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

  • #13,681
  • Aug 22, 2007 9:29pm Aug 22, 2007 9:29pm
Quoting brucehvn
Nope. Same with trendlines and such. You can see them on all the timeframes. Draw once and enjoy them on all

Wow .. I'm loving this MT4.. Too easy
  • #13,682
  • Aug 22, 2007 9:30pm Aug 22, 2007 9:30pm
Quoting auslanco
MY 1st ever Correct Fibs...Now lets make money$$$$ Karmo.
Ok, Aus. You draw all the bearish fibs and Karmo can draw all the bullish fibs
  • #13,683
  • Aug 22, 2007 9:31pm Aug 22, 2007 9:31pm
Quoting khmr
can you help me on this one too how do I get the price to show at each Fib level?
Now that is a question for karm...he is the educated one...lol
  • #13,684
  • Aug 22, 2007 9:32pm Aug 22, 2007 9:32pm
Quoting brucehvn
Ok, Aus. You draw all the bearish fibs and Karmo can draw all the bullish fibs
Wott??? I thought thats all you have to do Damn this is getting little harder for me now
  • #13,685
  • Aug 22, 2007 9:33pm Aug 22, 2007 9:33pm
HHmmmm very strong resistance @ Fibo 50.0% H4 chart...
New Forex Trader
  • #13,686
  • Aug 22, 2007 9:33pm Aug 22, 2007 9:33pm
Karmo,

Could you also teach us how to draw trend lines.... or atleast the way you do them..?

You could either do it here in this thread or put them up on your thread.

Thank you in advance.

~G.
  • #13,687
  • Aug 22, 2007 9:34pm Aug 22, 2007 9:34pm
02:16 AUD/JPY: Still Looking Very Bid After Big Bank Recommendation Tokyo, August 23. AUD/JPY may again have led other JPY crosses higher. Recommendations from a major money center bank to buy this cross on the possibility of a major move up saw AUD/JPY soar overnight. From a low of 90.83 or so in Asia yesterday, the cross traded up to as high as the 93.20 level in New York. Further gains were seen in Asia this morning with the cross up to as high as the 94.50 level. No doubt stability in global stock markets and dissipating of financial market turmoil played a hand in the AUD/JPY move up. JPY cross strength elsewhere probably helped short up confidence as well with ZAR reported to have been a major beneficiary of fresh moves on the part of some into carry trades again. At 94.30/40 currently, AUD/JPY looks to be poised to move higher. The levels to break on the topside are 96.85-90 and 97.23, 96.89 the Ichimoku kijun line and the 200-day moving average. 50% retracement of the move down from 107.80 or so to 85.95 comes in at 96.86 as well. Support below is eyed at 93.35, the Ichimoku tenkan line. [email protected]
  • #13,688
  • Aug 22, 2007 9:35pm Aug 22, 2007 9:35pm
Quoting auslanco
Karmo.. This may sound like a stupid question.. When you draw your fibs on 1hr .. Does it automatically applies to other timeframes on MT4???
Quoting auslanco
Thanks bro So you don't have to keep drawing them on all the time frames??
no question is a stupid question.

Drawing fibo's on 1 chart is not enough, I've tried it before. I draw a fib on every TF, from 1H all the way to weekly, so I have 4 different fibs (each one has it's own color), so you have drawn the 1H, now draw the other 3 fibs.. but don't get all confused coz you'll see many lines all over the place
Trade what you see, not what you think.
  • #13,689
  • Aug 22, 2007 9:36pm Aug 22, 2007 9:36pm
Quoting khmr
great one more tool I can finally understand how to do and read....Karm to draw the daily...should it be from low to high right now?
no, my daily fib is from 251.07 to 219.34
Trade what you see, not what you think.
  • #13,690
  • Aug 22, 2007 9:37pm Aug 22, 2007 9:37pm
Quoting NewstraderFX
Once we get thru the BoJ rate decision-you can hold G/J all the way thru the Friday morning Euro session, just before the U.S. housing numbers are released
all the way to where? up or down?
Trade what you see, not what you think.
  • #13,691
  • Aug 22, 2007 9:38pm Aug 22, 2007 9:38pm
well done Karmo on your trade calls! I realise I have a lot to learn regarding fibs Speaking of retracements, price has retraced 50% since falling from the August 9th to 17th.

Does this longer term retracement have any baring on your analysis?
  • #13,692
  • Aug 22, 2007 9:39pm Aug 22, 2007 9:39pm
you need to write this on your fibo object properties.

Quoting khmr
can you help me on this one too how do I get the price to show at each Fib level?
Attached Image
Nihil Sine Deo.
  • #13,693
  • Aug 22, 2007 9:39pm Aug 22, 2007 9:39pm
Quoting karmostaji
no question is a stupid question.

Drawing fibo's on 1 chart is not enough, I've tried it before. I draw a fib on every TF, from 1H all the way to weekly, so I have 4 different fibs (each one has it's own color), so you have drawn the 1H, now draw the other 3 fibs.. but don't get all confused coz you'll see many lines all over the place
Yes, to clarify, I meant that when you do draw one set of fibs, you will see them on all timeframes, but yes, you still need to draw the other hi/los on the various timeframes to find the fib confluence.
  • #13,694
  • Aug 22, 2007 9:40pm Aug 22, 2007 9:40pm
Quoting kevinsw
Hi greenfrog,

read the last few pages as there are many answers about fibs. I just got many answers except one.

How do you determine where to start in the larger time frames as in the date.
weekly is a tricky one at the moment

but any other TF, take the start of a trend.. if you still don't know, show me a chart
Trade what you see, not what you think.
  • #13,695
  • Aug 22, 2007 9:41pm Aug 22, 2007 9:41pm
Darn, This fib business.. It's not too easy after all
Attached Image
  • #13,696
  • Aug 22, 2007 9:42pm Aug 22, 2007 9:42pm
Just a quick tip, if you have trouble drawing fibo lines, you can often use non-lag zig zag and just trace over it with your fib tool, I'll post an example
Attached Image (click to enlarge)
Click to Enlarge Name: kkk.jpg Size: 68 KB
  • #13,697
  • Aug 22, 2007 9:43pm Aug 22, 2007 9:43pm
Quoting Scrat
you need to write this on your fibo object properties.
Thanks a lot Scrat..
New Forex Trader
  • #13,698
  • Aug 22, 2007 9:44pm Aug 22, 2007 9:44pm
Quoting auslanco
Darn, This fib business.. It's not too easy after all
New Forex Trader
  • #13,699
  • Aug 22, 2007 9:45pm Aug 22, 2007 9:45pm
Quoting karmostaji
no, my daily fib is from 251.07 to 219.34
So, Your Target 1st target 235.21 ?
  • #13,700
  • Aug 22, 2007 9:45pm Aug 22, 2007 9:45pm
Quoting auslanco
MY 1st ever Correct Fibs...Now lets make money$$$$ Karmo.
Yes, I am also getting the same in my chart.
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