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

  • #71,301
  • Mar 28, 2008 2:39pm Mar 28, 2008 2:39pm
Quoting malcolmb14
We might a re-test of the breakout , but wait till next week . That is when we will get momentum.


we may see a gap to d downside, b4 market opens sunday
  • #71,302
  • Mar 28, 2008 2:43pm Mar 28, 2008 2:43pm
Hi Malcomb,

Firstly sorry for bringing up this pair, but really would like your opinion on eur/gbp here, if a short is wise or do we see an uptrend to 7946 and the big 80. thanks .
  • #71,303
  • Mar 28, 2008 2:44pm Mar 28, 2008 2:44pm
Quoting malcolmb14
We might a re-test of the breakout , but wait till next week . That is when we will get momentum.
thats my malcomb talking
Imanuel Parsifal
  • #71,304
  • Mar 28, 2008 2:45pm Mar 28, 2008 2:45pm
Quoting Infinity
I hope your long position is a small one. Otherwise I would not advise you to leave it open over the weekend no matter what you see for the rest of today.

Bless
Hi Infinity,

What abt short one, can it be opened in the weekend..?
  • #71,305
  • Mar 28, 2008 2:49pm Mar 28, 2008 2:49pm
It's slowly moving down. And as people say, the slow moves are the strong moves.
  • #71,306
  • Mar 28, 2008 2:50pm Mar 28, 2008 2:50pm
Quoting sieb_ila
Hi Infinity,

What abt short one, can it be opened in the weekend..?
I might but that is decision you must make on your own. Plan YOUR trade, trade YOUR plan.

Bless
Patience + Discipline - Greed = Success
  • #71,307
  • Mar 28, 2008 2:51pm Mar 28, 2008 2:51pm
What a long slow death for those holding £/¥ longs. I mean this thing has teased the upside only to disappoint and turn right back down at the 21ema on the 5min charts. Ouch.

Have a good weekend all.
  • #71,308
  • Mar 28, 2008 2:58pm Mar 28, 2008 2:58pm
Quoting sharon_gpl
Hi Malcomb,

Firstly sorry for bringing up this pair, but really would like your opinion on eur/gbp here, if a short is wise or do we see an uptrend to 7946 and the big 80. thanks .

dont go against the trend. wait for a dip and buy back in.

my opinion, have a good weekend

shinny
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #71,309
  • Mar 28, 2008 3:37pm Mar 28, 2008 3:37pm
Quoting ephisi
just got back to see market risen 4rm d dead,

shorts be carful here, bullish bat on mt 15,3omin and 1hr timeframe, dis has worked twice in d last 2 days
that great chart . thanks my friend .
  • #71,310
  • Mar 28, 2008 3:43pm Mar 28, 2008 3:43pm
Quoting malcolmb14
We might a re-test of the breakout , but wait till next week . That is when we will get momentum.
that s what i think exactly . first of all we should see price around broken trenline (because of the bullish pattern) and then countinuing downside .
have a good weekend .
  • #71,311
  • Mar 28, 2008 3:45pm Mar 28, 2008 3:45pm
So if I open my 5 min chart, I would set TimeFrame= 15 to see the 15 min QQE trend?

Regards...

Quoting GodfreyH
Ok, I've finally finished coding an adjustable QQE. I have found that by using longer time frame indicators in a shorter time frame (TF) you can get a good idea as to the direction of the general trend.

So, for example, if you are trading the 5min TF, it would be helpful to see where the qqe in the 15 min is at on the same chart.

The following QQE indicator, not only allows you to adjust the TF, but you can adjust the "DARFACTOR" as well. Auslanco's original setting of 4.236 is used as the default, but you can adjust this down to make the qqe more reactive without changing the smoothing (default smoothing is 5).

Default TIMEFRAME =0 = CURRENT CHART TF
TF OPTIONS: 15, 30, 60, 240,1440, 10080 (minutes)


Hope this assists anyone that uses the QQE.

PS: You will need to have both indicators in your indicators folder, but the only one you need to load on your chart will be the adjustable qqe.

You can also compare this qqe to Auslanco's original, and you will see that the default setting is exactly the same.
Regards, Android.
  • #71,312
  • Edited 4:55pm Mar 28, 2008 4:29pm | Edited 4:55pm
Quoting android
So if I open my 5 min chart, I would set TimeFrame= 15 to see the 15 min QQE trend?

Regards...
Yes, that's correct, this qqe is for placing longer TF qqe on shorter TF charts. So don't go and try to place a 15 min qqe on a 4hr chart. You may however place a day qqe(1440 min) on a 4 hour chart.
  • #71,313
  • Mar 28, 2008 5:02pm Mar 28, 2008 5:02pm
Question. I use FXCM trade station II. Not real happy with it. On the weekends with the trade desk is closed, if one of my stops or limits are met the trade will not be triggered. Only once trading is open will it trigger but not at the Stop/Limit but at the current price. Say I have a long trade with a stop loss at 200, the pair has moved down past it to 160. When trading is open them the trade is closed out at 160. Is this Normal? I've tried to trade with the idea of closing all trades on Friday to avoid this. I've lost alot of pips because of it.
  • #71,314
  • Mar 28, 2008 5:12pm Mar 28, 2008 5:12pm
Quoting SuperV900
Question. I use FXCM trade station II. Not real happy with it. On the weekends with the trade desk is closed, if one of my stops or limits are met the trade will not be triggered. Only once trading is open will it trigger but not at the Stop/Limit but at the current price. Say I have a long trade with a stop loss at 200, the pair has moved down past it to 160. When trading is open them the trade is closed out at 160. Is this Normal? I've tried to trade with the idea of closing all trades on Friday to avoid this. I've lost alot of pips because of it.
I have not often seen pairs gap down 200 pips....

There must be some platforms that are open all weekend.

If you are concerned about it close the trades on Friday and re open on Sunday , lets face in gj there are alot of pips to be made each week these days , and what does it really matter if you miss a few pips caue it gaps in the direction of your trade.

I have not calculated but the gj must be moving at least 2000 pips a week right now.
Blogging daily now at www.volume.zone
  • #71,315
  • Mar 28, 2008 5:20pm Mar 28, 2008 5:20pm
Quoting malcolmb14
I have not often seen pairs gap down 200 pips....

There must be some platforms that are open all weekend.

If you are concerned about it close the trades on Friday and re open on Sunday , lets face in gj there are alot of pips to be made each week these days , and what does it really matter if you miss a few pips caue it gaps in the direction of your trade.

I have not calculated but the gj must be moving at least 2000 pips a week right now.
In my example it would have been only 40 pips but they all count right. You are right. I have to get out of the mind set of so short term trades. The lessons I've learned on this Thread has helped me get better at "real" trading.

Thanks.
  • #71,316
  • Mar 28, 2008 6:49pm Mar 28, 2008 6:49pm
Quoting SuperV900
Question. I use FXCM trade station II. Not real happy with it. On the weekends with the trade desk is closed, if one of my stops or limits are met the trade will not be triggered. Only once trading is open will it trigger but not at the Stop/Limit but at the current price. Say I have a long trade with a stop loss at 200, the pair has moved down past it to 160. When trading is open them the trade is closed out at 160. Is this Normal? I've tried to trade with the idea of closing all trades on Friday to avoid this. I've lost alot of pips because of it.
FXCM is not protecting trader's account properly,
if the market goes to my direction during weekend and opens beyond my target limit, the position closes at my limit not at current price,
if the market goes againt my direction during weekend and opens over or below my stop loss, the position closed at current price not at my stop loss.

I experienced these things happen seveal times... be careful.
  • #71,317
  • Mar 28, 2008 7:44pm Mar 28, 2008 7:44pm
Quoting SuperV900
Question. I use FXCM trade station II. Not real happy with it. On the weekends with the trade desk is closed, if one of my stops or limits are met the trade will not be triggered. Only once trading is open will it trigger but not at the Stop/Limit but at the current price. Say I have a long trade with a stop loss at 200, the pair has moved down past it to 160. When trading is open them the trade is closed out at 160. Is this Normal? I've tried to trade with the idea of closing all trades on Friday to avoid this. I've lost alot of pips because of it.
All brokers are like that. They can't execute a trade over the weekend, so it gets executed as soon as the market is open

I always run my open orders with no stops during the weekend.
  • #71,318
  • Mar 28, 2008 8:00pm Mar 28, 2008 8:00pm
Quoting markam
All brokers are like that. They can't execute a trade over the weekend, so it gets executed as soon as the market is open

I always run my open orders with no stops during the weekend.
except oanda. if you take the 20 pips spread on the weekend.
  • #71,319
  • Mar 28, 2008 8:02pm Mar 28, 2008 8:02pm
Quoting malcolmb14
I have not often seen pairs gap down 200 pips....

There must be some platforms that are open all weekend.

If you are concerned about it close the trades on Friday and re open on Sunday , lets face in gj there are alot of pips to be made each week these days , and what does it really matter if you miss a few pips caue it gaps in the direction of your trade.

I have not calculated but the gj must be moving at least 2000 pips a week right now.
Oanda is open 24/7...... you can enter, change, exit any position, but with wider spreads, Guppy is normally 20 over the weekend, most others 10

ooops I see Emda already said this
  • #71,320
  • Mar 28, 2008 10:53pm Mar 28, 2008 10:53pm
Quoting h9402486
FXCM is not protecting trader's account properly,
if the market goes to my direction during weekend and opens beyond my target limit, the position closes at my limit not at current price,
if the market goes againt my direction during weekend and opens over or below my stop loss, the position closed at current price not at my stop loss.

I experienced these things happen seveal times... be careful.
Question

Have you ever brought this up with FXCM? If so, could you detail what they told you?

Thanks!
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