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Breeze....Update on GBP/JPY

  • #41
  • Oct 31, 2007 2:23pm Oct 31, 2007 2:23pm
  •  Kokan
  • | Joined Mar 2007 | Status: Should I stay, or should I go | 73 Posts
Quoting Breeze
theres too much volatilyti play it save.

Breeze
Thanks in advance for lessons.
  • #42
  • Oct 31, 2007 2:24pm Oct 31, 2007 2:24pm
Quoting Breeze
theres too much volatilyti play it save.

Breeze

thanks Man
  • #43
  • Oct 31, 2007 2:31pm Oct 31, 2007 2:31pm
Quoting babyfx
Ok thanks, ahaha hush hush here
Can you post the ADX indicator for me plse.I can not find if on my MT 4.
Thnx
  • #44
  • Oct 31, 2007 2:34pm Oct 31, 2007 2:34pm
Quoting Arbit007
Can you post the ADX indicator for me plse.I can not find if on my MT 4.
Thnx
What are the settings to be used on the ADX?
  • #45
  • Oct 31, 2007 2:45pm Oct 31, 2007 2:45pm
Quoting Arbit007
What are the settings to be used on the ADX?
I'm using a different chart.....but i have decided to move my funds to Oanda...so I'll be using Oanda chart.
Breeze
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  • #46
  • Oct 31, 2007 2:53pm Oct 31, 2007 2:53pm
Good nite all...i have a long pending order @ 239.41....lets see if it will be filled when i wake up.

Profitable trading
Breeze
  • #47
  • Oct 31, 2007 3:35pm Oct 31, 2007 3:35pm
Quoting Breeze
ure welcome el grande....post ur analysis too...if you can.

Profitable trading
Breeze

Thank you Breeze.

I am attaching 2 charts. First 1 - I base on a Pulse Chart I am working on. Has it its roots on EW but am using something else for the rules. Then another is the Chart where I label the waves based on Rules as far as I can remember about EW.

Both charts show the end of a Wave 3 at 247.24 for the Pulse chart while 247.27 for the EW Chart. Differences may be due to approximate location setting of the Fib extention tool used to project Wave 5 within a wave 3 at FE 261.8

This is how I project he end of this wave 3. The reason why I brought this up is that your target is at 245-247. May I please know how you arrived at that price?

EG
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  • #48
  • Oct 31, 2007 3:37pm Oct 31, 2007 3:37pm
The ADX is an oscillator that moves between 0 and 100.
Readings, below 20, indicate a weak trend and above 40, indicate a strong trend but doesn't tell you if a trend is bullish or bearish. It just assesses the strength of the current trend. E.g. a reading above 40 can indicate a strong downtrend as well as a strong uptrend.
Normally the default setting for most ADX is 14, but it can be adjusted.

Some charting softwares have three lines (ADX, +Di, -Di), whereas others just have ADX:
--The Positive Direction Indicator (+Di) indicates an upward trend movement
--The Negative Direction Indicator (-Di) shows downward trend movement
--The Average Directional Movement Index (ADX) shows whether the market is trending or ranging

Quoting Arbit007
What are the settings to be used on the ADX?
  • #49
  • Oct 31, 2007 3:44pm Oct 31, 2007 3:44pm
Quoting babyfx
The ADX is an oscillator that moves between 0 and 100.
Readings, below 20, indicate a weak trend and above 40, indicate a strong trend but doesn't tell you if a trend is bullish or bearish. It just assesses the strength of the current trend. E.g. a reading above 40 can indicate a strong downtrend as well as a strong uptrend.
Normally the default setting for most ADX is 14, but it can be adjusted.

Some charting softwares have three lines (ADX, +Di, -Di), whereas others just have ADX:
--The Positive Direction Indicator (+Di) indicates an upward trend movement
--The Negative Direction Indicator (-Di) shows downward trend movement
--The Average Directional Movement Index (ADX) shows whether the market is trending or ranging
thnx
  • #50
  • Oct 31, 2007 9:55pm Oct 31, 2007 9:55pm
Quoting Breeze
Good nite all...i have a long pending order @ 239.41....lets see if it will be filled when i wake up.

Profitable trading
Breeze
goodmorning everyone....our order @ 239.41 has'nt been filled....looks like its a waiting game.

and thank you "babyfx"....I need people like you here.....I cant keep up with the pace.
  • #51
  • Oct 31, 2007 9:56pm Oct 31, 2007 9:56pm
Good morning Uncle Breeeze,

Hope you have a good rest.
I'll try to learn as much as I can today, except that I have
to go out soon.

Have fun everyone.
  • #52
  • Oct 31, 2007 10:04pm Oct 31, 2007 10:04pm
Quoting 2008
Good morning Uncle Breeeze,

Hope you have a good rest.
I'll try to learn as much as I can today, except that I have
to go out soon.

Have fun everyone.
Goodmorning my son.....we will overcome.

Breeze
  • #53
  • Oct 31, 2007 10:16pm Oct 31, 2007 10:16pm
Yes, Uncle.

Do not overwork yourself ok.
It's goin to be fun learning and trading together.
Let's relax and be happy.
  • #54
  • Oct 31, 2007 10:26pm Oct 31, 2007 10:26pm
ADX :

I have now changed the settings to 0-100....so it can be easy to understand how it works.
1.Below 20% is a weak trend
2.Above 40% is a strong trend
3.It hepls us to measure the streght of the trend
4.+DI & -DI helps with the direction movement but i dont use them as they fall behind price action most of the time.
5.I'd suggest to start with 0-100 settings before you can adjust to your own settings...just to get used to how it works.
6.Record the readings or save the settings when you go to sleep....and check in the morning when you wake up....to get a sense of whats been going on while you were asleep.

@ the present moment

we have the ADX above 20% and below 40% which can be a "Neutral" trend.check the chart.
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  • #55
  • Oct 31, 2007 10:30pm Oct 31, 2007 10:30pm
Quoting Breeze
Hi all...I have decided that i will also be teaching on how to use "HEDGE" as a "POWERFULL" tool to make your account grow more.....and those who would like to trade "Forex Options" and know all about their spreads...i'll give lessons too.

Profitable trading
Breeze
could i be the first canidates..thks
  • #56
  • Oct 31, 2007 11:15pm Oct 31, 2007 11:15pm
Hi Breeze,
Where do you get the Psycholigical indicator from?
  • #57
  • Edited 11:44pm Oct 31, 2007 11:34pm | Edited 11:44pm
correction to 237.77 happening perhaps. Short @ 239.37. tight sl.

psychological breaks on carry trades.. yep.
USD Est Non Mortuus
  • #58
  • Oct 31, 2007 11:53pm Oct 31, 2007 11:53pm
[quote=Breeze;1692075]goodmorning everyone....our order @ 239.41 has'nt been filled....looks like its a waiting game.

are you long now at 239.41?

THANKS
  • #59
  • Nov 1, 2007 12:09am Nov 1, 2007 12:09am
Hi all....i just came in from a shoort walk its raining out here in Kong Kong....

Ok my long order @ 239.41 is now Open....target projection @ 241.24

psychological line holding above 55%....recorvery is due soon...above 60% were in an uptrend

ADX....still neutral @ 32%...a bounce above 35% will signal a "Bulls" building up positions.

The reason for my long position is : as long as the psycological line is holding above 50% were still going up...The Uptrend is still intact.

Profitable trading
Breeze
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  • #60
  • Nov 1, 2007 12:20am Nov 1, 2007 12:20am
long @ 239.41....target 2 241.24.....but we will be lockinn profits along the way to 241.24

Profitable trading
Breeze
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