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

  • #155,121
  • Jan 23, 2009 12:40am Jan 23, 2009 12:40am
Quoting yentastic
Just gone long from 120.50 i have set tp for daily pivot we will see some spike at 9.30 uk time so i have no stop on this trade but i do have a hedge at 118.00 just in case


good luck all
I've yet to see buyers take control. Why did you go long there?
  • #155,122
  • Jan 23, 2009 12:42am Jan 23, 2009 12:42am
Like I said as long as price remains below 4h gann, the pressure is to the downside. 4h QQE shows bearish continuation as long as price remains below 4h gann, a break of 119.50 and GJ shall tank hard and fast.

Wait for confirmation and DO NOT trade without a stop-loss, please.
Trade what you see, not what you think.
  • #155,123
  • Jan 23, 2009 12:43am Jan 23, 2009 12:43am
Quoting Petefaders
I've yet to see buyers take control. Why did you go long there?
Exactly, follow the chart and let others with smelly fingers pick tops/bottoms lol
Trade what you see, not what you think.
  • #155,124
  • Jan 23, 2009 12:44am Jan 23, 2009 12:44am
Quoting karmostaji
Exactly, follow the chart and let others with smelly fingers pick tops/bottoms lol
Agree. There are no reasons to go long right now, unless you fancy a small punt based on PA.
  • #155,125
  • Jan 23, 2009 12:46am Jan 23, 2009 12:46am
Quoting karmostaji
Exactly, follow the chart and let others with smelly fingers pick tops/bottoms lol
lol, agreed. By the way, I don't think Malcolmb is arrogant, just confident. He has a very humble side when he's not trading and schooling noobs.
  • #155,126
  • Jan 23, 2009 12:50am Jan 23, 2009 12:50am
I agree, with you guys.

still there is a one 50 ema [5min] retest DUE, after FE161 was hit.. and we may sit and range here next couple of bars [15min] and then retest 50 ema before we continue down..

I''ll reshort on next pull back//

c''ya in 1h guys
  • #155,127
  • Jan 23, 2009 12:50am Jan 23, 2009 12:50am
Quoting Petefaders
lol, agreed. By the way, I don't think Malcolmb is arrogant, just confident. He has a very humble side when he's not trading and schooling noobs.
He is moody, just like when a woman is pregnant, 2 mins he's cool and then he's arrogant and then rude and then funny.

Maybe he's having his PMS, lol jk
Trade what you see, not what you think.
  • #155,128
  • Jan 23, 2009 12:53am Jan 23, 2009 12:53am
  • #155,129
  • Jan 23, 2009 12:53am Jan 23, 2009 12:53am
Quoting Petefaders
I've yet to see buyers take control. Why did you go long there?
On the low time frames it was over sold i hit my sell TP i set after london last night daily pivot enter and tp of 120.50 so i had some pips in the bag so i seen little risk on the trade also
Private Account Manager & Trader since 1999
  • #155,130
  • Jan 23, 2009 12:57am Jan 23, 2009 12:57am
Quoting karmostaji
Exactly, follow the chart and let others with smelly fingers pick tops/bottoms lol


waiting for next dip to buy again


I scalp in main remember so i go against trend many times but i use 1m charts to enter.
Private Account Manager & Trader since 1999
  • #155,131
  • Jan 23, 2009 12:57am Jan 23, 2009 12:57am
Quoting yentastic
On the low time frames it was over sold..
You're using oversold on small TF as an indicator for a 200 pip move up? (dp)
  • #155,132
  • Jan 23, 2009 1:03am Jan 23, 2009 1:03am
Quoting karmostaji
Exactly, follow the chart and let others with smelly fingers pick tops/bottoms lol
  • #155,133
  • Jan 23, 2009 1:04am Jan 23, 2009 1:04am
Quoting Petefaders
You're using oversold on small TF as an indicator for a 200 pip move up? (dp)
I use small time frames to scalp but if you look back to my posts yesterday i gave a trade that g/j would close at daily pivot london close and i had 2 x longs 150 pips below this point and as we know both came in as g/j went to DP as london closed

I will enter say 2 x long on 1m chart 1 as scalp ( closed 50 pips ) other still open tp daily pivot ( london close )

I will also for rest of day scalp up and down as i see the trades for 20-60 pips per scalp.

Also look back at my posts you will see i have 2 x long term trades long from 120 and 125 on g/j ...
Private Account Manager & Trader since 1999
  • #155,134
  • Jan 23, 2009 1:14am Jan 23, 2009 1:14am
I will watch the effect at 9.30 GMT and if as expected we will see a spike down i will try fine bottom ( over sold on 1m ) and get in a nice scalp for up to 100 pips

i will let you know how it goes.

The first release of 4Q UK GDP will likely show a sizable 1.1% Q-Q contraction, says UniCredit, with the deepening industrial recession and shrinking services activity contributing to the negative GDP print. Retail sales are also likely to be ugly, says the bank, with a -1.5% reading in December. The numbers hit the wires at 0930 GMT
Private Account Manager & Trader since 1999
  • #155,135
  • Jan 23, 2009 1:20am Jan 23, 2009 1:20am
Hi everyone,

I am new to this forum and would like to get the indicators used for Karmo's method.

Thank you.
  • #155,136
  • Jan 23, 2009 1:20am Jan 23, 2009 1:20am
Quoting yentastic
I use small time frames to scalp but if you look back to my posts yesterday i gave a trade that g/j would close at daily pivot london close and i had 2 x longs 150 pips below this point and as we know both came in as g/j went to DP as london closed

I will enter say 2 x long on 1m chart 1 as scalp ( closed 50 pips ) other still open tp daily pivot ( london close )

I will also for rest of day scalp up and down as i see the trades for 20-60 pips per scalp.

Also look back at my posts you will see i have 2 x long term trades long from 120 and...
seems you have a very different style from me. Still holding longs from 125.00? ..ouch.
  • #155,137
  • Jan 23, 2009 1:26am Jan 23, 2009 1:26am
Quoting Petefaders
seems you have a very different style from me. Still holding longs from 125.00? ..ouch.

i am a scalper

hold from 120 and 125 are my longer term ( swap ) trades so - 1000 pips is fine as i use great MM on all long term trades 1% and 3% on my scalps so over all i can keep long term trades no issue as i can cover any - pips they have every day scalping.
Private Account Manager & Trader since 1999
  • #155,138
  • Jan 23, 2009 1:33am Jan 23, 2009 1:33am
Quoting yentastic
i am a scalper

hold from 120 and 125 are my longer term ( swap ) trades so - 1000 pips is fine as i use great MM on all long term trades 1% and 3% on my scalps so over all i can keep long term trades no issue as i can cover any - pips they have every day scalping.
I see..you realize there are noobs in this thread with small accounts or who over leverage. Stupid as it is, they may take your trade and blow their account..especially since you claim to be a professional, true as it may be. If they dont blow their account they'll have to be hospitalized for 8 months waiting for that trade to come around.
  • #155,139
  • Jan 23, 2009 1:33am Jan 23, 2009 1:33am
Quoting easyliving
Hi everyone,

I am new to this forum and would like to get the indicators used for Karmo's method.

Thank you.
Check my strategy thread, the link is in my signature.
Trade what you see, not what you think.
  • #155,140
  • Jan 23, 2009 1:35am Jan 23, 2009 1:35am
first scalp on news open 120 ( got requote ) closed at the 60 ema for 44 pips

wait now to see after effect may even be able to scalp long again from 119.xx we will see
Private Account Manager & Trader since 1999
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