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

  • #22,021
  • Sep 5, 2007 6:04pm Sep 5, 2007 6:04pm
Quoting Lincoln_10
hmmm

30 min did not cross.
It will cross when the the price is about to dip still on a ranging zone
  • #22,022
  • Sep 5, 2007 6:06pm Sep 5, 2007 6:06pm
Quoting Lincoln_10
hmmm

30 min did not cross.

Ranging Zone
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  • #22,023
  • Sep 5, 2007 6:07pm Sep 5, 2007 6:07pm
Quoting auslanco
LOL.. I rather get help from my grandma..
I know, but I just don't want to turn this forum into a computer tech room. I feel bad for Matt if he is depending on VT but he needs to contact them to get it fixed.

M2B
  • #22,024
  • Sep 5, 2007 6:08pm Sep 5, 2007 6:08pm
yeah it is definitely getting ready to fall down further...

by the way the ranging zones are good... i have my SL around the upper level.

also aus your H4 momentum is not showing downwards too right?

hope it points south too :=)
i am confident though.
give me my pips back...
  • #22,025
  • Sep 5, 2007 6:09pm Sep 5, 2007 6:09pm
Quoting my2buoys
I know,=
M2B
  • #22,026
  • Sep 5, 2007 6:15pm Sep 5, 2007 6:15pm
Quoting Lincoln_10
yeah it is definitely getting ready to fall down further...

by the way the ranging zones are good... i have my SL around the upper level.

also aus your H4 momentum is not showing downwards too right?

hope it points south too :=)
i am confident though.


I saw this big fuzz about the momentum indicator:

- Dont use it as a primary indicator for your trades.
-It only gives accurate readings on high volatile (fast moving) times
- I only use it to catch retracemnets after a sudden move.
-If you rely on Mom indicator too much , it will burn your account as it could give false signals 90% of the time.
-Use only the main strategy indicators (QQE & Gann) as entry and exit .
  • #22,027
  • Sep 5, 2007 6:20pm Sep 5, 2007 6:20pm
Quoting markam
He better not say we have hit bottom, because we have barely stepped off the edge of the cliff.

Did anybody else read the beige book report? My reading of it convinced me even more that there will be no fed rate cut for September. At best you might get some language hinting at a cut next meeting.
I told Hakuna this morning.. that his TP will be achieved when the Feds don't cut the rates on Sep 18

Even if they do, it's already priced in.. but I'm hoping that they don't touch them.. and all the comments made nowadays seems to suggest that as well.
  • #22,028
  • Sep 5, 2007 6:23pm Sep 5, 2007 6:23pm
Larger Time frames>>>
These are the main points you have to look at when you use the Momentum indicator on normal market conditions.
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  • #22,029
  • Sep 5, 2007 6:23pm Sep 5, 2007 6:23pm
Quoting Zoran
How low do you think the DOW is going? Getting below 11000 is going to be very difficult from what I can see. Anything below 9000 and the word depression springs to mind.
It was below 8000 in 2002 without a depression, so I see no problem going lower than that. I personally think 2000 ultimately.
  • #22,030
  • Sep 5, 2007 6:24pm Sep 5, 2007 6:24pm
I've posted this fella at the window to pick off any raging bulls that get out of line.
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  • #22,031
  • Sep 5, 2007 6:26pm Sep 5, 2007 6:26pm
Quoting my2buoys
I've posted this fella at the window to pick off any raging bulls that get out of line.

and its bullseye
  • #22,032
  • Sep 5, 2007 6:26pm Sep 5, 2007 6:26pm
Quoting auslanco
I saw this big fuzz about the momentum indicator:

- Dont use it as a primary indicator for your trades.
-It only gives accurate readings on high volatile (fast moving) times
- I only use it to catch retracemnets after a sudden move.
-If you rely on Mom indicator too much , it will burn your account as it could give false signals 90% of the time.
-Use only the main strategy indicators (QQE & Gann) as entry and exit .
Yes, it's funny. As powerful as the momentum indicator is in some situations, it really is one of the simplest indicators there is. It's just a comparison of two closing prices, the current closing price and the on x periods ago (in our case 10).

The formula is just (close)/(close - 10).
  • #22,033
  • Sep 5, 2007 6:27pm Sep 5, 2007 6:27pm
MT4 30 mn cross . . . this puppy has looked "sick" for some time today

Confirmation just up ahead! 1mn
  • #22,034
  • Sep 5, 2007 6:29pm Sep 5, 2007 6:29pm
Any predictions on how far this thing will move after the interest rate decision? I don't want this train to leave without me this time.
"Only when the tide goes out will we know who is swimming naked."
  • #22,035
  • Sep 5, 2007 6:30pm Sep 5, 2007 6:30pm
Quoting brucehvn
Yes, it's funny. As powerful as the momentum indicator is in some situations, it really is one of the simplest indicators there is. It's just a comparison of two closing prices, the current closing price and the on x periods ago (in our case 10).

The formula is just (close)/(close - 10).

Thats correct Bruce.. When I started using it I went through every forum on the net looking for others who uses it. Couldn't find a single trader. This is the most under valued indicator in forex. At least now people are realizing the value of it.
  • #22,036
  • Sep 5, 2007 6:31pm Sep 5, 2007 6:31pm
There is a short trade on 15min stratagy.
  • #22,037
  • Sep 5, 2007 6:33pm Sep 5, 2007 6:33pm
I hate that 232.00 barrier
  • #22,038
  • Sep 5, 2007 6:34pm Sep 5, 2007 6:34pm
Quoting auslanco
Larger Time frames>>>
These are the main points you have to look at when you use the Momentum indicator on normal market conditions.

Cool .. thanks Aus. Good lesson.

Question: If ADX is not above 20, do you consider a rally still in progress? And what the ADX minimum value for a confirmed rally?
Thank you.
  • #22,039
  • Sep 5, 2007 6:34pm Sep 5, 2007 6:34pm
Hope every one got in on 30 min QQE cross down or 15 min staretgy
  • #22,040
  • Sep 5, 2007 6:36pm Sep 5, 2007 6:36pm
Quoting auslanco
Hope every one got in on 30 min QQE cross down or 15 min staretgy
Aus whats your take buddy, do you think it will break the 232 barrier ? so far it has failed quiet a few times today..
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