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

  • #46,401
  • Oct 31, 2007 5:39pm Oct 31, 2007 5:39pm
Quoting auslanco
Yo yo for few days are highly possible untill some of these indicators turn neutral from it's highly bullish nature. I got my new monthly candle with MT4 ,
new monthly highs 242.30 and Low's - god knows what' with another extremely bearish momentum on the new monthly bar + overdue bearish momentum from the previous bar.
Aus, i've a question: what is the sequence in reading the momentum? is it 1c,10c,then 14c...so 1c happens first then 10c etc....? for example if 10c is pointing up and 14c down will the price go up first b/4 coming down or vice versa??
  • #46,402
  • Oct 31, 2007 5:41pm Oct 31, 2007 5:41pm
Quoting auslanco
Thats a screenshot of my GFT chart settings/scaling to easiely spot the momentum indicator bends.
I understand that. Under the momentum indicators is another indicator. What indicator is at the bottom of each of those charts?
  • #46,403
  • Oct 31, 2007 5:43pm Oct 31, 2007 5:43pm
TTN ANALYSIS - U.S. ECONOMIC OUTLOOK: WHY SOME SAY IT WILL BE WORSE, MUCH WORSE
- The analyst community seems decided that goldilocks is alive and well. Going by the consensus, things are going so well that there won't have to be another Fed rate cut at the December meeting. In a survey performed after today's close on Wall Street, 12 out of 20 primary dealers see the Fed on hold at the December meeting, while 8 see another cut. The survey's median expectation is for rates at 4.25% before the end of rate-cutting cycle (implyng only one more rate cut will be needed to prevent a recession). CNBC host Larry Kudlow: "With all the gloom coming out of Wall Street, the Democrats on the campaign trail, and the mainstream media, a remarkable thing just happened: Real gross domestic product, the best summary report of the American economy, came in at a breathtaking 3.9 percent annual rate for the third quarter. In fact, following the 3.8 percent growth rate for the second quarter, the U.S. economy has posted its strongest quarterly growth in four years. The economy actually appears to be speeding up, following the relatively sluggish performance of the prior 18 months."
  • #46,404
  • Oct 31, 2007 5:44pm Oct 31, 2007 5:44pm
Quoting Big Bruv
Aus, i've a question: what is the sequence in reading the momentum? is it 1c,10c,then 14c...so 1c happens first then 10c etc....? for example if 10c is pointing up and 14c down will the price go up first b/4 coming down or vice versa??
Usually the 1c first. then 10C or 14C which ever supports the 1C.
  • #46,405
  • Oct 31, 2007 5:45pm Oct 31, 2007 5:45pm
Quoting Gandolf
I understand that. Under the momentum indicators is another indicator. What indicator is at the bottom of each of those charts?
RSI
  • #46,406
  • Oct 31, 2007 5:49pm Oct 31, 2007 5:49pm
Quoting auslanco
I got my new GFT daily at 12GMT few minutes back and it's same as the MT4
Hi Aus,

Since 1C bend so much, why u said the reversal is weak??
  • #46,407
  • Oct 31, 2007 5:49pm Oct 31, 2007 5:49pm
Quoting auslanco
Daily.. As you can see there are mixed signals from the Daily bar. Then we have to refer to 8hr charts to confirm the session momentums.
auslanco

In my chart i see the 14c momentum diferent than you have what is my problem or the parameter

thank
  • #46,408
  • Oct 31, 2007 5:55pm Oct 31, 2007 5:55pm
Quoting comeinvest
Hi Aus,

Since 1C bend so much, why u said the reversal is weak??
10C and 14 C weak.. for a strong reversal 1C needs a strong bent support of either 10C 0r 14C. If all three have strong bends , thats a very strong reversal signal.
  • #46,409
  • Edited 5:58pm Oct 31, 2007 5:56pm | Edited 5:58pm
yeah Aus, my 14c is different as well (GFT) it is pointing up but its beloe the 100 line. no bend at all........baby

scrap that...waz looking at wrong chart...my bad
  • #46,410
  • Oct 31, 2007 5:56pm Oct 31, 2007 5:56pm
Quoting amed12
auslanco

In my chart i see the 14c momentum diferent than you have what is my problem or the parameter

thank
I dont know mate, check your charts
  • #46,411
  • Oct 31, 2007 5:57pm Oct 31, 2007 5:57pm
Quoting Big Bruv
yeah Aus, my 14c is different as well (GFT) it is pointing up but its beloe the 100 line. no bend at all........baby
No probs.. then bend it a bit check your settings
  • #46,412
  • Oct 31, 2007 5:58pm Oct 31, 2007 5:58pm
Quoting auslanco
Usually the 1c first. then 10C or 14C which ever supports the 1C.

Aus: here is shot of my 1,10 and 14c momentums on IBFX. could difference be because of different daily closing times.
Also, almost have second part of web site done, will PM you when finished so you can ok.
Attached Image
Trade what you see, not what you think.
  • #46,413
  • Oct 31, 2007 5:59pm Oct 31, 2007 5:59pm
Aus, do you happen to have a dollar index chart or data that goes further than 1980, I'm curious to see where we might find support from the free fall
  • #46,414
  • Oct 31, 2007 6:01pm Oct 31, 2007 6:01pm
Quoting amed12
auslanco

In my chart i see the 14c momentum diferent than you have what is my problem or the parameter

thank
Momentum is just a comparison of two closing bars, the current bar and the one X periods ago. Different broker day start times, missing data, whatever could cause you to see something different than what Auslanco sees. Just trade what you see on your charts.
  • #46,415
  • Oct 31, 2007 6:03pm Oct 31, 2007 6:03pm
Quoting auslanco
No probs.. then bend it a bit check your settings
Humble Lifetime Member
  • #46,416
  • Oct 31, 2007 6:04pm Oct 31, 2007 6:04pm
Quoting maestr2
Aus: here is shot of my 1,10 and 14c momentums on IBFX. could difference be because of different daily closing times.
Also, almost have second part of web site done, will PM you when finished so you can ok.

Yes it makes a difference.. But my VT,MT4,GFT all shows the

Here's VT daily
Attached Image
  • #46,417
  • Oct 31, 2007 6:05pm Oct 31, 2007 6:05pm
Quoting brucehvn
Momentum is just a comparison of two closing bars, the current bar and the one X periods ago. Different broker day start times, missing data, whatever could cause you to see something different than what Auslanco sees. Just trade what you see on your charts.
tks, Bruce: that is what i thought
Trade what you see, not what you think.
  • #46,418
  • Oct 31, 2007 6:06pm Oct 31, 2007 6:06pm
Quoting auslanco
10C and 14 C weak.. for a strong reversal 1C needs a strong bent support of either 10C 0r 14C. If all three have strong bends , thats a very strong reversal signal.
Thanks a lot for the analysis.
  • #46,419
  • Oct 31, 2007 6:07pm Oct 31, 2007 6:07pm
Quoting gene22
Aus, do you happen to have a dollar index chart or data that goes further than 1980, I'm curious to see where we might find support from the free fall

I got the dollar index on my e-sginal. But I dont have access to it unytil I get back from my holidays.
  • #46,420
  • Oct 31, 2007 6:09pm Oct 31, 2007 6:09pm
Do you think the circular resistance will hold?

Also, look at the macd histogram (5,500,50) on the 15 minute chart. It usually nails the big moves, with a few headfakes thrown in.
Attached Image (click to enlarge)
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