15:50GMT GBPs to go UP now 141.45 and 1.6410 target 40-50 pips in both
12:30GMT GBPs spikes ahead - may drop dead below 1.6200; if it falls below 1.6350 as a next stop.
09:50GMT Any open USDJPY Longs below 88.50 should be safe as I expect players to launch a "rocket UP" to book profit and for new SHORTs; don't panic - hold on to Longs for time being.
09:30GMT Looks like Dubai fear is back for stocks - expecting drop in all pairs may be after a SELL stop hunt
08:10GMT GBPs expect to go UP now 1.6497, 141.92 targets 1.6537 & 142.50s [*****]
06:50GMT The strategy Update - BUY signal at 142.12 (brokers offer was 142.30s still it was good for a 40-50 pips trade) and as mentioned during U_BLUE channel in 5 mins was 143.54
04:10GMT Why GBPs not sinking - House prices fell by 2.9% in Nov & consumer confidence at very low (not good for GBPs)
01:30GMT Expect another drop after targets are achieved [*****]
{27/11/2009 04:30GMT} EURJPY reversal targets T1 -128.92[*****] T2 -130.21[*****]
{27/11/2009 04:30GMT} USDJPY reversal targets T1 -86.48[*****] T2 -88.21
{27/11/2009 04:20GMT} GBPJPY reversal targets T1 - 142.38[*****] T2 -144.27[***]
00:00GMT Good Morning Friends, Welcome back after last week's "Very Thin" trading. Many experts predicted that there will be side-way moves and by end of friday they reclaimed that they expected wild moves. I must say without fundamental bad news from dubai; we were heading for a normal week till wednesday night. Dubai news was not so bad news at all, they are saying that we are restructuring all projects and we need 6 months grace period for repayments. This is evident as they changed heads of several projects and making sure spending is controlled. But investors interpretation was -dubai run out of money and we are going to see 2 or 3 lehman brothers in UK & USA as those banks has lend huge. Players took advantage as Yen was strong and USD was very weak they took this to book huge profits. Though I was targeting 500 pips for last week with trade & risk management and NFA change in mind; by thursday morning I threw those out of window & jumped into roller-coaster. This resulted in NFA change big day as a survival day and I'm glad that I survived for time-being. Lesson to learn - no matter how you plan; we must be ready to handle any situation.
I now have matched that.
ReplyDeleteFor some reason I had 44 and 14. I have now used the ones in your picture/post.
I match.
I believe the code says that it is using MA, but it matches??
Are we now using 20/6 for all g's on the 5 and 44/22 on the 1 with no green channels at all?
I am trying all of the pprevious. Seeing, ( getting to the first green an the 1 and additional, blue to blue on the 5.
But, do we need the 1 ? Can the 5 hit the blue without the 1 being there?
Rich we are using Blue channels of 2 timeframes i.e 5 mins 20/0.60 and 1min 44/0.22 for EU I think 44/0.17 will be useful (tweak based on highs & lows in 1min). The concept is when price is below 1 min L_BLUE and close to 5 min L_BLUE then BUY wait target min 40 pips. I'm testing it now with mini lots.
ReplyDeleteno Green channel for time being but I don't see any problem even if you use green channel but focus on Blue channel in both timeframes - fantastic team work -congrats to all!!
ReplyDeleteThought to remind don't use these channels for data release time (30 mins before & upto 20 mins after). I need to find "panic vertical limits" for that.
ReplyDeleteNice trade on the GJ. Are your settings LWMA on the median as the netdian seems to match my broker on a smoothma at close?
ReplyDeleteI think LWMA works for price touch on BLUE lines; I think netdania & SMMA will allow price to cross those lines - you just need to tweak to .61 or so for the width.
ReplyDeleteYou have a specific setting in your envelopes indicator that allow you to use LWMA?
ReplyDeleteno its platform provided.. need to investigate how to set it up in netdania
ReplyDeleteWOW, I just found it. I can select the data source for any of my indicators. I have had them all on "close" "of the bar" as the source.
ReplyDeleteSo, the number of periods gets changed to LWMA, i.e 20/.06, the 20 should be taken from LWMA
in 44/.22, the 44 from LWMA and so forth????
yeah that will do
ReplyDeleteCan you throw up a cuurent chart of gbp/jpy and gbp/usd if you have time.
ReplyDeleteI am now taking the data from a 20 period LWMA for the envelopes....as the data source can change it makes a big difference.
But it was working before with green/blue and using close as the source (it worked a lot anyway)
so I am a bit confused. I am going to set them all up side by side (or have you already done all this and I am late to the party)
my U/J isnt lining up
ReplyDelete12:09GMT U_BLUE GJ 5 min 143.10 1min 142.50; L_BLUE 5 min 141.39; 1 min 141.90
ReplyDeleteU_BLUE 5min 1.6578 1min 1.6509 ;L_BLUE 5 min 1.6380 1min 1.6436
my 1 min are within 2 pips on g/u and g/j.
ReplyDeletemy 5 min are way off on both no matter what I use as a data source
work hard look into the code again :D
ReplyDeleteThis comment has been removed by the author.
ReplyDelete40 pips to high on my 5's
ReplyDelete