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Supernova GBP/JPY Mini Trend Catcher

  • #641
  • Edited 5:46pm Sep 2, 2007 5:45pm | Edited 5:46pm
Picture
  • #642
  • Sep 2, 2007 6:02pm Sep 2, 2007 6:02pm
Quoting Qpip
Hehehe tomorrow? I just placed a trade !!
I take everything I can!!! (yes I know, it's Sunday evening)

And BTW tomorrow is a holiday in US and Canada, so might be slow.

See journal:http://www.forexfactory.com/showthre...=1#post1572217
Cool I'm glad you got your journal up
I especially look forward to the trades like tonight I wouldn't touch with a tazer. hehe Thats what demo is for though
  • #643
  • Sep 2, 2007 6:03pm Sep 2, 2007 6:03pm
Quoting marc
Cryten,

Thank you for your system. It is one of the best TF5 systems I've seen so far.

Nevertheless, my experience tells me that we should focus more in losing trades than in winning ones.

GBPJPY is a wild, wild beast and can erase in seconds what you've made in days.

I attach a chart to show what I'm saying.

THX.

Marc

Marc, which number is the post that has the indicator that you have at the bottom of your chart? The one with blue for long, red for short and yellow for do nothing. I know it is in this thread...but have not been able to find it!!!!
  • #644
  • Sep 2, 2007 6:04pm Sep 2, 2007 6:04pm
QPips,

did you gather your first pips of september? The long move has just closed with some nice pips...to start this month.

By the way i am also in canada, Ontario
  • #645
  • Sep 2, 2007 6:21pm Sep 2, 2007 6:21pm
Quoting alcastro
QPips,

did you gather your first pips of september? The long move has just closed with some nice pips...to start this month.

By the way i am also in canada, Ontario
hi Alcastro

yup made a big 5 pips LOL

It's a start and it's POSITIVE (the way I see it, it's 43 bucks in less than an hour, nice salary base)
  • #646
  • Sep 2, 2007 6:41pm Sep 2, 2007 6:41pm
Quoting cryten
Cool I'm glad you got your journal up
I especially look forward to the trades like tonight I wouldn't touch with a tazer. hehe Thats what demo is for though
I decided I was going to take the trades when all indicators line up, simple enough -> no thinking/analysing/reflecting upon the potentialities etc.

I'm willing to take some bad trades but with the limited stop losses I know I can't crash my account (well I can, but it'll take some time ). I'm already +700$ so I can take a few bad ones before I'm back to square one (which I don't intend to get back to!)

I'm demoing this for another week, see how work/play/trades line up, that's my biggest OBSTACLE (work). Can someone fire me please? Jk
  • #647
  • Sep 2, 2007 6:49pm Sep 2, 2007 6:49pm
Quoting Qpip
I decided I was going to take the trades when all indicators line up, simple enough -> no thinking/analysing/reflecting upon the potentialities etc.

I'm willing to take some bad trades but with the limited stop losses I know I can't crash my account (well I can, but it'll take some time ). I'm already +700$ so I can take a few bad ones before I'm back to square one (which I don't intend to get back to!)

I'm demoing this for another week, see how work/play/trades line up, that's my biggest OBSTACLE (work). Can someone fire me please? Jk
mine too, I might break my leg, thats 6 weeks off right hehe?
No it's cool you taking all the trades that meet the conditions, I'm trading live so less adventerous but it's deffo interesting to read
  • #648
  • Sep 2, 2007 6:58pm Sep 2, 2007 6:58pm
Quoting cryten
mine too, I might break my leg, thats 6 weeks off right hehe?
No it's cool you taking all the trades that meet the conditions, I'm trading live so less adventerous but it's deffo interesting to read
There's an idea. 6 weeks eh? Hmmmmmm.... might trip over some wires or something come Tuesday or fall down some stairs, that's better. Lemme think about that some more
  • #649
  • Sep 2, 2007 7:01pm Sep 2, 2007 7:01pm
OK we need an alert now, I'm falling asleep.

Stop going down and GO UP! (unless some of you are short, of course, then LET HER RIDE!)
  • #650
  • Sep 2, 2007 7:20pm Sep 2, 2007 7:20pm




http://www.forex-tsd.com/customavatars/avatar3448_1.gif goldenequity

To those of you who trade the GBP/JPY.....
How many of you did well at the beginning of the week (especially Wednesday)?

If you review your charts, you will find that when the GBP/USD and the USD/JPY are in "sync" it becomes "easy(er)" to trade the GBP/JPY.
When they are arguing with each other and moving opposite each other it becomes difficult.

From a fundamental analysis, look at it this way:

If the "market makers" (i.e."them"/"they") are selling the GBP and buying the USD (only), then the USD/JPY will be moving opposite of the GBP/USD. It makes trading the GBP/JPY very difficult, for obvious reasons.

If they are selling the GBP and buying the JPY, you will see ALL 3 Charts (GBP/USD, USD/JPY and GBP/JPY also EUR/JPY) move together in the SAME direction.

The charts I posted, (within reason) began to synchronize and move the same direction at the same time in the beginning of the week (selling GBP/buying JPY), and strongly reversed on Wednesday(buying GBP/selling JPY), and they became disconnected on Thursday/Friday as the markets focused more on the USD.

They (market makers) were (simultaneously) STRENGTHENING (then weakening on Wednesday) the DOLLAR and the YEN at the expense of the GBP.

When they are strengthening the DOLLAR ONLY, it will be at the expense of the YEN (typically) and the charts move opposite.

To put it simply from the technical analysis side, the best time to trade the GBP/JPY is when the GBP/USD and USD/JPY move in
the same direction.http://www.forex-tsd.com/images/smilies/smile.gif

This is why it is crucial to be able to simultaneously moniter the USD, even if you are trading the GBP/JPY.

__________________
Vote Ron Paul 2008 ".....it's later than you think."
www.ronpaulaudio.com
www.ronpaulforums.com
  • #651
  • Edited 8:57pm Sep 2, 2007 7:48pm | Edited 8:57pm
cryten, I have noticed the coorelation between the different pairs. I'm demo trading a system loosely based on your system. I've had to interpolate your indicators and put them together in a system I can get to work with Metatrader. I would like to get the QQE to work but so far haven't been able. I started a demo to test this method on the 18th and so far it is working well. Bob
Hej.
  • #652
  • Sep 2, 2007 8:29pm Sep 2, 2007 8:29pm
Quoting cryten



http://www.forex-tsd.com/customavatars/avatar3448_1.gif goldenequity

To those of you who trade the GBP/JPY.....
How many of you did well at the beginning of the week (especially Wednesday)?

If you review your charts, you will find that when the GBP/USD and the USD/JPY are in "sync" it becomes "easy(er)" to trade the GBP/JPY.
When they are arguing with each other and moving opposite each other it becomes difficult.

From a fundamental analysis, look at it this way:

If the "market makers" (i.e."them"/"they") are selling the GBP and buying the USD (only), then the USD/JPY will be moving opposite of the GBP/USD. It makes trading the GBP/JPY very difficult, for obvious reasons.

If they are selling the GBP and buying the JPY, you will see ALL 3 Charts (GBP/USD, USD/JPY and GBP/JPY also EUR/JPY) move together in the SAME direction.

The charts I posted, (within reason) began to synchronize and move the same direction at the same time in the beginning of the week (selling GBP/buying JPY), and strongly reversed on Wednesday(buying GBP/selling JPY), and they became disconnected on Thursday/Friday as the markets focused more on the USD.

They (market makers) were (simultaneously) STRENGTHENING (then weakening on Wednesday) the DOLLAR and the YEN at the expense of the GBP.

When they are strengthening the DOLLAR ONLY, it will be at the expense of the YEN (typically) and the charts move opposite.

To put it simply from the technical analysis side, the best time to trade the GBP/JPY is when the GBP/USD and USD/JPY move in
the same direction.http://www.forex-tsd.com/images/smilies/smile.gif

This is why it is crucial to be able to simultaneously moniter the USD, even if you are trading the GBP/JPY.

__________________
Vote Ron Paul 2008 ".....it's later than you think."
www.ronpaulaudio.com
www.ronpaulforums.com
Very interesting analysis. When my brain gets back to normal function sometime tomorrow, I'll give this another read. Might want to have the 3 charts up on the same screen for synchronization purposes. Thanks for sharing Goldenequity.
  • #653
  • Sep 2, 2007 9:05pm Sep 2, 2007 9:05pm
  •  Drphu
  • | Joined Feb 2007 | Status: Take2Trades and call me in Morning! | 31 Posts
You crack me up, how old are you, if u don't mind.....
"Make Life's Reality a Dream Come True!" DrPhu
  • #654
  • Sep 2, 2007 9:39pm Sep 2, 2007 9:39pm
Quoting Drphu
You crack me up, how old are you, if u don't mind.....
I'm 14 (or is that the other way around?). Can't remember, see my last post in the journal I can't even do 2+2=4 (will practice during the week).

So yeah, somewhere in between, maybe? Or at breakeven, that would be 27 or maybe at TP which would add up to 71 years old OMG (and WHY NOT?). Or at SL, I'd be 8 years old hehe.

Who cares (not me anyway). And -- may I cite you as per your PMs (hehehhe mouhahahah) this has notin ta do with this thread! LOL

Geeze, I'm hearing another ALERT ......... bye for now ---> swooshing over to the chart
  • #655
  • Sep 2, 2007 9:40pm Sep 2, 2007 9:40pm
For those that don't know the simple formula---usdjpy x gbpusd = gbpjpy

so it only makes sense to monitor 3 charts....


Quoting Stitch961
cryten, I have noticed the coorelation between the different pairs. I'm demo trading a system loosely based on your system. I've had to interpolate your indicators and put them together in a system I can get to work with Metatrader. I would like to get the QQE to work but so far haven't been able. I started a demo to test this method on the 18th and so far it is working well. Bob
  • #656
  • Sep 2, 2007 9:47pm Sep 2, 2007 9:47pm
Quoting acapulco
For those that don't know the simple formula---usdjpy x gbpusd = gbpjpy

so it only makes sense to monitor 3 charts....
yabbut,

how'd you get that equation into Excel? (usdjpy x gbpusd) or even into your brain for that matter??
  • #657
  • Sep 2, 2007 10:03pm Sep 2, 2007 10:03pm
Here's something I tried to do a while back to understand those relationships . No flames please LOL just trying to undersand:

http://i12.tinypic.com/624pir9.jpg
  • #658
  • Sep 2, 2007 11:30pm Sep 2, 2007 11:30pm
Hi guys,
anyone help? Had a major crash a few hrs ago (just before I normally go to bed) but I thought I'd better try to sort things out. Last problem is Skylines Supernova MT zip file (post 179ish) ends up in Metaeditor nav. Can't remember how I did it last time. Should it be here? Appreciate any assistance
Dave
  • #659
  • Sep 2, 2007 11:37pm Sep 2, 2007 11:37pm
Quoting Acko
Hi guys,
anyone help? Had a major crash a few hrs ago (just before I normally go to bed) but I thought I'd better try to sort things out. Last problem is Skylines Supernova MT zip file (post 179ish) ends up in Metaeditor nav. Can't remember how I did it last time. Should it be here? Appreciate any assistance
Dave
On first post now

Alex
  • #660
  • Sep 3, 2007 12:39am Sep 3, 2007 12:39am
Thank you very much Alex, job done.
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