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

  • #111,901
  • Sep 9, 2008 12:03pm Sep 9, 2008 12:03pm
Godfrey,

Good point. Overtrading can lead to losses. Better to find the right setup and ride it hard.
Patience + Humility + Study = Success
  • #111,902
  • Sep 9, 2008 12:04pm Sep 9, 2008 12:04pm
Quoting TraderStar
LOL, I don't 'trade' on 1 minute charts, but using micro lots I sometimes practice entry/exit techniques there .... or if I get bored ...
they may laugh but i just traded down from 189.95 to 188.65 ... 3 min chart

It is possible in this market.....and most days even in non volatile conditions I manage to get 30 - 80 pips out of the market

take 10 standard .. make 30 pips a day .. that is a great living !!!

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 19 KB
Blogging daily now at www.volume.zone
  • #111,903
  • Sep 9, 2008 12:05pm Sep 9, 2008 12:05pm
Quoting malcolmb14
they may laugh but i just traded down from 189.95 to 188.65 ... 3 min chart

It is possible in this market.....and most days even in non volatile conditions I manage to get 30 - 80 pips out of the market

take 10 standard .. make 30 pips a day .. that is a great living !!!

Attachment
sorry for the complicated chart
Blogging daily now at www.volume.zone
  • #111,904
  • Sep 9, 2008 12:05pm Sep 9, 2008 12:05pm
Quoting malcolmb14
t

take 10 standard .. make 30 pips a day .. that is a great living !!!

Attachment
3 grand a day is not bad at all.
Patience + Humility + Study = Success
  • #111,905
  • Sep 9, 2008 12:10pm Sep 9, 2008 12:10pm
long from 8880 and 8910
targeting 8920 and 8950.

lets see if it works

15 minute RSI has turned and 60 minute RSI is turning.
--post hoc ergo propter hoc--
  • #111,906
  • Sep 9, 2008 12:20pm Sep 9, 2008 12:20pm
Quoting Monk
long from 8880 and 8910
targeting 8920 and 8950.

lets see if it works

15 minute RSI has turned and 60 minute RSI is turning.
dj getting burnt .. now at 11300 .... would not be comfrotable with longs

In addition oil under 104 .. may head to 95. That would drop gbpusd and hence gj

you may , if you are lucky get bounce
Blogging daily now at www.volume.zone
  • #111,907
  • Sep 9, 2008 12:24pm Sep 9, 2008 12:24pm
Quoting malcolmb14
they may laugh but i just traded down from 189.95 to 188.65 ... 3 min chart

It is possible in this market.....and most days even in non volatile conditions I manage to get 30 - 80 pips out of the market

take 10 standard .. make 30 pips a day .. that is a great living !!!
I found a 100 tick chart on my FX AccuCharts .. so how do you play it?
Do 100 ticks = about 100 seconds? I know it is not exact but is that about right?

And also, why a 3 minute chart instead of a five minute?
  • #111,908
  • Sep 9, 2008 12:36pm Sep 9, 2008 12:36pm
EJ and GJ:

On the 60 min and 240 min TF the candle is below the Gann-HILO

DOW is over 200points down...

More negatives news from the banks...

A record defeict of over 400 billion dollar reported today...

Too much negative fundamentals and downward technicals to take a long position..

Waiting for another BIG DROP to possibly the 176.00 range (61.8%) on the GJ weekly chart trendline...


Possible 1000 pips this week again if the descending plays out downward on the 240 min chart...

240 min trendline is down
candles are below the Gann-HILO
QQE is crossed down


You be the judge!!!

Attached Image(s) (click to enlarge)
Click to Enlarge Name: weekly gj chart.gif Size: 51 KB
Click to Enlarge Name: 240 min gj chart.gif Size: 51 KB
[
  • #111,909
  • Sep 9, 2008 12:40pm Sep 9, 2008 12:40pm
gj1h - rsi 3angle
---
RSI - Natural CCI enlargement device.
Attached Image
  • #111,910
  • Sep 9, 2008 12:44pm Sep 9, 2008 12:44pm
Quoting TraderStar
I found a 100 tick chart on my FX AccuCharts .. so how do you play it?
Do 100 ticks = about 100 seconds? I know it is not exact but is that about right?

And also, why a 3 minute chart instead of a five minute?
3 min due to fats moving conditions.... noramlly trade only 10 min in slower markets

100 tick is 100 ticks .. low volume could be 3 min , fast volume could be 30 seconds lol
Blogging daily now at www.volume.zone
  • #111,911
  • Sep 9, 2008 12:47pm Sep 9, 2008 12:47pm
What the hell is Naatha saying?
Patience + Humility + Study = Success
  • #111,912
  • Sep 9, 2008 12:49pm Sep 9, 2008 12:49pm
Quoting DutchTrader
What the hell is Naatha saying?
Posting spider webs
Trade what you see, not what you think.
  • #111,913
  • Sep 9, 2008 12:52pm Sep 9, 2008 12:52pm
Quoting karmostaji
Posting spider webs

looks like his imperial star fighters crashed into the death star and left a mess everywhere....he posted a chart that had pattenrs looking like imperial star fighters on it the other day
Blogging daily now at www.volume.zone
  • #111,914
  • Sep 9, 2008 12:53pm Sep 9, 2008 12:53pm
@Malcolm and Karmo. Seriously
Patience + Humility + Study = Success
  • #111,915
  • Sep 9, 2008 12:54pm Sep 9, 2008 12:54pm
That may be a classic GJ Bear flag.Once 187.9 is broken, hell is the target...That would be gigantic!!!
  • #111,916
  • Sep 9, 2008 12:59pm Sep 9, 2008 12:59pm
Quoting DutchTrader
@Malcolm and Karmo. Seriously
talking of death star check this out as a little side note from trading .... not sure we can post this here ... but had me in stiches

http://denniswoo.multiply.com/video/...nteen_Incident
Blogging daily now at www.volume.zone
  • #111,917
  • Sep 9, 2008 1:00pm Sep 9, 2008 1:00pm
Quoting rgitt05
EJ and GJ:

On the 60 min and 240 min TF the candle is below the Gann-HILO

DOW is over 200points down...

More negatives news from the banks...

A record defeict of over 400 billion dollar reported today...

Too much negative fundamentals and downward technicals to take a long position..

Waiting for another BIG DROP to possibly the 176.00 range (61.8%) on the GJ weekly chart trendline...


Possible 1000 pips this week again if the descending plays out downward on the 240 min chart...

240 min trendline is down
candles are below the Gann-HILO
QQE is crossed down


You be the judge!!!

think it will drop during london? or earlier in japan
  • #111,918
  • Sep 9, 2008 1:01pm Sep 9, 2008 1:01pm
Quoting karmostaji
Waiting to see if we get a 4h QQE cross down, that will indicate a big bearish movement..

Price is still trading below 4h gann hilo, so there was no confirmed bullish movement.
4h QQE has crossed down, so has the 1h QQE.

I expect bearish movement to continue into Asian session, and hopefully we will see a new low
Trade what you see, not what you think.
  • #111,919
  • Sep 9, 2008 1:04pm Sep 9, 2008 1:04pm
Evening guys,

after looking at the news releases i think short is in our favour housing reports for the uk, sterling weakness etc.. techinically i like the setup even though the last few days have been very crazy ive just been watching till now my first trade since last week wish me luck hopefully see you guys somewhere lowwwwwwww if it doesnt play out no worries ill exit and just watch for another few days i just dont like the way the markets are playing at the moment thats just me though

i wish you all the best
  • #111,920
  • Sep 9, 2008 1:04pm Sep 9, 2008 1:04pm
Quoting malcolmb14
3 min due to fats moving conditions.... noramlly trade only 10 min in slower markets

100 tick is 100 ticks .. low volume could be 3 min , fast volume could be 30 seconds lol
I see
What ma do you use with the 100 tick & the 3 min? Any other indicators?
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