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

  • #20,801
  • Sep 3, 2007 9:57pm Sep 3, 2007 9:57pm
Quick question, do you guys have smoothing set to 60 on 1 & 4 hour also? 60 is just for the 15 minute only i'm presuming. I know it's all in the thread but this i tink i missed.
"Only when the tide goes out will we know who is swimming naked."
  • #20,802
  • Sep 3, 2007 9:59pm Sep 3, 2007 9:59pm
Quoting pipped oFF
Quick question, do you guys have smoothing set to 60 on 1 & 4 hour also? 60 is just for the 15 minute only i'm presuming. I know it's all in the thread but this i tink i missed.
only 15min and 1min(scalping)
  • #20,803
  • Sep 3, 2007 10:02pm Sep 3, 2007 10:02pm
thanks Aus, the 5 does look good but too many "fake outs" i suppose.
"Only when the tide goes out will we know who is swimming naked."
  • #20,804
  • Sep 3, 2007 10:03pm Sep 3, 2007 10:03pm
Aus,

i'm finding the 5min QQE alert/LSR signals to be much more clear as an entry point and using the 1min QQE alert/LSR as the exit signal....especially in a ranging market. I know it's the opposite to your 1min/5min strategy...but last two 5min trades seemed to work out welll....will keep testing....
  • #20,805
  • Sep 3, 2007 10:03pm Sep 3, 2007 10:03pm
You guys still want to make fun of the bears:

We appear to be winning the battle of support and resistance.
  • #20,806
  • Sep 3, 2007 10:20pm Sep 3, 2007 10:20pm
Quoting my2buoys
No offense intended but two pips on the GBP/JPY can't be used as a benchmark for a lower low or higher high. Maybe on the EUR/GBP but not the GBP/JPY. The GBP/JPY jumps 20 pips when Fukui farts.

M2B
on a normal pair I would use twenty-five pips as a benchmark,but that's not quite enough with the two-headed dragon,however when you "see" a lower high like this it can be a heads up a small indictation,that perhaps things are not quite what they seem to be
  • #20,807
  • Sep 3, 2007 10:22pm Sep 3, 2007 10:22pm
Quoting markam
You guys still want to make fun of the bears:

We appear to be winning the battle of support and resistance.
Maybe . . .
Attached Image (click to enlarge)
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  • #20,808
  • Sep 3, 2007 10:22pm Sep 3, 2007 10:22pm
Quoting markam
You guys still want to make fun of the bears:

We appear to be winning the battle of support and resistance.
well what about the park rangers eh boo-boo
  • #20,809
  • Sep 3, 2007 10:27pm Sep 3, 2007 10:27pm
Quoting auslanco
only 15min and 1min(scalping)
you mean set the smooth to 60 from 5 on the qqe alert indicator for the 15min and 1min TF's?
  • #20,810
  • Sep 3, 2007 10:29pm Sep 3, 2007 10:29pm
(i've also posted this note on the weekly anlysis thread)


I've been doing some backward research on auslanco's original method. to me it was best so far, at least on my mt4 platform.

however, i would like to 'add' (maybe aus alread made it clear) that the best trades (or lets say 'the most flauless trades') that i've seen using this strategy were the ones made by the m30 TF with h4 confirmation. if the h4 qqe crossed up for example, one should wait for m30 qqe to cross upwards AFTER TFT (Gann) upward confirmation. then and then only would one place a long trade when the price is close the 5sma with stop loss of 50-70 pips below the gann line, however, with no TP. the trade will be closed after 30m reversal is confirmed.

please not that vise versa goes for short trades.
cautioun: h4 uptrend confirmation not only comes from the qqe, but also when TFT crosses upwards, if either were in opposit direct, that's when i stay out of the market, even if i saw good trades. same goes for downtrend confirmation.

i want you guys to test it out for me and correct me if i'm wrong.

i've made a bit over 500 pips last week and 950 pips the week before based on that strategy (12 total trades 9 wins 3 minor losses). my last trade was yesturday 6:30pm GMT, and exited at break even when m30 confirmed reversal.
  • #20,811
  • Sep 3, 2007 10:30pm Sep 3, 2007 10:30pm
Who will win tonight?

http://farm2.static.flickr.com/1404/...6782bfdb_o.jpg
  • #20,812
  • Sep 3, 2007 10:31pm Sep 3, 2007 10:31pm
support and resistance:
http://www.forexfactory.com/attachme...1&d=1188876664
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy09042007d.gif Size: 24 KB
  • #20,813
  • Sep 3, 2007 10:33pm Sep 3, 2007 10:33pm
Quoting 59fender
on a normal pair I would use twenty-five pips as a benchmark,but that's not quite enough with the two-headed dragon,however when you "see" a lower high like this it can be a heads up a small indictation,that perhaps things are not quite what they seem to be
I just think on this pair it would be more accurate to refer to it as a double-top or double-bottom even if you're within 5 pips. It serves as almost the same signal. except that a lower high, for example, is generally considered a definite bearish signal, whereas a double-top implies bearishness but leaves room for the possibility of a breakthrough. I'm not really trying to split hairs here. Just speaking from my own experience in other pairs compared to the GBP/JPY. Let's see how it all plays out.

M2B
  • #20,814
  • Sep 3, 2007 10:46pm Sep 3, 2007 10:46pm
Quoting my2buoys
Look at the chart I posted. By 'confirmation' I am referring to the closed 30M candle above the TFT. The only TF we are waiting on (again!) is the two-flat-tire 1H chart to cross up. But the 15M and 30M are good enough for me since the Daily and 4H are still bullish. I'm waiting for price to touch the 1h 5SMA to go long.

M2B
Hope you found a good entry point for this. It should be paying off about now!

Ron http://www.forexfactory.com/images/icons/icon14.gif
  • #20,815
  • Sep 3, 2007 10:46pm Sep 3, 2007 10:46pm
trying to figure out how to cut and paste a chart from vt.....to post on

forum....please help
  • #20,816
  • Sep 3, 2007 10:49pm Sep 3, 2007 10:49pm
Quoting Pips_Cruiser
Hope you found a good entry point for this. It should be paying off about now!

Ron http://www.forexfactory.com/images/icons/icon14.gif
I got in a little higher than I would have liked. I tried to time the 1H 5SMA on the last 1H candle and got in at 233.86. TP at 235.50. SL at 232.86. Let's see what the top of the hour brings by way of the 4H momentum and 1H QQE.

M2B
  • #20,817
  • Sep 3, 2007 10:51pm Sep 3, 2007 10:51pm
Quoting lilmoe
cautioun: h4 uptrend confirmation not only comes from the qqe, but also when TFT crosses upwards, if either were in opposit direct, that's when i stay out of the market, even if i saw good trades. same goes for downtrend confirmation.

here's an example of 'the stay out' zone

Attached Image (click to enlarge)
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  • #20,818
  • Sep 3, 2007 10:55pm Sep 3, 2007 10:55pm
This 4H trend line still seems to be holding. A convincing close below it on the 4H chart would no doubt signify a bearish reversal or temporary change in trend.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4h.gif Size: 19 KB
  • #20,819
  • Sep 3, 2007 10:57pm Sep 3, 2007 10:57pm
So for 15M & 1M TF the regular QQE needs to be changes to smooth setting of 60? Not the QQE Alert? I guess I missed that in the 15M thread. Once I get confirmation I will make the change. Thank you for bringing that to our attention (for those of us that missed it).
  • #20,820
  • Sep 3, 2007 11:07pm Sep 3, 2007 11:07pm
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