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

  • #3,661
  • Aug 5, 2007 2:48pm Aug 5, 2007 2:48pm
Quoting karmostaji
I think retracement will start from the next hour
Retrace up to about 240.90 area right? Just to fill the gap then back down.
  • #3,662
  • Aug 5, 2007 3:12pm Aug 5, 2007 3:12pm
Quoting kevinsw
Retrace up to about 240.90 area right? Just to fill the gap then back down.
It might retrace to 241.30-40 which are the 5SMA on 1h and 4h

I've closed my short positions, I'll wait for the retrace to happen and then short again

My previous targets were all reached with the help of the gap
Trade what you see, not what you think.
  • #3,663
  • Aug 5, 2007 3:13pm Aug 5, 2007 3:13pm
Quoting smjones
It has been a sweet ride down from 242.40

http://www.forexfactory.com/showpost...postcount=3120
+300 pip gain as of this writing. That's the kind of trade I dream about. Especially when my boss dumps a pile of work on my desk and doesn't even bother to say "please"....

Ah maybe some day........

Anyways, job well done, SMJones Keep it up!! (or down in this case)
  • #3,664
  • Aug 5, 2007 3:32pm Aug 5, 2007 3:32pm
Just touched the 5SMA on the 30 min chart and is hitting some resistance there.
  • #3,665
  • Aug 5, 2007 3:45pm Aug 5, 2007 3:45pm
4Hr Strength Indicator: crossed down (but the confirmation bar has not yet formed -next bar)
4Hr TFT: price is below the TFT line
1Hr Strength Indicator: Crossed down but way below the 50 line
1Hr TFT: the new bar is Way below the TFT line

Interpretation: Since the 1Hr S.I is way below the 50 line(my entry point is @ the 50 line crossing) I will wait until the 1hr SI cross upwards(retracement) and as it crosses back down again I may go short(if the 4hr SI is still crossed down).

We will have an awesome short(Sell) day today with a guaranteed 300 pips since the daily momentum and trend is extremely bearish.
Attached Image
  • #3,666
  • Aug 5, 2007 3:48pm Aug 5, 2007 3:48pm
I don't know if you are still following Auslanco's strategy but I am sure you noticed the indicators he is using on the other thread he started this Sunday. I have downloaded VTTrader and using Gann Hi Lo indicator with Quantative Qualitative Indicator as he described. But since using any fx platform other than MT4 is hard to get used to I wonder if you can write those indicators for mt4?
  • #3,667
  • Aug 5, 2007 3:55pm Aug 5, 2007 3:55pm
Quoting brok
I don't know if you are still following Auslanco's strategy but I am sure you noticed the indicators he is using on the other thread he started this Sunday. I have downloaded VTTrader and using Gann Hi Lo indicator with Quantative Qualitative Indicator as he described. But since using any fx platform other than MT4 is hard to get used to I wonder if you can write those indicators for mt4?
emda may be able to re-design the same indicators for MT4. we shall wait until he comes back.
  • #3,668
  • Aug 5, 2007 3:56pm Aug 5, 2007 3:56pm
Quoting auslanco
emda may be able to re-design the same indicators for MT4. we shall wait until he comes back.
Well if he does...I Want One..lol

Well if this don't stink...almost time to leave for work. I miss ALL the fun.
  • #3,669
  • Aug 5, 2007 3:56pm Aug 5, 2007 3:56pm
Last week, we anticipated 239.60-70 to be good support levels since 2 fibo's overlapping and it was one of our targets for shorts, since today we have opened below these fibo's, they are being a tough resistance to crack now, if this holds strongly then i dont know what to think.. we'll see in a couple of hours
Trade what you see, not what you think.
  • #3,670
  • Aug 5, 2007 3:59pm Aug 5, 2007 3:59pm
Quoting auslanco
emda may be able to re-design the same indicators for MT4. we shall wait until he comes back.
Auslanco, welcome back. What about the VT-Level Stop/Reverse System? Don't you use it anymore? Before you left last week, you promised to explain how to use this. Just curious...
  • #3,671
  • Aug 5, 2007 4:04pm Aug 5, 2007 4:04pm
Quoting auslanco
4Hr Strength Indicator: crossed down (but the confirmation bar has not yet formed -next bar)
4Hr TFT: price is below the TFT line
1Hr Strength Indicator: Crossed down but way below the 50 line
1Hr TFT: the new bar is Way below the TFT line

Interpretation: Since the 1Hr S.I is way below the 50 line(my entry point is @ the 50 line crossing) I will wait until the 1hr SI cross upwards(retracement) and as it crosses back down again I may go short(if the 4hr SI is still crossed down).

We will have an awesome short(Sell) day today with a guaranteed 300 pips since the daily momentum and trend is extremely bearish.
Ausi,

Since some of us still in learning. Can you give the price (if there is any) of the above info, especially the entry?
  • #3,672
  • Aug 5, 2007 4:04pm Aug 5, 2007 4:04pm
Quoting magiclino
Auslanco, welcome back. What about the VT-Level Stop/Reverse System? Don't you use it anymore? Before you left last week, you promised to explain how to use this. Just curious...
Hi magiclino, I sure do..use the VT level stop. I just done want to feed all the information @ once and mess it up.. So If have downloaded it already just play around with it (it's not hard to understand ATR periods 14 and ATR multiplier 3), until I will give a full interpretation by next week.
  • #3,673
  • Aug 5, 2007 4:05pm Aug 5, 2007 4:05pm
Do you think it will retrace back to the 1 hour 5sma, or hold around the current 240 mark?
  • #3,674
  • Aug 5, 2007 4:06pm Aug 5, 2007 4:06pm
Quoting auslanco
Hi magiclino, I sure do..use the VT level stop. I just done want to feed all the information @ once and mess it up.. So If have downloaded it already just play around with it (it's not hard to understand ATR periods 14 and ATR multiplier 3), until I will give a full interpretation by next week.
Cool. Thanks. Look forward to those explanations....
  • #3,675
  • Aug 5, 2007 4:09pm Aug 5, 2007 4:09pm
Quoting trader8686
Ausi,

Since some of us still in learning. Can you give the price (if there is any) of entry?
Hi trader8686... I will ONLY post the trades I take ON MY OWN ACCOUNT. THEY NOT TRADE CALLS. I HOPE, I HAVE MADE THIS CLEAR TO PEOPLE .
  • #3,676
  • Aug 5, 2007 4:11pm Aug 5, 2007 4:11pm
Quoting markam
Do you think it will retrace back to the 1 hour 5sma, or hold around the current 240 mark?
It may retrace to 240.95 to close the gap before it starts going down.
  • #3,677
  • Aug 5, 2007 4:13pm Aug 5, 2007 4:13pm
Quoting auslanco
Hi trader8686... I will ONLY post the trades I take ON MY OWN ACCOUNT. THEY NOT TRADE CALLS. I HOPE, I HAVE MADE THIS CLEAR TO PEOPLE .
We must all be confortable with the price we see and enter the trade by that and not what others enter at or we will never learn to trade on our own. I will watch what he does and look at the charts until I see what he sees then enter.
  • #3,678
  • Aug 5, 2007 4:16pm Aug 5, 2007 4:16pm
CRAP...time to go to work...see you all in about 12 hours when all the fun is over no doubt..lol
  • #3,679
  • Aug 5, 2007 4:22pm Aug 5, 2007 4:22pm
Quoting auslanco
emda may be able to re-design the same indicators for MT4. we shall wait until he comes back.
sorry but I have no idea...maybe having the vt source code of the indicators... but this week I'll be more busy with another projects.
by the way... welcome again auslanco. Everybody was wondering if you were still alive
  • #3,680
  • Aug 5, 2007 4:24pm Aug 5, 2007 4:24pm
Chartists Point Out That There Is No Confirmation Of A Short Term Bottom Yet; Next Downside Target Is 115.70 (long Term Rising Trend Line Support) - Wires Ttn
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