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

  • #128,881
  • Oct 30, 2008 8:28am Oct 30, 2008 8:28am
today maybe the reversing day,GDP number point to terrible personal spending,let's see how stock market unfold
shorted ES 962.75
  • #128,882
  • Oct 30, 2008 8:31am Oct 30, 2008 8:31am
Morning to lilmoe, karmo and all great GJ traders here

IMO -

H4 GJ only touch EMA 100. Don't have enough bull power to push above it. If next 4h GJ closed below 161, might be we could see 200 ~ 300 pips down.

Good luck.
  • #128,883
  • Oct 30, 2008 8:31am Oct 30, 2008 8:31am
Quoting lilmoe
half for 60 pips, rest at b/e
why does it always dive JUST after i take partial profit? could've got 100 pip, sighs...
  • #128,884
  • Oct 30, 2008 8:33am Oct 30, 2008 8:33am
Quoting lilmoe
why does it always dive JUST after i take partial profit? could've got 100 pip, sighs...
did you try the new version of karmo's pill?
  • #128,885
  • Oct 30, 2008 8:34am Oct 30, 2008 8:34am
Quoting lilmoe
why does it always dive JUST after i take partial profit? could've got 100 pip, sighs...
ohh,it bounce back
  • #128,886
  • Oct 30, 2008 8:35am Oct 30, 2008 8:35am
Quoting Obaidah
im talking about h4 and h1, or the lower TFs first?

the higher TFs take priority in "strength", but lower TFs need to play out and set the "stage" for higher TFs to play out.

so yes, lower TFs are faster, therefore, they playout before higher TF. i have seen instances, however, where divergence on higher TFs (beats) that on lower ones. be careful, a divergence doesn't always work, and even when it does, it's not necessarily from 50ema. but i and a bunch of other traders believe that 50ema acts as the "magnet" of divergence, just like 5sma acts as the "magnet" of price.
  • #128,887
  • Oct 30, 2008 8:36am Oct 30, 2008 8:36am
Quoting pepsi
did you try the new version of karmo's pill?
u have to act fast, i'm shorting at critical levels where a bullish hidden divergence is visible. i would be normally going long here for scalps (or adding to positions) if we weren't that "high" in price.

the reason i believe this will go down, is because i think we need to retest 4h 50ema at least.
  • #128,888
  • Oct 30, 2008 8:36am Oct 30, 2008 8:36am
good morning lilmoe. its all RELATIVE my friend. you always mostly anyway lockin your profits which is great. yours is relatively good compared to when it dives after i go lONG lol which is even worse lol. so its all relative.

you always bank more at the end of the day than some of us here
which i admire not jealous


Quoting lilmoe
why does it always dive JUST after i take partial profit? could've got 100 pip, sighs...
  • #128,889
  • Oct 30, 2008 8:39am Oct 30, 2008 8:39am
Quoting lilmoe
u have to act fast, i'm shorting at critical levels where a bullish hidden divergence is visible. i would be normally going long here for scalps (or adding to positions) if we weren't that \"high\" in price.

the reason i believe this will go down, is because i think we need to retest 4h 50ema at least.
you are right, I'm just kidding
  • #128,890
  • Oct 30, 2008 8:41am Oct 30, 2008 8:41am
lilmoe

what do you think of the 5m 50ema and the daily R1 sitting above? another quick short? strong enough to hold not sure. with down in green
  • #128,891
  • Oct 30, 2008 8:43am Oct 30, 2008 8:43am
Quoting Serendipity
good morning lilmoe. its all RELATIVE my friend. you always mostly anyway lockin your profits which is great. yours is relatively good compared to when it dives after i go lONG lol which is even worse lol. so its all relative.

you always bank more at the end of the day than some of us here
which i admire not jealous
thanks

took lots of hard work to reach this point
i always scale in as it goes down or up. this is by far the best method i've ever used. i'm almost always in market during the week. the lower we go, the more i release some of my positions. but i always keep some (even if my biased is changed) just in case. a good example was when i was trying to pick bottoms back at 155-160, but price dived to 139, i would've missed those pips if i didn't have any shorts on.

the more "safe" shorts u have, the more u make. u just have to pick the right place to add those, and lower TFs are the best filter for that.
  • #128,892
  • Oct 30, 2008 8:44am Oct 30, 2008 8:44am
Quoting pepsi
you are right, I'm just kidding
i didn't say u were wrong, lol. patience IS required
thanks for the heads up
  • #128,893
  • Oct 30, 2008 8:46am Oct 30, 2008 8:46am
A 1h candle close below 161.5 will take us lower otherwise range and possible breakout to the upside.

This is my plan for now.
Trade what you see, not what you think.
  • #128,894
  • Oct 30, 2008 8:49am Oct 30, 2008 8:49am
Quoting lilmoe
the higher TFs take priority in \"strength\", but lower TFs need to play out and set the \"stage\" for higher TFs to play out.

so yes, lower TFs are faster, therefore, they playout before higher TF. i have seen instances, however, where divergence on higher TFs (beats) that on lower ones. be careful, a divergence doesn't always work, and even when it does, it's not necessarily from 50ema. but i and a bunch of other traders believe that 50ema acts as the \"magnet\" of divergence, just like 5sma acts as the \"magnet\" of price.
okay bro, i have one last question that i might just get you confused with, the following is m30 chart, yellow trendlines are for bearish div and red trendlines are for bullish div, the bearish div came out before the bullish one but nothing so interesting happened, and then bullish div came in (while the bearis hasnt played yet), heres what i need to know, is the bearish div still valid? or is that what you call by played out?
Attached Image
I recommend you read something else as this sentence is now concluded.
  • #128,895
  • Oct 30, 2008 8:50am Oct 30, 2008 8:50am
Quoting lilmoe
i didn't say u were wrong, lol. patience IS required
thanks for the heads up
I know that you know , but only for remaind, our OLD friend FE216

http://www.doske.com/fx/eu1.gif

http://www.doske.com/fx/gy7.gif
  • #128,896
  • Oct 30, 2008 8:51am Oct 30, 2008 8:51am
gm guys
  • #128,897
  • Oct 30, 2008 8:51am Oct 30, 2008 8:51am
i hear you about having 'your shorts on' . am sure the neighbours will be happy. seriously.......you were saying about 'safe' shorts more you make etc? and lower TFs are the best filter etc. meaning you have shorts on the side double timing while it is going long?

Quoting lilmoe
thanks

took lots of hard work to reach this point
i always scale in as it goes down or up. this is by far the best method i've ever used. i'm almost always in market during the week. the lower we go, the more i release some of my positions. but i always keep some (even if my biased is changed) just in case. a good example was when i was trying to pick bottoms back at 155-160, but price dived to 139, i would've missed those pips if i didn't have any shorts on.

the more \"safe\" shorts u have, the more u make. u just have to pick the right place to add those, and lower TFs are the best filter for that.
  • #128,898
  • Oct 30, 2008 8:53am Oct 30, 2008 8:53am
Quoting pkimnyc
gm guys
GM Mr. Millionaire
Trade what you see, not what you think.
  • #128,899
  • Oct 30, 2008 8:55am Oct 30, 2008 8:55am
Quoting karmostaji
GM Mr. Millionaire
lol. gm bro.
  • #128,900
  • Oct 30, 2008 8:56am Oct 30, 2008 8:56am
Quoting karmostaji
A 1h candle close below 161.5 will take us lower otherwise range and possible breakout to the upside.

This is my plan for now.
we are about to close below 16150,go go gj
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