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  #21 (permalink)  
Old 12-21-2007, 05:02 PM
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Thanks Summit! Good to be back.
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File Type: gif audjpy m5.gif (65.1 KB, 1799 views)
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  #22 (permalink)  
Old 12-21-2007, 05:03 PM
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Quote:
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Thanks Summit! Good to be back.
so till where you think audjpy will retrace?
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  #23 (permalink)  
Old 12-21-2007, 05:03 PM
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When it comes to indicators, less is more!!

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  #24 (permalink)  
Old 12-21-2007, 05:05 PM
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Not looking for retracement. Watch for stochastic to bottom and cross and for the MTF HAS bars to turn green again. That is another signal to get long. Only problem for me now is time, on a Friday afternoon before a holiday after a nice move. Use caution.

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Old 12-21-2007, 05:24 PM
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Let's see how this pair works out. It did not particpate in today's rally so will it be late to the party? Have to wait and see but if the signals are right it could be a decent trade.

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Old 12-21-2007, 05:29 PM
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Another one I am looking at. Looks like it has topped for now and the next move should be lower. IMHO.

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Old 12-21-2007, 05:36 PM
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Originally Posted by radatats View Post
Let's see how this pair works out. It did not particpate in today's rally so will it be late to the party? Have to wait and see but if the signals are right it could be a decent trade.

Rad
I am nt sure to understand
You mean GU go upside???
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  #28 (permalink)  
Old 12-21-2007, 05:40 PM
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That is what I am watching for, GBPUSD to break to the upside. It needs to give me a strong indication by staying above all the T3 lines and giving solid green on the MTF HAS bars and a stochastic bottom. Also watch the 1hr time frame stochastic as well but this pair should rally back towards the 729EMA soon. IMHO.

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  #29 (permalink)  
Old 12-21-2007, 05:42 PM
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Thanks Radatats, I have loaded your template but all the MTF Has bars are red, even thought the market has made a move up, can this be correct or maybe there is something wrong with my set up.
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  #30 (permalink)  
Old 12-21-2007, 05:45 PM
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Thanks Radatats, I have loaded your template but all the MTF Has bars are red, even thought the market has made a move up, can this be correct or maybe there is something wrong with my set up.
try to switch timeframes and get back
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