Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 273 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY, GBP/USD

Similar Threads

Auslanco-GBP/JPY Strength Indicator strategy 345 replies

Auslanco 15min GBP/JPY startegy 630 replies

My MT4 indicators for Auslanco's strategy 92 replies

Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies

Questions About Auslanco's Trades 72 replies

Attachments: Auslanco - GBP/JPY and GBP/USD (newstrade)
Exit Attachments

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

  • #5,441
  • Aug 9, 2007 6:47am Aug 9, 2007 6:47am
Quoting auslanco
4hr crosssed down.. I went short 240.72
we will get the 4hr confirmation @ 8 EST

There will be a small retracemnet to 5sma of 1hr.. I will go short again @ that level
Aus, your target profit should be @ 238.94. Am i right??
New Forex Trader
  • #5,442
  • Aug 9, 2007 6:47am Aug 9, 2007 6:47am
Quoting bill77
Can anyone tell me how to look out for retracements or what tool to use. i dont want the figure you expect next retracment. this is a clasic case of give a man a fish he will eat for one day, teach him how to fish he will eat forever. you can PM later when you have time. thanks in advanced.
Set up Moveing Average period=5, Type=Simple.
When 1h bar touched this 5SMA is the completion of a retracement, short it there.
But, if the 15min SI cross upwards during the retracement .. dont go short.

Also: http://www.forexfactory.com/showthread.php?t=41509
  • #5,443
  • Aug 9, 2007 6:50am Aug 9, 2007 6:50am
I tickled the beast a lot yesterday, it woke up angry.. cutting through everything, multiple fibo's and whatnot... LOL
Trade what you see, not what you think.
  • #5,444
  • Aug 9, 2007 6:51am Aug 9, 2007 6:51am
Quoting teekee
Aus, your target profit should be @ 238.94. Am i right??
I cant give you a target profit since this trade does not fit my strategy 100%.. I'm aiming for 200pip but with extreme caution.
  • #5,445
  • Aug 9, 2007 6:51am Aug 9, 2007 6:51am
240.00 will be a tough support
  • #5,446
  • Aug 9, 2007 6:51am Aug 9, 2007 6:51am
Quoting trader8686
Set up Moveing Average period=5, Type=Simple.
When 1h bar touched this 5SMA is the completion of a retracement.
but tis 5sma touches 1hr bar at 243.8. means shuld short over tt level. how to enter for nw...
  • #5,447
  • Aug 9, 2007 6:51am Aug 9, 2007 6:51am
Quoting trader8686
Set up Moveing Average period=5, Type=Simple.
When 1h bar touched this 5SMA is the completion of a retracement.
man thats all the way up to 241.45 area
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #5,448
  • Aug 9, 2007 6:51am Aug 9, 2007 6:51am
your very risky trade proved to work out after all =)

Hee... Well done sir!

Quoting karmostaji
I tickled the beast a lot yesterday, it woke up angry.. cutting through everything, multiple fibo's and whatnot... LOL
  • #5,449
  • Aug 9, 2007 6:51am Aug 9, 2007 6:51am
Quoting bill77
Can anyone tell me how to look out for retracements or what tool to use. i dont want the figure you expect next retracment. this is a clasic case of give a man a fish he will eat for one day, teach him how to fish he will eat forever. you can PM later when you have time. thanks in advanced.
My own guess is that 5min SI just crossedover, and momentum on 5,15 30 is pointing up so from what I remeber A saying that's the way to spot a retracement in this case only 240.90 30 min 5SMA, if 1 hour momentum pointing up and also a crossover then we have an retracement to 1h 5SMA 241.45
Just answered to my earlier own question :
  • #5,450
  • Aug 9, 2007 6:54am Aug 9, 2007 6:54am
Quoting intelmaster
your very risky trade proved to work out after all =)

Hee... Well done sir!
It was indeed risky, but we landed safely without the beast harming us

Price bounced off weekly trendline on 1H, retracement probably
Trade what you see, not what you think.
  • #5,451
  • Aug 9, 2007 6:56am Aug 9, 2007 6:56am
Quoting ovidiu
My own guess is that 5min SI just crossedover, and momentum on 5,15 30 is pointing up so from what I remeber A saying that's the way to spot a retracement in this case only 240.90 30 min 5SMA, if 1 hour momentum pointing up and also a crossover then we have an retracement to 1h 5SMA 241.45
Just answered to my earlier own question :

spot on ovidu, If the 8est 1hr bar shows a good momentum , I may short from there..
  • #5,452
  • Aug 9, 2007 6:57am Aug 9, 2007 6:57am
Quoting trader8686
Set up Moveing Average period=5, Type=Simple.
When 1h bar touched this 5SMA is the completion of a retracement.
thanks trader8686, but i am already short since 240.80 and i will catch the next down after the 1h bar touches 5sma again. i need to know how would you work out the minor up retracment in a already down trend market so i get out with whatever i already have in profit......Cheers....Bill
  • #5,453
  • Aug 9, 2007 6:58am Aug 9, 2007 6:58am
Short TP, 239.20 area
Trade what you see, not what you think.
  • #5,454
  • Aug 9, 2007 6:58am Aug 9, 2007 6:58am
Thank you all for the great welcome!!! Much appreciated and feels like a nice place to be and help each other out. Thank you Auslanco in particular. Since your approach is based on indicators I felt it is complimentary to my approach and vice versa. So I hope we all can benefit from it. My approach is a derivative of E-wave trading and Trend line projections. I do not use any averages, oscillators. I leave that to Auslanco
Having said this I will try to post my 5 m. indication for those who need some confirmation their position is about to improve a bit or to get out. The thing is that the shorter the time frame the shorter the trend the lesser meaning full the direction projection could be for you to use. We will see if it is worthwhile posting the 5 m. trend dir.

But for now, before it changes again the 5m. trend has changed from Down to Up.

Cheers,
Danny
P.S. * Assume I am always wrong and decide for yourself what risk/trade to take.
  • #5,455
  • Aug 9, 2007 6:58am Aug 9, 2007 6:58am
Quoting Holypendant
but tis 5sma touches 1hr bar at 243.8. means shuld short over tt level. how to enter for nw...
Oh, no. Look at your current 1h bar, this one to touch the 5SMA.
  • #5,456
  • Aug 9, 2007 7:00am Aug 9, 2007 7:00am
Quoting trader8686
Oh, no. Look at your current 1h bar, this one to touch the 5SMA.
to touch tt level? lol nd about 80pips push up leh....
  • #5,457
  • Aug 9, 2007 7:01am Aug 9, 2007 7:01am
With refernce to my earlier post regarding divergences, I have to make the following corrections:

Not the 4 hour as I stated but the 1 hour and the daily are showing bullish divergences on most oscillator type indicators. This is why I would not want to take this short.

It says to me it would be possible for a reverse, without much warning to the bullish side. I wonder whether anyone else is seeing this?
Gone to a better place
  • #5,458
  • Aug 9, 2007 7:08am Aug 9, 2007 7:08am
Quoting auslanco
spot on ovidu, If the 8est 1hr bar shows a good momentum , I may short from there..
You mean, the point of the strength indicator cross under the 50 line upwards. Right?
  • #5,459
  • Aug 9, 2007 7:10am Aug 9, 2007 7:10am
I still havent pulled the trigger.. im a bit worried about the 240 level.. would be good if it actually does retrace to 1h 5sma.. have you gone in Aus?
  • #5,460
  • Aug 9, 2007 7:10am Aug 9, 2007 7:10am
Quoting auslanco
spot on ovidu, If the 8est 1hr bar shows a good momentum , I may short from there..
Aus,

I don't see the retracement is that big to touch 5 SMA on 1h bar.
110 traders viewing now