Trade what you see, not what you think. 
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #17,462
- Aug 28, 2007 9:05pm Aug 28, 2007 9:05pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
On this thread, not only do you make money, you get a comedy show.
That's so true
I personally would like to thank Aus for making this thread happened. He is so unselfishly shares his trading skills along with all these indicators. I have studied and learned as much as I can. Since then, couple with my past trading experience, I have made a quite consistent profit. Hope it will last
Thank you Aus, without you, I probably would never have a more confidence in trading. Thus, I feel quite obligated as well to share what I know that may help everybody here.
Ok buddies, hope we all make a consistent profit thru trading this pair. .. Hooray ...
- #17,463
- Aug 28, 2007 9:07pm Aug 28, 2007 9:07pm
Which platform is this, on my VT momentum is almost flat and numerical value of -5, on MT it is flat and just over 100
But my vt and mt4 shows upwards just like aus's example.
- #17,464
- Aug 28, 2007 9:09pm Aug 28, 2007 9:09pm
- | Joined Dec 2006 | Status: Trader | 1,556 Posts
have you done a daily analysis yet bro?? If you have.. Can you please post a copy to the new thread as well.Thanks in advance
M2B
- #17,465
- Aug 28, 2007 9:10pm Aug 28, 2007 9:10pm
Hey, well I am not much of a fundamentalist, however being a intraday trader for income and position trading for retirement I have to admit that I have to look at them both. Remember toyotas can cost as much as BMW's if the DRAGON does not obey the rising sun! Look to short the Toyota company when the next earnings come out...
LOL
LOL
- #17,466
- Aug 28, 2007 9:10pm Aug 28, 2007 9:10pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #17,467
- Aug 28, 2007 9:11pm Aug 28, 2007 9:11pm
Dont know why a few of you's have diferent daily momentum
- #17,468
- Aug 28, 2007 9:12pm Aug 28, 2007 9:12pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
My Daily 5SMA didn't seem to line up with your charts before so I'm hesitant to comment on that. My Daily 5SMA on my MT4 is right around 231.50 right now. As you stated we would definitely need to see the 1H cross up to achieve that. I know everyone else is gung ho about more bearishness but I think we need more ammo from above before going down. 4H 5SMA is presently around 229.50. At least one of these levels has to be covered in my opinion. But I'm just a novice. What do I know?
M2B
agreed.
- #17,472
- Aug 28, 2007 9:15pm Aug 28, 2007 9:15pm
Daily 5 SMA reatracement is due. 1hr and 30 min QQE is on Oversold level.. we will see a price consolidation. However I dont rule out another 100 pip dip before a consolidation/retracement. I'm going to stay out of the market until 1hr QQE cross up ( come off from over sold ) and cross down again for another rally. Right now, I'll just wait and see
Daily 5sma = 231.69
When you mention 1HR QQE "crosses-up" . . . do you mean over the 50 line? . . . OR crosses over the 255,255,255 dotted indicator?
Sorry for the very basic question. NEWBIES!
Regards, K
Currently 1HR MT4 is showing a trend toward a cross of the "255" curve.
- #17,474
- Aug 28, 2007 9:18pm Aug 28, 2007 9:18pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
1hr , 30 min QQE in oversold level.. Both those indicators have to cross up (off the oversold level) and cross back down for a another big bearish move.
If the 1 hr cross upwards we will see the price retracement up to daily 5 SMA(231.40 area) to find more sellers before it's shooting down again.. If the 4hr QQE cross upwards during the retracemnt , then it's a short term trend change
If the 1 hr cross upwards we will see the price retracement up to daily 5 SMA(231.40 area) to find more sellers before it's shooting down again.. If the 4hr QQE cross upwards during the retracemnt , then it's a short term trend change
- #17,476
- Aug 28, 2007 9:20pm Aug 28, 2007 9:20pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #17,480
- Aug 28, 2007 9:31pm Aug 28, 2007 9:31pm
- | Commercial User | Joined Jun 2007 | 3,549 Posts
good avo to all
we have a bearish engulfing pattern on the daily--the ride down should carry but im expecting a retracement--hopefully to the 2hr 5sma region or at 50ema or 100sma on 15min chart--so can load up on shorts
nxt supoort is at 226.78-- 23.6% daily fib retracement
hope ya'all made some serious dough yesterday-- good to have everyones contribution....one day-- we all have a party in Las Vegas
we have a bearish engulfing pattern on the daily--the ride down should carry but im expecting a retracement--hopefully to the 2hr 5sma region or at 50ema or 100sma on 15min chart--so can load up on shorts
nxt supoort is at 226.78-- 23.6% daily fib retracement
hope ya'all made some serious dough yesterday-- good to have everyones contribution....one day-- we all have a party in Las Vegas