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

  • #10,081
  • Aug 16, 2007 8:47pm Aug 16, 2007 8:47pm
I'm doing EUR/USD
  • #10,082
  • Aug 16, 2007 8:47pm Aug 16, 2007 8:47pm
Quoting auslanco
I will wait for the confirmation 30 min bar @ 22.00EST
Aus,

You have lost me on this one. I know that the shorter frames aren't part of your regular system so I couldn't find any info on it in my notes. Are you saying that after the SI cross we wait for another 30M candle to close beneath the TFT just for confirmation?

M2B
  • #10,083
  • Aug 16, 2007 8:47pm Aug 16, 2007 8:47pm
Quoting Hakuna Matata
that has already happened !!
HM, doesn't the confirmation bar come after the cross? Aus?
  • #10,084
  • Aug 16, 2007 8:47pm Aug 16, 2007 8:47pm
Quoting Hakuna Matata
that has already happened !!
QQE confirmation bar is the seconed bar after the QQE crossdown.
  • #10,085
  • Aug 16, 2007 8:49pm Aug 16, 2007 8:49pm
Quoting my2buoys
Aus,

You have lost me on this one. I know that the shorter frames aren't part of your regular system so I couldn't find any info on it in my notes. Are you saying that after the SI cross we wait for another 30M candle to close beneath the TFT just for confirmation?

M2B

There are two confirmation bars on this sytem.
1) the TFT confirmation bar as you pointed out.
2). QQE confirmation bar.. the next bar after the QQE cross down.
  • #10,086
  • Aug 16, 2007 8:49pm Aug 16, 2007 8:49pm
Quoting my2buoys
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
Hi my2, i'm not trying to corect aus in his own system, but he sugests the confirmation bar should, FORM below the tft line. the bar you sugested as comfirmation is as actualy started above the tft. the next bar you sugested as entry at the start price is actualy the confirmation bar, therfor the next half hour bar should be the entry bar.
  • #10,087
  • Aug 16, 2007 8:50pm Aug 16, 2007 8:50pm
I noticed that the QQE crossed over at the same time the parabolic sar switched over.
  • #10,088
  • Aug 16, 2007 8:51pm Aug 16, 2007 8:51pm
Quoting auslanco
QQE confirmation bar is the seconed bar after the QQE crossdown.
Thanks for the clarification.

M2B
  • #10,089
  • Aug 16, 2007 8:52pm Aug 16, 2007 8:52pm
looks like it will retrace to the 5sma before continuing down.
  • #10,090
  • Aug 16, 2007 8:53pm Aug 16, 2007 8:53pm
Quoting markam
looks like it will retrace to the 5sma before continuing down.
You mean the 30 5 sma??
  • #10,091
  • Aug 16, 2007 8:54pm Aug 16, 2007 8:54pm
Quoting bill77
Hi my2, i'm not trying to corect aus in his own system, but he sugests the confirmation bar should, FORM below the tft line. the bar you sugested as comfirmation is as actualy started above the tft. the next bar you sugested as entry at the start price is actualy the confirmation bar, therfor the next half hour bar should be the entry bar.
oops, by the time i typed my previous, it was already explained. but i think the confusion is the word used by aus "FORMED" candle must start and finish below the tft to be a confirmation. ignore this if i am wrong.
  • #10,092
  • Aug 16, 2007 8:55pm Aug 16, 2007 8:55pm
Quoting auslanco
Hi BR.. Yess Just got it I will send you a reply mate.. Thanks brother.
Thanks, Aus. No need to reply. I'll send you a short PM later with some my thoughts. We are all very busy, even just minding the forex shop here per se and the reading and the computer...Best. BR.
  • #10,093
  • Aug 16, 2007 8:55pm Aug 16, 2007 8:55pm
Quoting bill77
Hi my2, i'm not trying to corect aus in his own system, but he sugests the confirmation bar should, FORM below the tft line. the bar you sugested as comfirmation is as actualy started above the tft. the next bar you sugested as entry at the start price is actualy the confirmation bar, therfor the next half hour bar should be the entry bar.
Bill, Damn brother, You are a quick learner
  • #10,094
  • Aug 16, 2007 8:55pm Aug 16, 2007 8:55pm
Quoting cesande
You mean the 30 5 sma??
Yes. On the next bar, the 5sma will move down, and it looks like they will end up touching.
  • #10,095
  • Aug 16, 2007 8:56pm Aug 16, 2007 8:56pm
Quoting bill77
Hi my2, i'm not trying to corect aus in his own system, but he sugests the confirmation bar should, FORM below the tft line. the bar you sugested as comfirmation is as actualy started above the tft. the next bar you sugested as entry at the start price is actualy the confirmation bar, therfor the next half hour bar should be the entry bar.
The word that has confused a number of people in this thread is the word formed. Formed does not mean that the candle has to open and close on the other side of the TFT. When Aus says formed he only means it has to CLOSE on the other side of the TFT. If you simply insert the word close where Aus says formed it will make sense to you. Remember, this is an international thread and even in English speaking countries some things get lost in translation. Aus, once more please correct me if I am wrong on this.

M2B
  • #10,096
  • Aug 16, 2007 8:58pm Aug 16, 2007 8:58pm
Did anyone burn their fingers by pulling the trigger too soon??? dont worry.. we all do this sometimes
  • #10,097
  • Aug 16, 2007 8:58pm Aug 16, 2007 8:58pm
Man, the QQE has crossed back.
  • #10,098
  • Aug 16, 2007 9:00pm Aug 16, 2007 9:00pm
Quoting markam
Man, the QQE has crossed back.
IS that normal for a SI to "un" cross??
  • #10,099
  • Aug 16, 2007 9:01pm Aug 16, 2007 9:01pm
Quoting auslanco
Did anyone burn their fingers by pulling the trigger too soon??? dont worry.. we all do this sometimes
haha my dsl is down so i'm on the internet with my phone but a close friend happen to call me and saved me from a mistake! He's actually a quite savy investor, told me to relax call it a day..and not get hot headed that i'm the man... soo for the rest of the week i'll sit here and study charts with you guys
  • #10,100
  • Aug 16, 2007 9:01pm Aug 16, 2007 9:01pm
Quoting auslanco
Did anyone burn their fingers by pulling the trigger too soon??? dont worry.. we all do this sometimes
Now I see why you wait for that confirmation bar after the QQE cross. Still learning! Thank God it wasn't the hard way this time. I kept my finger off the trigger.

M2B
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