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

  • #150,281
  • Dec 18, 2008 9:25am Dec 18, 2008 9:25am
Quoting belekas
What was your entry based on?
I was waiting all the time for a break out down side, after breaking 1.4530 (red line) on 5Min chart and then retest it again, i cought the first milky candle

edit: EU is working very well with break-out strategy!
Attached Image (click to enlarge)
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  • #150,282
  • Dec 18, 2008 9:25am Dec 18, 2008 9:25am
Quoting Piters
lool, mate, I like the most: range of 300-500 pips are the best.. You can make plenty, plenty,, always patterns, counts, TL.. all works..

However, my % is the best in ranging market, even a big drop, of 500 or 800 pips is nothing, compare with the range.. all Indicators works, you can compare, predict, ect..
It is not only to complain about the PA.. YES, I agree, there is a times when PA is very tricky, but few pills, and wait for the Right setup.

(now, only with one setup I made today about 300pips, someone else maybe more..)

p.s. please...
OK. From anewbie then, what is the diff between ranging and chopping pls? Thanks
  • #150,283
  • Dec 18, 2008 9:25am Dec 18, 2008 9:25am
Quoting mktjong
I have noticed you shorted this pair for three times and lose three times as well .. I hope you get it this time .. This beast won't get down much buddy ..I think the current price is good to get not short ..

in case u havent noticed my chatter, i communicate when we are close to tops and bottoms of swing area's not in between, check the history.
I can take many many small hits for weeks But when i catch like today off the hi and yesterday on yen off the lo. i kill it

Good luck to trading methods
"Millionaires don't use astrology, billionaires do"
  • #150,284
  • Dec 18, 2008 9:30am Dec 18, 2008 9:30am
Quoting OrionsWay
in case u havent noticed my chatter, i communicate when we are close to tops and bottoms of swing area's not in between, check the history.
I can take many many small hits for weeks But when i catch like today off the hi and yesterday on yen off the lo. i kill it

Good luck to trading methods
Cool man .. I see hidden bullish div on m15, m30, 1h .. let's see ..
  • #150,285
  • Dec 18, 2008 9:44am Dec 18, 2008 9:44am
Please i will like to know if there is anyone here who is having problems with accucharts lately.

It is so slow in downloading. I also discover that sometimes when one exit a chart and open another, the same pair and and same TF. The position of the moving averages might have changed. I have noticed this quite often in recent times and it can be quite misleading.

Can anyone using accuchart share his/her experience. Will like to know if it is just mine that does that. Thanks
  • #150,286
  • Dec 18, 2008 9:44am Dec 18, 2008 9:44am
Quoting gillybabe
OK. From anewbie then, what is the diff between ranging and chopping pls? Thanks
sorry mate, I have to take some additional searches to find the right deffinition:

1. RANGE: A stock that trades in a range for an extended period of time is sometimes said to be in a channel.

http://www.investopedia.com/terms/r/range.asp

2. CHOPPY: A stock market condition whereby prices swing up and down considerably but with no resulting overall price movement in either direction.

http://www.investopedia.com/terms/c/...t.asp?viewed=1


So, in Choppy market, you have to wait, for the right setup, or for PA to start ranging, chanel, wegde, triangles, or any other pattern,

Coppy is where we are having no direction, PA acting like crazy.. ect..
  • #150,287
  • Dec 18, 2008 9:44am Dec 18, 2008 9:44am
Quoting Piters
lool, mate, I like the most: range of 300-500 pips are the best.. You can make plenty, plenty,, always patterns, counts, TL.. all works..

However, my % is the best in ranging market, even a big drop, of 500 or 800 pips is nothing, compare with the range.. all Indicators works, you can compare, predict, ect..
It is not only to complain about the PA.. YES, I agree, there is a times when PA is very tricky, but few pills, and wait for the Right setup.

(now, only with one setup I made today about 300pips, someone else maybe more..)

p.s. please...
I agreed with you ranging mode is good ...we can make hundred of pips from ranging market but traders need to know how to read it (ranging market). I believe you can read it.
  • #150,288
  • Dec 18, 2008 9:49am Dec 18, 2008 9:49am
Quoting Piters
sorry mate, I have to take some additional searches to find the right deffinition:

1. RANGE: A stock that trades in a range for an extended period of time is sometimes said to be in a channel.

http://www.investopedia.com/terms/r/range.asp

2. CHOPPY: A stock market condition whereby prices swing up and down considerably but with no resulting overall price movement in either direction.

http://www.investopedia.com/terms/c/...t.asp?viewed=1





So, in Choppy market, you have to wait, for the right setup, or...
Thanks Piters. So we are in a choppy market at present or are we ranging between 134.9 to 138?
  • #150,289
  • Dec 18, 2008 10:03am Dec 18, 2008 10:03am
does it went above the daily pivot to take the stops????
  • #150,290
  • Dec 18, 2008 10:04am Dec 18, 2008 10:04am
Quoting gillybabe
Thanks Piters. So we are in a choppy market at present or are we ranging between 134.9 to 138?
will try to explain (even with my not that reach english)

see, it is vary, from the traders perspective: for some of the traders, this is a choppy market, specialy on 4H chart seams no direction strong support @ 135 area (few double or tripple candles, stops there, and from other on on 139 area again 8 candles all tops there on strong resistance level.. so,
form a trader who trade in 4H Time frame, this is a choppy, no direction, jumping, YOYO, ect.. BUT..

from scalpers perspective is diferent: 135 - 139 area is a huge range; plenty of opportunities. Lilmoe has a diferent approach, he is catching all bounces from gann and 50ema (1min, 5min, 15min, 1h, and 4h ); Malcolm is not here today, but he is looking on 1min, 5 min, and latelly 144 tick, and he is taking the small chanels using his RSI..

Today is a good examplpe how you can wait and recognize when choppy is going in range. I did a nice one with that chanel and Elliott waves unfolding..

SO. tho short this, realy is up to perspective, and Timeframe you are trading with..

HUH, I hope you can understand my writing (no spellings, correction plz )
  • #150,291
  • Dec 18, 2008 10:06am Dec 18, 2008 10:06am
Ooooops


1.4485 entry sl now 1.4441
"Millionaires don't use astrology, billionaires do"
  • #150,292
  • Dec 18, 2008 10:06am Dec 18, 2008 10:06am
Quoting geppypips
does it went above the daily pivot to take the stops????

Actualy Elected president OBAMA speaks, and that is why the price jumped a bit.. let see what is the next impact of that speach.. ,

BTW above the DPP [136.47] you have a 1H gann and 50 ema [1h] just rejected from there
  • #150,293
  • Dec 18, 2008 10:09am Dec 18, 2008 10:09am
Sorry if this has been posted as I have been away from the forums for the last couple of days.

I see a H&S on the 15M

B
  • #150,294
  • Dec 18, 2008 10:09am Dec 18, 2008 10:09am
Quoting Piters
Actualy Elected president OBAMA speaks, and that is why the price jumped a bit.. let see what is the next impact of that speach.. ,

BTW above the DPP [136.47] you have a 1H gann and 50 ema [1h] just rejected from there
Oh yea.. sometimes i stick to one TF and forget others. thanks friend
  • #150,295
  • Dec 18, 2008 10:12am Dec 18, 2008 10:12am
Quoting OrionsWay
Ooooops


1.4485 entry sl now 1.4441


Covering a little yen

SL's now 88.34

Euro stop 4290 and trailing 15 pips
"Millionaires don't use astrology, billionaires do"
  • #150,296
  • Dec 18, 2008 10:16am Dec 18, 2008 10:16am
now what the heck is this?!?
Nihil Sine Deo.
  • #150,297
  • Dec 18, 2008 10:17am Dec 18, 2008 10:17am
Quoting Scrat
now what the heck is this?!?
hey there!! enjoying ur stops getting hit??
  • #150,298
  • Dec 18, 2008 10:17am Dec 18, 2008 10:17am
There is talk of Japanese intervention and rate cut so expect gj, uj to soar
  • #150,299
  • Dec 18, 2008 10:18am Dec 18, 2008 10:18am
Quoting Scrat
now what the heck is this?!?
Its called PISS the traders off day!lolol
  • #150,300
  • Dec 18, 2008 10:20am Dec 18, 2008 10:20am
no, not at all. i am short all the way! i am collecting pips on the way down.

p.s. hey there! what's up?

Quoting lilmoe
hey there!! enjoying ur stops getting hit??
Nihil Sine Deo.
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