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

  • #162,101
  • Feb 24, 2009 4:13pm Feb 24, 2009 4:13pm
Quoting bpatto
I think we need to visit the M15 50 ema and VWAP (currently 138.92) during the asian session.

My play from yesterday:

WOT YOU ARE SHORT !!!!

do not let the lion see this ....
Blogging daily now at www.volume.zone
  • #162,102
  • Feb 24, 2009 4:17pm Feb 24, 2009 4:17pm
Quoting malcolmb14
WOT YOU ARE SHORT !!!!

do not let the lion see this ....
Sorry.... Didn't realise I need to fill out a form in triplicate and submit it to some South African tribe before taking a trade.
{Some Profound Statement goes here}
  • #162,103
  • Feb 24, 2009 4:22pm Feb 24, 2009 4:22pm
Quoting bpatto
Sorry.... Didn't realise I need to fill out a form in triplicate and submit it to some South African tribe before taking a trade.

lol ....
Blogging daily now at www.volume.zone
  • #162,104
  • Feb 24, 2009 4:27pm Feb 24, 2009 4:27pm
This is what I'm seeing....a bounce off the 50% retracement from this afternoon's climb (12:00 pm EST), however it's right in the middle of a channel I drew up, so I was hesitant to go long. Besides, I dont like to trade during the Assian session too much because normally, price doesn't move much. Yesterday was the exception of course.

Do you guys think we're still heading up, maybe to visit 141.50?
On a journey to consistency.
  • #162,105
  • Feb 24, 2009 4:34pm Feb 24, 2009 4:34pm
lovely engulfing on the push under the daily fib 61.8 and rsx was against the wires on a 5 min .. hit the long as it broke the flag with target 140.65 ...

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  • #162,106
  • Feb 24, 2009 5:08pm Feb 24, 2009 5:08pm
Quoting malcolmb14
lovely engulfing on the push under the daily fib 61.8 and rsx was against the wires on a 5 min .. hit the long as it broke the flag with target 140.65 ...

Attachment


4 pips shy of target ... but close enough ... trade closed
Blogging daily now at www.volume.zone
  • #162,107
  • Feb 24, 2009 5:10pm Feb 24, 2009 5:10pm
I'm lacking confidence right now. I got a long signal from my method in the 15M TF (I normally trade my method in the 1H TF) at 139.90 after bouncing off from 139.75 and a bullish engulfing candle in the 5 min chart. It would have been a profitable trade for 50 pips, but I didn't go for it because it was about 50 pips away from the bottom of my channel.

Now I guess i'll have to wait for another good setup.
On a journey to consistency.
  • #162,108
  • Feb 24, 2009 5:14pm Feb 24, 2009 5:14pm
Quoting Tataocb
I'm lacking confidence right now. I got a long signal from my method in the 15M TF (I normally trade my method in the 1H TF) at 139.90 after bouncing off from 139.75 and a bullish engulfing candle in the 5 min chart. It would have been a profitable trade for 50 pips, but I didn't go for it because it was about 50 pips away from the bottom of my channel.

Now I guess i'll have to wait for another good setup.
Lets see the setup, PLEASE.
It's all about learning here.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #162,109
  • Feb 24, 2009 5:22pm Feb 24, 2009 5:22pm
Quoting Tataocb
I'm lacking confidence right now. I got a long signal from my method in the 15M TF (I normally trade my method in the 1H TF) at 139.90 after bouncing off from 139.75 and a bullish engulfing candle in the 5 min chart. It would have been a profitable trade for 50 pips, but I didn't go for it because it was about 50 pips away from the bottom of my channel.

Now I guess i'll have to wait for another good setup.

try this ...

put the daily fib pivots I posted not to long ago today on the charts

If you have what looks to be a set up close to one and price then moves above it ... take the trade and then just place your stop right under it.

it seems to work .. and manages the risk well ... as if the pirs is going to move .. the distance between the fib pivots is about 60 pips ...so with 25 pips stops the risk reward is awesome
Blogging daily now at www.volume.zone
  • #162,110
  • Feb 24, 2009 6:00pm Feb 24, 2009 6:00pm
Piters,

You still playing the inverse H&S? A failed retest of the neckline at about 139.00 would set this up nicely. Any thoughts?
{Some Profound Statement goes here}
  • #162,111
  • Feb 24, 2009 6:00pm Feb 24, 2009 6:00pm
Quoting malcolmb14
try this ...

put the daily fib pivots I posted not to long ago today on the charts

If you have what looks to be a set up close to one and price then moves above it ... take the trade and then just place your stop right under it.

it seems to work .. and manages the risk well ... as if the pirs is going to move .. the distance between the fib pivots is about 60 pips ...so with 25 pips stops the risk reward is awesome
dude i have got to learn this intra-day stuff...i'm just so scared...

when i grow another bollock i'll get back to you ...baby.....


by the way folks i'm adding longs at 139.90 ish if we get there again....on second tots i'm adding it here @ 140.....

same targets...baby
  • #162,112
  • Feb 24, 2009 6:05pm Feb 24, 2009 6:05pm
Quoting malcolmb14
try this ...

put the daily fib pivots I posted not to long ago today on the charts

If you have what looks to be a set up close to one and price then moves above it ... take the trade and then just place your stop right under it.

it seems to work .. and manages the risk well ... as if the pirs is going to move .. the distance between the fib pivots is about 60 pips ...so with 25 pips stops the risk reward is awesome

Please how do u use this fibo daily pivots to trade?.

Thanks
  • #162,113
  • Feb 24, 2009 6:06pm Feb 24, 2009 6:06pm
Quoting Big Bruv
dude i have got to learn this intra-day stuff...i'm just so scared...

when i grow another bollock i'll get back to you ...baby.....


by the way folks i'm adding longs at 139.90 ish if we get there again....on second tots i'm adding it here @ 140.....

same targets...baby


tell you what ... I will mentor you on intraday ... you mentor me on swing trading ...holding scares the shit out of me in this market..lol

some of the ranges we get intraday have been amazing in the last months..

even in asia 140.65 to 139.85 is the range
Blogging daily now at www.volume.zone
  • #162,114
  • Feb 24, 2009 6:08pm Feb 24, 2009 6:08pm
Quoting Big Bruv
by the way folks i'm adding longs at 139.90 ish if we get there again....on second tots i'm adding it here @ 140.....

same targets...baby
How many longs you got on the table now? You sound like some institutional players, the way you build positions, enjoy the interest.
{Some Profound Statement goes here}
  • #162,115
  • Feb 24, 2009 6:08pm Feb 24, 2009 6:08pm
I guess divergences on anything over 3 minutes no longer work ....lol

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  • #162,116
  • Feb 24, 2009 6:15pm Feb 24, 2009 6:15pm
Quoting malcolmb14
tell you what ... I will mentor you on intraday ... you mentor me on swing trading ...holding scares the shit out of me in this market..lol

some of the ranges we get intraday have been amazing in the last months..

even in asia 140.65 to 139.85 is the range
what i do... monkeys can do..baby

but your stuff is simply amazing..for me if i cannot get more than a 100 pips excluding spreads out of a trade...i simply don't bother... and i only really trade one way (sometimes hedge if volatile)...baby

but i would really love to learn dat stuff...will stop me from getting bored...LOL..baby
  • #162,117
  • Feb 24, 2009 6:16pm Feb 24, 2009 6:16pm
hey malcomb...

aside from playing the breaks on the daily fibo extensions...do you also use them as s/r levels to play the range?

just wondering. i loaded the indi on my mt4 platform and currently we are seeing a nice range forming between the 28.6 and 38.2 fib levels...thks
  • #162,118
  • Feb 24, 2009 6:17pm Feb 24, 2009 6:17pm
Quoting Big Bruv
what i do... monkeys can do..baby

but your stuff is simply amazing..for me if i cannot get more than a 100 pips excluding spreads out of a trade...i simply don't bother... and i only really trade one way (sometimes hedge if volatile)...baby

but i would really love to learn dat stuff...will stop me from getting bored...LOL..baby

if this flag plays out in GU .. you gonna be loaded !!! gj could rip up thru the 141.50 zone with ease


http://www.forexfactory.com/showpost...stcount=123187
Blogging daily now at www.volume.zone
  • #162,119
  • Feb 24, 2009 6:23pm Feb 24, 2009 6:23pm
Quoting bpatto
How many longs you got on the table now? You sound like some institutional players, the way you build positions, enjoy the interest.
oh baby..the max number i hold is 5....but how i add to the trade depends on the scenario i'm playing... right now i've got three..closed out one today...and added one a few moments ago....baby

my risk is usually 8%- 10% but i do not recommend that.

it's just less stressful playing a longer game....were fundamentals i think play a larger role.
  • #162,120
  • Feb 24, 2009 6:27pm Feb 24, 2009 6:27pm
Quoting malcolmb14
if this flag plays out in GU .. you gonna be loaded !!! gj could rip up thru the 141.50 zone with ease


http://www.forexfactory.com/showpost...stcount=123187
...oh baby......
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