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

  • #51,381
  • Nov 25, 2007 8:52pm Nov 25, 2007 8:52pm
Quoting quecee5
Pip_Cruiser, that's what I'm seeing as well. . .
Daily pivot is 223.13
4hr pivot is 223.96
1hr pivot is 224.04

http://www.actionforex.com/forex_ana..._200603215764/
Here's how the daily pivots are being calculated at that web site:

"Daily pivots are calculated from previous day's high, low, close which ends at 5pm est or 21pm GMT."

So it's using 17:00 EST as the starting time for the calculation, even though the Asian session starts at 19:00 EST. In doing so, it doesn't pull in the most recent 24 hours of data.

But either way, price is still well above the daily pivot point. And our main resistance to the north is the 1hr 100sma, which may or may not yield today.
  • #51,382
  • Nov 25, 2007 9:03pm Nov 25, 2007 9:03pm
exit 223.27 its about time looking to go long from here
  • #51,383
  • Nov 25, 2007 9:07pm Nov 25, 2007 9:07pm
scale out half stop to break-even
  • #51,384
  • Nov 25, 2007 9:12pm Nov 25, 2007 9:12pm
stopped out on secound half still looks like a good buy but I'll just chill
  • #51,385
  • Nov 25, 2007 9:19pm Nov 25, 2007 9:19pm
looks as if that would have been a good by things should slow down here for a while see you in london
  • #51,386
  • Nov 25, 2007 9:20pm Nov 25, 2007 9:20pm
I wish price had nose dived a couple minutes earlier, then we would have had an hourly close beneath the pivot. As it is, we have a 15min close below it, and can watch to see if price has a hard time getting above it now. That would be a good bearish sign. It's probably premature to go short at the moment.
  • #51,387
  • Nov 25, 2007 9:21pm Nov 25, 2007 9:21pm
Quoting 59fender
stopped out on secound half still looks like a good buy but I'll just chill
can anyone advise me why i am getting arrows every/other bar.Just got a green arrow.Thanks
  • #51,388
  • Nov 25, 2007 9:21pm Nov 25, 2007 9:21pm
expecting 225.00 at some point peace 59
  • #51,389
  • Nov 25, 2007 9:25pm Nov 25, 2007 9:25pm
Quoting mentone3
can anyone advise me why i am getting arrows every/other bar.Just got a green arrow.Thanks
Which time frame?
  • #51,390
  • Nov 25, 2007 9:28pm Nov 25, 2007 9:28pm
Quoting Pips_Cruiser
Which time frame?
15m using VT system.
  • #51,391
  • Nov 25, 2007 9:31pm Nov 25, 2007 9:31pm
Quoting mentone3
15m using VT system.
I think you have it set up wrong, if you really have it on a 15min chart.

Are you using 28 and 2 for the settings?
  • #51,392
  • Nov 25, 2007 9:34pm Nov 25, 2007 9:34pm
Quoting Pips_Cruiser
I think you have it set up wrong, if you really have it on a 15min chart.

Are you using 28 and 2 for the settings?
Yes!
  • #51,393
  • Nov 25, 2007 9:36pm Nov 25, 2007 9:36pm
Quoting 59fender
expecting 225.00 at some point peace 59
Looks like it bounced off 4hr support @ 223.45 and should go to 225 at some point unless it falls below daily pivot of 223.13. . .

I'm long until I see a drop below daily pivot which would definitley be bearish for this pair. I have a feeling we will see choppy price action until London and US start trading.
  • #51,394
  • Nov 25, 2007 9:36pm Nov 25, 2007 9:36pm
Quoting mentone3
Yes!
Just got pink arrow
  • #51,395
  • Nov 25, 2007 9:55pm Nov 25, 2007 9:55pm
Quoting Pips_Cruiser
Here's the whole thing then. Compare it closely to yours.
Trailing Stop Level Mode is blank does not have the word volatility as shown in yours.When i click on drop down box Trailing Stop Level Mode is highlighted blue only.
  • #51,396
  • Nov 25, 2007 9:56pm Nov 25, 2007 9:56pm
Quoting quecee5
Looks like it bounced off 4hr support @ 223.45 and should go to 225 at some point unless it falls below daily pivot of 223.13. . .

I'm long until I see a drop below daily pivot which would definitley be bearish for this pair. I have a feeling we will see choppy price action until London and US start trading.
I am gonna wait for the candle in the 1h to close above 50 ema, I am going long then.
  • #51,397
  • Nov 25, 2007 10:01pm Nov 25, 2007 10:01pm
I see a slight decline to 223.35 before a strong surge to 225's level
  • #51,398
  • Edited 10:24pm Nov 25, 2007 10:07pm | Edited 10:24pm
Quoting Adwa
I am gonna wait for the candle in the 1h to close above 50 ema, I am going long then.
I'm long since 221.50's so I'm waiting to see if it gets back above 4hr pivot of 223.96. If it does then next targets are possibly 224.60's/225, then possibly 226 in London/US session depending what London does and then how the Dow trades 2morrow.

Right now the markets still feels a bit jittery so any rumor of credit problems could send this pair in a downward direction.

There is currently a rumour on the wire that China could invest in Japanese stocks, supposedly thats the reason for the last rapid drop in the crosses and yen buying. . .
  • #51,399
  • Nov 25, 2007 10:19pm Nov 25, 2007 10:19pm
Quoting mentone3
Trailing Stop Level Mode is blank does not have the word volatility as shown in yours.When i click on drop down box Trailing Stop Level Mode is highlighted blue only.
Near the bottom of this web page:

http://www.pnwenterprises.com/auslanco/downloads.htm

there's a custom download you should be using:

VT_Stop_Level_Reverse_System_Modified.vttrs

Send me a PM if you need more help.

  • #51,400
  • Nov 25, 2007 10:43pm Nov 25, 2007 10:43pm
Quoting Pips_Cruiser
Near the bottom of this web page:

http://www.pnwenterprises.com/auslanco/downloads.htm

there's a custom download you should be using:

VT_Stop_Level_Reverse_System_Modified.vttrs

Send me a PM if you need more help.

PC got it to work.I deleted the saved SLR and imported a new one above.Many thanks for your assistance.As usual u r always willing to help.May d pips b with u 2day & always.
Thanks again.
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