Trend of the Day - Page 91

Gregory McLeod · #**1351** (**permalink**) 10-14-2009, 06:46 PM

Quote:

Originally Posted by Franosh

I would second that. Greg's approach is very informative and instructive as well. Even though patience is certainly not one of my virtues

, I've learned to really slow down and look at the big picture through reading his posts.

Thanks, Greg.

You are very welcome!

Gregory McLeod · #**1352** (**permalink**) 10-14-2009, 10:38 PM

Quote:

Originally Posted by Kimaki

Good morning Greg, I have to say that this is the one time that I am very upset (no fault of yours) I have not been able to log in to my account since yesterday morning and no one seems to be able to help me. I cannot see what is happening with AUD/USD. I have two stops just below the two day low at .85790.

Hey Robert. I was looking over some old posts and found this one. Are we happy now?

supa · #**1353** (**permalink**) 10-14-2009, 10:46 PM

Quote:

Originally Posted by Gregory McLeod

With the Euro hitting new yearly highs, shorting Euro based pairs might not be a good idea.

Hi Greg,

Thanks for your response.

1. I will still appreciate ur comments on the MACD & Slow_K as at the time I posted the chart.
2. There is a -80.9 daily correlation between EURUSD & EURNZD - does this bring a different opinion to the table?
3. The daily trend seems to still be in charge!!

Will appreciate ur comment on 1 & 2

tnks

supa

Gregory McLeod · #**1354** (**permalink**) 10-14-2009, 11:02 PM

Quote:

Originally Posted by supa

Hi Greg,

Thanks for your response.

1. I will still appreciate ur comments on the MACD & Slow_K as at the time I posted the chart.
2. There is a -80.9 daily correlation between EURUSD & EURNZD - does this bring a different opinion to the table?
3. The daily trend seems to still be in charge!!

Will appreciate ur comment on 1 & 2

tnks

supa

You are correct these are negatively correlated 80% so when Euro goes up Euro Kiwi goes down. Thanks for bringing this to our attention! The trend is definitely in charge. The fundamentals support this as welll as New Zealand CPI (Consumer Price Index) printed higher at 1.7% versus 1.1 expected. They may have to raise rates as well as inflation is beginning to raise its ugly head.

supa · #**1355** (**permalink**) 10-14-2009, 11:15 PM

Quote:

Originally Posted by Gregory McLeod

You are correct these are negatively correlated 80% so when Euro goes up Euro Kiwi goes down. Thanks for bringing this to our attention!

Hi Greg,

Thank you for your response.

what correlation figure will you take to be significant? from 70%, 80% or from 90% upward?

tnks

supa

supa · #**1356** (**permalink**) 10-14-2009, 11:23 PM

Quote:

Originally Posted by Gregory McLeod

You are correct these are negatively correlated 80% so when Euro goes up Euro Kiwi goes down. Thanks for bringing this to our attention! The trend is definitely in charge. The fundamentals support this as welll as New Zealand CPI (Consumer Price Index) printed higher at 1.7% versus 1.1 expected. They may have to raise rates as well as inflation is beginning to raise its ugly head.

I appreciate this contribution to my personal trading system under development & live testing.

ur comment on MACD & slow_K as at the time I pasted the initial chart will still help me.

thnks

supa

supa · #**1357** (**permalink**) 10-15-2009, 03:22 AM

Quote:

Originally Posted by lissyking

Hey Supa, in the market scope 2.0 chart, where you see the currency pair and timeframe, click on the timeframe box so that it is highlighted.

Then type in, for hourly charts, h1 for 1 hour, h2 for 2hrs, h3 for 3hrs and so on. For the minutes charts, type in m45 for 45mins, m50 for 50 minutes, m20 for 20mins........and so on

Hope this helps

Kingsley

Hi lissyking - thanks 4 ur response.

I am not able to locate the timeframe u referred to. I tried the red colored portion and the green colored portion in the attached and no luck!

any further guide?

tnks

supa

Hawali · #**1358** (**permalink**) 10-15-2009, 04:16 AM

Hey Supa - perhaps I can help...

Here I've got NZD\USD on the chart:

1. Highlight\click on the timeframe dropdown field so that it is blue

2. Type in the code for the timeframe you want - here I've selected (h4)

3. Hit return and you've got the chart

Kimaki · #**1359** (**permalink**) 10-15-2009, 04:41 AM

Quote:

Originally Posted by Gregory McLeod

Hey Robert. I was looking over some old posts and found this one. Are we happy now?

Oho Yes Greg, It took a few days but I got the problem solved. I was able to log on again after a windows update from Microsoft site. I have no Idea what caused it though. Thanks for asking.

Kimaki · #**1360** (**permalink**) 10-15-2009, 05:01 AM

Supa, lissyking and Hawali's instructions are correct, If I can further help, I have circled the timeframe area on three charts in the attachment below, where you have to place your curser and type in H1, H2, H4 M1, M5 etc. Hope its a little clearer now. Robert

Quote:

Originally Posted by supa

Hi Kimaki,

Plz how were u able to use the 1H, 2H, 5M charts on marketscope?

tnks

sup!

Kimaki · #**1361** (**permalink**) 10-15-2009, 05:07 AM

Greg I got stopped out on that pair AudUsd a long time ago. I have made as much as I have lost on her, so I left her alone. I see that she has climbed the ladder now. Luckily I am smiling from Aud.Jpy, up now 186pips. Your other AUD suggestion. Thanks

Quote:

Originally Posted by Gregory McLeod

Hey Robert. I was looking over some old posts and found this one. Are we happy now?

CB. · #**1362** (**permalink**) 10-15-2009, 05:16 AM

Hi Gregory,
Trading has gone well until I encountered this chart, your advice has always been helpful and timely so could you take a look at this for me please.

The weekly charts shows a down trend with a retracement between 38.2 and 50 %.(magenta coloured)
the daily chart shows an uptrend with a retracement to 38.2 % (blue coloured)
the hourly chart shows a down trend with a retracement to 38.2 % (red coloured)

The weekly 38.2 and the hourly 50 % both line up in the same price level both are retracements of
a down trend.

How do I interpret this?

All advice welcome, thanks, CB.

CB. · #**1363** (**permalink**) 10-15-2009, 05:23 AM

Quote:

Originally Posted by CB.

Hi Gregory,
Trading has gone well until I encountered this chart, your advice has always been helpful and timely so could you take a look at this for me please.

The weekly charts shows a down trend with a retracement between 38.2 and 50 %.(magenta coloured)
the daily chart shows an uptrend with a retracement to 38.2 % (blue coloured)
the hourly chart shows a down trend with a retracement to 38.2 % (red coloured)

The weekly 38.2 and the hourly 50 % both line up in the same price level both are retracements of
a down trend.

How do I interpret this?

All advice welcome, thanks, CB.

The weekly 38.2 and the hourly 50% both line up, the short term is a retracement of the daily up trend. CB.

supa · #**1364** (**permalink**) 10-15-2009, 05:54 AM

Quote:

Originally Posted by Kimaki

Supa, lissyking and Hawali's instructions are correct, If I can further help, I have circled the timeframe area on three charts in the attachment below, where you have to place your curser and type in H1, H2, H4 M1, M5 etc. Hope its a little clearer now. Robert

Kimaki, lissyking, Hawali thanks 2all of u.

I finally found the simple way of doing this as you annotated in the attached.

supa

lissyking · #**1365** (**permalink**) 10-15-2009, 06:33 AM

Quote:

Originally Posted by supa

Kimaki, lissyking, Hawali thanks 2all of u.

I finally found the simple way of doing this as you annotated in the attached.

supa

You are welcome Supa.......Sorry I didnt attached a chart to illustrate my instructions. Glad you got it now

Kingsley