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

  • #45,861
  • Oct 30, 2007 11:13am Oct 30, 2007 11:13am
Quoting Kain
I shorted at 236.97, did I make a wrong move?
LOL I guess with your demo accunt.. it doesn't matter , did you start reading this thread from the beginning? You should.
Trade what you see, not what you think.
  • #45,862
  • Oct 30, 2007 11:14am Oct 30, 2007 11:14am
Quoting pippenmagic
Hi markam, 2 questions.....

What would (possibly) happen to the cable and geppy if a rate cut of .25%?

And...

What would happen for a cut of .50%

I'm just trying to piece together 2 scenarios of what could happen, and your help would be very much appreciates
And What would happen if O rate cut?
Losers Complain, Winners Train! Utah
  • #45,863
  • Oct 30, 2007 11:14am Oct 30, 2007 11:14am
I'd love to see 'no rate cut' and then everything just starts collapsing.


Karm, that is what SHOULD happen, if Mr Bernanke has the best intrest of his country at heart. Unfortunatley, the drug addicts on Wall Street are demanding a "fix", and I'm sure he will placate them with a .25 cut. However, in the event courage is found and no cut is given, I will have a sell entry about 75 pips away to catch the wave down to the 230.00 area!
  • #45,864
  • Oct 30, 2007 11:16am Oct 30, 2007 11:16am
Quoting karmostaji
LOL I guess with your demo accunt.. it doesn't matter , did you start reading this thread from the beginning? You should.
Not yet.

Didn't you say 236.10 is a target for now?
  • #45,865
  • Oct 30, 2007 11:16am Oct 30, 2007 11:16am
Quoting Big Bruv
Hi Guys ...need help...

My momentum midpoint is at 100 (red line)....at what level above and below the 100 level is it overbought and over sold?
I don't think there is 'overbought' nor 'oversold' when using the Momentum indicator.

Here's an example I wrote in my strategy thread,

" Momentum & 5sma
Before using the Momentum indicator and 5sma, you must have auslanco's QQE indicator. I'll explain how to catch a retracement in this following example:
When QQE 4h is crossed upwards, and QQE 1hr is crossed upwards, and the Momentum at the beginning of the next 1h candle is pointing downwards, price will usually retrace to 1hr 5sma, it's that simple."

If you have anymore questions regarding the Momentum indicator, ask me.
Trade what you see, not what you think.
  • #45,866
  • Oct 30, 2007 11:18am Oct 30, 2007 11:18am
Quoting Kain
Not yet.

Didn't you say 236.10 is a target for now?
The bull is still very strong, no trade for me yet.
Trade what you see, not what you think.
  • #45,867
  • Oct 30, 2007 11:18am Oct 30, 2007 11:18am
Karmo,

Where can I get the QQE indicator? I am using InterbankFX MT 4 platform can I download the QQE indicator?
  • #45,868
  • Oct 30, 2007 11:24am Oct 30, 2007 11:24am
Quoting vinesh2
Karmo,

Where can I get the QQE indicator? I am using InterbankFX MT 4 platform can I download the QQE indicator?
I don't use auslanco's indicators on MT4, but here I did a quick search and found the QQE for MT4.
Attached File(s)
File Type: ex4 ###QQE_Alert_MTF_v5###.ex4   19 KB | 497 downloads
Trade what you see, not what you think.
  • #45,869
  • Oct 30, 2007 11:26am Oct 30, 2007 11:26am
Thanks Karmo you are the master!
  • #45,870
  • Oct 30, 2007 11:26am Oct 30, 2007 11:26am
We will have downward movement only if DOW closes below 13,800 , until then we'll have choppy movement. Yesterday we had choppy movement until the DOW closed and then retracement started kicking it, today could be similar.
Trade what you see, not what you think.
  • #45,871
  • Oct 30, 2007 11:28am Oct 30, 2007 11:28am
When does the DOW close?
  • #45,872
  • Oct 30, 2007 11:28am Oct 30, 2007 11:28am
Quoting vinesh2
Karmo,

Where can I get the QQE indicator? I am using InterbankFX MT 4 platform can I download the QQE indicator?
The easiest way is follow this link http://www.forexfactory.com/misc.php...hments&t=40582 , you can find all attachements, and QQE as well

cheers
  • #45,873
  • Oct 30, 2007 11:28am Oct 30, 2007 11:28am
Quoting pippenmagic
Hi markam, 2 questions.....

What would (possibly) happen to the cable and geppy if a rate cut of .25%?

And...

What would happen for a cut of .50%

I'm just trying to piece together 2 scenarios of what could happen, and your help would be very much appreciates
I would guess in either case, you would see a short-term move up in the stock markets and GJ. Then sometime within 1 hour and 1 week of the cut, I expect to see the market start to fall, possibly fall big. This is especially true if the fed has language indicating that they are strongly biased against additional cuts at least before next year.

I am still predicting a dow in the 10-11,000 range by the end of November. It may be pushed back as far as early next year, but I doubt it.
  • #45,874
  • Oct 30, 2007 11:32am Oct 30, 2007 11:32am
Quoting markam
I would guess in either case, you would see a short-term move up in the stock markets and GJ. Then sometime within 1 hour and 1 week of the cut, I expect to see the market start to fall, possibly fall big. This is especially true if the fed has language indicating that they are strongly biased against additional cuts at least before next year.

I am still predicting a dow in the 10-11,000 range by the end of November. It may be pushed back as far as early next year, but I doubt it.
nice site for fundamential and technical market analysis. you can trial first month. have a look: www.technicalindicatorindex.com

they are saying 7-15 nov.
  • #45,875
  • Oct 30, 2007 11:36am Oct 30, 2007 11:36am
Quoting karmostaji
I don't think there is 'overbought' nor 'oversold' when using the Momentum indicator.

Here's an example I wrote in my strategy thread,

" Momentum & 5sma

If you have anymore questions regarding the Momentum indicator, ask me.
thanks Bro do u have anything in a doc..with example of various indicators and interpretation for instance..if at start of day 10c is point up above 100, 14c is pointing down below 100 and 1c is on the 100....is that a 'Dud' trade...as in no direction or do we focus on the 10c?
  • #45,876
  • Oct 30, 2007 11:41am Oct 30, 2007 11:41am
Quoting markam
I would guess in either case, you would see a short-term move up in the stock markets and GJ. Then sometime within 1 hour and 1 week of the cut, I expect to see the market start to fall, possibly fall big. This is especially true if the fed has language indicating that they are strongly biased against additional cuts at least before next year.

I am still predicting a dow in the 10-11,000 range by the end of November. It may be pushed back as far as early next year, but I doubt it.
Cheers markam, i would also like to say a quick (but loud) THANK YOU to yourself, aus, Karmo an HM for helping me turn a corner in the crazy world of forex. All the best to you and to those who have contributed to this thread.
  • #45,877
  • Oct 30, 2007 11:41am Oct 30, 2007 11:41am
Quoting markam
don't expect 700 pips up out of this one. Even another .5% cut won't do it this time.
I agree, just trying to get a sense of direction. Could see aspike, then return to normal. Now, if I could just figure what "normal" is, I would be in good shape.
  • #45,878
  • Oct 30, 2007 11:45am Oct 30, 2007 11:45am
Quoting Mysticdiver
I agree, just trying to get a sense of direction. Could see aspike, then return to normal. Now, if I could just figure what "normal" is, I would be in good shape.
I am thinking a .5% cut might get GJ up to the 240 range as a high.
  • #45,879
  • Oct 30, 2007 11:51am Oct 30, 2007 11:51am
Quoting my2buoys
Hey, Cowboy,

You're not out of the woods yet. You still haven't laid out your approach. It's still all 'fly by the seat of your pants' which is fine, if it works for you personally, but if you can't spell it out in clear language you shouldn't be cluttering the thread of someone else who is trying to help other traders with a specific system with specific guidelines. The highlighted part of your above post says it all. The thing you really seem to desire is to be listed with those who are esteemed by 'others' as good teachers. If you have to put yourself in that list then you're not really there. Go back and read through this entire thread and you will NEVER find any of the traders you mentioned speaking their own name in the same sentence with those other traders. If you have it, others will put your name in that list. If you don't have it, nothing you can do or say will put you there. None of the people in that list 'desired' to be there either. How did they get there? Through time, different people who view this thread and actually 'read' it, picked out different ones who they had gained valuable insight from and began talking about them in the same sentences. If you have to toot your own horn you ain't got it. Oh boy, I've written another book, but sometimes things like this just have to be ground out, kind of like the times of consolidation in the market. This thread will move forward again.

M2B

Not too be rude as I have never posted in here but just follow along....M2B you have a good approach it seems with trading and are level headed but IMHO you are acting like the thread Nazi and while I agree with some of your points and some not so much........you do a lot of bashing and you get on your high horse and it takes away from who you are and what you are about.

People relax and calm down and let's focus on trading not bashing and climbing up on our horses to tear others down.

Just my 2 cents........back to lurking.
  • #45,880
  • Oct 30, 2007 11:51am Oct 30, 2007 11:51am
Quoting Big Bruv
Hi Guys ...need help...

My momentum midpoint is at 100 (red line)....at what level above and below the 100 level is it overbought and over sold?
From my understanding, momentum does not have fixed OB/OS levels like other indicators. You have to look at the recent history of the plots to determine what you consider to be the OB/OS regions for the current market.
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