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

  • #134,761
  • Nov 11, 2008 7:59pm Nov 11, 2008 7:59pm
Quoting rgitt05
Based on my chart the first target maybe at the 50% 153.00 area.

Then, the next area will be probably at the 155 area

The RSI crossed up and the MACD crossed up .

The candle is above the Gann-Hilo.

Nice RSI indicator.

What are you using to put the red up arrows on your chart?

Thank you bro.
  • #134,762
  • Nov 11, 2008 7:59pm Nov 11, 2008 7:59pm
Another opportunity on the pullback for a better position for a short.

Good Luck..


Quoting fising
.................
[
  • #134,763
  • Nov 11, 2008 8:01pm Nov 11, 2008 8:01pm
Quoting forexlion
Unless `151 breaks, I will not attempt longs, if it breaks then I will try for 153 if possible, otherwise I still prefer to short to 139 area.
Agreed, short 151.36 for now, sl above 15m tl

It may be a stretch, but oil is going to $53-54 support dragging EU with it. I'm not convinced we've seen the last of the downside in this channel
What's that smell?
  • #134,764
  • Nov 11, 2008 8:01pm Nov 11, 2008 8:01pm
Quoting rgitt05
Friday is redemption day for many traders who want to cash out their investments..If many investors pullout of mutual funds or other investments, it will get really ugly this friday or over the weekend...
In the US at least, there's limits on the cash you can get back at a time, In other words, lets say you have 100k invested and you decide you want it all... You can get a varying percentage fairly quickly. The remainder will be paid doled out per a preset schedule.

They can also "close the gate" for a time and pay nothing out, until a later date as well. What all that means is that altho there won't be a "run" on the funds like a bank run... excessive redemptions will imply a sustained drain on the fund reserves that could easily go well into next year. Most of the major funds have been building cash reserves against this event for weeks, the question wil be "was it enough?"

So substitute "ugly 2-3 months" maybe for "ugly weekend", altho the weekend could easily be ugly in what it signals for the near future...

A “gate” provision is a right of a hedge fund manager to limit the amount of withdrawals on any withdrawal date to not more than a stated percentage of a fund’s net assets — often 10% to 25%, depending on how frequently investors have a right to withdraw capital. Gates are a very common feature in hedge funds of almost all strategies. Imposing a gate slows a potential “run on the fund” by forcing investors to wait until the next regular withdrawal date to receive the unfulfilled balance of their withdrawal requests.."
http://www.hedgefundlawblog.com/what...provision.html
FUBAR...
  • #134,765
  • Nov 11, 2008 8:02pm Nov 11, 2008 8:02pm
wow, it's amazing how EW works. only if the count is right. lol
  • #134,766
  • Nov 11, 2008 8:03pm Nov 11, 2008 8:03pm
Quoting fxslinger
If it makes you feel any better, it's bumping it's head on the top of the polychannel on the 15 minute chart. Keep an eye out for a turn.
yeah thanks...
and moreover it is on 4hr UTL as well...
place to watch..
  • #134,767
  • Nov 11, 2008 8:03pm Nov 11, 2008 8:03pm
Quoting forexlion
Mission 152.50 started, with 150.75 SL,

I selected 152.50 as this is the Kiss of Death Level

pray for me
I pray for you..
I took long from 150.50 target 152.50
  • #134,768
  • Nov 11, 2008 8:04pm Nov 11, 2008 8:04pm
Quoting rgitt05
Another opportunity on the pullback for a better position for a short.

Good Luck..
  • #134,769
  • Nov 11, 2008 8:10pm Nov 11, 2008 8:10pm
It is going to 172-175 level in next few days.
If long hold it with stop below 149 level.
Looks like it finised double zigzag on 4hr chart and started either wave 3 or wave C of elliott wave.
  • #134,770
  • Nov 11, 2008 8:15pm Nov 11, 2008 8:15pm
Hi fxsinger,

I use the MACD crossover alert with setting 6/6/14 for scalping on the 1min and 5min TF..

The arrow will appear when the MACD crossover.

This is the rules I use when I scalp the 1min and 5 min TF.

If the Blue arrow appears, I wait for the blue Heiken Ashi to match the blue before entry. However, the MACD most of the time must cross up for a strong confirmation.

If the Red arrow appears, I wait for the red Heiken Ashi to match the red before entry..However, the MACD most of the time must cross down for a strong confirmation.

During the trade other arrows will appear, I stay in the trade until the MACD cross ..


I attached a template if you want to scalp with it..I am doing well with the scalper I put together from all the indicators I got from FF.




Quoting fxslinger
Nice RSI indicator.

What are you using to put the red up arrows on your chart?

Thank you bro.
Attached Image (click to enlarge)
Click to Enlarge Name: 5min gj.gif Size: 38 KB
Attached File(s)
File Type: tpl superscalper.tpl   8 KB | 346 downloads
[
  • #134,771
  • Nov 11, 2008 8:17pm Nov 11, 2008 8:17pm
Thanks for clarifying the details of the redemption...





Quoting ak4x
In the US at least, there's limits on the cash you can get back at a time, In other words, lets say you have 100k invested and you decide you want it all... You can get a varying percentage fairly quickly. The remainder will be paid doled out per a preset schedule.

They can also "close the gate" for a time and pay nothing out, until a later date as well. What all that means is that altho there won't be a "run" on the funds like a bank run... excessive redemptions will imply a sustained drain on the fund reserves that could easily go well...
[
  • #134,772
  • Nov 11, 2008 8:19pm Nov 11, 2008 8:19pm
Quoting goodbadmas
It is going to 172-175 level in next few days.
If long hold it with stop below 149 level.
Looks like it finised double zigzag on 4hr chart and started either wave 3 or wave C of elliott wave.
good luck.
  • #134,773
  • Nov 11, 2008 8:19pm Nov 11, 2008 8:19pm
Quoting rgitt05
Hi fxsinger,

I use the MACD crossover alert with setting 6/6/14 for scalping on the 1min and 5min TF..

The arrow will appear when the MACD crossover.

This is the rules I use when I scalp the 1min and 5 min TF.

If the Blue arrow appears, I wait for the blue Heiken Ashi to match the blue before entry. However, the MACD most of the time must cross up for a strong confirmation.

If the Red arrow appears, I wait for the red Heiken Ashi to match the red before entry..However, the MACD most of the time must cross down for a strong confirmation.

During...
Thank you! I'll check it out.
  • #134,774
  • Nov 11, 2008 8:20pm Nov 11, 2008 8:20pm
test of uploading charts
Attached Image (click to enlarge)
Click to Enlarge Name: 60m.gif Size: 31 KB
  • #134,775
  • Nov 11, 2008 8:23pm Nov 11, 2008 8:23pm
Any charts to back your theory?

Thanks




Quoting goodbadmas
It is going to 172-175 level in next few days.
If long hold it with stop below 149 level.
Looks like it finised double zigzag on 4hr chart and started either wave 3 or wave C of elliott wave.
[
  • #134,776
  • Nov 11, 2008 8:26pm Nov 11, 2008 8:26pm
How do you trade with so many arrows and MA lines?

What is your target?






Quoting nuancom
test of uploading charts
[
  • #134,777
  • Nov 11, 2008 8:34pm Nov 11, 2008 8:34pm
Sawaddee Krab




Quoting nuancom
test of uploading charts
[
  • #134,778
  • Nov 11, 2008 8:39pm Nov 11, 2008 8:39pm
According to this chart we can see some downtrend.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 18 KB
  • #134,779
  • Nov 11, 2008 8:39pm Nov 11, 2008 8:39pm
Quoting rgitt05
Any charts to back your theory?

Thanks

I have quickly made a chart. If anyone trades this please use stops below 149 levels because pattern is invalidate there and will have to reanalyze.

Later we should get pullback down for better entry. Also if long keep taking incremental profits.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Nov. 11 20.48.JPG Size: 166 KB
  • #134,780
  • Nov 11, 2008 8:41pm Nov 11, 2008 8:41pm
you can always tell when a trade has started to maybe go the wrong way by the decreasing number of posts on this thread!
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