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

  • #205,141
  • Oct 21, 2009 9:06pm Oct 21, 2009 9:06pm
Quoting malcolmb14
yup buyers showing up 151.20 oon 5 min closed trade for now
Let's try this out, you're not the only one with a vol feed malc

Hidden bear div on G/J M5 A/D.

Paper trade:

Short from 151.39 SL 151.483 (prev M5 divergence high) targetting the 151.1 zone.
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  • #205,142
  • Oct 21, 2009 9:14pm Oct 21, 2009 9:14pm
Quoting malcolmb14
yup buyers showing up 151.20 oon 5 min closed trade for now
Should be buying @ 150.80 or below.. preferably @ 150.00. Hopefully it can get there..
  • #205,143
  • Oct 21, 2009 9:19pm Oct 21, 2009 9:19pm
Paper trade target hit.
  • #205,144
  • Oct 21, 2009 9:39pm Oct 21, 2009 9:39pm
Quoting sinner-
Paper trade target hit.
good job..

I bet you can only do that on a virtual.. hard to trigger trade like that in live.. imo..
  • #205,145
  • Oct 21, 2009 9:50pm Oct 21, 2009 9:50pm
Short anyone?
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  • #205,146
  • Oct 21, 2009 9:51pm Oct 21, 2009 9:51pm
GCAD has moved 100 pips and UCAD moved about 40 pips but GJ is still in range..
  • #205,147
  • Oct 21, 2009 9:53pm Oct 21, 2009 9:53pm
Quoting bartstop
Short anyone?
no thanks.. i'm not that brave..
  • #205,148
  • Oct 21, 2009 10:04pm Oct 21, 2009 10:04pm
Quoting A-speculator
good job..

I bet you can only do that on a virtual.. hard to trigger trade like that in live.. imo..
I will keep try it out. You can see the trade went further than target, went 40 pips in favour and and declining. I don't see why it couldn't work fine as long as you have nimble fingers (trust me I do). You are only aiming for the bar close price to enter after all, can't be too hard to hit.

If the paper trades are successful tonight during London I will try to make it into a tradeable system. G/J is a good candidate due to volatility.
  • #205,149
  • Oct 21, 2009 10:12pm Oct 21, 2009 10:12pm
Quoting sinner-
I will keep try it out. You can see the trade went further than target, went 40 pips in favour and and declining. I don't see why it couldn't work fine as long as you have nimble fingers (trust me I do). You are only aiming for the bar close price to enter after all, can't be too hard to hit.

If the paper trades are successful tonight during London I will try to make it into a tradeable system. G/J is a good candidate due to volatility.
i mean psychologically trading live account.. to enter counter trade like that.. well, i don't know.. maybe it's only me.. it may workout tho as I am also hoping a larger retracement to buy more.. but I won't take the trade even though there's a possibilities of potential sizable downside.. I will buy the dips after exhaustion of the move.. Same goes with UCAD & GCAD..
  • #205,150
  • Oct 21, 2009 10:16pm Oct 21, 2009 10:16pm
Ascending triangle pattern at H1 GJ, break 151.50 yes we fly to north pole. Break 150.60 will see next support at 149.20.

KISS
  • #205,151
  • Oct 21, 2009 10:16pm Oct 21, 2009 10:16pm
Ok, now let's weigh the risk to short GJ.. As of this writing, I've seen there's nothing to drive GJ down. Currently I seen potential upside on GU & UJ.. Until both GU and UJ decide to go down, GJ will move down or if either GU or UJ move to the opposite side, we may still be in this boring range..
  • #205,152
  • Oct 21, 2009 10:21pm Oct 21, 2009 10:21pm
right now eu is testing 1.5 support.. good entry for long imo..

Now, if that 1.5 support hold, GU might have limited exposure to the downside which only leave UJ to pull GJ down.. imho..
  • #205,153
  • Oct 21, 2009 10:31pm Oct 21, 2009 10:31pm
Quoting A-speculator
no thanks.. i'm not that brave..
Short from 1.5137, s/l 1.5165, target 1.50, but I'm also long from 1.5110 with no target yet (1.5300) coz we finally will go up.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #205,154
  • Oct 21, 2009 10:34pm Oct 21, 2009 10:34pm
Quoting A-speculator
i mean psychologically trading live account.. to enter counter trade like that.. well, i don't know.. maybe it's only me.. it may workout tho as I am also hoping a larger retracement to buy more.. but I won't take the trade even though there's a possibilities of potential sizable downside.. I will buy the dips after exhaustion of the move.. Same goes with UCAD & GCAD..
Sorry bro, my bad for not clarifying, my trading style is much more like malcombs, I simply waiting for a market opportunity to take some pips, not care about the trend up or down. I will generally enter trade, wait for it to go in my favour, move SL to BE and wait for TP or bust.

I am sure as long as the volume feed is good, you can use A/D divergence on higher timeframe to pick perfect bottom and top with the trend also. Here is an example to take long on the H1 from last week.

Long off that hourly close with SL at hourly low would give a H1 trade with drawdown of only 20-30 pips, and 1000 pip profit
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  • #205,155
  • Oct 21, 2009 10:37pm Oct 21, 2009 10:37pm
This is my view on EU, the support that we are testing now..
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  • #205,156
  • Oct 21, 2009 10:45pm Oct 21, 2009 10:45pm
what do u mean by drawdowns of only 20-30 pip? is that a average sl?
thanks

Quoting sinner-
Sorry bro, my bad for not clarifying, my trading style is much more like malcombs, I simply waiting for a market opportunity to take some pips, not care about the trend up or down. I will generally enter trade, wait for it to go in my favour, move SL to BE and wait for TP or bust.

I am sure as long as the volume feed is good, you can use A/D divergence on higher timeframe to pick perfect bottom and top with the trend also. Here is an example to take long on the H1 from last week.

Long off that hourly close with SL at hourly low would give a H1...
  • #205,157
  • Oct 21, 2009 10:49pm Oct 21, 2009 10:49pm
Quoting just_ha
what do u mean by drawdowns of only 20-30 pip? is that a average sl?
thanks
No, what he means is for that particular trade, the risk was only 20-30 pip but the reward was a mile away..
  • #205,158
  • Oct 21, 2009 10:52pm Oct 21, 2009 10:52pm
agh ok . so your sl varies depending on the last hourly candle, is that a set rule for you ?

Quoting A-speculator
No, what he means is for that particular trade, the risk was only 20-30 pip but the reward was a mile away..
  • #205,159
  • Oct 21, 2009 10:53pm Oct 21, 2009 10:53pm
as intraday trader, am still long this dragon,149.80 my SL. just incase my SL hit, i may open short GJ. however it still bullish from the M30 chart. i'm expecting news at 4.30 will awake this dragon he must be tired from a hard move yesterday
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  • #205,160
  • Oct 21, 2009 10:56pm Oct 21, 2009 10:56pm
Here you go A-spec, I will add this one to the list of paper-trades to see what happens. H1 hidden bearish div on G/J using A/D. Short on this hourly close whatever the price is (around 151.3 zone), SL 151.55 TP 147 zone.

Please do not take this trade anyone, it is just testing for now!
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