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

  • #137,021
  • Nov 16, 2008 9:53pm Nov 16, 2008 9:53pm
hey there fellow sifu@pro's

being following up with this thread for a while already and it was great to see and learn for all the pro's here .....

i'm a nood here and pls welcome me here

i have one problem here

i'm unable to run the VT STOP reverse system indiactor as shown in page 1 by auslanco ....

can some one help me here ...i'm using the ibfx Mt4 .....

your help will be highly appreciated
  • #137,022
  • Nov 16, 2008 9:53pm Nov 16, 2008 9:53pm
nice call bro


Quoting malcolmb14
champagne would be better
  • #137,023
  • Nov 16, 2008 9:57pm Nov 16, 2008 9:57pm
Quoting Dmac
Thanks not all profit on that trade. had 2 losers and 2 winners but good money management.
way to go bro.
  • #137,024
  • Nov 16, 2008 9:58pm Nov 16, 2008 9:58pm
Quoting malcolmb14
this is fib ext ... then when 100 is hit I look for retracement

I draw fib retracements of up move

symmetry on this right now is +200 - 100 + 200 takes us to 144.15

I think it may get another retracement though .... 143.6 is minor fib level

Attachment
Thanks MB ... nice and simple
Discipline + Patience - Fear - Greed = Success
  • #137,025
  • Nov 16, 2008 9:59pm Nov 16, 2008 9:59pm
Quoting malcolmb14
this is fib ext ... then when 100 is hit I look for retracement

I draw fib retracements of up move

symmetry on this right now is +200 - 100 + 200 takes us to 144.15

I think it may get another retracement though .... 143.6 is minor fib level

Attachment

I also use 127% extension and I think lot of other trades also use it. It will be use full to add it also.
  • #137,026
  • Nov 16, 2008 9:59pm Nov 16, 2008 9:59pm
new fibs plotted off last low 142/25

gives us confluences

144.1 , 144.7 , breaks that 145.67 , but would expect good reatrce before that


I do not like top here and closed 143.85 for now

In fact expecting retrace off 144 / 144.15

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy91.png Size: 173 KB
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  • #137,027
  • Nov 16, 2008 10:01pm Nov 16, 2008 10:01pm
Quoting goodbadmas
I also use 127% extension and I think lot of other trades also use it. It will be use full to add it also.
my favorite extension
  • #137,028
  • Nov 16, 2008 10:01pm Nov 16, 2008 10:01pm
Quoting goodbadmas
I also use 127% extension and I think lot of other trades also use it. It will be use full to add it also.

nah .... I just plot in another set as trade moves up ... I find it works better for me

138.2 is the one between 100 and 161.8 that a lot of traders use
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  • #137,029
  • Nov 16, 2008 10:01pm Nov 16, 2008 10:01pm
small short at 143.63 with tight stop
  • #137,030
  • Nov 16, 2008 10:02pm Nov 16, 2008 10:02pm
Quoting Dmac
small short at 143.63 with tight stop
lol not time to short yet
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  • #137,031
  • Nov 16, 2008 10:05pm Nov 16, 2008 10:05pm
Quoting malcolmb14
new fibs plotted off last low 142/25

gives us confluences

144.1 , 144.7 , breaks that 145.67 , but would expect good reatrce before that


I do not like top here and closed 143.85 for now

In fact expecting retrace off 144 / 144.15

Attachment
Hey Malc , I'm thinking retrace to about 143.15. What do u see
  • #137,032
  • Nov 16, 2008 10:06pm Nov 16, 2008 10:06pm
Quoting malcolmb14
lol not time to short yet
maybe .,.. seems to be topping out

not going short just yet ....


I think we get upthrust to 144.15 has to happen
Blogging daily now at www.volume.zone
  • #137,033
  • Nov 16, 2008 10:06pm Nov 16, 2008 10:06pm
Quoting malcolmb14
lol not time to short yet
malcom, mind to share your method pls?nb wanted to learn..
  • #137,034
  • Nov 16, 2008 10:08pm Nov 16, 2008 10:08pm
Quoting alsup1955
Hey Malc , I'm thinking retrace to about 143.15. What do u see

depnds where pivot is

if 144.15 ... then 143,15 sounds good

moving +200 - 100 +200 right now .. been an easy 450 pip night for me
Blogging daily now at www.volume.zone
  • #137,035
  • Nov 16, 2008 10:10pm Nov 16, 2008 10:10pm
Quoting malcolmb14
lol not time to short yet

I know I know. It was only a 20 dollar loss. And there it is 144
  • #137,036
  • Nov 16, 2008 10:10pm Nov 16, 2008 10:10pm
bears seem dead for the moment, heading back to fridays high imo

but im still just a novice, so what do i know?
  • #137,037
  • Nov 16, 2008 10:12pm Nov 16, 2008 10:12pm
Quoting alanz76
malcom, mind to share your method pls?nb wanted to learn..
that is like me teaching you to fly a plane .

I use 3 different charting software( dynamic trader , esignal , trade guider ), rsi , volume spread analysis , coupled with fib extensions and retracements

for me it is simple ... for others they have no clue what i am talking about lol

I use fib extensions and symmetry for targets ... ie up move was =200 , then _100 retrace , now +200 move into 144.15 , which is also the 138 % of my 1-2-3 buy with fib extensions plotted on it

144.10 is a short for me
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  • #137,038
  • Nov 16, 2008 10:12pm Nov 16, 2008 10:12pm
small short again at 144.
  • #137,039
  • Nov 16, 2008 10:14pm Nov 16, 2008 10:14pm
Quoting Dmac
small short again at 144.
me too hope this plays out
  • #137,040
  • Nov 16, 2008 10:14pm Nov 16, 2008 10:14pm
Quoting malcolmb14
that is like me teaching you to fly a plane .

I use 3 different charting software( dynamic trader , esignal , trade guider ), rsi , volume spread analysis , coupled with fib extensions and retracements

for me it is simple ... for others they have no clue what i am talking about lol

I use fib extensions and symmetry for targets ... ie up move was =200 , then _100 retrace , now +200 move into 144.15 , which is also the 138 % of my 1-2-3 buy with fib extensions plotted on it

144.10 is a short for me


note declining volume going into expected reversal zone ....last green up bar was no demand bar

not bad place for short

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