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

  • #75,001
  • Apr 23, 2008 9:30pm Apr 23, 2008 9:30pm
Quoting Loadthepips
Hello Godfrey:

Could you please explain how you came up with the 206.70? Also, my daily 5-sma low is at 204.60, how did you get 203.80?

Your explanation would be extremely helpful.

Thanks.

Those figures were calculated based on FXDD prices. Your broker may have a different feed or opening hours and therefore different figures. You could post your chart so we can see.
  • #75,002
  • Apr 23, 2008 9:55pm Apr 23, 2008 9:55pm
Quoting jarroo
Welcome aboard.
I'm a newbe to and I agreed 100% with that staiment, good luck to all of you that remember the hard begining on forex and are helping other learn is a very good deed, thanks and happy page 5000.
The Chonchy
  • #75,003
  • Apr 23, 2008 9:56pm Apr 23, 2008 9:56pm
Quoting chonchy
I'm a newbe to and I agreed 100% with that staiment, good luck to all of you that remember the hard begining on forex and are helping other learn is a very good deed, thanks and happy page 5000.
Ditto.
Indicators show the past. Price Action "Indicates" the future.
  • #75,004
  • Apr 23, 2008 10:02pm Apr 23, 2008 10:02pm
Couple of IBs on the 4 hour chart. Could be tradable but Price is moving to slow.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #75,005
  • Apr 23, 2008 10:10pm Apr 23, 2008 10:10pm
Is being bullish on this pair, like trying to catch a falling knife?
  • #75,006
  • Apr 23, 2008 10:12pm Apr 23, 2008 10:12pm
Quoting Clouds
Is being bullish on this pair, like trying to catch a falling knife?
Depends, why are you bullish?
Indicators show the past. Price Action "Indicates" the future.
  • #75,007
  • Apr 23, 2008 10:14pm Apr 23, 2008 10:14pm
Quoting jarroo
Depends, why are you bullish?
Cause it crossed my 20 SMA, on a 4HR, and it's for GBP/CHF, but really same pair.. and because it has been going up all month, but down the past 6 months.
  • #75,008
  • Apr 23, 2008 10:20pm Apr 23, 2008 10:20pm
Quoting Clouds
Cause it crossed my 20 SMA, on a 4HR, and it's for GBP/CHF, but really same pair.. and because it has been going up all month, but down the past 6 months.
So being bullish is against the overall long term downtrend. I see.

The 4 hour trend looks bullish to me. Are you trading the Monthly or the 4 hour time frame?
Indicators show the past. Price Action "Indicates" the future.
  • #75,009
  • Apr 23, 2008 10:22pm Apr 23, 2008 10:22pm
Quoting jarroo
So being bullish is against the overall long term downtrend. I see.

The 4 hour trend looks bullish to me. Are you trading the Monthly or the 4 hour time frame?
4HR, but I do like to look at the monthly to see what's at stake.
  • #75,010
  • Apr 23, 2008 10:27pm Apr 23, 2008 10:27pm
Quoting Clouds
4HR, but I do like to look at the monthly to see what's at stake.
I like the 4HR myself. I look at the Daily and Weekly (mainly the Daily) to see the overall trend. Monthly is a bit to long for me.
Indicators show the past. Price Action "Indicates" the future.
  • #75,011
  • Apr 23, 2008 10:30pm Apr 23, 2008 10:30pm
Quoting GodfreyH
Those figures were calculated based on FXDD prices. Your broker may have a different feed or opening hours and therefore different figures. You could post your chart so we can see.
Ok Godfrey, here is my daily chart. I see now that 206.66 is the 5-SMA high and my 5-SMA low is 204.60? Is it the timeframe differece. I am with interbank fx and my timezone is Eastern Standard time(same as New York).

Thanks appreciate you looking at it for me.
Attached Image
  • #75,012
  • Apr 23, 2008 10:31pm Apr 23, 2008 10:31pm
Quoting jarroo
I like the 4HR myself. I look at the Daily and Weekly (mainly the Daily) to see the overall trend. Monthly is a bit to long for me.
I see. Would you consider the long-term trend still down?
  • #75,013
  • Apr 23, 2008 10:37pm Apr 23, 2008 10:37pm
Quoting Clouds
I see. Would you consider the long-term trend still down?
Weekly trend is down. Daily trend looks bullish to me.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #75,014
  • Apr 23, 2008 10:53pm Apr 23, 2008 10:53pm
Quoting Clouds
Is being bullish on this pair, like trying to catch a falling knife?
Looks like the shorts may need a stitch or two.

Looking to see if these 4 hour IBs are worthy of a bullish run.

Enter a small long at 205.22
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #75,015
  • Apr 23, 2008 10:58pm Apr 23, 2008 10:58pm
4H ZL Stoch and ZL MACD are about to cross up.
There was also a bit of Bullish Divergence on the 4H.
With a pass of the Gann and a break of 206.05, I'd look to 206.40 and then 206.93.
Above that, up to 207.53 or possibly a retest of 208 area.

BUT, if Retail Sales come in as low as projected, we could crash down.
OR, maybe we RUN up, like last night.

Patience........
  • #75,016
  • Apr 23, 2008 11:02pm Apr 23, 2008 11:02pm
http://www.pakdi.net/img/pisau.gif
  • #75,017
  • Apr 23, 2008 11:06pm Apr 23, 2008 11:06pm
Quoting Clouds
http://www.pakdi.net/img/pisau.gif
You have to remember to post this sign when people are trying to buy when Price is falling 100 pips an hour.
Indicators show the past. Price Action "Indicates" the future.
  • #75,018
  • Apr 23, 2008 11:09pm Apr 23, 2008 11:09pm
This news might link to bullish on all cross yen pairs :-)

http://www.bloomberg.com/apps/news?p...6zE&refer=home
  • #75,019
  • Apr 23, 2008 11:19pm Apr 23, 2008 11:19pm
WAKE UP London! The Russians are shorting your Pound!
  • #75,020
  • Apr 23, 2008 11:29pm Apr 23, 2008 11:29pm
Quoting Loadthepips
Ok Godfrey, here is my daily chart. I see now that 206.66 is the 5-SMA high and my 5-SMA low is 204.60? Is it the timeframe differece. I am with interbank fx and my timezone is Eastern Standard time(same as New York).

Thanks appreciate you looking at it for me.
Yes your figures are correct for InterbankFX. I use both InterbankFX and FXDD.

Because FXDD doesn't include Sunday (2hrs) as a day, I think that their momentum readings are more accurate.
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