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

  • #79,941
  • May 11, 2008 4:16pm May 11, 2008 4:16pm
Quoting Scrat
the bottom will be when big guys decide it. not when we think we see some coincidences regarding price movements or something else.
if you have no idea how you got that formula, then most probably it is just a nonsense. please don't get me wrong... my experience so far has showed me that the only productive attitude in forex is following the trend, not trying to predict it.
now back to what you were saying. so, you think you've seen the bottom. again, what are your arguments?


Sometimes it's not hard to notice experienced participants in this forum.

Almost every day we got evidence how strong our human mind search for patterns etc in everything even when there is none. Needles to say, you'll find a pattern where ever you search if you search long enough. Thats our creativity on its best.

In a Norwegian financial-paper I read an article about one "investor" who found a great correlation between a football-team performance and the Norwegian stock-market. Amazed ? I hope not. Coincidence is a big part of our daily lives. Mixing coincidence with probabilities is one dangerous game.
Measure twice, cut once
  • #79,942
  • Edited 5:27pm May 11, 2008 4:36pm | Edited 5:27pm
CLOSED:hi all i need to fix to my qqe alert email, can you give me qqe alert indicator your manual how to do it.. i tried by myselt to fix on my indicator, but it doent work for me now.. thx

>found my problem i had problem with some settings
  • #79,943
  • May 11, 2008 4:49pm May 11, 2008 4:49pm
just for the newbies out there watching this thread. if u plan on going long to catch the retracement, just make sure u get an h4 candle to close above the daily pivot at 201.31. that's what i plan on doing.
  • #79,944
  • May 11, 2008 5:16pm May 11, 2008 5:16pm
Quoting lilmoe
just for the newbies out there watching this thread. if u plan on going long to catch the retracement, just make sure u get an h4 candle to close above the daily pivot at 201.31. that's what i plan on doing.

what time your 4h candle will be close??

thx
Veni, vidi, vici...
  • #79,945
  • May 11, 2008 5:30pm May 11, 2008 5:30pm
I think these chart speak for themselves. . .
Would be careful once 38%-50% retrace is achieved as the daily chart is showing bearish sentiments. . .

Also, Asia back from "golden week" so they may not like price down where it is at the moment. . .

Cheers

1hr and 4hr chart for u. . .
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  • #79,946
  • May 11, 2008 5:36pm May 11, 2008 5:36pm
Quoting karmostaji
yes but you must always follow the QQE, it over-rules the momentum, and at the moment the daily QQE is indicating bearishness and we just follow it
I agree with you 110%, having followed the momentum strategy and trading results from last year November till now, I remain convinced that it is not a viable and/or reliable profitable trading strategy by itself. It MUST be used with other indicators,such as qqe, stochs macd etc.

After all these months of testing, I believe that momentums are a secondary, BUT IMPORTANT, indicator. I can't tell you how many times I've seen momentums on even higher time frames initially pointing up ending up in a very down position.

The QQE , MACD, STOCHASTICS ,in my estimation, trump the momentums.
  • #79,947
  • May 11, 2008 5:43pm May 11, 2008 5:43pm
The green lines on this chart are PPZ's. These are +/- pips as they are zones, I just find it easier to put the horizontal lines as the go forever. It also allows me to look at the last time price was at these zones (Late 2005, Early 2006) and see how valid they are.

We are currently riding the bottom part of a very strong PPZ currently and I am waiting to see what direction from it the price will move. Currently +200 pips with stop at BE.


No I do not use the QQE indicator...
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Que
  • #79,948
  • May 11, 2008 5:46pm May 11, 2008 5:46pm
Quoting GodfreyH
I agree with you 110%, having followed the momentum strategy and trading results from last year November till now, I remain convinced that it is not a viable and/or reliable profitable trading strategy by itself. It MUST be used with other indicators,such as qqe, stochs macd etc.

After all these months of testing, I believe that momentums are a secondary, BUT IMPORTANT, indicator. I can't tell you how many times I've seen momentums on even higher time frames initially pointing up ending up in a very down position.

The QQE , MACD, STOCHASTICS ,in my estimation, trump the momentums.
You r completely right GodfreyH many times that happened MOM should be sec or confirmed buy another indicators it seems rising high when we are running to lowest position Stoch , QQE , MACD , and ADX , AC AO Solar and cog
Not by Might , Nor by Power .But by my spirit, Saith The LORD of Hosts
  • #79,949
  • May 11, 2008 5:47pm May 11, 2008 5:47pm
Quoting Que
The green lines on this chart are PPZ's. These are +/- pips as they are zones, I just find it easier to put the horizontal lines as the go forever. It also allows me to look at the last time price was at these zones (Late 2005, Early 2006) and see how valid they are.

We are currently riding the bottom part of a very strong PPZ currently and I am waiting to see what direction from it the price will move. Currently +200 pips with stop at BE.


No I do not use the QQE indicator...
Welcome back Que, what's it been about a year, you were missed
  • #79,950
  • May 11, 2008 5:49pm May 11, 2008 5:49pm
Quoting quecee5
. .

Also, Asia back from "golden week" so they may not like price down where it is at the moment.. .
True, they may like it lower to buy.
Patience + Humility + Study = Success
  • #79,951
  • May 11, 2008 5:50pm May 11, 2008 5:50pm
Thank you sir,

Had some family issues (My son is sick). We are doing much better now. More then ever before I realize I need to focus and learn this as best and efficiently as possible. Depending on an employer to not let you go when you have family medical issues is a very hard thing. All is good, but it was scary.
Que
  • #79,952
  • May 11, 2008 5:53pm May 11, 2008 5:53pm
Quoting GodfreyH
Welcome back Que, what's it been about a year, you were missed


Thxs Bro!
Just stopping in for a bit, headed on vacation 2morrow for a week. . . Seeing if I can collect some pips for heading out. . .

Cheers bro. . .

Btw, I find mom's very helpful in my analysis, as I see it as being an OS/OB indicator not as a directional indicator as some have alluded to. . . JMHO!
  • #79,953
  • May 11, 2008 5:55pm May 11, 2008 5:55pm
Quoting Que
Thank you sir,

Had some family issues (My son is sick). We are doing much better now. More then ever before I realize I need to focus and learn this as best and efficiently as possible. Depending on an employer to not let you go when you have family medical issues is a very hard thing. All is good, but it was scary.
Oh but u passed it already and hope ur son getting better soon...God Bless ..
Not by Might , Nor by Power .But by my spirit, Saith The LORD of Hosts
  • #79,954
  • May 11, 2008 5:55pm May 11, 2008 5:55pm
I just open short from 1.9505 GBP/USD and 201.05 GBP/JPY.
  • #79,955
  • May 11, 2008 6:00pm May 11, 2008 6:00pm
Quoting quecee5


Thxs Bro!
Just stopping in for a bit, headed on vacation 2morrow for a week. . . Seeing if I can collect some pips for heading out. . .

Cheers bro. . .

Btw, I find mom's very helpful in my analysis, as I see it as being an OS/OB indicator not as a directional indicator as some have alluded to. . . JMHO!

er...I meant the other Que , you were missed too though
  • #79,956
  • May 11, 2008 6:42pm May 11, 2008 6:42pm
As much as I want GU to go down to help my GJ trade, I am not sure it's going to happen.

We are sitting on a strong PPZ and Friday pinned off of this PPZ. It is looking like a northbound trade. I hope I am reading this wrong, but north would be my bet.
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Que
  • #79,957
  • May 11, 2008 7:00pm May 11, 2008 7:00pm
Doesn't it look like a bullish divergence on 4 hr Chart? If this plays out, 202.30 area is a good target or max at daily 5 sma.
Attached Image
  • #79,958
  • May 11, 2008 7:03pm May 11, 2008 7:03pm
Hi all wonderful traders on this thread, we are gradually becoming like family here.

IMHO, UJ is still bearishand we just had d classical 4hr 5sma retracement on UJ and GJ. i missd that. Anyways i did a lil check up on GU to confirm GJ shorts, unfortunately i see GU is bullish bias, and may be bullish in london. This bullishness may be compouned by positive GBP trade balance and PPI data, so we pray for bad news. LOL. praying for bad news

IF GU bullishess fails today then 198 stands a good chance. Hoping also that UJ takes ou 102.62 support
  • #79,959
  • May 11, 2008 8:12pm May 11, 2008 8:12pm
snt that an inside ba on the 4hr chart for jaroo
  • #79,960
  • May 11, 2008 8:15pm May 11, 2008 8:15pm
I see an IB "forming" on the H4, but no clear direction yet. Holding my short untill I see upward conformation. Stop at BE and currently sitting on +2%. Gotta balance leving them on the floor and losing them due to waiting.
Que
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