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

  • #54,721
  • Dec 12, 2007 1:24pm Dec 12, 2007 1:24pm
Quoting fourxtrader
You can read about the definition of a pin bar at this thread.

http://www.forexfactory.com/showthread.php?t=4246

A pin bar or doji has an open and close very close together and
can't be confirmed until the close of the current bar or candle.

We won't see a pin par or doji on this 4hr unless it closes around ~229.57.

That's 30 pips away.

There are several well displayed elsewhere on the 4hr chart.

muchos gracias!
  • #54,722
  • Dec 12, 2007 1:36pm Dec 12, 2007 1:36pm
Quoting kdoubled01
these is a chance for anybody who wants to join the train. I av locked my proffit +100 pips. Av opened another short. 227.85 is my destination b4 thinking of any long
Don't forget this is triple interest Wed. on a bull day!
Expect to see a last minute run on GJ. Not sure how far it will run but a close above 230.20 area would sure set the stage for a touch of the 50% fib line and possibly higher. . .

Just my 2cents - Good luck!
  • #54,723
  • Edited 1:40pm Dec 12, 2007 1:39pm | Edited 1:40pm
Quoting karmostaji
I use auslanco's indicators, if you see when we were at the 50% fib, 15m QQE was in overbought area, 30m QQE was nearing OB area, and 1H QQE was close to 50 line, it touched the 50 line and once it crosses downwards, we should see more downward movement. 4H QQE tells us the intra-day trend.. so for now it's bearish

I just use the basics auslanco has provided us at the beginning of the thread, the rest of the upgrades I don't use em.

What are the smoothing factors on your QQEs you use? 5 and 60, or just 5?
  • #54,724
  • Dec 12, 2007 1:46pm Dec 12, 2007 1:46pm
Q, Could pls explain me what is Triple Interest day. I am not finding it through google.

Quoting quecee5
Don't forget this is triple interest Wed. on a bull day!
Expect to see a last minute run on GJ. Not sure how far it will run but a close above 230.20 area would sure set the stage for a touch of the 50% fib line and possibly higher. . .

Just my 2cents - Good luck!
  • #54,725
  • Dec 12, 2007 1:54pm Dec 12, 2007 1:54pm
Quoting sieb_ila
Q, Could pls explain me what is Triple Interest day. I am not finding it through google.

Interest differentials get settled today. See www.babypips.com.
  • #54,726
  • Dec 12, 2007 2:00pm Dec 12, 2007 2:00pm
Quoting kdoubled01
these is a chance for anybody who wants to join the train. I av locked my proffit +100 pips. Av opened another short. 227.85 is my destination b4 thinking of any long
  • #54,727
  • Dec 12, 2007 2:04pm Dec 12, 2007 2:04pm
Quoting helvalleohen
waiting for signal then i ride down with ya'all
  • #54,728
  • Dec 12, 2007 2:04pm Dec 12, 2007 2:04pm
Quoting sieb_ila
Q, Could pls explain me what is Triple Interest day. I am not finding it through google.
Every Wed. @ 5 p.m. you recieve triple interest on a long position held to the next day rollerover. . .

On a short position you pay triple interest on that position if held after the Wed. business day closes (5pm). . .
  • #54,729
  • Dec 12, 2007 2:11pm Dec 12, 2007 2:11pm
Quoting dagoods
waiting for signal then i ride down with ya'all
usd/jpy looks like in a minor downtrend now maybe gj falls with it if it goes
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy pf 5m.gif Size: 11 KB
  • #54,730
  • Dec 12, 2007 2:14pm Dec 12, 2007 2:14pm
thanks
Quoting birdt
Interest differentials get settled today. See www.babypips.com.
  • #54,731
  • Dec 12, 2007 2:15pm Dec 12, 2007 2:15pm
[quote=quecee5;1756545]Every Wed. @ 5 p.m.EST you recieve triple interest on a long position held to the next day rollerover. . .

On a short position you pay triple interest on that position if held after the Wed. business day closes (5pm). . .[/quote
  • #54,732
  • Dec 12, 2007 2:15pm Dec 12, 2007 2:15pm
Quoting quecee5
Every Wed. @ 5 p.m. you recieve triple interest on a long position held to the next day rollerover. . .

On a short position you pay triple interest on that position if held after the Wed. business day closes (5pm). . .
tnx
  • #54,733
  • Dec 12, 2007 2:16pm Dec 12, 2007 2:16pm
Quoting dagoods
usd/jpy looks like in a minor downtrend now maybe gj falls with it if it goes
Simple Price action on the 4 hour chart showed that. It blew past light support and now 228 is the next target although I am unsure as to how it will react as it approaches that level.

same thing went for the Usd/Jpy. Price action noted a reversal at the top.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour pa dagoods yo'.gif Size: 14 KB
I dream, therefore I become.
  • #54,734
  • Dec 12, 2007 2:18pm Dec 12, 2007 2:18pm
I guess we are going to see 221 and 223 after all.

Dow is very bearish. At least I got the daily candle for Dow correct
  • #54,735
  • Dec 12, 2007 2:19pm Dec 12, 2007 2:19pm
Dow came down hard from bout 200 up day..Maybe once those interest are paid could see some retracements..
Lets make sum!
  • #54,736
  • Dec 12, 2007 2:23pm Dec 12, 2007 2:23pm
Quoting uncleforex
I guess we are going to see 221 and 223 after all.

Dow is very bearish. At least I got the daily candle for Dow correct
Not before 233 or 235 uncle
  • #54,737
  • Dec 12, 2007 2:34pm Dec 12, 2007 2:34pm
Quoting forexnovice
Not before 233 or 235 uncle
It is either 223 or 233

Im more of a bear though. Let's c how.
  • #54,738
  • Dec 12, 2007 2:40pm Dec 12, 2007 2:40pm
Quoting uncleforex
It is either 223 or 233

Im more of a bear though. Let's c how.
Lol.. Good Night All
  • #54,739
  • Dec 12, 2007 2:41pm Dec 12, 2007 2:41pm
a pinbar on 4hour?

Dagoods, good call!

you picked a good one on the 4hour. A good signal to respect.

I didn't expect it could correct that much but it certainly made
a strong confirmation.
  • #54,740
  • Dec 12, 2007 2:41pm Dec 12, 2007 2:41pm
av locked my profit again +100. av set a trailing stop of 40 pips till i reach my target 227.85 b4 thinking of any long
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