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

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

#35,681
Oct 2, 2007 10:58am Oct 2, 2007 10:58am

oscarmume
| Joined Sep 2007 | Status: Trader | 1 Post

hi sir,
am just a new forex trader ad i really like some of your analysis on GBP/JPY but i want you to explain how to make use of this when am actually trading.................how to make use of the trend........infact if you can drop a little note for me on the fundermental understanding on how to make use of the trend.............thanks

#35,682
Oct 2, 2007 11:02am Oct 2, 2007 11:02am

my2buoys
| Joined Dec 2006 | Status: Trader | 1,556 Posts

Quoting oscarmume

Disliked

hi sir,
am just a new forex trader ad i really like some of your analysis on GBP/JPY but i want you to explain how to make use of this when am actually trading.................how to make use of the trend........infact if you can drop a little note for me on the fundermental understanding on how to make use of the trend.............thanks

Ignored

Aus is sleeping right now because he lives in Australia. It's night time there, you know. If you want to learn how to use his system then spend about three or four weeks just following along in this thread and you will learn enough to be profitable. Don't ask any questions until you have followed along for a while. Observation is the best way to learn what's going on in this market.

M2B

#35,683
Oct 2, 2007 11:10am Oct 2, 2007 11:10am

shahroodi
Joined Mar 2007 | Status: Trader | 1,731 Posts

Quoting my2buoys

Disliked

The daily pivot in GBP/JPY is right around 236 right now (Please don't hammer back at me that it's really 236.03 or whatever. I have my own way of figuring the current daily pivot). The 4H momentum is a limp bull right now. The 1H is flat and the 30M and 15M momentums are shifting back and forth. I am seeing consolidation for a while, maybe until Asia. I am still bullish on this pair until we see a 4H close beneath the daily pivot, and ultimately beneath the Daily 50 EMA which is currently around 234.50. The last couple of retraces bounced off of the 236.10 area where we had a 30M TFT line and a 15M 50EMA. I think 236 will support for now unless a late sell-off in the DOW spikes it down to the 235.80 area. I realize the 4H QQE is still bearish but it is in conflict with the Daily Chart which is strongly bullish. I still think we will see prices in the 238+ area unless unforeseen fundamentals pull it down. There is a 61.8 Fib line in the 238.90 area. Let's see where price takes us.

M2B

Ignored

hi my2bouys
could you say which broker you use for MT4 plattform??
and in your plattform QQE5 in 4 hr TF below or above the dashed line(slow rsi)???
TKS MY BUDD

#35,684
Oct 2, 2007 11:11am Oct 2, 2007 11:11am

mktjong
| Joined Nov 2006 | Status: Trader | 5,040 Posts

Quoting moneymagnet

Disliked

mktjong:

is this for the 15 min chart only? also does the bar need to close above/below ichimoku or just break through/

thanks

Ignored

Yes, it is only for 15min chart. It has to close above or below the cloud. Use QQE (60) to support the confirmation as well http://www.forexfactory.com/images/icons/icon14.gif

#35,685
Oct 2, 2007 11:13am Oct 2, 2007 11:13am

my2buoys
| Joined Dec 2006 | Status: Trader | 1,556 Posts

Quoting shahroodi

Disliked

hi my2bouys
could you say which broker you use for MT4 plattform??
and in your plattform QQE5 in 4 hr TF below or above the dashed line(slow rsi)???
TKS MY BUDD

Ignored

I use ODL securities for my charts but FXCM is my trading broker. The 4H QQE, as I stated in my post, is bearish. That means that it is beneath the dotted line.

M2B

#35,686
Oct 2, 2007 11:21am Oct 2, 2007 11:21am

shahroodi
Joined Mar 2007 | Status: Trader | 1,731 Posts

Quoting my2buoys

Disliked

I use ODL securities for my charts but FXCM is my trading broker. The 4H QQE, as I stated in my post, is bearish. That means that it is beneath the dotted line.

M2B

Ignored

tks budd
but see my chart!!!!???
my broker is fxdd

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#35,687
Edited 11:49am Oct 2, 2007 11:48am | Edited 11:49am

Rustyyy
| Joined Jun 2007 | Status: Keeping my head above the clouds | 814 Posts

Mr. Markam
Any late afternoon stock market analysis ?

#35,688
Oct 2, 2007 11:54am Oct 2, 2007 11:54am

moneymagnet
Joined Apr 2006 | Status: Trader | 2,429 Posts

Quoting shahroodi

Disliked

tks budd
but see my chart!!!!???
my broker is fxdd

Ignored

mine as well

Attached Image

TRIALS THAT SHAKE SOME, CONFIRM OTHERS!

#35,689
Oct 2, 2007 11:55am Oct 2, 2007 11:55am

moneymagnet
Joined Apr 2006 | Status: Trader | 2,429 Posts

Quoting mktjong

Disliked

Yes, it is only for 15min chart. It has to close above or below the cloud. Use QQE (60) to support the confirmation as well http://www.forexfactory.com/images/icons/icon14.gif

Ignored

thx

TRIALS THAT SHAKE SOME, CONFIRM OTHERS!

#35,690
Oct 2, 2007 12:04pm Oct 2, 2007 12:04pm

fourxtrader
Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts

Quoting my2buoys

Disliked

The daily pivot in GBP/JPY is right around 236 right now (Please don't hammer back at me that it's really 236.03 or whatever. I have my own way of figuring the current daily pivot). The 4H momentum is a limp bull right now. The 1H is flat and the 30M and 15M momentums are shifting back and forth. I am seeing consolidation for a while, maybe until Asia. I am still bullish on this pair until we see a 4H close beneath the daily pivot, and ultimately beneath the Daily 50 EMA which is currently around 234.50. The last couple of retraces bounced off of the 236.10 area where we had a 30M TFT line and a 15M 50EMA. I think 236 will support for now unless a late sell-off in the DOW spikes it down to the 235.80 area. I realize the 4H QQE is still bearish but it is in conflict with the Daily Chart which is strongly bullish. I still think we will see prices in the 238+ area unless unforeseen fundamentals pull it down. There is a 61.8 Fib line in the 238.90 area. Let's see where price takes us.

M2B

Ignored

Thanks M2B,

That's the best summary of what's happenin'....
trust the charts, it leaves me more time for >.>.>.>.

#35,691
Oct 2, 2007 12:08pm Oct 2, 2007 12:08pm

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Hi

I do the same mktjong, i use the the 15mn strategy and check where the price is compared to the cloud.
I also take care of the steep of the kijun/tenkan. when both are pointing one direction i use it as an entry point

COT: The precious data ignored

#35,692
Oct 2, 2007 12:10pm Oct 2, 2007 12:10pm

my2buoys
| Joined Dec 2006 | Status: Trader | 1,556 Posts

Quoting shahroodi

Disliked

tks budd
but see my chart!!!!???
my broker is fxdd

Ignored

Just got back from my lunch break. 4H charts will vary from broker to broker (as well as Daily, Weekly, and Monthly charts) because of the time that each broker chooses to open and close the candles on these charts. There are different brokers out there who open and close their 4H candles at four different hours. I like ODL because their 4H candles line up with the beginning of the day at 00 GMT and proceed forward accordingly. That means they close at 4, 8, 12, 16 20 and 00 GMT throughout the day. Their 4H charts also line up with VT charts which Aus originally used to introduce his system to us. Actually, it's not important which broker you use as long as you consistently trade based upon the same charts. You will run into problems if you try to integrate more than one set of charts to determine the 4H signals because it will leave you guessing instead of making clear decisions. The MT4 broker Aus uses (I think it's FXDD) closes it's 4H charts one hour after ODL (1, 5, 9, 13, 17 and 21 GMT). I realize this can be confusing when looking for a 4H/1H strategy setup with Aus's system. This 4H controversy comes up regularly at least every other day in the thread. You just have to learn to trade what you see on your charts or else change charting brokers. Hope this helps.

M2B

#35,693
Oct 2, 2007 12:14pm Oct 2, 2007 12:14pm