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

  • #22,041
  • Sep 5, 2007 6:37pm Sep 5, 2007 6:37pm
Quoting auslanco
Hope every one got in on 30 min QQE cross down or 15 min staretgy
Has that trade reached its target?
Retrace now??
  • #22,042
  • Sep 5, 2007 6:37pm Sep 5, 2007 6:37pm
Quoting mktjong
Cool .. thanks Aus. Good lesson.

Question: If ADX is not above 20, do you consider a rally still in progress? And what the ADX minimum value for a confirmed rally?
Thank you.

20 is the minimum value.. anything below that the pair is dead.. If you analyze the ADX indicator.. when the pair is moving up.. ADX is sloping down.. when the pair is moving down the ADX is moving up.. Thats a another great indication that the strength of the pair is to the down side.
  • #22,043
  • Sep 5, 2007 6:38pm Sep 5, 2007 6:38pm
Still haven't gone more than 50 pips from where it was when I said it wouldn't go more than 50 pips before the rate decision.
  • #22,044
  • Sep 5, 2007 6:39pm Sep 5, 2007 6:39pm
Quoting egutie6970
Aus whats your take buddy, do you think it will break the 232 barrier ? so far it has failed quiet a few times today..
yess.. it will smash the 232 support.. 30 min touched 50 line and crossed down.. now the pair is fresh and has strength to kick ass.
  • #22,045
  • Sep 5, 2007 6:40pm Sep 5, 2007 6:40pm
Quoting markam
Still haven't gone more than 50 pips from where it was when I said it wouldn't go more than 50 pips before the rate decision.
bro.. the rally just started ..30min crossed down only 9 mins ago
  • #22,046
  • Sep 5, 2007 6:41pm Sep 5, 2007 6:41pm
expect a bounce back from the daily Gann... However it will be successfully broken today.
  • #22,047
  • Sep 5, 2007 6:41pm Sep 5, 2007 6:41pm
Quoting auslanco
20 is the minimum value.. anything below that the pair is dead.. If you analyze the ADX indicator.. when the pair is moving up.. ADX is sloping down.. when the pair is moving down the ADX is moving up.. Thats a another great indication that the strength of the pair is to the down side.

I .. I sir .. got it. That's why it explained yesterday rally downward. Didn't notice that. Hope I never miss it again next time.

Good job http://www.forexfactory.com/images/icons/icon14.gif
  • #22,048
  • Sep 5, 2007 6:42pm Sep 5, 2007 6:42pm
Quoting auslanco
bro.. the rally just started ..30min crossed down only 9 mins ago
I like instant gratification.

Seriously, do you think it will go below the 231.5 area that we hit last week?

Edit. I mean before the rate decision.
  • #22,049
  • Sep 5, 2007 6:42pm Sep 5, 2007 6:42pm
Quoting auslanco
Hope every one got in on 30 min QQE cross down or 15 min staretgy
What was the entry? was it 232.41 or 232.24? and what is the SL?

I am still learning the strategy.
  • #22,050
  • Sep 5, 2007 6:42pm Sep 5, 2007 6:42pm
Quoting auslanco
There is a short trade on 15min stratagy.
Aus, i went short with qqe cross down on 30 min and was watching 15 min strategy technically doesnt the price have to come back to the 5 sma to actually get in on the 15 min fall?

Thanks
  • #22,051
  • Sep 5, 2007 6:42pm Sep 5, 2007 6:42pm
Quoting markam
I like instant gratification.

Seriously, do you think it will go below the 231.5 area that we hit last week?
yess
  • #22,052
  • Sep 5, 2007 6:44pm Sep 5, 2007 6:44pm
Quoting auslanco
yess.. it will smash the 232 support.. 30 min touched 50 line and crossed down.. now the pair is fresh and has strength to kick ass.

Thanks bud...well right not its not a good entry point so i guess i'll have to wait this one out ...
  • #22,053
  • Sep 5, 2007 6:44pm Sep 5, 2007 6:44pm
Quoting jdogg4000
Aus, i went short with qqe cross down on 30 min and was watching 15 min strategy technically doesnt the price have to come back to the 5 sma to actually get in on the 15 min fall?

Thanks
5 sma is the entry point.. what I do is Load 25% at the cross down and 75% when the price retraced to 5 sma.
  • #22,054
  • Sep 5, 2007 6:45pm Sep 5, 2007 6:45pm
Quoting auslanco
Hope every one got in on 30 min QQE cross down or 15 min staretgy

Hey Aus,nice to see you!Buddy,i have a short question to you!Can i send you a PM pls?
  • #22,055
  • Sep 5, 2007 6:46pm Sep 5, 2007 6:46pm
Quoting auslanco
5 sma is the entry point.. what I do is Load 25% at the cross down and 75% when the price retraced to 5 sma.
ok thanx i have to say i love this 15 min strategy so far
  • #22,056
  • Sep 5, 2007 6:47pm Sep 5, 2007 6:47pm
Quoting I.Y.I
Hey Aus,
sure
  • #22,057
  • Sep 5, 2007 6:47pm Sep 5, 2007 6:47pm
Aus,

By the way, what is the value you set on your ADX? Mine is set to 14 and doesn't look like yours. Please see chart. Thanks.
Attached Image (click to enlarge)
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  • #22,058
  • Sep 5, 2007 6:48pm Sep 5, 2007 6:48pm
Quoting jdogg4000
ok thanx i have to say i love this 15 min strategy so far

Follow it with 4hr QQE trend to filter the fake signals
  • #22,059
  • Sep 5, 2007 6:50pm Sep 5, 2007 6:50pm
Quoting auslanco
Follow it with 4hr QQE trend to filter the fake signals
thanks that acutally helps quite a bit, which qqe the one with 60 smoothing?
  • #22,060
  • Sep 5, 2007 6:50pm Sep 5, 2007 6:50pm
Quoting auslanco
.
Never trade against the trend. Specially with a high volatile pair like GBP/JPY. It may give you couple of winning trades. But it’s going to get you in the long run.
But you are shorting GY anyway...

What part am i missing?

The "well just this time..." part?
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