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

  • #8,901
  • Aug 16, 2007 12:40am Aug 16, 2007 12:40am
Quoting jarroo
What does the yearly TFT look like Aus?

Jim
it looks like this
Attached Image
  • #8,902
  • Aug 16, 2007 12:40am Aug 16, 2007 12:40am
Quoting markam
Apparently the premarket index for the dow is down 207 points already. It is looking like a bloodbath tomorrow. That alone should easily shatter that TFT barrier.
Bloomberg
Dow12,814.00-107.00-0.83
  • #8,903
  • Aug 16, 2007 12:42am Aug 16, 2007 12:42am
Quoting gau2902
239.50 sems like too far away. I will be so happy if it reaches around that level. but if it continues to go down because of bad DOW today, how far down do you think it might go?
sorry.. it's 229.50, typo
  • #8,904
  • Aug 16, 2007 12:42am Aug 16, 2007 12:42am
Quoting auslanco
We have to wait and see.. the direction is not clear right now. indicators are pointing all over the place. there's a big supprt @ 239.50 area.. the pair may try to break that support few time today..and also it may bounce back to this current level.

.

C'mon mate, where is your Crystal Ball ???

Aus, you done Great Job, last nite, and this morning..

Thanks for that


Cheers
  • #8,905
  • Aug 16, 2007 12:45am Aug 16, 2007 12:45am
Quoting Piters
C'mon mate, where is your Crystal Ball ???

Aus, you done Great Job, last nite, and this morning..

Thanks for that


Cheers

Yaah mate, I lost it, Have to buy a new one from Target
  • #8,906
  • Aug 16, 2007 12:46am Aug 16, 2007 12:46am
Quoting auslanco
it looks like this
  • #8,907
  • Aug 16, 2007 12:46am Aug 16, 2007 12:46am
Quoting auslanco
it looks like this
How do you come up with it my kids are looking at me cracking up and they think i'm loosing it.
  • #8,908
  • Aug 16, 2007 12:47am Aug 16, 2007 12:47am
Quoting auslanco
Yaah mate, I lost it, Have to buy a new one from Target
'right, they are this week on Special...

  • #8,909
  • Aug 16, 2007 12:54am Aug 16, 2007 12:54am
Quoting mktjong
For those who asked, here is the divergence chart looks like:
Price is trending down but Slow Stoch is trending up (Positive divergence). Vice versa is negative divergence.

(Attached) Let me know if you don't get it.
Thanks for the chart. Your MACD is showing divergence as well. Just be careful on the lower time frames with divergence. They can be very lagging and misleading. Check out your monthly chart for the current negative divergence we are in now.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #8,910
  • Aug 16, 2007 12:55am Aug 16, 2007 12:55am
Quoting auslanco
it looks like this
Indicators show the past. Price Action "Indicates" the future.
  • #8,911
  • Aug 16, 2007 12:57am Aug 16, 2007 12:57am
Quoting bill77
Hi Aus, just replied to your pm you sent me. i sent it to your fx email address.
thanks again mate......Bill
Corection aus, your fx email does not work. so i will reply to your email, and send it to your thread pm. by for now.
  • #8,912
  • Aug 16, 2007 12:59am Aug 16, 2007 12:59am
Quoting bill77
Corection aus, your fx email does not work. so i will reply to your email, and send it to your thread pm. by for now.
I got your email. All done
  • #8,913
  • Aug 16, 2007 12:59am Aug 16, 2007 12:59am
Quoting jarroo
Thanks for the chart. Your MACD is showing divergence as well. Just be careful on the lower time frames with divergence. They can be very lagging and misleading. Check out your monthly chart for the current negative divergence we are in now.

Jim
Hi Jim,

I notice Slow Stoch divergence is more accurate than MACD. Plus too high time frames (i.e: weekly, monthly) are less to prove it in action 'coz too long the time frame as I trade mostly daily (Day Trade). Hourly divergence is the best by far in term of accuracy.
Agree? http://www.forexfactory.com/images/icons/icon7.gif
  • #8,914
  • Aug 16, 2007 1:03am Aug 16, 2007 1:03am
Looks like 4hr,1hr,30min, slowly turning up.. is it a 300-500 pips short term trend reversal?? we shall wait and see.
Attached Image (click to enlarge)
Click to Enlarge Name: trend.jpg Size: 58 KB
  • #8,915
  • Aug 16, 2007 1:07am Aug 16, 2007 1:07am
Quoting auslanco
Looks like 4hr,1hr,30min, slowly turning up.. is it a 300-500 pips short term trend reversal?? we shall wait and see.

I would say no Aus. The down trend is still very strong plus no fundamentals news or rumors to support the reversal at the moment. At least until New York open Not London open http://www.forexfactory.com/images/icons/icon7.gif
  • #8,916
  • Aug 16, 2007 1:08am Aug 16, 2007 1:08am
Aus , but candles are still below TFT line but man you move the market the moment ur coments are posted g/j move up 50 pip
  • #8,917
  • Aug 16, 2007 1:10am Aug 16, 2007 1:10am
Quoting auslanco
Looks like 4hr,1hr,30min, slowly turning up.. is it a 300-500 pips short term trend reversal?? we shall wait and see.
dear
my SI indicator in 4H and 1H point the GJ will go up?????
  • #8,918
  • Aug 16, 2007 1:12am Aug 16, 2007 1:12am
Quoting mktjong
Hi Jim,

I notice Slow Stoch divergence is more accurate than MACD. Plus too high time frames (i.e: weekly, monthly) are less to prove it in action 'coz too long the time frame as I trade mostly daily (Day Trade). Hourly divergence is the best by far in term of accuracy.
Agree? http://www.forexfactory.com/images/icons/icon7.gif
Hey, if it works for you, Great. If you have a way of confirming divergence to
trade profitably "your the man". I found it only shows itself after the fact. Maybe I'm missing something.

I would still check higher time frames for divergence. For example, if the daily chart (or 4 hour) is showing negative divergance and a few hours later, the hourly chart starts shows negative divergence . . . then your in money.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #8,919
  • Aug 16, 2007 1:13am Aug 16, 2007 1:13am
Quoting auslanco
hey Blu, Just sent you a PM.
I just sent you a PM . Regards. BR
  • #8,920
  • Aug 16, 2007 1:14am Aug 16, 2007 1:14am
Good Morning friends,, just woke up now, I'm still short and need a coffee
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