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

  • #56,741
  • Dec 31, 2007 8:31am Dec 31, 2007 8:31am
Quoting quecee5
Good thought process. . .
Typically price wants to come back to the middle of high/low before deciding a direction, therefore I believe the fall started from 228.30 with a low of 223.13 using simple average calculations would yield 225.75.

If you look at the 4 hr chart and 5 sma/mom's, mom's it pointing up, price is supported by 5 sma (225.25) and is pointing toward 21 sma. If you flip to the daily chart looks like 5 sma (225.75/80) will act as resistance but a break/close above daily pivot (225.31) would target daily r1 @ 226.50. Also, daily mom's pointing up but looks rather weak so not sure if GJ will have the strength to push above daily 5 sma, or up to daily r1. . .

My two cents and simple method. . .
queecee is here!!!!! yes!!!!!!!
now we can get down to busniness!!!!! so thats your secret system!!!!



have you read skunnys indicator free trading thread yet? worth checkin out methinks....



HAPPY NEW YEAR all!!!!!
  • #56,742
  • Dec 31, 2007 8:31am Dec 31, 2007 8:31am
Quoting dagoods
how do i post indicators?

Just upload them like images with the "manage attachment" button. I've put the three I have already here.

If you could upload the James16 one that would be great!
Attached File(s)
File Type: mq4 cTD Sequential v2.mq4   6 KB | 365 downloads
File Type: mq4 Ind_TD_DeMark_3_1_LA_Mod_03B_AIME.mq4   22 KB | 369 downloads
File Type: mq4 PinI4Bbar AHA 0.2.mq4   11 KB | 400 downloads
  • #56,743
  • Dec 31, 2007 8:54am Dec 31, 2007 8:54am
here ya go

the one that draws the arrows is nice but they in and of themselves are not trade signals.... matter of fact if you read tom demarks book(s) he very clearly states that NONE of his tools are to be considered signals and he reccomends using his tools in combo....so be forewarned..... don't trade a system you don't fully understand.... Tom Demark is a genius but he readily admits that no one tool is a syytem (its only one more tool in your arsenal) and he is pretty adamant about traders coming up with their own system and encourages new creative thinking to expand on his ideas come up with your own..... that being said.... Also, as you already stated these are NOT the trademarked versions of the TD indicators made for tradestation (they are weak imitations) and therefore are subject to programmer error since they were created by programmers here on ff ...For example the TD trendlines are not updated when a new swing low high is made...also the td trrendlines are usually level 1 TLs and therefore suspect many times.... so i like to draw my own trendlnes rather than use the indicator ... I only use the indicator(s) as an initial starting point to get a glimpse of what is going on..... furthermore..... tome demark designed these tools for DAILY CHARTS so I wouldnt trust them on anything lower than 4 hour ...furthermore Tom demark designed these for stocks NOT forex.... but stil valuable for forex but (according to TD) not as reliable as using for stock market...


OK then trade at your own risk!
Attached File(s)
File Type: mq4 cTD Sequential v2.mq4   6 KB | 477 downloads
File Type: mq4 James 16 patterns.mq4   9 KB | 641 downloads
File Type: ex4 TD_AHA Trend Reversal 0_5.ex4   28 KB | 505 downloads
File Type: mq4 Ind-TD-DeMark-3a.mq4   15 KB | 457 downloads
  • #56,744
  • Dec 31, 2007 9:10am Dec 31, 2007 9:10am
Guys any idea on why GJ took a huge dive almost 224.89 to 223.00 in a coupple of hours?
  • #56,745
  • Dec 31, 2007 9:25am Dec 31, 2007 9:25am
Quoting vinesh2
Guys any idea on why GJ took a huge dive almost 224.89 to 223.00 in a coupple of hours?
...for bulls to get better LONG entry to 225.3 and up

Happy new year to ALL on this wonderful thread!!!
  • #56,746
  • Dec 31, 2007 9:34am Dec 31, 2007 9:34am
Quoting vinesh2
Guys any idea on why GJ took a huge dive almost 224.89 to 223.00 in a coupple of hours?

The market was pricing in a bad existing home sales report. When the report was above expections, the market lost direction. I don't expect any further significant action until after the new year starts.
  • #56,747
  • Dec 31, 2007 9:41am Dec 31, 2007 9:41am
Thanks M. Good to see you back.
  • #56,748
  • Dec 31, 2007 9:56am Dec 31, 2007 9:56am
Quoting uncleforex
Closed my g/u long for a nice profit.

Also closed e/g short.

Going to go for new year's dinner so dont wanna leave trades open but still good chance for GBP to gain strength but will check out later.

HAPPY NEW YEAR Everyone!

2008 Here I come!
closed TWO g/u Longs for a very tidy profit as well.
Nice call UF !

Happy New Year to all !!
Many Pips in the 2008
  • #56,749
  • Dec 31, 2007 10:01am Dec 31, 2007 10:01am
Wow! this thing is dropping like a fly. I hope all the longs are using hedges and SL's
  • #56,750
  • Dec 31, 2007 10:01am Dec 31, 2007 10:01am
Quoting l00ser
...for bulls to get better LONG entry to 225.3 and up

Happy new year to ALL on this wonderful thread!!!
I'm riding this GBP/JPY WAVE ALMOST FROM THE TOP TO THE BOTTOM!!! Very nice profits :-) any idea how long this will continue ?
  • #56,751
  • Dec 31, 2007 10:06am Dec 31, 2007 10:06am
Ok guys.. where's Markam??. The world is collapsing.
  • #56,752
  • Dec 31, 2007 10:07am Dec 31, 2007 10:07am
Quoting fourxtrader
What are the values of your green line indicators if I may ask?
Are they moving averages? Looks to be something just under 100 sma.

The GJ keeps bouncing down off of the 35 ema (224.84-89).

Thanks for sharing this chart.

Dr. D.
It's the vegas 1 hr indicator with 4 ema's I got from a trading course, 21,13, 5,6. Helps to determine direction of market. closed my longs earlier, that prediction I made earlier only works with the GPD/USD so far as always going back to the daily pivot.
Attached File(s)
File Type: mq4 Vegas 1Hour.mq4   6 KB | 412 downloads
File Type: ex4 Vegas 1Hour.ex4   6 KB | 326 downloads
  • #56,753
  • Dec 31, 2007 10:07am Dec 31, 2007 10:07am
Quoting markam
The market was pricing in a bad existing home sales report. When the report was above expections, the market lost direction. I don't expect any further significant action until after the new year starts.
Boy, the market can always surprise you. I sure am sorry I closed my short 100 pips ago
  • #56,754
  • Dec 31, 2007 10:10am Dec 31, 2007 10:10am
Hey Aus, good to see you early in the morning Sydney time. Happy New Year. Looks like your New Year has bought about collapse of the civilization. What the hell is going on here with GJ. Craziness all over the place. I think Markam needs to be saluted for this. World is about to collapse
  • #56,755
  • Dec 31, 2007 10:15am Dec 31, 2007 10:15am
I got off too soon, didn't expect it to get so far. Same thing can be seen by other carry trades like NZD/USD. Significant cash out in the last day of the year.
  • #56,756
  • Dec 31, 2007 10:16am Dec 31, 2007 10:16am
Quoting quecee5
Good thought process. . .
Typically price wants to come back to the middle of high/low before deciding a direction, therefore I believe the fall started from 228.30 with a low of 223.13 using simple average calculations would yield 225.75.

If you look at the 4 hr chart and 5 sma/mom's, mom's it pointing up, price is supported by 5 sma (225.25) and is pointing toward 21 sma. If you flip to the daily chart looks like 5 sma (225.75/80) will act as resistance but a break/close above daily pivot (225.31) would target daily r1 @ 226.50. Also, daily mom's pointing up but looks rather weak so not sure if GJ will have the strength to push above daily 5 sma, or up to daily r1. . .

My two cents and simple method. . .
Your two cents adds up! Same location, different directions to get there.
  • #56,757
  • Dec 31, 2007 10:20am Dec 31, 2007 10:20am
We are about to see the lows of Aug 16th 07 at around 221.46 IMO. The way price is behaving. Hope we see a bounce like Aug 17th all the way up to 228's and then a crash lol!
  • #56,758
  • Dec 31, 2007 10:27am Dec 31, 2007 10:27am
Quoting auslanco
Large fall beyond 221.26 is coming ....IMO
You said 221.26..during the Tokyo session. And we get 221.26. What can I say.. You are genious , my friend.
  • #56,759
  • Dec 31, 2007 10:42am Dec 31, 2007 10:42am
How low are we going AUS? 209? who knows
  • #56,760
  • Dec 31, 2007 10:42am Dec 31, 2007 10:42am
[quote=uncleforex;1778349]Closed my g/u long for a nice profit.



Happy new year to you, but we yet to enter into a new year here. i am happy for you, but we will soon join you. I am also out of gu as well but i think it is not end the short position yet. Haaaaaaapppppppppppppppppyyyyyyyyyyy nnnnnnnnnnneeeeeeeeeeeewwwwwwwwwwwwwww yeeeeeeeeeeeeeeeeaaaaaaaaaaaaaaaaaaarrrr in advance.
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