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

  • #64,981
  • Mar 4, 2008 8:22am Mar 4, 2008 8:22am
u all know that i know nothing.... but thought i'd post this chart in order to get comments
Attached Image (click to enlarge)
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  • #64,982
  • Mar 4, 2008 8:27am Mar 4, 2008 8:27am
hi guys...

just my personal preview..for me.. Gj... want create ascending pattern...market... any opinion...

http://img90.imageshack.us/img90/1032/gjsadadadage5.jpg
  • #64,983
  • Mar 4, 2008 8:32am Mar 4, 2008 8:32am
Quoting quecee5


I'll get back long which'a later when it reaches 203.90 area bro -
Hi Quecee, how did you arrive at that figure 203.90 ? i am curious.
  • #64,984
  • Mar 4, 2008 8:35am Mar 4, 2008 8:35am
The lion sitting on the rock, finds another bull and shoots his balls away

Sorry pal, i really need to pass time.
  • #64,985
  • Mar 4, 2008 8:35am Mar 4, 2008 8:35am
so basically then we need to break the s/r range that has formed one way or antother then.... like this???
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  • #64,986
  • Mar 4, 2008 8:36am Mar 4, 2008 8:36am
Quoting karmostaji
LOL just enjoying my time since this beast is ranging between 205.6 - 205 - 204.3
Yeah, it is like watching grass grow - LOL!
up/down/up/down. . ., I don't see any lower than 203.80's then a bounce back up. . .

Cheers
  • #64,987
  • Mar 4, 2008 8:39am Mar 4, 2008 8:39am
Quoting sieb_ila
Hi Quecee, how did you arrive at that figure 203.90 ? i am curious.
Price is currently trading under intraday pivot and the daily pivot. Bears are putting pressure on price to drive it down to at least s1 on a daily which is 203.80 area. . .

Intraday support is 204.60 - 203.88. . .
  • #64,988
  • Mar 4, 2008 8:45am Mar 4, 2008 8:45am
Quoting quecee5
Price is currently trading under intraday pivot and the daily pivot. Bears are putting pressure on price to drive it down to at least s1 on a daily which is 203.80 area. . .

Intraday support is 204.60 - 203.88. . .
Thanks Q, that is nice analysis..
  • #64,989
  • Mar 4, 2008 8:45am Mar 4, 2008 8:45am
This is what I think. But it could also go down.
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  • #64,990
  • Mar 4, 2008 8:48am Mar 4, 2008 8:48am
Ok, could someone please post a true direction of this beast. I'm getting dizzy watching it LOL


Quoting SimonJ
This is what I think. But it could also go down.
  • #64,991
  • Mar 4, 2008 8:50am Mar 4, 2008 8:50am
Quote
quecee5 hi, yes your right, thanks.
I have been looking at qqe60 with the 1H, to try and weed out false direction changes...
regards,
Damo.

Damo, you will find that qqe60 is much too lagging an indicator to use in the longer time frames with gbp/yen. More often than not, you will end up placing orders at the top of a trend after the trend has been exhausted.


Quoting venci
H4 is oversold
If H1 get crossed and goes down - it will be small move - till 203.90 may be - and then retrace .. i hope
QQE typically is recognized as oversold between 25-30 region. However I have seen the qqe drop from 25 -14, several hundred pips without a significant retrace.

That is not to say that this is the current situation, but just to point out that with gbp/yen holding positions based on oversold/overbought oscillators only "could" put you in hot water.
  • #64,992
  • Mar 4, 2008 8:52am Mar 4, 2008 8:52am
Quoting GodfreyH
Damo, you will find that qqe60 is much too lagging an indicator to use in the longer time frames with gbp/yen. More often than not, you will end up placing orders at the top of a trend after the trend has been exhausted.




QQE typically is recognized as oversold between 25-30 region. However I have seen the qqe drop from 25 -14, several hundred pips without a significant retrace.

That is not to say that this is the current situation, but just to point out that with gbp/yen holding positions based on oversold/overbought oscillators only "could" put you in hot water.
GodfreyH,

I liked that zup indicator you had on your chart the other day - care to share?

Thxs in advance!
  • #64,993
  • Mar 4, 2008 8:56am Mar 4, 2008 8:56am
Yes, I know past action is not necessarily an indication of future activity ..yada..yada..

...but has anyone taken a look at the similarities with this same period last year.
  • #64,994
  • Mar 4, 2008 9:02am Mar 4, 2008 9:02am
Low risk trading combined with patience.

The DBLHC on the 8 hour chart with entry near the 61.8 fib. I took a small position long a 204.55 s/l at 204.15. I'll call this position the "scout" to see if it we are heading north and I will add to this winning position as Price Action dictates.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #64,995
  • Mar 4, 2008 9:03am Mar 4, 2008 9:03am
I am very excited with what that man sai that he made roughly 500 pips with your advice and some things. I will like you maybe you can be sending daily strategy to my e-mail address or where i can be reading it. I( am ready to pay for the service. Please i am not joking. Thanks. God bless.
  • #64,996
  • Mar 4, 2008 9:05am Mar 4, 2008 9:05am
Quoting quecee5
GodfreyH,

I liked that zup indicator you had on your chart the other day - care to share?

Thxs in advance!
Sure, here ya go.

I've found it does re-paint though, but for a skilled harmonic trader as yourself, it will help you find patterns that you may have overlooked.

[futurePattern] should be set to true
Attached File(s)
File Type: mq4 Search_patterns_v6.mq4   58 KB | 470 downloads
  • #64,997
  • Mar 4, 2008 9:10am Mar 4, 2008 9:10am
Quoting GodfreyH
Sure, here ya go.

I've found it does re-paint though, but for a skilled harmonic trader as yourself, it will help you find patterns that you may have overlooked.

[futurePattern] should be set to true
Ahhhh, a new toy to play with - Thxs my friend!
  • #64,998
  • Mar 4, 2008 9:14am Mar 4, 2008 9:14am
Whats up Q, not sure if you had to time check your PM.
  • #64,999
  • Mar 4, 2008 9:25am Mar 4, 2008 9:25am
The Lion finds another bull, aims and shoots off its balls

Unless yesterday's close is not broken forget about any long positions.
  • #65,000
  • Mar 4, 2008 9:26am Mar 4, 2008 9:26am
hello everyone..Q how are you today..looks like all the pro dudes took a nap today and left the big job of carring all the newbies along..have been monitory the market from my pda and never found any reason to get to my ..p.c. just dropped by to see wats happenning on the trend..looks like i have to wait longer for my 1000pips
Imanuel Parsifal
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