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

  • #42,641
  • Oct 22, 2007 2:10am Oct 22, 2007 2:10am
Quoting crashout
Now the question is : Do will have enough strength to break the low ?

Simple answer: Yes.

I'm not responsible if it doesn't. lol
Trade what you see, not what you think.
  • #42,642
  • Oct 22, 2007 2:10am Oct 22, 2007 2:10am
Quoting my2buoys
Hey, Bill, mine is also bullish. I think it's because my platform shows a short day for Sunday all by itself. Daily candles with their indicators will always vary in a situation like this. That's why you have to trade what you see on your own charts. It will ultimately build great confidence in you.

M2B
thanks m2 and you to bruce, thats the best advice you can give m2, since last week i started trading my own charts and only considering other opinions, i have not lost a trade. it has changed my trading ability completely around. i am almost ready for live trading. God bless you mate.
  • #42,643
  • Oct 22, 2007 2:11am Oct 22, 2007 2:11am
Quoting brucehvn
Here's mine Bill (Alpari demo). Mine doesn't show clear bearish momentum either, but it's very difficult on the first day of the week to match up. Momentum is only comparing two bars, so with everyone on a different broker with different closing times and such, it's hard to get the same momentum reading.

Bruce
Can you post this Bruce MTF Momentum Indicator for MT4 plse.
Thnks in advance
  • #42,644
  • Oct 22, 2007 2:12am Oct 22, 2007 2:12am
Quoting karmostaji

I'm not responsible if it doesn't. lol

  • #42,645
  • Oct 22, 2007 2:17am Oct 22, 2007 2:17am
Quoting karmostaji
I'm not responsible if it doesn't. lol
And here I thought you were a "market maker"!!
  • #42,646
  • Oct 22, 2007 2:19am Oct 22, 2007 2:19am
I pulled the trigger @ 233.90, The gap hasn't been filled and I'm having doubts if it will or not, but let's see. Target is 231.50 area
Trade what you see, not what you think.
  • #42,647
  • Oct 22, 2007 2:23am Oct 22, 2007 2:23am
Quoting karmostaji
I pulled the trigger @ 233.90, The gap hasn't been filled and I'm having doubts if it will or not, but let's see. Target is 231.50 area
Yes

Weekly S1 @ 231.70
  • #42,648
  • Oct 22, 2007 2:24am Oct 22, 2007 2:24am
Quoting karmostaji
I pulled the trigger @ 233.90, The gap hasn't been filled and I'm having doubts if it will or not, but let's see. Target is 231.50 area
good call karmo, hope to see the target get hit before US Closes, more earnings reports on the way today..and not looking good...

I am in from the last retrace to 234.40 area targetting 232.30
  • #42,649
  • Oct 22, 2007 2:24am Oct 22, 2007 2:24am
Quoting karmostaji
I pulled the trigger @ 233.90, The gap hasn't been filled and I'm having doubts if it will or not, but let's see. Target is 231.50 area
This gap will fill. When it fills is a matter of speculation. I thought it might fill before London, but now it looks like it could be a day or so before that happens. I mentioned earlier that in some of my backtesting I saw a gap from long ago that actually took three days to fill. So they're not always immediate. Depends on market momentum at the time and also fundamentals. Like Hakuna says, go with whatever your charts are showing right now and let price lead us to the pips (that's a paraphrase). For now it looks like onward downward.

M2B
  • #42,650
  • Oct 22, 2007 2:26am Oct 22, 2007 2:26am
Quoting my2buoys
Hey, Bill, mine is also bullish. I think it's because my platform shows a short day for Sunday all by itself. Daily candles with their indicators will always vary in a situation like this. That's why you have to trade what you see on your own charts. It will ultimately build great confidence in you.

M2B
I 100% confirm we will get the same indicators' signal (bearish / bullish) if we talk about 1 Minutes, 10M, 15 M 30 M and 1 Hr. If we talk about 4 hr, Daily, Monthly, ... as M2B said, we have to believe in ur chart....

IMO, if we talk about 4 hr... if the Momentum in VT is UP and the momentum in MT is bearish, If at 1500EST we follow the signal from VT (long), we have to mixture our trade is in profit before 1600EST, because 4 hr candle on VT occurs at 1600, and at MT4 at 1700 EST. Maybe from 1600EST the price will go down, just to suit MT4 signal....

I might be wrong, if our momentum experts can comment. i really appreciate it.
  • #42,651
  • Oct 22, 2007 2:27am Oct 22, 2007 2:27am
Quoting my2buoys
This gap will fill. When it fills is a matter of speculation. I thought it might fill before London, but now it looks like it could be a day or so before that happens. I mentioned earlier that in some of my backtesting I saw a gap from long ago that actually took three days to fill. So they're not always immediate. Depends on market momentum at the time and also fundamentals. Like Hakuna says, go with whatever your charts are showing right now and let price lead us to the pips (that's a paraphrase). For now it looks like onward downward.

M2B
Yep you're right, but I meant the gap being filled before london or just as london opens, but I guess not.
Trade what you see, not what you think.
  • #42,652
  • Oct 22, 2007 2:29am Oct 22, 2007 2:29am
Quoting karmostaji
I pulled the trigger @ 233.90, The gap hasn't been filled and I'm having doubts if it will or not, but let's see. Target is 231.50 area
what is your sl???
  • #42,653
  • Oct 22, 2007 2:31am Oct 22, 2007 2:31am
Quoting my2buoys
You obviously haven't learned a thing from him because if you have followed the indicators he has talked about in this thread for the last few months then you would know that he has a great grasp on this pair. You also have a strange way of showing respect. Statements can be altered just as easily as journals. Hakuna isn't here to brag about how much money he has made (that one day last week was an exception). I frankly don't care how much Hakuna or anyone else in this thread makes. What I do care is that when people post something that it educates and/or encourages me and the others observing. If your posts are an attempt at respectful sarcasm you're doing a lousy job of it. So hold your peace or leave.

M2B
Hmmm... yes and no.. anyway we here to learn from each other so
  • #42,654
  • Oct 22, 2007 2:33am Oct 22, 2007 2:33am
Quoting shahroodi
what is your sl???
100 pips SL

I'm off to univ, be back later
Trade what you see, not what you think.
  • #42,655
  • Oct 22, 2007 2:33am Oct 22, 2007 2:33am
Quoting karmostaji
Yep you're right, but I meant the gap being filled before london or just as london opens, but I guess not.
your observation with the fibs are marvelous, 50% are just a big magnet for this pair. I am starting to profit from this Golden Numbers...
  • #42,656
  • Oct 22, 2007 2:34am Oct 22, 2007 2:34am
Quoting Arbit007
Can you post this Bruce MTF Momentum Indicator for MT4 plse.
Thnks in advance
Go to the link in my signature. I've posted the MT4 version there. It's not actually a multiple time frame but a multiple period indicator.

Bruce
  • #42,657
  • Oct 22, 2007 2:36am Oct 22, 2007 2:36am
Quoting HnP
I 100% confirm we will get the same indicators' signal (bearish / bullish) if we talk about 1 Minutes, 10M, 15 M 30 M and 1 Hr. If we talk about 4 hr, Daily, Monthly, ... as M2B said, we have to believe in ur chart....

IMO, if we talk about 4 hr... if the Momentum in VT is UP and the momentum in MT is bearish, If at 1500EST we follow the signal from VT (long), we have to mixture our trade is in profit before 1600EST, because 4 hr candle on VT occurs at 1600, and at MT4 at 1700 EST. Maybe from 1600EST the price will go down, just to suit MT4 signal....

I might be wrong, if our momentum experts can comment. i really appreciate it.
You've got it. Anything over 1H can vary on different platforms. If the time of the candle opening and closing varies, then the indicators will vary as well. It's simple mathematics.

M2B
  • #42,658
  • Oct 22, 2007 2:37am Oct 22, 2007 2:37am
any retracement expected?
  • #42,659
  • Oct 22, 2007 2:41am Oct 22, 2007 2:41am
Quoting brucehvn
Go to the link in my signature. I've posted the MT4 version there. It's not actually a multiple time frame but a multiple period indicator.

Bruce
I like it, Bruce. I posted a chart earlier with the new indicator combo. I have already transferred it to the charts I use for trading. It's awesome as a spacesaver, bro. Thanks again for all your work which makes trading easier for the rest of us in this thread. Here's a 1H chart, just so some of the others can see what it looks like.

M2B
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  • #42,660
  • Oct 22, 2007 3:02am Oct 22, 2007 3:02am
Well, I realize that it's not in the best location (the James 16 group would say it's in traffic), but there is a pin bar now showing on my 4H Chart. It's hard to tell it's significance at this point, especially because of the gap which opened the session this week. The new 4H momentum is actually slightly bullish on my charts. The new 1H and 30M are also bullish. Let's see if price continues down.

M2B
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