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

Quoting fer

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hello
ive been following this thread for a while and wanted to thank everyone for their continued contribution. thanks
ive tried learning as much as i can but sometimes get confused why some setups are taken and some are not.

i was wondering if anyone could help me why Aus is still holding a long position and if he mentioned where his stop loss is placed.
i also read that karmostaji is holding a long position too and both of them think this is going to reverese to go back up
the other thing is there used to be more explanations of trades which were announced in here...but nowadays i dont see many of the senior members explaining why they have taken a particular trade. It used to help traders like me understand better. Last few times i have seen seniors mentioning of a position taking because they think its going that way and not a valid techinical suggestion....please seniors, if you traders could give us not so experienced traders in here valid techinical reasons once again we would like it. thank you once again

fer

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Quoting auslanco

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Agreed . My current open trade is a swing trade based on 5sma and the weekly momentum.. My entries are at 235.14 and 235.60 with a SL @ 233. I'm waiting for the new weekly momentum on Monday to see the direction of the pair for the next week. If I get a strong bearish weekly momentum(all 3 pointing down) I will close my long position on a retracement . If the weekly 1C or 10C momentum points up the pair is due for a retracemnt upto 237.60-238 area next week.

I would like to point out that I always try to avoid posting my trades on this thread. Instead I post my analysis on every session start. I have given you my strategy and I expect everyone to take their own trades based on my strategy or their own strategy. Most of my trades are based on the session trends with entries on 15min strategy .

.

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Quoting fer

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thank you auslanco for your response. You used to post your entries before with explanation and i would try to learn from that. So how come you have stopped now? how come you didnt take the 15min strategy short, the price was below 100 simple moving averege? Did you take that trade in your Oanda manager platform? Isnt there a 4hr/1hr strategy short trade?
Did u miss the short setup? weekly 5 sma is at around 236, so why the entry you posted above? daily sma is at 237.30. Im just trying to figure out your trade -- did you go against your own strategy?

i read your analysis and i really like it. this is what i really paid attention to as this is what my charts were telling me when you made a reply to markam.



and then i read later you were in a long position. Maybe you got confused.
thanks for the response.

Fer

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Quoting auslanco

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The reason I stopped it was people are getting more and more relied on trade calls. The other reason is when I Take a trade my usual leverage is 1:2. That means I pay $50K to buy a 1 full lot. Most of the new trader here use their maximum leverage upto 1:50 or some times 1:100. Therefor If my SL gets hits it bearley have an effect on my account. But other's who follow my calls blindly can blow their account in one bad trade. This became very evident when one of the new members here lost $30K(100% of his account)after a bad week and on the same week I lost only 4% of my account.

If I give them analysis not only they learn how to take trades themselves they also build trust on their charts and their strategy , which I believe the most important thing.

Long, is a swing trade.

I took the 15min strategy trade and still open... I was a bit late to enter.

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Quoting triad

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hi all
new posts do not appear without refreshing page.
is there any way of fixing this.
i know my guestion is not related to the subject of this thread
but did not know where in FF topost this question.
sorry about that. thanks in advance

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Quoting auslanco

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Agreed . My current open trade is a swing trade based on 5sma and the weekly momentum.. My entries are at 235.14 and 235.60 with a SL @ 233. I'm waiting for the new weekly momentum on Monday to see the direction of the pair for the next week. If I get a strong bearish weekly momentum(all 3 pointing down) I will close my long position on a retracement . If the weekly 1C or 10C momentum points up the pair is due for a retracemnt upto 237.60-238 area next week.

I would like to point out that I always try to avoid posting my trades on this thread. Instead I post my analysis on every session start. I have given you my strategy and I expect everyone to take their own trades based on my strategy or their own strategy. Most of my trades are based on the session trends with entries on 15min strategy .

.

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Quoting fer

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but nowadays i dont see many of the senior members explaining why they have taken a particular trade. It used to help traders like me understand better.

fer

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Quoting auslanco

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There are few senior members here posting their 20-50 pip scalping trades. You only have to ask your self whether you always want to rely on them for their SL and TP levels or you want to learn how to catch the fish your self.
There are many good simple and profitable strategies available on this forum. Pick one strategy and and learn the art of making pips. You cant become a profitable trader overnight. It takes patience, time and sacrifice.

Always follow a good risk to reward ratio (atleast 1:2)on all your trades.
IMO this pair is not the ideal for 20-50 pips scalping. One bad trade could wipe out all your losses. On the other hand if you target for 100+ pips on every trade you can afford to loose 5-6 trades and wipe out all your losses in couple of good trades. The only way to make money in forex is by adopting a good moneymangent strategy. good R/R has to be a major part of your MM.

Eg:
We got a 15min strategy sell trade around 236.20. Where did you place your SL?? at 236.80(60 pips from entry). How many of you did exit that trade at 235.60 ? Risk to reward is 60pips :60pips. Where's the good money management there?

Instead you could have taken your profits near the daily low's atleast for 100pips.

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Quoting brok

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Mate as I have read this post I really appreciated your effort more.. This is not a praising post but when I see you try to show the people the right way, I like being a part. I wish I had met you before when I started trading on my account. For the last couple of days I haven't contributed since I thought the reason of this thread were being violated by nonsense scalp posts... I have been using your startegy for the last couple of weeks to confirm with the analysis of my own and tell you what; it really works out well. But one also understand the logic behind the strategy -the money management and the use of the indicators. If one can understand it then he won't even need to look at the news or other indicators. I tried to help newbies or the ones new to this strategy, who had questions before by pm and will if anyone requests a help...

Keep on the good work mate

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Quoting auslanco

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Thanks Brok. It has indeed. I have lost my interest on this thread due this fact. Soon I Will come up with a solution which gives me more control to overcome this problem.

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Quoting ActioReactio

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Zoran, The black charts are from my personal projections of price movement for both the gpy/jpy and euro through the end of the year. The daily candle chart was posted as a comparison: projection to actual.

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Quoting auslanco

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Agreed . My current open trade is a swing trade based on 5sma and the weekly momentum.. My entries are at 235.14 and 235.60 with a SL @ 233. I'm waiting for the new weekly momentum on Monday to see the direction of the pair for the next week. If I get a strong bearish weekly momentum(all 3 pointing down) I will close my long position on a retracement . If the weekly 1C or 10C momentum points up the pair is due for a retracemnt upto 237.60-238 area next week.

I would like to point out that I always try to avoid posting my trades on this thread. Instead I post my analysis on every session start. I have given you my strategy and I expect everyone to take their own trades based on my strategy or their own strategy. Most of my trades are based on the session trends with entries on 15min strategy .

.

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Quoting lepiricus

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Here is a regression chart on the weekly. By the end of this week we should most likely go down to 235 area (aqua line) or up to 243 area (blue line). Price wants to go back to the aqua line. So the chart is bearish biased for the week.

Will this happen? Hell if I know, I just trade day to day but I am just trying to find that crystal ball.

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Quoting lepiricus

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I posted that on the 9th, yay for my crystal ball!

This week? We go up most likely. I'll go shine up that crystal ball now while I post a weekly regression chart below. I see us going down to perhaps 232 area, but like I said, I think we are going to retest 240 area based on regression analysis alone.

On the other hand, we had a daily bar close below the 50 ema, last time that happend was july 26th and I am sure you all remember those times. A slap of the 220 area could be in the cards too if the the market starts to lend its ear to Markam.

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Quoting lepiricus

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I posted that on the 9th, yay for my crystal ball!

This week? We go up most likely. I'll go shine up that crystal ball now while I post a weekly regression chart below. I see us going down to perhaps 232 area, but like I said, I think we are going to retest 240 area based on regression analysis alone.

On the other hand, we had a daily bar close below the 50 ema, last time that happend was july 26th and I am sure you all remember those times. A slap of the 220 area could be in the cards too if the the market starts to lend its ear to Markam.

I'll stick to my bastardized auslanco system I use. Its based off 30min and 60 min TF crossovers, but has yielded over 3k pips for me since august, also provide for less screen time. I don't trade for a living yet so I have to balance screen time with the 9-5 job.

I still love this thread and appreciate the fantastic analysis by our host and 1kt members. I can understand Aus's desire to take his teachings to a more private format where he can filter the riff raff. I hope I can be a part of it.

Good luck next week and many pips to all.

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Quoting forexking2

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Hi there

What system of auslanco are you using the 15 min system can you point me to where the system is on this forum cheers.

Mark

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