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

  • #126,601
  • Oct 26, 2008 8:56pm Oct 26, 2008 8:56pm
Quoting AussieAl
Hay Ilimoe. Is it possible that you can post a chart on the 5 min flags you are looking at? Thanks
oh heck, sorry, i saw ur question about the bullish flag on 1m, but i'm sorry i forgot to post it, here's what i think is more significant on m5... a bearish flag.

Attached Image (click to enlarge)
Click to Enlarge Name: gj_5m_bearish flag.gif Size: 14 KB
  • #126,602
  • Oct 26, 2008 8:59pm Oct 26, 2008 8:59pm
Quoting lilmoe
sorry was looking for this post

http://www.forexfactory.com/showpost...stcount=124807

i'm not sure if u'd call that \"simple\", but that's what i use for scalping.

i'm sure malcomb's system might be a bit more \"Straight forward\"

can anyone here post a like to the post where malcomb explains his scalping system plz?
unlike your .. mine is 99% instinct and 1% technical lol
Blogging daily now at www.volume.zone
  • #126,603
  • Oct 26, 2008 9:05pm Oct 26, 2008 9:05pm
Quoting lilmoe
oh heck, sorry, i saw ur question about the bullish flag on 1m, but i'm sorry i forgot to post it, here's what i think is more significant on m5... a bearish flag.

Attachment
Hay. thanks. Appreciate it. Pretty clear when you actually see what it is looking like. Again, Thanks.
There is no greater gift than to be a friend.
  • #126,604
  • Oct 26, 2008 9:07pm Oct 26, 2008 9:07pm
Quoting malcolmb14
lol .......

I am out for the night ...... closed 147.50 .....nice 200 piper on last one


off to enjoy the evening as I never like to spend more than 4 hours in markets
good job

take it easy bro.
  • #126,605
  • Oct 26, 2008 9:11pm Oct 26, 2008 9:11pm
Quoting malcolmb14
unlike your .. mine is 99% instinct and 1% technical lol
i once read in a book that "instinct" is part of technical analysis. u might not have a name or a reason for your entry, but it's something like "pattern recognition" in the back of your brain... interesting stuff, i just forgot what book it was, i'll post it if i find out which one it is

like for instance, i KNEW this was going to shoot up right now, but i hesitated, looool.

if i get an m30 signal short i'm taking it
  • #126,606
  • Oct 26, 2008 9:12pm Oct 26, 2008 9:12pm
darn, chickening out on every entry.
  • #126,607
  • Oct 26, 2008 9:13pm Oct 26, 2008 9:13pm
short off 148.50. reason = instinct
  • #126,608
  • Oct 26, 2008 9:14pm Oct 26, 2008 9:14pm
crying.
  • #126,609
  • Oct 26, 2008 9:15pm Oct 26, 2008 9:15pm
Quoting lilmoe
short off 148.50. reason = instinct
closed 1/2 for another 100 pips... this might shoot up again.
  • #126,610
  • Oct 26, 2008 9:15pm Oct 26, 2008 9:15pm
Quoting pkimnyc
crying.
loooool, thousands of trades to come, no worries bro
  • #126,611
  • Oct 26, 2008 9:15pm Oct 26, 2008 9:15pm
Quoting lilmoe
sorry was looking for this post

http://www.forexfactory.com/showpost...stcount=124807

i'm not sure if u'd call that \\"simple\\", but that's what i use for scalping.

i'm sure malcomb's system might be a bit more \\"Straight forward\\"

can anyone here post a like to the post where malcomb explains his scalping system plz?

plot lines at 30 pip intervals off the daily pivot ( I call them T30 lines).... then use those with indicator of choice .. they work a charm . Use them as support ./ / resistance lines. Once i have profit I trail my stop 2 x T30 lines from price

here is a few of the reasons i got in on trades .. now short off 148.5 after last volume spike .. .3 min chart

Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 180 KB
Blogging daily now at www.volume.zone
  • #126,612
  • Oct 26, 2008 9:16pm Oct 26, 2008 9:16pm
Quoting lilmoe
closed 1/2 for another 100 pips... this might shoot up again.
i can't hedge. crying
  • #126,613
  • Oct 26, 2008 9:23pm Oct 26, 2008 9:23pm
Quoting malcolmb14
plot lines at 30 pip intervals off the daily pivot ( I call them T30 lines).... then use those with indicator of choice .. they work a charm . Use them as support ./ / resistance lines. Once i have profit I trail my stop 2 x T30 lines from price

here is a few of the reasons i got in on trades .. now short off 148.5 after last volume spike .. .3 min chart

Attachment

good stuff bro. i somehow managed to make the same entry short. only for a different reason (fib level from yesterday's pre-closing high to today's low) combined with decreasing pressure on m1
  • #126,614
  • Oct 26, 2008 9:25pm Oct 26, 2008 9:25pm
Quoting malcolmb14
plot lines at 30 pip intervals off the daily pivot ( I call them T30 lines).... then use those with indicator of choice .. they work a charm . Use them as support ./ / resistance lines. Once i have profit I trail my stop 2 x T30 lines from price

here is a few of the reasons i got in on trades .. now short off 148.5 after last volume spike .. .3 min chart

Attachment
malcomb's system is much simpler than mine. so i would urge u guys to grasp some of his stuff (it would probably make more sense for newbies). my system needs lots of discipline to be carried out.
  • #126,615
  • Oct 26, 2008 9:26pm Oct 26, 2008 9:26pm
Quoting lilmoe
good stuff bro. i somehow managed to make the same entry short. only for a different reason (fib level from yesterday's pre-closing high to today's low) combined with decreasing pressure on m1
not because the div on m5 chart? or its invalid?

edit: opss sorry that was on a different pair, forget it!
I recommend you read something else as this sentence is now concluded.
  • #126,616
  • Oct 26, 2008 9:31pm Oct 26, 2008 9:31pm
ok guys, im going for some time off (already at weekly target, lol). so i'm going to relax and take it easy.

i still have a short at 148.50 that i'm going to hold on to (At b/e), and just placed 2 sell stops at 145.60 with a 40 pip stop (one for 100 pip TP), and another buy stop above DP at 149.90 with same settings.

take it easy fella's and trade wisely. see u all when london opens.
  • #126,617
  • Oct 26, 2008 9:31pm Oct 26, 2008 9:31pm
Quoting lilmoe
malcomb's system is much simpler than mine. so i would urge u guys to grasp some of his stuff (it would probably make more sense for newbies). my system needs lots of discipline to be carried out.

my system needs
1) cowboy hat
2) 2 x 6 shooters ...colt 45s are my personal favs
3) courage to come out with both guns blazing

Blogging daily now at www.volume.zone
  • #126,618
  • Oct 26, 2008 9:37pm Oct 26, 2008 9:37pm
Quoting malcolmb14
my system needs
1) cowboy hat
2) 2 x 6 shooters ...colt 45s are my personal favs
3) courage to come out with both guns blazing

Plus Rayben dark glasses .. you shoot without seeing the object ..
  • #126,619
  • Oct 26, 2008 9:47pm Oct 26, 2008 9:47pm
Wondering when we gonna see 139 again ..
By looking at weekly TF, seems like it's possible to happen again this week ..
  • #126,620
  • Oct 26, 2008 9:52pm Oct 26, 2008 9:52pm
Quoting malcolmb14
my system needs
1) cowboy hat
2) 2 x 6 shooters ...colt 45s are my personal favs
3) courage to come out with both guns blazing

I you didn't trade that way when I was in T4F. Ahha, another side you were keeping from us.
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