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

  • #91,801
  • Jun 10, 2008 12:23pm Jun 10, 2008 12:23pm
Quoting lilmoe
i'm sorry guys had to abandon your longs so fast, i guess it's scrat's fault!! shame on u scrat!!
still holding longs. 2nd tp manually closed.
  • #91,802
  • Jun 10, 2008 12:23pm Jun 10, 2008 12:23pm
Quoting lilmoe
don't worry bro. i'm trying to make every pip i know i can make. i lost 850 pips of long signals i had the past 2 weeks waiting for this damn drop that i KNOW should happen. i'm not making the same mistake again. i hope i'm not offending u with my longs

u're talking to a full fledged bear here. i'm sure i'll make 85% of that drop just following my own system. i made terrible mistakes not following it when it was so obvious

i'm an intraday trader after! dow and GJ are climbing higher and higher just as i type this.

if this is going down, i'm sure i will get a short signal just a couple of pips below 209 so i think i'm in good shape.
NP my friend. I am scalping as well the last two days.. more pips definitly. I post my chart because your projected Targets, but I am maybe wrong.. sorry this is what I see, until then scalp on 2min
  • #91,803
  • Jun 10, 2008 12:23pm Jun 10, 2008 12:23pm
Quoting ovaforty
that looks like a nice tool G
  • #91,804
  • Jun 10, 2008 12:24pm Jun 10, 2008 12:24pm
is it possible the yen is weaker than the usd, and the usd is weaker than the gbp, so maybe gbp/usd and gbp/jpy will go up, but i suppose that would mean the gbp/jpy would gain faster
  • #91,805
  • Jun 10, 2008 12:24pm Jun 10, 2008 12:24pm
Quoting lilmoe
scrat, would u call that a fake breakout? seriously, no jokes.
Yes bro .. bulls trap .. just hit sell button, will u?
It has a serious bearish divergence already (look at 4 H chart). It has to play out at some point.
  • #91,806
  • Jun 10, 2008 12:26pm Jun 10, 2008 12:26pm
Quoting pkimnyc
still holding longs. 2nd tp manually closed.

i forgot to mention another rule for my system:

- Karmo shots
  • #91,807
  • Jun 10, 2008 12:26pm Jun 10, 2008 12:26pm
Quoting mktjong
Yes bro .. bulls trap .. just hit sell button, will u?
It has a serious bearish divergence already (look at 4 H chart). It has to play out at some point.
I see Dow is gonna get sell off in the last hours ..
  • #91,808
  • Jun 10, 2008 12:26pm Jun 10, 2008 12:26pm
Quoting mktjong
Yes bro .. bulls trap .. just hit sell button, will u?
It has a serious bearish divergence already (look at 4 H chart). It has to play out at some point.

yea, i would AFTER getting a short signal.
  • #91,809
  • Jun 10, 2008 12:29pm Jun 10, 2008 12:29pm
Quoting lilmoe
i forgot to mention another rule for my system:

- Karmo shots
your system is expensive.

20 pips each shot
  • #91,810
  • Jun 10, 2008 12:29pm Jun 10, 2008 12:29pm
Quoting mktjong
I see Dow is gonna get sell off in the last hours ..
I have very LIGHT buying pressure (+900) cumulative volume delta on the YM..... very light buyng pressure.
Blogging daily now at www.volume.zone
  • #91,811
  • Jun 10, 2008 12:30pm Jun 10, 2008 12:30pm
i dont usually trade during the US open. how well does the gbp/jpy move around this time?
  • #91,812
  • Jun 10, 2008 12:33pm Jun 10, 2008 12:33pm
Quoting malcolmb14
I have very LIGHT buying pressure (+900) cumulative volume delta on the YM..... very light buyng pressure.
What is this mean?
  • #91,813
  • Jun 10, 2008 12:33pm Jun 10, 2008 12:33pm
4H chart? I can see bearish divergence on both 1H and 1D charts, but on 4H chart, what I see is a bullish one. I use MACD (5,13,1)

Quoting mktjong
Yes bro .. bulls trap .. just hit sell button, will u?
It has a serious bearish divergence already (look at 4 H chart). It has to play out at some point.
  • #91,814
  • Jun 10, 2008 12:33pm Jun 10, 2008 12:33pm
well lilmoe, i forgot to mention that i also keep HiLo on my chart and it is a good idea to confirm the trend line break with a HiLo "break".
so technically that was a fake breakout, yes.

p.s. oh and don't forget about oscillators, they should cross 0 (or 50) at the same time (or at least be very close to 0). i use macd histogram, it seems to be quite sensitive for this kind of thing.

Quoting lilmoe
scrat, would u call that a fake breakout? seriously, no jokes.
Nihil Sine Deo.
  • #91,815
  • Edited 12:35pm Jun 10, 2008 12:34pm | Edited 12:35pm
Quoting rogerdoger
i dont usually trade during the US open. how well does the gbp/jpy move around this time?
Ever play ping-pong ?
I have been saying for almost a year now don't trade the US session. But I rarely listen to myself anymore.

Seriously though probably the worst session to trade after 12:00 noon EST.

Good with London in the mix though.

JMVHO

Edit; Last hour of Dow can be good and any Wed from 4:45 est to 5:15 est.
  • #91,816
  • Jun 10, 2008 12:37pm Jun 10, 2008 12:37pm
Quoting malcolmb14
I have very LIGHT buying pressure (+900) cumulative volume delta on the YM..... very light buyng pressure.
Hello Malcomb,

Did you close your cable longs? I got some of the bear pips and have now reversed long @ 1.9520 with a stop under 1.9460. I am looking for 100 pips north first, then I will see how price reacts there....Has your outlook changed on this pair or are you still targeting 2.00?
Patience + Discipline - Greed = Success
  • #91,817
  • Jun 10, 2008 12:41pm Jun 10, 2008 12:41pm
Quoting blondy101
i really don't see it yet (at least for now)
nice little head and shoulder forming on your chart blondy
  • #91,818
  • Jun 10, 2008 12:41pm Jun 10, 2008 12:41pm
While we're waiting for Wave 5 check out the Aussie if you haven't already.
Money & Pain Respect the market, protect your capital, be patient
  • #91,819
  • Jun 10, 2008 12:43pm Jun 10, 2008 12:43pm
It is just as stubborn as scrat .. opss sorry .. stone
Very very fishy .. can u smell it? I can't .. no fish on my table ..
  • #91,820
  • Jun 10, 2008 12:44pm Jun 10, 2008 12:44pm
short yen also now 7.39 target 4.50
"Millionaires don't use astrology, billionaires do"
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