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

  • #145,581
  • Dec 3, 2008 8:46am Dec 3, 2008 8:46am
Can any one give me the Gan Hilo indicator for MT4. i have one version but its not showing any signals or arrows like i see on others charts. thanks in advance
  • #145,582
  • Dec 3, 2008 8:49am Dec 3, 2008 8:49am
GBP/USD: Recovery Envelope Pushed, Resistance at 1.4800 London, December 3. Cable has pushed its recovery envelope from a European morning 16-day low of 1.4662 to highs just shy of 1.4800. Sell stops below 1.4800 were tripped en route to 1.4662. The latter low was plumbed after the 09:30GMT disclosure of November"s worse-than-expected UK service sector PMI, which has increased the risk of a UK Bank Rate cut greater than the 100bp consensus forecast tomorrow. 1.4706 was the pre-UK service sector data low.
A UK clearer forecasts a 100bp Bank Rate cut to a record low-equaling 2.0% tomorrow--and a further 100bp cut to 1.0% next month (Jan 8). Ex-BoE MPC member Willem Buiter, who advocated last month"s bigger-than-expected 150bp Bank Rate cut, predicts that Bank Rate will be cut to zero in January or February 2009.
GBP/USD bear targets include 1.4560 (Nov 13, 77-month low), 1.4500, 1.4000, 1.3682 (June 2001 low) and 1.3000. Sterling plumbed its all-time low of 1.02 back in February 1985.
November"s US non-manufacturing index will be unveiled at 15:00GMT. A fall to 42.0, from 44.4 in October, is forecast.
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  • #145,583
  • Dec 3, 2008 8:51am Dec 3, 2008 8:51am
Quoting Islander
With all the sh*t that the UK's in thanks to 11 years of total economic missmanagement by the arrogent, incompetent, self centered, ignominious hypocritical d*ck heads that are inaccurately called a government GBP will probably be woth less than a Euro.....http://www.forexfactory.com/images/icons/icon11.gif

I voted with my feet a long time ago and have never regretted it......
I'm with you on that one!!!! Ah but it is all down to the Global crisis - not me Gov (quote Brown). Wish I had left as well
  • #145,584
  • Dec 3, 2008 8:51am Dec 3, 2008 8:51am
Attached File(s)
File Type: zip Gann.zip   4 KB | 293 downloads
  • #145,585
  • Dec 3, 2008 8:53am Dec 3, 2008 8:53am
looking for a drop from from 44.4 to 42.0 and the risk is that it prints weaker. But the real surprise may be if it's not as weak as feared, which could trigger a rebound in shares ahead of tomorrow's expected BOE/ECB rate cuts. Be flexible.

USD/JPY volatility has really tapered off between 8 am and 11 am Ny time...However, we do expect a "smashing party" to occur on a 92.50 break
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  • #145,586
  • Dec 3, 2008 8:56am Dec 3, 2008 8:56am
Quoting kasprouch

Thanks friend
  • #145,587
  • Dec 3, 2008 8:56am Dec 3, 2008 8:56am
Quoting Islander
With all the sh*t that the UK's in thanks to 11 years of total economic missmanagement by the arrogent, incompetent, self centered, ignominious hypocritical d*ck heads that are inaccurately called a government GBP will probably be woth less than a Euro.....http://www.forexfactory.com/images/icons/icon11.gif

I voted with my feet a long time ago and have never regretted it......
I third that..baby it was inevitable...The pound was top heavy and needed to loose weight...unfortunately i can see Atkins killing it...off....

For king..*ermmm..Queen and country...my A**
  • #145,588
  • Dec 3, 2008 8:57am Dec 3, 2008 8:57am
Quoting capetown
hello arezab..Malcolmb once showed his easy system on his thread..
15M chart and if price go below 50EMA short
and vice versa
easy, but I do not follow it this time..I do like Fibs and FE
IMO every system will work (i.e more or less make money) provided that you stick to it and follow it.

BTW don't worry about weaknesses or niches of your system, If you stick to it you will find them step by step and correct them (like lilmoe did, read his bio).

I believe a system consists of:

1- MM
2- Something on the chart to follow:
A: Indicators (if you are indicator trader)
B: Known patterns (PA and chart patterns)

nothing else.
Discipline + Patience - Fear - Greed = Success
  • #145,589
  • Dec 3, 2008 9:00am Dec 3, 2008 9:00am
2008.12.03 14:59:58 *US ISM Nov Non-Mfg Composite Index 37.3 Vs Oct 44.4
Trading Levels with WRBs
  • #145,590
  • Dec 3, 2008 9:01am Dec 3, 2008 9:01am
Quoting arezab
IMO every system will work (i.e more or less make money) provided that you stick to it and follow it.

BTW don't worry about weaknesses or niches of your system, If you stick to it you will find them step by step and correct them (like lilmoe did, read his bio).

I believe a system consists of:

1- MM
2- Something on the chart to follow:
A: Indicators (if you are indicator trader)
B: Known patterns (PA and chart patterns)

nothing else.

+ screening Time, and mindset
  • #145,591
  • Dec 3, 2008 9:01am Dec 3, 2008 9:01am
Quoting rgitt05
Greed
  • #145,592
  • Dec 3, 2008 9:06am Dec 3, 2008 9:06am
Weaker than expected ISM services is yet another negative for market sentiment...JPY-crosses are revisiting their lows but stock are not plunging just yet. Perhaps its a case of how 'many times can the same bad news be delivered?' before it stops having an impact. Still, the details of the report are weak, with the unemployment index dropping from 41.5 to 31.3, setting the stage for a dismal NFP reading on Friday.



Waiting for the 11am London close...
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  • #145,593
  • Dec 3, 2008 9:09am Dec 3, 2008 9:09am
1 in hand is better than billions on the net.

its a bad idea, and i do not like it.


Quoting susufx
You seriously need to consider the suggestion the doc prescribed earlier. I strongly recommend it myself as well!

Here's the link again!

http://www.ehow.com/how_2326249_laid...nd-finder.html
  • #145,594
  • Dec 3, 2008 9:11am Dec 3, 2008 9:11am
Quoting forexlion
I am still on the fence, watching the chicks
sitting on the fence helps, atleast i avoided the chop chop
  • #145,595
  • Dec 3, 2008 9:11am Dec 3, 2008 9:11am
Oversold price is somewhat holding price to go down further .. it may tick up a bit before down again .. me think ..hhmmm
  • #145,596
  • Dec 3, 2008 9:12am Dec 3, 2008 9:12am
Quoting Piters
+ screening Time, and mindset
That is for sure
Discipline + Patience - Fear - Greed = Success
  • #145,597
  • Dec 3, 2008 9:13am Dec 3, 2008 9:13am
Quoting forexlion
sitting on the fence helps, atleast i avoided the chop chop
to me these candles are purely chop chop

no rhyme or reason.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 14 KB
  • #145,598
  • Dec 3, 2008 9:14am Dec 3, 2008 9:14am
Break, RETEST, and DOWN



http://www.doske.com/fx/snapshot-310.png
  • #145,599
  • Dec 3, 2008 9:14am Dec 3, 2008 9:14am
this is the 4th time in 6 hours we have been at this level. It most likely is going to head back up with the US session from the looks of things. It just wont break threw
  • #145,600
  • Dec 3, 2008 9:16am Dec 3, 2008 9:16am
Quoting rgitt05
Weaker than expected ISM services is yet another negative for market sentiment...JPY-crosses are revisiting their lows but stock are not plunging just yet. Perhaps its a case of how 'many times can the same bad news be delivered?' before it stops having an impact. Still, the details of the report are weak, with the unemployment index dropping from 41.5 to 31.3, setting the stage for a dismal NFP reading on Friday.



Waiting for the 11am London close...
I don't think fundamentals are driving markets or Fx anymore...

It's 'Fear' or 'Fear of recession turning into a depression'....as a currency trader there is only one cuurrency i want to be holding if we have a full blown recession...and it ain't the dollar....baby
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