Attached File(s)
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #109,822
- Sep 2, 2008 6:14pm Sep 2, 2008 6:14pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
hi moe.
- #109,823
- Sep 2, 2008 6:15pm Sep 2, 2008 6:15pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
I use S/R lines,QQE, trendlines for my analysis...
Less on the chart the better..
Basically trading naked....
Stick to the basic....
It's works great on higher TF from 60 min and higher..
When I look at my charts, the first thing I look for is the S/R lines ..
I identifed my S/R on several TF and placed them on my 60min TF..
It helps me identify where the trend may stop and possible breakout if it broken..
If you plan your trade with only the S/R and trendlines, you will have a better picture how to trade...
To many indicators, in my opinion are lagging and I lose focus on the trends that are developing..
Trade the S/R ,trendline and not the indicators...
Less on the chart the better..
Basically trading naked....
Stick to the basic....
It's works great on higher TF from 60 min and higher..
When I look at my charts, the first thing I look for is the S/R lines ..
I identifed my S/R on several TF and placed them on my 60min TF..
It helps me identify where the trend may stop and possible breakout if it broken..
If you plan your trade with only the S/R and trendlines, you will have a better picture how to trade...
To many indicators, in my opinion are lagging and I lose focus on the trends that are developing..
Trade the S/R ,trendline and not the indicators...
What is that on your chart some type of parabolic??? Do share..
[
- #109,824
- Sep 2, 2008 6:18pm Sep 2, 2008 6:18pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
You mentioned:
i have a CCI TL about to be broken sooner or later, and guess what, when it is, i'm adding more shorts even if we're at the lows!
I am not too familiar with CCI could you post a chart showing the trend line and how you believe it may be broken?
Thanks in advance
Ross Baltimore Md USA
better confirmation would when CCI goes below the -100 line.
- #109,826
- Sep 2, 2008 6:22pm Sep 2, 2008 6:22pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
nothing works by chance .... it is all planed.... again depends what time frame you are trading on....
made some good pips up and some good pips down.....
In fact plan on going long above 194 if we break that level in Asian
but those wishing to swing trade ... mmm .. may be we do reach 175 but i would like to see a 300 pip reatracement before we go down there as NOTHING goes down for ever and in actual fact there is a slight BULLISH divergence starting to form on the weekly and i will be watching how this plays out during the course of this week.... not to say this will go up , but at this point till we have a solid closing under 193 I would not be taking new shorts on a swing trade either. We have moved 2400 pips with NO retracement yet.
i said that last week, and i think it was the biggest pip maker here, i sold each rally out there, and i also told some traders that i'm NOT going to take those long entries (long meaning swing longs, NOT SCALPS). so unless we get at a 50% fibo broken, i'm selling rallies
i know u're good bro, but some people here think that we really ARE going up. no we're not, hehe, and even if we do, we're going back DOWN
- #109,833
- Sep 2, 2008 6:40pm Sep 2, 2008 6:40pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
We might get new Daily Pivot at 193.8
. 20 minutes from now.
. 20 minutes from now.
- #109,834
- Sep 2, 2008 6:40pm Sep 2, 2008 6:40pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
My plan if the Ascending trend breaks...
Take a trade..
Above 195.00 go LONG for at least the 197.00 range retracement
OR
Below 193.00 go SHORT beware of the 192.60 support line
It's a plan...
Take a trade..
Above 195.00 go LONG for at least the 197.00 range retracement
OR
Below 193.00 go SHORT beware of the 192.60 support line
It's a plan...
[
- #109,835
- Sep 2, 2008 6:44pm Sep 2, 2008 6:44pm
- Joined May 2008 | Status: has long shorts | 2,584 Posts
I Like You... But Am Not Supposed To. Now Dont Get Me Wrong Folks Am Not Here To Atgue But If You Will Just Check All Your Chart Parabolic Sar, Macd And Moving Averages Are All Falling.they Are Still Saying That The Long Mode Holds...are We On Thesame Charts Or Some Of Us Are Trading Stocks Instead Of Fx?????open Your Third Eye Folks
indis tell nothing...except what happenED. if we drop, they suddenly also start to switch their lagging ass to the downside...
using macd...ok, i can look over that, everybody makes faults
still sticking to my view. 190 could be seen till the end of the week. no major retracement before imho, even tough we dropped heavy, selloff mode still in tact. good gbp news will accelerate. later we'll see more but until now i cannot see increasing effort to go higher.
- #109,836
- Sep 2, 2008 6:48pm Sep 2, 2008 6:48pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
do it and you will dump your worthless indis. check your charts instead of them...
indis tell nothing...except what happenED. if we drop, they suddenly also start to switch their lagging ass to the downside...
using macd...ok, i can look over that, everybody makes faults
still sticking to my view. 190 could be seen till the end of the week. no major retracement before imho, even tough we droped heavy, sellof mode still in tact. regarding news wait for the setup which will confirm this view. news: gbp good, eur good, usd bad.
must be 1 am in germany
Blogging daily now at www.volume.zone
- #109,838
- Sep 2, 2008 6:51pm Sep 2, 2008 6:51pm
- Joined May 2008 | Status: has long shorts | 2,584 Posts
go get some sleep ...lol
must be 1 am in germany
waiting for sushi session
- #109,839
- Sep 2, 2008 6:54pm Sep 2, 2008 6:54pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
1:50
waiting for sushi session
1:50 still early...