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

  • #881
  • Jul 30, 2007 3:56am Jul 30, 2007 3:56am
i did not mean to offend anyone, let alone auslanco...i just wanted to see the strategy and i was also pained at all this emotional upheavals for both profits and losses....thats all....
  • #882
  • Jul 30, 2007 3:57am Jul 30, 2007 3:57am
Quoting Timingy
And the momentum on the 4H is strating to level out - should begin to come back down and then we'll hopefully have the trigger we've been waiting for..
Don't you just love it when the market does what its supposed to do -
  • #883
  • Jul 30, 2007 3:57am Jul 30, 2007 3:57am
Quoting ns_karthik
timingy,
mine is simple price action, S and R, and pivots using fibs and murray maths....everyday i update the S and R in my blog and just trade those...it is easy, simple and straightforward....now that i have shared mine, would u mind asking auslanco to do the same??
how do you find your target and sl?
  • #884
  • Jul 30, 2007 3:59am Jul 30, 2007 3:59am
Quoting auslanco
You dont confirm the trend from the momentum. You have to you other solid indicators such as MACD. Are you using the VT Trader?
MT4 for charting primarily - This is what I had practiced with for over 6 months - my account is with EFX Group/MB trading - they have no charting and since I am comfortable with MT4 I use the charting from a demo account.

In the beginning I found "Heiken Ashi" - a Sma based indicator very useful. I went short on this pair at 250 then covered with only 100+ pip profit when it was stalling - then I made the mistake of going long - took out a big chunk out of my account - and I scared now - just waiting and watching all day/night for a long term trend change -
  • #885
  • Jul 30, 2007 3:59am Jul 30, 2007 3:59am
auslanco you and your strategy are great thank you for your time helping newbies in learning forex please don't listen to what so called ''pros" say
  • #886
  • Jul 30, 2007 3:59am Jul 30, 2007 3:59am
Aus..all the indicator are pointing north in H1 and H4....and H4 going to hit 5SMA again...What is that mean??
New Forex Trader
  • #887
  • Jul 30, 2007 4:00am Jul 30, 2007 4:00am
Hi Auslanco

I am really appreciate for you sharing the strategy in this thread.
In fact, I feel much more confident in trading after following your thread the past 1 week.

As for your call signals, it is up to individual's discretion to follow or not...
so you do not need to feel bad if the trades turn bad..

Cheers




Quoting auslanco
My strategy is written all over the forum.. for the last one week. It just a matter of not having it on a one single post.
Look guys.. this is a big reality shock for most people. I dont get every single trade right. Otherwise I would hire George Soros as my Financial Advisor, Bill Gates as my IT consultant or George Bush as my secretary. As I say Losses are part of the game. If you cant handle loses forex is not for you. I didnt promise anyone I got the holy grail. I didnt force anyone to trade my signals either. I'm comfortable with my loss which is only 2% of my account. I never force anyone to learn my stratgey. My startegy is my strategy. Infact I dont even have to explain to niether one of you. I was doing this as a favour to newbies.
  • #888
  • Jul 30, 2007 4:01am Jul 30, 2007 4:01am
Hey AUS

Whats the story with the VT-Commodity Channel Index? Thing was beeping like crazy telling me to BUY last hour.
  • #889
  • Jul 30, 2007 4:02am Jul 30, 2007 4:02am
Auslanco..the 58 pages that have developed since saturday explain your stratergy in full,it may take more time to sink in to some than others but the stratergy is there in full with examples,trade calls and exits...if some would only take time out on trading live and read we would really be up to speed on this thread.Many questions have been asked and answered you only have to look...58 pages people..is that to much to ask.
trading is a high pressure ,high risk game and Auslanco has taken the time out to enlighten all who wish to learn a method which earns him a living.Negativity is not needed or wanted on this thread..please allow those who wish to be taught the opportunity to do so.

Thanks for your time Auslanco
  • #890
  • Jul 30, 2007 4:02am Jul 30, 2007 4:02am
tacit,
for longs, tp would be 5 pips less than the resistance and sl would be around 7-8 pips less than the support....
  • #891
  • Jul 30, 2007 4:03am Jul 30, 2007 4:03am
We've just touched the 5SMA - are we in for a bounce or will it follow thru?
  • #892
  • Jul 30, 2007 4:04am Jul 30, 2007 4:04am
Quoting wilson
hi Aus, just wanted to clarify my doubt. as at 0:00 EST the momentum indicator was pointing upwards on the 4hr and upward sloping on the 1hr. so shouldn't you be buying instead of selling when you fired your signal? btw, i based my finding on VT. thanks.
It was pointing up on 4hr .But it was well below the Zero line. That was a typical 5 SMA bounce back because 1hr charts had finished it's full retracement. And it did bounce down from the 4hr 5 SMA for a while... but it just didnot have enough fire power to go down..
  • #893
  • Jul 30, 2007 4:05am Jul 30, 2007 4:05am
1 Hr 5sma retracement has been hit.

Now does it keep going south? or does it head north?

P.O.P.
  • #894
  • Jul 30, 2007 4:05am Jul 30, 2007 4:05am
Hit your retrace stop and bounced.

The force is strong in you.
  • #895
  • Jul 30, 2007 4:08am Jul 30, 2007 4:08am
Quoting auslanco
It was pointing up on 4hr .But it was well below the Zero line. That was a typical 5 SMA bounce back because 1hr charts had finished it's full retracement. And it did bounce down from the 4hr 5 SMA for a while... but it just didnot have enough fire power to go down..
oh dang, forgot bout the 5sma retracement move. thanks n appreciate all you've done
  • #896
  • Jul 30, 2007 4:09am Jul 30, 2007 4:09am
Quoting auslanco
people who want to scalp , can minimize the looses Target 240.43
yep, this became true.

another example of the 5 SMA true price retracement.
Attached Image
start from here
  • #897
  • Jul 30, 2007 4:09am Jul 30, 2007 4:09am
can anyone break the ice and tell which way they think market is heading in next few hours?
  • #898
  • Jul 30, 2007 4:10am Jul 30, 2007 4:10am
Quoting Timingy
Hey AUS

Whats the story with the VT-Commodity Channel Index? Thing was beeping like crazy telling me to BUY last hour.
VT CCI system gives lots of fake signals ... Out of them all.. the best is VT level stop system.
  • #899
  • Jul 30, 2007 4:11am Jul 30, 2007 4:11am
Is to early to decide G/Y will go down or up..
H1 Chart : Momentum pointing sideway..MACD haven't show down trend.
H4 Chart : Momentum pointing down but MACD show sideway...

Correct me if im wrong
New Forex Trader
  • #900
  • Jul 30, 2007 4:11am Jul 30, 2007 4:11am
Quoting gau2902
can anyone break the ice and tell which way they think market is heading in next few hours?

its heading east (follow the arrow)----->
"it doesn't come any sharper than this!"
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