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

  • #176,861
  • May 13, 2009 5:09am May 13, 2009 5:09am
Quoting mrhurley1
yea plus 10 is just too little for g/y..ive been stopped out plus1 countless times even when i have moved it at plus 40
150 is a decent sl position on gy due to the volatility
  • #176,862
  • May 13, 2009 5:12am May 13, 2009 5:12am
Quoting maryinvest
Please check a quick view on GJ M1 Chart. You can see nice reversal pattern which supports futher bear run.
nah i am not convinced with a further bear run at the moment (though this does not mean it will never)... If I see that my weekly uptrend line is broken, i will either go long the entire week or wait going short next week, or letting the pair climb up before moving down again. So far that line is holding well.
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  • #176,863
  • May 13, 2009 5:17am May 13, 2009 5:17am
Quoting Galatasaray
nah i am not convinced with a further bear run at the moment (though this does not mean it will never)... If I see that my weekly uptrend line is broken, i will either go long the entire week or wait going short next week, or letting the pair climb up before moving down again. So far that line is holding well.
I believe she chould complete Daily fib @ 50%=145 as she already broke 38.2% daily fib...am not able to take long from 145.50-38.2% fib as no hedge is allow.

But I believe she will test back to 38.2% then drop back to test @ 50%..

Am just adding my 2 more short @ 146/146.10 just now..Looking for my 145 @ 50% Daily fib while holding 1 lot for my 61.8% @ 143.50..

Cheers...
  • #176,864
  • May 13, 2009 5:20am May 13, 2009 5:20am

  1. 145.25 if break then
  2. 143.77 final
  3. follow monthly fibs

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  • #176,865
  • May 13, 2009 5:22am May 13, 2009 5:22am
Quoting maryinvest
Please check a quick view on GJ M1 Chart. You can see nice reversal pattern which supports futher bear run.
Good observation ...Usually I believe after broke 38.2% daily fib she try to finish n test at 50%...

Up from 145.50 just now only for her to retrace back @ 38.2% area..if she able to broke..it mean she wanna test back to up to 23.6% of daily back to 148...

So will be good if we can add short from that retracement as long as she not able to go above 146.33..

Just monitor my M5 atm...
  • #176,866
  • May 13, 2009 5:23am May 13, 2009 5:23am
Cable: 1hr trendline
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  • #176,867
  • May 13, 2009 5:24am May 13, 2009 5:24am
Quoting grashid
I believe she chould complete Daily fib @ 50%=145 as she already broke 38.2% daily fib...am not able to take long from 145.50-38.2% fib as no hedge is allow.

But I believe she will test back to 38.2% then drop back to test @ 50%..

Am just adding my 2 more short @ 146/146.10 just now..Looking for my 145 @ 50% Daily fib while holding 1 lot for my 61.8% @ 143.50..

Cheers...
Hi mate. If hedging plays a major part in your trading, you might want to consider changing broker or setting up a second account purely for trades in the opposite direction.
  • #176,868
  • May 13, 2009 5:31am May 13, 2009 5:31am
My target is hit at the monthly pivot 145.50..Let see how the PA acts now from this point... 210 pips made overnite from 147.40 short .

If the Monthly pivot breaks than S2 is the next stop 144.51.

Good Luck





Quoting rgitt05
Closed my small long trade and Now I set for another short position at 147.40..

This GJ PA is not finish falling to the monthly pivot as I had setup eariler..I don't trust the DJ correlation anymore..



Good Luck longs

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  • #176,869
  • May 13, 2009 5:33am May 13, 2009 5:33am
Quoting ukdaytrader
Hi mate. If hedging plays a major part in your trading, you might want to consider changing broker or setting up a second account purely for trades in the opposite direction.
Hi mate...long time never see you ya..hows life?

mmm...Cannot mate..this ibfx std acc usually for my swing setting...less than 20% am hedge from this acc b4...just try to complete my weekly target just now for this acc and focus back to my 2 mini acc for scalp+swing...aiseh...
  • #176,870
  • May 13, 2009 5:35am May 13, 2009 5:35am
Though i am not holding on to my shorts and no way adding longs, here is my 1H graph. A very good bearish setup if you look at it but as i said few posts ago that my weekly chart ran out of bearish space.
As you can see the pair is well below all kinds of important EMAs and it still has room to move down in the 1H charts, and the median became a very good resistance in this hour.
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  • #176,871
  • May 13, 2009 5:37am May 13, 2009 5:37am
Quoting grashid
Hi mate...long time never see you ya..hows life?

mmm...Cannot mate..this ibfx std acc usually for my swing setting...less than 20% am hedge from this acc b4...just try to complete my weekly target just now for this acc and focus back to my 2 mini acc for scalp+swing...aiseh...
I have an account with Oanda. They allow the creation of sub accounts. I use MT4 purely for charting.
A second MT4 account shouldn't be ruled out either.

Have a great trading day.
  • #176,872
  • May 13, 2009 5:42am May 13, 2009 5:42am
Quoting ukdaytrader
I have an account with Oanda. They allow the creation of sub accounts. I use MT4 purely for charting.
A second MT4 account shouldn't be ruled out either.

Have a great trading day.
Ok..would u mind to sent me the link...got to try have a look on this platform..
  • #176,873
  • May 13, 2009 5:43am May 13, 2009 5:43am
Marvyn King contradicting the UK government's own forecast.
38% fibo (139-151) broken, next fibo 50% at 145. Then 143.55.
200ema at 145.05 on 4hr TF looks to be tested.
50ema on Daily at 143.89 looks very possible.
Daily Gann flipped, QQE about to cross.

But there is bullish diverg building on the 15m, 1hr and 4hr TFs.

This looks short to me.
  • #176,874
  • May 13, 2009 5:48am May 13, 2009 5:48am
Quoting grashid
Ok..would u mind to sent me the link...got to try have a look on this platform..
Will send you a link.
Ever thought about synthetics or closely correlated pairs too?
  • #176,875
  • May 13, 2009 5:55am May 13, 2009 5:55am
Quoting ukdaytrader
Will send you a link.
Ever thought about synthetics or closely correlated pairs too?
Thanks mate I got it ..appreciate that...

I need to go now for my dinner with my kids and see you in US session ya..

as my short of first target hit @145.50 looks safe to left 2 more for 145-143.50 with SL=146

See you mate in few hr ya..
  • #176,876
  • May 13, 2009 5:56am May 13, 2009 5:56am
Note that broken trendline has been Violated.
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Markets are not Random, they are designed!
  • #176,877
  • May 13, 2009 6:09am May 13, 2009 6:09am
I shorted at 1.4555 thinking it was gogin to tank to 1.4450, placed backstop at 1.4587. Based on a lokk at yearly and then 15 minute and 5 minute for the entry, used 5 minute fibs for using bs. Then low and behold she breaks over 1.46, what am I missing aas it has become a part of my trading trend that is killing the account
  • #176,878
  • May 13, 2009 6:20am May 13, 2009 6:20am
Quoting currencyexch
I shorted at 1.4555 thinking it was gogin to tank to 1.4450, placed backstop at 1.4587. Based on a lokk at yearly and then 15 minute and 5 minute for the entry, used 5 minute fibs for using bs. Then low and behold she breaks over 1.46, what am I missing aas it has become a part of my trading trend that is killing the account
my 2c

You should expect at least 50 pip bounce off monthly pivot levels. Also weekly S2 was just below at 145.34
  • #176,879
  • May 13, 2009 6:21am May 13, 2009 6:21am
Quoting forexlion
infact the 4 hour volume is increasing to the upside

anyways, jokes apart the indicator in aqua is self developed, and i am not sharing, so do not ask.
that s not really an inicator. i t s just Volume on the chart with min volume at the bootom of the chart and max volume at the top... nothing particuliar. You will find it attached. just 5 mn coding....

For all the guys who want to use volume, i will strongly recommand to read the book "master the market" http://vsa.pipbuilders.com/mtmv3.pdf.
After my third read, i m still learning something from it.

Lion will be axed soon with his funky method to read volume well as he is not trading for real, he won t be hurt, just become reasonnable.

here is the "indi"
Attached File(s)
File Type: mq4 VolumeOnChart.mq4   2 KB | 304 downloads
  • #176,880
  • May 13, 2009 6:27am May 13, 2009 6:27am
Starting to get reverse divergence signals on 15m tf
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