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

  • #50,441
  • Nov 15, 2007 10:17am Nov 15, 2007 10:17am
Quoting lepiricus
Thanks for the post M2B.

Can I ask how you are getting 8hr and 12hr charts in MT4? I see the ODL in the bottom left corner for your screenshots and think that may have something to do with it.

I ask because I want to start playing with 8hr and 12hr charts but dont want to change software necessarily. I like MT4.
try playing with the attached indicator and instructions.. let me know how you go
Attached File(s)
File Type: txt 8hr candles.txt   5 KB | 465 downloads
File Type: mq4 Period_Converter_Opt.mq4   15 KB | 511 downloads
  • #50,442
  • Nov 15, 2007 10:17am Nov 15, 2007 10:17am
Yahoo finance charts update every 10 min. G/J seems to closely follow the Dow and Standard and Pours. You can update it every 10 min.
  • #50,443
  • Nov 15, 2007 10:20am Nov 15, 2007 10:20am
Quoting lepiricus
Thanks for the post M2B.

Can I ask how you are getting 8hr and 12hr charts in MT4? I see the ODL in the bottom left corner for your screenshots and think that may have something to do with it.

I ask because I want to start playing with 8hr and 12hr charts but dont want to change software necessarily. I like MT4.
used period converter indicator
i attached this with it's help for you my budd
Attached File(s)
File Type: ex4 period_converter_opt.ex4   10 KB | 529 downloads
File Type: txt Read Me.txt   5 KB | 485 downloads
  • #50,444
  • Nov 15, 2007 10:24am Nov 15, 2007 10:24am
In case somebody didn't notice, we had a suprise rise in oil inventories. Oil prices and gold are moving down. I would expect the stock market to be up in the afternoon session.
  • #50,445
  • Nov 15, 2007 10:24am Nov 15, 2007 10:24am
Fantastic, thanks Shahroodi and FXstudent!
  • #50,446
  • Nov 15, 2007 10:26am Nov 15, 2007 10:26am
Adding a 34ema to the Auslanco system for 4H only.
I am finding this to be very helpful.
Some of the things Ihave found are --
1. If there is a long consolidation before the candles leave the 34ema you know you have a BIG trade in that direction. Example - Nov. 9 at 8:00GMT. You had permission from the GANN from a long time before but at this point the QQE and MoM say GO also. I also use a MACD - 5,24,1 to verify . They all match at the same point.
2. One of the best points about entering this way is that even those with a very small investment can safely enter with a tiny SL.
3. Where to get out? When the MoM and the macd both turn.
4. Now the direction is retracing back to the 34. Is it safe to get back in going up? Wait untill the GANN crosses and immediately get in again (Nov.11 at 15:00 GMT) and ride back up to the 34ema and get out.
5. Now it is safe to get right back in again as soon as the first candle closes below the 34ema. Make sure your SL is just above the 34ema. and you are in for another ride down. There is usually a larger SL needed when entering on the pull back to the 34 ema.
Works for me! What do you think?
  • #50,447
  • Nov 15, 2007 10:29am Nov 15, 2007 10:29am
Markam do you expect GJ to down to 225 level overnight as per Aus's prediction?
  • #50,448
  • Nov 15, 2007 10:33am Nov 15, 2007 10:33am
Quoting markam
In case somebody didn't notice, we had a suprise rise in oil inventories. Oil prices and gold are moving down. I would expect the stock market to be up in the afternoon session.
This will make for some profit taking and a resumption of the bull run into 08 imvho
Patience + Humility + Study = Success
  • #50,449
  • Nov 15, 2007 10:43am Nov 15, 2007 10:43am
Fundamentals are bearish
Technicals are bullish

I say we continue ranging lol
Trade what you see, not what you think.
  • #50,450
  • Edited 10:58am Nov 15, 2007 10:45am | Edited 10:58am
Quoting markam
In case somebody didn't notice, we had a suprise rise in oil inventories. Oil prices and gold are moving down. I would expect the stock market to be up in the afternoon session.
That would go along with the 12H Momentum and the new 8H Momentum which just changed at 11AM EST (1600 GMT) and is very bullish.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 8h.gif Size: 34 KB
  • #50,451
  • Nov 15, 2007 10:46am Nov 15, 2007 10:46am
I was thinking, you know what this thread is missing?

Ichimoku experts.

Ichimoku is fascinating to me for the fact that it can be used as a leading indicator to predict and forecast the market, find S&R etc.

If anyone knows someone who dabbles in ichimoku ask them to pop in
  • #50,452
  • Nov 15, 2007 10:51am Nov 15, 2007 10:51am
http://www.livecharts.co.uk/trinframe.htm

Hi guys great thread!! when the trin starts rising and +1000 ticks hits know that dows going south, unlike yahoo stats that do every xmins this just needs a refresh, cheers and keep it up !!
scale in, scale out
  • #50,453
  • Nov 15, 2007 11:00am Nov 15, 2007 11:00am
I know the 8h n 12h momentum is all bullish, but I think we can see a re-test of the low before the upward movement starts.
Trade what you see, not what you think.
  • #50,454
  • Nov 15, 2007 11:00am Nov 15, 2007 11:00am
I wonder when oil will break the $100 barrier.. good news on supplies, it might keep it below 100 for a while.. we will see.
  • #50,455
  • Nov 15, 2007 11:02am Nov 15, 2007 11:02am
Quoting vinesh2
Markam do you expect GJ to down to 225 level overnight as per Aus's prediction?
Bro,
This is what Aus think....about 225.

AUS's POST
We are currently on a bullish 12hr momentum until 00.00GMT.
However I still believe the price could reach 225 area by Tokyo start. I still got 1/4 of my original position down from 230.10 to 225 with stop loss at 227.50. I'm done for the day. See you guys tomorrow. Happy hunting
__________________
http://www.pnwenterprises.com/auslanco
Success has a Thousand Fathers.
  • #50,456
  • Nov 15, 2007 11:04am Nov 15, 2007 11:04am
Quoting karmostaji
I know the 8h n 12h momentum is all bullish, but I think we can see a re-test of the low before the upward movement starts.
IMO i beleve your right think it will pull down to 225.80 area then reverse and test 232.00 area think of buying on a break of 228.00 just above 20 sma if it plays out like this ,,

what your thoughts karmostaji on the possible up side top if it reverse
  • #50,457
  • Nov 15, 2007 11:05am Nov 15, 2007 11:05am
the 20 sma on the 4 hour chart
  • #50,458
  • Nov 15, 2007 11:09am Nov 15, 2007 11:09am
i would rather go long on eur/jpy than gbp/jpy at the moment.. the inflation report will hurt the GBP i think
  • #50,459
  • Nov 15, 2007 11:10am Nov 15, 2007 11:10am
Quoting kayman
Bro,
This is what Aus think....about 225.

AUS's POST
We are currently on a bullish 12hr momentum until 00.00GMT.
However I still believe the price could reach 225 area by Tokyo start. I still got 1/4 of my original position down from 230.10 to 225 with stop loss at 227.50. I'm done for the day. See you guys tomorrow. Happy hunting
__________________
http://www.pnwenterprises.com/auslanco
Very good assessment. . .

Price will hit 224.70's then bounce from there.
Then we can expect it to go back up from there as I am expecting USD/JPY to revisit 112.00/112.50 area and GU may retrace back up a bit after possibly reaching 2.0400's. Don't think it's going much below that today but it could attempt 2.0370's in later sessions. . .

Gd luck all and I aprreciate all the post/analysis/comments etc. . . from both long and short perspective. I think this is a very good learning thread and its been a treat for me to say the least. . .
  • #50,460
  • Nov 15, 2007 11:30am Nov 15, 2007 11:30am
Please note that Geppy was already 226.69 just 90 min ago.
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