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

  • #10,041
  • Aug 16, 2007 8:13pm Aug 16, 2007 8:13pm
Well its 2.15am so I am off to get some sleep ready for Frankfurt and London - see you guys l8r !
  • #10,042
  • Aug 16, 2007 8:14pm Aug 16, 2007 8:14pm
Quoting ovidiu
Yes I know your strat is clear and simple, but I see that depending on market conditions you scale it down to shorter tf and it works, only to confirm that fact that you have a very good feel of this pair.
Let me put the question this way, if it were exactly the same market conditions that we have right now and al tf were exactly the same as they are now, and QQE on 30min would be under the pink dotted line but above the 50 line, would you have gone short when QQE crossed the 50 line like you wait now for it to cross pink line.

P.S I hope it was clear, it is hard for me to put the question right, but there is a pattern in your actions that I am trying to figure out, so I can think for myself from then on...
No i would only go short if QQE cross down 50 line on 30 min or 1hr
  • #10,043
  • Aug 16, 2007 8:15pm Aug 16, 2007 8:15pm
Quoting brucehvn
I use FxUniversal which is really FXSol's GTS platform. It has a cost of carry chart that will tell you the percentage you will be paid or pay on each pair for each level of leverage.

Thanks for the reply Bruce, but not exactly what I'm looking for.
  • #10,044
  • Aug 16, 2007 8:17pm Aug 16, 2007 8:17pm
Quoting Abouelzelouf
I am not able to close my computer and go to sleep do you think support for GU is still at 1.9803?
lets hope not--im short the g/u at 1.9827 and im aiming for min 75 pips
  • #10,045
  • Aug 16, 2007 8:18pm Aug 16, 2007 8:18pm
Quoting auslanco
No i would only go short if QQE cross down 50 line on 30 min or 1hr
or go up to 50 line and bounce off it?? right aus??

as i see that works really well too !!
  • #10,046
  • Aug 16, 2007 8:21pm Aug 16, 2007 8:21pm
By the way Aus, I am glad you should up for the last day of trading. I was afraid you were off to buy Australia or something with your winnings.
  • #10,047
  • Aug 16, 2007 8:21pm Aug 16, 2007 8:21pm
Hi all,

Hakuna I also am with brokers CMC and notice the spread is 15 pips.Will this remain for some time due to the volatility.?
  • #10,048
  • Aug 16, 2007 8:22pm Aug 16, 2007 8:22pm
Markam,

what is the TP you're looking at on this short, if you don't mind me asking?

Thank you.

~G.
  • #10,049
  • Aug 16, 2007 8:23pm Aug 16, 2007 8:23pm
Quoting AlphaGA
Markam,

what is the TP you're looking at on this short, if you don't mind me asking?

Thank you.

~G.
221.8

My phantom order entry has already made me 120 pips
  • #10,050
  • Aug 16, 2007 8:24pm Aug 16, 2007 8:24pm
Quoting markam
221.8

My phantom order entry has already made me 120 pips
markam,
Do you see it will go lower than 221.0 tonight?
  • #10,051
  • Aug 16, 2007 8:25pm Aug 16, 2007 8:25pm
Man, this thing is jumpy. My 120 pip profit turned to 60 pips in about 5 seconds.
  • #10,052
  • Aug 16, 2007 8:26pm Aug 16, 2007 8:26pm
Quoting markam
Man, this thing is jumpy. My 120 pip profit turned to 60 pips in about 5 seconds.
same here--and now we wish we had exited-- ( i tried and got requoted) and then i just ledt it--damn
  • #10,053
  • Aug 16, 2007 8:26pm Aug 16, 2007 8:26pm
Quoting auslanco
No i would only go short if QQE cross down 50 line on 30 min or 1hr
Finally I think I got it:
Your strat can also be scaled to 1H 30min for smaller pips profits exactly the same rules as for 4h 1h.
But in this case we have a bearish trend on almost all tf except 1H and 30min,and you just want 30 min tf to be bearish to go short to be safer as you said, and hopefully 1h will become bearish also but don't want to wait for that to not miss some good pips for a safer SL.
If I was way of target don't bother answerering
  • #10,054
  • Aug 16, 2007 8:27pm Aug 16, 2007 8:27pm
I see a Fib support at around 223.00 from this afternoon's retracement. Do you think this downward movement at the moment is strong enough to peirce through it?

Thank you.
~G.
  • #10,055
  • Aug 16, 2007 8:27pm Aug 16, 2007 8:27pm
picked up 100 pips. Planning on re-entry?

kingmaker
  • #10,056
  • Aug 16, 2007 8:28pm Aug 16, 2007 8:28pm
Quoting oztrader
Hi all,

Hakuna I also am with brokers CMC and notice the spread is 15 pips.Will this remain for some time due to the volatility.?

CMC is not known to do this--like even in aud/usd they have a 12 pips spread--bastards
i quite liked them--i find them to be more honest then others--but this is ggetin out of hands
  • #10,057
  • Aug 16, 2007 8:28pm Aug 16, 2007 8:28pm
Quoting markam
221.8

My phantom order entry has already made me 120 pips
Same here markam...locked in 100 so far http://www.forexfactory.com/images/icons/icon14.gif
  • #10,058
  • Aug 16, 2007 8:28pm Aug 16, 2007 8:28pm
Quoting ovidiu
Finally I think I got it:
Your strat can also be scaled to 1H 30min for smaller pips profits exactly the same rules as for 4h 1h.
But in this case we have a bearish trend on almost all tf except 1H and 30min,and you just want 30 min tf to be bearish to go short to be safer as you said, and hopefully 1h will become bearish also but don't want to wait for that to not miss some good pips for a safer SL.
If I was way of target don't bother answerering
I would say the 1-hour has turned bearish. The TFT flipped and SI has turned donw.
  • #10,059
  • Aug 16, 2007 8:29pm Aug 16, 2007 8:29pm
Quoting Hakuna Matata
or go up to 50 line and bounce off it?? right aus??

as i see that works really well too !!

Yehhh in normal martket condition.. thats the way to go..
  • #10,060
  • Aug 16, 2007 8:30pm Aug 16, 2007 8:30pm
There seems to have been a general misunderstanding by a number of people as to what the confirmation bar/candle is and what the entry bar/candle is. NOTE: This chart does NOT designate an actual entry at this time. It is only for the purpose of clarifying what Auslanco has been saying. The first arrow is the confirmation bar/candle. It has closed on the other side of the TFT. The second arrow designates the entry bar/candle. If the QQE had given confirmation then you would have gone short at the beginning of the bar/candle designated by the second arrow. You do not have to wait until the close of the bar/candle designated by the second arrow. Auslanco, if I have stated this incorrectly please intervene at this point. This is the way that I have always understood your method to work.

M2B
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