Is this still a 'bounce' in the guppy, or are we changing direction?

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

OK, thanks

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

I was checking out the thread on the Hans indicator .. what is CET? It is referring to a time zone, I think. Central European Time?? Would that be the time in Frankfurt?

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

Also, how do you do the time settings? The MT4 I use is +1 from UK time. i.e. if it says 8am, it is actually 7 am in London. I have no idea why and it cannot be changed, apparently. I am eastern US time. (like New York)

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

Scalper, what timeframe do you use the Hans on or does it make a difference?

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

Thanks for that explanation. I am curious .. did anyone play that 'bounce' long while still holding their shorts?? One day I'd like to have the confidence to play the guppy that way

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

google it .. also do a search of this forum, there is a search box at top of page

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

Ok, thanks, I'll read up on it.

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

Do you have a link for the Hans indicator? Or can you put it here?

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

It means price is going down fast .. going into the tank, which is a big container (in this case) underground for sewage.

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

I wait for a good retracement .. and I know sometimes she just takes off, so I also go to lower timeframe charts like 15 or 5' looking for any signs of slowdown or pause or hopefully a retracement.

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

I'm there too.

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

You mean apart from the end of civilization as we know it .... ?

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

Thanks Godfrey

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

Yes I saw that, thanks I was happy with it. I'll check out the book.

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

Hey, for once we're on the same side LOL That RSI indicator is a good one ... really helps confirmation of direction.

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

Me too and sometimes simultaneously ... this is one crazy trading range!

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

hey malcomb, you weren't here earlier but I am curious what you take would have been on that move up after London opening. By the time I arrived it was 11 am London time and I saw that long consolidation on the 5 and 15', I just did not see it going ...

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

Back in no man's land (sigh) I just could not see it as a long or a breakout .. especially the consolidation on the 5' and 15'. I wasn't around at London open, arrived around 11 am London time and it just was looking so toppy to me. Probably a lucky ...

Karmo's trading strategy trading GBP/JPY

I have the daily R1 at 196.81

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