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Auslanco 15min GBP/JPY startegy

  • #381
  • Nov 6, 2007 8:26am Nov 6, 2007 8:26am
Quoting MPP
Looks the same as mine, only i'm assuming that the pink line is a 5SMA, if so where is the Gann hilo. or did you leave this and the pivot of to show the chart clearly?
thanks for your help MPP, yes I left gann off but I do use it ,It`s nice to finally have my charts set up right so I know what everyone is talking about.
By the way are most people just trading the gbp/jpy with this?
  • #382
  • Nov 6, 2007 8:32am Nov 6, 2007 8:32am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting randomlight
thanks for your help MPP, yes I left gann off but I do use it ,It`s nice to finally have my charts set up right so I know what everyone is talking about.
By the way are most people just trading the gbp/jpy with this?
there seems to be a mix out there, but most are based around Karmo, Aus and hakuna, personnally i can't be bothered to sit in front of my PC all the time, so i trend some pairs and use one of the others methods when i have time(still trying to learn HM and Karmo's way).
  • #383
  • Nov 6, 2007 10:31am Nov 6, 2007 10:31am
Auslanco, i am anew trader. my fx graph not appear sell/buy arrow/dot. pls guide me
  • #384
  • Nov 6, 2007 11:10am Nov 6, 2007 11:10am
Quoting nazas75
Auslanco, i am anew trader. my fx graph not appear sell/buy arrow/dot. pls guide me
If it doesn't disappoint you too much to work with someone besides Aus, let us know whether you're using MT4 or VT Trader as your platform. Thanks!
  • #385
  • Nov 6, 2007 11:30am Nov 6, 2007 11:30am
Quoting Pips_Cruiser
The other charts should have: QQE (smoothing factor 5), Momentum (10C), Gann HiLo Activator (10), 5sma (sma = simple moving average, the VT indicator is "Moving Average", price = close, periods = 5, and type = simple), 50sma, 100sma, and 200sma (same setups as 5sma, but with periods of 50, 100, and 200). It wouldn't hurt for the 15min chart to have all of these, also, along with the other unique things we've already dealt with.
what a great teacher,
next question, how do l set the times for the pivot points to london time and is there a particular time that l can set it to. and is it possible to change the clock on my vt chart to local time in London.

thanks in adavance
  • #386
  • Nov 6, 2007 11:42am Nov 6, 2007 11:42am
Quoting amankwa
is it possible to change the clock on my vt chart to local time in London.

thanks in adavance
Hi Amankwa. Hope all is going well.

Let's deal with the easy one first. I think you're stuck with EST for the time. I haven't found a way to convert it to local or GMT. But they're coming out with new versions all the time, and I haven't kept up with all the changes. Here's their online help site for documentation and manuals. You might want to take a look at what's available, and use it as a future reference.

http://vtsystems.com/en/help/
  • #387
  • Edited 10:25pm Nov 6, 2007 12:04pm | Edited 10:25pm
Quoting amankwa
what a great teacher,
next question, how do l set the times for the pivot points to london time and is there a particular time that l can set it to. and is it possible to change the clock on my vt chart to local time in London.

thanks in adavance
Pivot points are regular VT indicators, and VT has several to choose from. The one used for the 15min strategy is called "Pivot Points - Daily". You add it just like any other indicator, and it goes on your 15min chart. I usually just write down the pivot point and then remove it again, because it distorts the rest of the chart and hides the things I want to see.

The tricky part with pivot points is the setup. You have a different setup for each trading session, and it should be done near the beginning of each trading session. The parameter you change each time is the one called, "Calculate Pivot At Hour (EST)". This is basically a starting time. It should be set to 19 for Asian session, 03 for London, and 08 for New York. There is pretty good documentation available already for when to make this change, and what it should be set to. One good source is the new web site for Auslanco's strategies, which includes a page for the 15min strategy.

http://www.pnwenterprises.com/auslanco/

Here's what you change on VT for each new session. A small window pops up when you attach the pivot point to the 15min chart. You will change the first field only, so the price data is collected for the correct 24 hour period. For London, you change it at the start of their trading session, and you change it to "03" or "3" (London opening time in EST):
Attached Image
  • #388
  • Nov 6, 2007 12:30pm Nov 6, 2007 12:30pm
The way you look at pivot values after you've attached the indicator, is by clicking on the "Inspect" button on the bottom of the chart, and then moving the cursor to the last 15min candle. The inspect window will look something like this (below). The one called "Pivot Points - Daily Pivot Point" is the one you're after.

My screen shot shows the pivot values for the current New York session. Unlike other sessions, it doesn't get setup at the very beginning of the session. You wait until 11AM EST to change it, but when you do change it, you set it to 08 (or just a plain old "8" does the same thing). The other session changes are more straight forward, since the time you change them, and the time you set them to are the same. With New York you continue to use London pivots for awhile after it opens.

Once you get in the habit, it only takes a minute to figure out the new daily pivot point, and you'll know what time of day you need to change them. But they are confusing at first, and it might help if you have notes to follow.
Attached Image
  • #389
  • Nov 6, 2007 5:22pm Nov 6, 2007 5:22pm
Quoting Pips_Cruiser
The way you look at pivot values after you've attached the indicator, is by clicking on the "Inspect" button on the bottom of the chart, and then moving the cursor to the last 15min candle. The inspect window will look something like this (below). The one called "Pivot Points - Daily Pivot Point" is the one you're after.

My screen shot shows the pivot values for the current New York session. Unlike other sessions, it doesn't get setup at the very beginning of the session. You wait until 11AM EST to change it, but when you do change it, you set it to 08 (or just a plain old "8" does the same thing). The other session changes are more straight forward, since the time you change them, and the time you set them to are the same. With New York you continue to use London pivots for awhile after it opens.

Once you get in the habit, it only takes a minute to figure out the new daily pivot point, and you'll know what time of day you need to change them. But they are confusing at first, and it might help if you have notes to follow.
you have done it again, thanks mate .
  • #390
  • Nov 8, 2007 5:22am Nov 8, 2007 5:22am
Good Morning,

If one receives a signal to go long, must the QQE60 also be above the 50 line or is it good that the just as long the QQE60 crosses that dotted line [is that the RSI - do not recall]? I know that the doc also says that at least the QQE5 or QQE1 must be above the 50 line to take the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_15M.jpg Size: 158 KB
  • #391
  • Nov 8, 2007 5:34am Nov 8, 2007 5:34am
Quoting MPP
mine is at 40
it all in the posts i made earlier few pages back
Hi, Am just wading through the various threads to get up to speed on the 15 min strat. Any chance including a date in document file name so we know which is latest. I have at least three different versions of the 1min and 15 min Strategy doc. Its a b$%ger working out which is latest definitive version with correct settings.

Great thread. Well done Aus and the team.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #392
  • Nov 8, 2007 6:01am Nov 8, 2007 6:01am
Karmo, is this thing reversing I am short and its hurting daily candle closed at a trend changing levle but this thing touched 236 area and went right back up this is BS!
  • #393
  • Nov 8, 2007 6:19am Nov 8, 2007 6:19am
Quoting vinesh2
Karmo, is this thing reversing I am short and its hurting daily candle closed at a trend changing levle but this thing touched 236 area and went right back up this is BS!
it's not BS, it's normal
Trade what you see, not what you think.
  • #394
  • Nov 8, 2007 8:32am Nov 8, 2007 8:32am
Also, the BOE announced on rates. That's probably the cause of the spike.
  • #395
  • Nov 8, 2007 9:00am Nov 8, 2007 9:00am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting revoli
Hi, Am just wading through the various threads to get up to speed on the 15 min strat. Any chance including a date in document file name so we know which is latest. I have at least three different versions of the 1min and 15 min Strategy doc. Its a b$%ger working out which is latest definitive version with correct settings.

Great thread. Well done Aus and the team.
put all the doc's in to a folder and display them in detail view or look at properties, should give a created date, might help. but i will add a date to the top of the page.

also you can click the paperclip icon at the top of the thread, it will show all posted docs and the date of posting.

regards

MPP
  • #396
  • Nov 8, 2007 9:03am Nov 8, 2007 9:03am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting et_phonehome_2
Good Morning,

If one receives a signal to go long, must the QQE60 also be above the 50 line or is it good that the just as long the QQE60 crosses that dotted line [is that the RSI - do not recall]? I know that the doc also says that at least the QQE5 or QQE1 must be above the 50 line to take the trade.

just needs to have crossed the dotted line, above for long trades and below for short trades

QQE5 and 1 need to cross the 50line be above (long) or below (short) to take the trade
  • #397
  • Edited 10:58pm Nov 8, 2007 9:10am | Edited 10:58pm
Quoting et_phonehome_2
Good Morning,

If one receives a signal to go long, must the QQE60 also be above the 50 line or is it good that the just as long the QQE60 crosses that dotted line [is that the RSI - do not recall]? I know that the doc also says that at least the QQE5 or QQE1 must be above the 50 line to take the trade.
Hello. It needs to be crossed just like the doc describes it. This is a true "QQE cross over". The solid RSI index line crosses the dashed RSI slow line.

In the 15min strategy, the only case where QQE's just have to be above (or below) the 50 line, are with the QQE1 and QQE5 on the 15min chart. Every other reference to a QQE cross over refers to the type involved with QQE60. For instance, the 1hr QQE5 cross over. If the 50 line isn't mentioned when a cross over is described, this is the type it's referring to. When a very powerful 15min strategy is in progress, you'll have the 15min QQE60, the 1hr QQE5, and the 4hr QQE5 all crossed over in the same direction this way. It doesn't really matter whether they're above or below the 50 line.

Incidently, when the solid line reaches 70 it is considered to be in "over bought" territory, and when it reaches 30 it is in "over sold" territory. This can happen near the end of a bull run or a bear run, respectively.
  • #398
  • Nov 8, 2007 9:11am Nov 8, 2007 9:11am
Anyone going to enter on the touch of the 5ma???? I know Karmo doesn't like to trade on the 15m during the US session. Can't say I blame him.
  • #399
  • Nov 8, 2007 9:13am Nov 8, 2007 9:13am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Nostrathomas
Anyone going to enter on the touch of the 5ma???? I know Karmo doesn't like to trade on the 15m during the US session. Can't say I blame him.
it's actually one of Auslanco's rules not to trade the US session, if you look at the doc you will see the trading times.
  • #400
  • Nov 8, 2007 9:25am Nov 8, 2007 9:25am
Thanks MPP. You are correct. Sorry Karmo and Auslanco
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