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

  • #43,181
  • Oct 23, 2007 6:22am Oct 23, 2007 6:22am
Quoting PipChick
Will wait for it to slap down off the 235.87 area then look to buy a nice size dip.
Hmm.. Not sure you would want to buy unless you aim for smaller profits..
  • #43,182
  • Oct 23, 2007 6:24am Oct 23, 2007 6:24am
Quoting Zoran
I did mention a big bounce off 231.50 (though it did go 100+ lower). I wasn't really expecting it to go higher than 236.00 but the bull looks strong.

What's your main strategy, I'm deeply impressed with your analysis. Could you point to some sites/books where I can start picking up good details about your methods, (i've checked your profile)
  • #43,183
  • Oct 23, 2007 6:26am Oct 23, 2007 6:26am
Hey Aus,nice to see you!Do you think that there could be a possible retraco to the 1H 5sma?I'm thinking by getting long at this area!
  • #43,184
  • Oct 23, 2007 6:31am Oct 23, 2007 6:31am
Quoting auslanco
LOL.. If you learn the Momentum.. thats all you need . Nowadays I "Blindly" trade on momentum settings and suddenly my account has grown 20% with only 1:2 leverage within 3 weeks

Could you please repeat what Momentum setting you use? Thanks.
  • #43,185
  • Oct 23, 2007 6:34am Oct 23, 2007 6:34am
Quoting I.Y.I
Hey Aus,nice to see you!Do you think that there could be a possible retraco to the 1H 5sma?I'm thinking by getting long at this area!

There could be a retracemnt on next hourly bar..
  • #43,186
  • Oct 23, 2007 6:35am Oct 23, 2007 6:35am
Quoting rdrainey
Could you please repeat what Momentum setting you use? Thanks.

1C
10C
14C
  • #43,187
  • Oct 23, 2007 6:36am Oct 23, 2007 6:36am
i want to salute you master butmay be one day i would be able to do so. i have learned so many things from you and other learned members of this thread and i am really greatful to you all guys. keep it up guys i just can wish you all the best.
Best Regards
Kenneith
Quoting auslanco
When the 10C and 14C points up but still below the 50 line means a typical 5sma retracement.
You can confirm a strong retracemnt if 1C pointing up and cross the 50 line .

Start of theDaily bar
What most important is the momentum setup at the start of the bar.
Todays daily 10C and 14C was strong bearish att the strat . But 1C showed a strong retracemnt pointing above the 50 line.

This interprets : Before close of the current daily bar the price will attepmt to catch up with the 10C and 14C bearish momentum after the retracemnt.

Now I look at the 8hr TF to determine the session momentum. Current 8hr TF Momentums are pointing up(all three) I expect the next 8hr bar at 1600GMT to point down. Thats when the bearish move will happen( if all three momentums point down)
  • #43,188
  • Oct 23, 2007 6:36am Oct 23, 2007 6:36am
Quoting auslanco
When the 10C and 14C points up but still below the 50 line means a typical 5sma retracement.
You can confirm a strong retracemnt if 1C pointing up and cross the 50 line .

Start of theDaily bar
What most important is the momentum setup at the start of the bar.
Todays daily 10C and 14C was strong bearish att the strat . But 1C showed a strong retracemnt pointing above the 50 line.

This interprets : Before close of the current daily bar the price will attepmt to catch up with the 10C and 14C bearish momentum after the retracemnt.

Now I look at the 8hr TF to determine the session momentum. Current 8hr TF Momentums are pointing up(all three) I expect the next 8hr bar at 1600GMT to point down. Thats when the bearish move will happen( if all three momentums point down)
Hi Aus,

what do u mean by 50 line? Middle of the MOM indicator?
  • #43,189
  • Oct 23, 2007 6:37am Oct 23, 2007 6:37am
Quoting rdrainey
Could you please repeat what Momentum setting you use? Thanks.
Read it from the indicators setting. that is a 2 minute work for you to do...Lol

kingmaker
  • #43,190
  • Oct 23, 2007 6:39am Oct 23, 2007 6:39am
I hope I didn't jump the gun here.
Attached Image (click to enlarge)
Click to Enlarge Name: shortsale.gif Size: 22 KB
  • #43,191
  • Oct 23, 2007 6:39am Oct 23, 2007 6:39am
Quoting gtt
What's your main strategy, I'm deeply impressed with your analysis. Could you point to some sites/books where I can start picking up good details about your methods, (i've checked your profile)
Yes, it's all in my profile. The mentioned book is a good start.

I was fortunate enough to cross paths with some reasonably good traders in my early days that tought me some good money management skills and that trading can be profitable (though I have never had a mentor). I also realised that I could only succeed by putting in the effort to learn. Everyone will develop their own system at the end of the day (and it will keep evolving) so just keep at it.

My advice is to have a strong base. Get the basics right and then build on top with the more complicated systems.
  • #43,192
  • Oct 23, 2007 6:41am Oct 23, 2007 6:41am
All FXManager trade is closed, and I cant believe we are in green today with what I have seen
  • #43,193
  • Oct 23, 2007 6:43am Oct 23, 2007 6:43am
Quoting kenneith
i want

  • #43,194
  • Oct 23, 2007 6:43am Oct 23, 2007 6:43am
Quoting auslanco
There could be a retracemnt on next hourly bar..
Yeah i told the same.We'll se with the next bar and as you see the 1H mom is starting pointing down!
  • #43,195
  • Oct 23, 2007 6:44am Oct 23, 2007 6:44am
Quoting rdrainey
Could you please repeat what Momentum setting you use? Thanks.
Read this and it will answer all your questions


Auslanco's 1m & 15m systemfinal.doc
Attached File(s)
File Type: doc Auslanco's 1m & 15m systemfinal.doc   376 KB | 767 downloads
  • #43,196
  • Oct 23, 2007 6:45am Oct 23, 2007 6:45am
Quoting comeinvest
Hi Aus,

what do u mean by 50 line? Middle of the MOM indicator?
Middle line .. some platforms it's 50, other Zero line.
  • #43,197
  • Oct 23, 2007 6:45am Oct 23, 2007 6:45am
Quoting auslanco
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 .

.
Hi Auslanco

I was actually thinking about your swing trades yesterday thinking pirce will not hit your s/l. So how come you are saying that you are still holding your swing long trades as posted above? Arent your stop losses hit at 233?
It seems you are changing what you post or i must have missed something?

Fer
  • #43,198
  • Oct 23, 2007 6:48am Oct 23, 2007 6:48am
My shorts are green !

Damned !
  • #43,199
  • Oct 23, 2007 6:48am Oct 23, 2007 6:48am
Quoting Syafi
All FXManager trade is closed, and I cant believe we are in green today with what I have seen
Yeh.. The earlier short trade was I went against the 15 min strategy and gambled a half a lot. when I got a good momentum setup to the same direction as the 15min strategy I went long with a full lot. That made all the difference.
  • #43,200
  • Oct 23, 2007 6:49am Oct 23, 2007 6:49am
Quoting wired2199
Read this and it will answer all your questions


Auslanco's 1m & 15m systemfinal.doc

Thank you.
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