Dislikedhi,
i would like to know how do you manage to set up different colours for fibo retracements on chart, within MT4
thanks ,Ignored
Trade what you see, not what you think.
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
simplest strategy for GBP/ JPY 101 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
strategy HILO on GBP/JPY 406 replies
Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies
Dislikedhi,
i would like to know how do you manage to set up different colours for fibo retracements on chart, within MT4
thanks ,Ignored
Dislikedthanks again. i hv looked at the strategy but the problem is that i am unable to find following:
Level stop Reverse version2
values: ATR Periods 9
ATR Multiplier 3
finally QQE alert
values: Smoothing Factor 60.
i am using vt charts and i tried to find there but i couldnt.
i couldnt get it from aus's thread as i am using windows vista probably that could be the reason i couldnt find the file.
please advise.
regards
kenneithIgnored
Dislikedhi,
i would like to know how do you manage to set up different colours for fibo retracements on chart, within MT4
thanks ,Ignored
DislikedHi
I like to thank every participant for his support to this thread--- Your help is needed-- I installed the indicator ZUP V67.... but It didn't open when I tried to use it on my chart--- Could somebody helps me in what to do to make this indicator working--ThanksIgnored
DislikedHey Karmo. there are just a few hours remaining to the end of the week and I can see the possibility of a "doji" candle forming on the GBPJPY weekly chart. Is this a sign of a pending major reversal or a sign that this pair is just beginning to loose its bullish steam? On the daily chart I also see that 239.60ish has been a tough one to crack.
Any new suggestions on what to expect in the next coming days?Ignored
DislikedHi all,
I'm going to explain the strategy I use to trade GJ and I'm going to be posting my weekly/daily analysis of this pair.
I don't use anything fancy, I use some basic stuff that most traders use and some common sense
The indicators I use are:
- Fibonacci retracement levels
- Trendlines/Channels
- 5 period simple MA
- Candlestick patterns
- Support/Resistance levels
- Momentum
As you can see it's all simple and basic stuff except maybe for the fibonacci retracement, because every trader could use it differently. If you have any doubts about any of the stuff I use, either ask or just do a simple google search and you'll find plenty of information about them.
Using the fibonacci retracement on different timeframes (1H, 4H, Daily, Weekly) is very important, because sometimes some of them overlap and that tells us where we might find strong support/resistance. I'll post some examples.
If you have been following my posts on Auslanco's thread, you will know that we use the 5SMA for a good entry point when a retracement occurs (Thank you Auslanco).
Most of the time, I trade based on the 4H chart, but I keep an eye on the daily chart and sometimes the weekly chart. I use the 1H chart for a good entry point. Any TF less than 1H has a lot of noise and it is very risky trading GJ on very small TF's.
Using stop-loss, I always wait for my trade to go in my direction for about 50-100 pips before I move my SL and lock in a very small # of pips (10) and then just let it run until it reaches my TP, this way I don't let a winning trade turn into a losing one, and if my SL gets hit, no worries coz +10 is way better than anything negative
Momentum & 5sma
Before using the Momentum indicator and 5sma, you must have auslanco's QQE indicator. I'll explain how to catch a retracement in this following example:
When QQE 4h is crossed upwards, and QQE 1hr is crossed upwards, and the Momentum at the beginning of the next 1h candle is pointing downwards, price will usually retrace to 1hr 5sma, it's that simple.Ignored
DislikedGJ should be heading towards the bottom of this uptrend channel (235 area), and then possible resuming uptrend towards 238 area.. but we'll have to see if the lower trendline supports or not. I'm short from 236.60 with SL at +1 already.
http://img222.imageshack.us/img222/9889/gjax8.gifIgnored