Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 2387 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY, GBP/USD

Similar Threads

Auslanco-GBP/JPY Strength Indicator strategy 345 replies

Auslanco 15min GBP/JPY startegy 630 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)

  • #47,721
  • Nov 5, 2007 6:38am Nov 5, 2007 6:38am
How to install the indicator to virtual tader? thx
  • #47,722
  • Nov 5, 2007 6:39am Nov 5, 2007 6:39am
not what Aus, or Karmo or ANYONE tells...

I understand Karmo frustration, because he was 100% sure of his shorts, but closed influenced by Aus opinion...

At the end Aus can be correct, because his stop loss and trading style is different, but you cant trade anyone opinion...it is a sure way to a disaster.

Believe...I am telling this from my own heart and experience...

In the past i followed some AMAZING good traders, like Aus, and ending losing money, because they new what they were doing, and I didn't know.

I learned the lesson... and I am not trading Forex since 1, 2 or 3 years...
  • #47,723
  • Nov 5, 2007 6:40am Nov 5, 2007 6:40am
Quoting auslanco
yes still holding until 00.00GMT
Attached Image
  • #47,724
  • Nov 5, 2007 6:40am Nov 5, 2007 6:40am
Quoting karmostaji
I'm really pissed at myself, I didn't stick with what 'I' saw and I paid a price.

I'm mad
Hey Karmo, are you referring to this statement? ------>
Quoting karmostaji
Ok, for intra-day traders who are using auslanco's strategy, it seems people have kind off forgot about the 4h/1h strategy. 4h QQE is already crossed downwards and once 1h QQE crosses downwards, that should give us a 200 pips trade but since there is this gap on VT, I'm not sure but 4h and 1h momentum are very bearish.
  • #47,725
  • Nov 5, 2007 6:41am Nov 5, 2007 6:41am
Please send a "yes" for Karmo to stay we need him.to stay in the FORUM and guide us he is one of the best traders in here
  • #47,726
  • Nov 5, 2007 6:42am Nov 5, 2007 6:42am
DOW *should* have a bad day today.. considering everything is being focused on the banking/financial sector. There are not many companies reporting numbers today (Burger king reported a profit, but that is not a market mover)
  • #47,727
  • Nov 5, 2007 6:42am Nov 5, 2007 6:42am
Quoting auslanco
these trades are based on daily momentums.. 100-200 pip swings on 4hr and 1 hr momnetums are very common. The logic behind this strategy is enter your trades at 00.00GMT , shut your computer and check your trades next day at 00.00 GMT when the new daily bar opens. Therefor this strategy is definitely not for the pussy hearted .

Ideal trade would be 1mini lot for every $5000 to handle large drawdowns.

I really hope it would work and i'll be signing up to learn... coz i kinda busy guy.. open at 0.00 and look at it again the next 24 would really help me out..keep on working on it man. Cant wait until 0.00 to see whether it would come back to 240 area.as i can see its a very strong bear roaring now..

Quote
My duty is to my heart
  • #47,728
  • Nov 5, 2007 6:43am Nov 5, 2007 6:43am
It's funny how all the dogs start barking when a trade goes negative. Where were they when the same trade was 80+ profits..??
  • #47,729
  • Nov 5, 2007 6:49am Nov 5, 2007 6:49am
Quoting auslanco
It's funny how all the dogs start barking when a trade goes negative. Where were they when the same trade was 80+ profits..??
It is funny! humans... you are lucky if you get a thanks when they make money, loose money and for that they are ready to kill you!!
  • #47,730
  • Nov 5, 2007 6:50am Nov 5, 2007 6:50am
I wonder if the Citi losses would turn in a few hundred millions instead in the billions.

Then Dow will rocket up and g/j would too.

For now the news saying 8-11 Billion. As far as I know, these are just rumours. Might be created by speculators. Who knows right?
  • #47,731
  • Nov 5, 2007 6:51am Nov 5, 2007 6:51am
Thats why it says trade @ your own risk,...
Never look for someone to blame when you are in a loosing trade,...

M still out looking for a good short entry after U/J retraces,...
  • #47,732
  • Nov 5, 2007 6:52am Nov 5, 2007 6:52am
Quoting gimp
So what moved the pair so low today... bad news, QQE?? Anyways thnx for all the efforts you guys give to teaching us noobs. It's still a great forum and there is no need for tension, remember everyone trades @his own risk.
Listen bro, during normal market conditions.. techs rule - QQQ, momentum all rocks. When market events come into play such as Citibank report.. bad GBP news.. nothing else matters.

I mean.. let's say QQQ , momentum etc for GBP/USD were all pointing down. All of a sudden BOE says 'inflation is too high.. we are going to hold an emergency meeting tomorrow regarding rates' .. do you really think GU is going to respect QQQ or momentum or 100 SMA or 50 EMA or whatever? NO! It will shoot up.. period.

That's why I keep shouting - keep your news monitor turned on all the time. Always keep an eye out for fundamentals or important events.. it can easily turn a profitable trade into a losing one. Even Aus closes his positions before very important events like interest rate decisions,. etc.
  • #47,733
  • Nov 5, 2007 6:55am Nov 5, 2007 6:55am
Quoting uncleforex
I wonder if the Citi losses would turn in a few hundred millions instead in the billions.

Then Dow will rocket up and g/j would too.

For now the news saying 8-11 Billion. As far as I know, these are just rumours. Might be created by speculators. Who knows right?
Nah.. it's most likely to be way more than just 8-11 billion. Now besides subprime - credit card debt and defaults are up by a huge number. That combined with subprime losses - banks are going to have severe losses.

You can clearly see how bad it is just by looking at interest rates that banks are offering.. even though Feds cut rates.. interest rates for loans that banks offer - are rising. Clearly they are running out of money. This is markam's dream scenario come true.

Number one reason for today's financial distress- all the idiot consumers who buy more than what they can afford.

Got laid off? Not to worry! But a new 42" plasma with no money down, and pay after 3 years! Woo hoo!
  • #47,734
  • Nov 5, 2007 6:55am Nov 5, 2007 6:55am
Hi guys, who ever is complaining about thier losses, have no one to blame but their selves. You press the button to make the trade, deal with it.
  • #47,735
  • Nov 5, 2007 6:57am Nov 5, 2007 6:57am
Quoting fer
Dont be an ass li**er.
There are many traders in here trying to follow Auslancos previous methods. I mean even his 15 minute strategy gave a trade he didnt take himself because he was stuck with his longs and all his longs talk. He claims he changed his stop loss initially to a new stoploss at 238.20 and then he claims he doesnt have a stop loss or rather a stop loss to 210? And on top of that being rude and pointing out to Karmo he has taken a Short on usd/jpy which was the only winning trade so far today compared to both gbp/usd and gbp/jpy which he is running considerable loss so far. Come on. Open your eyes matey. Stop smelling the wrong rose.

Fer
If you do not like it, just get out of this thread, no fuss.
Regards
  • #47,736
  • Nov 5, 2007 7:02am Nov 5, 2007 7:02am
200EMA on 1 hour and 50EMA on the 4hr charts still holding....who knows it might bounce away from them later......but I could be wrong...1 hr momentum are quite bullish
  • #47,737
  • Nov 5, 2007 7:04am Nov 5, 2007 7:04am
Quoting cesare76fx
It is funny! humans... you are lucky if you get a thanks when they make money, loose money and for that they are ready to kill you!!
Very good description - it's a human nature! I too closed my shorts with meager profit at 238.77 . But it's the price I had to pay by too much getting observed in other's opinion, Aus, you're hypnotizing us! Hehe. Let's have a forward testing with new techique so that we can enjoy our life and trading
  • #47,738
  • Nov 5, 2007 7:04am Nov 5, 2007 7:04am
Quoting cybernut39
Hi guys, who ever is complaining about thier losses, have no one to blame but their selves. You press the button to make the trade, deal with it.
cybernut:

True. And with that piece of advise in mind, because I was in
doubt at the beginning of the day, I placed a mini long and it was in
profit before the move down occured. Later GBP news was negative for the pound. This, no doubt, contributed to the shorts we are seeing.
GBP/JPY, AUD/JPY and gold often work in sync too.
  • #47,739
  • Nov 5, 2007 7:05am Nov 5, 2007 7:05am
Quote:
Originally Posted by fer http://www.forexfactory.com/images/buttons/viewpost.gif
Dont be an ass li**er.
There are many traders in here trying to follow Auslancos previous methods. I mean even his 15 minute strategy gave a trade he didnt take himself because he was stuck with his longs and all his longs talk. He claims he changed his stop loss initially to a new stoploss at 238.20 and then he claims he doesnt have a stop loss or rather a stop loss to 210? And on top of that being rude and pointing out to Karmo he has taken a Short on usd/jpy which was the only winning trade so far today compared to both gbp/usd and gbp/jpy which he is running considerable loss so far. Come on. Open your eyes matey. Stop smelling the wrong rose.

Fer


Gosh, for a minute there I thought I was in the Cable Update Thread.

Sounds like you have suffered a loss and you obviously have no sense of humour. My intuition is telling me that you are a female so go wash your hair and put some lipstick on and buy yourself a nice dress and leave the trading to the men.

Comments like yours really get on my nerves - loser.
Nothing worth having is easy.
  • #47,740
  • Nov 5, 2007 7:08am Nov 5, 2007 7:08am
Quoting privatefr
not what Aus, or Karmo or ANYONE tells...

I understand Karmo frustration, because he was 100% sure of his shorts, but closed influenced by Aus opinion...

At the end Aus can be correct, because his stop loss and trading style is different, but you cant trade anyone opinion...it is a sure way to a disaster.

Believe...I am telling this from my own heart and experience...

In the past i followed some AMAZING good traders, like Aus, and ending losing money, because they new what they were doing, and I didn't know.

I learned the lesson... and I am not trading Forex since 1, 2 or 3 years...


i agree with you in all what you said my friend.
everyone have to makeand develope his own style in trading that is the way to make continuesly profit in 4x .
38 traders viewing now