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

  • #159,021
  • Feb 9, 2009 6:52pm Feb 9, 2009 6:52pm
been testing lilmoe's scalping system on the 5 minute chart for euro yen, the pound, and geppy since December. Asian seems to be the best session for me . . . don't know why. looking to go live with this real soon . . . thanks lilmoe if you're lurking . . . take care your business and come back soon
"Don't trade to trade . . . trade to win." - James16
  • #159,022
  • Feb 9, 2009 6:53pm Feb 9, 2009 6:53pm
that chart i uploaded in EU thread

it looks like $ is getting strong ...
WW works well

it will take GU down

if GU so maybe GJ
Attached Image (click to enlarge)
Click to Enlarge Name: eu_ww_1.jpg Size: 86 KB
  • #159,023
  • Feb 9, 2009 6:55pm Feb 9, 2009 6:55pm
Quoting malcolmb14
I think so .... here is 10 min chart ... nice bear stack on the moving average

we are having some issues with 135 , but that is to be expected , there will be buyers sitting on whole number and some profit takers in that zone.

134.5 and 133.50 could be good targets if we can break this 135 barrier

Attachment
true . . . 135 is tough
"Don't trade to trade . . . trade to win." - James16
  • #159,024
  • Feb 9, 2009 6:55pm Feb 9, 2009 6:55pm
Dropping it to take it back up London? Or taking it down, bring it up later and then tank it down for London. Hmmmm!

Quoting malcolmb14
I think so .... here is 10 min chart ... nice bear stack on the moving average

we are having some issues with 135 , but that is to be expected , there will be buyers sitting on whole number and some profit takers in that zone.

134.5 and 133.50 could be good targets if we can break this 135 barrier

Attachment
  • #159,025
  • Feb 9, 2009 6:58pm Feb 9, 2009 6:58pm
Presidential address starting now...Hummmm What will the message be???
  • #159,026
  • Feb 9, 2009 6:59pm Feb 9, 2009 6:59pm
EXPERT TRADERS -

I'm a newbie to FX and have been following this thread. You guys are awesome! I've learned so much. I'd like to ask the senior tradors in this thread to critique my trading plan/goal attached.

This assumes 4,000 pips a year as a target. Please bring me back to reality, or make my night and tell me its doable!!

THANKS IN ADVANCE!!

Simon
Attached File(s)
File Type: doc FX Trading Plan.doc   37 KB | 344 downloads
  • #159,027
  • Feb 9, 2009 7:01pm Feb 9, 2009 7:01pm
Quoting forextine
Dropping it to take it back up London? Or taking it down, bring it up later and then tank it down for London. Hmmmm!

not sure but now there is talk the stimulus package was not all it was cranked up to be ...

the test of 137.40 may have been a double top

The overall market was not happy today. Seems that market sentiment is that the stimulus package is not enough.

Ltes play this one one step at a time.

Quecee mentioned the 132.xx level yesterday as being a major support. Also 133.60 was pivot low from the drops yesterday during Asia.

If these levels are taken out we could see test 130 and lower.
Blogging daily now at www.volume.zone
  • #159,028
  • Feb 9, 2009 7:06pm Feb 9, 2009 7:06pm
i think some stops may have got triggered at least on euro yen . . . ooffa
"Don't trade to trade . . . trade to win." - James16
  • #159,029
  • Feb 9, 2009 7:07pm Feb 9, 2009 7:07pm
Obama speaking thats why market is reacting. Dollar is strengthening like crazy
  • #159,030
  • Feb 9, 2009 7:08pm Feb 9, 2009 7:08pm
Quoting Simon_USA
EXPERT TRADERS -

I'm a newbie to FX and have been following this thread. You guys are awesome! I've learned so much. I'd like to ask the senior tradors in this thread to critique my trading plan/goal attached.

This assumes 4,000 pips a year as a target. Please bring me back to reality, or make my night and tell me its doable!!

THANKS IN ADVANCE!!

Simon

do able ... 16 pips a day is all you need ....but your math is out ...lol

do same trade 16 pips a day (assuming 12 x 20 trading days a month) .. then compound it.

I think your issues issue will be finding a broker for trades of 1000 lots ...lol

take 1000 .... 25 pip per day 3.5 % risk on account per trade ... 1 k becomes 750 k in 2 years ( not done it lol .. I am one step forward and 2 back)
Blogging daily now at www.volume.zone
  • #159,031
  • Feb 9, 2009 7:09pm Feb 9, 2009 7:09pm
Just 2 different QQE Smoothing Top QQE 60, Bottom QQE 05

U can do this set up for EU 15min chart too.

Quoting malcolmb14
good trading

on the QQE are the 2 different windows different period settings ?

here is my rsx with sma .... I think QQE is a devleoped rsi .. correct me if i am wrong.

sure would be nice if one of the programmers in here could generate a nice colour back ground for the QQE for when it gets a signal.

I got in 4 pips under you , have half off and target 134.50

Attachment
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj 10min short.gif Size: 19 KB
Click to Enlarge Name: eu 15min short.gif Size: 23 KB
No Magic, Just basic fundamental chart analysis
  • #159,032
  • Feb 9, 2009 7:11pm Feb 9, 2009 7:11pm
Steep drop, I picked up a small long position near bottom.

Quoting malcolmb14
not sure but now there is talk the stimulus package was not all it was cranked up to be ...

the test of 137.40 may have been a double top

The overall market was not happy today. Seems that market sentiment is that the stimulus package is not enough.

Ltes play this one one step at a time.

Quecee mentioned the 132.xx level yesterday as being a major support. Also 133.60 was pivot low from the drops yesterday during Asia.

If these levels are taken out we could see test 130 and lower.
  • #159,033
  • Feb 9, 2009 7:15pm Feb 9, 2009 7:15pm
Quoting malcolmb14
I think so .... here is 10 min chart ... nice bear stack on the moving average

we are having some issues with 135 , but that is to be expected , there will be buyers sitting on whole number and some profit takers in that zone.

134.5 and 133.50 could be good targets if we can break this 135 barrier

Attachment

targets of 134.50 hit .... i am out .

Asia really is proving to be the best session to trade these days. Odd .. used to be the worst
Blogging daily now at www.volume.zone
  • #159,034
  • Feb 9, 2009 7:19pm Feb 9, 2009 7:19pm
Quoting forextine
Steep drop, I picked up a small long position near bottom.

hopefully right on 134.50 ..... that way you could have grabbed a few. I do not think this is done yet.

we just got 60 min close under the 50 sma

Attached Image (click to enlarge)
Click to Enlarge Name: ym152.png Size: 158 KB
Blogging daily now at www.volume.zone
  • #159,035
  • Feb 9, 2009 7:22pm Feb 9, 2009 7:22pm
Actually EJ, sorry.

I like the 15 minute set up, the 2 long wicks, with a higher low. Not entering here though.

Quoting malcolmb14
hopefully right on 134.50 ..... that way you could have grabbed a few. I do not think this is done yet.

we just got 60 min close under the 50 sma

Attachment
  • #159,036
  • Feb 9, 2009 7:23pm Feb 9, 2009 7:23pm
Quoting malcolmb14
hopefully right on 134.50 ..... that way you could have grabbed a few. I do not think this is done yet.

we just got 60 min close under the 50 sma

Attachment

sorry for so many postings ... i am wired ..lol .. I love trading .. weather winning or losing ... yesterday kept trying pick the top of the down move ... got killed ... -200 pips. I was contemplating leaving position open for London and US session today and did not. Man was I unhappy seeing it +100 above my entry ...lol . Tonight makes up for it

look at the perfect rounded top on the 60 min chart . Wonder how this will play out. We could eaither get a handle form on the right hand side of the chart ... or she could just drop straight down
Blogging daily now at www.volume.zone
  • #159,037
  • Feb 9, 2009 7:24pm Feb 9, 2009 7:24pm
looks like a doji on 15M
  • #159,038
  • Feb 9, 2009 7:25pm Feb 9, 2009 7:25pm
Quoting forextine
Steep drop, I picked up a small long position near bottom.

paid off sweet trade .....
Blogging daily now at www.volume.zone
  • #159,039
  • Feb 9, 2009 7:35pm Feb 9, 2009 7:35pm
Quoting malcolmb14
paid off sweet trade .....
  • #159,040
  • Feb 9, 2009 7:40pm Feb 9, 2009 7:40pm
Quoting malcolmb14
paid off sweet trade .....
Like I said, I went long EJ by accident, instead of GJ lol, but yeah it worked out, I just covered for about 60pips.

I want to see another round of selling, driving RSI deeper into over sold (short term), so I can buy again on either pair.
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