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

  • #37,281
  • Oct 5, 2007 3:46am Oct 5, 2007 3:46am
Quoting auslanco
(in) Indian Government Announces Missile Test - Wire Headline
That is good for USD ........
All AUS - USD short is doomed ... yikes I have them live too
  • #37,282
  • Oct 5, 2007 3:50am Oct 5, 2007 3:50am
Quoting auslanco
Stop loss.. this getting better each day
I noticed It cross much sooner then the Stop Loss ...

P.S
59Fender would be smiling with pips now if he was awake.it touch exactly at the price he said.
  • #37,283
  • Oct 5, 2007 3:56am Oct 5, 2007 3:56am
Quoting Syafi
I noticed It cross much sooner then the Stop Loss ...
It did...But I do not follow the 15min QQE5 cross since it can give many fake signals . However Here's the conclusion about the strategy: Just like many other strateg's It gives many good trades on trending markets. But on a ranging markets it falls apart. I will have to spend the whole weekend trying to add more filters. 1hr 100SMA trend clarification is something I have to seriously condsider .
  • #37,284
  • Oct 5, 2007 4:20am Oct 5, 2007 4:20am
Quoting Syafi
I noticed It cross much sooner then the Stop Loss ...

P.S
59Fender would be smiling with pips now if he was awake.it touch exactly at the price he said.
do u guys a buy position open at 237.48?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #37,285
  • Oct 5, 2007 4:20am Oct 5, 2007 4:20am
two thirty seven fifty this ia a good time to sit out and wait for a clear direction
  • #37,286
  • Oct 5, 2007 4:21am Oct 5, 2007 4:21am
Quoting Zoran
Well, C waves are normally larger than A's so I don't think the low is in yet.
That C wave looks complete now....just in case anyone was wondering (PipChick and Geppy).
  • #37,287
  • Oct 5, 2007 4:25am Oct 5, 2007 4:25am
Quoting 59fender
two thirty seven fifty this ia a good time to sit out and wait for a clear direction
and why is that? Thanks. BR
  • #37,288
  • Oct 5, 2007 4:26am Oct 5, 2007 4:26am
Quoting Zoran
That C wave looks complete now....just in case anyone was wondering (PipChick and Geppy).
would NFP throw off those calculations?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #37,289
  • Oct 5, 2007 4:33am Oct 5, 2007 4:33am
below 237.50 is bearish the first atempt to break lower usaully fails if we maintan below this level a lower low is likely. above 237.50 we could see a break higher perhaps to 238.25 if we do reach 238.00 level to 238.25 we could very well see a return to 237.50 before the "show" we are at 237.21 a good place to sit tight never make your move too soon
  • #37,290
  • Oct 5, 2007 4:34am Oct 5, 2007 4:34am
Quoting auslanco
It did...But I do not follow the 15min QQE5 cross since it can give many fake signals . However Here's the conclusion about the strategy: Just like many other strateg's It gives many good trades on trending markets. But on a ranging markets it falls apart. I will have to spend the whole weekend trying to add more filters. 1hr 100SMA trend clarification is something I have to seriously condsider .
I was thinking along the same lines. Could we have better results by changing the stop-reverse settings? I do not take the credit for this, since I have read somewhere another guy using
ATR period 100
ATR multiplier 3.0
ATR smoothing 60.

From a visual backtest, it seems to work. Unfortunately, I cannot remember where I saw it posted. From a visual check, it seems to filter quite a few fake signals.
  • #37,291
  • Edited 5:36am Oct 5, 2007 4:40am | Edited 5:36am
Quoting auslanco
Okay.. I would like to clarify this.. I have made it very clear to 59Fender that he's more than welcome to contribute to this thread and his analysis are most welcome . I agree, he should provide an analysis But some of us here dont like about him is posting 20 trades a day Too many trades and no analyses are not conducive to learning, could be distracting... and always going against my strategy calls Nothing wrong to go against your strategy calls if he can provide rationale...Karmo does quite often and you are open-minded on this, i am sure . There are 100+ traders on this thread at any given time. Just imagine if all of them post their trades.. Well! only few does so, I've never seen 100 people post their trades. they are busy trading...I'm sure 59fender has been on this forum for long enough and he could be a well seasoned trader. But there's no need for him to post his trades on this thread since I doubt anyone on this thread would want to follow his trades. He never follows a single indicator of my strategy and he has got his own. IMHO, 59Fender does not have to follow your strategy. His problem is that he does not provide his rationale for his call... This is just another way of 59Fender showing his ego by going against the majority here. I can not guess 59Fender' thinking...but I do not think that it is wrong to go against the majority as long as he can back up his case with concrete proof so that other can learn and give constructive criticism. As I always say.. His analysis here are most welcome but not his trades Agreed, he should provide analysis.
Don't get me wrong, Auslanco. If you put this
"Your own trade call without rationale is prohibited in my thread" then anyone, including 59Fender, who posts trade on your thread will have to provide an analysis.


"Bullies need not be here" with this, behaviours deemed bullying will not be accepted from anyone. Bully-free environment is conducive to learning. I know that you are very generous in sharing your system and teaching others. Certainly, you would like people to learn and give you feed back on this. If the unhealthy episodes errupted from time to time when members of the thread insult/belittle each other, this thread will fall apart. As a leader and mentor to newbies (that was your original idea that the targets of this thread are the newbies if I recall correctly?), you would not want that to happen? IMHO, this thread is unique that it teaches newbies while sharing ideas among traders.

Anyhow, I really like what you are doing, that's why I write this lengthy communique...I'm sure we agree on the analysis part with trades. Cheers. BR

PS. Please see my comments in bold in your quote too.
  • #37,292
  • Oct 5, 2007 4:40am Oct 5, 2007 4:40am
Quoting auslanco
It did...But I do not follow the 15min QQE5 cross since it can give many fake signals . However Here's the conclusion about the strategy: Just like many other strateg's It gives many good trades on trending markets. But on a ranging markets it falls apart. I will have to spend the whole weekend trying to add more filters. 1hr 100SMA trend clarification is something I have to seriously condsider .
The above seems to be true for the 15 min strategy. The longer h1/h4 strategy holds up much better in through ranging times.

Thanks for all your hard work on this Aus. Your insight and input has been greatly appreciated.
  • #37,293
  • Oct 5, 2007 4:41am Oct 5, 2007 4:41am
Quoting moneymagnet
would NFP throw off those calculations?
We were discussing Elliott Waves last night (my time) and I was telling PipChick that I was waiting for the C wave down (on the 15 min). That is the last wave so there's nothing more to come.

BTW, this is not harmonics but something different. I don't really use it often - just having some fun.
  • #37,294
  • Oct 5, 2007 4:45am Oct 5, 2007 4:45am
Quoting ssotiro
I was thinking along the same lines. Could we have better results by changing the stop-reverse settings? I do not take the credit for this, since I have read somewhere another guy using
ATR period 100
ATR multiplier 3.0
ATR smoothing 60.
From a visual backtest, it seems to work. Unfortunately, I cannot remember where I saw it posted. From a visual check, it seems to filter quite a few fake signals.
Which TF??
  • #37,295
  • Oct 5, 2007 4:46am Oct 5, 2007 4:46am
15m.
  • #37,296
  • Oct 5, 2007 4:47am Oct 5, 2007 4:47am
If one were to look at yesterdays 15m chart, it is very similar to the 15m chart developing today.

yesterday @ 04:30 (EDT) candle closed above 200 SMA.
Today, same thing. You could almost set your watch by it.

Yesterday was BOE rate statement, today NFP.

Could we have the same result as yesterday, up to about 23800 at least?

I am in a trade, but I won't post it.
  • #37,297
  • Oct 5, 2007 4:48am Oct 5, 2007 4:48am
I'm staying out since 2-3 days now, I'll start trading from next week, here's a chart since I'm just bored observing.

http://img69.imageshack.us/img69/1673/gjjj4.gif
Trade what you see, not what you think.
  • #37,298
  • Oct 5, 2007 5:37am Oct 5, 2007 5:37am
Quoting karmostaji
I'm staying out since 2-3 days now, I'll start trading from next week, here's a chart since I'm just bored observing.

http://img69.imageshack.us/img69/1673/gjjj4.gif

I'm stayed out too for 3 days....
  • #37,299
  • Oct 5, 2007 5:47am Oct 5, 2007 5:47am
Aus bro , if you are not considering NFP report why are you not going for long.
Atleast 15 min. strategy trade is on ..
  • #37,300
  • Oct 5, 2007 5:59am Oct 5, 2007 5:59am
Quoting mansaf6
Aus bro , if you are not considering NFP report why are you not going for long.
Atleast 15 min. strategy trade is on ..
1hr QQE 5 is still crossed down. No 15min trade.
However I got a scalping trade open on my personal account..
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