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

  • #76,661
  • Edited 1:44am Apr 30, 2008 1:31am | Edited 1:44am
Quoting jarroo
Yeah I guess I should have explained that better.
Actually I have you to thank, GodfreyH. The period converter you shared awhile ago.

Its a 8 hour Inside Bar. That's my easy answer. But I have another . . .
The 4 hour answer is that when a strong move or trend happens you want to play Price Action with that move. Meaning: Bearish PA in a down trend and Bullish PA in a uptrend.

Bottom Inside Bars in a down trend and top Inside Bar in a up trend.

Although this 4 hour Inside Bar did break the top, I was hesitant to take the long trade. Then it really didn't move and run away so I was not going to take that long trade.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #76,662
  • Apr 30, 2008 1:35am Apr 30, 2008 1:35am
Quoting jarroo
The 4 hour answer is that when a strong move or trend happens you want to play Price Action with that move. Meaning Bearish PA in a down trend and Bullish PA in a uptrend.

Bottom Inside Bars in a down trend and top Inside Bar in a up trend.

Although this 4 hour Inside Bar did break the top, I was hesitant to take the long trade. Then it really did move and run away so I was not going to take that long trade.
A strong break of the bottom of a Inside Bar, in a down trend, is a higher probability trade.
Indicators show the past. Price Action "Indicates" the future.
  • #76,663
  • Apr 30, 2008 1:35am Apr 30, 2008 1:35am
ya allah
good morning
hi Godfreyh
hi Malcolmb14
hi all
  • #76,664
  • Apr 30, 2008 1:36am Apr 30, 2008 1:36am
Quoting arezab
Hi malcolmb14, is this charting software, tradestation, free of charge to download and use or we should buy it first?

Not free of charge , however if you have an account with them the platform and Radar is free if you trade 10 futures contract per month. You still have to pay for data feeds for futures then , but forex feed is free and very stable.
Blogging daily now at www.volume.zone
  • #76,665
  • Apr 30, 2008 1:36am Apr 30, 2008 1:36am
Quoting jarroo
Bottom Inside Bars in a down trend and top Inside Bar in a up trend. Although this 4 hour Inside Bar did break the top, I was hesitant to take the long trade.
Ah-ha!
  • #76,666
  • Apr 30, 2008 1:37am Apr 30, 2008 1:37am
Quoting malcolmb14
New custom rapid response smoothed rsi gave me awesome sell trigger on a 5min chart, with 204.55 entry , as soon as it broke under the zigzag support.

Both these new indicators are custom for tradestation and work a treat

Closed trade for now at new pivot point 203.80.

Attachment
wow mal..

the smoothed RSI really nice!
i dont think that version is available for standard MT4 platform..correct?

pop
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  • #76,667
  • Apr 30, 2008 1:38am Apr 30, 2008 1:38am
Quoting naatha
=1,28cont
* 110Nikkei=140,8
/100=1,408
-205,06=-203,652
Discipline + Patience - Fear - Greed = Success
  • #76,668
  • Apr 30, 2008 1:39am Apr 30, 2008 1:39am
Quoting hussin naiji
ya allah
good morning
hi Godfreyh
hi Malcolmb14
hi all
  • #76,669
  • Apr 30, 2008 1:42am Apr 30, 2008 1:42am
Quoting malcolmb14
Not free of charge , however if you have an account with them the platform and Radar is free if you trade 10 futures contract per month. You still have to pay for data feeds for futures then , but forex feed is free and very stable.
can you give me the link to visit?

Thanks
Discipline + Patience - Fear - Greed = Success
  • #76,670
  • Apr 30, 2008 1:44am Apr 30, 2008 1:44am
Quoting popisdead
wow mal..

the smoothed RSI really nice!
i dont think that version is available for standard MT4 platform..correct?

pop
Where there is a will there is a way, hang on.. let me think.
  • #76,671
  • Apr 30, 2008 1:44am Apr 30, 2008 1:44am
Quoting hussin naiji
ya allah
good morning
hi Godfreyh
hi Malcolmb14
hi all
  • #76,672
  • Apr 30, 2008 1:47am Apr 30, 2008 1:47am
Quoting GodfreyH
Ah-ha!
Now if there are conflicting confluences to go short like a higher time frame trendline or higher time frame S/R level,etc. Then all bets are off.
Indicators show the past. Price Action "Indicates" the future.
  • #76,673
  • Apr 30, 2008 1:48am Apr 30, 2008 1:48am
0.5 point cut - Dow up (I dont think so, we'll have it)
0.25 point cut (expected) - Dow sideways or down (SELL ON MAY)
0 point cut - Dow down - G/J down

I think, G/J will go down ... IMHO

I wish you all the best ....
Attached Image
  • #76,674
  • Apr 30, 2008 1:53am Apr 30, 2008 1:53am
Quoting GodfreyH
Where there is a will there is a way, hang on.. let me think.
Ok, here's my solution. If the Tradestation rapid -rsi is smoothed it must have been done using a moving average of itself. Therefore, here's my quick and dirty solution.

Download and compile the rapid-rsi mt4, should be somewhere on this forum or Malcolmb's forum.

Open up mt4 navigator, under indicators , drag [moving averages] on to the rapid-rsi chart window, ensure that in the moving average "parameters", you use [apply to indicator data]. You can start with a 5 period MA.

This will place A 5 period smoothed moving average of the rapid-rsi. Now click on the rapid-rsi and enter [none] for the color.

This will leave just the moving average of the rapid-rsi. You can then adjust the moving average period to suit your trading style.
Should be a pretty good approximation to the trade station version.
  • #76,675
  • Apr 30, 2008 2:00am Apr 30, 2008 2:00am
anyone going long? I do
  • #76,676
  • Apr 30, 2008 2:02am Apr 30, 2008 2:02am
Quoting sarama001
anyone going long? I do
I'm not. I'm waiting for a good confirmation. This thing can get crazy ...
Discipline + Patience - Fear - Greed = Success
  • #76,677
  • Apr 30, 2008 2:06am Apr 30, 2008 2:06am
Quoting arezab
I'm not. I'm waiting for a good confirmation. This thing can get crazy ...
Since today is FOMC, GJ will not break yesterday low. They will shoot it up. I have seen something like this before. They shoot up GJ on a FOMC day after it went south.
  • #76,678
  • Apr 30, 2008 2:07am Apr 30, 2008 2:07am
Quoting sarama001
Since today is FOMC, GJ will not break yesterday low. They will shoot it up. I have seen something like this before. They shoot up GJ on a FOMC day after it went south.
Is there anyone else here that can also confirm what Sarama001 is saying?...
  • #76,679
  • Apr 30, 2008 2:09am Apr 30, 2008 2:09am
Quoting sarama001
Since today is FOMC, GJ will not break yesterday low. They will shoot it up. I have seen something like this before. They shoot up GJ on a FOMC day after it went south.
[edit]
  • #76,680
  • Apr 30, 2008 2:09am Apr 30, 2008 2:09am
good morning all,

here is my daily and 3 hour chart, if the daily low gets broken tg 202, its getting support of the 20+50 sma on the daily right now, so its shortterm up for a scalp

nice pippin
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj1.jpg Size: 174 KB
Click to Enlarge Name: gj2.jpg Size: 88 KB
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