This is the reason we keep on bouncing back up again... we need MA730 (yellow) to curve down... which it will do quite soon.
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Richard,
Congrats on finally figuring out how to post charts through your platform. It will be a big help to all of us now when you try to explain your reasoning for your positions. Keep up the good work!
The dow is bouncing along the high of the day. If it breaks through, we should see movement up in GJ
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The SI's on the 15M, 30M, and 4H are all bullish with the 1H turning up and getting ready to cross the slow RSI. You could be right. We might see a bull run this afternoon.
Can someone tell me what the settings are for the SI and what TFT relates too please.
Thanks in advance.
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The equivalent of the SI indicator is the Quantitaive Qualitative Estimation indicator on VT. Set the smoothing factor to 5, white out the fast RSI line so only the slow RSI appears on your chart, and set a horizontal line at 50. The TFT equivalent is the Gann Hi-Lo indicator. Simply set it for 10 periods. You're welcome.
Congrats on finally figuring out how to post charts through your platform. It will be a big help to all of us now when you try to explain your reasoning for your positions. Keep up the good work!
M2B
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Thanks, my2buoys - nice to get some response other than the normal stony silence!
Separately... notwithstanding my embarrassment ast Friday when my supposedly strong resistance from that pattern I described was instantly disproved by late Friday's spike, I still suspect that my central premise will prove to be valid - i.e., that it will prove to be a signal indicating a very big drop to come.
I very seldom even look at that set of MA's - which is vastly different from my normal sets - and have never actually traded on that formation before, so perhaps that's why I had the wrong impression that the top MA represented extremely strong resistance.
Anyway, we'll see over coming days whether if it does turn out to have correctly signalled a big drop approaching, or not. If you'd like to see that chart at any time, let me know.
The strong downward curvature of MA430 (blue), and its expansion away from MA240 (brown), indicates very strong downward pressure on GU - notwithstanding the scary distance of MA120 far above, indicating the danger of being oversold.
Anyway, we'll see over coming days whether if it does turn out to have correctly signalled a big drop approaching, or not. If you'd like to see that chart at any time, let me know.
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Yes please. Some of us may not post too often, but doesn't mean there's no interest. Like M2B, I enjoy looking at different perspectives and the best way to do so is to view the charts.
Yes please. Some of us may not post too often, but doesn't mean there's no interest. Like M2B, I enjoy looking at different perspectives and the best way to do so is to view the charts.
Thanks Richardj
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Here it is. Unfortunately, in order to show it clearly on this site, I can only show a detail of the graph, which doesn't give the overall 'feel' so well. Also, I can see that Paint is distorting angles (and particularly, relative angles of MA's), so that also makes it more difficult to see what I'm talking about here.
I understand your frustration at watching the GBP/JPY do very little at this time. That's what happens when a thread focuses on a single pair. Auslanco has opened this thread up to minor injections of USD/JPY and GBP/USD discussion, but to open it up to any pair will ruin this thread's focus. That's what happened at the other GBP/JPY thread. People were asking about everything from the USD/CHF to the EUR/AUD. The line has to be drawn somewhere. If you want to discuss other pairs find the proper thread or start your own. If you are allowed to discuss GBP/CHF here then the next guy will come in wanting perspective on USD/HKD. I'm saying this nicely, please don't clog this thread up with other pairs. Thanks.
I understand your frustration at watching the GBP/JPY do very little at this time. That's what happens when a thread focuses on a single pair. Auslanco has opened this thread up to minor injections of USD/JPY and GBP/USD discussion, but to open it up to any pair will ruin this thread's focus. That's what happened at the other GBP/JPY thread. People were asking about everything from the USD/CHF to the EUR/AUD. The line has to be drawn somewhere. If you want to discuss other pairs find the proper thread or start your own. If you are allowed to discuss GBP/CHF here then the next guy will come in wanting perspective on USD/HKD. I'm saying this nicely, please don't clog this thread up with other pairs. Thanks.
M2B
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Sorry to offend... I will keep this text for the next off topic discussion.
I just read that someone said on this thread, while I was off-line, that they did not think that AUS had made any correct trades.
I find this statement incredible! Although I've only been on this thread for a short while, I have witnessed AUS making several extremely accurate predictions. Just off the top of my head, his prediction about a week ago of GJ rising strongly was extremely successful... and then his prediction that there would be a very strong retracement on Friday... these are just two very brave predictions that come to mind which I for one found incredibly impressive.
No one, no matter genius or what, can be right every time in FX - let alone on the dreaded GJ!
Auslanco - GBP/JPY and GBP/USD (newstrade)
