I can zoom in or out to see anything I need to see. We each need to create our own system and tweak it until we find that Holy Grail. hehehehehe

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

4 hour geppy Zigzag shows retrace to 217.30 area, which is also the 300 sma on the monthly chart(pink).

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

What is the zup 71? and what does it do?

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

That is what I meant.

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

What i am saying is we had 5 waves up to 251 on the monthly chart. We are in the corrective wave down now which might turn out to be 3 waves.

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

LOL. That's a good one. If I think it will improve my system, then I will give it a try. I recently added the Zigzag indicator (default) from the custom indicator list at mt4. I like it a lot for determining trend.

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

I dont know what a vegas tunnel is, I am using the 5 sma, along with the 5 sma high and the 5 sma low. I took it from auslanco along with the momentum indicators and applied to my system which i have been developing for 4 years now.

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

I am waiting to sell retrace as I did today. I am done trying to guess a bottom.

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

Geppy daily chart: Notice 3 waves down from 241 area. Testing the 5 sma high (white) at 216.03 area, which is joined up with the 8 sma (gold). This is resistance for today.

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

Weekly geppy chart shows the 200 sma (red) and the 38% fib which is providing support. You can see the retrace upwards was rejected at the 150 sma (teal color). Notice the 3 waves down from 251 area.

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

P.S. You can count 5 waves up to 251 area. We are on the 1st corrective wave so far.

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

P.S. that 300 sma (pink) is sitting at 217.34

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

here the monthly chart for geppy. It has broken the 300 sma (pink) and is heading for the 55 sma (brown) at 209.80. The Green sma is the 250 sma sitting at 200 with the 50% fib.

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

It is all speculation. If you study your charts without bias, you will a sideways move (consolidation) on the 4 hour, 1 hour, 30 min, etc. My charts have been calling for a retrace since i posted them sunday night. This sideways move after a big ...

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

For now, Market sentiment is trumping technicals. Do not feel that you need to have a trade in place at all times. Patience means waiting for your signals. It is better to NOT have a trade than to gamble on 50/50 odds.

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

trying to pick a bottom will break your account.

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

Choppy conditions make for difficult trading. I sold geppy at 216.35 just before the last hour of the dow. I closed for +163 pips (214.72) on that short and still ended the day at -2% on my balance. Every time I set a long position it would go into ...

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

price bounced up off the 4 hour 5 sma low. Dow is easing off the lows and usd/jpy is tracking it. geppy is tracking uj

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

dow and s&p turned negative. 4 hour 5 sma low just got touched. friday;s low is possible. The gap from sunday night on my chart is being tested now at 214.39 to 214 area.

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

it wants to fill the sunday night gap, in my opinion.

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