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birdt replied Nov 12, 2007Is it just me, or are no charts/objects uploading at the moment?
Auslanco - GBP/JPY and GBP/USD (newstrade)
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birdt replied Nov 12, 2007Can't post any charts at the moment, so you'll have to look at your own to see what I mean. Not sure whether it is a 'strategy' as such but I have personally found the 5sma channel on different time frames to pretty useful. I have been looking at ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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birdt replied Nov 11, 2007I don't know why anyone is LONG on this thread, I haven't seen any signals and I couldn't give a toss if Mercury is in retrograde or whatever. I'm trading on planet Earth. If you'd been watching the 15m 5SMA channel you'd have made a tidy profit ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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birdt replied Nov 9, 2007They're all 5 period simple moving averages. One is applied to 'close' (skyblue), one is applied to 'high' (green) and finally one is applied to 'low' (orange).
Auslanco - GBP/JPY and GBP/USD (newstrade)
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birdt replied Nov 9, 2007PA, short hand for price action my friend. The only indicators I used for this trade were three MA's (moving averages), 5 period Simple MA applied to Close, 5 period SMA applied to High, and 5 period SMA applied to Low on a 15m trade. Aus has been ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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birdt replied Nov 9, 2007I have thought about going long to try and catch some of the pips I missed on the way down, just didn't post it. Anyway, I didn't go long, I ended up taking two great short trades because of PA around the 5 SMA channel that Aus introduced. The ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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birdt replied Nov 7, 2007Cool ebook, thanks for sharing. Feel really positive about my goals now. I'll read it again when I'm feeling down. Only one small gripe (you should probably make a note to self not to ask pedantic Einstein enthusiasts to proofread anything in ...
How to Get Anything You Want (free ebook)
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birdt replied Nov 7, 2007Yeah! Fight apathy, or don't.............. whatever. Hey M2B, I had the same issue as you - probably wouldn't have noticed if it weren't for using 2 other platforms. I reduced the TF though and it displayed the 'real' price movement, and now they ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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birdt replied Nov 7, 2007In case anyone is interested, here are the average pip movements during the respective sessions over the period 2002-04 for GBP/JPY (also includes opening times in EST): GBP/JPY ranges Asian Session (7 P.M.–4 A.M.) - 112 pips (~12.5p/h) European ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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birdt replied Nov 7, 2007Here you go, a simple system that can be left alone (doesn't require being in front of a computer screen all day) which uses Momentum and 5SMA's on a daily chart. It can certainly be used in conjunction with the Simple System. url Bear in mind ...
Simple Daily System
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birdt replied Nov 7, 2007It's BS like this that gets my goat - don't get me wrong, it could happen, but without any qualification it contributes absolutely nothing to my, or anyone else's, learning in this thread. Back it up with some theory, fundamental or technical, ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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birdt replied Nov 7, 2007Lower lows and lower highs on all the intraday TF's I look at mean only one thing; we're in a downtrend. I only trade with the trend so I'll only consider short positions until new highs are made. I very much doubt it's going to hit 240. Care to ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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birdt replied Nov 6, 2007...and gold is up to $820/oz (+~2%), more significantly it has stepped above the bullish channel it has been in since July. I reckon we'll hit $900 by the end of month. Nothing (directly) to do with JPY, I just have lots of gold (although not quite ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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birdt replied Nov 5, 2007The bargain hunters won't have any cash, plus confidence in these markets will be in the basement. The era of credit expansion is over. Not sure whether it'll be worse than 1929 a la Markam but something is going to have to give. Without the ...
Daily GBP/JPY analysis
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birdt replied Nov 5, 2007Calculating SL's depends on loads of factors. I personally try to place them so there is a solid potential reversal point (based upon a a mixture of pivots, MA's and fib levels) in between entry and SL, and then adjust my position size so I do not ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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birdt replied Nov 1, 2007The price is sitting just below a cluster of important MA's (30m 50 and 100), fibs (white and black lines with price levels), the DP (pink dashed line 239.07), and WR2 (yellow dashed line 238.97) and by the looks of the price action it's having a ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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birdt replied Nov 1, 2007....which can be found in this list of downloadable forex ebooks here: url Best of all they're free (slow download speed unfortunately). Sorry to detract away from the main focus of this thread but has anyone got a copy of Dirk du Toit's 'Bird ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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birdt replied Oct 30, 2007Read these and maybe you'll understand why 90% of retail traders blow their accounts: url url
Auslanco - GBP/JPY and GBP/USD (newstrade)
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birdt replied Oct 30, 2007I've been reading around various sources and although the consensus is most definitely a .25% drop, some are suggesting that rates may be left unchanged, so do not rule it out entirely. Very few rate the chances of a 0.5% reduction as realistic.
Auslanco - GBP/JPY and GBP/USD (newstrade)