Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Auslanco 15min GBP/JPY startegy 630 replies

Auslanco-GBP/JPY Strength Indicator strategy 344 replies

My MT4 indicators for Auslanco's strategy 92 replies

Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies

Questions About Auslanco's Trades 72 replies

Attachments: Auslanco - GBP/JPY and GBP/USD (newstrade)
Exit Attachments

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

Quoting nikkipip4
Sorry but I need an explanation as to why you think it will go that high. Thank you Nik
Hi Nik,

Please see my previous post regarding 4 hour trendline breaks. It is just my observation as 4 hour trendline is powerful and cannot be under-estimated.
Thanks
Quoting karmostaji
The nap was good, but I'm feeling worse..

I'm holding onto my shorts, for a couple of reasons:

1. 1h QQE is getting close to overbought area, indicates a good 200 pips retracement.

2. The hourly chart is just screaming to me 'SHORT SHORT SHORT' lol

so, I'm sticking with my plan and also we have a new VT daily momentum in 40 mins.

I agree with you Karmo. I expect at least 100 pips down
Quoting mktjong
Hi Nik,

Please see my previous post regarding 4 hour trendline breaks. It is just my observation as 4 hour trendline is powerful and cannot be under-estimated.
Thanks
I looked at that post and it was a long time ago and did not remember what it said so I thought this was a new observation. Thanks so much!
On my FXDD daily chart which closes in 30 minutes it looks as tho it has a bullish engulfing candle. I am not that familiar with these can anyone verify? Thanks!
Im going to go short for about 30-40 pips here but not sure about it going back down 200 yet. 30 Min. chart Stochs are unwinding and momentum is decreasing.
Quoting markam
I agree with you Karmo. I expect at least 100 pips down
Same here, too many things screaming down, btw markam great video, can't say I didn't know hard facts, but there were a few new things I picked up. Got to remember that guys name and check him out live. Not a pretty picture though...
Quoting GFI
Im going to go short for about 30-40 pips here but not sure about it going back down 200 yet. 30 Min. chart Stochs are unwinding and momentum is decreasing.
Trade what YOU see on your chart, my friend. Never trade what others say or anything else.

If you see price will go up, then buy even if Bush is saying price will go down!
Trade what you see, not what you think.
Quoting smmcintyre
I just wanted to say how informative this thread is. I have learned so much from everyone that posts here.

One lesson I learned the hard way over the last several months in patience. Sometimes the best FX strategies is knowing when not to trade and staying out of the market. Low liquidity or lack of clear direction is certainly a good sign to take the day off.

Anyways on the subject of lack of direction what is everyone thoughts/analysis on GBP/JPY. Seem like we are stuck in a tight rang right now…

Also, I would appreciate any feedback on my chart setup..
Agreed! staying out of the market and watching price action is a great way in trying to figuring out where the market is going.

GJ has inched up slowly since daily's MOM is pointing up (supported by weekly's MOM too). The current price is above the daily pivot in all TFs. So, it is safe to go long. I would wait for a dip to 5 SMA for a good entry.

Since all QQE's TFs 15, 30, 1H and 4H are bullish, thus, the trend is definitely positive. When both 1H and 4H QQEs are in the same direction and after it is confirmed, according to Auslanco's strategy, a min of 200 pips is in the bag. With the weekly and daily MOM support, a conservative gain would be at least 300 pips, IMO.

Your chart setup looks great! On my chart, i throw in 50, 100 and 200 EMAs and bollinger bands (for scalping purposes) as well. When the market is in a tight ranging, it is good for scalping. I also put QQE and MOM in the same window to save space and add a window for ADX to gauge the market trend.

Happy Trading! BR
everybody is selling all day, how cool.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 48 KB
Quoting markam
I agree with you Karmo. I expect at least 100 pips down
Hi markam...

Why do you think that?

DJI close very positive + 13600 and GU long all day..

If DJI close in the green UJ its green too and GU up all day, this means gj up, isn't it?

Or do u expect GU down in the asian market?
Quoting karmostaji
Trade what YOU see on your chart, my friend. Never trade what others say or anything else.

If you see price will go up, then buy even if Bush is saying price will go down!
I agree with Karm. He and I are usually on opposite ends of the trade but we both end up positive (somehow).lol. Im thinking about buying around 235.10 or even the 100 ema again if it gets there. It all depends on the crystal ball at the time..hehe
Quoting hellkkas
Hi markam...

Why do you think that?

DJI close very positive + 13600 and GU long all day..

If DJI close in the green UJ its green too and GU up all day, this means gj up, isn't it?

Or do u expect GU down in the asian market?
We should see a retrace at least to the 4 hr sma before any movement up.

Also, you can argue that the movement so far has simply been a retrace up to the daily sma, and it is possible that GJ is now going to continue down. Unless I see clear evidence that the bulls have returned, I will not go long for more than a scalp.

As for GU, it has gone up 250 pips and is near the top of its recent highs. It is likely to move down.

As far as I am concerned the data is biased still towards moving down.
If Bush says down I will surely buy ;o)
Question for Markman or Karm, or anyone elese who is being using momentums for a while, I usually just used it for confirmation, but upon stumbling on this thread,started to notice some interesting facts, momentum with a period of 1 sometimes has a divergence to price, and from what I have seen the price follows in that direction at some point at time, when it does there is a pretty clear target that can be seen based on the level of the momentum when the divergence had started. Anyone uses it for this purpose or has experimented with it?, input or experience would be welcomed
Quoting karmostaji
The nap was good, but I'm feeling worse..

I'm holding onto my shorts, for a couple of reasons:

1. 1h QQE is getting close to overbought area, indicates a good 200 pips retracement.

2. The hourly chart is just screaming to me 'SHORT SHORT SHORT' lol

so, I'm sticking with my plan and also we have a new VT daily momentum in 40 mins.
Hi Karmo,

I took a similar entry to your around 18h55 GMT. basically because all the TF were overbought and were looking for a down side, unfortunately it has gone against us since then except for the last 20 minutes don't you think that the 4h QQE will minimize the expected fall and therefore looking for a TP around 234.50

Gerry,
New daily momentum is down. My target is 233.
Quoting biker883
Hi Karmo,

I took a similar entry to your around 18h55 GMT. basically because all the TF were overbought and were looking for a down side, unfortunately it has gone against us since then except for the last 20 minutes don't you think that the 4h QQE will minimize the expected fall and therefore looking for a TP around 234.50

Gerry,
keep an eye on 1h QQE, if it crosses downwards then 233 is on the cards which is the 50% fibo of this last bull-run.
Trade what you see, not what you think.
Going short.....what a perfect setup right here


My 1st target is the 1st yellow line closest to where we are to the downside
Attached Image
Quoting karmostaji
keep an eye on 1h QQE, if it crosses downwards then 233 is on the cards which is the 50% fibo of this last bull-run.
hala
what is entery you think? also sl
Quoting karmostaji
keep an eye on 1h QQE, if it crosses downwards then 233 is on the cards which is the 50% fibo of this last bull-run.
Thanks for your reply,

I am still concerned as yo can see the price is between the 100 and 200 MA's and I am not sure the small divergence on on the stochastics will be strong enought to push the price down
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 1h.gif Size: 19 KB
6 traders viewing now