Auslanco - GBP/JPY and GBP/USD (newstrade)
the second part is what i think about weekly chart with macd. i know that most of you probably consider this weekly move from 118 to 163 as a retracement; i would, too, but there's something bothering me when i look back.
so, let's look at the whole fall from 251.04 and analyze the configuration of retracements on macd. we had two major retracements, 1 and 2; now we just finished 3 - but is this a retracement like 1 or 2, or is it something else?
- macd showed typical histogram peaks for retracements, both for 1 and 2 (for 2, there was a slight...
the second part is what i think about weekly chart with macd. i know that most of you probably consider this weekly move from 118 to 163 as a retracement; i would, too, but there's something bothering me when i look back.
so, let's look at the whole fall from 251.04 and analyze the configuration of retracements on macd. we had two major retracements, 1 and 2; now we just finished 3 - but is this a retracement like 1 or 2, or is it something else?
- macd showed typical histogram peaks for retracements, both for 1 and 2 (for 2, there was a slight...
LOL very well put together analysis bro
or look at the size of the drops between 1 and 2 and how small they are in comparison to the drop before 3. you arent comparing things relatively. bigger drop = bigger retrace.
1 retraced around 70% of the down move.
2 retraced just under 50% of its down move
3 retraced just under 50% of its down move
doesnt look so abnormal now does it
Scrat would just like to say
buy dollars bro professionals are
ow, what are your thoughts on dx bro? i see strength kicking in soon.
Hi pkimnyc
When you mention strength, any chance you're seeing the same thing as I am?
Chart is here: http://www.forexfactory.com/showpost...postcount=3219
Have a good one
Jhon here is chart showing that ,
117 down
136 up
83 down
99 up
50 down
50 up
all in us session
that is why I day trade .... all I need is 2 x 50 pip moves day = 2000 per month no stress really
Attachment
, day trading is the way to go on Geppy, I don't understand many traders here, I mean, If somebody wants to trade a pair with low volatility: just trade majors like EU, AU, don't trade crosses like Geppy, if you hate this whipsaws and so on, Geppy is very volatile and hard to trade, just switch trading to other pairs more predictable and for sure all is gonna be fine! IMHOyes bro, replied to your post.
nice one brother, cheers
or look at the size of the drops between 1 and 2 and how small they are in comparison to the drop before 3. you arent comparing things relatively. bigger drop = bigger retrace.
1 retraced around 70% of the down move.
2 retraced just under 50% of its down move
3 retraced just under 50% of its down move
doesnt look so abnormal now does it
thats if you can reliably pick these turning points which 99.99% of people, like me, cant seem to do. im having to look at longer trades now because im not getting the shorter ones right. id rather trade intraday, i dont like sitting there with nothing to click.
