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

  • #11,161
  • Aug 19, 2007 8:32am Aug 19, 2007 8:32am
Quoting auslanco
Momentum:
I use the momentum indicator to catch the retracements after a big sudden price fall or rise. This indicator is accurate only on trending markets with high volumes. this is a very tricky indicator. I started using this indicator after studying it for almost 1 year on my demo account. Therefor it's not recommended for newbies to catch the retracement using this indicator as this could kill your account since you are going against the trend. You can Find more info on how to use the momentum indicator on the other GBP/JPY analysis thread. Once you learn & confident on this this indicator, It can be very useful to maximize your profits. For the last week 40% (over 1000 pips) of my profits came from this indicator.

ADX: This is a additional indicator I use to confirm the trend .
So does it mean you are going to use MT4 as your refference to enter the market this week onwards. How about VT ? Is it stil valid or not. Thanks in advance
  • #11,162
  • Aug 19, 2007 8:36am Aug 19, 2007 8:36am
Quoting bill77
WOW, i am blown away by your kind thoughts ash, ovidiu, fxnewb. my intension was not to try and get sympathy, but show that people like aus and your caring selves, can do for others such as give hope, that life can improve and will. thanks again forever greatful

Just one more thing before i go, something came to my mind yesterday.

i will not mention there names, (because aparently it upsets then). But i am starting to believe they are employees of broker companies, and are bent over hard by all of our trades which is thanks to aus's technic. They are probably desperate to stop this thread by throwing mud on auslancos name. i say keep on screwing them aus, karmo, markam i know we are sore from them giving it to us recently such as bigger spreads and requotes and freez's.LOL

But in all seriousness, i encourage all to chill out and not reply to the negative few. there is nothng worse in human society than being ignored. they will eventualy implode after the silent treatment and disapear. Keep it positive and lets work together..........Bill77
Bill, it is all about compassion for our fellow man. Only those who have been there (no light at the end of the tunnel will know) know how it feels. hang in there, Never Give In and always remain hopeful.

Take care!
Humble Lifetime Member
  • #11,163
  • Aug 19, 2007 8:38am Aug 19, 2007 8:38am
Quoting spatula
So does it mean you are going to use MT4 as your refference to enter the market this week onwards. How about VT ? Is it stil valid or not. Thanks in advance
I will be using VT as my main charting application for a while. In the mean time I will be studying the MT4 charts as well. However I will be running both the charts side by side from monday.
  • #11,164
  • Aug 19, 2007 8:41am Aug 19, 2007 8:41am
Quoting VishalJ
Am I the only one here who thinks that GJ will still go down? (after a temporary upswing) I don't think the basic subprime issue has been solved by a cut in the discount rates - this just soothes the pain a bit, but the underlying pathology remains.

Yeah, I feel the same. Even if we still see an upward movement, I will be scouring the markets for any indications. What the Fed has done is to pacify the markets.
Humble Lifetime Member
  • #11,165
  • Aug 19, 2007 8:42am Aug 19, 2007 8:42am
from ttn:

LONDON TIMES ARTICLE SPECULATES CENTRAL BANKS WILL HAVE TO CUT RATES AGGRESSIVELY
-Article recaps several analysts at large banks that think now that almost two rate cuts are factored in to the U.S. Fed, the BOE and ECB will be forced to follow suit.<EUR/USD TLT SPY>

chk this too:

http://business.timesonline.co.uk/to...cle2283020.ece


verl likely another very volatile week-- watch for any surprise announcements-- keep your news feed alert !!




  • #11,166
  • Aug 19, 2007 8:43am Aug 19, 2007 8:43am
Quoting markam
It will. Try to find one piece of good economic news right now.

The current financial crisis isn't even my big concern. My biggest concern right now is Hurricane Dean. The world is currently using about 2 million barrels/day more oil than it is producing. We are much worse shape for a major hit in the gulf than we were 2 years ago. If a significant portion of american and/or mexican oil production capability is damaged, or worse still, we get a direct hit on Houston, $100/barrel will be the minimum price that oil goes to. The US economy (and stock market) will just shrivel up and die.
Haven't used mass transporation in years in New York City. I think that I'll start preparing...
Humble Lifetime Member
  • #11,167
  • Aug 19, 2007 8:46am Aug 19, 2007 8:46am
Quoting Ash



Yeah, I feel the same. Even if we still see an upward movement, I will be scouring the markets for any indications. What the Fed has done is to pacify the markets.
Market is still very much to the down side... Daily 5 SMA retracement is due. Price may test the daily 5 SMA and start shooting down again.
  • #11,168
  • Aug 19, 2007 8:47am Aug 19, 2007 8:47am
Quoting Hakuna Matata
these are the 2 sites im always chkin on crude oil prices

http://321energy.com/

and

http://www.igindex.co.uk/

for live prices

If you are using the MetaTrader plaform from Windsor Direct, they give live prices / charts for the Dow, Gold, Silver, Oil, Coffee (I have to have my 8 cups a day)
Humble Lifetime Member
  • #11,169
  • Aug 19, 2007 10:39am Aug 19, 2007 10:39am
Quoting auslanco
Market is still very much to the down side... Daily 5 SMA retracement is due. Price may test the daily 5 SMA and start shooting down again.
So, ~231.40 is approximate for the 5SMA on the VT chart to give a
possible target on the retracement.

To support that.... Friday's candlestick formation:

The daily candle ended similar to a long legged doji which is medium
reliability for a reversal. Still, doji's also are signs of indecision.

While looking at all the comparables in candlestick formations there
are some slight difference in Friday's daily candle to the typical long
legged doji.

The longer lower shadow / wick of the candle (compared to the upper
shadow) indicated that selling dominated the session but couldn't be sustained.

And since the candle body (closing [C] above the open [O]) and its
location on the trading range (situated higher on the candlestick)
supports the notion of a slight bullish bias.

studying candlesticks kills the monotony while.....

sleepinginadumpster
  • #11,170
  • Aug 19, 2007 10:58am Aug 19, 2007 10:58am
Momentum Indicator:
This is not a must have indicator for this strategy. However, If you wish to find out more details on the momentum indicator please refer to the post # 9030 onwards on GBP/JPY analysis thread for a description on retracements and how to use the momentum indicator.
http://www.forexfactory.com/images/misc/progress.gif
  • #11,171
  • Aug 19, 2007 11:13am Aug 19, 2007 11:13am
MT4 Users:
Can anyone please tell me what time, the new daily bar & weekly bar will be updated on the MT4 charts ?
  • #11,172
  • Aug 19, 2007 11:37am Aug 19, 2007 11:37am
Quoting auslanco
MT4 Users:
Can anyone please tell me what time, the new daily bar & weekly bar will be updated on the MT4 charts ?
It depends on your broker
Trade what you see, not what you think.
  • #11,173
  • Aug 19, 2007 11:47am Aug 19, 2007 11:47am
Quoting karmostaji
It depends on your broker
Karm,

Friend and mentor, I left a post in your thread for a grade by you..lol

(be kind?)
  • #11,174
  • Aug 19, 2007 12:06pm Aug 19, 2007 12:06pm
Hi everybody!I hope everyone had a great weekend!So Aus,u think that the MT4 is much reliable than VT?I've never use the MT4 before!
  • #11,175
  • Aug 19, 2007 12:21pm Aug 19, 2007 12:21pm
Quoting auslanco
MT4 Users:
Can anyone please tell me what time, the new daily bar & weekly bar will be updated on the MT4 charts ?
Auslanco, daily candle closes and opens at 22:00 GMT (17:00 EDT) on fxdd Cheers. BR
  • #11,176
  • Aug 19, 2007 1:05pm Aug 19, 2007 1:05pm
Quoting auslanco
Market is still very much to the down side... Daily 5 SMA retracement is due. Price may test the daily 5 SMA and start shooting down again.

AUS, based on ur ex[erience, which do u think is better, using SMA or EMA and which time frame works best with either, thanks
THE TREND IS UR FRIEND
  • #11,177
  • Aug 19, 2007 1:18pm Aug 19, 2007 1:18pm
Quoting I.Y.I
Hi everybody!I hope everyone had a great weekend!So Aus,u think that the MT4 is much reliable than VT?I've never use the MT4 before!
For me MT4 works much better. it is much faster scrolling the charts... and painting them... but it consumes too much memory.. it requieres a good computer. But I think is a very good software. There are a lot of hidden tips in the help file to use it better.
  • #11,178
  • Aug 19, 2007 1:32pm Aug 19, 2007 1:32pm
Quoting emda
For me MT4 works much better. it is much faster scrolling the charts... and painting them... but it consumes too much memory.. it requieres a good computer. But I think is a very good software. There are a lot of hidden tips in the help file to use it better.

Thanks emda!And the other think i want to asko u is:are there all the charts from VT in MT4 (QQE,GANNHILO...)
  • #11,179
  • Aug 19, 2007 1:33pm Aug 19, 2007 1:33pm
I hope everyone is ready for another wild week with lots and lots of green pips to be made

I've been studying my charts more than the finals I have coming up this week lol
Trade what you see, not what you think.
  • #11,180
  • Aug 19, 2007 1:36pm Aug 19, 2007 1:36pm
Quoting auslanco
MT4 Users:
Can anyone please tell me what time, the new daily bar & weekly bar will be updated on the MT4 charts ?
Aus, attached is a Bar Clock indicator that I modified somewhat. It will show you the server time and the time the current bar has been active. If your broker is not active yet, it will just show what time they closed until it becomes active.
Attached File(s)
File Type: mq4 BarClock.mq4   3 KB | 486 downloads
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