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

  • #93,501
  • Jun 13, 2008 2:06pm Jun 13, 2008 2:06pm
Quoting mktjong
How about if the G8's comment would be: "Yen is currently undervalued and US budget defisit is in concern .."
Bhahaaaha .. we would see >200 pips gap down ..
nope. buy the rumor sell the fact. G8 impact on the currencies has had little effect over the years. Their communique wont mention currencies, except the usual. There wont be anything new that has not been said before.
  • #93,502
  • Jun 13, 2008 2:10pm Jun 13, 2008 2:10pm
the selling ahs already started taking place on a rising market, its only a matter of when do they fully commit, maybe beginning of next week maybe next

Yen sold off from its hi today and never put positions back on in a rising market, only time now
"Millionaires don't use astrology, billionaires do"
  • #93,503
  • Jun 13, 2008 2:16pm Jun 13, 2008 2:16pm
Quoting ovaforty
For newbies only:

Trading indicators will lose in the long run.

Trade price action, with fibs, and moving averages. Study candlestick patterns, learn to recognize them, and interpret what your chart is telling you.

Watch the price action in relation to the 5 sma channel. Simply put, above the 5 sma channel is bullish. Below the 5 sma channel is bearish.



Keep it simple and steady, and discipline yourself to trade the chart and not your opinions, or the news.


i know, i know, it's for newbies, not me.

but seriously, what would u call a moving average, isn't that an indicator?
  • #93,504
  • Jun 13, 2008 2:16pm Jun 13, 2008 2:16pm
I WISH A VERY HAPPY FATHERS DAY TO ALL MY MENTORS HERE ON FF AND TO ALL THE NEWBIES ALSO AND TO THE GUESS EVERY BODY HAVE A WONDERFULL WEEK END ENJOY YOU DESERVE IT
The Chonchy
  • #93,505
  • Jun 13, 2008 2:18pm Jun 13, 2008 2:18pm
Quoting lilmoe
i know, i know, it's for newbies, not me.

but seriously, what would u call a moving average, isn't that an indicator?
in your platform is a moving average listed under indicators, or under objects?
  • #93,506
  • Jun 13, 2008 2:19pm Jun 13, 2008 2:19pm
Quoting Infinity
I found the indicator.......
  • #93,507
  • Jun 13, 2008 2:19pm Jun 13, 2008 2:19pm
indicators are for confirmation of price action. Use them for confirmation, by all means, but dont trade them, by themselves.
  • #93,508
  • Jun 13, 2008 2:21pm Jun 13, 2008 2:21pm
how do you guys easily find DPs?
  • #93,509
  • Jun 13, 2008 2:23pm Jun 13, 2008 2:23pm
is there any reason to go short gu, and long gj, wouldnt that just be same as long uj
  • #93,510
  • Jun 13, 2008 2:25pm Jun 13, 2008 2:25pm
Weekly review: What did the longer time frames tell us this week?

1. geppy would go up. It did.
2. eur/usd gbp/usd/ aud/usd would go down. They did.


Longer time frames are steady and they remove the noise of the shorter time frames, thus removing the confusion. Longer time frames cost less to trade because you make fewer trades each week.
  • #93,511
  • Jun 13, 2008 2:25pm Jun 13, 2008 2:25pm
Quoting ovaforty
indicators are for confirmation of price action. Use them for confirmation, by all means, but dont trade them, by themselves.

Some indicators are very useful like macd 5 35 5 which shows wave structures A/D which shows positions being held or liquidated in relatioship to price, BW Market Fascilitation Indicator which tells whether there is buying or selling whitin each bar( VSA sorta) Volatility indicator which show whther strength behind a move or a fake to name a few,
"Millionaires don't use astrology, billionaires do"
  • #93,512
  • Jun 13, 2008 2:27pm Jun 13, 2008 2:27pm
Quoting ovaforty
Weekly review: What did the longer time frames tell us this week?

1. geppy would go up. It did.
2. eur/usd gbp/usd/ aud/usd would go down. They did.


Longer time frames are steady and they remove the noise of the shorter time frames, thus removing the confusion. Longer time frames cost less to trade because you make fewer trades each week.
will u have same positions next week//
  • #93,513
  • Jun 13, 2008 2:27pm Jun 13, 2008 2:27pm
Quoting OrionsWay
Some indicators are very useful like macd 5 35 5 which shows wave structures A/D which shows positions being held or liquidated in relatioship to price, BW Market Fascilitation Indicator which tells whether there is buying or selling whitin each bar( VSA sorta) Volatility indicator which show whther strength behind a move or a fake to name a few,
yes they are very useful. I use them.
  • #93,514
  • Jun 13, 2008 2:28pm Jun 13, 2008 2:28pm
Quoting ovaforty
in your platform is a moving average listed under indicators, or under objects?

indicators. in ross's book, it's also listed as an indicator, also in elder's book.


by the way, i would like you to take a minute, breath in and out. after that, take a look at this thread's title, and read the first couple of pages. if you don't like what thread is all about... why bother?

my "indicators" are based on this thread. i don't use anything else out of the box.
  • #93,515
  • Jun 13, 2008 2:29pm Jun 13, 2008 2:29pm
Quoting Clouds
will u have same positions next week//
I will know more about next week when i get the new weekly candle, and the new daily, with updates every 4 hour candle. Also if London and Frankfurt kept their positions and their bias open, why should we fight that? Did you see any major profit taking today?
  • #93,516
  • Jun 13, 2008 2:30pm Jun 13, 2008 2:30pm
Quoting ovaforty
I will know more about next week when i get the new weekly candle, and the new daily, with updates every 4 hour candle. Also if London and Frankfurt kept their positions and their bias open, why should we fight that? Did you see any major profit taking today?
No profit taking.
  • #93,517
  • Jun 13, 2008 2:31pm Jun 13, 2008 2:31pm
Quoting lilmoe
indicators. in ross's book, it's also listed as an indicator, also in elder's book.


by the way, i would like you to take a minute, breath in and out. after that, take a look at this thread's title, and read the first couple of pages. if you don't like what thread is all about... why bother?

my "indicators" are based on this thread. i don't use anything else out of the box.
Peace bro. Slow and steady is profitable in the long run. I was posting here before you came, and may be posting here after you are long gone.

Dont feel threatened because someone has different point of view than yours. What's with the hostility?
  • #93,518
  • Jun 13, 2008 2:32pm Jun 13, 2008 2:32pm
I sense a strom brewing fella's but be like this, if u make money your right who cares how u get to it so be like this
"Millionaires don't use astrology, billionaires do"
  • #93,519
  • Jun 13, 2008 2:32pm Jun 13, 2008 2:32pm
Quoting lilmoe
indicators. in ross's book, it's also listed as an indicator, also in elder's book.


by the way, i would like you to take a minute, breath in and out. after that, take a look at this thread's title, and read the first couple of pages. if you don't like what thread is all about... why bother?

my "indicators" are based on this thread. i don't use anything else out of the box.
you failed to answer my question. What does your platform call the moving averages?
  • #93,520
  • Jun 13, 2008 2:33pm Jun 13, 2008 2:33pm
Quoting OrionsWay
I sense a strom brewing fella's but be like this, if u make money your right who cares how u get to it so be like this
exactly

peace and love. diferent roads often lead to the same destination.
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