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

  • #45,481
  • Oct 29, 2007 12:41pm Oct 29, 2007 12:41pm
Got to agree with M2B and Markam..really missed aus, karmo, HM amd zoran..pls dont let us buoying because of some unreliable posts.. yes t1t100.. and to the other who used other than aus teachings here..u can start your own thread..really need Aus to correct things out..
Quote
my duty is to my heart
  • #45,482
  • Oct 29, 2007 12:46pm Oct 29, 2007 12:46pm
Hi guys,

Thanks to all of you for your hard work. I have a question: I am noticing that the candle is trying to form on the outside of the bollinger bands on the 4 hr. I had heard or read somewhere that when the price swings outside like that on the bollinger bands, it is likely to swing back the other way. Hope that makes sense. So.....what I'm asking is could this also be a signal for retracement?

By the way, I'm with you too, M2B!! Some people, no matter how "educated," simply have no class.
  • #45,483
  • Oct 29, 2007 12:57pm Oct 29, 2007 12:57pm
[quote=my2buoys;1685992]
Quoting alienist253
You are rudest person I have ever encountered on a forum.


BTW Just curious, is your signature line a sly reference to masturbation?[/quote]

You obviously haven't been on many forums. I could point you to a few where they cuss out noobs like yourself in very graphic language. The rude person in this situation was the one interrupting my query directed at t1t.

If you want to know what rude is, take a look at your second statement. It's obvious that you have neither knowledge of, nor respect for, the Holy Scriptures. If I had made a lewd remark like that about the Koran, or some other holy book that one of the other traders in here held in high esteem, I would have probably been run out of here by now. Aus has prohibited the use of vulgar language in his thread, and if I may speak on behalf of all other Christians in here, please refrain from using my Lord's name in vain to make a point, and please refrain from slandering the words from the Holy Bible as you just did. I am not trying to turn this into a religious thread, but I don't think slandering the religious beliefs of other people in here is necessary to be a successful trader. And I think that the Muslims, the Buddhists and the atheists in this thread would agree with me on that point.

M2B
HEAR HEAR YESSS
  • #45,484
  • Oct 29, 2007 1:03pm Oct 29, 2007 1:03pm
Aus should start another thread. The less replies on a thread the better because it doesnt seem to attract every Joe out there.. Even tho he and I have been less than friendly with one another, he has a great system and I havent seen his system being analysed in a long time. The analysis from the other senior members helped to enhance his system but the constant chit chat and fights and debates are ruining a good thing. Just my opinion.
  • #45,485
  • Oct 29, 2007 1:08pm Oct 29, 2007 1:08pm
Quoting let'erpip
Hi guys,

Thanks to all of you for your hard work. I have a question: I am noticing that the candle is trying to form on the outside of the bollinger bands on the 4 hr. I had heard or read somewhere that when the price swings outside like that on the bollinger bands, it is likely to swing back the other way. Hope that makes sense. So.....what I'm asking is could this also be a signal for retracement?

By the way, I'm with you too, M2B!! Some people, no matter how "educated," simply have no class.
I don't use BB in my trading at this time, but you are reading them correctly. However, they should not be used as a stand-alone indicator for a reversal signal, because when a pair is trending, price can continue to run outside of the bands. View it as a heads up that a reversal should be near. Use some of the other indicators you like to use to help you with your entry to let you know when it is definitely time to go short. You might be OK getting in here on just that, but price could range for several more hours, (until 4H Stochastics is OB, for example), or price could shoot up a ways, (perhaps to the 237.40 area where the Daily 100SMA is) before heading back down. Always have more than one reason to enter a trade (a confluence) unless you're just scalping.

M2B
  • #45,486
  • Oct 29, 2007 1:14pm Oct 29, 2007 1:14pm
Your insight is always appreciated. Many thanks.
  • #45,487
  • Oct 29, 2007 1:14pm Oct 29, 2007 1:14pm
Quoting let'erpip
Hi guys,

Thanks to all of you for your hard work. I have a question: I am noticing that the candle is trying to form on the outside of the bollinger bands on the 4 hr. I had heard or read somewhere that when the price swings outside like that on the bollinger bands, it is likely to swing back the other way. Hope that makes sense. So.....what I'm asking is could this also be a signal for retracement?

By the way, I'm with you too, M2B!! Some people, no matter how "educated," simply have no class.
The price closing on the outside of the bollinger band simply means that there was(or is) a strong move. Together with other factors it does provide some bases to assume that the price may retrace a bit, (known to happen) in our case most likely to the mid section of the bollinger band. Bases for that assumption are, daily range has been reached, minimum price objectives for the day has been reached, so the price INMO could retrace to the mid section of around 234.6-70. That said 236.95 is acting like a magnet at this point and I believe we'll see that level rather soon, but since we have a negative momentum on the 4 hours, that bar could serve as a good indicator if the price decides to correct lower after a failed push up. take a look at the last weeks action at the same time, you'll find a lot of similarities to the current situation. Hope that answers your question, don't look for one thing there is no magic indicator, look for a confluence of factors and act accordingly.
  • #45,488
  • Oct 29, 2007 1:15pm Oct 29, 2007 1:15pm

Hope Aus is right. I'm short from 235.99 .... it's -45 by now.

__________________________
Don't worry, be happy!
  • #45,489
  • Oct 29, 2007 1:16pm Oct 29, 2007 1:16pm
M2B, the daily 100sma is at 238.9 , the 61.8 fibo(251.06-219.35) is there too. That's what my chart is showing me...
Learn Hard, Not The "hard way" !
  • #45,490
  • Oct 29, 2007 1:19pm Oct 29, 2007 1:19pm
The 15m and 30m QQE's have been getting themselves out of the overbought area but price hasn't been falling, we could still see an upward move close to 238, I stay out until we have a clear direction (retracement / continuation)
Trade what you see, not what you think.
  • #45,491
  • Oct 29, 2007 1:26pm Oct 29, 2007 1:26pm
Quoting 4x4life
M2B, the daily 100sma is at 238.9 , the 61.8 fibo(251.06-219.35) is there too. That's what my chart is showing me...
Here's a chart. Go ahead and compare it to yours. There could be some discrepancy because of the different times different brokers open and close their Daily candles, but it shouldn't be a 150 pip difference. My arrow is pointing at the Daily 100SMA (simple moving average close).

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy daily.gif Size: 29 KB
  • #45,492
  • Oct 29, 2007 1:28pm Oct 29, 2007 1:28pm
Salam alaik. Kaif haalak.

Should i close my Short (235.99) now?

_____________________________
Please .......
i'm NuBe
  • #45,493
  • Oct 29, 2007 1:30pm Oct 29, 2007 1:30pm
Hi Karmo are you putting SL's on your current short?
  • #45,494
  • Oct 29, 2007 1:30pm Oct 29, 2007 1:30pm
Quoting boron2k
Salam alaik. Kaif haalak.

Should i close my Short (235.99) now?

_____________________________
Please .......
i'm NuBe
wSalam, I'm good thanks, yourself?

It is still unclear of what it wants to do, a retracement or another push up.. once it decides I'll be taking the trade and will post it here.
Trade what you see, not what you think.
  • #45,495
  • Oct 29, 2007 1:31pm Oct 29, 2007 1:31pm
Quoting vinesh2
Hi Karmo are you putting SL's on your current short?
It got stopped out for +1, I might re-enter once it decides to actually have the retracement.
Trade what you see, not what you think.
  • #45,496
  • Oct 29, 2007 1:34pm Oct 29, 2007 1:34pm
Quoting karmostaji
The 15m and 30m QQE's have been getting themselves out of the overbought area but price hasn't been falling, we could still see an upward move close to 238, I stay out until we have a clear direction (retracement / continuation)
Overbought and oversold in qqe is at 70 and 30????

Thx for your Help!
  • #45,497
  • Oct 29, 2007 1:34pm Oct 29, 2007 1:34pm
Quoting my2buoys
Sorry, I know you addressed Markam on this, but someone else answered a question I had for you earlier which you never answered anyway. In fact, I have asked you several questions on this thread that you have never answered, regarding specific analysis for your calls. So, if you want to know what we want you to do, we want you to start your own thread. That's not a slam to you. It just seems that you have a totally different approach, and definitely different MM, than Aus teaches in this thread, and it would be better for everyone, including yourself, if you'd just start your own thing and let the people who enjoy your constant ejaculations (no, that is not a reference to masturbation, look up the word up in wikepedia) join you there. Just my opinion.

M2B
Hi M2B
You just wrote what I wanted to write to 1to100. We who have been following AUS's thread want his method and nothing else here. No confusions
Senbanda
  • #45,498
  • Oct 29, 2007 1:36pm Oct 29, 2007 1:36pm
I really would like to plead for peace in here please. I am a great addict of this thread and would not like to see all the guru's leave! it would break my heart as i am actually learning things i did never heard of before.
So please lets have less chaos in here, it would do all of us a great deal of good.
And i would implore any one trying to bring in some strategic positions to give background to those hunches (or whatever they are) it would only show some level of professionalism.
Thank you all anyway, for showing me the road of patience
No cure for inevitability.....
  • #45,499
  • Edited 1:59pm Oct 29, 2007 1:37pm | Edited 1:59pm
Quoting my2buoys
Here's a chart. Go ahead and compare it to yours. There could be some discrepancy because of the different times different brokers open and close their Daily candles, but it shouldn't be a 150 pip difference. My arrow is pointing at the Daily 100SMA (simple moving average close).

M2B

I just checked a couple of the platforms I use and MT4 was the same as yours M2b, but the VT one was 238.9, same as 4x4. I use MT4 primarily for S&R levels and VT for the Aus signals so I hadn't noticed. I'm inclined to trust the results of the NF MT4 data more, and looking at price action around the MT4 100sma seems to confirm this. Both are simple, applied to close. What could explain this massive difference?

Checked lower time frames and they seem to align OK so the calculations are the same. The datafeed for VT doesn't start until Dec 2005, much later than MT4, but plenty enough for a daily100SMA. Sometimes VT does display spikes and outliers that might effect these averages. I've lost confidence in the VT MA's on daily TF and above. Should I also be concerned about the accuracy of other VT indicators such as Momentum?
  • #45,500
  • Oct 29, 2007 1:39pm Oct 29, 2007 1:39pm
Quoting FlyForex
Overbought and oversold in qqe is at 70 and 30????

Thx for your Help!
Correct
Above 70 - overbought
Below 30 - oversold
Trade what you see, not what you think.
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