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

  • #73,981
  • Apr 18, 2008 12:13pm Apr 18, 2008 12:13pm
Hi bro Quecee5,
i have downloaded all your attachment into my fxdd mt4 but i still cannot locate it in the template & indicators. What possibly could be the problem bro?

What i did was copy & paste into my fxdd mt4 only from your downloaded.
I need your guideline please bro, Thks.
  • #73,982
  • Apr 18, 2008 12:16pm Apr 18, 2008 12:16pm
Quoting quecee5
Vinesh2, very valid point however like I said before the market is cyclic. Remember the currency market is driven by the equity markets and its a know fact the equity market are cyclic.

Wonder why price manages to finds it way up on Wed in a down market more often than not well triple interest Wed. . . Wonder why the market tends to be driven up in a down market during Thankgiving/Xmas well. . .

Here are some articles for you to read my friend. . .

http://www.actionforex.com/long-term...2008020636401/

http://www.actionforex.com/long-term...2007031618808/

Also, my over all point was past history can give a glimpse where price could go once the trend is established. If you think support and resistance are establish on the fly then take a look at past history, those S/R are there for a reason. . .

I won't get into the fundamental with u, I'll leave it to u to make your own judgement. I will also say this, there is more to trading forex than just fibs, trendlines, etc. . .

The market is driven by supply and demand, the demand is determine by the equity markets, the equity markets are driven by all sorts of things and the stock markets are driven guess what by supply demand, the market is driven up/down which makes it cyclic from the cyclic markets trends are developed. . . Where are trends developed from past history. . .

Let's see where the market closes today based on the chart I provided and compare that with 2005's close on a weekly chart!
i actually do quite well trading just trendlines.. for me, less is MORE,so much more. the key to trading forex, my brothers and sisters, is to keep your handy trading tool box next to you and use the appropriate tool that works, when the market calls for it. the most important tool of all, of course, is money management. all of our methods/tools work, just gotta know when to use what. for example: when to NOT pick tops for shorts.

cheers
  • #73,983
  • Apr 18, 2008 12:17pm Apr 18, 2008 12:17pm
Q, or anyone doing well on this move

So do you agree with the people here saying itīll come down to 204.5 again before heading up to 213 or more?? I had to get out of my short in the end, lost a lot but it went up another 400pips so not too sad now I see that I was right.

Also where can I get PA?

Cheers
  • #73,984
  • Apr 18, 2008 12:18pm Apr 18, 2008 12:18pm
Quoting borneo_fx
Hi bro Quecee5,
i have downloaded all your attachment into my fxdd mt4 but i still cannot locate it in the template & indicators. What possibly could be the problem bro?

What i did was copy & paste into my fxdd mt4 only from your downloaded.
I need your guideline please bro, Thks.
This may help:

Inserted Video
Indicators show the past. Price Action "Indicates" the future.
  • #73,985
  • Apr 18, 2008 12:19pm Apr 18, 2008 12:19pm
Quoting Catch-22
Q, or anyone doing well on this move

So do you agree with the people here saying itīll come down to 204.5 again before heading up to 213 or more?? I had to get out of my short in the end, lost a lot but it went up another 400pips so not too sad now I see that I was right.

Cheers
How are you determining your entries?
Indicators show the past. Price Action "Indicates" the future.
  • #73,986
  • Apr 18, 2008 12:21pm Apr 18, 2008 12:21pm
Been using pivots.
  • #73,987
  • Apr 18, 2008 12:22pm Apr 18, 2008 12:22pm
Quoting Catch-22
Been using pivots.
Anything else?
Indicators show the past. Price Action "Indicates" the future.
  • #73,988
  • Apr 18, 2008 12:24pm Apr 18, 2008 12:24pm
Been using OzFx in general, I guess that short was a brain fart.
Newbie as you can see,
  • #73,989
  • Apr 18, 2008 12:28pm Apr 18, 2008 12:28pm
Quoting Catch-22
Been using OzFx in general, I guess that short was a brain fart.
Newbie as you can see,
We want to see many reasons to enter a trade or a confluence of events to take place. Did a pivot and OzFx line up for a short?
Indicators show the past. Price Action "Indicates" the future.
  • #73,990
  • Apr 18, 2008 12:30pm Apr 18, 2008 12:30pm
Quoting vinesh2
Awesome bro thanks so much for the explanation. Now, can I get your address so that I can fly down there and you can teach me!
Me too.
  • #73,991
  • Apr 18, 2008 12:30pm Apr 18, 2008 12:30pm
Quoting Catch-22
Q, or anyone doing well on this move

So do you agree with the people here saying itīll come down to 204.5 again before heading up to 213 or more?? I had to get out of my short in the end, lost a lot but it went up another 400pips so not too sad now I see that I was right.

Also where can I get PA?

Cheers
GJ is the king (or beast) of retracement. If we see a lot of profit-taking during the last two hours of the Dow, then it's very possible we will see a big retracement.
  • #73,992
  • Apr 18, 2008 12:31pm Apr 18, 2008 12:31pm
lol,I thought i was gonna have a question answered not answer 5 hehe. I thought it was going down after I was in the long I made a few pipsīd off I thought itīd rectrace.
  • #73,993
  • Apr 18, 2008 12:31pm Apr 18, 2008 12:31pm
Bro Jarroo, Bro Quecee5 & Bro Piters
You guys indeed are wonders & an excellent team..helping one another for the benefits of all members in Auslanco GBP/JPY topic.

You guys really makes this forum lively and indeed very helpful and meaningful for all..hope do Keep It Up your good informatic guys.

Well Done..Kudos to you 3 Guru's.
Best regards.
Renddy
borneo_fx
  • #73,994
  • Apr 18, 2008 12:35pm Apr 18, 2008 12:35pm
Quoting Catch-22
lol,I thought i was gonna have a question answered not answer 5 hehe. I thought it was going down after I was in the long I made a few pipsīd off I thought itīd rectrace.
Sorry, just trying to figure out why you went short. Good luck.
Indicators show the past. Price Action "Indicates" the future.
  • #73,995
  • Apr 18, 2008 12:44pm Apr 18, 2008 12:44pm
Quoting vinesh2
Awesome bro thanks so much for the explanation. Now, can I get your address so that I can fly down there and you can teach me!
Here is a weekly chart bro, lets see if this plays out. . .

My prediction for next week. . .

50% retrace back to 203 - 203.80/90 area then back up 1st target 211-213 area. This would also be 38% retrace of the whole move down started from 241 down to 192 area which I'm calling wave 3. . . The move up to 211-213 could be the end of wave 4 or it could retrace 50% (doubtful) but it could happen. I think 211-213 might cap this move, if it does go to the 50% area then I would say that price is in a reversal (which is again doubtful). I suspect we will see another bullish week next week then the following week we will see a price reverse for the end of the month profit taking and maybe to head down to complete wave 5 of 5 whihc should end 190-184 depends on where we end wave 4.

Look at the left hand side of the chart compare it with the right side and you can decide. . . I guess we will see next week - cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: weekly chart.gif Size: 29 KB
  • #73,996
  • Apr 18, 2008 12:55pm Apr 18, 2008 12:55pm
Quoting borneo_fx
Hi bro Quecee5,
i have downloaded all your attachment into my fxdd mt4 but i still cannot locate it in the template & indicators. What possibly could be the problem bro?

What i did was copy & paste into my fxdd mt4 only from your downloaded.
I need your guideline please bro, Thks.
Go to programs on your computer, mt4 folder, open experts, open indicators, put files in that folder. . . restart program. . . Go to insert, indicator, custom, look for the indicators there. . .

hope this helps bro!
  • #73,997
  • Edited 1:26pm Apr 18, 2008 12:56pm | Edited 1:26pm
That is what my charts says as well

Wave 4 is typically corrective. Retraces less than 38.2% of wave 3. Still they are often very dificult to count.. We may finish at 38.2 but 50% as well. I agree with you Q, about the reversal, - if we retrace up or more than 50%. We see next 2 weeks...

http://www.doske.com/fx/ew-82.png

EDIT: Here is Daily one, Scenario possible play for next 2 weeks

http://www.doske.com/fx/ew-83.png
  • #73,998
  • Apr 18, 2008 12:56pm Apr 18, 2008 12:56pm
Quoting quecee5
Go to programs on your computer, mt4 folder, open experts, open indicators, put files in that folder. . . restart program. . . Go to insert, indicator, custom, look for the indicators there. . .

hope this helps bro!
I posted a Youtube video, Que. That should help him and others.
Indicators show the past. Price Action "Indicates" the future.
  • #73,999
  • Apr 18, 2008 12:59pm Apr 18, 2008 12:59pm
Quoting piptrain
i actually do quite well trading just trendlines.. for me, less is MORE,so much more. the key to trading forex, my brothers and sisters, is to keep your handy trading tool box next to you and use the appropriate tool that works, when the market calls for it. the most important tool of all, of course, is money management. all of our methods/tools work, just gotta know when to use what. for example: when to NOT pick tops for shorts.

cheers
IS YOUR EYES!

Study the charts, study the charts, study the chart.

History always repeats itself at some point in time. Once you learn that you will become a better trader!
  • #74,000
  • Apr 18, 2008 1:00pm Apr 18, 2008 1:00pm
Quoting jarroo
I posted a Youtube video, Que. That should help him and others.
Thxs bro!
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