DislikedI'm using MCAD with below set in M30 chart:
EMA Fast: 48
EMA Slow: 72
MACD SMA: 9Ignored
Can you just tell us in some simple words next to the numbers ?
Thanks
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DislikedI'm using MCAD with below set in M30 chart:
EMA Fast: 48
EMA Slow: 72
MACD SMA: 9Ignored
DislikedWe also have an 89 EMA (hourly chart) at 226.18 and then the 23.6% fib retracement from the last major wave down at 225.92.
EDIT: 89 EMA at 226.19Ignored
DislikedSome my friends on this thread PMed me about my system, i trying for explain my system but i can not explain all information this need times! so i'm apologize.
NOTE: at this time i'm working for make an expert advistor on GBP/JPY pair with a template(indicators) for MT4 platform when it done i post in here.
IT'S FREE...Ignored
DislikedSorry, but I don't understand these numbers.
Can you just tell us in some simple words next to the numbers ?
ThanksIgnored
Dislikedhere is a daily view of the GBP/JPY. I see a H&S with the neckline broken at 232.50 or so. The distance from the top of the head to the neckline equals the distance from the neckline all the way down to 221 where the drop stopped. This is what one would expect from a H&S pattern. A 38.2 retracement would bring us at about 228, but i think more likely is to go for a 50fib retracement to 231.50or so, just shy of the current levels of the 50SMA. (Draw a longterm daily on the GBP/JPY and put a 50SMA, see how many times it acted as support, so now likely to be first major resistance on the way up. The fall from there might bring us back down to 229 (the 38Fib) or 226 (23.6Fib). Then I would prob expect a further rise to test the old neckline at 235, which are also the current levels of the 100SMA. Of course these are just my scribblings , any insights welcomehttp://img73.imageshack.us/img73/273...pydailykn6.jpgIgnored
DislikedI'm a noob here. My platform has this pair moving in ten-pip (even round number) increments.
Is this normal????Ignored