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

  • #175,881
  • May 9, 2009 10:10am May 9, 2009 10:10am
Quoting rgitt05
Lower TF gives you more mixed signals for the overall direction bias..

Look at the higher TF for overall direction..

Friday's PA most of the time is over by the afternoon unless some significant news is expected over the weekend ...

My charts been screaming long for over three weeks and still people are saying short..

Look at my past post..If you followed the trend you would be up about 900-1000 pips excluding the scalping trades..

http://www.forexfactory.com/showpost...stcount=172873


A break of 151.00 resistance...
oops I posted the 15min there instead of the one hour...but I fixed it. 151. is the critical point as you said. Line is the 200 ema, daily chart. Another reason the fear longs...ofcourse by tuesday I could be eating my words..we will see.
http://i39.tinypic.com/2evqlux.gif
  • #175,882
  • Edited 10:28am May 9, 2009 10:11am | Edited 10:28am
I think this is enough for the bears to stay back and follow the bulls to enjoy the ride, a break of 151 last month resistance will give us a confirmation to this level, i am going to follow the trend and buy deep after a few gap down which should not be more than 100 - 150 pips....
let enjoy bulls for now and forget the bears.........trend is your friend
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MY OPINION NOT FINANCIAL ADVISE
  • #175,883
  • May 9, 2009 10:13am May 9, 2009 10:13am
hi everyone..can anyone help me..boy that's a loaded question! I am new with metatrader4 and am trying to get the qqe indicator on. I have downloaded and saved to file added to expert/indicators/new folder..but when i open meta i can't get it to come up on the charts???
  • #175,884
  • Edited 10:43am May 9, 2009 10:13am | Edited 10:43am
Quoting Petefaders
oops I posted the 15min there instead of the one hour...but I fixed it. 151. is the critical point as you said. Line is the 200 ema, daily chart. Another reason the fear longs...ofcourse by tuesday I could be eating my words..we will see.
dont most people use a 200sma?

also you are using ODL the same as me, which has trading on a sunday and screws up daily MA's due to the very short sunday. I opened an alpari demo just to be able to see an accurate 200 day MA and its at 155.83 for an SMA and the same for EMA at the moment. i would imagine most of the big boys dont include sundays in their daily MA's, at least as far as I have read so 155.83 would be the one they will all be watching for. only recently discovered this when it was mentioned about a 200ma on eurjpy being rejected bigtime and my own 200ma was miles away from it.

i still think its coming down a bit before it makes another attempt at 151. everyone keeps going on about uptrend this and uptrend that, yes everyone KNOWS its in an uptrend, but its not going to go straight up is it, its failed several times now to get above it so the smart money probably isnt willing to buy at this price, which would mean it will not go higher until it drops a bit first. it may just go flying up, but if it didnt do it on much better NFP data then......it probably isnt going to without a retrace first.

also to throw some basic stats into the mix, we have had 9 trading days without a single bear bar, only ONCE since september has there been 9 bars of any colour without a bar of the opposite colour and that was 11 days from 127 to 140 back in feb. so the stats are also against it going up without at least one proper down bar first (not a doji).
  • #175,885
  • May 9, 2009 10:28am May 9, 2009 10:28am
Quoting GodfreyH
Ok, so I've got my hands on the Jurik series, so I'm upgrading all my RSX indicators. I also coded a DOUBLE RSX indicator, not sure I'm as excited about its usefulness as the Jurik Site, but I'll post it here for your evaluation.

The Jurik series allows you to smooth the RSX, without changing the period. It also allows you access to 14 different price types to run the RSX on.

I found the price type changes were best seen in the JRSX, it's not that obvious on the MA of RSX. It also appears that the previous RSX indicator was based on a smoothing...
Hey GodfreyH,

Thanks for indicators...I placed them as you said but JJRSX ( i did not tried others) doesn't open when I trid to place it in chart...? those:
JurXSeries.mqh
JJMASeries.mqh
PriceSeries.mqh

should be also in MetaTrader-Experts-Indicators or only here: MetaTrader-Experts-Include ?

Regards
The Market pays you to be disciplined
  • #175,886
  • May 9, 2009 10:31am May 9, 2009 10:31am
Quoting rgitt05
Since the mid-Jan.'09, the PA bounced off the lows of the 118 and climbed to the 151 resistance with a steady trend upward..

The past several weeks the PA tested the 151.00 resistance zone and dropped to the 139 support zone forming a consolidation zone...

I believed the accumulation is setup for breakout toward the next fib level on the daily chart.

I setup three red arrows with three scenario:

The first arrow I illustrated the PA may test the overall daily TL before a breakout toward the 38.2,50.0% fibs on the daily chart.

The second...
nice going bro..good one...
Imanuel Parsifal
  • #175,887
  • May 9, 2009 10:32am May 9, 2009 10:32am
Here is another View
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MY OPINION NOT FINANCIAL ADVISE
  • #175,888
  • May 9, 2009 10:47am May 9, 2009 10:47am
Quoting donfriday
I have been reading ur post since yesterday, well i see u only post for the weekend since u are busy with ur trade week days, i like ur post and i have the same feeling for the bullish to, even GJ smaller tf is showing some retracement but overall trend is bullish in the bigger tf right now if bull or bear market weekly candle open will confirm that to us, we can have little retracement but i will not go for sell until we break 148 clearly or 146 that give us we are going down ...how can we go for sell on gj at 150, isnt that crazy ...market still...
what ever float's your boat's bro's...when i say we are going 130-118,i don,t expect us to just shoot to 139 and continue,any way every trader is a king on there platform and acc...and for the records,we are in a bearish trend,have been for 20yrs now...i don't expect all 2 undastand,but it's a view.....hasta la vista
Imanuel Parsifal
  • #175,889
  • May 9, 2009 10:47am May 9, 2009 10:47am
Quoting ewokuk
isnt that divergence just a normal drop in volume after london close? looking at that chart it seems to happen every day.

I did notice that GU, EJ and EU were all flying the entire day......while GJ just went sideways....

you are right in drop in volume BUT it is not often we see a 200 pip move straight up in GU on a Friday afternoon. I mean the ES did move up but NOT that much that justified the move out of treasuries . We did not even break the high of Thursday on the s&p ( ES emini). So to me that move move looks really odd and does not tie into the market as a whole.

we have to be realistic ... i have seen this twice now on the forum in last 2 days. The worst is NOT behind us. I chuckled when i saw this . They have you and rgitt exactly where they want you. Believing the worst is behind us. The indexes have moved up 40 % in under 4 months .. talk about rapid mark up !!!!! designed for one thing only ... for investors and oldies to think the worst is behind us. Obama comes in and suddenly recession is over COME ON GET REAL !!!

The feds are printing money like crazy within 2 years the usd will no longer be the international monetary currency and inflation will be a huge issues in the US . when inflation happens it will be a rise in interest rate from 5% in us to 15% within 6 months. Think that 80,000 foreclosures that we have currently (btw that equates to 300 to 500 billion in losses to the banks per year).. yes 80,000 and climbing is a high figure , at 15% interest rates try selling your house. and those that over leveraged their houses will be walking into the bank and handed in keys, Also get real the NFP was -500 k .... that is lose of -500,000 jobs .. staggering. The unemployment rate is climbing to almost 9-10 % and will likely hit 11 % later this year ... that is 30 million people unemployed , or to put it into something your mind can grasp , the population of Canada is unemployed in the US

In the Great Depression we had three legs :

One down. That is what we saw in 2008
A rebound: That is what we are seeing now
The third leg . This was the worst . We have not seen this yet but all the signs are there
Blogging daily now at www.volume.zone
  • #175,890
  • May 9, 2009 10:52am May 9, 2009 10:52am
Quoting malcolmb14
you are right in drop in volume BUT it is not often we see a 200 pip move straight up in GU on a Friday afternoon. I mean the ES did move up but NOT that much that justified the move out of treasuries . We did not even break the high of Thursday on the s&p ( ES emini). So to me that move move looks really odd and does not tie into the market as a whole.

we have to be realistic ... i have seen this twice now on the forum in last 2 days. The worst is NOT behind us. I chuckled when i saw this . They have you and rgitt exactly where they want you....
Nice too see your post, I was one lonely bear out here. I agree with every word...the house of cards must fall.
  • #175,891
  • May 9, 2009 10:52am May 9, 2009 10:52am
Quoting StarChild
hi everyone..can anyone help me..boy that's a loaded question! I am new with metatrader4 and am trying to get the qqe indicator on. I have downloaded and saved to file added to expert/indicators/new folder..but when i open meta i can't get it to come up on the charts???
it should be expert/indicators and in ur platform click on custom indicators through the navigator window...you open the desired chart u want 2 add indi and double click on qqe..hope u get it..if not just ask..Hw is it goin Sis
Imanuel Parsifal
  • #175,892
  • May 9, 2009 10:57am May 9, 2009 10:57am
Quoting rgitt05
Lower TF gives you more mixed signals for the overall direction bias..

Look at the higher TF for overall direction..

Friday's PA most of the time is over by the afternoon unless some significant news is expected over the weekend ...

My charts been screaming long for over three weeks and still people are saying short..

Look at my past post..If you followed the trend you would be up about 900-1000 pips excluding the scalping trades..

http://www.forexfactory.com/showpost...stcount=172873


A break of 151.00 resistance...

I see posts of 163 etc etc ...here is daily ... very simple and clear likely topping pattern to me. Fridays upthrust was for one thing only.... bull trap . It is called an upthrust.

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Blogging daily now at www.volume.zone
  • #175,893
  • May 9, 2009 10:58am May 9, 2009 10:58am
Quoting Petefaders
Nice too see your post, I was one lonely bear out here. I agree with every word.
no bro..am the chief bear here,in case you don't know i personal am the captain of the bear flight 130-118..this Captain sycho talkin...
Imanuel Parsifal
  • #175,894
  • May 9, 2009 11:00am May 9, 2009 11:00am
Quoting sycho
no bro..am the chief bear here,in case you don't know i personal am the captain of the bear flight 130-118..this Captain sycho talkin...
haha, I got my ticket.
edit: ..cool I didnt see your post before.
  • #175,895
  • May 9, 2009 11:00am May 9, 2009 11:00am
Quoting rgitt05
Lower TF gives you more mixed signals for the overall direction bias..

Look at the higher TF for overall direction..

Friday's PA most of the time is over by the afternoon unless some significant news is expected over the weekend ...

My charts been screaming long for over three weeks and still people are saying short..

Look at my past post..If you followed the trend you would be up about 900-1000 pips excluding the scalping trades..

http://www.forexfactory.com/showpost...stcount=172873


A break of 151.00 resistance...

weekly . Interesting rsx already heading down and a double top forming.

we had up move into151.5 then down move 139 mow a re test of 151.50 zone ( should go not higher than 153 ) before 1000 pip move down

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN106.png Size: 192 KB




I do not see bullish chart sets ups. Trend may be ending or weakening on the weekly also
Blogging daily now at www.volume.zone
  • #175,896
  • May 9, 2009 11:03am May 9, 2009 11:03am
Quoting malcolmb14
you are right in drop in volume BUT it is not often we see a 200 pip move straight up in GU on a Friday afternoon. I mean the ES did move up but NOT that much that justified the move out of treasuries . We did not even break the high of Thursday on the s&p ( ES emini). So to me that move move looks really odd and does not tie into the market as a whole.

we have to be realistic ... i have seen this twice now on the forum in last 2 days. The worst is NOT behind us. I chuckled when i saw this . They have you and rgitt exactly where they want you....
Bro.it's nice to remind them all..like i posted along the week...they print more money use it to flood demand into the market,very shot period,shorter than they expect it all burst in the face of all,3*impact,like i said,am targeting 118and below,,and like i chated with piters,am seeing the dowie trading sometime at 2500-2000level's...let's see how she play's out...
Imanuel Parsifal
  • #175,897
  • May 9, 2009 11:05am May 9, 2009 11:05am
Quoting sycho
Bro.it's nice to remind them all..like i posted along the week...they print more money use it to flood demand into the market,very shot period,shorter than they expect it all burst in the face of all,3*impact,like i said,am targeting 118and below,,and like i chated with piters,am seeing the dowie trading sometime at 2500-2000level's...let's see how she play's out...
long term (4 year target dj ) for me is 3500
Blogging daily now at www.volume.zone
  • #175,898
  • May 9, 2009 11:08am May 9, 2009 11:08am
Very well said...

Nice charts..

Follow the trend and watch the PA toward the S/R.



Quoting donfriday
I think this is enough for the bears to stay back and follow the bulls to enjoy the ride, a break of 151 last month resistance will give us a confirmation to this level, i am going to follow the trend and buy deep after a few gap down which should not be more than 100 - 150 pips....
let enjoy bulls for now and forget the bears.........trend is your friend
[
  • #175,899
  • May 9, 2009 11:10am May 9, 2009 11:10am
That is when the world end....LOL



Quoting malcolmb14
long term (4 year target dj ) for me is 3500
[
  • #175,900
  • May 9, 2009 11:11am May 9, 2009 11:11am
Quoting sycho
no bro..am the chief bear here,in case you don't know i personal am the captain of the bear flight 130-118..this Captain sycho talkin...
I told a friend that he should look at the daily candles forming doji even thursday candle was a doji which i expect gj to drop dead cus i was loading some short and loading but friday market was worse, this guys play with our intelligent ..
I dont even know what to say as of now i can see a bullish engulf in weekly chart, i am on the other side now until a clear break of 151 then i can load long from there but if we dont i still consider bear ..
take a look at my monthly chart we need a new high to rise and weekly bullish enguld..let see how a new weekly candle open on sunday..
have a great weekend
MY OPINION NOT FINANCIAL ADVISE
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