Symmetrical triangle lines have been adjusted. Someone mentioned a wedge on the 4h.... where?
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Auslanco - GBP/JPY and GBP/USD (newstrade)
- #32,702
- Edited 1:50pm Sep 26, 2007 1:39pm | Edited 1:50pm
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
I hope everyone made lots of pips off the 15 min strategy yesterday, and that this topic hasn't already been addressed. I searched for it but was unable to find anything.
I didn't notice until today that the trade went sour because of the QQE5 indicator. It dipped below the 50 line just before 2AM and I think that's what Aus is referring to in the instructions below. But even if he means the other type of QQE cross over, we had one of those too around 1AM. Price was in the 231.50 area during this time period.
- after you get the two signals (Arrow & QQE 60 cross signal) You enter after the QQE5 or QQE1 cross the 50 line.
- If QQE5 cross to the opposite direction you must exit the trade.
- You can reenter a trade when QQE1 touch the 50 line and cross back towards the QQE60.
Of course, the bull signals returned later. But price was in the 232.50 area by then and our long positions wouldn't have been as good. In this case, maybe ignorance was bliss and patience paid off.
I didn't notice until today that the trade went sour because of the QQE5 indicator. It dipped below the 50 line just before 2AM and I think that's what Aus is referring to in the instructions below. But even if he means the other type of QQE cross over, we had one of those too around 1AM. Price was in the 231.50 area during this time period.
- after you get the two signals (Arrow & QQE 60 cross signal) You enter after the QQE5 or QQE1 cross the 50 line.
- If QQE5 cross to the opposite direction you must exit the trade.
- You can reenter a trade when QQE1 touch the 50 line and cross back towards the QQE60.
Of course, the bull signals returned later. But price was in the 232.50 area by then and our long positions wouldn't have been as good. In this case, maybe ignorance was bliss and patience paid off.
- #32,703
- Sep 26, 2007 1:40pm Sep 26, 2007 1:40pm
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #32,704
- Sep 26, 2007 1:42pm Sep 26, 2007 1:42pm
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
Symmetrical triangle lines have been adjusted. Someone mentioned a wedge on the 4h.... where?
- #32,706
- Sep 26, 2007 1:53pm Sep 26, 2007 1:53pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
limit sell hit at 232.75, man, the 50% fib line does wonders
Trade what you see, not what you think.
- #32,707
- Sep 26, 2007 1:55pm Sep 26, 2007 1:55pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Hi everyone, sorry i was out of town today, and guess what... my broker doesn't offer MT4 mobile 
i've been on for the last 15 mins trying to quickly read through 40 pages...
i was soooo worried about the trade, i thought my SL would hit on my third trade, i was so sure my first 2 TPs would hit. but anyway, i just close the third trade with 144 pips profit, sure is nice. HOWEVER, that was luck. m30 has been signaling reversals more than a couple of times. i should have closed the last m30 strategy trades at approximately 40 pips each for a total of 120 pips. then reenter at 231.59 and closed it with B/E. then enter again at 232.45 with a successful 75pips. but who cares
: first TP of 100pips and second TP of 175 successfully hit. again, that was pure luck. i'm sure lots of folks here closed their longs prematurely. this uptrend today was so lousy, i think it was due to the fact that aus once brought forward, that GU was going in a different direction of UJ... however, several retracements in the downwards movement of GU triggered more uptrend in GJ. also Dow as moving upwards really darn slowly...
i've been on for the last 15 mins trying to quickly read through 40 pages...
i was soooo worried about the trade, i thought my SL would hit on my third trade, i was so sure my first 2 TPs would hit. but anyway, i just close the third trade with 144 pips profit, sure is nice. HOWEVER, that was luck. m30 has been signaling reversals more than a couple of times. i should have closed the last m30 strategy trades at approximately 40 pips each for a total of 120 pips. then reenter at 231.59 and closed it with B/E. then enter again at 232.45 with a successful 75pips. but who cares
: first TP of 100pips and second TP of 175 successfully hit. again, that was pure luck. i'm sure lots of folks here closed their longs prematurely. this uptrend today was so lousy, i think it was due to the fact that aus once brought forward, that GU was going in a different direction of UJ... however, several retracements in the downwards movement of GU triggered more uptrend in GJ. also Dow as moving upwards really darn slowly...
- #32,708
- Sep 26, 2007 1:57pm Sep 26, 2007 1:57pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
nice one
by the way, all my friends call me the "old man" cuz i don't smoke flavored tobacco (argeelah), i do pure tobacco (tembac)
i would feel sorry for hakuna, it would be too harsh for him.
- #32,710
- Sep 26, 2007 2:01pm Sep 26, 2007 2:01pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #32,714
- Sep 26, 2007 2:09pm Sep 26, 2007 2:09pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Until 232.29 breaks, there is still potential for this to return close to the line up to 233.12. That would be a nice short entry for me otherwise breaking 232.29 should serve as confirmation.
agreed. i think your wedge is working out nicely too.
before i came here, i usually traded channels. tops and bottoms were my entry points, and i still do but i don't post them here because they're not related to aus's strategy. i now rely mostly on aus's system for entry and exit points.
my last trade was a long @230 with a tp of the upper trendline that you pointed out (minus 30 pips, which i usually do, at 232.85), and second takeprofit of the top of my h4 channel (which was the total opposite of some of the other trades i had) i missed the opportunity to go short on the top, but hey... there's lots of fish in the sea
- #32,715
- Sep 26, 2007 2:10pm Sep 26, 2007 2:10pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #32,716
- Sep 26, 2007 2:14pm Sep 26, 2007 2:14pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
agreed. i think your wedge is working out nicely too.
before i came here, i usually traded channels. tops and bottoms were my entry points, and i still do but i don't post them here because they're not related to aus's strategy. i now rely mostly on aus's system for entry and exit points.
my last trade was a long @230 with a tp of the upper trendline that you pointed out (minus 30 pips, which i usually do, at 232.85), and second takeprofit of the top of my h4 channel (which was the total opposite of some of the other trades i had) i missed the opportunity to go short on the top, but hey... there's lots of fish in the sea
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i've also predicted an uptrend to 200ema, and i still think we are going to touch that sucker... GJ just finished a 50% retracement, this might go up a little afterwards.
