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

  • #154,521
  • Jan 21, 2009 2:20pm Jan 21, 2009 2:20pm
128 anyone?

Que, karmo, Mal, et al good to see you guys.
Patience + Humility + Study = Success
  • #154,522
  • Jan 21, 2009 2:21pm Jan 21, 2009 2:21pm
Quoting Piters
Lol, malc, stop please

we are all noobs here ...
erm, with wanting to sound like an unworldly, arrogant arse, i am not teh noob and much better than you alltogether+2/5

(NOT)
  • #154,523
  • Jan 21, 2009 2:23pm Jan 21, 2009 2:23pm
Quoting Piters
I have to removed, 'cos I cannot list there 2 links, somehow, FF allows you only 200 characters in your signiture.

But, I am still using the same system, and frankly, if you can look at my last charts, they are the same.. (based on EMA 13 and EMA 50). But here is my QUEST acc. on MT4 with my system, little bit modified (thanks to GodfreyH QQE'S)..
Piters I'd be obliged if you could give some explanation about how your system works and the indicators settings.

Thanks
Discipline + Patience - Fear - Greed = Success
  • #154,524
  • Jan 21, 2009 2:23pm Jan 21, 2009 2:23pm
As a noob, the vol in GJ is something that I don't think I'll ever get used to lol
Patience + Humility + Study = Success
  • #154,525
  • Jan 21, 2009 2:23pm Jan 21, 2009 2:23pm
Quoting malcolmb14
ok ok ... I will .,.... ..sorry could not resist..

some guys like old Karmo and you are awesome , as they help so many other traders , sometimes even at the detriment to moving their own trading ahead.

sorry .....

just trying to keep my self from getting out of ES to early .. ...lol
lol. well. if you are saying SO..

Sorry cannot understand you... maybe somebody can help me ??
  • #154,526
  • Jan 21, 2009 2:26pm Jan 21, 2009 2:26pm
Quoting DutchTrader
128 anyone?

Que, karmo, Mal, et al good to see you guys.

crazy insane market

I told DR G this morning on the down move ( that I missed all of ... grrrr ) that this smelled of one big fat bear trap .

I think we may have seen a tepmorary bottom , if those pin bars hold.

We may see some form of flag during Asia ( or not lol ) .... then more up in the UK session

I like the 61.8 % fib retrace at 130 for target.
Blogging daily now at www.volume.zone
  • #154,527
  • Jan 21, 2009 2:28pm Jan 21, 2009 2:28pm
Quoting malcolmb14
ok ok ... I will .,.... ..sorry could not resist..

some guys like old Karmo and you are awesome , as they help so many other traders , sometimes even at the detriment to moving their own trading ahead.

sorry .....

just trying to keep my self from getting out of ES to early .. ...lol
I mean i dont realy understand you. what is the problem Malc..?

you are comming with a 2Y old post..?? I am just saying..

leave it.. just let it GO ... bro..

concentrate on trading and charts..

cheers!
  • #154,528
  • Jan 21, 2009 2:28pm Jan 21, 2009 2:28pm
Quoting DutchTrader
128 anyone?

Que, karmo, Mal, et al good to see you guys.
If and only if it can get above 125.60 area. . . Also, lets not forget the DP @ 126.90 area as well. . .
Daily 5 sma is located at 129.30/60 area which is also where it broke below historical levels. I suspect it should now be very tough resistance but could be challenge if above 4hr gann hi/lo. . . Lets see where it closes today at the end of NY session. . .

Whatz up bro?
  • #154,529
  • Jan 21, 2009 2:28pm Jan 21, 2009 2:28pm
Quoting malcolmb14
crazy insane market

I told DR G this morning on the down move ( that I missed all of ... grrrr ) that this smelled of one big fat bear trap .

I think we may have seen a tepmorary bottom , if those pin bars hold.

We may see some form of flag during Asia ( or not lol ) .... then more up in the UK session

I like the 61.8 % fib retrace at 130 for target.
could you post a chart showing the pin bars you refer too. thanks
  • #154,530
  • Jan 21, 2009 2:29pm Jan 21, 2009 2:29pm
right now the ATR on a 5 min chart is 50 pips

this kind of market can make an account and it can break one if you do not know what you are doing.

noobs be careful. The moves are very exciting , but right now stops have to be 1.5 x atr = 75 pips to stay in a trade off a 5 min chart .
Blogging daily now at www.volume.zone
  • #154,531
  • Jan 21, 2009 2:29pm Jan 21, 2009 2:29pm
Quoting malcolmb14
crazy insane market

I told DR G this morning on the down move ( that I missed all of ... grrrr ) that this smelled of one big fat bear trap .

I think we may have seen a tepmorary bottom , if those pin bars hold.

We may see some form of flag during Asia ( or not lol ) .... then more up in the UK session

I like the 61.8 % fib retrace at 130 for target.
Looks like we're trying to close above 125
Patience + Humility + Study = Success
  • #154,532
  • Jan 21, 2009 2:30pm Jan 21, 2009 2:30pm
Quoting plrbear
could you post a chart showing the pin bars you refer too. thanks

pin bar ... check your daily
Blogging daily now at www.volume.zone
  • #154,533
  • Jan 21, 2009 2:30pm Jan 21, 2009 2:30pm
Quoting Ferick
.....As 119.40 held again. Stop loss at+1- it will probably be hit, but I will let it run as it is risk free.
Guess what? It didn't get hit. 500+ Pips in three hours. This is a record for me. Hope some of you guys caught some of it. I am debating whether I should close this or let it run.... If we get above 125 I will let it run, otherwise I might close.
  • #154,534
  • Jan 21, 2009 2:35pm Jan 21, 2009 2:35pm
Hey Q

Just busy with school and trying to find a job once I'm done . How are things with you?
Patience + Humility + Study = Success
  • #154,535
  • Jan 21, 2009 2:36pm Jan 21, 2009 2:36pm
Quoting Ferick
Guess what? It didn't get hit. 500+ Pips in three hours. This is a record for me. Hope some of you guys caught some of it. I am debating whether I should close this or let it run.... If we get above 125 I will let it run, otherwise I might close.
nice trading ...

with pa on daily it looks like we may be inb for reatrcement all way to 130 ...

unless sellers hit it in London , howver before this trap down move the 15 min on the GU during London was looking like a bottom maybe in.

I would just take partial profit and move stop +250 other half .. you may be pleasently surprised
Blogging daily now at www.volume.zone
  • #154,536
  • Jan 21, 2009 2:41pm Jan 21, 2009 2:41pm
We'll have to close above 125ish in NY to reach 130 in Asia
Patience + Humility + Study = Success
  • #154,537
  • Jan 21, 2009 2:42pm Jan 21, 2009 2:42pm
hey there Q
  • #154,538
  • Jan 21, 2009 2:49pm Jan 21, 2009 2:49pm
Quoting DutchTrader
We'll have to close above 125ish in NY to reach 130 in Asia
the other option is that we get bull flag off 125 .... to 38 .2 % reatrce then take off in London session

bank sector came off lows today .. I mentioned yesterday I would not be going long till banmk sector reverses

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Blogging daily now at www.volume.zone
  • #154,539
  • Jan 21, 2009 2:50pm Jan 21, 2009 2:50pm
A good place to short "scalp" would be at around 125.60. I see a lot of resistances here, 4H gann, 1H 50ema and 38.2 fib level. This retrace could become full reversal next week. 100% fib level at 135.82 is well within reach. A close above 4H gann would support this move.
  • #154,540
  • Jan 21, 2009 2:51pm Jan 21, 2009 2:51pm
Quoting malcolmb14
nice trading ...

with pa on daily it looks like we may be inb for reatrcement all way to 130 ...

unless sellers hit it in London , howver before this trap down move the 15 min on the GU during London was looking like a bottom maybe in.

I would just take partial profit and move stop +250 other half .. you may be pleasently surprised
did you anticipate this trap using volume? if yes, could you explain why and how please?
I recommend you read something else as this sentence is now concluded.
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