For those of you that just joined, can you see my trades? I don't wanna be spending time on my fxmanager and nobody could see anything. I just made 30 quick pips. 
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #51,106
- Nov 21, 2007 10:31am Nov 21, 2007 10:31am
- | Joined Dec 2006 | Status: Trader | 1,556 Posts
For those of you that just joined, can you see my trades? I don't wanna be spending time on my fxmanager and nobody could see anything. I just made 30 quick pips.
You just gave us the link 12 posts ago. You need to give people a chance to register and log in. A Karmo patience pill would definitely be helpful right now.
M2B
- #51,107
- Nov 21, 2007 10:41am Nov 21, 2007 10:41am
Are you talking about the TRIX indicator? Yes. Make sure you download both the indicator and the signal. If you just download the signal nothing will appear. Whenever you download a new indicator to your platform you have to shut your platform off and turn it back on for the indicators to appear. Mine is working fine.
M2B
Yup, thanks for posting that Trix indicator with signal dots. I will be tinkering with it on my 4hr reversal strategy. It helps to pick tops and bottoms.
I am slightly upset that I only got 240 pips last night after shorting at 227.20 I had TP at 224.80 and we blew right past. Oh well, green pips are green pips.
I am looking at a 4hr 5sma retrace to get back on the short bus
so I took a super super small long position to ride the retrace for fun.224 will should provide some decent resistance now that it is broken, but we are due a 5sma weekly retrace.
The only thing that has me nervous about shorts for the rest of the week is that we have not had a weekly bar close below the 100sma since 2005. and we have had 3 down weeks in a row. We haven't had 3 bear weeks since that same time in 2005. Rergression channels are showing a high % of temporary reversal, by temporary I mean the rest of the week.
Of course we didn't have this subprime issue then in 2005 so the bottom may indeed fall out. If the bottom does fall out look toward 212 (the weekly 200sma) as where it will stop eventually. This is some weeks away though as we chop up and down. Markam has been preaching this for a long time
I'm posting a weekly chart for academic purposes, please nobody trade based on this.
- #51,109
- Nov 21, 2007 10:45am Nov 21, 2007 10:45am
Yup, thanks for posting that Trix indicator with signal dots. I will be tinkering with it on my 4hr reversal strategy. It helps to pick tops and bottoms.
I am slightly upset that I only got 240 pips last night after shorting at 227.20 I had TP at 224.80 and we blew right past. Oh well, green pips are green pips.
I am looking at a 4hr 5sma retrace to get back on the short bus
224 will should provide some decent resistance now that it is broken, but we are due a 5sma weekly retrace.
The only thing that has me nervous about shorts for the rest of the week is that we have not had a weekly bar close below the 100sma since 2005. and we have had 3 down weeks in a row. We haven't had 3 bear weeks since that same time in 2005. Rergression channels are showing a high % of temporary reversal, by temporary I mean the rest of the week.
Of course we didn't have this subprime issue then in 2005 so the bottom may indeed fall out. If the bottom does fall out look toward 212 (the weekly 200sma) as where it will stop eventually. This is some weeks away though as we chop up and down. Markam has been preaching this for a long time
I'm posting a weekly chart for academic purposes, please nobody trade based on this.
- #51,110
- Nov 21, 2007 10:47am Nov 21, 2007 10:47am
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
- #51,113
- Nov 21, 2007 10:55am Nov 21, 2007 10:55am
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
- #51,116
- Edited 11:11am Nov 21, 2007 11:07am | Edited 11:11am
Lep,whats the highest this thing can go today i m looking at a liitle above 224 andthen down. i should have listened to your analysis i stayed long hoping this thing would touch 229 but oh well.
I'd say 224 is max unless we get an hourly bar close above it then you are looking at the old brick wall of 227 area next (23.6% retrace) 4hr 50 ema is at 228 area now but will be 227 area by the time we get there. Confluences are always strong.
Downwards I dont see anything really in the way until 220, hence why I am bearish biased for now. Holidays always make this more difficult. We may just chop and consolidate until Friday. There is a chance we could get to 229/230 area if bulls get on fire its a 38.2% retrace, but not today.
My fibos may be off from others, because I base them off non lag zig zag off 4hr charts, but its what I am accustomed too.
- #51,119
- Nov 21, 2007 11:16am Nov 21, 2007 11:16am
My Weekly 5SMA is just above 231. I don't see that happening this week. My guess is that next week we could have a Weekly 5SMA touch, which at that point will probably be down in the 228 area. I just can't see this week ending up as a bull candle. We do have some great bullish divergence setting up on the 4H Chart and some of the other lower TFs. Here is the 4H.
M2B
I really need to learn momentum analysis, it would certainly help. Harmonic patterns and divergences are on my list as well. Thats why I appreciate the different analysis methods on this thread.
- #51,120
- Nov 21, 2007 11:17am Nov 21, 2007 11:17am
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
Ok, I see what you mean now. My smoothing was set up to 5, but the 1, 5, and 60 were showing on the chart. Thank you for helping me set this up correctly.
I fixed it now so the QQE is smoothed to 1 and 1, 5, and 60 are still showing on the chart. The TRIX still crossed down while the QQE didn't.
By the way, how much is the VT software and what broker uses it? Thank you.
