no. the system was based on polynomial regression, and it only worked during ranging periods. i am using something different now, based on price action and fibonacci, it allows me to follow the trend pretty well (both short term and long term).

My Live Trades

i guess that's the new trend in forex... just look into the other thread where some people are trading g-j by watching dow.

Cable Update (GBPUSD)

nicely spent.

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

i guess that's from h4 chart. i would have said that it looks like a bullish harami, but since we're already on top of an uptrend i don't think that's the case. now, if we look at the actual candles, i see a possible dark cloud pattern: 1. it's on ...

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

no. on h4 chart, that is a reverse divergence. it should go down in this situation. on h1 chart, it is a classical bearish divergence: higher highs - price, lower highs - indicator. this means down, not up. these divergences are very important when ...

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

and now the h1 chart. notice how price keeps making higher highs while macd histogram keeps making lower highs. funny, right? CLASSICAL BEARISH divergence. and again... we reached 0.618 retracement from a major drop. need i say more?

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

here is what i see on this h4 chart: 1. still downtrend 2. 0.618 fibo reached from last drop 3. a reverse divergence on macd histogram (i use macd because i'm used to it, but the same divergence is visible on rsi/stochastic as well) i'd be extremely ...

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

can someone post all MT indicators for this system? thanks.

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

you need to write this on your fibo object properties.

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

here's a very simple way is to do it: after you plot fibo levels on your weekly, daily and 4h charts, carefully watch when price hits one of them. the rest is price action (i use candlesticks... ).

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

i'm here... say something interesting.

Cable Update (GBPUSD)

in other words, technical analysis is just a bunch of BS. so we all should pack our things and go home, because there is no way either of us can make money just by analyzing some indicators. and if you're making consistent money, this means you're a ...

Cable Update (GBPUSD)

if this is not the beginning of a retracement, then we'll probably see a fibo extension at 1.272: 2.0924. IF 1.9621 is not broken.

Cable Update (GBPUSD)

i will repost the chart, looks like you guys didn't get it. i'm LONG from 1.9829 (5sma) because... (look for my previous post in this thread)... this may be only a retracement, but it's LONG to one of the following fibos: - TP1: 2.0034 - TP2: 2.0152 ...

Cable Update (GBPUSD)

did you look at the chart i posted? and with all i wrote... i favor a long in the near future, but this is just a technical view.

Cable Update (GBPUSD)

here's the other part of the chart.

Cable Update (GBPUSD)

and now y'all gotta come up with the targets.

Cable Update (GBPUSD)

alright, since nobody cares for some tech... i'll post a chart. 0.786 still holding somehow. reverse divergence on macd histogram, stochastic, rsi. previous minimum (1.9621) not broken. 5sma (that's the yellow dot line) ready to be crossed upwards. ...

Cable Update (GBPUSD)

no.

Cable Update (GBPUSD)

here it is (you need to allow dll imports). i don't pay attention to the blue patterns (you'll see them from time to time) unless they have fibo ratios (i'm talking about gartley, butterfly, crab etc - google should guide you to these if you're ...

Karmo's trading strategy trading GBP/JPY