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Auslanco-GBP/JPY Strength Indicator strategy 345 replies

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Attachments: Auslanco - GBP/JPY and GBP/USD (newstrade)
Exit Attachments

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

There is no clear signal as yet, even on 4 hour.

Its moving in a tight range.

Though I will prefer to go long later on for 141, if it confirms.

.
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Quoting malcolmb14
right now is sell on the rallies 3 min ..has been all night .. nothing to dangerous about that

128 ish target ....
Hi malcolm,

Can you share how you are scalping on 3 min chart?

Thanks,
BK
Quoting Scrat
well, not now... it is the time of the last push down...
we should see signs of reversals to the upside in about 2 hours, at most.
o yeah.. for sure, Frankie, or London.. I was refering for 1h ema bounce... to weak.. no buyers here.. we check next 2 floors down...
Good, the new 4 hour candle works it out then.

.
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Quoting junglelion
Good, the new 4 hour candle works it out then.

.
Do your indicators usually call out such profanities or you simple set them up that way
i hope im wrong but we can go above fridays close without a problem

just what im seeing now - i should post a chart but im off for a short nap
Quoting cohiba pips
i hope im wrong but we can go above fridays close without a problem

just what im seeing now - i should post a chart but im off for a short nap
i am seeing 141 on the horizon
This thing is going to 133.50. I'm not sure about 141. Maybe in a few weeks or months but probably not in the next few days.
anyone else with a BID.. 145, 165, 198, 287 ????

c'moon guys. this is not a lottary...
post your charts. so we can all learn something..

Thanks.!!
Quoting Piters
lol, not much bouncing power ...

by the time this bounce is done 100 pips will do me piters ....lol
Blogging daily now at www.volume.zone
Quoting ffbk
Hi malcolm,

Can you share how you are scalping on 3 min chart?

Thanks,
BK

I watch chart very carefully and look at price action each candle

takes alot of charts hours to master this

no indicators required
just simple s/r levels and price action / candle patterns

I also get a 'feel' for the currency and how the market is working before i enter
Blogging daily now at www.volume.zone
Quoting malcolmb14
by the time this bounce is done 100 pips will do me piters ....lol

lol, i see, too bad i am not in... even we broke the TL..
I'll wait you latter to down side..
( was not much convinced in this retrace)
Cable: Reverse bullish divergence fon RSX and bounce from day 5sma and 30 min 50 ema.

Stop set to +1 just in case.
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Quoting malcolmb14
I watch chart very carefully and look at price action each candle

takes alot of charts hours to master this

no indicators required
just simple s/r levels and price action / candle patterns

I also get a 'feel' for the currency and how the market is working before i enter
do you mind to share your 'feel' indicator ?? [j/k]
Quoting malcolmb14
I watch chart very carefully and look at price action each candle

takes alot of charts hours to master this

no indicators required
just simple s/r levels and price action / candle patterns

I also get a 'feel' for the currency and how the market is working before i enter
Thanks. Let me try PA on 3min chart and try it out.... Found a time conversion for MT4 to convert 1 min to 3 mins.
Cable: Support / Resistance lines
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Quoting Piters
anyone else with a BID.. 145, 165, 198, 287 ????

c'moon guys. this is not a lottary...
post your charts. so we can all learn something..

Thanks.!!
1. If price above 130.27 then R1=130.50 in on his way or even higher to 133 for today
2. If price drop below 127.97 then 126.71 or even lowe at 125.23 on his way..
3. Since H4 above HILO with QQE above 50 line and so and H1 QQE also above 50 line, I am waiting it will be cross above HILO for at least 2 bar up...

Anyway I put my pending order

a)buy limit @ 129.65
b)sell stop @ 127.95

While I believe today at least GJ will going up at least at R1=130.58



At this moment good for scalp M5/M15 for 50 pips for bouncing price between
128.13 - 130.22

What do you think Pite..
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Quoting malcolmb14
I watch chart very carefully and look at price action each candle

takes alot of charts hours to master this

no indicators required
just simple s/r levels and price action / candle patterns

I also get a 'feel' for the currency and how the market is working before i enter

Here is what I meant .. see the ' rounded top ' with only 1 bar pushing higher ... this was sell at 129.20 , both piters and i on skype together enter the trade

this was watching price action and running with what i saw ,


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Blogging daily now at www.volume.zone
hello malcom

can you please answer my last pm whenever possible? thanks for your responses so far, i know it takes time out of your trading so they are apreciated very much
Quoting malcolmb14
Here is what I meant .. see the ' rounded top ' with only 1 bar pushing higher ... this was sell at 129.20 , both piters and i on skype together enter the trade

this was watching price action and running with what i saw ,


Attachment
I chickened out at 128.50 support ... good place to take profit....

have great trading night everyone
Blogging daily now at www.volume.zone
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