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

  • #152,461
  • Jan 12, 2009 5:54pm Jan 12, 2009 5:54pm
Goodnite bro
Quoting arezab
Thanks PB.

I fancy RSX because it's a smoothed RSI ... it's fine but I like OSMA with RSI 14 which shows divergences much better (JMHO) and gives me more precise entries (using PA and chart patterns of course) ...

I'm going to bed for 4 or 5 hours ... good night everybody
[
  • #152,462
  • Jan 12, 2009 5:56pm Jan 12, 2009 5:56pm
Quoting arezab
Thanks PB.

I fancy RSX because it's a smoothed RSI ... it's fine but I like OSMA with RSI 14 which shows divergences much better (JMHO) and gives me more precise entries (using PA and chart patterns of course) ...

I'm going to bed for 4 or 5 hours ... good night everybody
Well, can't bet a lot on it yet, but so far it had a decent signals on 5min with the trend. It is also a good add up to my system.
Anyway, good night!
  • #152,463
  • Jan 12, 2009 5:58pm Jan 12, 2009 5:58pm
Quoting rgitt05
Is this a bearish divergence?

Still learning about this indicators and the setups...

Before I go I just wanted to answer ... yes it is a bearish hidden divergence and quite a nice one. I don't know if you caught the short or not. The entry was after that pin bar.

Discipline + Patience - Fear - Greed = Success
  • #152,464
  • Jan 12, 2009 5:59pm Jan 12, 2009 5:59pm
Quoting karmostaji
there is a chance.
that is also a 5sma on 4hr and a 50 retrace of the move from 135,09 to 131,8
  • #152,465
  • Jan 12, 2009 6:07pm Jan 12, 2009 6:07pm
is at 133.50 i will be shorting here if it gets there under the daily we
are back to bearish mode in my opinion seeking lower lows higher lows have been taken out today which was kinda on the cards with such a strong sterling rally in such a short period what with the bigger economic picture / situation japan lays off its part time workers the uk shuts plants down emmm i closed out at 137.40ish from 139 ish thought there would have been a retrace there i was wrong so ive waited since friday for another op maybe tonight with a bit of luck but im stuck in another pair totally my own fault running at a loss kinda big and we all hate that anyway thats my thoughts which as always could mean dito in this climate

trade well gang

my loss is shorting gbp against chf since thursday hence the last post
  • #152,466
  • Jan 12, 2009 6:12pm Jan 12, 2009 6:12pm
Quoting malcolmb14
already short Karmo off 136.50 ... been day trading other positions .. one long right now off 132 for my 100 asian pips ...lol

target 130 / 128 and then see what i get from there ....

so much for the 100 ... closed trade at +45 ... calling it a day for day trading

There are no buyers interested in this pair at all ... should be an interesting London session
Blogging daily now at www.volume.zone
  • #152,467
  • Jan 12, 2009 6:22pm Jan 12, 2009 6:22pm
Quoting malcolmb14
so much for the 100 ... closed trade at +45 ... calling it a day for day trading

There are no buyers interested in this pair at all ... should be an interesting London session

hey malcolmb14, closed out mine as well, i was only at +32 but a decent scalp none the less.

great info you have provided on this site as well. thanks
  • #152,468
  • Jan 12, 2009 6:37pm Jan 12, 2009 6:37pm
Yeah but is it a bear flag or a bottom?!
Money & Pain Respect the market, protect your capital, be patient
  • #152,469
  • Jan 12, 2009 6:38pm Jan 12, 2009 6:38pm
Quoting toyboy tramp
Yeah but is it a bear flag or a bottom?!

what tf
  • #152,470
  • Jan 12, 2009 6:42pm Jan 12, 2009 6:42pm
Quoting cohiba pips
what tf
hourly, moving up to the 4hr the last candle could be a plug, but then it's too early to call it, watch and wait is what I'm doing, longs are bleeding tho
Money & Pain Respect the market, protect your capital, be patient
  • #152,471
  • Jan 12, 2009 6:43pm Jan 12, 2009 6:43pm
looks to be comiing back, what you think?


Quoting cohiba pips
is at 133.50 i will be shorting here if it gets there under the daily we
are back to bearish mode in my opinion seeking lower lows higher lows have been taken out today which was kinda on the cards with such a strong sterling rally in such a short period what with the bigger economic picture / situation japan lays off its part time workers the uk shuts plants down emmm i closed out at 137.40ish from 139 ish thought there would have been a retrace there i was wrong so ive waited since friday for another op maybe tonight with a bit of luck but im...
  • #152,472
  • Jan 12, 2009 6:43pm Jan 12, 2009 6:43pm
Thanks, I caught PA on my 4hr GU chart with the H&S formation....

I posted it in the past..




Quoting arezab
Before I go I just wanted to answer ... yes it is a bearish hidden divergence and quite a nice one. I don't know if you caught the short or not. The entry was after that pin bar.

[
  • #152,473
  • Jan 12, 2009 6:57pm Jan 12, 2009 6:57pm
Quoting educatedthug
looks to be comiing back, what you think?
well ive been watching closely and asked members for advice right now im holding till b/e then im out even if there is profit to be made i made a mistake and will probably pay the price it may reach 1.57 but its really hard to say and thats a bit amibitious when i entered that was my target now i just want out i took a risk and lost as i dont know this pair that well but it kinda moves with geppy at the moment which is good for our shorts re post another question if im not clear as im better at trading than talking lol
  • #152,474
  • Jan 12, 2009 7:05pm Jan 12, 2009 7:05pm
I am no expert, but I am going long and taking my chances on this one with a 40 or so pip risk! Good luck to everyone!
  • #152,475
  • Jan 12, 2009 7:23pm Jan 12, 2009 7:23pm
Quoting cohiba pips
well ive been watching closely and asked members for advice right now im holding till b/e then im out even if there is profit to be made i made a mistake and will probably pay the price it may reach 1.57 but its really hard to say and thats a bit amibitious when i entered that was my target now i just want out i took a risk and lost as i dont know this pair that well but it kinda moves with geppy at the moment which is good for our shorts re post another question if im not clear as im better at trading than talking lol

u said it all, i did the same, my b/e is 6150 i too aimin for 1.57 hell of a ride, u know my broker tried to get me to liqidate friday . mofo
  • #152,476
  • Jan 12, 2009 7:28pm Jan 12, 2009 7:28pm
Quoting educatedthug
u said it all, i did the same, my b/e is 6150 i too aimin for 1.57 hell of a ride, u know my broker tried to get me to liqidate friday . mofo
the markets quiet what the hell whats mofo lol

im long geppy just to keep the thread going from 131.99 tp 132 ish lets see
  • #152,477
  • Jan 12, 2009 7:35pm Jan 12, 2009 7:35pm
Quoting educatedthug
u said it all, i did the same, my b/e is 6150 i too aimin for 1.57 hell of a ride, u know my broker tried to get me to liqidate friday . mofo
woah! Yea, they can be mofo's fo sho! That's a long ways up, good luck! Hope you didn't go too huge! Best wishes for a nice turn around...
  • #152,478
  • Edited 7:42pm Jan 12, 2009 7:40pm | Edited 7:42pm
Quoting cohiba pips
the markets quiet what the hell whats mofo lol

im long geppy just to keep the thread going from 131.99 tp 132 ish lets see

what u think our chances are, I dont wanna go back way up, im scalpin within it, but scared to trade another pair till i get outta here, also long from 131.99 , he said gbp/chf was headed to 1.77
  • #152,479
  • Edited 8:17pm Jan 12, 2009 7:42pm | Edited 8:17pm
longs are very risky right now looks like the 1 percent isnt playing out tonight

macolm - i always play that game before i catch a few zzzz see

you guys at london
  • #152,480
  • Jan 12, 2009 7:49pm Jan 12, 2009 7:49pm
i think if we go up to 133.60 area and then went back down again we will be forming inverted cup and handle which will take GJ to around 126-127
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