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

  • #112,001
  • Sep 9, 2008 8:24pm Sep 9, 2008 8:24pm
Quoting malcolmb14
In this market glad to be standing .... I tend to be getting in and out quick and scalping. I am not trying to guess one way or the other right now and trying to react to the charts. For those swing traders stops have to be big as stop hunts are 200 pip rallies.

This is the kind of market where millionaires are made and also the kind that destroys accounts if oine does not manage risk
I wish to learn scalping system... daily target of 50-70 pips will be very very good already...
I do get 100+ pips trade, but most of the time I need to let the position open for few hours. I trade part time, it make me feel uncomfortable to trade it this way...
I want to learn a high probability scalping like yours...
Lost...
  • #112,002
  • Sep 9, 2008 8:33pm Sep 9, 2008 8:33pm
Yesterday bull is up till around 190.90. I don't think so we can see bull till it break 196 ~ 198. Major trend still down. Not showing any strong reversal mode. Enough for 200 pips today. I'm see ranging mode from 190 ~ 187. Sideline at the moment till get clear picture what will happen next.
  • #112,003
  • Sep 9, 2008 8:49pm Sep 9, 2008 8:49pm
Split_Unit posted a 15 min channel which coincided beautifully with the daily 5-sma channel and daily momentums. All the daily momentums were pointed up, price retraced down to the sma low which was the bottom of the channel, then gave gave a nice scalp to the daily 5-sma. Out now, will see if it passes the daily 5sma -close for another trade.

Most trades with the 5-sma channel are not always so clear cut. Remember also, that the sma will be pushed up or down as price rises or withdraws from it. So always give, say, a 10-20 pip buffer for your TP target.
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  • #112,004
  • Sep 9, 2008 8:51pm Sep 9, 2008 8:51pm
Quoting TraderStar
This sort of thing always puzzles me .. when you are trading stocks, one person can make a difference on a lower volume stock .. but in forex, with trillions being poured in from all directions, what difference does it make how many people are trading according to any one method?? So why not share what you do the way karmo, auslanco & so many others do?
go back through all my postings .... just this week I was talking about open range breakouts and what they are . Todays open range breakout of asia gave nice little 70 pip trade

I think i also gave away the 14 / 33 sma and how i use them . I know PJ has been using that technique

The thing with my trading techniques is that they are so simple they are not very long posts ....lol

by the way short off 189 again but not loving it ... so keeping tight stop
Blogging daily now at www.volume.zone
  • #112,005
  • Sep 9, 2008 9:00pm Sep 9, 2008 9:00pm
Quoting DutchTrader
Question for the Gbp/Usd traders. Am I nuts for seeing 1.70 on the daily, after this correction towards 1.79 of course?
I'm short sighted, pun intended, , but seriously, I find I can reasonably tell what "should" happen with a few hours, but my long term vision is terribly poor, too much fundamentals start to intervene.
Attached Image
  • #112,006
  • Sep 9, 2008 9:01pm Sep 9, 2008 9:01pm
Quoting malcolmb14
go back through all my postings .... just this week I was talking about open range breakouts and what they are . Todays open range breakout of asia gave nice little 70 pip trade

I think i also gave away the 14 / 33 sma and how i use them . I know PJ has been using that technique

The thing with my trading techniques is that they are so simple they are not very long posts ....lol
I c .. so you scatter your pearls of wisdom around instead of revealing them all at once Guess I will have to go on a treasure hunt .. back through the posts
  • #112,007
  • Sep 9, 2008 9:05pm Sep 9, 2008 9:05pm
Quoting malcolmb14
go back through all my postings .... just this week I was talking about open range breakouts and what they are . Todays open range breakout of asia gave nice little 70 pip trade

I think i also gave away the 14 / 33 sma and how i use them . I know PJ has been using that technique

The thing with my trading techniques is that they are so simple they are not very long posts ....lol

by the way short off 189 again but not loving it ... so keeping tight stop
Called me blockhead, blind or retarded, or whatever you guys like (since I also feel i'm a slow learner), but I really can't find how malcomb trade. Anyone can elighten what is the trading technique?
Lost...
  • #112,008
  • Sep 9, 2008 9:06pm Sep 9, 2008 9:06pm
Quoting malcolmb14
go back through all my postings .... just this week I was talking about open range breakouts and what they are . Todays open range breakout of asia gave nice little 70 pip trade

I think i also gave away the 14 / 33 sma and how i use them . I know PJ has been using that technique

The thing with my trading techniques is that they are so simple they are not very long posts ....lol

by the way short off 189 again but not loving it ... so keeping tight stop
how about my long at 187.90 to the top of this channel in the blue shaded area as a 1st tp?

i already have a broken CCI TL with bullish divergence.

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  • #112,009
  • Sep 9, 2008 9:08pm Sep 9, 2008 9:08pm
Quoting malcolmb14
go back through all my postings .... just this week I was talking about open range breakouts and what they are . Todays open range breakout of asia gave nice little 70 pip trade

I think i also gave away the 14 / 33 sma and how i use them . I know PJ has been using that technique

The thing with my trading techniques is that they are so simple they are not very long posts ....lol

by the way short off 189 again but not loving it ... so keeping tight stop
... you could pick up this short on the top ... how do you determine entry point .... let me know thanks ....
  • #112,010
  • Sep 9, 2008 9:15pm Sep 9, 2008 9:15pm
Quoting TraderStar
I c .. so you scatter your pearls of wisdom around instead of revealing them all at once Guess I will have to go on a treasure hunt .. back through the posts
he also gives links of more research material and indepth explanations of those methods. the link to the open range method is somewhere in the "trading futures" thread in my signature...

malcomb is very generous when it comes to explaining his methods. those who don't get it just don't read his posts thoroughly, that's all.... no offense.
  • #112,011
  • Sep 9, 2008 9:18pm Sep 9, 2008 9:18pm
he uses the 14sma and the 33sma. 14sma needs to cross the 33sma.
  • #112,012
  • Sep 9, 2008 9:25pm Sep 9, 2008 9:25pm
Quoting fc3s
he uses the 14sma and the 33sma. 14sma needs to cross the 33sma.
On the 100 tick, 1 minute and 3 minute? Those are the timeframes he uses for scalping.
  • #112,013
  • Sep 9, 2008 9:25pm Sep 9, 2008 9:25pm
Quoting fc3s
he uses the 14sma and the 33sma. 14sma needs to cross the 33sma.
It's a 13 and 33 not 14
Price does what price wants , I just need to be prepared.
  • #112,014
  • Edited 9:54pm Sep 9, 2008 9:44pm | Edited 9:54pm
Quoting DutchTrader
Question for the Gbp/Usd traders. Am I nuts for seeing 1.70 on the daily, after this correction towards 1.79 of course?
Y're absolutely right DT, what I see is 1.7047, the low of November 2005.
Unfortunately I don't know when this is going to happen, but that it will happen is very likely to me.
I think that maybe 2 things could happen in a short time frame, US interest 0.25 up and UK interest 0.25 down. That's probably the time for this to happen. (Or maybe one of those is enough)

Good research DT Only I would say, the retracement could go as far as 1.86

Orca
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  • #112,015
  • Sep 9, 2008 9:46pm Sep 9, 2008 9:46pm
Quoting PJkiller
It's a 13 and 33 not 14
That's the problem, without writing it in details, it difficult to check which is the correct way and ppl who use the system might be using a similar but not the same system.
Lost...
  • #112,016
  • Sep 9, 2008 9:47pm Sep 9, 2008 9:47pm
I'm thinking that unless UJ breaks below 106 we're caught in a range on GJ. Thoughts?
Patience + Humility + Study = Success
  • #112,017
  • Sep 9, 2008 9:54pm Sep 9, 2008 9:54pm
Quoting PJkiller
It's a 13 and 33 not 14

On the page before this, he said 14/33 ... unless that was a typo...
  • #112,018
  • Sep 9, 2008 9:55pm Sep 9, 2008 9:55pm
Quoting GodfreyH
I'm short sighted, pun intended, , but seriously, I find I can reasonably tell what "should" happen with a few hours, but my long term vision is terribly poor, too much fundamentals start to intervene.
Any Idea Whats going on.. GBP/JPY.... bearish/ bullish... on short term...
Markets are not Random, they are designed!
  • #112,019
  • Sep 9, 2008 9:58pm Sep 9, 2008 9:58pm
Quoting Raza
Any Idea Whats going on.. GBP/JPY.... bearish/ bullish... on short term...
Yes, that's right .. it is
  • #112,020
  • Sep 9, 2008 10:00pm Sep 9, 2008 10:00pm
Quoting TraderStar
Yes, that's right .. it is
Markets are not Random, they are designed!
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