd see that if we first close above 204.06 then 203.35 is the next target. however a close above 204.06 was not achieved, not even on a 5 minute chart level. so i'm not sure if it's a good trade right now. mind sharing ur thoughts?

Quoting Scotty B
Yeah,
Me and my wife run a coffee shop, so that takes up a lot of our time. I trade when I can though.
  • #80,732
  • May 13, 2008 4:34pm May 13, 2008 4:34pm
FE 50 at 204.06
FE 61.8 at 204.35
FE 78.6 at 204.76
FE (and ultimately tough) at 205.28

i was planning on closing my shorts IF we have had a closing above 61.8 at 204.35 and going long to 205.28... but shorts are looking way better now.
Quoting lilmoe
that's nice

i would ultimately love to do that (run a place with my wife) only when i'm retired, hehehe. it's not that i think u're old kidding.

anyway. about ur trade. i think u need a 30min candle at least to close above 204.06 where i have an fibo expansion 50.0 right there. theres something wrong with my trader and it wont save a chart, it will hang for some reason. try to draw a fibo expansion from today's low to the first high we made at 203.93 then back down to 202.87 (plus place another fibo level 50.0 and 78.6 on that expansion)

u'd see that if we first close above 204.06 then 203.35 is the next target. however a close above 204.06 was not achieved, not even on a 5 minute chart level. so i'm not sure if it's a good trade right now. mind sharing ur thoughts?
  • #80,733
  • May 13, 2008 4:39pm May 13, 2008 4:39pm
Thank you! :nerd:


Quoting karmostaji
Period: 10
Close

I use that only and most of the time it's pretty accurate, but don't trade solely based on it!
  • #80,734
  • May 13, 2008 4:48pm May 13, 2008 4:48pm
I Think We Will See Uj At ~ 103 Tommo , So Gj May @ 201
Any Comment
  • #80,735
  • May 13, 2008 4:57pm May 13, 2008 4:57pm
Quoting khaled22
I Think We Will See Uj At ~ 103 Tommo , So Gj May @ 201
Any Comment
Maybe so. How you get that? I imagined 104.25.
  • #80,736
  • May 13, 2008 5:10pm May 13, 2008 5:10pm
Quoting lilmoe
FE 50 at 204.06
FE 61.8 at 204.35
FE 78.6 at 204.76
FE (and ultimately tough) at 205.28

i was planning on closing my shorts IF we have had a closing above 61.8 at 204.35 and going long to 205.28... but shorts are looking way better now.
Sorry for the delay in responding... I am simply trading off of the principle of the skunny breach, where when the 0 or 100 lines are broken, thats the direction the trade will go. When the exts are not met the price ussually retreats to the inner fib levels, thats what happened last night. So if price falls I believe it will stay in range and eventually hit it's upper targets.
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  • #80,737
  • May 13, 2008 5:15pm May 13, 2008 5:15pm
Quoting Clouds
Maybe so. How you get that? I imagined 104.25.
from QQE , momentum and stoch in 1H AND 4H time fram
  • #80,738
  • May 13, 2008 5:20pm May 13, 2008 5:20pm
i c, thanks!

Quoting Scotty B
Sorry for the delay in responding... I am simply trading off of the principle of the skunny breach, where when the 0 or 100 lines are broken, thats the direction the trade will go. When the exts are not met the price ussually retreats to the inner fib levels, thats what happened last night. So if price falls I believe it will stay in range and eventually hit it's upper targets.
  • #80,739
  • May 13, 2008 5:20pm May 13, 2008 5:20pm
Quoting khaled22
from QQE , momentum and stoch in 1H AND 4H time fram
I see. I was thinking 104.25 because it's 50% of today's move up, and UJ did 50% yesterday. But who knows, it may not retrace, and just stay flat until it moves up
  • #80,740
  • May 13, 2008 5:26pm May 13, 2008 5:26pm
Afternoon everyone,

I am sure glad I closed that short when I did heh.

I opened a short position again @ 203.67 as the last 4Hr bar stalled out at the EMA150, EMA 62 and my PPZ sitting arround 203.70.

Looks like Karm is still calling winners here.
Que
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