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

  • #51,301
  • Nov 23, 2007 12:34pm Nov 23, 2007 12:34pm
  •  DBE
  • | Joined Apr 2007 | Status: Pippin for a givin' | 45 Posts
Quoting mike w
Price just closed at this level and so this hour, and into the next, are going to tell whether it moves through or back down. I am still looking for the downside, with this hour closing as a bearish engulfment. If not, as I've said before, I'm going to ride my bike off a cliff.
LOLOLOL! make sure it's a short cliff...we need you around here...
  • #51,302
  • Nov 23, 2007 12:37pm Nov 23, 2007 12:37pm
Quoting arezab
Dear Mike,

I'm with you, I like fibs because they are proven mathematically to be right , at least more professional than sma 50 100 or 200. I also dont know why everybody is using these ma's. may be as you said they are round numbers, I dont know ...

by the way, is it possible for you to send that indi which you mentioned showing dynamic fibs on the chart. I use static flat fibs but I think yours is more precise because it moves with price.

thanks for help.
Sure thing, I'll send you a PM in just a moment.
I dream, therefore I become.
  • #51,303
  • Nov 23, 2007 12:38pm Nov 23, 2007 12:38pm
Can someone tell me how to project target on bullish butterfly and also will the attachments also show me the set up on a bear bat. Thanks to anyone who can help
{Spam Removed}
  • #51,304
  • Nov 23, 2007 12:48pm Nov 23, 2007 12:48pm
Quoting mike w
Right you are, Pips Cruiser. Here is what I am looking at for the moment, which is why I could see a bounce back downwards coming before price breaching this level. Thanks for your reasoning about 223.60 as well. I don't really look at MA's too often other than the ones that I am currently using, which create dynamic fib levels for me. Could you tell me why the 50, 100, and 200 moving average points hold value? Is it just because of the round numbers they hold, which makes people more keen to use them or is it something else entirely?
I've wondered about that recently, too. It could be "big boy" buyers / sellers who are reluctant to go beyond a certain average price. Or some mathematical confluence of fibs and MA's. Aus uses the 1hr 100sma in one of his strategies, and Hakuna Matata uses 25 - 200 ema's and sma's in his. I guess when a person finds something that works for them, they tend to use it. One interesting thing I've noticed about those MA's, is that the higher they are, the more potent the support and resistance. But why they work is still mysterious, much like "why" fib numbers work in charts and in the real world (or why they sometimes don't).
  • #51,305
  • Edited 1:00pm Nov 23, 2007 12:54pm | Edited 1:00pm
Quoting Saintjay
Can someone tell me how to project target on bullish butterfly and also will the attachments also show me the set up on a bear bat. Thanks to anyone who can help
Hi,

If you have MT4 you can use the attched indicator & if there is any harmonic patterns in the make it will paint it for you as well as the box.

I don't know about any other platform indicators, so I cannot help you with there.
Additionally I have included a sheet that has pictures showing the various patterns.

Regards

Scott

I found this picture somewhere on FF, possibly from the harmonic thread, I cannot remeber who.
Attached Image (click to enlarge)
Click to Enlarge Name: Harmonic Picture Chart.jpg Size: 139 KB
Attached File(s)
File Type: mq4 ZUP_v61_beta.mq4   230 KB | 457 downloads
File Type: ex4 ZUP_v61_beta.ex4   209 KB | 427 downloads
Le singe est dans l'arbre
  • #51,306
  • Nov 23, 2007 1:03pm Nov 23, 2007 1:03pm
Quoting Pips_Cruiser
I've wondered about that recently, too. It could be "big boy" buyers / sellers who are reluctant to go beyond a certain average price. Or some mathematical confluence of fibs and MA's. Aus uses the 1hr 100sma in one of his strategies, and Hakuna Matata uses 25 - 200 ema's and sma's in his. I guess when a person finds something that works for them, they tend to use it. One interesting thing I've noticed about those MA's, is that the higher they are, the more potent the support and resistance. But why they work is still mysterious, much like "why" fib numbers work in charts and in the real world (or why they sometimes don't).
I agree that people will use whatever works for them, which is common sense to most- I hope. The reason that the higher averages work better than the lower averages is because they are the average of the last 100 or 200 trading bars. That's just an example, but I think it's a good one. For instance a 25 sma is only counting the last 25 trading bars, whereas a 100 sma is averaging the last 100, which makes it stronger. I am going to go into detail, perhaps in another thread, as to why fibs work through just about everything. It's actually crazy how they were developed in the first place.
I dream, therefore I become.
  • #51,307
  • Nov 23, 2007 1:05pm Nov 23, 2007 1:05pm
Quoting mike w
I agree that people will use whatever works for them, which is common sense to most- I hope. The reason that the higher averages work better than the lower averages is because they are the average of the last 100 or 200 trading bars. That's just an example, but I think it's a good one. For instance a 25 sma is only counting the last 25 trading bars, whereas a 100 sma is averaging the last 100, which makes it stronger. I am going to go into detail, perhaps in another thread, as to why fibs work through just about everything. It's actually crazy how they were developed in the first place.
I'll be watching for it. I'm always open to learning something new!

  • #51,308
  • Nov 23, 2007 1:06pm Nov 23, 2007 1:06pm
Quoting hi6hlander
Hi,

If you have MT4 you can use the attched indicator & if there is any harmonic patterns in the make it will paint it for you as well as the box.

I don't know about any other platform indicators, so I cannot help you with there.
Additionally I have included a sheet that has pictures showing the various patterns.

Regards

Scott

I found this picture somewhere on FF, possibly from the harmonic thread, I cannot remeber who.
Thanks bro very helpfull....
{Spam Removed}
  • #51,309
  • Nov 23, 2007 1:16pm Nov 23, 2007 1:16pm
I think here is still place for some bears...
Work smart not hard
  • #51,310
  • Nov 23, 2007 1:35pm Nov 23, 2007 1:35pm
looks like the market is having leftover turkey. dow, nasdaq, s&p are all up and we r stuck. have a good weekend all
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #51,311
  • Nov 23, 2007 2:45pm Nov 23, 2007 2:45pm
Quoting MoForce
Time to long G/J just failed to break to the downside of the wedge and bounced off the support line....I'm aiming for 223.50-224 first
Thank you for your accurate analysis!
Your..and others seniors input is what makes this thread soo great!
(even if some fallen asleep!)

Thank you for your good work!

Keep it up, I'm sure a lot of traders are grateful to you!
Cheers!
  • #51,312
  • Nov 23, 2007 3:29pm Nov 23, 2007 3:29pm
Quoting brucehvn
The ZUP indicator also has a great feature for drawing dynamic and static fibs. At least the versions 67 and 69 that I have can do it. Dynamic fibs are drawn from the most recent swing hi/lo that maybe has not completed yet and the static fibs are drawn from the most recent completed swing hi/lo.

To use the fib drawing, use the following settings:
ExtFiboDinamic = true;
ExtFiboStatic = true;
ExtFiboType = 0;

It really does a great job.

Attached is an example.

Bruce
Bruce, Thank you for all the great info you give to this forum. Without your programming skills most of us would be left w/o any options. This one does do fibs really well. Nikki
  • #51,313
  • Nov 23, 2007 4:14pm Nov 23, 2007 4:14pm
Anyone here use saxo bank??

I got some messed up price jus come up onit :S
  • #51,314
  • Nov 23, 2007 4:20pm Nov 23, 2007 4:20pm
I am using Saxo bank
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  • #51,315
  • Nov 23, 2007 4:22pm Nov 23, 2007 4:22pm
Quoting Badmash
Anyone here use saxo bank??

I got some messed up price jus come up onit :S
Well it was ok when I was on trade , I closed positions 3 hours ago.
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  • #51,316
  • Nov 23, 2007 4:28pm Nov 23, 2007 4:28pm
Quoting Pinkpanter
Well it was ok when I was on trade , I closed positions 3 hours ago.
what price is GJ showing now?

at close it shot up to 231.28
  • #51,317
  • Nov 23, 2007 4:32pm Nov 23, 2007 4:32pm
Yes .Its showing 231.28.WOW
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  • #51,318
  • Nov 23, 2007 4:32pm Nov 23, 2007 4:32pm
Quoting Pinkpanter
Yes .Its showing 231.28.WOW
its showing that for all the USD pairs on mine :S
  • #51,319
  • Nov 23, 2007 5:19pm Nov 23, 2007 5:19pm
im still having problem with saxobank... anyone with news?

Quoting Badmash
its showing that for all the USD pairs on mine :S
  • #51,320
  • Nov 23, 2007 5:31pm Nov 23, 2007 5:31pm
Quoting Pinkpanter
Yes .Its showing 231.28.WOW
Price after close is showing @ 223.257. . .

http://www.xe.com/
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