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

  • #181,061
  • Jun 5, 2009 1:10pm Jun 5, 2009 1:10pm
Quoting fxgrnwise
Currencyexch,
I'm no pro here but I have picked up some pips this week using Tom Demarks new trend on 5-15 min time frames pg.76 attachments,with the 14 sma plus rgitt05 ema cross over indie also in attachments,(best on 15 min) the 14 sma and the cross over will confirm same candle. I also use the better volume chart bars and when the yellow is on up candle may go up a ways,any ways this is my scalping method.
Well fxgrnwise, noone is pro here on FF, but we might have few good traders, but not counted as pros.
  • #181,062
  • Jun 5, 2009 1:11pm Jun 5, 2009 1:11pm
Quoting currencyexch
Is there a good method to determine direction. I'm just paralyzed in making any moves as everyone I make is the wrong direction. One day up the next down or get stopped out then takes off in the direction I wanted. Frustrating as hell as missing pips like crazy and donating to the house

It is good to start with demo - to take the "frustration" / emotions out.
  • #181,063
  • Jun 5, 2009 1:14pm Jun 5, 2009 1:14pm
Quoting currencyexch
Is there a good method to determine direction. I'm just paralyzed in making any moves as everyone I make is the wrong direction. One day up the next down or get stopped out then takes off in the direction I wanted. Frustrating as hell as missing pips like crazy and donating to the house

ok here is what I TRY an do ...

get that rsx thing that godfrey out up last night ....

put on 30 min chart .. when red only sell on smaller time frames , when green only go long on smaller time frame . It has kept me out of a lot of wrong trades and shows trend well

Attached Image (click to enlarge)
Click to Enlarge Name: ym366.png Size: 177 KB
Blogging daily now at www.volume.zone
  • #181,064
  • Jun 5, 2009 1:15pm Jun 5, 2009 1:15pm
Quoting I like steak
It is good to start with demo - to take the "frustration" / emotions out.

I also had the problem of swinged out at stop loss. If one demo on a 1:400 account with mini positions helps overcome this while one observe.
  • #181,065
  • Jun 5, 2009 1:19pm Jun 5, 2009 1:19pm
Overall guys..am still bias bear with target of 151.50 at my LTL..
Look carefully at Daily trend..we may seen 159 to hold that area for north...

But look like both yellow line will be the range next week unless either one is broken and may test south or north..am thinking to put both SL=159 and i just adding my short @ 157

So both short from 160 & 157 area i'll bring her till next week and see what happen at 153 area....

Maybe with only 1 vouch seem people may call me crazy...but look at my previous post of GU trend..where did she going to go..1.53 is the most

http://www.forexfactory.com/showpost...stcount=180953

today Gu will close below 1.60 and if that happen..1.53 insyallah...will be there..
Anyway...my last call before sleep..and take care to all of you...
Attached Image (click to enlarge)
Click to Enlarge Name: my last call this week.JPG Size: 51 KB
  • #181,066
  • Jun 5, 2009 1:20pm Jun 5, 2009 1:20pm
Malcomb,
Is the newest Godfrey version better then the "refreshed no paint" version?
  • #181,067
  • Jun 5, 2009 1:28pm Jun 5, 2009 1:28pm
Stocks are drifting off and JPY-crosses come under pressure, but USD/JPY is holding on to gains in light of higher yields, leaving EUR, GBP, Aud and CAD to bear the brunt.

YELLEN SAYS FED IS "SAILING IN UNCHARTED WATERS

FED'S YELLEN SAYS "WE MUST BE PREPARED FOR SUBSTANTIAL SHOCKS

Equities don't like Yellen's comments and continue to grind lower here
[
  • #181,068
  • Jun 5, 2009 1:30pm Jun 5, 2009 1:30pm
It's a secret to not share the "holy grail"




Quoting fxgrnwise
Currencyexch,
I'm no pro here but I have picked up some pips this week using Tom Demarks new trend on 5-15 min time frames pg.76 attachments,with the 14 sma plus rgitt05 ema cross over indie also in attachments,(best on 15 min) the 14 sma and the cross over will confirm same candle. I also use the better volume chart bars and when the yellow is on up candle may go up a ways,any ways this is my scalping method.
[
  • #181,069
  • Jun 5, 2009 1:33pm Jun 5, 2009 1:33pm
Glad you are back rgitt05
  • #181,070
  • Jun 5, 2009 1:36pm Jun 5, 2009 1:36pm
Quoting fxgrnwise
Malcomb,
Is the newest Godfrey version better then the "refreshed no paint" version?

no idea I have the real thing from Jurik for esignal
Blogging daily now at www.volume.zone
  • #181,071
  • Jun 5, 2009 1:38pm Jun 5, 2009 1:38pm
Malcomb,
Thanks for the 30 min tf tip.
  • #181,072
  • Jun 5, 2009 1:56pm Jun 5, 2009 1:56pm
GJ is not called the beats for nothing. She is hard to trade and often whipsawa the hell out of a trader.

Trading something like GU is much easier. Recently the 900 pips move up simple to trade ... the move down on daily last 3 days simple to trade

I have been finding GU a lot easier to day trade last 3 weeks then GJ to be honest and as Godfrey pointed out I like the 2 pip spread i get with fxcm high volume account

did I trade either move ???.. hell no !!! lol ... that would be to easy
Blogging daily now at www.volume.zone
  • #181,073
  • Jun 5, 2009 2:05pm Jun 5, 2009 2:05pm
Quoting malcolmb14
ok here is what I TRY an do ...

get that rsx thing that godfrey out up last night ....

put on 30 min chart .. when red only sell on smaller time frames , when green only go long on smaller time frame . It has kept me out of a lot of wrong trades and shows trend well

Attachment
Malcolmb,
A quick question for you. The smaller TF you refer to, which 1 do you use / prefer?
Thanks
I trade what I see on my charts. Do Not listen to the Muppets.
  • #181,074
  • Jun 5, 2009 2:10pm Jun 5, 2009 2:10pm
Quoting Vanhook2
Malcolmb,
A quick question for you. The smaller TF you refer to, which 1 do you use / prefer?
Thanks

I use 30 and 15 min for trend ( by looking at rsx mostly) and then trade on 5 min for entries at either upper value area , vwap , point of control or lower vlaue area of the volume histogram . I use these values for todays and yesterdays session
Blogging daily now at www.volume.zone
  • #181,075
  • Jun 5, 2009 2:16pm Jun 5, 2009 2:16pm
Thank You
I trade what I see on my charts. Do Not listen to the Muppets.
  • #181,076
  • Jun 5, 2009 2:20pm Jun 5, 2009 2:20pm
this spike means something .. low volume mark up during friday afternoon .

I suggest the smart money may have tipped its hand,. This kind of move is designed for pros to hunt stops , psuhing prices higher and then liekly Monday they will hit her with more sell orders at a discount price of 158.5 / 159
Blogging daily now at www.volume.zone
  • #181,077
  • Jun 5, 2009 2:26pm Jun 5, 2009 2:26pm
Quoting malcolmb14
this spike means something .. low volume mark up during friday afternoon .

I suggest the smart money may have tipped its hand,. This kind of move is designed for pros to hunt stops , psuhing prices higher and then liekly Monday they will hit her with more sell orders at a discount price of 158.5 / 159

But Malcolm, don't you think this is the result on a pure usd/yen move? The latter is moving agst us all the afternoon?
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  • #181,078
  • Jun 5, 2009 2:28pm Jun 5, 2009 2:28pm
Malcomb,

Okay that makes sense because I couldn't figure out who would be buying GY now.
  • #181,079
  • Jun 5, 2009 2:29pm Jun 5, 2009 2:29pm
TY all
  • #181,080
  • Jun 5, 2009 2:30pm Jun 5, 2009 2:30pm
Quoting azibi
But Malcolm, don't you think this is the result on a pure usd/yen move? The latter is moving agst us all the afternoon?

why is it moving when ES and GU were doing nothing at time when uj was going up 50 pips. Seems odd for this to be hapopening so late in the market on a Friday ....looks like some form of game

as i said the GU is a much easier beast to trade and produces about the same pips these day . I am going to switch focus to that next week
Blogging daily now at www.volume.zone
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