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

  • #34,321
  • Sep 28, 2007 10:52am Sep 28, 2007 10:52am
waiting for big FALL ...mate ??

  • #34,322
  • Sep 28, 2007 10:53am Sep 28, 2007 10:53am
Quoting PipChick
WB Aus

just had a quick peep..the market is going crazyy..
  • #34,323
  • Sep 28, 2007 10:54am Sep 28, 2007 10:54am
Quoting monarza
GJ is gonna continue the upward movement soon...
Without the u/j above 115, any upward thrust of g/j will be muted. I think any upward movement should be happening now or very soon but it seems the dow can't get in the green. We are most likely to see profit taking this afternoon and close the dow in the red and see g/j drop a bit.

This hourly candle will most likely be a doji, so I'd expect us to close lower today, but if there are fixes and such today this thing is going to jerk around, but when the dust settles I'll probably still be sitting on my short in green pips.
  • #34,324
  • Sep 28, 2007 11:04am Sep 28, 2007 11:04am
Allright, ya'll. I'm going to share an indicator with you that I have had on my charts for about 6 months. It was actually designed as an 'exit indicator' for the 1H chart exclusively. I have highlighted that so that people don't come back later and say, "It didn't line up on the 15M or 4H charts". Here is what I have recently discovered about it. It allows you to find the Daily Pivot at any particular moment you want to know what it is without having to figure out if it's still London time or if NY Daily pivot has now kicked in or whatever. It basically operates as a 280 pip channel. It's original intent is to show that when the 1H candle closes above the upper blue line it is due for a retracement or reversal (time to exit). The same goes for when the 1H closes beneath the lower red line (and it is still an effective indicator for that purpose). In that sense it is simlar to Bolinger Bands, except that these bands stay consistent, they don't squeeze like BB do. So, where does the Daily Pivot fit into all of this? Whatever candle you are presently on, move your cursor to the upper blue line and see what price is indicated on it. Then move it down, on the same candle, to the lower red line and see what that price is. Subtract the lower from the upper and you have the middle of the 'channel', which I have found to be almost dead on with the Daily Pivots people constantly quote on this thread. The channel is almost always 280 pips but I have seen it at 260 and even 300. So basically, you're adding or subtracting 140 pips, depending on which line you're doing your figuring from. Obviously, for the perfectionists, this will not line up 'to the pip' of your personal pivot calculations done on paper, but GBP/JPY must be allowed a 5 to 10 pip variance on almost all calculations of that nature anyway. What's the advantage to this indicator over the actual Pivot Calculator indicators? This indicator is placed on your chart one time and never has to be changed or updated for different sessions! It also moves (breathes) while the particular session you are in is going on. A 200 pip move during a particular session is going to affect the Daily Pivot. Why should you have to wait until that session is done to refigure what the Daily Pivot is? This indicator moves as price moves. This indicator does not help to calculate any other pivots (that I have discovered), only the Daily, which is the most important pivot on GBP/JPY, and you can only find it on the 1H chart. The lines will still show up on other TF's but those calculations will not give you the accurate Daily Pivot, only the 1H chart will do that. Here is a chart with the indicator and also the indicator itself. Put it on your chart and test it for a few days and see for yourself how well it lines up with the other Daily Pivot indicators. Hope this helps someone out there and makes your trading easier.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 1h.gif Size: 21 KB
Attached File(s)
File Type: ex4 Exit_-_1hour.ex4   2 KB | 588 downloads
  • #34,325
  • Sep 28, 2007 11:05am Sep 28, 2007 11:05am
Quoting Zoran
It's a bumpy road from 234.50 to 235.50.
That reminds me of a comment I made yesterday. A journey not suitable for the faint hearted
  • #34,326
  • Sep 28, 2007 11:05am Sep 28, 2007 11:05am
Quoting lepiricus
Without the u/j above 115, any upward thrust of g/j will be muted. I think any upward movement should be happening now or very soon but it seems the dow can't get in the green. We are most likely to see profit taking this afternoon and close the dow in the red and see g/j drop a bit.

This hourly candle will most likely be a doji, so I'd expect us to close lower today, but if there are fixes and such today this thing is going to jerk around, but when the dust settles I'll probably still be sitting on my short in green pips.
By referencing to US treasuries data. This pair should not go higher. Last nite Japanese treasuries was very weak that's why this pair did a roundtrip. I was hesitant to short last nite before bed around 2 am EDT and would like to go long instead but didn't do that as well, afraid to have unpleasant sleep
  • #34,327
  • Sep 28, 2007 11:12am Sep 28, 2007 11:12am
Thanks for the new toy M2B!
  • #34,328
  • Sep 28, 2007 11:17am Sep 28, 2007 11:17am
Thanks M2B. Looking at your chart, I take comfort at setting my TP at 235.19. I'll then set up for a few short scalps.
  • #34,329
  • Sep 28, 2007 11:31am Sep 28, 2007 11:31am
Quoting mktjong
By referencing to US treasuries data. This pair should not go higher. Last nite Japanese treasuries was very weak that's why this pair did a roundtrip. I was hesitant to short last nite before bed around 2 am EDT and would like to go long instead but didn't do that as well, afraid to have unpleasant sleep
By the way, I went short @234.26. Please don't ask me why .. it's a mixture of many things http://www.forexfactory.com/images/icons/icon10.gif ( i.e: Resistance at 234.5ish, weak US treasuries .. bla bla )
  • #34,330
  • Sep 28, 2007 12:12pm Sep 28, 2007 12:12pm
Hello All,

Has any one seen Que lately,

I have been missing quite a few of the 15 min. strategy trades, as the best trades in that strategy appear to be in the European market hours. (when I am struggling to stay awake).

I know the QQE for MT4 scripted by Que, has an email alert and a pop-up alert, but I wonder if Que, could possibly modify the alerts to allow for user defined multiple audible iterations when, say, the QQE (60 smoothing) has crossed up/down, the slow RSI line.

This would be similar to the MT4 alert function that supports a sound alert every " x "seconds, if price reaches a certain value.

That way, the alert would act as a sort of alarm function, so we don't necessarily have to stay up all night, then fall asleep, only to see we missed a trade by 1 hour. I am sure others must be experiencing this same problem of missing trades.
  • #34,331
  • Sep 28, 2007 12:29pm Sep 28, 2007 12:29pm
Quoting mktjong
By the way, I went short @234.26. Please don't ask me why .. it's a mixture of many things http://www.forexfactory.com/images/icons/icon10.gif ( i.e: Resistance at 234.5ish, weak US treasuries .. bla bla )
u still short
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #34,332
  • Sep 28, 2007 12:34pm Sep 28, 2007 12:34pm
Quoting my2buoys
Allright, ya'll. I'm going to share an indicator with you that I have had on my charts for about 6 months. It was actually designed as an 'exit indicator' for the 1H chart exclusively. I have highlighted that so that people don't come back later and say, "It didn't line up on the 15M or 4H charts". Here is what I have recently discovered about it. It allows you to find the Daily Pivot at any particular moment you want to know what it is without having to figure out if it's still London time or if NY Daily pivot has now kicked in or whatever. It basically operates as a 280 pip channel. It's original intent is to show that when the 1H candle closes above the upper blue line it is due for a retracement or reversal (time to exit). The same goes for when the 1H closes beneath the lower red line (and it is still an effective indicator for that purpose). In that sense it is simlar to Bolinger Bands, except that these bands stay consistent, they don't squeeze like BB do. So, where does the Daily Pivot fit into all of this? Whatever candle you are presently on, move your cursor to the upper blue line and see what price is indicated on it. Then move it down, on the same candle, to the lower red line and see what that price is. Subtract the lower from the upper and you have the middle of the 'channel', which I have found to be almost dead on with the Daily Pivots people constantly quote on this thread. The channel is almost always 280 pips but I have seen it at 260 and even 300. So basically, you're adding or subtracting 140 pips, depending on which line you're doing your figuring from. Obviously, for the perfectionists, this will not line up 'to the pip' of your personal pivot calculations done on paper, but GBP/JPY must be allowed a 5 to 10 pip variance on almost all calculations of that nature anyway. What's the advantage to this indicator over the actual Pivot Calculator indicators? This indicator is placed on your chart one time and never has to be changed or updated for different sessions! It also moves (breathes) while the particular session you are in is going on. A 200 pip move during a particular session is going to affect the Daily Pivot. Why should you have to wait until that session is done to refigure what the Daily Pivot is? This indicator moves as price moves. This indicator does not help to calculate any other pivots (that I have discovered), only the Daily, which is the most important pivot on GBP/JPY, and you can only find it on the 1H chart. The lines will still show up on other TF's but those calculations will not give you the accurate Daily Pivot, only the 1H chart will do that. Here is a chart with the indicator and also the indicator itself. Put it on your chart and test it for a few days and see for yourself how well it lines up with the other Daily Pivot indicators. Hope this helps someone out there and makes your trading easier.

M2B
Woooah, now this sounds interesting, so thanks for sharing it with us. As its already Sundowner time here, IŽll look at it over the weekend http://www.forexfactory.com/images/icons/icon14.gif
Trading Levels with WRBs
  • #34,333
  • Sep 28, 2007 12:43pm Sep 28, 2007 12:43pm
Quoting PipChick
Can you explain that please Imransait?
hi Aus/ pipchick, sorry could not reply earlier, was not on the system
here is the chart which i based my decision on and also this news item
Stocks dipped Friday, the last trading day of the third quarter, as Wall Street mined mixed economic reports and remained cautious ahead of the upcoming earnings onslaught.
Attached Image (click to enlarge)
Click to Enlarge Name: drop.gif Size: 26 KB
  • #34,334
  • Sep 28, 2007 1:30pm Sep 28, 2007 1:30pm
Quoting moneymagnet
u still short
Just came back from outside ..
Yeah unfortunately .. I shouldn'd trade in NY session http://www.forexfactory.com/images/icons/icon8.gif
Will try to cut my losses
  • #34,335
  • Sep 28, 2007 1:35pm Sep 28, 2007 1:35pm
retracement due in 15 mins...may come to the daily pivot and close there, it has no power to go to 235 today, maybe on monday
  • #34,336
  • Sep 28, 2007 1:35pm Sep 28, 2007 1:35pm
Quoting mktjong
Just came back from outside ..
Yeah unfortunately .. I shouldn'd trade in NY session http://www.forexfactory.com/images/icons/icon8.gif
Will try to cut my losses
Besides all the good things to go short, I should wait for the 30 min qqe to cross down too before taking the short. Shall not miss it again anymore next time .. http://www.forexfactory.com/images/icons/icon9.gif

Still think it would go down next week .. might just leave open till it hit the SL.
  • #34,337
  • Sep 28, 2007 1:38pm Sep 28, 2007 1:38pm
Quoting imransait
retracement due in 15 mins...may come to the daily pivot and close there, it has no power to go to 235 today, maybe on monday
Imran Bro Plz check your pm. Thanks
Success has a Thousand Fathers.
  • #34,338
  • Sep 28, 2007 1:39pm Sep 28, 2007 1:39pm
Quoting mktjong
Besides all the good things to go short, I should wait for the 30 min qqe to cross down too before taking the short. Shall not miss it again anymore next time .. http://www.forexfactory.com/images/icons/icon9.gif

Still think it would go down next week .. might just leave open till it hit the SL.
Btw, just checked the US treasuries, it is currently positive. My short is really in danger
  • #34,339
  • Sep 28, 2007 1:40pm Sep 28, 2007 1:40pm
u/j may go down now after closing 1 h candle below 114.80
and g/u faces a resistance of 2.0460
and with the hard level of 234.77
i think g/j will go down till the market closes
  • #34,340
  • Sep 28, 2007 1:56pm Sep 28, 2007 1:56pm
Anybody planning to leave open positions over the weekend?

I am going to leave a short open. The dollar got hammered today, and GU is way overbought. It is due for a retracement, I think to the daily 5sma. If UJ doesn't spike up, I believe GJ is coming down.
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