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

  • #20,701
  • Edited 6:35pm Sep 3, 2007 6:34pm | Edited 6:35pm
Quoting brok
Is there a special reason why you kept the TP as low as 20 pips? You going for 1 to 1 considering the markets volatility for now?

being extra cautious and not too greedy isn't a bad idea right now, especially that we still have h4 qqe still pointing up and price is bouncing off the gann line. it's been bouncing off there for the past 3 market days. i guess 20 pips shouldn't be that bad.
  • #20,702
  • Sep 3, 2007 6:34pm Sep 3, 2007 6:34pm
Quoting mktjong
I will pay close attention to both Japanese & European treasuries to get the idea if strong rally either bull or bear is granted. I can't emphasize enough how important this data is to complement Aus' strategies to get a very very high probability trade. I don't want to take any credit for it since this data is not enough without a good trade strategies.
If you guys don't want to listen, that's fine since you have a lot of dough to burn anyway http://www.forexfactory.com/images/icons/icon8.gif
Alright, hope y'all get a lot of pips
I agree watching treasuries and stock markets both is extremely important. I had doubts about GJ going up last night, even though the charts looked good, simply because the european stock markets were not bullish. If asian and european markets are down tonight (which I think they will be), we should get an easy 200 pips down once the 4 hr chart flips.
  • #20,703
  • Sep 3, 2007 6:36pm Sep 3, 2007 6:36pm
Quoting moneymagnet
Doom and Gloom mark is back, but this I tend to agree as this would validate my "we are in wave 4 ready for wave 5 down theory". but if price on 4 hr closes above the neckline we should go to 238-240 area.
Yea, I tried to be a bull last night, and lost. Now I am only going long as a retracement following a 500 pip downward move.
  • #20,704
  • Sep 3, 2007 6:36pm Sep 3, 2007 6:36pm
Quoting lilmoe
it's one of the charts you drew last time. please don't be offended, i am fond of your work. however, some people here place orders based on EXACTLY what you post (i know a few), so i was just asking you to add a disclaimer to your singnature or whatever, just to get u out of resposibility, that's all...

all respect
OK, but remember that the charts I post are more for the pattern. I cannot be precise on price (and time) so it is a general indication of direction (and reversal areas). Price is sometimes accurate but other times not. To me, that generally works out as less profit rather than more loss. You just need to get in on the right side of the chart.

As for newbies, there are many things they need to learn before becoming profitable. There's not much anyone can do about that.
  • #20,705
  • Sep 3, 2007 6:40pm Sep 3, 2007 6:40pm
Quoting brok
Is there a special reason why you kept the TP as low as 20 pips? You going for 1 to 1 considering the markets volatility for now?
Aus originally set his TP on this system at 20-30 pips for slower markets and 50-100 pips for more volatile markets. I see now that he has decided to basically stay in the market the whole time in this strategy meaning he shifts from a long position to a short position ad infinitum. I have been studying this system but this is my first actual trade using the 15 minute. I just decided to give myself a manageable target for starters.

M2B

PS- Oh, and yes, I was using a 1 to 1 TP to SL ratio.
  • #20,706
  • Sep 3, 2007 6:45pm Sep 3, 2007 6:45pm
Kids interrupted trade. Had to pull trade off table with 5 pip profit so I could take care of a situation, if you know what I mean. That's one of the things I dread about scalp trading. It's not really a good idea to leave your computer for even a minute. But hey, profit is profit. I think I'm gonna like this system once I learn to trust it a little more.

M2B
  • #20,707
  • Sep 3, 2007 6:51pm Sep 3, 2007 6:51pm
Quoting bill77
just entered short acording to the 15m scalp chart.
ENTER:233.73
S/L :233.98
T/P:40 PIPS @233.33
Closed at 233.52. bouncing of 233.50 for to long and getting nervouse. just cant break it. also thanks to lilmoe, who brought to my atention the 4h tft is near by. took what + i had.
  • #20,708
  • Sep 3, 2007 6:51pm Sep 3, 2007 6:51pm
I've put the latest versions of any of my MT4 indicators for Auslanco's strategy in a new thread. Since ForexFactory now allows the thread creator to edit the first post forever, I can keep the latest versions there for you. Just go to the link in my signature.

There is an update to the MT4-LevelStop-Reverse there today.

Bruce
  • #20,709
  • Sep 3, 2007 6:53pm Sep 3, 2007 6:53pm
mornin everyone

just noticed a bullish gartley on 15 min

profit tgt for such a pattern would be 15-25 pips according to fib levels
Attached Image (click to enlarge)
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  • #20,710
  • Sep 3, 2007 6:54pm Sep 3, 2007 6:54pm
Quoting brucehvn
I've put the latest versions of any of my MT4 indicators for Auslanco's strategy in a new thread. Since ForexFactory now allows the thread creator to edit the first post forever, I can keep the latest versions there for you. Just go to the link in my signature.

There is an update to the MT4-LevelStop-Reverse there today.

Bruce

thanks buddy---your help here is much appreciated
  • #20,711
  • Sep 3, 2007 6:59pm Sep 3, 2007 6:59pm
is anyone here still holding longs from yesterday around the 234.08 area?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #20,712
  • Sep 3, 2007 7:02pm Sep 3, 2007 7:02pm
Nikkei is opening negative
  • #20,713
  • Sep 3, 2007 7:03pm Sep 3, 2007 7:03pm
Quoting moneymagnet
is anyone here still holding longs from yesterday around the 234.08 area?

ps--i exited my long for +19 pips

not comfrotable with anylongs atm

patterns seem to be changing--- ill reeneter when i get confrimation either way
  • #20,714
  • Sep 3, 2007 7:04pm Sep 3, 2007 7:04pm
Quoting Hakuna Matata
ps--i exited my long for +19 pips

not comfrotable with anylongs atm

patterns seem to be changing--- ill reeneter when i get confrimation either way
thanks
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #20,715
  • Sep 3, 2007 7:05pm Sep 3, 2007 7:05pm
Quoting brucehvn
I've put the latest versions of any of my MT4 indicators for Auslanco's strategy in a new thread. Since ForexFactory now allows the thread creator to edit the first post forever, I can keep the latest versions there for you. Just go to the link in my signature.

There is an update to the MT4-LevelStop-Reverse there today.

Bruce

whats the indicators for the dots buddy? on mt4

this one is only giving the arrows
  • #20,716
  • Sep 3, 2007 7:07pm Sep 3, 2007 7:07pm
Quoting brucehvn
I've put the latest versions of any of my MT4 indicators for Auslanco's strategy in a new thread. Since ForexFactory now allows the thread creator to edit the first post forever, I can keep the latest versions there for you. Just go to the link in my signature.

There is an update to the MT4-LevelStop-Reverse there today.

Bruce
Thanks, Bruce. Every thread should be so lucky as to have a couple of computer software programmers such as you and Que. God bless all your efforts with a multitude of pips!

M2B
  • #20,717
  • Sep 3, 2007 7:09pm Sep 3, 2007 7:09pm
Quoting moneymagnet
is anyone here still holding longs from yesterday around the 234.08 area?
Long from 234.03
SL 233.03
TP 236.03

These trades are set and forget, until it hits my SL or TP.
  • #20,718
  • Sep 3, 2007 7:11pm Sep 3, 2007 7:11pm
Quoting auslanco
Long from 234.03
SL 233.03
TP 236.03

These trades are set and forget, until it hits my SL or TP.
thanks
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #20,719
  • Sep 3, 2007 7:13pm Sep 3, 2007 7:13pm
Quoting auslanco
Long from 234.03
SL 233.03
TP 236.03

These trades are set and forget, until it hits my SL or TP.

poss bounce off gann line. i will risk a long here with a small stop and lot
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #20,720
  • Sep 3, 2007 7:14pm Sep 3, 2007 7:14pm
Quoting Hakuna Matata
whats the indicators for the dots buddy? on mt4 this one is only giving the arrows
The dots are the qqe crossovers, you can get the latest qqe alert (version 5) for mt4 from the 15 min strat thread:

http://www.forexfactory.com/showthre...t=45076&page=9
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