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

  • #94,761
  • Jun 17, 2008 11:02am Jun 17, 2008 11:02am
Quoting malcolmb14
I see the bears getting all excited again

here is the 4 hour linear regression channel 2 standard deviation . 60 min was a buy off 210.80

Attachment
4hr chart 4 u. . .
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr chart.gif Size: 15 KB
  • #94,762
  • Jun 17, 2008 11:02am Jun 17, 2008 11:02am
Quoting PipChick
LOL malcolmb
with all the pips I am making though they can rebuild me .. they did the $6 million dollar man !!!
Blogging daily now at www.volume.zone
  • #94,763
  • Jun 17, 2008 11:05am Jun 17, 2008 11:05am
May be a tad early for this to confirm, but will be watching it. Included is a line chart of the exact same TF and trendline, part of my reason for drawing the neckline where I did rather than the end of that bear spike.

Got that as a tip from Trout on the news area one time, when he was discussing where to draw necklines to help filter out noise and spikes on smaller TF's...

Anyway, I like that it comes after a nice long runup, like it should. The NL also converges with the longterm fib, so a break either way should be significant. What do you guys think?

Be back tonite, have to hit the hay. I'm starting to feel like lilmoe here after too many hours up, just not as cranky...
Attached Image
FUBAR...
  • #94,764
  • Jun 17, 2008 11:06am Jun 17, 2008 11:06am
Quoting malcolmb14
I am female .. oh hold no male ... just have boobs cuase I am to fat from sitting in front of the computer trading all day....
One word for u - "Tae Bo". . .

Now 1 and 2 and 3 aaaaaand 1 and 2 and 3, now roll it it out, com'n now u can do it - roll it out. . . Not ar'd the floor in that computer chair, you got to get your rump out of it and put the snicker bar down. . . 3 more, aaaaand 2 more now breath. . .
  • #94,765
  • Jun 17, 2008 11:09am Jun 17, 2008 11:09am
Quoting quecee5
4hr chart 4 u. . .
If we get a break back above that 78.6 fe at 211.50 and sustain it , then 213.5 / 261 are on the cards

Until 209.80 is broken i am buying the dips but that is just me.

In the mean time GBPCAD and GBPCHF are way more fun to day trade !!!

GBPCAD was a nice little 150 pip mover this morning and gbpchf was good for 70.

Attached Image (click to enlarge)
Click to Enlarge Name: gj1.png Size: 146 KB
Blogging daily now at www.volume.zone
  • #94,766
  • Jun 17, 2008 11:10am Jun 17, 2008 11:10am
Quoting ak4x
May be a tad early for this to confirm, but will be watching it. Included is a line chart of the exact same TF and trendline, part of my reason for drawing the neckline where I did rather than the end of that bear spike.

Got that as a tip from Trout on the news area one time, when he was discussing where to draw necklines to help filter out noise and spikes on smaller TF's...

Anyway, I like that it comes after a nice long runup, like it should. The NL also converges with the longterm fib, so a break either way should be significant. What do you guys think?

Be back tonite, have to hit the hay. I'm starting to feel like lilmoe here after too many hours up, just not as cranky...
Good post, I will look to long in that area as posted earlier on that 1,2,3 correction with SL at 1.4380 for the run-up to 1.57/158 area. . .

Nice charts. . .
  • #94,767
  • Jun 17, 2008 11:12am Jun 17, 2008 11:12am
Quoting malcolmb14
If we get a break back above that 78.6 fe at 211.50 and sustain it , then 213.5 / 261 are on the cards

Until 209.80 is broken i am buying the dips but that is just me.

In the mean time GBPCAD and GBPCHF are way more fun to day trade !!!

GBPCAD was a nice little 150 pip mover this morning and gbpchf was good for 70.

Attachment
Makes sense - I think that area will hold or slightly below. . .
Good charts!
  • #94,768
  • Jun 17, 2008 11:21am Jun 17, 2008 11:21am
Quoting PipChick
Thank you Pk!

Hey PC - long time no see - hope you're well and ready to post again.....http://www.forexfactory.com/images/icons/icon14.gif
Trading Levels with WRBs
  • #94,769
  • Jun 17, 2008 11:28am Jun 17, 2008 11:28am
Hello Malcolm,

just a question. What indicators are You using for other currency pair like You describe GBPCAD and GBPCHF??
I just trade GBPJPY and sometimes AUDJPY, just to add more to my "portfolio". I do like always Your posts, so if yOu do not mind this question.
If You do not ask, You stay "stu...d", tha is what we say.
Thanks in advance.
Quoting malcolmb14
If we get a break back above that 78.6 fe at 211.50 and sustain it , then 213.5 / 261 are on the cards

Until 209.80 is broken i am buying the dips but that is just me.

In the mean time GBPCAD and GBPCHF are way more fun to day trade !!!

GBPCAD was a nice little 150 pip mover this morning and gbpchf was good for 70.

Attachment
  • #94,770
  • Jun 17, 2008 11:43am Jun 17, 2008 11:43am
Quoting quecee5
Good post, I will look to long in that area as posted earlier on that 1,2,3 correction with SL at 1.4380 for the run-up to 1.57/158 area. .
I missed that post, can you tell me about when it was? And I'm a little confused, by "that area", you're referring to the green shaded area on my chart a'rd 5500, or something on your post?

I was thinking short the NL break, but you're talking long... with a SL a'rd 4380, so was that a typo, or am I missing something? I think I need to find your post.
FUBAR...
  • #94,771
  • Jun 17, 2008 11:49am Jun 17, 2008 11:49am
Bovespa UP 1600!! And Brazil aren't even playing in Euro football
  • #94,772
  • Jun 17, 2008 11:49am Jun 17, 2008 11:49am
Quoting ak4x
I missed that post, can you tell me about when it was? And I'm a little confused, by "that area", you're referring to the green shaded area on my chart a'rd 5500, or something on your post?

I was thinking short the NL break, but you're talking long... with a SL a'rd 4380, so was that a typo, or am I missing something? I think I need to find your post.
I'm talking about going long at 1.5400 area with SL @ 1.5380. . . for a ride up to 1.57/1.58 area. . . What I see is a nice 5 wave structure up and what now looks to be forming is a 3 wave correction down ending in a higher low that should end at 1.5440/1.5400. If this plays out I will look to go long and hold it for awhile. . .
  • #94,773
  • Jun 17, 2008 11:52am Jun 17, 2008 11:52am
Quoting vinesh2
Q did you take the short at that recent high of 211.44? just curious
Vinesh, did you take the short on the run-up?
  • #94,774
  • Jun 17, 2008 11:56am Jun 17, 2008 11:56am
Quoting capetown
Hello Malcolm,

just a question. What indicators are You using for other currency pair like You describe GBPCAD and GBPCHF??
I just trade GBPJPY and sometimes AUDJPY, just to add more to my "portfolio". I do like always Your posts, so if yOu do not mind this question.
If You do not ask, You stay "stu...d", tha is what we say.
Thanks in advance.
rapid rsi ( available for mt4) , macd 12,26, 9 , and regualr rsi (14 setting)

also 10 , 20 and 50 sma

50 sma ennvelope with a .15% deviation ( a Keltner channel is the same)

I look for
1) rapid rsi crossing out of 30 or 70 on a 15 min
2) regualr rsi coming out of 30 or 70 on the 15 min ( this is the perfect storm)
3) then zoom in on 5m in and look for the same

then the trade is when the rapid rsi cross down thru 70 on a 5min , take low of candle - 15 pips. opposite for longs

easy as that

here is gbpcad 15 min and below 5 min. 15 min gave me rapid rsi sell trigger , compolete with an evening star right at top of ME envelope .. zoomed in on 5 min . saw rapid rsi sell trigger , bar low =- 1.9965 - 15 pips = 1.9950 entry .

I have closed trade for 40 pips profit.

I would rather do these kind of trades when I have time then wait days and days for a swing trade to work out and constantly worry about it.

currently i am flat .

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad2.png Size: 129 KB
Blogging daily now at www.volume.zone
  • #94,775
  • Jun 17, 2008 11:59am Jun 17, 2008 11:59am
Yes got in at 211.50 targeting 210.60 1st 0% FIBO level of the fall from 212.79 on 4hr. Will re-evaluate there.
  • #94,776
  • Jun 17, 2008 12:01pm Jun 17, 2008 12:01pm
Malco, I am starting to play with Envelops a little do you have any suggestions on how to analyze candle using envelopes? I am using the default settings of Period 14, MA Method with .10 deviation. Can you recommend a good setting for 1hr/4hr and Daily chart?
  • #94,777
  • Jun 17, 2008 12:03pm Jun 17, 2008 12:03pm
Quoting quecee5
I'm talking about going long at 1.5400 area with SL @ 1.5380. . .
OK got it, we are on exactly the same page, just got there on a different path. the 4380 typo shook me up... . I knew I was tired, but I couldn't figure out where I was not seeing a thousand pips... . goodnite all.
FUBAR...
  • #94,778
  • Jun 17, 2008 12:06pm Jun 17, 2008 12:06pm
Quoting vinesh2
Yes got in at 211.50 targeting 210.60 1st 0% FIBO level of the fall from 212.79 on 4hr. Will re-evaluate there.
  • #94,779
  • Jun 17, 2008 12:12pm Jun 17, 2008 12:12pm
Quoting ukvipersden
Bovespa UP 1600!! And Brazil aren't even playing in Euro football
Normally, if Bovespa or Peso is up, the Euro and GBP would benefit from it (risk aversion) and USD is down. Or the other way around I can't really remember it anymore but I think am right with the first one.
  • #94,780
  • Jun 17, 2008 12:17pm Jun 17, 2008 12:17pm
Quoting mktjong
Normally, if Bovespa or Peso is up, the Euro and GBP would benefit from it (risk aversion) and USD is down. Or the other way around I can't really remember it anymore but I think am right with the first one.
cheers mk
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