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

  • #83,461
  • May 22, 2008 6:31am May 22, 2008 6:31am
Quoting shakesfx
CCI double peak at 297, prices cannot sustain in this area for too long.
Slow Stochs at 102, cannot hold in this area too long also.

Each time CCI is above 250, we can expect it to drop back, and with the drop back price will retrace either for us to a.) enter at a better price or b.) continue to hold Shorts if we think it's going further South.

This is what I call a BS move, and it's only function is for a better Short price.

Of course I could be wrong bro, I'm undecided in direction at the moment and this market is full of surprises.

Can the bulls regard the move to mid 202 as BS move? what was geppy's CCI when it was at 202.70?
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #83,462
  • May 22, 2008 6:31am May 22, 2008 6:31am
bubububu



Quoting karmostaji
lmfao @ shorts

the whole damn thread was short yesterday, ahahaha
  • #83,463
  • May 22, 2008 6:34am May 22, 2008 6:34am
Quoting WarrenBuffet
Can the bulls regard the move to mid 202 as BS move? what was geppy's CCI when it was at 202.70?

CCI at 202.70 was maxed out in oversold area at -168, also, we have rebounded from there to here, and here is maxed out. So I expect a fall back.

This move is just manipulation me thinks...time will tell.
  • #83,464
  • May 22, 2008 6:35am May 22, 2008 6:35am
Quoting karmostaji
lmfao @ shorts

the whole damn thread was short yesterday, ahahaha
And today
  • #83,465
  • May 22, 2008 6:36am May 22, 2008 6:36am
Quoting karmostaji
lmfao @ shorts

the whole damn thread was short yesterday, ahahaha
Time to strip parts off the Lamborgini ..

  • #83,466
  • May 22, 2008 6:39am May 22, 2008 6:39am
Quoting lilmoe
bubububu

yes yes bubububu now)
  • #83,467
  • May 22, 2008 6:41am May 22, 2008 6:41am
Quoting karmostaji
lmfao @ shorts

the whole damn thread was short yesterday, ahahaha
Hi Karmo, well done on your Long bro. What is your direction now your TP's have been hit? You still thinking Long?
  • #83,468
  • May 22, 2008 6:45am May 22, 2008 6:45am
Much appreciated.

Just clarifying... You buy or sell in the direction of the 2-3 day trend hoping that it bounces off the pivot and continues with the trend (with a smallish SL)

Also the m30 strategy..is it buy on the high and sell on the low of the london open m30 candle?

Quoting lilmoe
hey there. i use daily, weekly, and monthly pivots for both GJ and UJ. i love it when one of them is reach OB or OS levels while approaching those levels, and i do trade based on that (sometimes). and usually the turn out to be really good.

now about that strategy. i didn't learn it from anywhere. it's basically personal observation on cable. i've been trading cable for a long time now (3 years maybe)

when cable's on a short term uptrend or downtrend, and when i say short term i mean for the last 2-3 days. you buy or short when the price touches or at least gets really near to the daily pivot. u set ur first TP at 25 - 40 pips (u'll know by experience where to set ur first TP) and the second u leave it for 75 pips at least with a B/E SL when the first tp is reached..
cable respects pivots more than GJ, and they are usually very tough to breach.

u can mix that method with my m30 strategy on cable and it will work like a charm for ya, that's how it works for me. hope u do well on it.
  • #83,469
  • May 22, 2008 6:46am May 22, 2008 6:46am
Quoting shakesfx
Hi Karmo, well done on your Long bro. What is your direction now your TP's have been hit? You still thinking Long?
if the 4h candle closes here (15 mins to go), then next TP area 205.50 and 206.40
Trade what you see, not what you think.
  • #83,470
  • May 22, 2008 6:46am May 22, 2008 6:46am
Quoting karmostaji
lmfao @ shorts

the whole damn thread was short yesterday, ahahaha
Not the whole thread my friend.

But, geez, what is any different from this week, than last ?

Or today than yesterday. Ranging market between 2 S/R levels.

Used to enjoy your unbiased analysis .......
  • #83,471
  • May 22, 2008 6:50am May 22, 2008 6:50am
Quoting alearner
Much appreciated.

Just clarifying... You buy or sell in the direction of the 2-3 day trend hoping that it bounces off the pivot and continues with the trend (with a smallish SL)

Also the m30 strategy..is it buy on the high and sell on the low of the london open m30 candle?

correct about pivot bounce.
i described my m30 strategy several times now, it should back in the thread. i confirm my move with the m30 and i add more longs/shorts accordingly. it works 80% of the time.
  • #83,472
  • May 22, 2008 6:51am May 22, 2008 6:51am
my buy limits if we dont cross qqe60
103.09 & 203.85
let see im so bububub now
  • #83,473
  • May 22, 2008 6:53am May 22, 2008 6:53am
Quoting Jerry
yes yes bubububu now)
lol, yea whats up jerry.

i think karmo takes lots of things personal, he needs to relax a bit.
  • #83,474
  • May 22, 2008 6:55am May 22, 2008 6:55am
Bears are in danger when equity markets are so bearish....I can't bear this
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #83,475
  • May 22, 2008 6:56am May 22, 2008 6:56am
Trade what you see, not what you think.
  • #83,476
  • May 22, 2008 6:56am May 22, 2008 6:56am
Quoting WarrenBuffet
Bears are in danger when equity markets are so bearish....I can't bear this
Blame OIL ..
  • #83,477
  • May 22, 2008 7:02am May 22, 2008 7:02am
can u bear this?
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #83,478
  • Edited 7:20am May 22, 2008 7:04am | Edited 7:20am
last week's high has just been broken.
i was just checking the weekly averages, and i found out that we only have a ~250 pip range this week (between high and low) while the usual goes for about 650 (690 for previous 5 weeks, 714 for previous 10 weeks and so on).
statistically, we should see about 400 pips more beyond this week's high or low. this leaves us with 2 scenarios:
1) IF the main move of the week stays the same - as it is now, UP - then a decent target would be at 209 area.
2) IF g-j drops like a rock and today's high remains as the week's high, then subtract 650 from today's high and this would be the target; now, IF we assume that we have a high in place at 205, a potential target for lows would be 198.50... IF.

p.s. as i was writing, i realize that last week we also had a tight range and it was only 481 pips. even if this is the case for current week, it would still bring us 207.50 area... or 200.50. give or take a couple of pips.
Nihil Sine Deo.
  • #83,479
  • May 22, 2008 7:04am May 22, 2008 7:04am
Quoting WarrenBuffet
can u bear this?
if you have balls
  • #83,480
  • May 22, 2008 7:05am May 22, 2008 7:05am
Quoting Scrat
last week's high has just been broken.

yea, by 3 pips
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