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

  • #140,961
  • Nov 22, 2008 3:22pm Nov 22, 2008 3:22pm
Im observing a similar scenario as well. I say if the divergence will be confirmed she might go to a possible target 165.049 - the last months high i have drawn in light green coloured horizontal line. Heres simple chart thats on my screen right now. Lets see where the price wants to go.

Quoting Scrat
before i dive into the weekend, i thought about posting these charts here along with some quick notes. i'm sure something similar has been mentioned before (if so, i apologize as i don't have time to read all the posts) but i think it is very important.
daily shows a bullish regular divergence on RSI and CCI; qqe has crossed up. if that green trend line is broken (that is, 148 is taken), i think we can say hello and shake hands with 160 because this beast will fart a nice rally.
h4 is going up. we can see the bullish regular divergence on RSI, CCI...
Attached Image (click to enlarge)
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  • #140,962
  • Nov 22, 2008 3:29pm Nov 22, 2008 3:29pm
Quoting Pips_Cruiser
Hi Godfrey. Interesting project! I hope things work out. ... Possible "filters" I can think of right now are: Daily pivot, 5sma, and time of day. Feel free to send me a PM if you'd like to kick some ideas around.
Also other time frames . . .

  • #140,963
  • Nov 22, 2008 3:45pm Nov 22, 2008 3:45pm
Quoting Pips_Cruiser
Also other time frames . . .

Ah yes, well to tell the truth, once we sort out the initial snag of adding filters, the skys the limit.

I want to add user defined true/false filters for pivot level, session time, agreement with longer time frame qqe, cci , 50 ema moving average filters and even moving average angles.

So if a particular user defined moving average is too "flat" (the slope/angle as determined by the user), then the ea won't take a trade.

Those will certainly filter out ranging markets. Hopefully it won't filter out all trades. lol

As soon as the additional filter coding is sorted out I'll certainly PM you.
  • #140,964
  • Nov 22, 2008 3:52pm Nov 22, 2008 3:52pm
does anyone see regular bullish divergence on geppy h4? (my oscilator is momentum10)
  • #140,965
  • Nov 22, 2008 4:05pm Nov 22, 2008 4:05pm
A chart tells a thousand words. Take a look what cable might be cooking for us in near-term. Posted this @ Igroks cave so not to repeat myself heres the link to original post. If the divergence is valid then the target of 1.6671 will be achieved

Regards,

P.
  • #140,966
  • Nov 22, 2008 4:09pm Nov 22, 2008 4:09pm
Quoting belekas
Im observing a similar scenario as well. I say if the divergence will be confirmed she might go to a possible target 165.049 - the last months high i have drawn in light green coloured horizontal line. Heres simple chart thats on my screen right now. Lets see where the price wants to go.
Belekas, how do you equate the macd divergence itself, if confirmed, to the last swing high?
  • #140,967
  • Nov 22, 2008 4:10pm Nov 22, 2008 4:10pm
Quoting GodfreyH
Ah yes, well to tell the truth, once we sort out the initial snag of adding filters, the skys the limit.

I want to add user defined true/false filters for pivot level, session time, agreement with longer time frame qqe, cci , 50 ema moving average filters and even moving average angles.

So if a particular user defined moving average is too "flat" (the slope/angle as determined by the user), then the ea won't take a trade.

Those will certainly filter out ranging markets. Hopefully it won't filter out all trades. lol

As soon as the additional...
I like that design.

  • #140,968
  • Nov 22, 2008 4:14pm Nov 22, 2008 4:14pm
Quoting GodfreyH
Belekas, how do you equate the macd divergence itself, if confirmed, to the last swing high?
This is one of the precisely nothing but outstanding results providing hint/clue from the russian master in TA - Mr Toshchakov ala Igrok. He has a "home" @ ff where he talks about his method.
  • #140,969
  • Edited 8:36pm Nov 22, 2008 4:41pm | Edited 8:36pm
Based on my Daily charts with line and candlesticks, the Daily trendline finally breached the trendline that been holding for 3 months.

The daily chart with the last two candlesticks shows a tweezer bottoms(twins) meaning reversal..

The daily chart with the line shows a breached of the daily trendline.(possible reversal)

Confirmation for an overall uptrend bias it have to breach the 160 level or 50EMA to confirm an uptrend and not a pullback.


I use mainly daily chart trendlines for my overall bias direction..

Indicators are always seem to lag. RSI and MACD helps sometime for the HD.

Overall the trend is your friend!!!

Since the JPY are on a holiday Monday and the DJ reacted positive to the political choice for Federal Reserve Friday, I believe the surge for DJ and GJ will continue Monday until the Home sales or GBP Treasury Committe hearing tuesday..

The economy is bad, this hopeless rally friday is only an opportunity for a better position to short..

The facts are still there for jobless claims at record high,record mortgage foreclosures, record number of banks and car dealerships filing bankruptcy.

This spells a long and DEEP RECESSION.. I wonder if the feds will cut the rate to zero next month or .25% rate..



Good Luck..


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  • #140,970
  • Nov 22, 2008 4:56pm Nov 22, 2008 4:56pm
Quoting rgitt05
Based on my Daily charts with line and candlesticks, the Daily trendline finally breached the trendline that been holding for 3 months.

The daily chart with the last two candlesticks shows a tweezer bottoms(twins) meaning reversal..

The daily chart with the line shows a breached of the daily trendline.(possible reversal)

Confirmation for an uptrend bias it have to breach the 152 level to confirm an uptrend and not a pullback.


I use mainly daily chart trendlines for my overall bias direction..

Indicators are always seem to...
  • #140,971
  • Nov 22, 2008 4:57pm Nov 22, 2008 4:57pm
Quoting lilmoe
i'm not sure if u're aware, but i'm also a 26 year old "kid". karmo is 22 or 23 not sure, malcomb and ovaforty are the old folks around here lol. taking age as an excuse to bash others weakens your argument. at least that's what i think.


have a nice weekend

I'm not against youth, I admire the fact that so many of you are so young.. and so smart! I dislike his arrogance, which I never see from karmo, and rarely from you. I see no sign that he is that good of a trader; if I want to scalp, I'll listen to you & malcolmb, however most of the time I am not interested in scalping.
Anyway, peace to all, I won't be posting anymore on this topic.
  • #140,972
  • Nov 22, 2008 4:57pm Nov 22, 2008 4:57pm
Quoting rgitt05
The economy is bad, this hopeless rally friday is only an opportunity for a better position to short..

The facts are still there for jobless claims at record high,record mortgage foreclosures, record number of banks and car dealerships filing bankruptcy.

This spells a long and DEEP RECESSION.. I wonder if the feds will cut the rate to zero next month or .25% rate..
  • #140,973
  • Nov 22, 2008 5:36pm Nov 22, 2008 5:36pm
Quoting Pips_Cruiser
Nice. The QQE5 on the 15min chart moved into oversold (30) at that time, also. Same thing when price eventually hit the daily low. Hmm . . .
I am not talking about the 15 min I am talking about the 12 hour chart turning bullish
Blogging daily now at www.volume.zone
  • #140,974
  • Nov 22, 2008 5:38pm Nov 22, 2008 5:38pm
Quoting belekas
A chart tells a thousand words. Take a look what cable might be cooking for us in near-term. Posted this @ Igroks cave so not to repeat myself heres the link to original post. If the divergence is valid then the target of 1.6671 will be achieved

Regards,

P.

I have been watching that also and the dollar index top forming ... usd going to get snot kicked out of it soon
Blogging daily now at www.volume.zone
  • #140,975
  • Nov 22, 2008 5:45pm Nov 22, 2008 5:45pm
Quoting TraderStar
I'm not against youth, I admire the fact that so many of you are so young.. and so smart! I dislike his arrogance, which I never see from karmo, and rarely from you. I see no sign that he is that good of a trader; if I want to scalp, I'll listen to you & malcolmb, however most of the time I am not interested in scalping.
Anyway, peace to all, I won't be posting anymore on this topic.
honestly ts ..... dr geppy is not arrogant as you seem to think he is . I have become friends with him through this forum. He has spent countless hours showing me vsa and has a deep seated passion in trading. You really may want to bury the hatchet with him and move on . There is lots to be learned from him that will make you loads of $$$$$ , things that show up miles before indicators.

With what he has taught me I know that I was safe entering a healthy long position at last dip under 139 , when Karmo and the bear gang calling 130 and lower last Friday.

I also knew I was safe buying 4 contract of dj futures ( like trading 2 standard) for a 500 - 800 point rally on the dj .

also note his call that got laughed at when he said dj was going to rally Friday and that buying of the gbpjpy was going on. Again the methods he uses were right.

when i took both of these trades the longer time frame indicators were still pointing down.

On the last dollar index top he was there showing me the reason for the gbpusd rally ... it happened for 1700 pips

he is not only a day trader but an awesome swing trader

do not discount his postings .....that is all I can say . I hope you can overcome your differences.
Blogging daily now at www.volume.zone
  • #140,976
  • Nov 22, 2008 5:57pm Nov 22, 2008 5:57pm
i'm glad everyone's bias is starting to change now i hate to see anyone losing money.

charts don't lie, and one must always stick to what he sees on the chart and yes karmo, the truth is hard to accept sometimes.
  • #140,977
  • Nov 22, 2008 6:01pm Nov 22, 2008 6:01pm
Quoting lilmoe
i'm glad everyone's bias is starting to change now i hate to see anyone losing money.

charts don't lie, and one must always stick to what he sees on the chart and yes karmo, the truth is hard to accept sometimes.
lilmoe .. do not be so hard on the king ...lol

next they will be saying he was the first one that said it is going back to 165
Blogging daily now at www.volume.zone
  • #140,978
  • Nov 22, 2008 6:03pm Nov 22, 2008 6:03pm
There is a lot of speculation in the weekend press that there might be government rescue package for embattled US banking giant Citigroup as early as this weekend. Bloomberg reported that investors and analysts are saying that the government may have to step in to end the crisis after half the equity value was lost in three days, due to the fact that Citigroup is in the "too big to fail" category. Bloomberg reports that one option may be for the Fed and Treasury to create a special vehicle to purchase bad assets from Citi. The NY Times reports that officials have weighed several options including whether to replace Citigroup"s chief executive Pandit or sell all or part of the company. Other options discussed included a public endorsement from the government or a new financial lifeline.
According to the NY Times report, government officials said that the Treasury Department was considering whether to ask for the second half of the 700 BLN USD rescue fund approved by Congress in September. The report said that it was unclear whether any of that money would be used to make a cash infusion into Citigroup, which received 25 BLN from the government in October. A second financial rescue for banks might be difficult politically at a time that the struggling auto industry is being turned away in Washington.
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  • #140,979
  • Nov 22, 2008 6:07pm Nov 22, 2008 6:07pm
Quoting malcolmb14
honestly ts ..... dr geppy is not arrogant as you seem to think he is . I have become friends with him through this forum. He has spent countless hours showing me vsa and has a deep seated passion in trading. You really may want to bury the hatchet with him and move on . There is lots to be learned from him that will make you loads of $$$$$ , things that show up miles before indicators.

With what he has taught me I know that I was safe entering a healthy long position at last dip under 139 , when Karmo and the bear gang calling 130 and lower last...

  • #140,980
  • Edited 6:53pm Nov 22, 2008 6:09pm | Edited 6:53pm
Quoting malcolmb14
I have been watching that also and the dollar index top forming ... usd going to get snot kicked out of it soon
What broker do you use for the USDX? The one im using doesnt have history so i cant post my analysis but theres a confirmed monthly bullish divergence targeting 93+, dont remmmeber quite well now. So a correction and then another leg up to the "must reach" target.

edit: the target is the 92.53 - the double top from 2004-2005 which is the resistance level as well. Though theres a gap just above @ 94.73-95.13 that might be closed. Just food for thought
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