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

  • #20,161
  • Sep 2, 2007 2:37pm Sep 2, 2007 2:37pm
Quoting Ladybird
Karmostaji - will you just check your Interbank MT4 - mine says there is a critical error and wondered if it was just mine.Thanks......
mine is working just fine, try to make a new demo account
Trade what you see, not what you think.
  • #20,162
  • Sep 2, 2007 2:49pm Sep 2, 2007 2:49pm
No gap .. market just open on my FXSolutions platform. Currently showing 233.53 on the bid.

Yeah come on baby . down .. baby down .. haha
  • #20,163
  • Sep 2, 2007 3:13pm Sep 2, 2007 3:13pm
Quoting markam
I just expect the market to be pretty dead for the next 36 hours.
markham:

Tomorrow, Sept. 3rd, is a holiday in the US and Canada. With banks closed,
I, too, don't anticipate normal trading ranges. On holidays, I have
learned that the best trade is No Trade.
  • #20,164
  • Sep 2, 2007 3:36pm Sep 2, 2007 3:36pm
Quoting doremi
Originally posted by EL Grande,



Dear El Grande,
Just wish your prediction comes true...cos I still have longs.....Once it has cover up my buds, I'll close them. Then wait for the trend directions. Guess who'll win the CUP!!!!!!
Dear doremi,

Please remember that what I have been presenting are ALL BUT PROBABLE Scenarios. These are NOT EXACT MAPS on GBPJPY.

How I wish I could lay out the map on how this pair will perform in the market. But then, if someone could really do it... he would have been s rich by now.

You will notice that I not only use just EW on my trades. I try to supplement it with many other methods. This to me allows us traders to narrow down possible scenarios. Forex trading could definitely take so many twists and turns. But referrring to history could allow us to see how this pair performs and learn from it.

Too many factors affect price direction. Like right now, market opens on a Sunday after a weekend. Another factor to consider is like today is a Holiday in the US. Unscheduled events could also do a lot to change price direction.

Auslanco's strategy and other people's input in this thread provide's a helping hand in leading you to the door with more pips...

Have a happy harvest.

EG

PS. Make sure not to panic. If you have to cut your losses... make sure you are doing them for the right reason. And when you do get in on the next ride.... do your best to enter knowing you have the best reasons to enter market again based on a system.
  • #20,165
  • Sep 2, 2007 4:58pm Sep 2, 2007 4:58pm
Let the fun begin!!
  • #20,166
  • Sep 2, 2007 5:03pm Sep 2, 2007 5:03pm
Quoting JDAMv3
Let the fun begin!!

amen
  • #20,167
  • Sep 2, 2007 5:06pm Sep 2, 2007 5:06pm
Quote
Oringinally posted by El Grande:

Dear doremi,

Please remember that what I have been presenting are ALL BUT PROBABLE Scenarios. These are NOT EXACT MAPS on GBPJPY.

How I wish I could lay out the map on how this pair will perform in the market. But then, if someone could really do it... he would have been s rich by now.

You will notice that I not only use just EW on my trades. I try to supplement it with many other methods. This to me allows us traders to narrow down possible scenarios. Forex trading could definitely take so many twists and turns. But referrring to history could allow us to see how this pair performs and learn from it.

Too many factors affect price direction. Like right now, market opens on a Sunday after a weekend. Another factor to consider is like today is a Holiday in the US. Unscheduled events could also do a lot to change price direction.

Auslanco's strategy and other people's input in this thread provide's a helping hand in leading you to the door with more pips...

Have a happy harvest.

EG

PS. Make sure not to panic. If you have to cut your losses... make sure you are doing them for the right reason. And when you do get in on the next ride.... do your best to enter knowing you have the best reasons to enter market again based on a system.

Dear El Grande,

Thanks so much for the advice. It's like taking a panadol after a migraine....Karmo's sig....PATIENCE IS THE NAME OF THE GAME..
  • #20,168
  • Sep 2, 2007 5:29pm Sep 2, 2007 5:29pm
Quoting learningfx
What time...do the currencies open up?
- Do you mean on Sunday? Depends on the individual broker. Oanda starts quoting around 3 pm, but the spreads are very wide and volume is thin; there's little trading going on. Sunday trading in the currencies doesn't really get underway until the NZ/Australian markets (5 - 7pm) and the Asian markets (Tokyo, 8 pm) crank up.

During the week, the convention most US brokers use is that the 24-hour spot FX market runs from 5 pm to 5 pm - i e, the "new" trading day starts at 5 pm New York time.
  • #20,169
  • Edited 6:11pm Sep 2, 2007 5:56pm | Edited 6:11pm
Good Morning guys, Just thought of doing a monthly analysis since we got new monthly data. As some of you may aware I use Gann lines as support and resistance. If the pair has the support of QQE on a specific TF it's almost guaranteed to brake the Gann support on the 2nd attempt(2nd bar). When the price crossed the monthly gann @ 229.32 last month I posted on this forum that the price will not break this level successfully since it's the 1st attempt. And it didn't..price bounced back above the Gann line.
Now since we have the QQE monthly support crossed to the down side and confirmed.. This is a classic example of price would break this Gann line within this month(2nd attempt) and stay below the monthly Gann line..
We laso didnt see price retracement towards monthly 5 SMA ( 239.50). If the price retraced to that level last month it would have limit any downward movements. Since it failed the Monthly 5 sma retracement I'm almost certain the price will break the monthly support successfully and dip below. However until the daily QQE cross down we will not see a break of last month low of 219.20.
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  • #20,170
  • Sep 2, 2007 6:01pm Sep 2, 2007 6:01pm
Nice to hear from you Auslanco, I hope that you had a good weekend and got some much needed sleep.

Great info as always, and we all look forward to the excellent advice from you and the rest of this kick a$$ forum!

Happy hunting all!
  • #20,171
  • Sep 2, 2007 6:02pm Sep 2, 2007 6:02pm
check this for scalping...


1min charts

QQE 60
Level stop reverse
- ATR period 9
-ATR multiplier 3
Gann Hi Low 10
5 SMA
  • #20,172
  • Sep 2, 2007 6:12pm Sep 2, 2007 6:12pm
mornn ya'all

keep a chk on 50 ema on 15 min--its already attempted to brk decisevely thru it--but failed

back to sleep--alarms set

chat later
  • #20,173
  • Sep 2, 2007 6:16pm Sep 2, 2007 6:16pm
lol--quick scalp of the bounce of 50ema/15min--10 pips for breakfaat
off to snooze
  • #20,174
  • Sep 2, 2007 6:18pm Sep 2, 2007 6:18pm
Quoting Hakuna Matata
lol--quick scalp of the bounce of 50ema/15min--10 pips for breakfaat
off to snooze

LOL Nice, sleep tight!

Brandon
  • #20,175
  • Sep 2, 2007 6:26pm Sep 2, 2007 6:26pm
Quoting auslanco
check this for scalping...


1min charts

QQE 60
Level stop reverse
- ATR period 9
-ATR multiplier 3
Gann Hi Low 10
5 SMA



sorry i had to laugh, u work so hard on this stuff, and i bet you've been testing this stuff since u first came up with ur method!
i bet if there was a 1 second TF you would also come up for a strategy for it. or at least improve one of your methods to support that TF

i like the way you think and implement. thanks bro
  • #20,176
  • Sep 2, 2007 6:27pm Sep 2, 2007 6:27pm
Quoting Hakuna Matata
lol--quick scalp of the bounce of 50ema/15min--10 pips for breakfaat
off to snooze
Bro..it's 9.30 AM. Wake up soon before I spank you
  • #20,177
  • Sep 2, 2007 6:30pm Sep 2, 2007 6:30pm
Quoting lilmoe


sorry i had to laugh, u work so hard on this stuff, and i bet you've been testing this stuff since u first came up with ur method!
i bet if there was a 1 second TF you would also come up for a strategy for it. or at least improve one of your methods to support that TF

i like the way you think and implement. thanks bro
LOL.. I have been using the 1min TF for a long time to catch the retracements and also to exit my positions with that extra 5 or 10 pips.
  • #20,178
  • Sep 2, 2007 6:37pm Sep 2, 2007 6:37pm
Quoting Ladybird
Karmostaji - will you just check your Interbank MT4 - mine says there is a critical error and wondered if it was just mine.Thanks......
remove the last indicators you added (from :\Program Files\Interbank FX Trader 4\experts\indicators) and restart your MT4 and add again the indicator. if you don't know what was the last indicator, remove them all restart MT4 close it, and add them again this should solve your problem.
  • #20,179
  • Sep 2, 2007 6:40pm Sep 2, 2007 6:40pm
Quoting auslanco
LOL.. I have been using the 1min TF for a long time to catch the retracements and also to exit my positions with that extra 5 or 10 pips.

testing this new TF, i guess TP would be 20-30 pips?
  • #20,180
  • Sep 2, 2007 6:42pm Sep 2, 2007 6:42pm
love the 15m strategy....and implimenting it on the 1min is even better... looking at the 1min....had a signal just recently and it definitely tested the stop loss and may have even hit it....maybe its better to keep a mental stop loss 5 pips or so above the gann line....just to be on the safe side......great system nonetheless.....your a genius my friend.
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