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

  • #226,701
  • May 31, 2010 2:35am May 31, 2010 2:35am
Quoting maanawi
Here is update for my post http://www.forexfactory.com/showpost...stcount=226662

a comment about GJ for last week, a method I call as below so above and it do help me some times and can be considered as fibo 50% retrace somehow..

our opening candle for this week on H1 chart was around 30 pips, our lower candle of the bearish wave was 60 pips.
the opening candle give us around 270 pips as bearish so the 60 pips candle will give us the double wave size inside the same week as its usually happen.

plus measuring some...

great technical analysis dude!!
thank you for the imput
  • #226,702
  • May 31, 2010 3:21am May 31, 2010 3:21am
Quoting Raza
Your EYES....And of course RSI...
thanks mate


Quoting Scrat
in this order - macd, stochastic, cci. rsi doesn't work very well with divergences, although it's not very bad.

you will need to figure out the setting (for instance, macd 8,17,9; or stochastic 9,4,5... or cci 14) depending on your trading style and trend speed.
thanks bro
ブードゥー教
  • #226,703
  • May 31, 2010 3:46am May 31, 2010 3:46am
Sooner or later the divergence on the 4 hour has to play out.
Going down.
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  • #226,704
  • May 31, 2010 4:08am May 31, 2010 4:08am
Quoting KillerWhale
Sooner or later the divergence on the 4 hour has to play out.
Going down.
I don't see a divergence.. the price never make a higher high. What divergence u see?
Read the entire market, money is made on the main trend not the fluctuation
  • #226,705
  • May 31, 2010 4:15am May 31, 2010 4:15am
Quoting Kofmaster
I don't see a divergence.. the price never make a higher high. What divergence u see?
While I'm with you on what classifies as a divergence, I can see price moving up for the last 5 bars on his chart and the oscillators moving in the opposite direction. I suppose some may classify this as a divergence as price and the oscillators are diverging and it may work, I've just never used it in quite that way.
Every time you use 'hopium' in a post, God kills a kitten.
  • #226,706
  • May 31, 2010 4:23am May 31, 2010 4:23am
i prefer short only below 131.40 for now
or somewhere near double top 133.16
  • #226,707
  • May 31, 2010 4:24am May 31, 2010 4:24am
Quoting profxtrader
While I'm with you on what classifies as a divergence, I can see price moving up for the last 5 bars on his chart and the oscillators moving in the opposite direction. I suppose some may classify this as a divergence as price and the oscillators are diverging and it may work, I've just never used it in quite that way.
Thank you prof, it has worked this way a lot of times for me.
But maybe calling it a divergence is not the right word to use.
I'll have to do some research on internet sites what would be the right word to express what I mean to say.
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  • #226,708
  • May 31, 2010 4:30am May 31, 2010 4:30am
May I ask what are your targets? 130.453 sits at daily S1 and 50% fib of last swing low from 127.65 to the last swing high...it sems to be reasonable for the first round...


Quoting KillerWhale
Thank you prof, it has worked this way a lot of times for me.
But maybe calling it a divergence is not the right word to use.
I'll have to do some research on internet sites what would be the right word to express what I mean to say.
  • #226,709
  • May 31, 2010 4:30am May 31, 2010 4:30am
Quoting KillerWhale
Thank you prof, it has worked this way a lot of times for me.
But maybe calling it a divergence is not the right word to use.
I'll have to do some research on internet sites what would be the right word to express what I mean to say.
Maybe it looks better when I add the up going short term trend lines?
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  • #226,710
  • May 31, 2010 4:32am May 31, 2010 4:32am
Quoting 5ysfx
i prefer short only below 131.40 for now
or somewhere near double top 133.16
where is the fun in that?...

on a more serious note, why don't you short here?...we are not that far from 133.16 and this whole alomst 200 pip up move in asian/uk session has been on dying volume....
  • #226,711
  • May 31, 2010 4:33am May 31, 2010 4:33am
Quoting KillerWhale
Maybe it looks better when I add the up going short term trend lines?
Forgot the chart, sorry.

Target? Not sure yet, studying charts at the moment
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  • #226,712
  • May 31, 2010 4:52am May 31, 2010 4:52am
Quoting Fusion
where is the fun in that?...

on a more serious note, why don't you short here?...we are not that far from 133.16 and this whole alomst 200 pip up move in asian/uk session has been on dying volume....
i dont trade for fun i trade for money
and i prefer to be "sure" insated of jump in when price is in the mddle of range.
  • #226,713
  • May 31, 2010 5:03am May 31, 2010 5:03am
Quoting profxtrader
While I'm with you on what classifies as a divergence, I can see price moving up for the last 5 bars on his chart and the oscillators moving in the opposite direction. I suppose some may classify this as a divergence as price and the oscillators are diverging and it may work, I've just never used it in quite that way.
thanks clarifying
Read the entire market, money is made on the main trend not the fluctuation
  • #226,714
  • May 31, 2010 5:38am May 31, 2010 5:38am
.........
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  • #226,715
  • May 31, 2010 6:48am May 31, 2010 6:48am
Quoting 5ysfx
i dont trade for fun i trade for money
and i prefer to be "sure" insated of jump in when price is in the mddle of range.
what range?
  • #226,716
  • May 31, 2010 7:23am May 31, 2010 7:23am
Im short from 132.73
sjort term targets 132.16, 131.81 and 131.52
longer term targets 131.52 and 128.70

lets start the weekend with some pips people!! good morning!!
  • #226,717
  • May 31, 2010 7:30am May 31, 2010 7:30am
Quoting Fusion
what range?
133.16 - 132.40 now
  • #226,718
  • May 31, 2010 10:03am May 31, 2010 10:03am
and we are going down... last tokyo close @ 132.56 just turned into resistance.

p.s. london open @ 132.16 was broken as i wrote... next support is last weekly close @ 131.63.
Nihil Sine Deo.
  • #226,719
  • May 31, 2010 10:09am May 31, 2010 10:09am
joined you at 132.85, stop at 133.51 and also looking for 100 pips in today's quiet market.
A little beginner trader since 2006
  • #226,720
  • May 31, 2010 10:10am May 31, 2010 10:10am
short term targets 132.16, 131.81 and 131.52
longer term targets 131.52 and 128.70............
happy trade
A little beginner trader since 2006
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