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

  • #18,141
  • Aug 29, 2007 11:47am Aug 29, 2007 11:47am
Quoting winterwhite
auslanco:

Can you explain the reason you are waiting for price to hit the
one hour 5 sma before going long? Just want further insight
into your strategy.
I reason, to get a better position,

II reason, it's maybe a reversal sign
  • #18,142
  • Aug 29, 2007 11:49am Aug 29, 2007 11:49am
Quoting winterwhite
auslanco:

Can you explain the reason you are waiting for price to hit the
one hour 5 sma before going long? Just want further insight
into your strategy.

This was explained over 50 times within this 18000+ posts.. Make sure you go through them now before it hits 30000 by next month
  • #18,143
  • Aug 29, 2007 11:49am Aug 29, 2007 11:49am
Quoting mktjong
From my experience and observation, 10 yrs data is more accurate. Most traders and banks look to this number.
but the 3-month is used as an indicator of short-term money flows, correct?
  • #18,144
  • Aug 29, 2007 11:49am Aug 29, 2007 11:49am
Quoting fourxtrader
Aus, like K, in my view, you need a break from this incessant
stream of posts... give everyone the instructions to do their /
our homework and return more responsible and knowledgable.

Doctor's orders!

Got to say...baby...
i do not agree....
without AUS...i will not be able to confirm my trades...
...what did i do before Aue..eh?...what did i do?.....
  • #18,145
  • Aug 29, 2007 11:49am Aug 29, 2007 11:49am
Quoting markam
but the 3-months are down.
Hey markam...hmm well i guess the best bet would be when the dow closes. Sometimes it surprises us by doing a u-turn near closing times, so anything is possible. Wouldn't even be surprised if that actually happens and a big u-turn for carry trades too..This happen before didn't it??? Ah well lets see... still have few more hours before stock market closes
  • #18,146
  • Aug 29, 2007 11:49am Aug 29, 2007 11:49am
Quoting Richardj
When I put the whole chart in, it comes out too small to make anything out, I'm afraid. The MA's are nothing special.. I had just been thinking that the bottom of the lower twin was about Aus's 5SMA, so I posted it for that reason.
It is very close, thanks for the chart.
  • #18,147
  • Aug 29, 2007 11:50am Aug 29, 2007 11:50am
Quoting winterwhite
auslanco:

Can you explain the reason you are waiting for price to hit the
one hour 5 sma before going long? Just want further insight
into your strategy.
Because GJ is in overbought territory. The price is likely to retrace after such a large movement, and the 1hr 5sma is a good place for this to occur.

The 1hr 5sma is the real value of the currency.

If you consider GJ as running a marathon. At the moment it's sprinted up to 23330. It now needs a little while to recover, retrace down a little to find new buyers, and then carry on on it's journey to the finish line.

www.babypips.com is always a good starting place.
  • #18,148
  • Aug 29, 2007 11:51am Aug 29, 2007 11:51am
Quoting markam
Unfortunately, you have picked up a whole new crop of followers. I can't imagine someone reading though this whole thread at this point, but people really need to think (AND DO SOME SEARCHING) before they ask obvious questions.
markham:

Bear in mind that this thread is over 1000 pages.
I am working my way through it. Now I am just reading
auslanco's posts in it. Some who come here may not be
aware that you can select individual posts in this manner.
  • #18,149
  • Aug 29, 2007 11:51am Aug 29, 2007 11:51am
Quoting Richardj
When I put the whole chart in, it comes out too small to make anything out, I'm afraid. The MA's are nothing special.. I had just been thinking that the bottom of the lower twin was about Aus's 5SMA, so I posted it for that reason.
OK, thanks Richard. That makes sense
  • #18,150
  • Aug 29, 2007 11:53am Aug 29, 2007 11:53am
Quoting auslanco
I will go long if it retrace to 1hr 5 sma.. other wise I'm out.. the spike is too long and too risky.
Great system Aus,

One important issue is that should you wait for the 1hr 5sma then you are then under the 61.8% retracement currently

Would this then put you at a disadvantage as going long you risk losing due to this strong resistance level. However, should the retrace on the 1hr 5 sma occur above the fib then I'd say great.. Your thoughts on this please

Dave
  • #18,151
  • Aug 29, 2007 12:00pm Aug 29, 2007 12:00pm
Quoting markam
but the 3-month is used as an indicator of short-term money flows, correct?
Well .. you got me .. I don't know http://www.forexfactory.com/images/icons/icon9.gif
  • #18,152
  • Aug 29, 2007 12:02pm Aug 29, 2007 12:02pm
Quoting auslanco
This was explained over 50 times within this 18000+ posts.. Make sure you go through them now before it hits 30000 by next month

auslanco:

Thank you. As I stated to markham, this thread has over 1000 pages.
Having just come to this thread in the past week, the task of reading
18000 posts is not realistic. However, I have narrowed the gap; and am
now reading my way through your posts exclusively. Sorry, I did
not think this to be a question out of line. Bear in mind that I am also
learning to trade a live account. Your thread is one source that I have
found helpful.
  • #18,153
  • Edited 12:28pm Aug 29, 2007 12:02pm | Edited 12:28pm
If 15 min QQE cross downwards please dont go long @ 1hr 5 SMA.. this retracemnt could go down to 4 hr 5 sma.. we will get a better entry to go long from the bottom.
  • #18,154
  • Aug 29, 2007 12:03pm Aug 29, 2007 12:03pm
new infoOK..SO are we buying when it hits the 5 SMA??? or Selling???

sorry - just read ur post above. so we wait?
  • #18,155
  • Aug 29, 2007 12:05pm Aug 29, 2007 12:05pm
I can't believe this...
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  • #18,156
  • Aug 29, 2007 12:06pm Aug 29, 2007 12:06pm
Quoting winterwhite
auslanco:

Thank you. As I stated to markham, this thread has over 1000 pages.
Having just come to this thread in the past week, the task of reading
18000 posts is not realistic. However, I have narrowed the gap; and am
now reading my way through your posts exclusively. Sorry, I did
not think this to be a question out of line. Bear in mind that I am also
learning to trade a live account. Your thread is one source that I have
found helpful.
npyour question is not something I can explan in few words.. If I answer to that in summery I will get atleast 100 more questions from others regarding the same thing.. The last thing I want to do now is open a can of worms after 20 hours front of the computer at a stretch.
  • #18,157
  • Aug 29, 2007 12:07pm Aug 29, 2007 12:07pm
Quoting winterwhite
auslanco:

Can you explain the reason you are waiting for price to hit the
one hour 5 sma before going long? Just want further insight
into your strategy.
Hi

On a retracement 1 hr 5sma is the TRUE market price. When you enter a trade you try to enter it as close as possible to that price. sw
The Will is Greater than the Skill
  • #18,158
  • Aug 29, 2007 12:10pm Aug 29, 2007 12:10pm
OK, Aus, let me take a shot at it. ALL NEWBIES: READ THROUGH AUS'S STRATEGY THREAD (A WHOLE 6 PAGES OR SO!) TO GET THE BASIC CONCEPT OF HIS STRATEGY. NEXT, START AT THE BEGINNING OF THIS THREAD AND SKIP ALL OF THE POSTS EXCEPT FOR AUSLANCO'S AND KARMOSTAJI'S. (YES, SKIP MINE AS WELL). WHEN YOU COME ACROSS SOMETHING STRATEGY RELATED IN ONE OF THOSE POSTS PRINT THE STINKING THING OUT AND PUT IT IN A FOLDER. THAT'S WHAT I DO EVERY TIME AUS SAYS SOMETHING ABOUT HIS STRATEGY THAT I DIDN'T KNOW BEFORE. THE FOLDER SITS RIGHT NEXT TO MY COMPUTER FOR EASY ACCESS. And now for the ding dongs who like to post their trades. ALL DING DONGS: I PERSONALLY DON'T GIVE A RAT'S REAR END WHEN YOU ENTER A TRADE AND WHEN YOU EXIT A TRADE UNLESS YOU POST THE REASON FOR ENTERING OR EXITING AT THAT TIME. THE WAY OTHER PEOPLE LEARN IS FROM SOMEONE EXPLAINING WHY THEY MADE THE MOVE THEY MADE FROM A TECHNICAL (OR FUNDAMENTAL) POINT OF VIEW. THIS IS NOT A BRAG THREAD OR YOUR PERSONAL JOURNAL POST. YOU'RE JUST TAKING UP SPACE AND CONFUSING SOME NEWER ONES WHO ACTUALLY WANT TO LEARN HOW TO TRADE EFFECTIVELY.
That's it, Aus. I'll say no more on the subject but I had to get this out. I saw what a bunch of parasites did to the other thread you originally posted on. Just ignore the repetitive riff raff questions and the ding dongs and they will eventually go bother someone else.

M2B
Attached Image
  • #18,159
  • Aug 29, 2007 12:12pm Aug 29, 2007 12:12pm
Quoting skillwill
Hi

On a retracement 1 hr 5sma is the TRUE market price. When you enter a trade you try to enter it as close as possible to that price. sw
skillful:

Thank you for your thoughtfulness. Simple and easy now to
remember.

Thanks again
  • #18,160
  • Aug 29, 2007 12:13pm Aug 29, 2007 12:13pm
Quoting my2buoys
OK, Aus, let me take a shot at it. ALL NEWBIES: READ THROUGH AUS'S STRATEGY THREAD (A WHOLE 6 PAGES OR SO!) TO GET THE BASIC CONCEPT OF HIS STRATEGY. NEXT, START AT THE BEGINNING OF THIS THREAD AND SKIP ALL OF THE POSTS EXCEPT FOR AUSLANCO'S AND KARMOSTAJI'S. (YES, SKIP MINE AS WELL). WHEN YOU COME ACROSS SOMETHING STRATEGY RELATED IN ONE OF THOSE POSTS PRINT THE STINKING THING OUT AND PUT IT IN A FOLDER. THAT'S WHAT I DO EVERY TIME AUS SAYS SOMETHING ABOUT HIS STRATEGY THAT I DIDN'T KNOW BEFORE. THE FOLDER SITS RIGHT NEXT TO MY COMPUTER FOR EASY ACCESS. And now for the ding dongs who like to post their trades. ALL DING DONGS: I PERSONALLY DON'T GIVE A RAT'S REAR END WHEN YOU ENTER A TRADE AND WHEN YOU EXIT A TRADE UNLESS YOU POST THE REASON FOR ENTERING OR EXITING AT THAT TIME. THE WAY OTHER PEOPLE LEARN IS FROM SOMEONE EXPLAINING WHY THEY MADE THE MOVE THEY MADE FROM A TECHNICAL (OR FUNDAMENTAL) POINT OF VIEW. THIS IS NOT A BRAG THREAD OR YOUR PERSONAL JOURNAL POST. YOU'RE JUST TAKING UP SPACE AND CONFUSING SOME NEWER ONES WHO ACTUALLY WANT TO LEARN HOW TO TRADE EFFECTIVELY.
That's it, Aus. I'll say no more on the subject but I had to get this out. I saw what a bunch of parasites did to the other thread you originally posted on. Just ignore the repetitive riff raff questions and the ding dongs and they will eventually go bother someone else.

M2B
Well said.
The Will is Greater than the Skill
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