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

  • #21,881
  • Sep 5, 2007 12:20pm Sep 5, 2007 12:20pm
I think that would be it for the retracement on this pair. Finished the 50% Fib.
Normally, if treasuries is closed red (at 3:00 PM EDT) which is last hour of Dow. The dow would very likely go down as well. It's kind of leading indicator sometimes. Good for at least 50 pips or more. You may double check with historical data.
Thanks .. I can't concentrate on my work

(Should set it and forget it next time).
  • #21,882
  • Sep 5, 2007 12:20pm Sep 5, 2007 12:20pm
Quoting sajmeri
Markham,

How do you decide SL so your are still in for 2 lots. Most of us are stopped out due to this hike.

Thanks in advance your advise defiantly help lots of newbee.
Man, this newbie has Markam nailed already. Nice job, Saj!

M2B
  • #21,883
  • Sep 5, 2007 12:22pm Sep 5, 2007 12:22pm
Quoting karmostaji
I mean when this current 1hr candle closes
closes high or low??
  • #21,884
  • Sep 5, 2007 12:25pm Sep 5, 2007 12:25pm
Quoting khaled22
closes high or low??
When the candle closes . . . is it crossed . . . or not.

Yes or No
  • #21,885
  • Sep 5, 2007 12:29pm Sep 5, 2007 12:29pm
Quoting karmostaji
I'm not going to take the 15m trade, doesn't feel safe for some reason..
Karmo,

I didn't take it either and now I'm glad I didn't. I hate to say this but it didn't 'look' right to me and I don't know why. We need to figure out why this one and others like it don't go. There must be something on another chart, maybe the 30M above or the 5M below, that will help us avoid some of these bad 15M trades. For clarification, I'm not saying this one is bad yet but it sure ain't looking good at the moment.

M2B
  • #21,886
  • Sep 5, 2007 12:30pm Sep 5, 2007 12:30pm
Quoting my2buoys
Karmo,

I didn't take it either and now I'm glad I didn't. I hate to say this but it didn't 'look' right to me and I don't know why. We need to figure out why this one and others like it don't go. There must be something on another chart, maybe the 30M above or the 5M below, that will help us avoid some of these bad 15M trades. For clarification, I'm not saying this one is bad yet but it sure ain't looking good at the moment.

M2B
shh, don't jinx it, the bulls will hear you
  • #21,887
  • Sep 5, 2007 12:32pm Sep 5, 2007 12:32pm
Quoting khaled22
what you mean by bar is closed more explain please
QQE is not considered crossed IF hourly bar not ending yet.
So you have to wait until the next bar to confirm the crossing
  • #21,888
  • Sep 5, 2007 12:32pm Sep 5, 2007 12:32pm
Quoting my2buoys
Karmo,

I didn't take it either and now I'm glad I didn't. I hate to say this but it didn't 'look' right to me and I don't know why. We need to figure out why this one and others like it don't go. There must be something on another chart, maybe the 30M above or the 5M below, that will help us avoid some of these bad 15M trades. For clarification, I'm not saying this one is bad yet but it sure ain't looking good at the moment.

M2B
I didn't take it because price was going to test 50EMA, 50% fib and a 4H trendline, all those 3 things were close to each other and I also said that price will bounce off it and it did, that is why I didn't take it.. plus the 2 signals on aus strategy were very far apart.
Trade what you see, not what you think.
  • #21,889
  • Sep 5, 2007 12:33pm Sep 5, 2007 12:33pm
Quoting my2buoys
Karmo,

I didn't take it either and now I'm glad I didn't. I hate to say this but it didn't 'look' right to me and I don't know why. We need to figure out why this one and others like it don't go. There must be something on another chart, maybe the 30M above or the 5M below, that will help us avoid some of these bad 15M trades. For clarification, I'm not saying this one is bad yet but it sure ain't looking good at the moment.

M2B

I have been trying to filter out the bad trades for the last couple of days... Switching tfs, adding and changing the QQE's but for now I couldn't come up with something useful...

PS: I have noticed that too as Karmo said when the signals are apart from each other say 2-3 candles those trades seldom reach the profit target...
  • #21,890
  • Sep 5, 2007 12:33pm Sep 5, 2007 12:33pm
Quoting khaled22
closes high or low??
Man, are you for real? You seem to ask the utmost basic questions as a forex trader but you pulled out a seemingly good buy at the lows
  • #21,891
  • Sep 5, 2007 12:35pm Sep 5, 2007 12:35pm
Quoting SailingAway
When the candle closes . . . is it crossed . . . or not.

Yes or No
i don't understand
  • #21,892
  • Sep 5, 2007 12:38pm Sep 5, 2007 12:38pm
Quoting my2buoys
Karmo,

I didn't take it either and now I'm glad I didn't. I hate to say this but it didn't 'look' right to me and I don't know why. We need to figure out why this one and others like it don't go. There must be something on another chart, maybe the 30M above or the 5M below, that will help us avoid some of these bad 15M trades. For clarification, I'm not saying this one is bad yet but it sure ain't looking good at the moment.

M2B
How can anyone take the 15m that time , the 2 signals (ie. qqe crossin n reverse lvl) were seperated by 22 bars ! ,(15m x 22 that is ... ) , 3 or 4 bars separation looks allrite , m not sure if such huge separation is allrite ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #21,893
  • Sep 5, 2007 12:41pm Sep 5, 2007 12:41pm
Quoting brok
I have been trying to filter out the bad trades for the last couple of days... Switching tfs, adding and changing the QQE's but for now I couldn't come up with something useful...

PS: I have noticed that too as Karmo said when the signals are apart from each other say 2-3 candles those trades seldom reach the profit target...
Thanks, Brok. Keep up the good work. One of us is bound to find some kind of consistent filter eventually. I have already discovered what I consider to be a more consistent exit on the 15M strategy instead of just multiplying the price minus Sl difference X2. I think it's OK to use that as an initial limit but I've discovered that when the 5SMA crosses the TFT (Gann) line on the 15M that it is an optimal exit for the most part. Anyway, with all of us working on this scalping strategy we out to have it perfected before long.

M2B
  • #21,894
  • Sep 5, 2007 12:41pm Sep 5, 2007 12:41pm
Quoting my2buoys
Karmo,

I didn't take it either and now I'm glad I didn't. I hate to say this but it didn't 'look' right to me and I don't know why. We need to figure out why this one and others like it don't go. There must be something on another chart, maybe the 30M above or the 5M below, that will help us avoid some of these bad 15M trades. For clarification, I'm not saying this one is bad yet but it sure ain't looking good at the moment.

M2B
Luckily I'm only using demo for this. I will close the position if it goes much below the 4H 5SMA. But you never know . . . maybe price will test the daily high first.

One positive to come out of it was clarification about SL and TP. I wasn't interpretting that correctly.

Ron
  • #21,895
  • Sep 5, 2007 12:42pm Sep 5, 2007 12:42pm
Quoting maheswara
How can anyone take the 15m that time , the 2 signals (ie. qqe crossin n reverse lvl) were seperated by 22 bars ! ,(15m x 22 that is ... ) , 3 or 4 bars separation looks allrite , m not sure if such huge separation is allrite ...

Mate we are demoing the strategy and QQE60 is slow because of its value. If you can backtest and say this as a trade condition it will be very helpful. Otherwise don't get to people who are demoing the exact rules...
  • #21,896
  • Sep 5, 2007 12:47pm Sep 5, 2007 12:47pm
[quote=wilson;1577947]Man, are you for real? You seem to ask the utmost basic questions as a forex trader but you pulled out a seemingly good buy at the lows

Even a blind squirrel finds a nut every now and then.
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  • #21,897
  • Sep 5, 2007 12:47pm Sep 5, 2007 12:47pm
Quoting maheswara
How can anyone take the 15m that time , the 2 signals (ie. qqe crossin n reverse lvl) were seperated by 22 bars ! ,(15m x 22 that is ... ) , 3 or 4 bars separation looks allrite , m not sure if such huge separation is allrite ...
- Obviously, in this case it wasn't all right. Hey, I think following this thing is simpler than we realise. Maybe we don't need to consult all the other TFs, Fibo levels, pivot points, trendlines etc etc. Maybe it's right there on the 15min chart. The dot and the arrow are separated by 22 bars!

That's a huge separation indeed ~ and a red flag as well. No trade!

[Edit: brok, please don't take offence. This is not an attack on anyone.]
  • #21,898
  • Sep 5, 2007 12:47pm Sep 5, 2007 12:47pm
Quoting karmostaji
I didn't take it because price was going to test 50EMA, 50% fib and a 4H trendline, all those 3 things were close to each other and I also said that price will bounce off it and it did, that is why I didn't take it.. plus the 2 signals on aus strategy were very far apart.

Karm, when you were referring to the 2 signals being far apart you were referring to the QQE cross (with 60 smoothing) on the 15 and TFT cross correct?
"Only when the tide goes out will we know who is swimming naked."
  • #21,899
  • Sep 5, 2007 12:48pm Sep 5, 2007 12:48pm
Quoting pipped oFF
Karm, when you were referring to the 2 signals being far apart you were referring to the QQE cross (with 60 smoothing) on the 15 and TFT cross correct?
The dot and the arrow
Trade what you see, not what you think.
  • #21,900
  • Sep 5, 2007 12:49pm Sep 5, 2007 12:49pm
Quoting maheswara
How can anyone take the 15m that time , the 2 signals (ie. qqe crossin n reverse lvl) were seperated by 22 bars ! ,(15m x 22 that is ... ) , 3 or 4 bars separation looks allrite , m not sure if such huge separation is allrite ...
I still doing it at demo, i just strictly follow the strategy rule.
no matter they were seperated by 22, 3 or 4 bars.
therefore, we will know how the strategy react to the situation like this.
whether the result comes up win or loss
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