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

  • #116,421
  • Sep 22, 2008 3:24am Sep 22, 2008 3:24am
Quoting karmostaji
I'm waiting to buy around 193.50 unless 1h QQE crosses upwards and we get a 1h candle above the gann hilo.
I had been waiting all day for that to happen...193.55.. come down already.
Markets are not Random, they are designed!
  • #116,422
  • Sep 22, 2008 3:25am Sep 22, 2008 3:25am
Quoting forexlion
placed short entry on 195.75 again, lets see if i get it

I see you got filled & you're in profit... What is your take profit level?
  • #116,423
  • Sep 22, 2008 3:28am Sep 22, 2008 3:28am
Quoting OrionsWay
short euros again this am 4572

caught a quick stop

again at 4588


caight another quick stop LOL
again @ 4597
trying to pick tops arent we

hold ur horses bro, u'll get all a really good short at the top.

i'm waiting for 1.4650 - 1.47 to short
  • #116,424
  • Sep 22, 2008 3:34am Sep 22, 2008 3:34am
Quoting lilmoe
trying to pick tops arent we

hold ur horses bro, u'll get all a really good short at the top.

i'm waiting for 1.4650 - 1.47 to short
just scalpin the stair the steps for now SL's are 1-2 ticls over the hi
"Millionaires don't use astrology, billionaires do"
  • #116,425
  • Sep 22, 2008 3:41am Sep 22, 2008 3:41am
Quoting Tony1
I see you got filled & you're in profit... What is your take profit level?
i am scalping on the 5 min candles
  • #116,426
  • Sep 22, 2008 3:44am Sep 22, 2008 3:44am
Quoting forexlion
i am scalping on the 5 min candles
but i am more interested in 192.78, and then a possible bounce
  • #116,427
  • Sep 22, 2008 5:27am Sep 22, 2008 5:27am
maybe this will help. it is for an older version of zup, and it is for the classical indicator not for zup_rsi, but explains a lot of things.
http://articles.mql4.com/376

Quoting GodfreyH
Unfortunately not, the creator, Nen, is Russian and the site with all details is also in Russian, I've searched several forums but I haven't seen an English translation for this, but.... now that the scales have fallen off my eyes (thanks in part to Lilmoe), I now understand fib expansions and their relationship with the gartley patterns and why they may fail, and if they fail where they may go to.

Even if a pattern doesn't form, I actually use the zup_rsi to create patterns using the extremities. So, the first chart shows the basic chart and the second chart shows where I have filled in the extremities to create a pattern and then run a fib expansion on that pattern.
Nihil Sine Deo.
  • #116,428
  • Sep 22, 2008 5:35am Sep 22, 2008 5:35am
I'll be posting in my own thread more often for those who are interested to learn auslanco's system plus the other indicators I use to trade. The link can be found in my signature.
Trade what you see, not what you think.
  • #116,429
  • Sep 22, 2008 5:43am Sep 22, 2008 5:43am
Quoting karmostaji
I'll be posting in my own thread more often for those who are interested to learn auslanco's system plus the other indicators I use to trade. The link can be found in my signature.
That's cool karmo.
Thanks
  • #116,430
  • Sep 22, 2008 5:43am Sep 22, 2008 5:43am
Quoting Scrat
maybe this will help. it is for an older version of zup, and it is for the classical indicator not for zup_rsi, but explains a lot of things.
http://articles.mql4.com/376
Thanks Scrat
  • #116,431
  • Sep 22, 2008 5:45am Sep 22, 2008 5:45am
Quote
Originally Posted by karmostaji
I'll be posting in my own thread more often for those who are interested to learn auslanco's system plus the other indicators I use to trade. The link can be found in my signature.
Really looking forward to that karmo...
  • #116,432
  • Sep 22, 2008 5:46am Sep 22, 2008 5:46am
it is particularly interesting that PA can't seem to break 196.2 area.
  • #116,433
  • Sep 22, 2008 5:55am Sep 22, 2008 5:55am
Quoting karmostaji
I'll be posting in my own thread more often for those who are interested to learn auslanco's system plus the other indicators I use to trade. The link can be found in my signature.
c ya there
  • #116,434
  • Sep 22, 2008 5:56am Sep 22, 2008 5:56am
Quoting Eulogy
it is particularly interesting that PA can't seem to break 196.2 area.
once it breaks, next target will be 199 area, but it starts to come down then I see support around 194
Trade what you see, not what you think.
  • #116,435
  • Sep 22, 2008 6:16am Sep 22, 2008 6:16am
Ascending triangle on 4 h
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  • #116,436
  • Sep 22, 2008 6:45am Sep 22, 2008 6:45am
If GU continues to rise, UJ falls, I suppose this beast will follow GU?

It's been waffling between following the two pairs...
  • #116,437
  • Sep 22, 2008 6:55am Sep 22, 2008 6:55am
Quoting karmostaji
I'm waiting to buy around 193.50 unless 1h QQE crosses upwards and we get a 1h candle above the gann hilo.
193.50 that is my GJ sell TP

have u got any idea on gbp/aud.. i long the pair with 2.22 in target
  • #116,438
  • Sep 22, 2008 6:56am Sep 22, 2008 6:56am
hey gang, how's it going? i haven't posted my analysis in quite some time, but i have some time now so here it is.
and i'm starting as usual with highest timeframe: monthly.
- downtrend is still intact, which means that we should sell all rallies on weekly, eventually daily. i have 2 trend lines on chart, and i am looking forward to the target area (179/177/176...), the 2 horizontal red lines.
- the tricky thing is this month's candle. bad news for downtrend so far, but we still have a week to go. however, if the candle closes in a similar position, we'll have a nice hammer which would suggest a halt to the current downtrend - and please don't jump into long term longs, because this would only mean the termination of the current downtrend, and NOT NECESSARILY the beginning of a new uptrend.

now let's go to weekly:
- again, downtrend. the huge hidden bearish divergence on macd has played out quite nicely (about 3000 pips) so far.
- the limit between downtrend and uptrend on weekly is basically the blue trend line... (when that is broken, just run a fibo from 251.04 to wherever this downtrend ended and set your target to 61.8)
- when do we know it's over? i would like to see at least one regular bullish divergence on CCI or macd, and i don't see any at this moment. so, my main activity is to sell the rallies on daily.

now let's go to daily and h4.
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Nihil Sine Deo.
  • #116,439
  • Edited 7:21am Sep 22, 2008 6:56am | Edited 7:21am
i see this on daily:
- uptrend: daily shows a retracement so far.
- yes, there is a huge hidden bearish divergence on macd, but this is not a signal that this daily rally has ended. in fact there is more to come.
- potential targets for this rally are 50 (200.15) and 61.8 (203.80) fibo retracements. a very aggressive rally would climb as high as the blue (weekly) trend line, or monthly 5sma - 205.50.
however, after this rally is completed, i expect downtrend to resume.

and now let's go to h4 to dissect this daily rally.
- uptrend, obviously.
- current h4 move looks like an impulse, and this tells me 2 things:
1) it is not over (i expect a pull down to 193.20 area or a consolidation before another small rally), and
2) daily rally would probably look like a 5-3-5... that is: h4 up (current), h4 down (191/192), then another h4 up (to complete the daily rally, see above for final daily targets).
- we need to see at least a regular bearish divergence on h4 before we could think about shorting for 178 area. and i don't see any, so trend on h4 is still up.

i don't want to go lower than h4... because i only have time to watch this once at 4 hours. so this is it for now.
trade wisely or stay out if you don't understand.
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Nihil Sine Deo.
  • #116,440
  • Sep 22, 2008 7:19am Sep 22, 2008 7:19am
Quoting Scrat
i see this on daily:
- uptrend: daily shows a retracement so far.
- yes, there is a huge hidden bearish divergence on macd, but this is not a signal that this daily rally has ended. in fact there is more to come.
- potential targets for this rally are 50 (200.15) and 61.8 (203.80) fibo retracements. a very aggressive rally would climb as high as the blue (weekly) trend line, or monthly 5sma.
however, after this rally is completed, i expect downtrend to resume.

and now let's go to h4 to dissect this daily rally.
- uptrend, obviously.
- current h4 move looks like an impulse, and this tells me 2 things:
1) it is not over (i expect a pull down to 193.20 area or a consolidation before another small rally), and
2) daily rally would probably look like a 5-3-5... that is: h4 up (current), h4 down (191/192), then another h4 up (to complete the daily rally, see above for final daily targets).
- we need to see at least a regular bearish divergence on h4 before we could think about shorting for 178 area. and i don't see any, so trend on h4 is still up.

i don't want to go lower than h4... because i only have time to watch this once at 4 hours. so this is it for now.
trade wisely or stay out if you don't understand.
nice posting .. thanks for taking the time to put it together
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