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Daily GBP/JPY analysis

  • #8,361
  • Jul 16, 2007 3:06am Jul 16, 2007 3:06am
Quoting 1000USD
I can see the sell positions here ! up trend is started in h4 ! MACD by defult show me sell and adx 14 show me that , but do not trade with my speaks , thanks .. I am -3 pips now!
Where did you find the adx 14 indicator?
Are you using the MT4?
I guess I will need it from you, on MT4 I can only find the MACD and MA.
And I didn't use them a lot.
  • #8,362
  • Jul 16, 2007 3:14am Jul 16, 2007 3:14am
Quoting trader8686
Ok, Cindy and musicman007: Are you using the MT4 trading station?
On MT4, I have moving averages indicator, and the input is MA_period, MA_shift and MA_method. Are these the number input of the MA 5, 13 and 30 you said?
Also, what is your setting numbers for MACD?
(Really want to try it out.)
I use different software ( Fibonacci Trader ) but the period should be where you enter the values 5,13, and 30 so therefore you would have three lines on you rchart. Try it and see what result you get.
  • #8,363
  • Edited 4:57am Jul 16, 2007 3:16am | Edited 4:57am
Quoting cindy
Thank you for your comment.
Your indicator is good and I also use MA 5, 13 and 52 before I change the 52 to 30. The reason is that I only have 4 signals a month as MA 52 is too long.

I suggest that you backtest MA 5,13 and 30 on pair UJ EU GU UCh UAu and you can find that you can make 2.200 - 2.400 points every month in April Mat and June 2007. As you know, valid entry is 5 crosses 15 and 30 and MACD has confirmed.

thank you
Hi Cindy,
I set my MA as 5, 13, 30 and attached to GJ 4H chart and I saw three lines cross the 4H bars. Next, I set up the MACD: MACD fast 5 Slow 13 and simple MA 1 with TF 4h
Do I have to have the adx 14? And, what is your exit signal?
  • #8,364
  • Jul 16, 2007 3:20am Jul 16, 2007 3:20am
Quoting musicman007
I use different software ( Fibonacci Trader ) but the period should be where you enter the values 5,13, and 30 so therefore you would have three lines on you rchart. Try it and see what result you get.
I only have one line, and my MA_period only take one number.
May be: Can you show me where to find Fibonacci Trader ?
  • #8,365
  • Edited 3:37am Jul 16, 2007 3:24am | Edited 3:37am
Quoting 1000USD
I can see the sell positions here ! up trend is started in h4 ! MACD by defult show me sell and adx 14 show me that , but do not trade with my speaks , thanks .. I am -3 pips now!
1000USD, I attahced the MACD to the bottom of h4 chart as you did.
And, how do I tell what is sell / buy?
I guess that MACD is minus (goes under) is to sell, and positive (goes above) is to buy.???????
  • #8,366
  • Jul 16, 2007 3:34am Jul 16, 2007 3:34am
Quoting trader8686
I only have one line, and my MA_period only take one number.
May be: Can you show me where to find Fibonacci Trader ?
Can you not set up multiple lines with each one having a different value?

Fib trader is at www.fibonaccitrader.com
  • #8,367
  • Edited 3:53am Jul 16, 2007 3:43am | Edited 3:53am
Quoting musicman007
Can you not set up multiple lines with each one having a different value?

Fib trader is at www.fibonaccitrader.com
You are right, I have just did it: 3 lines with 5, 13, 30 set up to the MA_period.
I think I did it right, and I have also set up MACD with default values.
But, I don't know how to find the entry point.
Like rigiht now, the current 30M bar, is a sell ???
MACD is minus and 3 MA lines cross at this 30M bar (Am I correct?)???
--- I am on GBP/JPY pair ---
  • #8,368
  • Jul 16, 2007 5:30am Jul 16, 2007 5:30am
Quoting trader8686
Ok, Cindy and musicman007: Are you using the MT4 trading station?
On MT4, I have moving averages indicator, and the input is MA_period, MA_shift and MA_method. Are these the number input of the MA 5, 13 and 30 you said?
Also, what is your setting numbers for MACD?
(Really want to try it out.)
Hello,
I use EMA 5 red, 15 blue and 30 yellow and I set MACD fast EMA 5, slow EMA 13 and SMA 1.

I suggest that you spend 7 hours to study and backtest them on the pairs UJ EU GU UChf AU, and you will find that you almost every month you can make betwwen 2000 - 2400 pips.

You don't need to trade everyday or only 14-16 trading days a month.

If you think that 1500 pips - 2.200 pips a monh is enough for you than I will call you a good trader so again please study this system.

With this system you will make approx. 320-400 on UJ, 400-500 on EU, 450-600 on Cable, 300-400 UChf and 300-400 on AU.

GJ ? this is the best pair for me. It moves very attractive and it will make us sooooooooo happy.

My daily target is not much it's only 100 pips and I think you will make it your daily target also.

let's back to indicators.

Valid entry when those EMAs cross and the MACD has confirmed.
For example : UJ pair. red and blue crossed down and MACD has moved down to - 0.15 line. and that was the valid entry. If you use the cross hair you will find that entry point was 122.34

GBP/JPY? please back 3 pages and study my last result.

Today? I just made15 pips on EU, 17 pips on UJ and 26 pips on GJ so I still need at least 48 pips to complete my daily target.

Thank you
The trader who has everything has everything to hide
  • #8,369
  • Jul 16, 2007 5:33am Jul 16, 2007 5:33am
[quote=musicman007;1495598]
Quoting cindy
Hello, thank you for your comments.

So far I already made 1.246 pips for July 07 from 5 pairs GJ GU UJ UChf and AU and I still have enough time to complete my target, between 1.500 - 2.000 points a month.

Hi Cindy, thanks for your thoughts. I am having a thick moment and must be missing something here. I have the charts with your values but am failing to see anywhere near the level of entries that you have on GY. I know its monday morning and the coffee is only just kicking in but what am I missing ??

Thanks
Hello Musicman, nice to know you

Thank you
The trader who has everything has everything to hide
  • #8,370
  • Jul 16, 2007 6:00am Jul 16, 2007 6:00am
Quoting cindy
Hello everyone, please review my trading result below and kindly give some comments about my indicator. I use EMA 5,15 and 30 and MACD fast 5 Slow 13 and simple MA 1 with TF 4h.

05 July 07 Long 247.41 closed 05 July 247.36 = -5 pips
05 July 07 short 246.92 closed 10 July 245.98 = 94 pips
05 July 07 short 246.80 closed 10 July 245.98 = 82 pips
05 July 07 short 247.17 closed 10 Juli 245.98 = 119 pips
05 July 07 short 247.37 closed 10 July 245.98 = 139 pips
06 July 07 short 247.62 closed 10 July 245.98 = 164 pips
09 July 07 short 248.63 closed 09 July 248.32 = 31 pips
10 July 07 short 248.60 closed 10 July 248.35 = 25 pips
12 July 07 short 248.50 closed 12 July 248.26 = 24 pips
13 July 07 short 248.60 closed 13 July 248.43 = 17 pips
13 July 07 short 248.60 closed 13 July 248.23 = 37 pips
13 July 07 short 248.60 closed 13 July 248.29 = 31 pips
Total 758 pips so far.
I am sure many of you can make morethan 2500 pips a month so please share your indicator.
Cindy,
2500 pips a month? That's 30,000 pips a year. This kind of production begs the question, "Are you a Japanese Housewife?" The only thing that puzzles me is why you would be shorting gbp/jpy, unless you're just trying to sucker us all in so you can get a nice low price for a buy. For the love of God, on behalf of all struggling American male traders, if you really are a JH please show us the way!
  • #8,371
  • Jul 16, 2007 6:05am Jul 16, 2007 6:05am
Cindy, I like your methods ema's and macd. I tried your macd setup, it shows a nice count for sure across the TF's i will use along side 5 35 5 with a true completion of counts. thanks
"Millionaires don't use astrology, billionaires do"
  • #8,372
  • Jul 16, 2007 6:09am Jul 16, 2007 6:09am
My2boys, cindy is correct should this absorbing volume on U/J be destroyed. Yen could be in for some serious strength. 122.16 is the key breakdown number, which it has accomplished, see how the volumes play out today not looking good for carry though atm
"Millionaires don't use astrology, billionaires do"
  • #8,373
  • Jul 16, 2007 6:13am Jul 16, 2007 6:13am
any idea ? any forcast about gbp jpy ? I want to know your ideas about gj ... please say here .... thanks
byebye costly moments.
  • #8,374
  • Jul 16, 2007 6:47am Jul 16, 2007 6:47am
About Cindy's method, does anyone know what's her exit signal?http://www.forexfactory.com/images/icons/icon5.gif
  • #8,375
  • Jul 16, 2007 6:53am Jul 16, 2007 6:53am
Quoting trader8686
About Cindy's method, does anyone know what's her exit signal?http://www.forexfactory.com/images/icons/icon5.gif
yes please help and say you idea about this
byebye costly moments.
  • #8,376
  • Jul 16, 2007 7:12am Jul 16, 2007 7:12am
Quoting 1000USD
any idea ? any forcast about gbp jpy ? I want to know your ideas about gj ... please say here .... thanks
I dropped my crystal ball so that doesn't work anymore but when I sat down on the toilet this morning, I had a vision that showed me 251 :

or was it 215

or my blodpressure dropping due to constipation
  • #8,377
  • Jul 16, 2007 8:11am Jul 16, 2007 8:11am
Quoting BaasHarm!
I dropped my crystal ball so that doesn't work anymore but when I sat down on the toilet this morning, I had a vision that showed me 251 :

or was it 215

or my blodpressure dropping due to constipation
Yes, what is your real openion? I have nno idea what happened to GJ.
  • #8,378
  • Jul 16, 2007 8:36am Jul 16, 2007 8:36am
where are other traders !!!!!!
byebye costly moments.
  • #8,379
  • Jul 16, 2007 9:01am Jul 16, 2007 9:01am
yea its really quite here. where is everyone?
  • #8,380
  • Jul 16, 2007 9:12am Jul 16, 2007 9:12am
my god I need down ... selll it sell ... my sell positions are in 247.70 I can see loossss.... WHY not fall in and drop down today ????
byebye costly moments.
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