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

  • #1,181
  • Jul 30, 2007 2:39pm Jul 30, 2007 2:39pm
TP 241.40 high point of today!

Quoting kingmaker
Newjersey,
I went long at 240.36, whats your tp or game plan?

kingmaker
  • #1,182
  • Jul 30, 2007 2:44pm Jul 30, 2007 2:44pm
I put my TP at 241.30 too!!!
Since there's like at least 3 other people talking about this level, I must be doing something right! (YAY! at last!)
Haha. It's like the first time I actually understand something.
  • #1,183
  • Jul 30, 2007 2:45pm Jul 30, 2007 2:45pm
Quoting karmostaji
It is going to test 241.30 again which is the 23.6 fibo level, becareful
On what time frme is 23.6 fibo level for 241.30? If you don't mind my ignorance.
  • #1,184
  • Jul 30, 2007 2:47pm Jul 30, 2007 2:47pm
Guys

I see your looking at useing the QQE indicator, as I said I dont use it instead I use this one AbsoluteStrength....it comes in two forms a line graph and a Oscillator.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj 1hr 4.jpg Size: 87 KB
Click to Enlarge Name: gj 1hr 5.jpg Size: 80 KB
  • #1,185
  • Jul 30, 2007 2:47pm Jul 30, 2007 2:47pm
[quote=karmostaji;1515812]It is going to test 241.30 again which is the 23.6 fibo level, becareful[/quot


hi kar,

how do i draw fibo retracement line; period, points etc
THE TREND IS UR FRIEND
  • #1,186
  • Jul 30, 2007 2:50pm Jul 30, 2007 2:50pm
Quoting persian.forex
sir, its no signal

look chart and trade with your think...
i know that but now its much easier to go long, since evrybody long...P
its just money
  • #1,187
  • Jul 30, 2007 2:50pm Jul 30, 2007 2:50pm
Open up a 4h chart

If you are using MT4, go to:

>Insert >Fibonnaci >Retracement

then drag it from the highest point on 20th July till the lowest price we had today, the 23.6% fibo level you'll get is 241.30 (earlier today price hit that and fell like a rock)
Trade what you see, not what you think.
  • #1,188
  • Jul 30, 2007 2:52pm Jul 30, 2007 2:52pm
Quoting glenn5t
Guys

I see your looking at useing the QQE indicator, as I said I dont use it instead I use this one AbsoluteStrength....it comes in two forms a line graph and a Oscillator.

From what I remeber you were the one to find this indicator in the first place and I am absoluly sure that I saw a print screen some posts ago with QQE and strenght indicator and they were looking practicly the same, only that I don't know the setings for QQE, why don't you want to use it?
  • #1,189
  • Jul 30, 2007 2:54pm Jul 30, 2007 2:54pm
I prefer the AB indicator.....
  • #1,190
  • Jul 30, 2007 2:54pm Jul 30, 2007 2:54pm
Glen, Does it run similar to the Strength Indicator? Better then the QQE?

Quoting glenn5t
Guys

I see your looking at useing the QQE indicator, as I said I dont use it instead I use this one AbsoluteStrength....it comes in two forms a line graph and a Oscillator.

  • #1,191
  • Jul 30, 2007 2:55pm Jul 30, 2007 2:55pm
Quoting glenn5t
Guys

I see your looking at useing the QQE indicator, as I said I dont use it instead I use this one AbsoluteStrength....it comes in two forms a line graph and a Oscillator.

Thank You Glenn
Is this available in MT4 ? (I could not find it)
Do you know what the settings should be ?
  • #1,192
  • Jul 30, 2007 2:59pm Jul 30, 2007 2:59pm
Quoting karmostaji
Open up a 4h chart

If you are using MT4, go to:

>Insert >Fibonnaci >Retracement

then drag it from the highest point on 20th July till the lowest price we had today, the 23.6% fibo level you'll get is 241.30 (earlier today price hit that and fell like a rock)
How do you chose which fibo to use cause they are so many you could trace for a day for last fall of the price for the one you are using since 20 of july, an so on...? Or are you using o combination of many, and if that's the case when do you know to stop cause like I said you can draw fibo's allover.
Can you sumarize some method for fibo using?
Thanks
  • #1,193
  • Jul 30, 2007 3:02pm Jul 30, 2007 3:02pm
I use setting 0,9,6,5,3...but the default ones are close......this is a simple cross.....when the colour line cross's it shows a move but the strength is when the solid line is on top of the dotted line..

You will see when you load it....it also lines up with the moves.....

Iam not here to duplicate Aussie's set up but to try and learn his ability to pick the breakouts, I perfer MT4 over VT and I am therefore looking to get indicators to show this...

Glenn
Attached File(s)
File Type: mq4 AbsoluteStrength_v1.1july 30..1.mq4   6 KB | 475 downloads
File Type: mq4 AbsoluteStrength_v1DH july30 2.mq4   5 KB | 449 downloads
  • #1,194
  • Jul 30, 2007 3:04pm Jul 30, 2007 3:04pm
Quoting ovidiu
How do you chose which fibo to use cause they are so many you could trace for a day for last fall of the price for the one you are using since 20 of july, an so on...? Or are you using o combination of many, and if that's the case when do you know to stop cause like I said you can draw fibo's allover.
Can you sumarize some method for fibo using?
Thanks
I use multiple fibo's on different TF's

Read http://www.babypips.com/school/fibonacci_who.html , they explain it better than me, go through all 4 pages
Trade what you see, not what you think.
  • #1,195
  • Jul 30, 2007 3:06pm Jul 30, 2007 3:06pm
Quoting glenn5t
I use setting 0,9,6,5,3...but the default ones are close......this is a simple cross.....when the colour line cross's it shows a move but the strength is when the solid line is on top of the dotted line..

You will see when you load it....it also lines up with the moves.....

Iam not here to duplicate Aussie's set up but to try and learn his ability to pick the breakouts, I perfer MT4 over VT and I am therefore looking to get indicators to show this...

Glenn
Thanks Glenn....my exact goal as well. I was a little discouraged I did not see that breakout last week. But continuing education !

Thanks for your help, much appreciated.

Rusty
  • #1,196
  • Jul 30, 2007 3:09pm Jul 30, 2007 3:09pm
Rustyyy

No problem
  • #1,197
  • Jul 30, 2007 3:15pm Jul 30, 2007 3:15pm
Maybe we can touch 242 from here how do u think guys?
  • #1,198
  • Jul 30, 2007 3:18pm Jul 30, 2007 3:18pm
It has to break the days high of 241.40....then the next on my charts is 242.15/20....
  • #1,199
  • Jul 30, 2007 3:19pm Jul 30, 2007 3:19pm

could u tell me how its being formulated?


Quoting glenn5t
I use setting 0,9,6,5,3...but the default ones are close......this is a simple cross.....when the colour line cross's it shows a move but the strength is when the solid line is on top of the dotted line..

Quoting glenn5t

You will see when you load it....it also lines up with the moves.....

Iam not here to duplicate Aussie's set up but to try and learn his ability to pick the breakouts, I perfer MT4 over VT and I am therefore looking to get indicators to show this...

Glenn
"Analysis Is Hard But Trade Is Easy"
  • #1,200
  • Jul 30, 2007 3:22pm Jul 30, 2007 3:22pm
the short answer is no.....but I maybe able to look at the file..
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