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

  • #39,441
  • Oct 11, 2007 6:20pm Oct 11, 2007 6:20pm
Quoting auslanco
4hr QQE5 divergence (correct me if I'm wrong M2B)
That is definitely bearish divergence. Bearish divergence is always found across the tops of price and your indicator and bullish divergence is always found across the bottoms of price and your indicator.

M2B
  • #39,442
  • Oct 11, 2007 6:23pm Oct 11, 2007 6:23pm
Quoting auslanco
last time when there was a similar 4hr QQE5 divergence.
That is the kind of downward move I had been expecting this week, but maybe the bullish Daily will keep it from moving that much.

M2B

PS- I just went back and checked the Daily QQE on the day of your chart's divergence (June 4) and the Daily QQE was bearish on my MT4.
  • #39,443
  • Oct 11, 2007 6:23pm Oct 11, 2007 6:23pm
Quoting my2buoys
That is definitely bearish divergence. Bearish divergence is always found across the tops of price and your indicator and bullish divergence is always found across the bottoms of price and your indicator.

M2B
hI My2buoys. On what timeframe is such a divergence valid? thanks
  • #39,444
  • Oct 11, 2007 6:28pm Oct 11, 2007 6:28pm
Quoting saed
hI My2buoys. On what timeframe is such a divergence valid? thanks
Divergence is valid on all TF's. The higher the TF, the bigger the expected move. Divergence on a 15M chart will not generally move much. This divergence we're looking at is on the 4H chart and it is spread out over a period of several days which adds to the strength of its potential move.

M2B
  • #39,445
  • Oct 11, 2007 6:33pm Oct 11, 2007 6:33pm
Interesting news report

Beazer Homes Reports Surge
In Cancellations of Orders


http://online.wsj.com/article/SB1192...r&ru=msn_money

Quote
Beazer reported that 68% of its prospective home buyers canceled their orders in the company's fiscal fourth quarter, which ended Sept. 30.
That has got to hurt your bottom line.

I also found this gem in another article. I think MS should have turned the damn computer off.

Quote
Investment banking giant Morgan Stanley (MS, news, msgs) said its quantitative-strategy traders lost $390 million during a single day in August as their computer models failed to account for "widespread" investor selling, Bloomberg News reported.
  • #39,446
  • Oct 11, 2007 6:35pm Oct 11, 2007 6:35pm
Quoting my2buoys
Divergence is valid on all TF's. The higher the TF, the bigger the expected move. Divergence on a 15M chart will not generally move much. This divergence we're looking at is on the 4H chart and it is spread out over a period of several days which adds to the strength of its potential move.

M2B
Yep and I think we'll be seeing GBP/JPY fall a lot more very soon... I opened my short on G/J when the blue line crossed red and so far I'm at -4 (spread of -8)
  • #39,447
  • Oct 11, 2007 6:36pm Oct 11, 2007 6:36pm
Quoting my2buoys
That is the kind of downward move I had been expecting this week, but maybe the bullish Daily will keep it from moving that much.

M2B

PS- I just went back and checked the Daily QQE on the day of your chart's divergence (June 4) and the Daily QQE was bearish on my MT4.
Mine is turning towards bearish right now actually, but still far from being official on the daily chart

I just realized my weekly chart shows bearish lol
  • #39,448
  • Oct 11, 2007 6:37pm Oct 11, 2007 6:37pm
Quoting Hakuna Matata
i still want to point out that the TREND is UP
so dont hold trades for 200-400pips


just something to keep a note aside
Hakuna is on his 20 pip trades:.. Jk bro.. You are correct.. it's going to be a bumpy ride.
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  • #39,449
  • Oct 11, 2007 6:39pm Oct 11, 2007 6:39pm
Quoting my2buoys
That is definitely bearish divergence. Bearish divergence is always found across the tops of price and your indicator and bullish divergence is always found across the bottoms of price and your indicator.

M2B

Quoting charvo
Wow, considering QQE is derived from RSI, an oscillator that may generate divergence, so my humble guess is that Aus you got it right.

Thanks guys
  • #39,450
  • Oct 11, 2007 6:45pm Oct 11, 2007 6:45pm
come on baby drop right down in to my lap
  • #39,451
  • Oct 11, 2007 6:46pm Oct 11, 2007 6:46pm
Quoting auslanco
Hakuna is on his 20 pip trades:.. Jk bro.. You are correct.. it's going to be a bumpy ride.
don't take it personally HM, this is the 1st time i see this funny pic.
Still waters run deep
  • #39,452
  • Oct 11, 2007 6:47pm Oct 11, 2007 6:47pm
4hr 50 ema i first t/p
and then we r going to love this ride
all my signals are slowly adding together--luvin it so far
watch out g/j--im comin with the drilllllllllllll
  • #39,453
  • Oct 11, 2007 6:48pm Oct 11, 2007 6:48pm
Quoting barak
don't take it personally HM, this is the 1st time i see this funny pic.

lol--im all for jokes buddy
nice one aus--lol

my journal is my bookkeepin--all treasure comes from there
  • #39,454
  • Oct 11, 2007 6:49pm Oct 11, 2007 6:49pm
Quoting 59fender
come on baby drop right down in to my lap


Hi 59fender, r u goona long after this drop? http://www.forexfactory.com/images/icons/icon10.gif
  • #39,455
  • Oct 11, 2007 6:50pm Oct 11, 2007 6:50pm
now watch us all ride the waves
dont aim for the stars--just the sky
  • #39,456
  • Oct 11, 2007 6:53pm Oct 11, 2007 6:53pm
Quoting auslanco
Hakuna is on his 20 pip trades:.. Jk bro.. You are correct.. it's going to be a bumpy ride.
Aus,

You stole Kevin's old avatar!

I still remember, Kevin. (It was you who originally posted that, wasn't it?)

M2B
  • #39,457
  • Oct 11, 2007 6:53pm Oct 11, 2007 6:53pm
Quoting mktjong


Hi 59fender, r u goona long after this drop? http://www.forexfactory.com/images/icons/icon10.gif
His trade will be ok since he goes for smaller profits.. I'm expecting a 1hr 5sma retracement from 238.35 area.
  • #39,458
  • Oct 11, 2007 6:54pm Oct 11, 2007 6:54pm
Quoting my2buoys
Aus,

You stole Kevin's old avatar!

I still remember, Kevin. (It was you who originally posted that, wasn't it?)

M2B
yes..took me 20mins to go through Kevins posts
  • #39,459
  • Oct 11, 2007 6:55pm Oct 11, 2007 6:55pm
not yet
  • #39,460
  • Oct 11, 2007 6:58pm Oct 11, 2007 6:58pm
Quoting Hakuna Matata
watch out g/j--im comin with the drilllllllllllll
Yowser!
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