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

  • #6,121
  • Aug 10, 2007 5:02am Aug 10, 2007 5:02am
Quoting gazza71
I see on several screen shots from VTtrader that the QQE is labelled as "Strength Indicator" - I have QQE, is this exactly the same thing ? if so, how do you guys get the label shown as strength...
Thx

gazza, you can name the indicator whatever you want. Look in the properties window.

Thank you.

~G.
  • #6,122
  • Aug 10, 2007 5:02am Aug 10, 2007 5:02am
That's a nice pin-bar we have on 1H, but i'm still sticking to the plan..
Trade what you see, not what you think.
  • #6,123
  • Aug 10, 2007 5:05am Aug 10, 2007 5:05am
Hello to all.
I just came, are you long or short?
  • #6,124
  • Aug 10, 2007 5:07am Aug 10, 2007 5:07am
I closed my long @ b/e 238.50. Does not seem to be happening now. I rather wait for proper confirmation and potentially miss part of an upswing that losing 75 pips @ SL 237.75. But that's just me cautious after bad losses last week.
Consistency and patience is everything
  • #6,125
  • Aug 10, 2007 5:08am Aug 10, 2007 5:08am
Quoting karmostaji
That's a nice pin-bar we have on 1H, but i'm still sticking to the plan..
there is a pin bar on 1H, UJ, GU and GJ!!!
what do you think guys?
  • #6,126
  • Aug 10, 2007 5:11am Aug 10, 2007 5:11am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting proctorforex
Is there anywhere that I could look at a good explanation as to how trailing stops work?

I would like to assume, dangerous I know, that I could then be away from my desk if needed and still have a measure of certainty over any profits I may be making on a trade.

Thanks.

Hi not sure about a thread for that, you could start one.

but hope this will help.

you make your trade buy or sell, decide how much you are prepaired to except as a lose on the trade (MM) and look at the moving ranges, this will help you decide where to put a stop lose. 10 pips is no good and 200 pips is to far and to costly if you get the idea. as an example i use 50 pips on eur/usd.

then you set you trailing stop again each platform has different settings. i usually use between 10 and 30 pips. as the pair move in your favour the trail will count down to 0 and then move you stop lose by the trail amount 10-30 pips on my setup. after which it will start the count down again, and continues on like this until it reaches you target or comes back and hits your stop lose. with any luck the stoplose is now in profit, but not always.

clears as mud, someelse may be able to explain better.

regards

MPP
  • #6,127
  • Aug 10, 2007 5:11am Aug 10, 2007 5:11am
Quoting auslanco
Spot on Mike, But I think the 1hr SI will touch the 50 line and cross back down after a 50% retracement completion.
Aus,
So, SI is the heart of Auslanco's system and you need VT to use this method. Any suggestions for MT4 users in following this system.

Thanks
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #6,128
  • Aug 10, 2007 5:13am Aug 10, 2007 5:13am
Quoting karmostaji
That's a nice pin-bar we have on 1H, but i'm still sticking to the plan..
and a double high with lower closing on the Daily, I'm short with a tight SL
  • #6,129
  • Aug 10, 2007 5:13am Aug 10, 2007 5:13am
Considering the state of the markets, it's impressive that GJ has held up so far. I wonder what the hell it's going to do when NY opens.
  • #6,130
  • Aug 10, 2007 5:14am Aug 10, 2007 5:14am
Quoting Abouelzelouf
there is a pin bar on 1H, UJ, GU and GJ!!!
what do you think guys?

Sorry but I have to take issue with the pin bar. It doesn't scare me. The one on the weekly is much more interesting...

Gone to a better place
  • #6,131
  • Aug 10, 2007 5:17am Aug 10, 2007 5:17am
Quoting TradeStar
Aus,
So, SI is the heart of Auslanco's system and you need VT to use this method. Any suggestions for MT4 users in following this system.

Thanks
There is no SI or QQE for MT4 yet.



Two possibilities...

1. People are too lazy to read.
2. This forum system doesn't work very well... It would be necessary to improve the way information is published.

What can we do? We could be here for 1 year more and people still would be asking the same questions again and again...
  • #6,132
  • Aug 10, 2007 5:18am Aug 10, 2007 5:18am
Quoting smikester
Sorry but I have to take issue with the pin bar. It doesn't scare me. The one on the weekly is much more interesting...

I agree with you, PIn bars or price action in general isn't easy to read if you're looking at anything lower then H4 , but still , the weekly is bearish
  • #6,133
  • Aug 10, 2007 5:22am Aug 10, 2007 5:22am
Quoting karmostaji
That's a nice pin-bar we have on 1H, but i'm still sticking to the plan..
hala
what you understand from this nice pin-bar
  • #6,134
  • Aug 10, 2007 5:23am Aug 10, 2007 5:23am
Quoting khaled22
hala
what you understand from this nice pin-bar
That it will fall and it fell and still falling..
Trade what you see, not what you think.
  • #6,135
  • Aug 10, 2007 5:24am Aug 10, 2007 5:24am
wow... that was gone
  • #6,136
  • Aug 10, 2007 5:25am Aug 10, 2007 5:25am
Man FTSE down 175 right now... are we looking at another -300 points day on the DOW?
  • #6,137
  • Aug 10, 2007 5:26am Aug 10, 2007 5:26am
Quoting karmostaji
That it will fall and it fell and still falling..
So why are you still sticking to your long?

please enlighten
Thanks
Why do people only post a nice trending period chart?
  • #6,138
  • Aug 10, 2007 5:27am Aug 10, 2007 5:27am
Quoting zoheir
and a double high with lower closing on the Daily, I'm short with a tight SL
+75 pips on first order
  • #6,139
  • Aug 10, 2007 5:28am Aug 10, 2007 5:28am
Quoting yuhu
So why are you still sticking to your long?

please enlighten
Thanks
because I am stupid at times, simple as that
Trade what you see, not what you think.
  • #6,140
  • Aug 10, 2007 5:29am Aug 10, 2007 5:29am
Quoting MPP
Hi not sure about a thread for that, you could start one.

but hope this will help.

you make your trade buy or sell, decide how much you are prepaired to except as a lose on the trade (MM) and look at the moving ranges, this will help you decide where to put a stop lose. 10 pips is no good and 200 pips is to far and to costly if you get the idea. as an example i use 50 pips on eur/usd.

then you set you trailing stop again each platform has different settings. i usually use between 10 and 30 pips. as the pair move in your favour the trail will count down to 0 and then move you stop lose by the trail amount 10-30 pips on my setup. after which it will start the count down again, and continues on like this until it reaches you target or comes back and hits your stop lose. with any luck the stoplose is now in profit, but not always.

clears as mud, someelse may be able to explain better.

regards

MPP
Clear as mud is a lot better being clueless!

Actually it makes sense.

Thank you.
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