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

  • #128,941
  • Oct 30, 2008 9:57am Oct 30, 2008 9:57am
Quoting lilmoe
keep ur stops tight, ur entry was rather late

next is 1h cci, first we need to close below the 0 line to confirm reaching 50ema, then a close below the -100 line for that to be taken out

me is loving green pips


note: i know this sounds too easy to trade, but my system is not the holly grail, so you and everyone else following it should be aware that the success ratio is anywhere between 70-80%. when u enter a trade based on my system, there's always a 20-30% chance for it to be a losing one. you have been warned
never mind bro, 80 pips were booked and no, you're not responsible about any losing trade that anyone make, at least not in my opinion
I recommend you read something else as this sentence is now concluded.
  • #128,942
  • Oct 30, 2008 10:18am Oct 30, 2008 10:18am
wow....so i did it once again.

Yesterday was down about 400 pips .....then by the end of the day had made back all 400 + 100

Now......right back to where i was 24 hours ago......down 500 pips.

My timing really sucks
--post hoc ergo propter hoc--
  • #128,943
  • Oct 30, 2008 10:20am Oct 30, 2008 10:20am
Quoting lilmoe
keep ur stops tight, ur entry was rather late

next is 1h cci, first we need to close below the 0 line to confirm reaching 50ema, then a close below the -100 line for that to be taken out

me is loving green pips


note: i know this sounds too easy to trade, but my system is not the holly grail, so you and everyone else following it should be aware that the success ratio is anywhere between 70-80%. when u enter a trade based on my system, there's always a 20-30% chance for it to be a losing one. you have been warned
I've been demoing your system on Geppy and Euro Yen. Pips galore! Thanks for your insight. The Internet is powerful . . .
"Don't trade to trade . . . trade to win." - James16
  • #128,944
  • Oct 30, 2008 10:24am Oct 30, 2008 10:24am
Quoting Piters
O YEAH, specially when you have 260pips trade going on and running to DPP @ 158? full loaded ( I shorted from 162.165 second pullback from FE261 and shorted after the close of DR1..
Now we are having a small bounce of UY from DPP 97.718...

BTW, it is amazing when you are watching all 5 majors, and usually they move paralel, but some times one is faster then the other. any bounce on UY or EU is affecting all YEN pairs. you can use them as a S/R levels .. so this temporary stop GY is affected becouse of UY bounce from DPP ..easy...
  • #128,945
  • Oct 30, 2008 10:24am Oct 30, 2008 10:24am
All stops moved to 161.8 and if something changes drastically setting trailing stop at 15 to avoid invalid price error LOL seems to be the only absolute get out when u want in such volatile movements
"Millionaires don't use astrology, billionaires do"
  • #128,946
  • Oct 30, 2008 10:26am Oct 30, 2008 10:26am
Quoting lilmoe
keep ur stops tight, ur entry was rather late

next is 1h cci, first we need to close below the 0 line to confirm reaching 50ema, then a close below the -100 line for that to be taken out

me is loving green pips


note: i know this sounds too easy to trade, but my system is not the holly grail, so you and everyone else following it should be aware that the success ratio is anywhere between 70-80%. when u enter a trade based on my system, there's always a 20-30% chance for it to be a losing one. you have been warned
where can i find your system introduction,i remeber you post it once but i can not find it now.
  • #128,947
  • Oct 30, 2008 10:28am Oct 30, 2008 10:28am
Hi everyone....long time lurker...New to FF, not new to trading.

lilmoe, I've been looking at your system and its quite good. Could you point me in the direction of the full instructions? (Here? http://www.forexfactory.com/showpost...stcount=128922)
  • #128,948
  • Oct 30, 2008 10:35am Oct 30, 2008 10:35am
Maybe I am wrong, but according my theory, we should be back for now:

EU is on a strong S/R level: WPP, DPP, FE200
UY in last 1h, 4 candles [15] couldn't broke DPP
GU is on a strong S/R levels: DPP, WPP, FE200

GY is very close to DPP, and 200ema+50ema

maybe another push down.. but protecting the captal is the MOST important thing, Charts:

http://www.doske.com/fx/gu1.gif

http://www.doske.com/fx/uy5.gif

http://www.doske.com/fx/eu2.gif
  • #128,949
  • Oct 30, 2008 10:40am Oct 30, 2008 10:40am
Geez...

I've gotten so spoiled lately that I'm hating that the right call is staring at me in the face right now!

B
  • #128,950
  • Oct 30, 2008 10:41am Oct 30, 2008 10:41am
I think this downward move is just profit taking by Europeans from ysterday's spike we should be moving back up soon
  • #128,951
  • Oct 30, 2008 10:43am Oct 30, 2008 10:43am
Quoting karmostaji
hmm, bull flag anyone?
No I'm not sure about that ... bears are here again.

This rising wedge on 30M and H1 is a very powerful reversal pattern (which is broken now). I think this bull flag will be negated by breaking to downside by powerful bears.

Lower time frames are all showing bearish continuation patterns.
Discipline + Patience - Fear - Greed = Success
  • #128,952
  • Oct 30, 2008 10:47am Oct 30, 2008 10:47am
Now I'm testing Lilmoe's method on YM, it's rocking!
"Don't trade to trade . . . trade to win." - James16
  • #128,953
  • Oct 30, 2008 10:47am Oct 30, 2008 10:47am
Quoting vinesh2
I think this downward move is just profit taking by Europeans from ysterday's spike we should be moving back up soon
4h qqe not cross down,so it's retracement so far.we need 1 candle close below 1h 50ema to see further downsides
  • #128,954
  • Oct 30, 2008 10:52am Oct 30, 2008 10:52am
1h 50 ema reached,go short?
  • #128,955
  • Oct 30, 2008 10:53am Oct 30, 2008 10:53am
Quoting arezab
No I'm not sure about that ... bears are here again.

This rising wedge on 30M and H1 is a very powerful reversal pattern (which is broken now). I think this bull flag will be negated by breaking to downside by powerful bears.

Lower time frames are all showing bearish continuation patterns.
If we close like that today, you are right, we may retest the low'

just have a look on Daily pins everywhere: EU, GU, UY, EY, GY
  • #128,956
  • Oct 30, 2008 10:54am Oct 30, 2008 10:54am
Quoting moneybookers
4h qqe not cross down,so it's retracement so far.we need 1 candle close below 1h 50ema to see further downsides
Well, Geppy is bouncing off the 200 ema right now. Seven minutes to go. Euro yen looks like a close below 50 ema a done deal.
"Don't trade to trade . . . trade to win." - James16
  • #128,957
  • Oct 30, 2008 10:55am Oct 30, 2008 10:55am
I'm done scalping for the day, and will watch for a GJ break below the daily low. Then I'll go short to the 155.50 area. We'll be moving into Friday's trading session soon, and I suspect a fair amount of carry trades will be cashed in before the weekend.
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  • #128,958
  • Oct 30, 2008 10:55am Oct 30, 2008 10:55am
Quoting vinesh2
I think this downward move is just profit taking by Europeans from ysterday's spike we should be moving back up soon

Yea prolly about 25 cents worth
"Millionaires don't use astrology, billionaires do"
  • #128,959
  • Oct 30, 2008 10:55am Oct 30, 2008 10:55am
Quoting DuneTrader
Hi everyone....long time lurker...New to FF, not new to trading.

lilmoe, I've been looking at your system and its quite good. Could you point me in the direction of the full instructions? (Here? http://www.forexfactory.com/showpost...stcount=128922)
here's a link to a brief explanation, i will gather up more details in the weekend and post it

http://www.forexfactory.com/showpost...stcount=124806
  • #128,960
  • Oct 30, 2008 10:56am Oct 30, 2008 10:56am
Quoting moneybookers
4h qqe not cross down,so it's retracement so far.we need 1 candle close below 1h 50ema to see further downsides
I totally agree with you. How is about weekly pp 156.05? Is this necessary to see any confirmation to make sure it will hit that level?
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