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

  • #10,021
  • Aug 16, 2007 7:47pm Aug 16, 2007 7:47pm
Quoting markam
A complete second bar, not just the one under there now?
completed bar(confirmation bar).. but SI has not cross down yet
  • #10,022
  • Aug 16, 2007 7:48pm Aug 16, 2007 7:48pm
Quoting auslanco
completed bar(confirmation bar).. but SI has not cross down yet
Weird, mine flipped 10 minutes ago.
  • #10,023
  • Aug 16, 2007 7:49pm Aug 16, 2007 7:49pm
Quoting AlphaGA
Aus, could you tell us how to get those pink dotted support lines on the VT charts.

Thanks in advance.

~Gianie.
Level stop reverse system... The zipfile for VT is on the very first post
  • #10,024
  • Aug 16, 2007 7:49pm Aug 16, 2007 7:49pm
Quoting markam
Weird, mine flipped 10 minutes ago.
Never mind, you are talking about the QQE. Sorry
  • #10,025
  • Aug 16, 2007 7:51pm Aug 16, 2007 7:51pm
no cross yet
Attached Image
  • #10,026
  • Aug 16, 2007 7:56pm Aug 16, 2007 7:56pm
Quoting auslanco
completed bar(confirmation bar).. but SI has not cross down yet
My understanding so far regarding QQE is that if it crosses the signal line(dotted pink) it sets the trend bullish or bearish on that specific tf, and the signal to get in a trade is given by QQE crossing of the 50 line, but in our case 30 min is below 50 line, should we read QQE crosing down the pink line as a signal to enter a trade?
It is a fine balancing act that you are doing and I still fell that I missing some key points...

Edit: Funny just now I noticed my signature, and still here you see my posing questions
  • #10,027
  • Aug 16, 2007 7:58pm Aug 16, 2007 7:58pm
is The Carry Trade Over? Usd Trading: One Reason The Dollar Is Strengthening Is Because Of The End Of The Carry Trade - Meg Browne At Brown Brothers Harriman (ttn News)


FED'S POOLE, A VOTING MEMBER, SAYS THERE WILL BE NO RATE CUT BEFORE SEPT 18 MEETING: WSJ ARTICLE SUGGESTS THAT POOLE ISN'T ALWAYS THE BEST WEATHER VANE
  • #10,028
  • Aug 16, 2007 7:58pm Aug 16, 2007 7:58pm
looks like the asian markets are ignoring the insane recovery of the stock market today.

I figure about 50/50 we will get another circuit breaker day.

Aus, you will be happy to know that when the circuit breaker was in effect, the dow did not correlate nearly as well with GJ.
  • #10,029
  • Aug 16, 2007 7:59pm Aug 16, 2007 7:59pm
I am off to bed to sleep a couple of hours, see you all later. good luck with your trades.
  • #10,030
  • Aug 16, 2007 8:01pm Aug 16, 2007 8:01pm
Quoting markam
looks like the asian markets are ignoring the insane recovery of the stock market today.

I figure about 50/50 we will get another circuit breaker day.

Aus, you will be happy to know that when the circuit breaker was in effect, the dow did not correlate nearly as well with GJ.
Asian Stock market is all in red now. may rebound later.
  • #10,031
  • Aug 16, 2007 8:01pm Aug 16, 2007 8:01pm
Quoting auslanco
is The Carry Trade Over? Usd Trading: One Reason The Dollar Is Strengthening Is Because Of The End Of The Carry Trade - Meg Browne At Brown Brothers Harriman (ttn News)


FED'S POOLE, A VOTING MEMBER, SAYS THERE WILL BE NO RATE CUT BEFORE SEPT 18 MEETING: WSJ ARTICLE SUGGESTS THAT POOLE ISN'T ALWAYS THE BEST WEATHER VANE
A rate cut announcement tomorrow would definitely make things interesting. I placed small dollar negative orders on the euro and chf, just in case they really do a surprise rate cut.
  • #10,032
  • Aug 16, 2007 8:02pm Aug 16, 2007 8:02pm
Quoting ovidiu
My understanding so far regarding QQE is that if it crosses the signal line(dotted pink) it sets the trend bullish or bearish on that specific tf, and the signal to get in a trade is given by QQE crossing of the 50 line, but in our case 30 min is below 50 line, should we read QQE crosing down the pink line as a signal to enter a trade?
It is a fine balancing act that you are doing and I still fell that I missing some key points...

30min is not actual part of the strtegy... we are looking for a safer entry point to go short.. since there is a huge bearish trend. Ideal way to enter the short is 1hr QQE has to touch 50 line and cross down to go short..
  • #10,033
  • Aug 16, 2007 8:04pm Aug 16, 2007 8:04pm
Anyone know of a charting platform that allows you to see the interest rates of the various currencies?
  • #10,034
  • Aug 16, 2007 8:08pm Aug 16, 2007 8:08pm
I might be wrong but I see a fib support at 224.50. Could someone correct me if I am mistaken.

Thank you.

~G.
  • #10,035
  • Aug 16, 2007 8:09pm Aug 16, 2007 8:09pm
I just had a sell order activate, but I had a completely empty order board

I guess I am going short.
  • #10,036
  • Aug 16, 2007 8:10pm Aug 16, 2007 8:10pm
Hello all- I'm new to forex and came across this thread this morning, when I was basking in the glory of my first (and probably only) 1000+ pip trade!!! Just wanted to say hi to all and thanks for a cool thread. I look forward to spending much time here. Now I'll go take a nap, to be fresh for the london opening!
  • #10,037
  • Aug 16, 2007 8:10pm Aug 16, 2007 8:10pm
Quoting AlphaGA
I might be wrong but I see a fib support at 224.50. Could someone correct me if I am mistaken.

Thank you.

~G.
You are correct , it is the 23.6 fib from the last run down starting yesterday to todays low.
  • #10,038
  • Aug 16, 2007 8:11pm Aug 16, 2007 8:11pm
Quoting auslanco
30min is not actual part of the strtegy... we are looking for a safer entry point to go short.. since there is a huge bearish trend. Ideal way to enter the short is 1hr QQE has to touch 50 line and cross down to go short..
Yes I know your strat is clear and simple, but I see that depending on market conditions you scale it down to shorter tf and it works, only to confirm that fact that you have a very good feel of this pair.
Let me put the question this way, if it were exactly the same market conditions that we have right now and all tf were exactly the same as they are now, and QQE on 30min would be under the pink dotted line but above the 50 line, would you have gone short when QQE crossed the 50 line like you wait now for it to cross pink line.

P.S I hope it was clear, it is hard for me to put the question right, but there is a pattern in your actions that I am trying to figure out, so I can think for myself from there on...
  • #10,039
  • Aug 16, 2007 8:12pm Aug 16, 2007 8:12pm
Quoting Sizzzlar
Anyone know of a charting platform that allows you to see the interest rates of the various currencies?
I use FxUniversal which is really FXSol's GTS platform. It has a cost of carry chart that will tell you the percentage you will be paid or pay on each pair for each level of leverage.
  • #10,040
  • Aug 16, 2007 8:12pm Aug 16, 2007 8:12pm
Quoting auslanco
30min is not actual part of the strtegy... we are looking for a safer entry point to go short.. since there is a huge bearish trend. Ideal way to enter the short is 1hr QQE has to touch 50 line and cross down to go short..
I am not able to close my computer and go to sleep do you think support for GU is still at 1.9803?
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