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

Quoting GodfreyH

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CABLE: I sometimes use divergence + the rsx overbought or oversold levels in the 5 min to see if a 4hr bar will retrace to the 5-sma.

Retrace was completed and its time for business.

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Quoting monarch

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Awesome Job on that trade, good thing you exited, Malcomb mentioned pullbacks were buy opportunities, and were hitting Asia high here now.

I am scalping everything but the EJ these days, I trade 6 pairs constantly for small profits, but in a 30 day period I make a pretty good chunk of pips.

Usually I am not awake during London, but I went to bed too early and now I am too rested.

Cheers

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Quoting grashid

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as am doing the same too in the beginning when am still dump in forex...so just share and help each other since am making 2Xmonthly target this week....its good for them as well for this oppurtunity before its late...t
ake some and share among each of us..
but sure my money is my money lol

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Quoting grashid

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Thanks for update Godfrey..have u tested that indi..what is ur finding...good & accurate?

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Quoting GodfreyH

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the RSX indi?....like any other tool I find I still have to use price action to get a "feel" for where it might really be headed. The trick is to avoid ranging markets

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Quoting sycho

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now your sounding like the pro's..and when ever you start sounding like that..i start having this bad feeling in my stomach,like you gonna do somtin very dangerous..don't tell me your about doing the 50% stake trade again...lololo....HOLLA
CAPTAIN Sycho..

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Quoting GodfreyH

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the RSX indi?....like any other tool I find I still have to use price action to get a "feel" for where it might really be headed. The trick is to avoid ranging markets

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Quoting GodfreyH

Disliked

the RSX indi?....like any other tool I find I still have to use price action to get a "feel" for where it might really be headed. The trick is to avoid ranging markets

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Quoting sycho

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and from my experience,you only spot a ranging market,after being burnt with false direction's..never the 1st time..you just cant seem to tell when the range will start,until it has..HOLLA
CAPTAIN Sycho..

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Quoting grashid

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am still left behind you..dont worry....just 20% stake this time for next week...

http://www.forexfactory.com/showpost...stcount=138559

anyway something good to share from our mate....as happen in my 1 last GU in minis not able to reach 1.61...left ~ 80pips...and back to -15pips atm...mmm

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Quoting GodfreyH

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That seemed too glib, I probably should expand on that a little. It is fairly easy to avoid ranging markets in Cable using volume. I can't say the same for other currency pairs. They don't seem to have rhyme or reason.

Take a look at the chart below. I used to use Ninjatrader to do this, but I've found IBFX volume fairly similar, in terms of results, not vol.quantity. Note the volume when the market is ranging. Now price can still move in these periods, but i just avoid them for EA purposes.

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Quoting sycho

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lool..20%..wow..the house is so gonna get skinned..HOLLA
CAPTAIN Sycho..

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Quoting grashid

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that i share with you...its u try it?

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Quoting GodfreyH

Disliked

CABLE: I sometimes use divergence + the rsx overbought or oversold levels in the 5 min to see if a 4hr bar will retrace to the 5-sma.

Retrace was completed and its time for business.

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Quoting arezab

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Nice call for GU up move bro

Trading GJ today I'm "zufrieden" ... satisfied ... 3 positions and all three sweet green parts of those moves today.

I feel pity I didn't trade GBPCHF yesterday and today very clean signals and easy pips to be made ... but I missed them.

I hope everybody has been doing well today. Nice Friday.

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Quoting grashid

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Wie ist Ihr Handel? Sehen Sie gleich Ding fur 147,50 Gebiete aus? Irgendein tought? Bitte Rat...

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Quoting arezab

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Auf English bitte

I was mostly scalping GJ M5 chart today so I don't have mid term perspective yet but from a quick look (H1 chart) because I still don't see some sort of bearish divergence or lower high (and in fact I only see higher high) I still count on this uptrend to continue ... may be revisit 161.00 again before any down.

Let's see how it plays out next week.

Have a nice weekend everybody

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