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

  • #131,541
  • Nov 4, 2008 11:31am Nov 4, 2008 11:31am
i'm not stopped yet.... what was ur entry??

161.2. But seems like with spread etc etc my platform has taken me out! Have to say the picture looks very different on metatrader than on IG index which is hwat I use in UK. Looks like you will make you deal. thanks for all of your guidance Lilmoe - it is much appreciated - this Forex is a minefield, but I will get there!
  • #131,542
  • Nov 4, 2008 11:35am Nov 4, 2008 11:35am
Quoting Titus
hey lilmoe,

may i ask what u use for divergences on 1min and 5min chart ? cci ?

thanks
i use CCI and MACD

CCI input 30 (preinstalled on MT4)
MACD found on this thread's clip button under the name: "macd adjustable"
  • #131,543
  • Nov 4, 2008 11:38am Nov 4, 2008 11:38am
Quoting gillybabe
i'm not stopped yet.... what was ur entry??

161.2. But seems like with spread etc etc my platform has taken me out! Have to say the picture looks very different on metatrader than on IG index which is hwat I use in UK. Looks like you will make you deal. thanks for all of your guidance Lilmoe - it is much appreciated - this Forex is a minefield, but I will get there!
well, i'm sorry about that.

i shorted a bit late, it should've been from higher levels. my stop was "above" the highest price it reached. luckily price bounced back down from the same top on the 1m chart.

it's my fault. i should mention the reason behind my SL. plz don't over leverage when u make a trade based on my analysis, u probably don't, but i'm just making sure

i closed 1/3 of that traded for 50 pips, the rest at b/e. we should at least see 1h 5sma where i'm closing another third.
  • #131,544
  • Nov 4, 2008 11:48am Nov 4, 2008 11:48am
Just back in and thought this update might be of interest...

IMO there are two sets of horizontal lines that consistantly work on a chart - the Sweet Spots / Psych Levels / 50s & 100s (mine are in Aqua but ommited here for clarity) AND the daily pivots calculated from the NY close - 5pm est as discussed by that excellent trader - The Dove Alliance.

I posted this in the EJ thread this morning:

I've been busy today with GBPJPY, which has a very similar chart.

The actual low - note that its at at 50 sweet spot - in the Asian Session was clearly on lower momentum as price hardly got below the prior low.

There was a great pull back at the Frankfurt Open to test the 34 ema and from then on the bulls were in charge.

Now price has stalled at the R1 level, so we might see an S1 to R1 range as explained by The Dove.......TWT

The high so far is just a few pips above the R1 level!

Also, note how the 34 ema has supported each pull back and showed a continuation of the rally - DONT fight the 34 ema! - now I'm waiting to see if this last touch also provides a bounce, but after a rally of more than 800 pips I'll be careful.....
Attached Image (click to enlarge)
Click to Enlarge Name: nov 4 gj 5m 1730.gif Size: 21 KB
Trading Levels with WRBs
  • #131,545
  • Nov 4, 2008 11:52am Nov 4, 2008 11:52am
Quoting lilmoe
i use CCI and MACD

CCI input 30 (preinstalled on MT4)
MACD found on this thread's clip button under the name: \"macd adjustable\"
do you use MACD on the 30m?
  • #131,546
  • Nov 4, 2008 11:53am Nov 4, 2008 11:53am
Quoting kairos
forex is very hard for me.

how many years of trading do you need to be profitable guys/girls.



got to have pacience
2 years.

I spent the first year making my Broker rich

I recommend trading a mini account until you get good.
  • #131,547
  • Nov 4, 2008 11:59am Nov 4, 2008 11:59am
Quoting lilmoe
i use CCI and MACD

CCI input 30 (preinstalled on MT4)
MACD found on this thread's clip button under the name: \"macd adjustable\"
thought that, but wasn´t sure about the value... macd i use on my own

thx
  • #131,548
  • Nov 4, 2008 11:59am Nov 4, 2008 11:59am
closed another third for 85 pip...

price is approaching 5m 50ema with a strong bullish HD.
  • #131,549
  • Nov 4, 2008 12:01pm Nov 4, 2008 12:01pm
Quoting plrbear
do you use MACD on the 30m?
i use MACD (input 5,34,9) on all TFs, 1m to monthly.
  • #131,550
  • Nov 4, 2008 12:03pm Nov 4, 2008 12:03pm
doesn't she look cute?

closed half. let's see if the downward move will resume after it goes up a little.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 20 KB
  • #131,551
  • Nov 4, 2008 12:03pm Nov 4, 2008 12:03pm
Quoting Titus
thought that, but wasn´t sure about the value... macd i use on my own

thx
np...

i use default values set on the MACD i use (5,34,9)
  • #131,552
  • Nov 4, 2008 12:04pm Nov 4, 2008 12:04pm
nice one Islander, thanks for the chart
  • #131,553
  • Nov 4, 2008 12:05pm Nov 4, 2008 12:05pm
kos okht my broker! guys, what does wrong quote mean?
I recommend you read something else as this sentence is now concluded.
  • #131,554
  • Nov 4, 2008 12:06pm Nov 4, 2008 12:06pm
Quoting pkimnyc
doesn't she look cute?

closed half. let's see if the downward move will resume after it goes up a little.
she would if the current 1h candle closes bearish as well
  • #131,555
  • Nov 4, 2008 12:07pm Nov 4, 2008 12:07pm
Quoting Obaidah
kos okht my broker! guys, what does wrong quote mean?
  • #131,556
  • Nov 4, 2008 12:08pm Nov 4, 2008 12:08pm
Quoting Obaidah
kos okht my broker! guys, what does wrong quote mean?

easy there big fella!

it mean it doesn't want u to make that trade, looool
  • #131,557
  • Nov 4, 2008 12:08pm Nov 4, 2008 12:08pm
Quoting lilmoe
i use MACD (input 5,34,9) on all TFs, 1m to monthly.
cool. are the settings for that here in this thread?
  • #131,558
  • Nov 4, 2008 12:09pm Nov 4, 2008 12:09pm
Quoting lilmoe
she would if the current 1h candle closes bearish as well
thanks for your input bro.
let's see how it plays out.
  • #131,559
  • Nov 4, 2008 12:09pm Nov 4, 2008 12:09pm
Quoting lilmoe
i'm not stopped yet.... what was ur entry??
I grabbed that trade, nice one, thanks for the tip, lilmoe. I even entered 20 pips higher than you which made me feel really special
  • #131,560
  • Nov 4, 2008 12:11pm Nov 4, 2008 12:11pm
Quoting lilmoe

easy there big fella!

it mean it doesn't want u to make that trade, looool
man i entered a position at 156.5 and added another one at 158, they're closed with 0 profit when i called them they said they was wrong quoted or something like that, am done with them, gotta find another one
I recommend you read something else as this sentence is now concluded.
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