Thread: Discuss the GBP/USD with a DailyFX Analyst

double top on GBP/AUD around 1.6600ish. Major daily trend's downtrend has now taken back over!

Originally Posted by Time Trader

hi fazi,

its not secret...its quite hard to explain in forum... its not like any indicators or technical analysis... its forecasting(many stages involve to arrive final forecasting)... u can find plenty of information on technical analysis, vol analysis, chart pattern analysis but hardly any on time analysis(forecasting), which is most important of all... if i explain to u here u will definitely have 101questions... basically when time arrive and then combine with technical analysis and chart pattern(which most here are expert in it) and finally volume, u will get perfect opportunity to trade... nothing is 100% but time is very important factor, u will see major trend change or continuation with big move one day before or after on the day itself.. if u really interested private message me then i will redirect u so u can experience urself instead of im explaining in bit and pieces and create confusion... good luck and happy trading

You are right about the amount of questions - you`ve got PM from me.

thank you

Patryk

can anybody suggest some pairs that are not in a sideways trend?

Originally Posted by cerevante

can anybody suggest some pairs that are not in a sideways trend?

Here is what I have for trends at the moment, currencies are listed at the bottom and time frames listed on the left.

Originally Posted by cerevante

can anybody suggest some pairs that are not in a sideways trend?

Also here is the current strength index, just match the strongest pair with the weakest pair on any given time frame and search for entries.

Originally Posted by Sean Hyman

double top on GBP/AUD around 1.6600ish. Major daily trend's downtrend has now taken back over!

HI Sean why are my attachments not showing up? Is it something I am am doing when I upload them?

Thanks

--NM

Thank you Nightmoves, where can I get access to these charts?

Originally Posted by cerevante

Thank you Nightmoves, where can I get access to these charts?

I use MT4 for charting, and that is where I have the indicators. I trade live with trading station and Marketscope but for actual charting I use MT4.

--NM

Originally Posted by cerevante

Thank you Nightmoves, where can I get access to these charts?

Right now I am watching the GBPJPY pair for a short entry signal. It is playing with the counter trend line at the moment, once it breaks the CL and I get a nice BPC ( Break out, pullback and continuation) that will be my short entry. 4 hour setup chart and a 1 hour trigger chart.

--NM

Originally Posted by cerevante

Thank you Nightmoves, where can I get access to these charts?

Here is the GBPJPY 4 hour setup chart I am watching. The grid lines are just the grids for the round numbers, the MA average lines really have no relavance in this case, I use those just to determine how well a trend is behaving and do not use them for entries or exits...

--NM

It souonds like you know Hector

Originally Posted by 68jules

It souonds like you know Hector

Hahaha Actually I have been trading that method for around 4 years or so now I think or close to it, its a pretty solid method for sure. It has made me a lot of pips...

--NM

Originally Posted by NIghtmoves

Hahaha Actually I have been trading that method for around 4 years or so now I think or close to it, its a pretty solid method for sure. It has made me a lot of pips...

--NM

me too. love it

Originally Posted by 68jules

me too. love it

What is Hector?

Originally Posted by 68jules

me too. love it

I base my setups and entries the same as he does but I set my targets a little different he trades on the conservative side or used to anyway, and I let the trades run a little longer if the trend is strong. I scale my trades down as targets are reached. I always have a half out target, and from there I just scale it down as it gets closer to my final TP.

--NM