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

  • #157,461
  • Feb 2, 2009 10:26am Feb 2, 2009 10:26am
Quoting Scrat
we have NOT reached the bottom.
x2
Trade what you see, not what you think.
  • #157,462
  • Feb 2, 2009 10:29am Feb 2, 2009 10:29am
Quoting Scrat
we have NOT reached the bottom.
  • #157,463
  • Feb 2, 2009 10:30am Feb 2, 2009 10:30am
howdy boys and girls..... yeah, GJ sucked me back in....

my take:
Chart attached:

4H is sitting on the 20ema and the 89sma.
Resistance at 128.65 held strong.
ADx on the 4H is ranging below 20.
ADX on the 1H is weakening while lower TFs it's strengthening.

we are below DP.

If we get a 4H close below 127.6x area I think we'll start a new leg down.

123.8x area would be a reasonable TP if she's on her way.
Lot of support there.

I'm short at 128.10 x5

Lets see where she goes.

kj
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  • #157,464
  • Feb 2, 2009 10:32am Feb 2, 2009 10:32am
hai frenz...any comment for my chart.....
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  • #157,465
  • Feb 2, 2009 10:42am Feb 2, 2009 10:42am
here are thoughts for Asia

IF highs of 128.50 are not taken out before US close Asia retraces to that sweet spot 126.50.

then see what happens from there

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  • #157,466
  • Feb 2, 2009 10:56am Feb 2, 2009 10:56am
as some are wondering about this pair .... forget indicators and plot this bad boy on your charts.....5 min works very nice .. auto trendlines , breaks and targets


awesome for scalping ... follow this and PA you cannot go wrong

blue line in chart ( tl ) is plotted by demark . not doji before this indicating sellers .. then break line at
128.13 .... gave targets to downside 127.50

I have done several trades today using this both up and down , just using simple candle patterns and break of trendlines.

the trendlines and targets do chnage as new conditions meet the indie requirement
Attached File(s)
File Type: mq4 Demark_trend_new.mq4   14 KB | 453 downloads


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  • #157,467
  • Feb 2, 2009 11:01am Feb 2, 2009 11:01am
Quoting malcolmb14
as some are wondering about this pair .... forget indicators and plot this bad boy on your charts.....5 min works very nice .. auto trendlines , breaks and targets


awesome for scalping ... follow this and PA you cannot go wrong
Thanks Malcolmb
  • #157,468
  • Feb 2, 2009 11:03am Feb 2, 2009 11:03am
Quoting malcolmb14
as some are wondering about this pair .... forget indicators and plot this bad boy on your charts.....5 min works very nice .. auto trendlines , breaks and targets


awesome for scalping ... follow this and PA you cannot go wrong

blue line in chart ( tl ) is plotted by demark . not doji before this indicating sellers .. then break line at
128.13 .... gave targets to downside 127.50

I have done several trades today using this both up and down , just using simple candle patterns and break of trendlines.

the trendlines and targets do chnage...

new 5 min with downchannel now .. breaks 127.92 we get 30 pip scalp to upside.

you can use this on higher time frames also


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  • #157,469
  • Feb 2, 2009 11:08am Feb 2, 2009 11:08am
Quoting Norte
Thanks Malcolmb

just want to help some newbie traders along the way , so many have given to me and i hope to give back
Blogging daily now at www.volume.zone
  • #157,470
  • Feb 2, 2009 11:27am Feb 2, 2009 11:27am
Cable Trendlines
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  • #157,471
  • Feb 2, 2009 11:37am Feb 2, 2009 11:37am
Quoting malcolmb14
new 5 min with downchannel now .. breaks 127.92 we get 30 pip scalp to upside.

you can use this on higher time frames also


Attachment
wow malcomb . this thing is really nice.
thank you.
do you have posts regarding this strategy. i would like to see more.
boy a lot of info. i hope i can process it all
  • #157,472
  • Feb 2, 2009 11:41am Feb 2, 2009 11:41am
Quoting malcolmb14
just want to help some newbie traders along the way , so many have given to me and i hope to give back

Malc, do u still trade eurcad? wats ur thot?
  • #157,473
  • Feb 2, 2009 11:45am Feb 2, 2009 11:45am
Quoting shelby
wow malcomb . this thing is really nice.
thank you.
do you have posts regarding this strategy. i would like to see more.
boy a lot of info. i hope i can process it all

this is not stratergy .. it is trade tl breaks downs / ups and watch price action
Blogging daily now at www.volume.zone
  • #157,474
  • Feb 2, 2009 11:47am Feb 2, 2009 11:47am
Quoting goodness
Malc, do u still trade eurcad? wats ur thot?
no 100% gj
Blogging daily now at www.volume.zone
  • #157,475
  • Feb 2, 2009 11:52am Feb 2, 2009 11:52am
Quoting malcolmb14
this is not stratergy .. it is trade tl breaks downs / ups and watch price action
i will try to post some charts but i can't move that fast yet.
there is now a red arrow at 127,65
also a blue trend line with first TP at 128,10
i guess 127,68 is the first support.
breaking that will go again in the downtrend.

if i am reading it corectly
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  • #157,476
  • Feb 2, 2009 11:55am Feb 2, 2009 11:55am
Quoting shelby
i will try to post some charts but i can't move that fast yet.
there is now a red arrow at 127,65
also a blue trend line with first TP at 128,10
i guess 127,68 is the first support.
breaking that will go again in the downtrend.

if i am reading it corectly

break blue horizontal line go short ...

break red horizontal line go long

take tradeso nly with trend on higher time frame ... cannot go go wrong... so if trading 5 min look to 15 / 30 for overall trend
Blogging daily now at www.volume.zone
  • #157,477
  • Feb 2, 2009 12:02pm Feb 2, 2009 12:02pm
Quoting shelby
i will try to post some charts but i can't move that fast yet.
there is now a red arrow at 127,65
also a blue trend line with first TP at 128,10
i guess 127,68 is the first support.
breaking that will go again in the downtrend.

if i am reading it corectly

breaking bottom channel 127.70 , go short if next candle goes lower than this by 2 pip , use 20 pip stop
Blogging daily now at www.volume.zone
  • #157,478
  • Feb 2, 2009 12:03pm Feb 2, 2009 12:03pm
Quoting fising
hai frenz...any comment for my chart.....
nice lines and color coding, overall nice piece of modern art.
  • #157,479
  • Feb 2, 2009 12:05pm Feb 2, 2009 12:05pm
Quoting malcolmb14
breaking bottom cha nail 127.70 , go short if next bundle goes lower than this by 2 tit , use 20 tit stop
  • #157,480
  • Feb 2, 2009 12:05pm Feb 2, 2009 12:05pm
Quoting malcolmb14
breaking bottom channel 127.70 , go short if next candle goes lower than this by 2 pip , use 20 pip stop

so wait for 5 minb candle to end that break demark entry line , then go short 2 pips lower than low of candle.

In this instance buyers came in and formed doji .. always wait for candle to close before entering trade
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