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

  • #142,721
  • Nov 25, 2008 11:57am Nov 25, 2008 11:57am
Quoting $teve
Dow -99 and GJ still hanging on. I guess they only correlate 54% of the time.
today you have to watch the DX (use index).

It is weak , thus meaning that GU trying to move up

most of the moves today in gj are correlated with GU and not UJ. Hence the dj will not have as much effect on it.
Blogging daily now at www.volume.zone
  • #142,722
  • Nov 25, 2008 11:57am Nov 25, 2008 11:57am
Quoting Yaad
we're gonna crash soon
Dow can swing a few hundred points either way in the last few minutes of trading. Keep in mind that the Dow opens up about 100 points today so anything can happen.
  • #142,723
  • Nov 25, 2008 11:57am Nov 25, 2008 11:57am
Quoting Piters
and close another 45 pips form my FIB's level
you are rocking today bro.
  • #142,724
  • Nov 25, 2008 12:01pm Nov 25, 2008 12:01pm
Today is a good day to scalp. Did everyone notice how every time GJ touches the daily pivot it always bounce up about 40+ pips? It's been doing that a few times now. That's easy money right there.
  • #142,725
  • Nov 25, 2008 12:01pm Nov 25, 2008 12:01pm
man .. this PA is very risky to play with .. even on 5M chart. Stopped out twice for a total of -64 pips.
Discipline + Patience - Fear - Greed = Success
  • #142,726
  • Nov 25, 2008 12:02pm Nov 25, 2008 12:02pm
Quoting arezab
man .. this PA is very risky to play with .. even on 5M chart. Stopped out twice for a total of -64 pips.
tell me about it
  • #142,727
  • Nov 25, 2008 12:03pm Nov 25, 2008 12:03pm
Quoting pkimnyc
you are rocking today bro.
YES, excelent Week I can say...

you know what, I know that after 2 - 2.30 pm the market will break to up or down side, I belive to downside...but I have to go to sleep 5am

c'ya guys
  • #142,728
  • Nov 25, 2008 12:03pm Nov 25, 2008 12:03pm
dj make H&S pattern on M15 . price is near the neck, if break the neck free fall would come and gj would be effected. by theway what is this strage pattern for S&P flat flat spike flat flat!!!!!
  • #142,729
  • Nov 25, 2008 12:03pm Nov 25, 2008 12:03pm
Quoting arezab
man .. this PA is very risky to play with .. even on 5M chart. Stopped out twice for a total of -64 pips.

me too...wiped out most of wins
  • #142,730
  • Nov 25, 2008 12:07pm Nov 25, 2008 12:07pm
lol...it's bouncing off the DP again. I notice the bounce got smaller and smaller each time. It follows the laws of physics.
  • #142,731
  • Nov 25, 2008 12:08pm Nov 25, 2008 12:08pm
Quoting arezab
man .. this PA is very risky to play with .. even on 5M chart. Stopped out twice for a total of -64 pips.

that is why i was only in the fx market for 2 hr today ... got my 200 pips and called it a day. Why spend all day trading only to give back what you made in 1.5 hrs ?

I have been shorting the Ym today as it is much smoother and under the open rnage so it is bearish for day so far and relatively easy to trade when compared to GJ as it is not jumping all over the place like a jack rabbit on crack
Blogging daily now at www.volume.zone
  • #142,732
  • Nov 25, 2008 12:09pm Nov 25, 2008 12:09pm
absolutely , but like Arezab posted..very risky for me..as well..
Quoting $teve
Today is a good day to scalp. Did everyone notice how every time GJ touches the daily pivot it always bounce up about 40+ pips? It's been doing that a few times now. That's easy money right there.
  • #142,733
  • Nov 25, 2008 12:10pm Nov 25, 2008 12:10pm
Quoting Piters
YES, excelent Week I can say...

you know what, I know that after 2 - 2.30 pm the market will break to up or down side, I belive to downside...but I have to go to sleep 5am

c'ya guys

take care bro. see you @ tokyo station. lol
  • #142,734
  • Nov 25, 2008 12:12pm Nov 25, 2008 12:12pm
Quoting susufx
me too...wiped out most of wins
scalping should stop before 11:00 am (est) before london boys pack up.
i think. it get's crazy after that.
  • #142,735
  • Nov 25, 2008 12:14pm Nov 25, 2008 12:14pm
Quoting susufx
me too...wiped out most of wins
susufx, I sent u a PM few hours ago.

I tried testing it on demo on 1-min for better entries.
The way it works is need a double crossover of Gann line (sometimes) if price is toppish & ranging like today.
CCI decipherer
  • #142,736
  • Nov 25, 2008 12:15pm Nov 25, 2008 12:15pm
Quoting malcolmb14
that is why i was only in the fx market for 2 hr today ... got my 200 pips and called it a day. Why spend all day trading only to give back what you made in 1.5 hrs ?

I have been shorting the Ym today as it is much smoother and under the open rnage so it is bearish for day so far and relatively easy to trade when compared to GJ as it is not jumping all over the place like a jack rabbit on crack
Yeah I must stop trading for today. I'm with you. But I've to say today was just crazy. Never seen such up and down day.
Discipline + Patience - Fear - Greed = Success
  • #142,737
  • Nov 25, 2008 12:16pm Nov 25, 2008 12:16pm
YM is bouncing from daily gann. 4h MACD is overbought a bit, i think it will consolidate a bit then shoot back up... i have no reason to think it will go back to the lows again. daily bullish divergence didn't show us its entire play yet, and i'm expecting ym anywhere between 9000 and 9400 this week. if we close above 8700 today, we might even go higher than 9400.

cable does not have any sign of recovery yet. next stop is 1.56, 4h doesn't show any sign of bearishness, and CCI is well over the 100 line, it even bounced from there on our test of 4h gann. GU is going to close above daily gann today, we might have a 5sma retracement the following day, but that would be a good opportunity to add more longs.

GU should be the GJ's driver this week and weeks to follow.

i'm long again at 145.60 by the way for another test of 148, and hopefully we'll get that sucker to break.
  • #142,738
  • Nov 25, 2008 12:16pm Nov 25, 2008 12:16pm
Quoting capetown
absolutely , but like Arezab posted..very risky for me..as well..
Depends on your entry. If you entered at 5m 50ema, then you would have been stopped out. But if you entered a buy at or near the pivot and use a 50 pips stop, you wouldn't have been stopped out. And your tp would have been in the 100+ pips twice or three times.
  • #142,739
  • Nov 25, 2008 12:17pm Nov 25, 2008 12:17pm
beginners luck: +447 pips scalping today...
(demo account)

btw, susu, thx for sharing your 5m system.
the only problem I have with the template
is that the signals indicator on the upper right corner
doesn't work... where can I redownload it?

thanks again!

dj
  • #142,740
  • Nov 25, 2008 12:22pm Nov 25, 2008 12:22pm
Quoting sogt725
susufx, I sent u a PM few hours ago.

I tried testing it on demo on 1-min for better entries.
The way it works is need a double crossover of Gann line (sometimes) if price is toppish & ranging like today.

hey i replied a while ago...let me know if you got my reply.

Usually on a day like this I dont trade not sure why im here today. Markets too choppy. I really think trading 1m charts on geppy is dangerous. It's always good to have a safe confirmed entry with less drawdown then to try to get in ahead of the game and soon learn you're on the wrong side. I suggest sticking to 5m charts if you're planning on trading my system. 1m is good to look at for exits and better entries after 5m is confirmed.
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