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

Quoting moneybookers

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hoho,mind if sharing your method?

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Quoting peaches

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I `am long now, target 185 minimum.

This is the bullish pattern on 1 h chart, which will give us a
bullish continuation on the 4 hour chart.

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Quoting slide

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183, then 186;

these are easy pips, from there we'll see;

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Quoting karmostaji

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Next targets are 50% 181.70 and 184.50 61.8%, plus we have the weekly 5sma close to 61.8% so yah keep an eye on that level.

If those don't stop the bulls, then 190.50 where we have a daily TL and 78.6% fibo.

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Quoting moneybookers

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hoho,mind if sharing your method?

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Quoting pastorking

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where have you been since ?

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Quoting arezab

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sure ... very simple method:



Timeframe: 5M (or 15M)

1- RSI 14 (levels: 30, 50, 70) ... I don't use QQE, it lags.
2- GannHiLo (10)

Entering trades: we enter when RSI breakout below 70 (short) and above 30 level (long) happens (sometimes a 50 level breakout too) && GannHiLo breaks. Gann breakout confirms that price is coming out of OB or OS region.

Closing trades: I mostly use price action to exit ... so it is sometimes earlier than where it should be ... depends on your greed and expectations about how much pips you want every single trade to give you but you can just simply use GannHiLo to exit trades.

if you want to set a SL it's ok ... depends on you MM. so mine might be different from yours so I don't focus on it but for simple you can set your SL above GannHiLo + spread (for short positions) and vice versa (for long positions).

Beside these I use other tools like Fibo levels, SR levels, price patterns, chart patterns, channels, harmonic patterns, trendlines ... but these things can be used either very differently by each trader or each of them need a separate book to explain ... sorry ... BTW you will need a good experience of "how market moves" too in order to not open some positions that meet every condition but are not worth to take or vice versa (human element).

In uptrends we only open long positions and vice versa in downtrends.

BUT we are scalping ... so don't marry to your positions, get whatever market gives you and RUN oh no ... you can stay and wait for other opportunities to come to you

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Quoting karmostaji

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You sound like my wife

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Quoting peaches

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Oh, btw: It´s good to think one step forward:

We will see 165 by the end of the week, after have filled the gap around 185.

We should keep in mind, that we are in a bear market, so, the weekly candle should close as a bearish candle.

Otherwise (a bullish weekly candle) would proof a real reversal.

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Quoting arezab

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sure ... very simple method:

Timeframe: 5M (or 15M)

1- RSI 14 (levels: 30, 50, 70) ... I don't use QQE, it lags.
2- GannHiLo (10)

Entering trades: we enter when RSI breakout below 70 (short) and above 30 level (long) happens (sometimes a 50 level breakout too) && GannHiLo breaks. Gann breakout confirms that price is coming out of OB or OS region.

Closing trades: I mostly use price action to exit ... so it is sometimes earlier than where it should be ... depends on your greed and expectations about how much pips you want every single trade to give you but you can just simply use GannHiLo to exit trades.

if you want to set a SL it's ok ... depends on you MM. so mine might be different from yours so I don't focus on it but for simple you can set your SL above GannHiLo + spread (for short positions) and vice versa (for long positions).

Beside these I use other tools like Fibo levels, SR levels, price patterns, chart patterns, channels, harmonic patterns, trendlines ... but these things can be used either very differently by each trader or each of them need a separate book to explain ... sorry ... BTW you will need a good experience of "how market moves" too in order to not open some positions that meet every condition but are not worth to take or vice versa (human element).

In uptrends we only open long positions and vice versa in downtrends.

BUT we are scalping ... so don't marry to your positions, get whatever market gives you and RUN oh no ... you can stay and wait for other opportunities to come to you

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Quoting arezab

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sure ... very simple method:

Timeframe: 5M (or 15M)

1- RSI 14 (levels: 30, 50, 70) ... I don't use QQE, it lags.
2- GannHiLo (10)

Entering trades: we enter when RSI breakout below 70 (short) and above 30 level (long) happens (sometimes a 50 level breakout too) && GannHiLo breaks. Gann breakout confirms that price is coming out of OB or OS region.

Closing trades: I mostly use price action to exit ... so it is sometimes earlier than where it should be ... depends on your greed and expectations about how much pips you want every single trade to give you but you can just simply use GannHiLo to exit trades.

if you want to set a SL it's ok ... depends on you MM. so mine might be different from yours so I don't focus on it but for simple you can set your SL above GannHiLo + spread (for short positions) and vice versa (for long positions).

Beside these I use other tools like Fibo levels, SR levels, price patterns, chart patterns, channels, harmonic patterns, trendlines ... but these things can be used either very differently by each trader or each of them need a separate book to explain ... sorry ... BTW you will need a good experience of "how market moves" too in order to not open some positions that meet every condition but are not worth to take or vice versa (human element).

In uptrends we only open long positions and vice versa in downtrends.

BUT we are scalping ... so don't marry to your positions, get whatever market gives you and RUN oh no ... you can stay and wait for other opportunities to come to you

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Quoting karmostaji

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You sound like my wife

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Quoting quecee5

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Quoting quecee5

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AGREED!

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Quoting karmostaji

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Next targets are 50% 181.70 and 184.50 61.8%, plus we have the weekly 5sma close to 61.8% so yah keep an eye on that level.

If those don't stop the bulls, then 190.50 where we have a daily TL and 78.6% fibo.

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Quoting uncletrumpet

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Karmostaji lets see the fib levels that have plotted. thanks

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