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

  • #17,501
  • Aug 28, 2007 10:08pm Aug 28, 2007 10:08pm
Quoting mktjong
They are two different things.
- 50 is a confirmation of the trend.
- 30 and 70, or, 20 and 80 are level of oversold and overbought.

you can add these lines to the QQE indicator just like we did the 50
Trade what you see, not what you think.
  • #17,502
  • Aug 28, 2007 10:08pm Aug 28, 2007 10:08pm
Good morning Auslanco!

I'm just waiting for the next entry to go short. I hope this retraces pretty nicely so I can get in at a good price.



Frank
  • #17,503
  • Aug 28, 2007 10:08pm Aug 28, 2007 10:08pm
Quoting mktjong
They are two different things.
- 50 is a confirmation of the trend.
- 30 and 70, or, 20 and 80 are level of oversold and overbought.

Thanks mktjong.. I hope people who are following the system successfully can volunteer to answer all this basic newbie question. I'm too tired of repeating my self 10 times a day.
  • #17,504
  • Aug 28, 2007 10:09pm Aug 28, 2007 10:09pm
Quoting markam
The nikkei is down 422 points right now. The equity markets are going to limit any retrace.

I wouldn't be surprised if we are at the 219 lows when the US markets open tomorrow.
If the Nikkei is at oversold levels, could a retrace there help a retrace with GJ?

Personally, I'm going to stay out for a while and take the dog for a long walk.
  • #17,505
  • Aug 28, 2007 10:14pm Aug 28, 2007 10:14pm
Quoting AndyPass
If the Nikkei is at oversold levels, could a retrace there help a retrace with GJ?

Personally, I'm going to stay out for a while and take the dog for a long walk.
I doubt it will go up any.
  • #17,506
  • Aug 28, 2007 10:16pm Aug 28, 2007 10:16pm
Quoting F-100
I am looking 17 th aug new low of yen crosses, just careful. Subprime problem is huge!
No shit.. go find somewhere else to advertise your blog.
  • #17,507
  • Aug 28, 2007 10:17pm Aug 28, 2007 10:17pm
Quoting auslanco
Thanks mktjong.. I hope people who are following the system successfully can volunteer to answer all this basic newbie question. I'm too tired of repeating my self 10 times a day.
Yes sir, no problem.
Aus, sometimes it is too hard to be quite famous
  • #17,508
  • Aug 28, 2007 10:17pm Aug 28, 2007 10:17pm
Quoting markam
I doubt it will go up any.
Tend to agree . . . I see weakness today and tomorrow in the Asian and US STOCK markets. Everyday brings nee "news" about the mortgage/credit MESS here in the US . . . still to play out.

What effect on GBP/JPY . . . you guys know far more than I. Would like to know what you think.

I think that the Yen pairs will suffer to SHORT side.
  • #17,509
  • Aug 28, 2007 10:21pm Aug 28, 2007 10:21pm
so i see 15m, 30m have already crossed. 1 hr is about to do the same. is this what everyone else is getting. this is the QQE indicator i am talking about.
  • #17,510
  • Aug 28, 2007 10:23pm Aug 28, 2007 10:23pm
My NZD/JPY and GBP/JPY has just crossed up on the 30min charts.

Damn VT keeps bleeping me telling me to buy! http://www.forexfactory.com/images/icons/icon10.gif
  • #17,511
  • Aug 28, 2007 10:23pm Aug 28, 2007 10:23pm
IF a retracement now follows the SMA pattern of the 9th of this month - which LOOKS like a similar SMA situation - it could retrace to around 231.50 area.

Since I'm hopeless at retracements, I'm just mentioning this... no more than that.
  • #17,512
  • Aug 28, 2007 10:25pm Aug 28, 2007 10:25pm
In fact, please ignore the above posting... the more I look at that comparison, the more iffy it becomes. Probably wrong.
  • #17,513
  • Aug 28, 2007 10:26pm Aug 28, 2007 10:26pm
The indicators give me mixed signals "for the moment". M30 QQE is about to cross up but on the other hand momentum on the same frame could't cross the 50 lvl which means price won't make thru TFT....

Best for me I guess is to wait.... with patience
  • #17,514
  • Aug 28, 2007 10:27pm Aug 28, 2007 10:27pm
Quoting bmwboyee
so i see 15m, 30m have already crossed. 1 hr is about to do the same. is this what everyone else is getting. this is the QQE indicator i am talking about.
30mins hasnt crossed up yet.. it has crossed only the fast line, not the slow line. check your settings..
  • #17,515
  • Aug 28, 2007 10:29pm Aug 28, 2007 10:29pm
Quoting brok
The indicators give me mixed signals "for the moment". M30 QQE is about to cross up but on the other hand momentum on the same frame could't cross the 50 lvl which means price won't make thru TFT....

Best for me I guess is to wait.... with patience
on thin markets like this .. we have to be careful on 1hr and 30 min momentums..they usually gives wrong readings.
  • #17,516
  • Aug 28, 2007 10:29pm Aug 28, 2007 10:29pm
Quoting my2buoys
Aus,

This is what I was talking about as far as my Daily MT4 differing from yours. My Daily momentum has turned down.

M2B
M2B I have just checked on my MT4 system, looks like you are using open price instead of close price - I can get the same results as you if I use open price, but get correct results using close price
  • #17,517
  • Aug 28, 2007 10:32pm Aug 28, 2007 10:32pm
Hey Aus,

since the 1h opened above the TFT line, would you say its a good indication of a retraco ?
  • #17,518
  • Aug 28, 2007 10:32pm Aug 28, 2007 10:32pm
anyone using demo account right now???
  • #17,519
  • Aug 28, 2007 10:33pm Aug 28, 2007 10:33pm
Quoting AWG
Hey Aus,

since the 1h opened above the TFT line, would you say its a good indication of a retraco ?
current bar is way below the 1hr TFT line. It only opened above the 1hr 5 SMA
  • #17,520
  • Aug 28, 2007 10:34pm Aug 28, 2007 10:34pm
yes
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