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

  • #123,341
  • Oct 17, 2008 6:03am Oct 17, 2008 6:03am
Quoting Pride
I don't see a breakout on my 1h cci ... how many periods do you use?
cci 30
  • #123,342
  • Oct 17, 2008 6:05am Oct 17, 2008 6:05am
Hi everybody

This is what I see with GJ.

I'm currently out. If I see a true bounce from Red Box area, it means that bear flag will continue upwards in it's channel targeting at least 179.00

If I see price is breaking Red Box area then it means to me that bear flag has broken it's channel to down side, then I'll open short positions targeting 168 (%138.2 fib ext) and the 166.50 (%161.8 fib ext).

Although currently I see a hidden bearish div with RSI but I don't see enough pressure with the beast for a breakout to the down side of the red box right now.

I believe we need to see at least 2 other waves up with a lower high at the end for the current channel to complete it's retrace.
Attached Image (click to enlarge)
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Discipline + Patience - Fear - Greed = Success
  • #123,343
  • Oct 17, 2008 6:09am Oct 17, 2008 6:09am
Quoting arezab
Hi everybody

This is what I see with GJ.

I'm currently out. If I see a true bounce from Red Box area, it means that bear flag will continue upwards in it's channel targeting at least 179.00

If I see price is breaking Red Box area then it means to me that bear flag has broken it's channel to down side, then I'll open short positions targeting 168 (%138.2 fib ext) and the 166.50 (%161.8 fib ext).

Although currently I see a hidden bearish div with RSI but I don't see enough pressure with the beast for a breakout to the down side of the red box right now.

I believe we need to see at least 2 other waves up with a lower high at the end for the current channel to complete it's retrace.
Nice analysis, bro.
I totally agree.
  • #123,344
  • Oct 17, 2008 6:15am Oct 17, 2008 6:15am
174.15 broken

more downside door just opened..
Trade what you see, not what you think.
  • #123,345
  • Oct 17, 2008 6:16am Oct 17, 2008 6:16am
Quoting lilmoe
cci 30
cci period 30 is a nice indication of typical price breakouts. here's an example.

if 1h's cci closes below the -100 line i'm adding more shorts. i closed 1/2 of my trade for 150 pips and the rest set to b/e... sorry i didn't post this earlier i was too tired.

Attached Image (click to enlarge)
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  • #123,346
  • Oct 17, 2008 6:16am Oct 17, 2008 6:16am
unless my lines are shifted, we didn't even get to test the real support in the 173.60-80's; but fib zone line has been served nice on retrace.
Attached Image (click to enlarge)
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"Everybody needs money. That's why they call it money" - Danny De Vito
  • #123,347
  • Oct 17, 2008 6:18am Oct 17, 2008 6:18am
Quoting karmostaji
174.15 broken

more downside door just opened..
patience is the name of the game
  • #123,348
  • Oct 17, 2008 6:21am Oct 17, 2008 6:21am
Quoting lilmoe
patience is the name of the game
definitely

if just another Bank would go bankrupt in the US, that would do the trick lol
Trade what you see, not what you think.
  • #123,349
  • Oct 17, 2008 6:25am Oct 17, 2008 6:25am
Quoting karmostaji
definitely

if just another Bank would go bankrupt in the US, that would do the trick lol
  • #123,350
  • Oct 17, 2008 6:25am Oct 17, 2008 6:25am
Quoting lilmoe
cci period 30 is a nice indication of typical price breakouts. here's an example.

if 1h's cci closes below the -100 line i'm adding more shorts. i closed 1/2 of my trade for 150 pips and the rest set to b/e... sorry i didn't post this earlier i was too tired.

Attachment
Thank you very much, I'm trying cci from about 2 weeks, and I've started trying my default program periods (14), but probably it was too fast, I will try this, thank you
  • #123,351
  • Oct 17, 2008 6:25am Oct 17, 2008 6:25am
Quoting lilmoe
cci period 30 is a nice indication of typical price breakouts. here's an example.

if 1h's cci closes below the -100 line i'm adding more shorts. i closed 1/2 of my trade for 150 pips and the rest set to b/e... sorry i didn't post this earlier i was too tired.

Attachment
actually i was scapling with demo account usind CCI30 and its just cool (was surfing this forum and stole this way from one of your posts ), but i have a question, sometimes MACD and CCI with default settings and periods shows a div while CCI30 and MACD 5 34 9 shows not and i wonder if you have a comment on that, and by the way, what level stop reverse settings you use?
I recommend you read something else as this sentence is now concluded.
  • #123,352
  • Oct 17, 2008 6:28am Oct 17, 2008 6:28am
i closed my short for now. it is testing the trend line, rsi is still above 40. bullish HD.
Attached Image (click to enlarge)
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Nihil Sine Deo.
  • #123,353
  • Oct 17, 2008 6:33am Oct 17, 2008 6:33am
my screen just got punched, a nice hole in the middle of my charts
Trade what you see, not what you think.
  • #123,354
  • Oct 17, 2008 6:38am Oct 17, 2008 6:38am
just a 50% offset pitchfork
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"Millionaires don't use astrology, billionaires do"
  • #123,355
  • Oct 17, 2008 6:44am Oct 17, 2008 6:44am
Quoting karmostaji
my screen just got punched, a nice hole in the middle of my charts
Bummer. Hope you are not hurt
  • #123,356
  • Oct 17, 2008 6:48am Oct 17, 2008 6:48am
Did u forget your pills?




Quoting karmostaji
my screen just got punched, a nice hole in the middle of my charts
[
  • #123,357
  • Oct 17, 2008 6:57am Oct 17, 2008 6:57am
Alerts woke me early this mornin been scalping bottom range here as the 5 min divergence plays out. Nice range off yesterdays resistance now being tested as support. Holding 1 small position off this test just incase stop loss at BE now. Not sure how today will play out with options Ex. don't hold trades over weekend unless 300 pips profit locked in. (dont have one of those right now) European markets sold off big so possible late day sell off. Heading back to bed for a while catch you guys Later in NY. Lilmoe nice sell trade saw your post, and that was some easy pips.
Attached Image (click to enlarge)
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Price does what price wants , I just need to be prepared.
  • #123,358
  • Oct 17, 2008 7:00am Oct 17, 2008 7:00am
last long up 100 now stop at +40 these were my trades as one trader put it earlier evaluated on a 30 second chart. LOL...
Price does what price wants , I just need to be prepared.
  • #123,359
  • Oct 17, 2008 7:02am Oct 17, 2008 7:02am
Quoting karmostaji
my screen just got punched, a nice hole in the middle of my charts
Then I believe your pills have lost their effects .. they are not responding anymore bro ... JJ
Discipline + Patience - Fear - Greed = Success
  • #123,360
  • Oct 17, 2008 7:07am Oct 17, 2008 7:07am
nice bounce ...

me for now :

short EA ... +250 pips up
long GJ ... +80 pips up
long AU ... +100 pips up

going to lock some profit ...
Discipline + Patience - Fear - Greed = Success
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