Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 576 | 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)

  • #11,501
  • Aug 20, 2007 2:02am Aug 20, 2007 2:02am
Quoting auslanco
Any analysis for today bro??
Hey Bro, I agree with the 5SMA Daily,the 38.2 Fibo on the Daily is at 228.74 which is near the 229.00 area, I would target a minimum of the 38.2 Fibo with expectation of the Spike above the line to reach the 5SMA.

Once we reach the Daily 5SMA and 38.2 Fibo, we should see some retrace before the attempt to breach the 5SMA and possibly strike upwards to the 50% fibo line at 231.65.

This would have to be analyzed once we get near the target of 229.00 and we can check the 4HR strength.

I am also watching the High from Friday at 228.96 as a resistance, so this area should be a nice area for the first target here on this move upwards.

The median range for now is 226.91, which would have been an ideal entry point, will see if the London session moves to this area prior to a move to the target range, I would be very much ready to add LONGS here.

Low range is 224.87, the low of Sunday Open session.

GOOD TRADING TO ALL!
  • #11,502
  • Aug 20, 2007 2:03am Aug 20, 2007 2:03am
Quoting ar1002
Ok. So how you all are getting the daily 5 SMA rate? Just keeping the cursor on the 5 SMA Line or it displays rate while keeping the cursor on it? Just make it clear. Thanks in advance.
I put my cursor on the 5sma line on the current bar and in this case on daily.
  • #11,503
  • Aug 20, 2007 2:05am Aug 20, 2007 2:05am
Guys, Please learn the math of these calculations.

Your SMA 5 is a simple moving average of the close of the last 5 bars. Daily SMA across platforms will be slightly different. The daily SMA 5 can be especially different between platforms when the platforms run different timezones. Several days in a row, we had some end of day movement. CET for example closes 2 hours different then GMT. If those two hours had sugnifigant movement, then the calculation on the close of the bar will be substancially different.

MIG has Aus's SMA 5, while IBFX, Oanda, and a few others have the same.

This is a huge problem when relying on such a short period MA. You will also notice a difference in the Daily Pivots.

My personal opinion (And its just that...) is that GMT Pivots and smaller MA's are more accurate when based on Open or close instead of typical because a majority of the worlds brokers run in GMT, not CET. Again, just my opinion.

However 227.99 is Fridays High. GJ historically can not break through a previous high on the first try, thus I expect a reasonable retracement there if it is going to continue. So my TP is 227.99.
Que
  • #11,504
  • Aug 20, 2007 2:12am Aug 20, 2007 2:12am
Quoting auslanco
If your daily 5 SMA is 229.28.. Then thats your profit target
in alpari uk daily 5sma 229.30
in interbankfx daily 5sma 227.29
which of them true??????????
  • #11,505
  • Aug 20, 2007 2:12am Aug 20, 2007 2:12am
Quoting Que
Guys, Please learn the math of these calculations.

Your SMA 5 is a simple moving average of the close of the last 5 bars. Daily SMA across platforms will be slightly different. The daily SMA 5 can be especially different between platforms when the platforms run different timezones. Several days in a row, we had some end of day movement. CET for example closes 2 hours different then GMT. If those two hours had sugnifigant movement, then the calculation on the close of the bar will be substancially different.

MIG has Aus's SMA 5, while IBFX, Oanda, and a few others have the same.

This is a huge problem when relying on such a short period MA. You will also notice a difference in the Daily Pivots.

My personal opinion (And its just that...) is that GMT Pivots and smaller MA's are more accurate when based on Open or close instead of typical because a majority of the worlds brokers run in GMT, not CET. Again, just my opinion.

However 227.99 is Fridays High. GJ historically can not break through a previous high on the first try, thus I expect a reasonable retracement there if it is going to continue. So my TP is 227.99.
thanks Que
that's right
  • #11,506
  • Aug 20, 2007 2:14am Aug 20, 2007 2:14am
Quoting Que
Guys, Please learn the math of these calculations.

Your SMA 5 is a simple moving average of the close of the last 5 bars. Daily SMA across platforms will be slightly different. The daily SMA 5 can be especially different between platforms when the platforms run different timezones. Several days in a row, we had some end of day movement. CET for example closes 2 hours different then GMT. If those two hours had sugnifigant movement, then the calculation on the close of the bar will be substancially different.

MIG has Aus's SMA 5, while IBFX, Oanda, and a few others have the same.

This is a huge problem when relying on such a short period MA. You will also notice a difference in the Daily Pivots.

My personal opinion (And its just that...) is that GMT Pivots and smaller MA's are more accurate when based on Open or close instead of typical because a majority of the worlds brokers run in GMT, not CET. Again, just my opinion.

However 227.99 is Fridays High. GJ historically can not break through a previous high on the first try, thus I expect a reasonable retracement there if it is going to continue. So my TP is 227.99.
Thanks Que for that explaination.
  • #11,507
  • Aug 20, 2007 2:17am Aug 20, 2007 2:17am
Quoting monarch

GOOD TRADING TO ALL!
I totally agree with you that this wave has the potential to go up to 231.65. But I will be happy to collect my pips around 229 area . Thanks bro..
  • #11,508
  • Aug 20, 2007 2:17am Aug 20, 2007 2:17am
Quoting Que
.......................................
However 227.99 is Fridays High. GJ historically can not break through a previous high on the first try, thus I expect a reasonable retracement there if it is going to continue. So my TP is 227.99.
Did you say, 228.99?
  • #11,509
  • Aug 20, 2007 2:19am Aug 20, 2007 2:19am
I have Fridays HIGH at 228.96 on MT4.

If your HIGH is 227.99, that was just reached here during the Frankfurt Hour, and you should be out of that trade.

Please check your HIGH and let me know what you have???


Thanks, KEN
  • #11,510
  • Aug 20, 2007 2:20am Aug 20, 2007 2:20am
Quoting trader8686
Did you say, 228.99?
Opps, typo on my part. Yes meant 228.99
Que
  • #11,511
  • Aug 20, 2007 2:21am Aug 20, 2007 2:21am
Quoting monarch
I have Fridays HIGH at 228.96 on MT4.

If your HIGH is 227.99, that was just reached here during the Frankfurt Hour, and you should be out of that trade.

Please check your HIGH and let me know what you have???


Thanks, KEN
Hi bud, I have 227.97
  • #11,512
  • Aug 20, 2007 2:23am Aug 20, 2007 2:23am
Quoting markam
Aus, my daily 5sma is above 231.
How do you get a target reading off the 5sma on the daily please?
  • #11,513
  • Aug 20, 2007 2:23am Aug 20, 2007 2:23am
Quoting monarch
I have Fridays HIGH at 228.96 on MT4.

If your HIGH is 227.99, that was just reached here during the Frankfurt Hour, and you should be out of that trade.

Please check your HIGH and let me know what you have???


Thanks, KEN

Man, we are starting to get some heavy hitters in this thread. I did not notice you were part of this thread Ken. I have read many of your posts. I like how you evaluate the market.
Que
  • #11,514
  • Aug 20, 2007 2:23am Aug 20, 2007 2:23am
Quoting auslanco
I totally agree with you that this wave has the potential to go up to 231.65. But I will be happy to collect my pips around 229 area . Thanks bro..
I agree with the target 229 for initial exit.

I also would not press futher, I am still waiting for the break above the 228.01 which is the Asia/Frankfurt High Range to confirm our move upwards.

Were just bouncing around here for the past hour and half, it should continue to move upwards riding the 21 ema on the 5Min chart, I have been waiting for a move to the 50 EMA on the 5Min to add more Long positions, or above the 228.01 with a closed candle.

Will chat with you here later, setting stops and limits, getting ready to go sleep a few hours.
  • #11,515
  • Aug 20, 2007 2:25am Aug 20, 2007 2:25am
We currently have a ranging market because 5Min and 10 min QQE have crossed down. When the 5min /10min QQE cross back upwards.. we will see a smooth ride towards 229.
Attached Image
  • #11,516
  • Aug 20, 2007 2:25am Aug 20, 2007 2:25am
Quoting khaled22
in alpari uk daily 5sma 229.30
in interbankfx daily 5sma 227.29
which of them true??????????
They could quite easily both be true. There will be a large difference in the 5 sma depending on whether your broker has a day bar for Sunday or not. I prefer to use brokers for my charts that do not have a Sunday day bar.
  • #11,517
  • Aug 20, 2007 2:27am Aug 20, 2007 2:27am
Quoting monarch
Will chat with you here later, setting stops and limits, getting ready to go sleep a few hours.
Thanks for your input. See you here next time
  • #11,518
  • Aug 20, 2007 2:27am Aug 20, 2007 2:27am
On Friday 17 Aug 2007:

13:15 GMT GBPJPY hit 228.89
13:38 GMT GBPJPY hit 228.99

Different brokers will have different values of course. But it should not be 100 pips different. If it is, I would question the broker. Even CNN is saying Friday high was 228.99.
Que
  • #11,519
  • Aug 20, 2007 2:27am Aug 20, 2007 2:27am
Quoting musicman007
Hi bud, I have 227.97
Hey , your charts only reached the 227.97 high?

I had 228.96 around 11:30 am EST of Friday.

Either way, were pressing the 228.00 mark here, which should signal some upward movement during the London Session.

Time to make those pips Bro!!
  • #11,520
  • Aug 20, 2007 2:30am Aug 20, 2007 2:30am
money money money
upward trigerd
255 traders viewing now