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

Quoting quecee5

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I use 1hr chart after it has broken the trend line which one could enter, 4hr is typically worth 300-400 pips once confirm when also used with hi/lo gann.

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Quoting ibrahim

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don´t we have aus signal?
qqe 1hr and qqe 4hr crossed up and price above hilo. Plus we have qqe 1 day crossed up.

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Quoting bluemax

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Hmm I dont see it Ibrahim. The last time QQE4 crossed was yesterday morning at 8am EST. The QQE 1 day doesnt appear to have crossed up yet either. Are you using VT? Or maybe Im missing something?

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Quoting moneymagnet

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q,

i put ur zerolag indicator on my 4hr and it has crossed up seemingly with more room to the upside. am i reading this incorrectly?

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Quoting dagoods

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hey q u mentioned a cross but i only see one line on this indicator? am confused can u explain or pm me please thks bud

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Quoting quecee5

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MM,

This is how I use it, I monitor 30min/1hr chart, when 30 min cross thats a signal for me when 1hr cross, then I enter at that specific point. Once 4hr cross then the move may be exhausted at that point or well on its way up or down. . . So I think what you are seeing was that move.

Now take a look at 15 min/30 min and 1hr - looks like the move could be heading down. Using this indicator wait for 30 min to cross to give you the signal, at the point when 1hr is crossing enter for the move down. . .

also, use this indicator in conjunction with 1hr/4hr hi/lo gann. . . play around with it and I'm sure you get the gist of it.

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Quoting vinesh2

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Anyone see Aus's pridiction he is predicting 212 area. He said after break of 205.50 large reversal will come. Today it was at 204.59 and reversed to 209 area. Any comments on his prediction

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Quoting vinesh2

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Anyone see Aus's pridiction he is predicting 212 area. He said after break of 205.50 large reversal will come. Today it was at 204.59 and reversed to 209 area. Any comments on his prediction

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Quoting kujo17

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this retrace up to 212, then a drop passed 204 ?
Or are people seeing a trend reversal all together ?

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Quoting my2buoys

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I posted something on this in post #60019 on the previous page. It's too long to repeat it all here. I think there's a possibility of a range period setting up before a breakout south. Check my post and chart out and see what you think.

M2B

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Quoting my2buoys

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Sorry so late. I needed a break from my computer. I already answered this on the page right before your question. 4H divergence will yield anywhere from 300 to 700 pips, with the average being 500 pips (right in the middle). Remember, divergence is a secondary indicator and should not be used to enter trades by itself. It is very powerful, especially on the higher TFs. I especially like divergence on the 4H chart because price will usually make its run up or down (depending on if it's bullish or bearish divergence) without a whole lot of drawdown. As of this post price has already run up about 450 pips from the latest low around 204.60 to 209.20. When looking for divergence, I always look for it on the lower TFs first, beginning with the 15M. If a divergence appears out of the blue on the 4H I get a bit skeptical. The divergence you see on the 15M, the 30M and then the 1H, will not be at the exact same points as divergence on the 4H, but divergence has a way of building from the lower TFs upward. Sometimes divergence on a lower TF will never materialize on a higher TF. You can trade divergence on lower TFs but you have to study to find the best take profit points for the lower TFs. It might take a day or two for divergence on the 15M chart to materialize on the 4H chart (I'm just guessing here, I haven't studied that aspect of divergence). When I see potential divergence building on the 4H chart, I wait for the lines on MACD to cross, which is the confirming point of divergence IMO, and then I look for an entry on a smaller TF using other indicators like trendline breaks, fib points, or 5SMA retracements. It's important to understand that divergence alone can give head-fakes. That's why I use it for more directional moves instead of entry points. This most recent 4H divergence on GBP/JPY was surprising to me because it came right on the coattails of a bearish divergence which had just followed another bullish divergence. 4H divergences are usually spaced out more and rarely appear back to back, unless the first one ends up being a head-fake. In these three cases we had bullish divergence (570 pips), followed by bearish divergence (600 pips), followed by the divergence we are presently in, which has already run 450 pips and could run another 250 based upon Fibs and Stochastics. We'll just have to wait and see. Though I do not claim to be an expert on the subject, I hope this helps some of you who are interested in how divergence works on GBP/JPY.

M2B

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