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

  • #64,261
  • Feb 29, 2008 7:26pm Feb 29, 2008 7:26pm
no.
we are talking about g-j here. when there's a trend, it is best to re-enter on the same direction and not chasing retracements.
as i said, i believe that IF a retracement is to occur, it will be rather small and most probably limited upwards by that former support trendline (theoretically turned into resistance now). that trendline has been tested 2 times before breakout, so it would seem logical to me NOT to see price going up through it again just for the sake of a .50 or .618 retracement. 208.80 area seems reasonable.
i think the chart is very suggestive. i also put a possible 1-2-3 pattern that might signal the beginning of the retracement.

Quoting Pipimintpati
So do you think the several Small segmented 50% retracments do not suggest a larger retracement may occur soon? Given that each 50% retracment of each leg on our way down has taken longer and longer to complete itself or is this simply profit taking on friday afternoon? Am I making any sense because I have no clue.

-Pipimint
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Nihil Sine Deo.
  • #64,262
  • Feb 29, 2008 7:38pm Feb 29, 2008 7:38pm
Quoting Scrat
... as i said, i believe that IF a retracement is to occur, it will be rather small and most probably limited upwards by that former support trendline (theoretically turned into resistance now)...


and to me that trend line lies at 20750 <> 40

IF that is crossed up I have to re-draw my trade plan!
  • #64,263
  • Feb 29, 2008 7:42pm Feb 29, 2008 7:42pm
that's the trendline.

Quoting forex3e
and to me that trend line lies at 20750 <> 40

IF that is crossed up I have to re-draw my trade plan!
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Nihil Sine Deo.
  • #64,264
  • Mar 1, 2008 12:48am Mar 1, 2008 12:48am
hi guys....

enjoys your holiday...... just my preview for medterm ....how long Gj want go...i see ideal pattern ....in my mind..at H4... Gj want Complete 'D' price 201.49....in this month....just my 2 cent...
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  • #64,265
  • Mar 1, 2008 2:51am Mar 1, 2008 2:51am
Anyone familiar with this indicator?
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  • #64,266
  • Mar 1, 2008 3:20am Mar 1, 2008 3:20am
Quoting venci
Anyone familiar with this indicator?
Looks like deep sea radar.
  • #64,267
  • Mar 1, 2008 3:36am Mar 1, 2008 3:36am
Quoting PipChick
Looks like deep sea radar.
---------------

http://www.forexmt4.com/mt_yahoo/golden%20indicator.gif
Golden_section
link for download:
http://64.233.183.104/search?q=cache...lnk&cd=3&gl=ru
  • #64,268
  • Mar 1, 2008 3:53am Mar 1, 2008 3:53am
Quoting naatha
---------------

http://www.forexmt4.com/mt_yahoo/golden%20indicator.gif
Golden_section
link for download:
http://64.233.183.104/search?q=cache...lnk&cd=3&gl=ru
Do you use that indicator naatha?
  • #64,269
  • Edited 4:39am Mar 1, 2008 4:04am | Edited 4:39am
Quoting venci
Anyone familiar with this indicator?
That is "Golden Section". It is a nice tool to identify the probable direction of the market based on "Fibonacci fan" and "Fibonacci Channel" and "Gann Fan" and also "Andrew's Pitchfork" all in one place. If someone is not familiar with those tools and how they work, this indicator is less useful to him. It needs some experience to work with but it can be very helpful to predict where a trend ends and where a reversal can occur.

The disadvantage is that it changes itself, I mean the angles and center point can change during time. It is not stable. We can count on it on longer TF's (at least daily) but not lower TF's.

I make a chart only with this Indicator and use it beside ZUP v.73
Discipline + Patience - Fear - Greed = Success
  • #64,270
  • Mar 1, 2008 8:11am Mar 1, 2008 8:11am
zup has a lot of options - pitchforks, fibos, dynamic fibos, fibo time zones, fibo fans, fibo arcs, fibo spiral (or golden spiral), reversal confirmations, harmonic patterns... it is practically the best indicator that can be found free of charge. the last version is zup76.

Quoting arezab
That is "Golden Section". It is a nice tool to identify the probable direction of the market based on "Fibonacci fan" and "Fibonacci Channel" and "Gann Fan" and also "Andrew's Pitchfork" all in one place. If someone is not familiar with those tools and how they work, this indicator is less useful to him. It needs some experience to work with but it can be very helpful to predict where a trend ends and where a reversal can occur.

The disadvantage is that it changes itself, I mean the angles and center point can change during time. It is not stable. We can count on it on longer TF's (at least daily) but not lower TF's.

I make a chart only with this Indicator and use it beside ZUP v.73
Nihil Sine Deo.
  • #64,271
  • Edited 9:23am Mar 1, 2008 8:12am | Edited 9:23am
Here is Support and Resistance Alert with Sound Files for each pair. Instructions are in the utube video ...... with the download: Enjoy works really well at night, etc.,. IMO

Quoting SimonJ
Is it possible to put S&R lines that will alert when they get broken in mt4? Or do I need an indicator or script for that?
Attached File(s)
File Type: mq4 S.R.Chin Alert V.1.2s.mq4   25 KB | 565 downloads
File Type: doc S&RChin-alert Instructions.doc   22 KB | 650 downloads
File Type: zip chin - Sound Files S_R 19 pairs.zip   491 KB | 561 downloads
  • #64,272
  • Mar 1, 2008 8:15am Mar 1, 2008 8:15am
Quoting Scrat
zup has a lot of options - pitchforks, fibos, dynamic fibos, fibo time zones, fibo fans, fibo arcs, fibo spiral (or golden spiral), reversal confirmations, harmonic patterns... it is practically the best indicator that can be found free of charge. the last version is zup76.
Scrat,
Where can I get zupv76? An earlier version I have boggs my charts down so I had to remove them.
PipChick
  • #64,273
  • Mar 1, 2008 8:35am Mar 1, 2008 8:35am
Quoting arezab
That is "Golden Section". It is a nice tool to identify the probable direction of the market based on "Fibonacci fan" and "Fibonacci Channel" and "Gann Fan" and also "Andrew's Pitchfork" all in one place. If someone is not familiar with those tools and how they work, this indicator is less useful to him. It needs some experience to work with but it can be very helpful to predict where a trend ends and where a reversal can occur.

The disadvantage is that it changes itself, I mean the angles and center point can change during time. It is not stable. We can count on it on longer TF's (at least daily) but not lower TF's.

I make a chart only with this Indicator and use it beside ZUP v.73

The BEST indictor out there is those old chicken bones.

Throw them down and they will tell you every thing you need to know.!!1
Blogging daily now at www.volume.zone
  • #64,274
  • Mar 1, 2008 9:15am Mar 1, 2008 9:15am
Quoting Scrat
zup has a lot of options - pitchforks, fibos, dynamic fibos, fibo time zones, fibo fans, fibo arcs, fibo spiral (or golden spiral), reversal confirmations, harmonic patterns... it is practically the best indicator that can be found free of charge. the last version is zup76.
Thanks Scrat, Idid a search but I couldn't find it. Do you mind to post it if you have it inside your indicators?

Thanks
Discipline + Patience - Fear - Greed = Success
  • #64,275
  • Edited 9:34am Mar 1, 2008 9:27am | Edited 9:34am
Quoting PipChick
Scrat,
Where can I get zupv76? An earlier version I have boggs my charts down so I had to remove them.
PipChick

Hi Pip chick,
You remind me of one of members at http://www.forex-tsd.com/harmonic-tr...c-trading.html where you can find Zup_v1-76 and everything related, PorcuChick. LOL Also check out : http://www.forex-tsd.com/harmonic-tr...erfly-bat.html this should help learn pattern formations.

While I'm hear I should tell you ,if you don't already know, TSD is where Codesguru stations diccusions on XWorks(free) site and where the xpMA originates. Food for thought. Bye

"Where Feedback Flows Itelligence Grows"

-Pipiminty
Enjoy it while it lasts, then pay for it. Be Grateful.
  • #64,276
  • Mar 1, 2008 10:04am Mar 1, 2008 10:04am
Daily TD line projection calls for a 2900 pip move down from the break at 222.

To bring up crosshair on chart simply press (ctrl-F) now click and drag the crosshair on the chart to see (number of bars, pips, price).

This thread is full of great traders and I just want to say, "Thank you".
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It really is that easy.
  • #64,277
  • Mar 1, 2008 10:19am Mar 1, 2008 10:19am
Quoting ut2DaMax
Here is Support and Resistance Alert with Sound Files for each pair. Instructions are in the utube video ...... with the download: Enjoy works really well at night, etc.,. IMO
Works great. Thanks.

You wouldn't happen to have his next generation Fib indicator as well. Would you?
Indicators show the past. Price Action "Indicates" the future.
  • #64,278
  • Mar 1, 2008 10:27am Mar 1, 2008 10:27am
Quoting naatha
---------------

http://www.forexmt4.com/mt_yahoo/golden%20indicator.gif
Golden_section
link for download:
http://64.233.183.104/search?q=cache...lnk&cd=3&gl=ru
Thanks for the link to alot of indicators to play with...it's like Chritsmas

"Where Feedback Flows Intellingece Grows"

-Pipimint
Enjoy it while it lasts, then pay for it. Be Grateful.
  • #64,279
  • Mar 1, 2008 10:41am Mar 1, 2008 10:41am
Quoting sycho
right Q..i just know that some one is tring to sustain this thing...but this is due for the down side
Isn't every Center bank/Goverment trying to create equilibrium even though they created a floating currency detached from gold open to the minipulations of conflicting foreign & Domestic policies for puposes of speculation and now are not in control?? But I like Pips!!

"Where Feedback Flows Intelligence Grows"

-Pipiminty
Enjoy it while it lasts, then pay for it. Be Grateful.
  • #64,280
  • Mar 1, 2008 11:02am Mar 1, 2008 11:02am
Quoting Scrat
first of all, g-j correlates with usd/jpy during US session. this is the starting point.
basically it's not just about DJI but all US indexes (SP500, NASDAQ etc). if things are going wrong with US economy, these indexes are starting to drop - because "big brother" starts liquidating positions. which means, they sell stocks & whatever for dollars.
now, because MOST of the investments are financed through yens (lowest interest rate, right?) then these dollars are actually going into usd/jpy... to buy yens = usd/jpy drops...
the end result is this: stocks are sold (US indexes drop) and yens are bought (yen pairs also drop).
actually, usd/jpy affects all yen pairs during US session (you probably know that the only "real" yen pair is usd/jpy, the rest are just crosses - that means, "artificial" - and we only have them because of the brokers - MORE, all these crosses are calculated using usd as reference).
and to conclude with this short explanation, let's get back to g-j during US session: we need to pay attention to usd-jpy, US indexes (DJI or SP500) and gbp-usd.

p.s. why have i mentioned SP500? well, consider this: DJI reflects 30 companies, while SP500 is made of 500. which one would you consider more relevant?
and another tip: if at the end of US session (on friday) we see DJI going up, then next week tokyo opens with a gap up, and we all know that such a gap is usually closed... so the result would be a yen strengthening until london opens.
Hey thanks your filling in the wholes of Swiss with Chedder.

"Where Feedback Flows Intelligence Flows"

-Pipimint
Enjoy it while it lasts, then pay for it. Be Grateful.
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