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

  • #116,581
  • Sep 22, 2008 3:29pm Sep 22, 2008 3:29pm
Quoting mktjong
Malcolmb,

What do u think about AU. It's having bearish div, good time to short (?). I think it's good for atleast 100 pips down :-)
See Malcolmb, my analysis is right ..
  • #116,582
  • Sep 22, 2008 3:33pm Sep 22, 2008 3:33pm
Quoting TraderStar
Thanks but I know how to do that .. I can also modify the code of the indicators to customize them .. what I was referring to is your indicator has a wider range of movement than mine does .. on the chart you put up you could draw a clear TL that had an obvious slope downward .. whereas on my indicator the same TL drawn would barely slope at all ... am I explaining it OK?
Wait .. never mind, I just found the problem .. I had to uncheck the fixed minimum and fixed maximum boxes .. now it looks like yours
Much better!
now I get you .. sounds like you have it sorted out .. re size the boxes for price and indicator
Blogging daily now at www.volume.zone
  • #116,583
  • Sep 22, 2008 3:54pm Sep 22, 2008 3:54pm
Quoting malcolmb14
now I get you .. sounds like you have it sorted out .. re size the boxes for price and indicator
Yes, now I understand why others like this indicator .. I could never figure out what was so special about it as on my charts it was just a flat squiggly line LOL
Do you have max & min settings in those boxes, or just leave them unchecked?
I reallly like being able to make those trendlines on the 15' RSI, that is going to help a lot .. can't wait for next session to try it out Thanks again.
  • #116,584
  • Sep 22, 2008 3:57pm Sep 22, 2008 3:57pm
So much for the northern movements.

Quoting rrram2
It worked the last 4 or 5 times.
  • #116,585
  • Sep 22, 2008 4:00pm Sep 22, 2008 4:00pm
Quoting rrram2
So much for the northern movements.
my hats off to you rrram.
  • #116,586
  • Sep 22, 2008 4:01pm Sep 22, 2008 4:01pm
Quoting TraderStar
Yes, now I understand why others like this indicator .. I could never figure out what was so special about it as on my charts it was just a flat squiggly line LOL
Do you have max & min settings in those boxes, or just leave them unchecked?
I reallly like being able to make those trendlines on the 15' RSI, that is going to help a lot .. can't wait for next session to try it out Thanks again.
I use tradestation and proact charts .. slightly different ways to get my indicator boxes biggers.

do not forget to look out for double bottoms / tops , heads and shoulders , pennants etc on the indicator also

also watch for those bullish and bearish divergences

here is 5 min chart showing down trend line and an uptrend line on the bototm s ... kind of like a pennant .. break either way is the direction to trade.

I think Asia is on vacation tonight....

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 22 KB
Blogging daily now at www.volume.zone
  • #116,587
  • Sep 22, 2008 4:03pm Sep 22, 2008 4:03pm
Bought at 197.00? I reckon if you hold it long enough guppy will turn around.
But as to how far she will fall this time before she gets back to 197 nobody knows. I've still got some longs up there in the high 196's that I will continue to hold LT. But for now I am focusing on the shorts, trying to peel them off as she rides down.

I feel like she has a severe downward correction due because you cannot bail someone out with a promise to pay, had someone brought some real money,
things would be different.

Quoting hantousha
Any guesses on what the Asia Hours will bring for the GJ? I bought this beast @ 197 and hoping to recover...
  • #116,588
  • Sep 22, 2008 4:14pm Sep 22, 2008 4:14pm


Quoting TraderStar
Tomorrow is a holiday in Japan?
[
  • #116,589
  • Sep 22, 2008 4:18pm Sep 22, 2008 4:18pm
Japan market is off today. But we may still see some fireworks by other Asian countries, Hongkong , Singapore, Korea, etc, all dump the dollar and buy Yen ..
4 hr macd already crossed to downside. It may become the beginning of a big down move..
  • #116,590
  • Sep 22, 2008 4:29pm Sep 22, 2008 4:29pm
Bearish Engulfing Candle at H4 chart
Attached Image (click to enlarge)
Click to Enlarge Name: bec.gif Size: 30 KB
  • #116,591
  • Sep 22, 2008 4:41pm Sep 22, 2008 4:41pm
Here is my take for what it is worth.
Gold and oil go together. Oil is traded in USD. When oil is up gold is up
and USD is down. USD and gold/oil go mostly opposite. So when oil goes up the dollar suffers as we are a huge oil importer. When the dollar suffers GJ, suffers, because GJ normally goes up with a stronger dollar. A strong dollar normally yields a strong DJIA, and a strong DJIA alwasy seems to carry the guppy higher. Its a big mess to think about all the crazy correlations.
Oil and gold go together because it takes oil to get gold out of the ground and the higher the oil goes the more it costs to extract and manufacture gold. Gold and the USD go opposite for obvious reasons. Gold has true value and is true money, USD is not money it is only a fiat currency with no underlying asset. Gold is a safe haven while the dollar is actually useless paper accepted as money and not attached to an underlying asset.
And I for one dont have much faith in the USD being backed up by the full faith and credit of the united states. And this bailout is nothing more than a slight of hand and/or paying off a bad check (promise to pay) with another bad check.


Quoting Cdawg
Malcom,


Dumb question here, why is the price of oil significant to the GJ?

GU and EU, i understand, but not how its related to the GJ.

Thanks
  • #116,592
  • Sep 22, 2008 4:50pm Sep 22, 2008 4:50pm
Double top on the hourly may very well lead us back down to hit the bottom bound of the weekly downtrend. SELL SMALL LOTS!
  • #116,593
  • Sep 22, 2008 5:11pm Sep 22, 2008 5:11pm
1hr double top + 1hr bearish divergence
Attached Image (click to enlarge)
Click to Enlarge Name: gj4.JPG Size: 157 KB
Do not follow my trades. Trade what you see on your own charts.
  • #116,594
  • Sep 22, 2008 5:37pm Sep 22, 2008 5:37pm
Quoting rrram2
Here is my take for what it is worth.
Gold and oil go together. Oil is traded in USD. When oil is up gold is up
and USD is down. USD and gold/oil go mostly opposite. So when oil goes up the dollar suffers as we are a huge oil importer. When the dollar suffers GJ, suffers, because GJ normally goes up with a stronger dollar. A strong dollar normally yields a strong DJIA, and a strong DJIA alwasy seems to carry the guppy higher. Its a big mess to think about all the crazy correlations.
Oil and gold go together because it takes oil to get gold out of the ground and the higher the oil goes the more it costs to extract and manufacture gold. Gold and the USD go opposite for obvious reasons. Gold has true value and is true money, USD is not money it is only a fiat currency with no underlying asset. Gold is a safe haven while the dollar is actually useless paper accepted as money and not attached to an underlying asset.
And I for one dont have much faith in the USD being backed up by the full faith and credit of the united states. And this bailout is nothing more than a slight of hand and/or paying off a bad check (promise to pay) with another bad check.

Good explanation. You forgot the final line however.


Buy gold, because the dollar is doomed
  • #116,595
  • Sep 22, 2008 6:02pm Sep 22, 2008 6:02pm
I coated worth 196.70, until then I will live to 15 minutes ...
aop
  • #116,596
  • Sep 22, 2008 6:05pm Sep 22, 2008 6:05pm
Well, the October oil contracts closed today, and as I predicted, those idiots that went short after Ike got their clocks cleaned. Either the push down was market manipulation, and the manipulators didn't care about losing money, or those speculators are as dumb as stumps.

The October gasoline contracts close next week. Watch the other idiots that went short on gasoline get hammered now.
  • #116,597
  • Sep 22, 2008 6:10pm Sep 22, 2008 6:10pm
look likes she slowly trickles back to 196.80
Blogging daily now at www.volume.zone
  • #116,598
  • Sep 22, 2008 6:11pm Sep 22, 2008 6:11pm
This pair a bit stubborned today .. crazy move.
I think current level is very good to short down for about 200 pips down, don't u think?
  • #116,599
  • Sep 22, 2008 6:13pm Sep 22, 2008 6:13pm
Quoting mktjong
This pair a bit stubborned today .. crazy move.
I think current level is very good to short down for about 200 pips down, don't u think?
Everytime it moves up, I add another short to my collection.
  • #116,600
  • Sep 22, 2008 6:13pm Sep 22, 2008 6:13pm
Quoting markam
Good explanation. You forgot the final line however.


Buy gold, because the dollar is doomed
colud be but look here from big move up in dx
in that bigger picture this is a wave 4 bottom or going to be MAYBE LOL
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_16.gif Size: 59 KB
"Millionaires don't use astrology, billionaires do"
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