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

  • #15,581
  • Aug 26, 2007 7:39am Aug 26, 2007 7:39am
Auslanco,

I find some comfort in knowing that I am not the only one that took a nap and find myself with a long in play over the week end. I must say though, I would not have a good week end with 20 lots riding on it until trading opens later. (fingers crossed)

And I see you have been busy over the week end with the new thread and all, Nice job.
  • #15,582
  • Aug 26, 2007 9:05am Aug 26, 2007 9:05am
Quoting auslanco
Very Useful and very easy to spot the signal with your QQE alert. Thank you for the contribution. I have already created a strategy using the QQE alert,Gann Hi low and VT level stop reverse system with some awesome back test results for smaller time frames. I will be starting forward testing from this Monday and keep every one informed about the new strategy and results in the coming weeks.

Below is the screen shot of the new system now I hope no one bugs me with million questions. Please have patience until I post the full strategy details and test results after I finish the forward testing

Can you Please post this alert link to http://www.forexfactory.com/showthread.php?t=41509 as well. Thank you
ok Que... you have a new task to do for MT4
  • #15,583
  • Aug 26, 2007 9:09am Aug 26, 2007 9:09am
thank you auslanco for bringing my attention to the QQE and momentum indicators, has been the cherry on the pie so to speak for my own system. I use the qqe set to 1 along with some other indicators to avoid false entires on 5 min chart for gbp/gpy, gbp/usd, eur/jpy and cad/jpy.

SWEET!
  • #15,584
  • Aug 26, 2007 9:35am Aug 26, 2007 9:35am
Quoting Hakuna Matata
hi guys just wanted to update on my trade and the reason for entry/exit
as i have been mentioning in here that togthere with Aus system and 2 other systems i follow , i also use 50ema and 100sma especially in 4hr.1hr,30 min TF's and i treat them as strong support/resistence levels.

anyways for those interested and who have been asking me about the use of these MA's- here u go--a pic will say a thousand words

i posted my entry (see above qupte) where it bounced off the 50 ema at 231.25 and i had a t/p set in just below 100sma at 234.50 and i went to sleep and woke up today morning with that last trade closed for +325 pips.
know lookin at the charts i know this will go further Up for sure--but im glad my position is closed for the weekend---ill just reenter, hopefully with a better price nxt week.
the reason for this posting is to show how this 50ema and 100sma come inot play---u can go back in the charts and look what happens around these areas especially in 4hr, 1hr and 30 min Tf's and look at the candles open/close above/below them

enuff said---got to go--will leave u with this pic:
ps-- the other purple arrows are the bounce at/near 50ema on 4hr

enjoy

Mate, this idea is really good. I first of all thanks Auslanco for introducing the QQE indicator for us who use MT4.

I backtested this idea (using ema50, sma100 and QQE indicator on H4) and the results look really nice. I guess we have one more winning strategy at our hand. What is more, this can totally be written as an ea since no discretional behaviour needed.

So who will write an ea for this?

Can write down the rules if anyone is interested.....
  • #15,585
  • Aug 26, 2007 9:42am Aug 26, 2007 9:42am
Quoting Trumpcard
i think we can all analyse the charts til we're blue in the face but it doesn't mean a thing - exisitng home sales on Monday will ultimately provide the direction. A bad figure is likely to be perceived as the start of a recession, the DOW could then plummet 2-3% bringing down GJ with it. Or vice versa! Just a waiting game until then
I totally agree with you.
Humble Lifetime Member
  • #15,586
  • Aug 26, 2007 9:47am Aug 26, 2007 9:47am
Originally Posted by Trumpcard http://www.forexfactory.com/images/buttons/viewpost.gif
i think we can all analyse the charts til we're blue in the face but it doesn't mean a thing - exisitng home sales on Monday will ultimately provide the direction. A bad figure is likely to be perceived as the start of a recession, the DOW could then plummet 2-3% bringing down GJ with it. Or vice versa! Just a waiting game until then


That's exactly why I love the 5min Charts, i couldn't care less about the fundamentals

  • #15,587
  • Aug 26, 2007 10:44am Aug 26, 2007 10:44am
Quoting Pips_Cruiser
Technicals are looking more long than short to me, also. I have an open long position and feel pretty good about it, though I wish the fundamentals were a little more bullish.
if u r talking about fundamentals i think if u wnat to analyse
what will happen u should check what big hedge funds thinks
they can analyse fundamentals they have analysts
i entered 50% of my margin at 231.30 second at 234.65
my target is 220.64 i am trading only fundamentals
my stops are 237.64

""it is better to do Right than be Right""
Don't compare your Trades with Others
  • #15,588
  • Aug 26, 2007 10:54am Aug 26, 2007 10:54am
Quoting cryten
Originally Posted by Trumpcard http://www.forexfactory.com/images/buttons/viewpost.gif
i think we can all analyse the charts til we're blue in the face but it doesn't mean a thing - exisitng home sales on Monday will ultimately provide the direction. A bad figure is likely to be perceived as the start of a recession, the DOW could then plummet 2-3% bringing down GJ with it. Or vice versa! Just a waiting game until then


That's exactly why I love the 5min Charts, i couldn't care less about the fundamentals
cn u pls teach me ur 5min strategy
THE TREND IS UR FRIEND
  • #15,589
  • Aug 26, 2007 11:08am Aug 26, 2007 11:08am
hy all , and sorry for my bad english. I trade gbp/jpy only and i come to this forum because i see a lot of interes for this pair.
First i will like to explain my strategie, for this pair .
1) roule : put the suport and the rezistance with 5-10 -15 pips upper or down.
Example: if there is a strong line at 233.33 you will see that line at 233.43 or 233.23 . buy after 233.43 , and sell after 233.13
2) use fibo on 4h chart , or dayly chart , and look for 50% an 61.8%, there you will have the big move .
3) use minumum 37 pips for the stop lose , and enter in tranzaction just in case that your stop lose include at least 1 strong level(30 minutes level for example).
4) follow the trend that is give by the daily chart (if is up you will loke only for a buy point , you will not go shorting is very dangeros)
5)do not use matematical indicators for 30 minutes, or 1h chart, use them on daily or 4h chart
6) use RSI (30) on 4h chart , and follow the 50% level, when is brake and going up go long , when is going down go short.
7) BEST ENTER POINTS ARE : previus (mounth, wekkley, daily) hight , and low
if there is interes for the strategy i will tell you more then this introduction

see you son!
  • #15,590
  • Aug 26, 2007 11:11am Aug 26, 2007 11:11am
Quoting auslanco
Very Useful and very easy to spot the signal with your QQE alert. Thank you for the contribution. I have already created a strategy using the QQE alert,Gann Hi low and VT level stop reverse system with some awesome back test results for smaller time frames. I will be starting forward testing from this Monday and keep every one informed about the new strategy and results in the coming weeks.

Below is the screen shot of the new system now I hope no one bugs me with million questions. Please have patience until I post the full strategy details and test results after I finish the forward testing

Can you Please post this alert link to http://www.forexfactory.com/showthread.php?t=41509 as well. Thank you
I'm pretty positive no one will bug you with a million questions,I do however think you may get a million people bugging you with just one question.
  • #15,591
  • Aug 26, 2007 11:29am Aug 26, 2007 11:29am
Auslanco,

Thanks! I'll be watching for the dip to close the gap as well. Sorry to hear about the typo with the 20 full lots. I guess it could be really good or really bad. That's good that it's at least in a profit. I've done that numerous times, but with 1 lot instead of one mini lot and I thought that was bad. I can't imagine 20 full lots. I hope you have enough time to take profit.

Frank


Quoting auslanco
Hi Frank, As Hakuna, Zoran and few other members pointed out the current price level is sitting on a Fib level. Therefor I would expect the price to dip 50-100 pips before break that fib level during the late Tokyo Hours on Monday. But also the exact opposite could happen. It could jump up 50+ pips @ the Auckland start and retrace later on to close the gap. Either way I will be waiting until the gap close to go long.

Now here's the interesting part : I placed a small Buy stop order @ 233.71 before I went to sleep on Friday. When I checked my platform on Saturday morning I found out my order was for 20 full lots instead of 2 full lots. I have entered the wrong lot number by accident(extra zero) . Obviously it's already executed and currently on a nice 55 pip profit. But at the moment I'm pissing my pants and praying the God every minute until my broker resumes trading on Monday, so I can close the trade before it goes against me. I guess this is the price you have to pay when you trade 36 hours without any sleep.
  • #15,592
  • Aug 26, 2007 11:32am Aug 26, 2007 11:32am
Quoting cryten
Originally Posted by Trumpcard http://www.forexfactory.com/images/buttons/viewpost.gif
i think we can all analyse the charts til we're blue in the face but it doesn't mean a thing - exisitng home sales on Monday will ultimately provide the direction. A bad figure is likely to be perceived as the start of a recession, the DOW could then plummet 2-3% bringing down GJ with it. Or vice versa! Just a waiting game until then


That's exactly why I love the 5min Charts, i couldn't care less about the fundamentals
gj up 25pips
THE TREND IS UR FRIEND
  • #15,593
  • Aug 26, 2007 12:34pm Aug 26, 2007 12:34pm
Quoting 59fender
I'm pretty positive no one will bug you with a million questions,I do however think you may get a million people bugging you with just one question.
...and there will doubtless be a million versions of that one question... ~ I'm looking forward with pleasure to the unveiling of your new strategy.
And thanks in advance for all you do. But please Aus, get more sleep!
  • #15,594
  • Aug 26, 2007 1:03pm Aug 26, 2007 1:03pm
Quoting Idoogye
...and there will doubtless be a million versions of that one question... ~ I'm looking forward with pleasure to the unveiling of your new strategy.
And thanks in advance for all you do. But please Aus, get more sleep!
yeah aus,

u need ur strength, hope ur wife is helping out

cheers
THE TREND IS UR FRIEND
  • #15,595
  • Aug 26, 2007 1:48pm Aug 26, 2007 1:48pm
Couple of interesting tidbits on Countrywide.

first this annoucement on their website.

Quote
COUNTRYWIDE POSTPONES INVESTOR EVENT
TO NOVEMBER 12, 2007


Countrywide Financial Corporation has rescheduled its annual Investor Forum to November 12, 2007 instead of the previously scheduled days of Sept. 5-6, 2007. The new date falls after the announcement of Countrywide's third quarter financial results and after the completion of the Company's annual strategic planning process. Details of the rescheduled event, including time, location and format, will be provided in the near future.

The next event on Countrywide's Investor Relations calendar is the Bank of America conference in San Francisco on September 18, 2007. Angelo Mozilo, Countrywide's Chairman and CEO, will be a featured speaker at this conference.

We look forward to your participation at our November event.



It's always a good sign when they are afraid to face the stockholders.

Second, I did a check and Mozilo (the CEO) has filed 21 Form 4's for disposal of Countrywide stock since the beginning of June. The biggest rat is definitely leaving the sinking ship with as much cheese as possible.

The banking portion of countrywide may continue on, but the mortage lending side is most definitely going under.
  • #15,596
  • Aug 26, 2007 2:12pm Aug 26, 2007 2:12pm
Just a quick update.

I'm currently short and if this thing does turn around, my target is around (possibly just below) 230 for just over 400 pips profit.

I will take a long around that point (230 and adding as we go lower) with a target around 238.00 although first off will be around 237.50. The bulls will have a turbulent time after 238.00. That point will be my reversal for a largish fall to restest the low (220.00).

Tomorrow is a UK bank holiday so may be a slow day during the London session. Weather has finally cleared up so I'll probably be out enjoying the sun with wife and kids.

Good trading to you all.

Z
  • #15,597
  • Aug 26, 2007 2:28pm Aug 26, 2007 2:28pm
Quoting auslanco
Now here's the interesting part : I placed a small Buy stop order @ 233.71 before I went to sleep on Friday. When I checked my platform on Saturday morning I found out my order was for 20 full lots instead of 2 full lots.
Just think of all the interest you have earned over the weekend!
  • #15,598
  • Aug 26, 2007 2:59pm Aug 26, 2007 2:59pm
Thanks to Markam for the lead to www.xe.com - a good place to get weekend quotes on GJ. I never quite understood how prices could gap on Sunday opening, but I see now that there is trading conducted on the weekends for institutional traders. Best to everyone for a great week ahead.
_______________ Here 2 Learn
  • #15,599
  • Aug 26, 2007 3:10pm Aug 26, 2007 3:10pm
Quoting Zoran
Just a quick update.

I'm currently short and if this thing does turn around, my target is around (possibly just below) 230 for just over 400 pips profit.

I will take a long around that point (230 and adding as we go lower) with a target around 238.00 although first off will be around 237.50. The bulls will have a turbulent time after 238.00. That point will be my reversal for a largish fall to restest the low (220.00).

Tomorrow is a UK bank holiday so may be a slow day during the London session. Weather has finally cleared up so I'll probably be out enjoying the sun with wife and kids.

Good trading to you all.

Z
RE: 4 HR chart and Daily -- 100sma, EMA 50, EMA 20

Have any of you fine fellows applied your indicators to the other JPY pair . . . EUR/JPY? Your observations regarding price being at certain levels carries through to this pairs too. Either all of them will reverse lower . . . or we go higher. In my opinion ONLY, I am LONG on all such pairs (for today anyway)

Check the EUR/USD and AUD/USD pair . . . price has moved convincingly through the 100sma.

Regards, K
  • #15,600
  • Edited 3:52pm Aug 26, 2007 3:39pm | Edited 3:52pm
Guppy price seems to be stuck 234.46 for the last 38 mins (since my bro-ker opened). No movement - whereas cable has moved somewhat. Seems a bit strange?
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