Ha, I beat you to the punch Karmo! Lets hope we don't end up with egg on our face
Bulls are at extreme and exhausted, a retracement/consolidation is due before shooting higher.
Trade what you see, not what you think.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #63,481
- Feb 25, 2008 1:15pm Feb 25, 2008 1:15pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Bulls are at extreme and exhausted, a retracement/consolidation is due before shooting higher.
- #63,482
- Feb 25, 2008 1:20pm Feb 25, 2008 1:20pm
I do use auslanco's strategy with my own strategy (TL's, channels, patterns) and it's very very profitable, I dont know of an exact ratio but 80%+
So if you are combining Auslanco's strategy, you basically wait for price to touch the 5SMA in 4 hour or enter as soon as the price touches the 5 SMA on 1 hour?
What if the price proceeds to touch the 5 SMA on the daily after entering, before turning our way. Do we stop out or stay through?
Just wanted to understand the finer refinements.
Thanks,
TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
This is not a single indicator. You already have Fibonacci tool on MT4 platform but you should manipulate the values in levels tab and add your desired descriptions in front of them (as I did), nothing special and easy. You need to enter the following values and their respective descriptions for your fibo tool to exactly show up like mine. .
level description
0 BUY@ %$
0.382 38.2
0.5 %$ - 50.0
0.618 61.8
1 Sell@ %$
0.764 76.4
1.382 Target1 138 = %$
-0.382 Target1 138 = %$
-0.618 Target2 162 = %$
1.618 Target2 162 = %$
2 Target3 200 = %$
-1 Target3 200 = %$
2.382 Target4 238 = %$
-1.382 Target4 238 = %$
-1.618 Target5 262 = %$
2.618 Target5 262 = %$
The demark indicator is attached. I use it on 30M chart and set the LevDP to 12
Cheers
what goes in the level and what goes in the description ? can you please explain a little more ?
Thanks,
Goodbadmas
- #63,484
- Feb 25, 2008 1:40pm Feb 25, 2008 1:40pm
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
hi arezab,
what goes in the level and what goes in the description ? can you please explain a little more ?
Thanks,
Goodbadmas
level description
0 BUY@ %$
0.382 38.2
0.5 %$ - 50.0
0.618 61.8
1 Sell@ %$
0.764 76.4
1.382 Target1 = %$
-0.382 Target1 = %$
-0.618 Target2 = %$
1.618 Target2 = %$
2 Target3 = %$
-1 Target3 = %$
2.382 Target4 = %$
-1.382 Target4 = %$
-1.618 Target5 = %$
2.618 Target5 = %$
Discipline + Patience - Fear - Greed = Success
Yes sure, do it like this ... enter the following value exactly ...
level description
0 BUY@ %$
0.382 38.2
0.5 %$ - 50.0
0.618 61.8
1 Sell@ %$
0.764 76.4
1.382 Target1 = %$
-0.382 Target1 = %$
-0.618 Target2 = %$
1.618 Target2 = %$
2 Target3 = %$
-1 Target3 = %$
2.382 Target4 = %$
-1.382 Target4 = %$
-1.618 Target5 = %$
2.618 Target5 = %$
for all your helpgoodbadmas
- #63,487
- Feb 25, 2008 1:58pm Feb 25, 2008 1:58pm
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
I see this bearish pattern and a retracemet is due for sure ... but I don't jump into a sell yet. It has still room up to 213.12 for this pattern to become mature. Be careful. 
Discipline + Patience - Fear - Greed = Success
- #63,488
- Feb 25, 2008 2:06pm Feb 25, 2008 2:06pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Price is trying to break the top of the Daily Inside Bar (candle) 211.48. I entered long at 211.32 because I believe it will. Confirnmation of the long position will be the break of the top of Weekly Inside Bar of 211.94.
Give it up to : Price Action.
Because it RULES!
Jim
Indicators show the past. Price Action "Indicates" the future.
- #63,489
- Feb 25, 2008 2:11pm Feb 25, 2008 2:11pm
- Joined Jul 2006 | Status: Trader | 4,090 Posts
I think Price Action deserves its proper respects today, gentlemen.
Give it up to : Price Action.
Because it RULES!
Jim
I dream, therefore I become.
- #63,490
- Feb 25, 2008 2:13pm Feb 25, 2008 2:13pm
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
I think Price Action deserves its proper respects today, gentlemen.
Give it up to : Price Action.
Because it RULES!
Jim
Discipline + Patience - Fear - Greed = Success
- #63,491
- Feb 25, 2008 2:13pm Feb 25, 2008 2:13pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
I think Price Action deserves its proper respects today, gentlemen.
Give it up to : Price Action.
Because it RULES!
Jim
Trade what you see, not what you think.
- #63,492
- Feb 25, 2008 2:15pm Feb 25, 2008 2:15pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Fo sho. I think this week will definitely end bullish because of that.
I'm sure yours and karmos longs are looking good now, Mike.
Indicators show the past. Price Action "Indicates" the future.
- #63,493
- Feb 25, 2008 2:17pm Feb 25, 2008 2:17pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Thanks, karmo.
Indicators show the past. Price Action "Indicates" the future.
- #63,494
- Feb 25, 2008 2:18pm Feb 25, 2008 2:18pm
- Joined Aug 2007 | Status: Trader | 2,616 Posts
IBFX seems to be down. Stupid idiots 
- #63,495
- Feb 25, 2008 2:20pm Feb 25, 2008 2:20pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
IBFX seems to be down. Stupid idiots
Trade what you see, not what you think.
- #63,496
- Feb 25, 2008 2:23pm Feb 25, 2008 2:23pm
- Joined Jul 2006 | Status: Trader | 4,090 Posts
I'm sure yours and karmos longs are looking good now, Mike.
You know it man lol Did you have any longs in there or no? I hope so, but if not, there is definitely going to be another good buying point coming up soon, IMO. I'm not sure as to how far of a retrace we should get, but looking at it in waves, I would look to see about 100 pips down at least (211.50), as another buying point. 217, here we come baby.
I dream, therefore I become.
- #63,497
- Feb 25, 2008 2:25pm Feb 25, 2008 2:25pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
You are the man ...
Jim
Indicators show the past. Price Action "Indicates" the future.
- #63,498
- Feb 25, 2008 2:26pm Feb 25, 2008 2:26pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
You know it man lol Did you have any longs in there or no? I hope so, but if not, there is definitely going to be another good buying point coming up soon, IMO. I'm not sure as to how far of a retrace we should get, but looking at it in waves, I would look to see about 100 pips down at least (211.50), as another buying point. 217, here we come baby.
Trade what you see, not what you think.
- #63,499
- Feb 25, 2008 2:30pm Feb 25, 2008 2:30pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
You know it man lol Did you have any longs in there or no? I hope so, but if not, there is definitely going to be another good buying point coming up soon, IMO. I'm not sure as to how far of a retrace we should get, but looking at it in waves, I would look to see about 100 pips down at least (211.50), as another buying point. 217, here we come baby.
Indicators show the past. Price Action "Indicates" the future.
- #63,500
- Feb 25, 2008 2:39pm Feb 25, 2008 2:39pm
- | Joined Dec 2007 | Status: Wish I had more capital !! ;-) | 1,050 Posts
IBFX seems to be down. Stupid idiots
2 months I've been with them and it's been down at least 12 times, for more than 15-30 mins.
Last night it was down for 40 mins and it's been down for 45 mins 2x this am.
totally unacceptable.
Who is the best MT4 broker out there ?