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

  • #130,021
  • Nov 1, 2008 10:05am Nov 1, 2008 10:05am
Quoting mktjong
Down .. am looking to 113 area ..

I thought i was mad when i was looking at 125
Blogging daily now at www.volume.zone
  • #130,022
  • Nov 1, 2008 10:09am Nov 1, 2008 10:09am
Anybody again please, what is the link to check the week-end price? I have my comp hard-drive formatted, lost all saved info .. thanks a lot.
  • #130,023
  • Nov 1, 2008 10:18am Nov 1, 2008 10:18am
Quoting fxslinger
Choppy market, but you can still make money....
I'll give it a try ... seems to be a simple and clear system for scalping.
Discipline + Patience - Fear - Greed = Success
  • #130,024
  • Edited 12:45pm Nov 1, 2008 10:33am | Edited 12:45pm
Quoting mktjong
Anybody again please, what is the link to check the week-end price? I have my comp hard-drive formatted, lost all saved info .. thanks a lot.
I use this site for real-time quotes, even in after-hours.

http://www.forex-markets.com/quotes.htm
  • #130,025
  • Edited 10:46am Nov 1, 2008 10:34am | Edited 10:46am
Quoting arezab
I'll give it a try ... seems to be a simple and clear system for scalping.
Demo trade it for awhile before using real money so you can get comfortable with it. And if you do use real money, trade with small enough lot sizes where you aren't panicked out of the trade before it becomes profitable. Scalping is not for the feint of heart, trust me on that one.
  • #130,026
  • Nov 1, 2008 10:45am Nov 1, 2008 10:45am
Quoting fxslinger
There's a couple sites I use for real-time quotes, even in after-hours.

http://www.forex-markets.com/quotes.htm

http://www.fxstreet.com/rates-charts/forex-rates/
Thanks a lot dude .. appreciate it
  • #130,027
  • Nov 1, 2008 10:51am Nov 1, 2008 10:51am
Quoting fxslinger
I wish I could, but I don't know how to do it on metatrader4. Do you know how to make a live 2 min or 3 min chart? I don't like the offline way that metatrader uses to make custom timeframe charts.
Use this ...

Period converter_opt indicator.

This is not a script. This is an indicator and must be put inside ...\experts\indicators folder to work. Also don't forget to enable "allow .dll import" in ...\tools\options\expert advisor tab otherwise this won't work.

You must open a we say 1 minute chart in MT4 and drag and drop this indicator into the chart. Then go to settings of the indicator and enter "3" (if for example you want to have a 3M chart) in "period multiplier" field (Keep every other settings intact specially "UpdateInterval" field which should be 0 to reflect the live feeds instantly from 1M chart into 3M chart). This will multiply the time frame of this chart to 3.

So far you have made a 3M chart but to open it you have to go to file>open offline. Search for the pair you opened befor (for example GBPJPY, M3 for our case ... it should be there now) and open it.

... da daaaan you have a 3 minute chart now. But don't forget to keep your M1 chart open because if you close it the new M3 chart will not reflect live feeds from the market and will be a standstill chart. As long as you keep this M1 chart open with this indicator applied to it, your new M3 chart will show live market movement instantly. Now you can apply any template or indicator you have to this chart and that will work.

Feel free to ask me any quistions if any.
Attached File(s)
File Type: mq4 Period_Converter_Opt.mq4   15 KB | 460 downloads
Discipline + Patience - Fear - Greed = Success
  • #130,028
  • Edited 3:16pm Nov 1, 2008 11:09am | Edited 3:16pm
Quoting malcolmb14
well .... large upmove .. market does not like these .... stopped dead on T30 line and then dropped under 156 .. seemed like good place for close and reverse for short ...seeing we moved 200 pips in 10 min.....

Attachment

Malcolm, I am assuming the T30 line is a 30 pip grid line? I'm not sure how this technique works yet, its been difficult keeping up with the thread.

Perhaps it adds structure, anyway for those who might be interested, I have cobbled together an indicator that will allow you to place user-defined level lines on your chart. So you can have 30 pip ,60 pip (or whatever pip) level lines.

The indicator allows you to indicate uptrend, meaning it will draw the lines upwards. Enter false to draw downwards. It also allows you to enter a starting price.

Press ok and then you will have to click to another timeframe and then back to see the lines.

Finally, you can drag the horizontal line representing the starting price to any point on the chart. Click to another time frame and back and it will start the lines from the new point.

Edit: mt4 file posted instead of .ex4
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot005.gif Size: 79 KB
Attached File(s)
File Type: mq4 Level_lines v1.mq4   17 KB | 464 downloads
  • #130,029
  • Nov 1, 2008 11:15am Nov 1, 2008 11:15am
Quoting GodfreyH
Malcolm, I am assuming the T30 line is a 30 pip grid line?...
This indicator has very nice features my friend. I had a similar indicator called "GridBuilder" which put those line but without these necessary features but this one is great.

Thanks for sharing.
Discipline + Patience - Fear - Greed = Success
  • #130,030
  • Nov 1, 2008 11:17am Nov 1, 2008 11:17am
Quoting fxslinger
Choppy market, but you can still make money....
If you could post your template file too, it would be nice.

Thanks
Discipline + Patience - Fear - Greed = Success
  • #130,031
  • Nov 1, 2008 11:27am Nov 1, 2008 11:27am
Quoting arezab
This indicator has very nice features my friend. I had a similar indicator called \\"GridBuilder\\" which put those line but without these necessary features but this one is great.

Thanks for sharing.
  • #130,032
  • Nov 1, 2008 11:27am Nov 1, 2008 11:27am
For the last several years i have always used VT Trader and CMSFX as my broker and after the last month have decided to make a switch to MT4 and another broker.

Can someone recommend a good US broker who uses MT4?

Thanks
--post hoc ergo propter hoc--
  • #130,033
  • Nov 1, 2008 11:37am Nov 1, 2008 11:37am
Like a dummy I entered short before work on Friday, I set a WIDE sl and survived (still negative but managable) So are these sites giving us an idea of what we'll see Sunday evening when it re-opens (I show 158.19 on FX Street) ?

Monk I use IBFX and I hear they pay well, I have not seen the spurious spikes others have mentioned.
  • #130,034
  • Nov 1, 2008 11:55am Nov 1, 2008 11:55am
Quoting GodfreyH
I tried to put this on my chart. It causes my platform to crash. I don't know the reason but I did it several times and every time the crash window appeared and I had to close the platform.

Do you know what is the problem?
Discipline + Patience - Fear - Greed = Success
  • #130,035
  • Edited 12:55pm Nov 1, 2008 12:41pm | Edited 12:55pm
Quoting arezab
If you could post your template file too, it would be nice.

Thanks
Here's the template file. I've never attached a template file before, so I hope it works.

I also have the CandleTime (2).mq4 and ZUP_v69.mq4 indicators on my chart. I don't know if you need those in your indicator folder before loading the template, but I've attached them also.
Attached File(s)
File Type: tpl 5 minute - rsi, lswpr, zerolag macd.tpl   10 KB | 395 downloads
File Type: mq4 CandleTime (2).mq4   2 KB | 373 downloads
File Type: mq4 ZUP_v69.mq4   271 KB | 495 downloads
  • #130,036
  • Edited 1:18pm Nov 1, 2008 12:45pm | Edited 1:18pm
Quoting Jimbop
Like a dummy I entered short before work on Friday, I set a WIDE sl and survived (still negative but managable) So are these sites giving us an idea of what we'll see Sunday evening when it re-opens (I show 158.19 on FX Street) ?

Monk I use IBFX and I hear they pay well, I have not seen the spurious spikes others have mentioned.
It looks like the fxstreet quotes aren't accurate. I'll take that link off my previous post. Use the forex-markets link, it appears accurate.

http://www.forex-markets.com/quotes.htm

Another site that appears accurate is

http://forex.tradingcharts.com/quote...ish_pound.html

This site shows a real-time chart of GBPJPY:

http://quotes.ino.com/chart/?s=FOREX_GBPJPY&v=i
  • #130,037
  • Nov 1, 2008 12:47pm Nov 1, 2008 12:47pm
Quoting arezab
Use this ...

Period converter_opt indicator.

This is not a script...
Thank you bro, I'll try it.
  • #130,038
  • Nov 1, 2008 1:43pm Nov 1, 2008 1:43pm
Quoting fxslinger
It looks like the fxstreet quotes aren't accurate. I'll take that link off my previous post. Use the forex-markets link, it appears accurate.

http://www.forex-markets.com/quotes.htm

Another site that appears accurate is

http://forex.tradingcharts.com/quote...ish_pound.html

This site shows a real-time chart of GBPJPY:

http://quotes.ino.com/chart/?s=FOREX_GBPJPY&v=i
Well that sux the other was 60+ pips for me LOL
  • #130,039
  • Nov 1, 2008 2:55pm Nov 1, 2008 2:55pm
GBP/JPY Weekly Outlook

GBP/JPY failed to take out 139.02 low last week and rebounded strongly to as high as 165.02 instead. Subsequent retreat indicates that an intraday top is formed and turned outlook neutral for the moment. Though, a break of 153.35 minor support is needed to indicate rise from 139.02 has completed and bring retest of this low. Otherwise, further upside could still be seen.
In the bigger picture, similar to EUR/JPY the question now is on whether fall from 251.09 has completed a five wave decline already. But in either case, more consolidation should now be seen as long as 139.02 low remains intact. The differences are that if a five wave sequence is already completed, consolidation from 139.02 will extend further towards 181.37 and will take longer time to complete. But in either case, firstly, upside should be limited by 181.37 resistance. Secondly, the long term down trend is still expected to resume after the consolidation. Thirdly, break of 139.02 is needed to confirm that such down trend has resumed.
In the longer term picture, as discussed before, whole rise from 129.32 (95 low) has completed with three waves up to 251.09 already. The corrective structure suggests that it's merely a consolidation in the longer term down trend. The strength of the decline from 251.09 is also consistent with the view that it's resumption of the multi-decade down trend. Such decline should develop into a five wave structure. Note that the decline from 215.87 is not treated as the fifth wave, but the third wave inside the third wave that started at 241.35. Hence, more medium term fall should still be seen before making a bottom. Focus now turns to 129.32 low after 148.19 is taken out already.
  • #130,040
  • Nov 1, 2008 3:01pm Nov 1, 2008 3:01pm
Quoting arezab
I tried to put this on my chart. It causes my platform to crash. I don't know the reason but I did it several times and every time the crash window appeared and I had to close the platform.

Do you know what is the problem?
...I'm using metatrader version 4 build 218 on IBFX. I also have Windsor brokers, but it's the same version as well.

If metatrader doesn't crash immediately, look in the experts menu option (in the trade terminal ) at the bottom of the screen. You'll see a log as shown below. You can use that to identify the problem.

If metatrader crashes immediately, use windows explorer to go to "/experts/logs/todays-date/ and open up that text file. It should show you any problems.

I am going to post the .mt4, rather than just the .ex file to the original post as well. load the .mt4 file rather than the .ex4 file.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot006.gif Size: 54 KB
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