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Daily GBP/JPY analysis

  • #13,121
  • Aug 20, 2007 11:27am Aug 20, 2007 11:27am
Quoting Wolf.
Hi Kharvell,

Are you useing Oanda's Hieken ashi. Thought I would check out the hieken ashi bars again after seeing your post but they have disappeared from the Oanda indicator list. All sorts of little glitches like that since Oanda crashed last week.

Thingamajigger great name by the way.

Turning into a nice move now.
Actually, yes I am using Oanda. And I don't know about any crashes.... I've left mine up since last night though.. That would kind of ruin my "thingamajigger" if heiken ashi bars went missing.. I might include some more details later if it's good, but I'd hate to give everyone a bunk system until it is tested.

Also, I got stopped out for +70 pips on the last trade.
  • #13,122
  • Aug 20, 2007 11:34am Aug 20, 2007 11:34am
thats good. Im lookin to short scalp again, DJ is trippy, UJ kinda feels like wants to head below. will wait for a bit...i could be wrong! lol.
  • #13,123
  • Aug 20, 2007 11:34am Aug 20, 2007 11:34am
Quoting m00jiman
thats good. Im lookin to short scalp again, DJ is trippy, UJ kinda feels like wants to head below. will wait for a bit...i could be wrong! lol.
I may go long if I see a big enough push upwards.
  • #13,124
  • Aug 20, 2007 11:38am Aug 20, 2007 11:38am
I tried and liked using Heiken Ashi bars on my MT4 platform, but had a technical problem with them - lol, cant remember what - but liked them on the short TFs.

I exited after a graveyard doji on my 1 min and now see that once again the 8 min ema held most of that drop....I really must trust it more!
Trading Levels with WRBs
  • #13,125
  • Aug 20, 2007 11:42am Aug 20, 2007 11:42am
never used Ashi. how do you trade it? i don't feel like searching on google! so damn sleepy. i need some sleep! haha
  • #13,126
  • Aug 20, 2007 11:48am Aug 20, 2007 11:48am
Quoting kharvell
Actually, yes I am using Oanda. And I don't know about any crashes.... I've left mine up since last night though.. That would kind of ruin my "thingamajigger" if heiken ashi bars went missing.. I might include some more details later if it's good, but I'd hate to give everyone a bunk system until it is tested.

Also, I got stopped out for +70 pips on the last trade.
Last thursday Platform froze for quite a while, there is an ongoing thread on Oanda,s platform issue's forum if your interested.

When it came back online allthough the platform worked it was slow, lost all activity history on the chart and on the tab couldn't move tp and sl levels and some other stuff. Seems ok now though.

Took half profit at 226.58 still short the other half will let my mechanical system reverse my position at some point. Hopeing it keeps going lol.
  • #13,127
  • Aug 20, 2007 11:51am Aug 20, 2007 11:51am
by the way, djia refused to close below 13k again. if we go below 13k, we should see people pissing their pants again! well, hopefully.

its heading to 13k as i type this.
  • #13,128
  • Aug 20, 2007 11:52am Aug 20, 2007 11:52am
Quoting m00jiman
never used Ashi. how do you trade it? i don't feel like searching on google! so damn sleepy. i need some sleep! haha
Here's my 15-min chart.

On it I have Heiken Ashi bars, and 4 SMA's (8,12,24,72), also there are faint gray lines that are the High and low and white line that is the close price.

Anyway, I do a sudo form of candlestick analysis with looking at the SMA's and where the price is in relation to the candles, what the slopes of the SMA's are and what the Heiken ashi candles look like (doji's are bad).

When I see doji's, I wait for a breakout in a certain direction at the Heiken Ashi bars, I then observe the SMA's and what their slopes are. If the 2 green SMA's (8 and 12) are the same slope(+ or -) as the heiken ashi bar, then I will enter. Typically exit on a retrace back to the 8 or 12 SMA's.

On my two recent trades, the heiken ashi bars indicated short, the EMA's agreed, and I entered, always protecting my profits, I got stopped out on both. Right now, I'm seeing barely any upward movement, and the SMA's say short, so I probably won't enter long. We'll see if we get a downward movement for a short.
Attached Image
  • #13,129
  • Aug 20, 2007 11:57am Aug 20, 2007 11:57am
Quoting kharvell
Here's my 15-min chart.

On it I have Heiken Ashi bars, and 4 SMA's (8,12,24,72)...

On my two recent trades, the heiken ashi bars indicated short, the EMA's agreed...

So, according to this image you would trade on the third candle from left. and another one at 10.45am?
  • #13,130
  • Aug 20, 2007 11:58am Aug 20, 2007 11:58am
Quoting m00jiman
never used Ashi. how do you trade it? i don't feel like searching on google! so damn sleepy. i need some sleep! haha
There is a big thread on HA in the forums, should be easy to find......when you´re not so sleepy http://www.forexfactory.com/images/icons/icon7.gif
Trading Levels with WRBs
  • #13,131
  • Aug 20, 2007 11:59am Aug 20, 2007 11:59am
Quoting m00jiman
So, according to this image you would trade on the third candle from left. and another one at 10.45am?
Yeah, I'd probably still be in that trade, expecting it to go down. But it could always lose.... nothing is perfect.

EDIT: In fact, Short @ 226.64
  • #13,132
  • Aug 20, 2007 12:03pm Aug 20, 2007 12:03pm
goodluck with your trade brother. im gonna take a nap. I can't keep my eyes open!

its 1pm..thus..goodnight!
  • #13,133
  • Aug 20, 2007 12:04pm Aug 20, 2007 12:04pm
shorted now

tp 225.20
Trade what you see, not what you think.
  • #13,134
  • Aug 20, 2007 12:29pm Aug 20, 2007 12:29pm
Hello Guys,

ATTENTION TO LONG-TERM TRADERS THAT FOLLOW ME

LONG-TERM: I'll close all my positions in W1 chart since ~251 this week in suitable point(for close check h4 chart). I do not like for trade a while on GJ as long-term it's dengerous. NOTE: do not open buy postions, base trend is downward wait for g/j move up then open sell positions! i'll inform you again.

HIGH LONG-TERM: I have 3 MN chart positions since ~251 if you can keep up as yearly first target is ~160


Good luck.
With Regards, MKTrader Not Risk Not Gain!
  • #13,135
  • Aug 20, 2007 1:00pm Aug 20, 2007 1:00pm
Exited my short for -25; going to go enjoy lunch.
  • #13,136
  • Aug 20, 2007 1:12pm Aug 20, 2007 1:12pm
Quoting kharvell
Exited my short for -25; going to go enjoy lunch.
Ah well, the market giveth - hopefully loads, and the market taketh - hopefully a little...that´s what MM´s all about.

Bon Apetite.....I´ve just had supper and a couple of glasses of a good Rioja - no more trading today for me

http://www.forexfactory.com/images/icons/icon7.gif
Trading Levels with WRBs
  • #13,137
  • Aug 20, 2007 1:41pm Aug 20, 2007 1:41pm
Short 228.20 stop at 50
  • #13,138
  • Aug 20, 2007 1:43pm Aug 20, 2007 1:43pm
Stop moved to + 1
  • #13,139
  • Aug 20, 2007 1:56pm Aug 20, 2007 1:56pm
ok, 1 hr nap charged up a little.
everybody short? i hope someone got that 200+ run upwards earlier.
  • #13,140
  • Aug 20, 2007 1:57pm Aug 20, 2007 1:57pm
Took +20 my reason for taking the trade.... a rebound of the desending trendline...I had actually finished for the day heard my trend line alert sound.
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