I think during overlap time NY and London we could see big movement down ward for GJ. Who knows...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #98,101
- Jul 1, 2008 4:10am Jul 1, 2008 4:10am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #98,103
- Jul 1, 2008 4:29am Jul 1, 2008 4:29am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
h4 did not close above gann hilo/trend line.
40min is about to close below gann hilo/trendline. short if this happens.
40min is about to close below gann hilo/trendline. short if this happens.
Well I am a bit bearish but do not use my bias to trade.
My opinion with these website analysts is bearish as well
I don't put a lot of weight into their analysis.
But I will say that Action is one of the better ones.
They are correct about the downward channel though.
Guess we will see......what do you think my friend ?
Nihil Sine Deo.
- #98,106
- Jul 1, 2008 4:40am Jul 1, 2008 4:40am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
ROYAL FLUSH *
GANN ABOVE: 1min, 5min, 15min, 30min, 1H, 4H, Daily:
* http://en.wikipedia.org/wiki/Royal_flush
GANN ABOVE: 1min, 5min, 15min, 30min, 1H, 4H, Daily:
* http://en.wikipedia.org/wiki/Royal_flush
- #98,107
- Edited 4:49am Jul 1, 2008 4:44am | Edited 4:49am
ROYAL FLUSH *
GANN ABOVE: 1min, 5min, 15min, 30min, 1H, 4H, Daily:
* http://en.wikipedia.org/wiki/Royal_flush
EDIT: Sorry, not enough coffee yet. Brain fart. You are correct.
- #98,109
- Jul 1, 2008 4:46am Jul 1, 2008 4:46am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #98,110
- Jul 1, 2008 4:48am Jul 1, 2008 4:48am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
ROYAL FLUSH *
Price Below GANN On: 1min, 5min, 15min, 30min, 1H, 4H, Daily:
* http://en.wikipedia.org/wiki/Royal_flush
- #98,112
- Jul 1, 2008 4:55am Jul 1, 2008 4:55am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #98,113
- Jul 1, 2008 5:02am Jul 1, 2008 5:02am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
i agree .
.I repeat..
Down is the direction.
Nihil Sine Deo.
Interesting comment from Action Forex.
GBP/JPY
The pair has been moving within an accurate bearish channel with very strong momentum for 4 days now. The RSI flows high indicating that there is still a lot room for the bearish move. The hourlies also support that notion, however according to it; the uptrend is much more restrained Forex traders have a good opportunity to take advantage of an ongoing downtrend with high profit potential.
I will need to go there more often now.
- #98,116
- Jul 1, 2008 5:20am Jul 1, 2008 5:20am
I'll take it short again if the 1h qqe crosses back over 50 and the 1h candle forms below gann.
i wont take a long until the 4h qqe crosses and the candle forms above the 4h gann.
It looks like it could go either way at this stage... but short looks a closer opportunity than the long for me right now.
Hope you all made money on the earlier short trade. I took 2/3 of my profits on the resistance but got stopped out on the last third.
Would be nice if it had gone down to the bottom but as long as it makes a profit then I guess i shouldn't grumble.
Always more opportunities, just don't know which way just yet..
John
I didn't take that signal because my ODL showed the 4H QQE 5 as having crossed up. Interestingly when I opened my backup, Alpari, which has the 4hr candle closing 2 hours after ODL, the QQE5 was still crossed down so I could easily have taken the signal.
Lesson learned: Always keep the backup open and compare the messages I am getting.
Quick question: When the strategy calls for the candle to form below the Gann, do you guys count the wicks as well or just main body of the candle?
Like mjolimer, I'm not going to short under the strategy rules unless the QQE5 crosses up to the 50 line and back down again. On ODL my 4H QQE5 is still bullish. The Daily chart has turned bearish though so it seems that shorts are the other of the day. It's just a question of patience and waiting for the entry.
A 15M strategy signal could be forming as well. A cross of the QQE60 below the DP of 210.83 would be a short signal given that price is below hourly 100SMA and Daily 5SMA, with 15M QQE5 crossed down.
