I also spoke a little to soon on the short entry. Got to wait until the confirmation bar!
Auslanco - GBP/JPY and GBP/USD (newstrade) 235,578 replies
Auslanco-GBP/JPY Strength Indicator strategy 344 replies
My MT4 indicators for Auslanco's strategy 92 replies
manual startegy testing in mt4 2 replies
Questions About Auslanco's Trades 72 replies
Dislikedput all the doc's in to a folder and display them in detail view or look at properties, should give a created date, might help. but i will add a date to the top of the page.
also you can click the paperclip icon at the top of the thread, it will show all posted docs and the date of posting.
regards
MPPIgnored
This is a great learning experience. Thx.
DislikedThe other charts should have: QQE (smoothing factor 5), Momentum (10C), Gann HiLo Activator (10), 5sma (sma = simple moving average, the VT indicator is "Moving Average", price = close, periods = 5, and type = simple), 50sma, 100sma, and 200sma (same setups as 5sma, but with periods of 50, 100, and 200). It wouldn't hurt for the 15min chart to have all of these, also, along with the other unique things we've already dealt with.Ignored
DislikedHello PC. Saw the way u explained setting up of the 'Ausy' chart and it was straight to the point. I believe the explanation is for a VT chart. Do you please know anything about MT4 charts.http://www.forexfactory.com/images/icons/icon5.gif I'm having problems setting up my indicators on the chart (that is, the QQE, SMA, Gann Hi/Lo, and the rest).http://www.forexfactory.com/images/icons/icon9.gif
Thanx.
I am very new to fx trading (just two months on demo acct. with North Finance).Ignored
DislikedThanks for that. I tried the document properties trick but it only tells me when saved to my PC. Auslancos web site is a good reference point for newbies like me but again never sure which is the most up to date - his site or your doc.(http://www.pnwenterprises.com/auslan...instrategy.htm).
Now I have read through everything here (not a small task) I have further questions.
- If re-enterring a position following a pull back past 15 QQE1 and 15 QQE 5 should stops and targets be 60 pips (trailing I think) and 100 pips from that point or from the original entry point at 15 QQE60? Think soemone asked somethign similar but I cannot find it.
- On my charts 15 QQE1 and 15 QQE5 are always (so far) on exactly same bar. What is purpose of using both?
This is a great learning experience. Thx.
Ignored
DislikedHello PC. Saw the way u explained setting up of the 'Ausy' chart and it was straight to the point. I believe the explanation is for a VT chart. Do you please know anything about MT4 charts.http://www.forexfactory.com/images/icons/icon5.gif I'm having problems setting up my indicators on the chart (that is, the QQE, SMA, Gann Hi/Lo, and the rest).http://www.forexfactory.com/images/icons/icon9.gif
ThanxI am very new to fx trading (just two months on demo acct. with North Finance).Ignored
DislikedHello MPP! I was informed by Pip Cruiser that ur area of expertise is MT4 (@ least in chart matters).
I need a hand in setting up my indicators on the Ausy chart.http://www.forexfactory.com/images/icons/icon12.gifIgnored
DislikedHere's how my screen looks, using VT charts, when I'm trading the 15 min strategy. I keep the 15min, 30min, and 1hr charts open. The 15min (on the left) gives me the signals. I use the 30min chart for determining 5sma retrace and entry points. The 1hr chart is good for keeping track of the 1hr 5sma, checking the 1hr QQE status, and the 1hr 100sma price point. I also change the 1hr chart to 4hr now and then to check that QQE, and also it's 5sma.Ignored
DislikedI know that the price will move around the 5SMA, but what to look out for the 50SMA, 100SMA & 200SMA?
Thanks.Ignored
DislikedGood question. With Auslanco's strategies, we know about retraces to the 30min, 1hr, and 4hr 5sma. We can use them for entry points, and to better understand price movements. You might also remember that the 1hr 100sma is one of things we check for a 15min strategy trade.
The 50sma, 100sma, and 200sma are likely areas of support and resistance. Price can have a hard time moving past them. If the 1hr 100sma is just above price, and you go long with a 15min strategy, price might rise as high as the 100sma and stop. Or worse yet "bounce" off it and head the other direction. So it's a good idea to make sure price is above it already if you're going long, or below it if you're going short. 50sma and 200sma act in similar ways, even though they're not mentioned in the strategy docs. You'll read about these in the forums, from the other traders, so it's nice to have them on your charts so you know what they're talking about. Sometimes they'll use 50ema and 200ema instead, but they amount to the same thing. They're potential roadblocks to your TP area that you need to watch out for, but also areas that you can use to your advantage when setting up stop losses.Ignored
DislikedThats interesting stuff. Having worked through Auslanco's 15 min and 1 hour strats (latter used to great effect today) I am trying to get my head around how entries at retracments to the various sma's are made and more importantly what stops and targets to set having enterred. My current thinking is take a look at what seems sensible making sure the TP is at least twice the stop distance. Any good thoughts/threads on this??Ignored
DislikedFor Sunday, what do you suggest I should use as the pivots? Friday's or Thursday's data?Ignored
DislikedI do the regular setup for Asian daily pivots on Sunday, using 19est for the starting hour, and doing the setup at 19 EST or shortly after. It seems to pull in the last 24 hours of data from that point in time, which mostly includes Friday's.Ignored