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

  • #155,521
  • Jan 25, 2009 1:38pm Jan 25, 2009 1:38pm
I load the histogram first, then I use the mouse to drag the default metatrader stochastic indicator (regular indicator, not custom indicator) unto the window with the histogram.
  • #155,522
  • Jan 25, 2009 1:48pm Jan 25, 2009 1:48pm
Quoting GodfreyH
I load the histogram first, then I use the mouse to drag the default metatrader stochastic indicator (regular indicator, not custom indicator) unto the window with the histogram.
Thxs bro - will try it. . .
  • #155,523
  • Jan 25, 2009 1:59pm Jan 25, 2009 1:59pm
Quoting GodfreyH
I load the histogram first, then I use the mouse to drag the default metatrader stochastic indicator (regular indicator, not custom indicator) unto the window with the histogram.

This is why I love FF so much. No matter what stage of trading you are at, there is always something new to learn.

Sometimes I come accross a post like this and while it makes sense to a majority of you, to me it looks like this:

I load the frickle frackle first, then I use the mouse to drag the ploopy flim flam indicator (regular ploopy, not custom ploopy) [as if that brought more clarity, lol] into the window with the frickle frackle.

I know this will eventually make sense when I do my homework, and I am so grateful for guys like Godfrey who through some incredible sense of altruism work for free and for the sake of our edification.
What's that smell?
  • #155,524
  • Jan 25, 2009 2:11pm Jan 25, 2009 2:11pm
Quoting mirex
i must have the wrong atr

i get a wave with value of like 0.156...

is there a diff atr indicator?


each platform is different ... 0.156 is 16 pips
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  • #155,525
  • Jan 25, 2009 2:49pm Jan 25, 2009 2:49pm
Quoting malcolmb14
yes was looking at that one yesterday ...i agree
Hey Malcolm, can you post a chart of your analysis with this one. I'm very interested in playing CHF pairs more in the future. Any pointers would be very helpful.
  • #155,526
  • Jan 25, 2009 2:50pm Jan 25, 2009 2:50pm
Quoting malcolmb14
right now atr(21) is about 16 on the 5 min chart , if you enter a trade , assuming you entered it at the right point , your stop would be 24.
If trading a 1 hour chart atr is 88 , in order to avoid being whipsawed out and assuming you enter at the right spot stop would be 88*1.5=132 pips

you can move stop up as the trade progresses Chandalier stops are based on this kind of system

http://www.tradejuice.com/system-tra...delier-clb.htm
Got it, thanks Malcolmb
  • #155,527
  • Edited 3:39pm Jan 25, 2009 3:25pm | Edited 3:39pm
Quoting GodfreyH
I think just about everyone on this thread is familiar with Tom Demark, and using his methodology and indicators for drawing trendlines. However, one of the most powerful trendline...
This autosr indic is very nice and helpful godfrey. I've another tool which seems very similar to this ... I'm attaching it. try it and tell me your idea about that. It draws those trend lines in different colors though. I think if you incorporate this feature into yours, will be nice. Green for bullish and red for bearish trendlines.

I've found the best setting for the nPeriod is (21) on a 15M GJ chart.

Have a look plz

Edit: BTW this is a combination of your indic + mine (with nPeriod set to 21) which displays nice S/R levels plus possible trend lines on a 15M GJ chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ trendlines.gif Size: 73 KB
Attached File(s)
File Type: mq4 Ind-WSO+WRO+Trend Line.mq4   5 KB | 337 downloads
Discipline + Patience - Fear - Greed = Success
  • #155,528
  • Jan 25, 2009 3:50pm Jan 25, 2009 3:50pm
if we will see gap up, how do you think, gap will be filled or not and it will start to go up?

good week for all of you
  • #155,529
  • Edited 4:09pm Jan 25, 2009 3:56pm | Edited 4:09pm
I'm having a hard time arguing with this visual.

Possibly with enough of a pullback, it could grow some legs later on.

We'll have to give it a few hours to get awake and find its way.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.PNG Size: 46 KB
  • #155,530
  • Jan 25, 2009 4:12pm Jan 25, 2009 4:12pm
Quoting arezab
This autosr indic is very nice and helpful godfrey. I've another tool which seems very similar to this ... I'm attaching it. try it and tell me your idea about that. It draws those trend lines in different colors though. I think if you incorporate this feature into yours, will be nice. Green for bullish and red for bearish trendlines.

I've found the best setting for the nPeriod is (21) on a 15M GJ chart.

Have a look plz

Edit: BTW this is a combination of your indic + mine (with nPeriod set to 21) which displays nice S/R levels...
, Thanks, this looks good. I'll try it out this week.
  • #155,531
  • Jan 25, 2009 4:19pm Jan 25, 2009 4:19pm
Quoting janka3002
if we will see gap up, how do you think, gap will be filled or not and it will start to go up?

good week for all of you

Looks like the Gap was a Gap Down
  • #155,532
  • Jan 25, 2009 4:21pm Jan 25, 2009 4:21pm
Quoting janka3002
if we will see gap up, how do you think, gap will be filled or not and it will start to go up?

good week for all of you


there is no gap .... price opened where it closed Friday

I think MT4 platforms open later than most platforms ... hence you think there is a gap.

right now price sits -100 off Fridays close with 60 min chart turning bearish

with no Aussie market the easiest place for gj to go is down under low volume markets

Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-148.png Size: 178 KB
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  • #155,533
  • Jan 25, 2009 4:24pm Jan 25, 2009 4:24pm
quecee although i agree with you on the 1hr charts ob if we use the

same indicators on the dow dax geppy on the daily it is massively os

so im thinking if there is a rally on the furtures we should see some up

movement very soon and im under the opinion that there might be some

bear traps set could be a tricky week its far too early to tell though

so imo we'll see what the bulls have in store then possibly catch the

ride down to the tonne mark on geppy before boj does some serious

thinking about where the yen is going concerning their exports
  • #155,534
  • Jan 25, 2009 4:25pm Jan 25, 2009 4:25pm
Quoting malcolmb14
there is no gap .... price opened where it closed Friday

I think MT4 platforms open later than most platforms ... hence you think there is a gap.

right now price sits -100 off Fridays close with 60 min chart turning bearish

with no Aussie market the easiest place for gj to go is down under low volume markets

Attachment
hi malc, do u think it's right short at this level? looks scary right now.
  • #155,535
  • Jan 25, 2009 4:27pm Jan 25, 2009 4:27pm
Quoting malcolmb14
there is no gap .... price opened where it closed Friday

I think MT4 platforms open later than most platforms ... hence you think there is a gap.

right now price sits -100 off Fridays close with 60 min chart turning bearish

with no Aussie market the easiest place for gj to go is down under low volume markets

Attachment
Hi M and All,
Greeting from Indonesia ..

what do u think about GU?
  • #155,536
  • Jan 25, 2009 4:34pm Jan 25, 2009 4:34pm
Quoting cohiba pips
quecee although i agree with you on the 1hr charts ob if we use the

same indicators on the dow dax geppy on the daily it is massively os

so im thinking if there is a rally on the furtures we should see some up

movement very soon and im under the opinion that there might be some

bear traps set could be a tricky week its far too early to tell though

so imo we'll see what the bulls have in store then possibly catch the

ride down to the tonne mark on geppy before boj does some serious

thinking about where the yen is going concerning...
I totally agree - could be a tricky week for GJ to say the least. . .
  • #155,537
  • Jan 25, 2009 4:36pm Jan 25, 2009 4:36pm
Quoting dialpips
hi malc, do u think it's right short at this level? looks scary right now.

I am short as of close Friday ... I would not be entering this move half way thru the move.
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  • #155,538
  • Jan 25, 2009 4:38pm Jan 25, 2009 4:38pm
Quoting mktjong
Hi M and All,
Greeting from Indonesia .. <------- Is this how to greet from Indonesia ? With the tongue outstreched ?
Many thanks, I would have not known otherwise.
I will try this more often. I know lady from Jakarta.
I will show her my tongue so she knows I'm friendly.

what do u think about GU?

G/U stinks right now. Rallies are getting sold and there's no such thing as "too cheap".
Eventually, there should come a point for a dead cat bounce, could be a decent bounce too.
But, after thousands of pips negative in recent months, a few hundred pips would still
just be that, a dead cat bounce.

No place to look to pick a bottom. Bears still own this one.
Price can rise, but will fall faster. That's normal for downtrends.
  • #155,539
  • Jan 25, 2009 4:38pm Jan 25, 2009 4:38pm
Quoting malcolmb14
after a quick review of the nikkie daily and the 30 min GJ I decided to take a little sell position off 122.60 to hold on the weekend. I mean what are they going to say ... recession is over .

1) hit upper TL could not break
2) divergence on rsx on 30 min charts
3) hidden bearish div on 60 min charts
4) triangle pattern , that I doubt we will test bottom of only twice. I think we see 119 before we break out top of triangle.

Attachment

just to offer transparency in my calls here was my reason for going short friday and my call
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  • #155,540
  • Jan 25, 2009 4:41pm Jan 25, 2009 4:41pm
Quoting toshi
G/U stinks right now. Rallies are getting sold and there's no such thing as "too cheap".
Eventually, there should come a point for a dead cat bounce, could be a decent bounce too.
But, after thousands of pips negative in recent months, a few hundred pips would still
just be that, a dead cat bounce.

No place to look to pick a bottom. Bears still own this one.
Price can rise, but will fall faster. That's normal for downtrends.
I am watching the DX for drop under 86 ... looks toppish ..also something going on with the ES ( s&p) futures .. almost looks like accumulation

i am expecting a possible reversal of GJ off 120 / 119.5 ish

the GBP futures sure look like a reversal is close

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 32 KB
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