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

  • #49,241
  • Nov 9, 2007 7:19am Nov 9, 2007 7:19am
Quoting gene22

Yep ... I remember that, and I am very happy today.... cheers mate
  • #49,242
  • Nov 9, 2007 7:22am Nov 9, 2007 7:22am
Quoting auslanco
Daily 1C(main momentum ) was bearish. when The daily is bearish from the start of the daily candle, you should never take the opposite direction on smaller TF.
Thanks Aus for your reply - silly me was working with 10c on all timeframes

So if 1c is the main MOM on daily, what are the leading ones on other timeframes? 10c on 4h?... 1h?...15min?
Consistency and patience is everything
  • #49,243
  • Nov 9, 2007 7:23am Nov 9, 2007 7:23am
Quoting gene22
can i borrow your lamp gene.. ha ha spot on bro.. congrats.
  • #49,244
  • Nov 9, 2007 7:23am Nov 9, 2007 7:23am
since it was a down week.... why not taking profits today friday afternoon? does it make sense? I think it will retrace up
  • #49,245
  • Nov 9, 2007 7:26am Nov 9, 2007 7:26am
Quoting emda
since it was a down week.... why not taking profits today friday afternoon? does it make sense? I think it will retrace up
makes a lot of sense, I closed 50% of the positions and locked 100pips on the rest (not very far from here) let's see what happens next, I learnt my lesson well, never think you gonna miss the opportunity cause the price always retraces or gives you a second chance some how ... all the best for everyone
  • #49,246
  • Nov 9, 2007 7:27am Nov 9, 2007 7:27am
Quoting emda
since it was a down week.... why not taking profits today friday afternoon? does it make sense? I think it will retrace up
We probably reached the low of the day. But it takes balls to buy at this level.
  • #49,247
  • Nov 9, 2007 7:27am Nov 9, 2007 7:27am
Quoting gene22
pretty accurate so far.

man, what a bad night to get drunk. thats quite a lot of pips i missed out on

gene, when you say "if we get to the 234.8-235 area, this scenario will have more weight", u mean that passing this area will strengthen the possibility of the rally? could you just explain your intuition behind that

although i greatly appreciate your analysis, im trying to learn as much as i can so just quickly going through your thought process (like what chart patterns u observed) would help alot.
  • #49,248
  • Nov 9, 2007 7:28am Nov 9, 2007 7:28am
yes emda.. it sure will.. at least to 234.7 then to 235.8ish..

pretty profitable using aus's 15m level stop and reverse.

Quoting emda
since it was a down week.... why not taking profits today friday afternoon? does it make sense? I think it will retrace up
  • #49,249
  • Nov 9, 2007 7:29am Nov 9, 2007 7:29am
Quoting auslanco
this is not August unwinding.. there will be a retracemnt.. better to stay away during NY crazy friday.
Hey Aus,
I used your momentum setup last night after the GCI new D1 (daily candle) opened at 9pm pst (west coast Canada).
http://www.pnwenterprises.com/auslan...um_samples.htm
The setup/entry was perfect on the GCI platform and good enough on NF even though the new D1 had opened at 2pm.

Scored big time:
I just closed out all trades...428 pip profit in GCI and 433 in NF ... pretty darn exciting...am all clear for the weekend...woohoo.

Thanks for all the sharing you guys do!
Now going back to bed for a couple more hours sleep.

MP
  • #49,250
  • Nov 9, 2007 7:29am Nov 9, 2007 7:29am
Quoting intelmaster
wonder where markam went.. he sure would have loved to see that dip!
those on the 15m signal would have got pretty good pips if they never set TP

Yea, I got tired of watching the market do nothing and went to bed. Luckily, I had a couple of shorts in place. Unluckily, they had limits 150 pips above where we are now.
  • #49,251
  • Nov 9, 2007 7:30am Nov 9, 2007 7:30am
Quoting Kane Rai
We probably reached the low of the day. But it takes balls to buy at this level.
No it takes "a setup" to buy at this level, do you see a long setup ??? no .... then don't buy
  • #49,252
  • Nov 9, 2007 7:30am Nov 9, 2007 7:30am
Quoting Geldmeister
Thanks Aus for your reply - silly me was working with 10c on all timeframes

So if 1c is the main MOM on daily, what are the leading ones on other timeframes? 10c on 4h?... 1h?...15min?
someone just asked that on aus's thread for this system. apparantly, aus mentioned in one of his posts that the 1c is the main mom indicator.
  • #49,253
  • Nov 9, 2007 7:31am Nov 9, 2007 7:31am
Quoting gene22
so Gene, you are predicting a rebounce back to 238~239 from now to next week?

Thanks for more insights.
  • #49,254
  • Nov 9, 2007 7:33am Nov 9, 2007 7:33am
0900 EST to 0930 EST

Sorry cannot post chart...

Check current 30 min chart and last2 bars 15 min chart.

Momentum 30 min - bullish
momentum 1 st 15 min - bullish

the price comes closer to 30 min 5 sma,

Momentum 2nd 15 min.. - bearish

After get close to 30 min 5 sma, the price move down back...

Finally close at 233.06

My little observation, please correct me if ia wrong..
  • #49,255
  • Nov 9, 2007 7:34am Nov 9, 2007 7:34am
Quoting markam
Yea, I got tired of watching the market do nothing and went to bed. Luckily, I had a couple of shorts in place. Unluckily, they had limits 150 pips above where we are now.
Don't worry, more to come.
Humble Lifetime Member
  • #49,256
  • Nov 9, 2007 7:35am Nov 9, 2007 7:35am
Quoting zoheir
No it takes "a setup" to buy at this level, do you see a long setup ??? no .... then don't buy
100SMA on 1hr GU seems to hold. UJ not making lower lows (likely intervention at sub-111). QQE's in 4/1/30 timeframes oversold.
  • #49,257
  • Nov 9, 2007 7:37am Nov 9, 2007 7:37am
Quoting Kane Rai
100SMA on 1hr GU seems to hold. UJ not making lower lows (likely intervention at sub-111). QQE's in 4/1/30 timeframes oversold.
not a setup to me, actually I'm still short biased!!
  • #49,258
  • Nov 9, 2007 7:38am Nov 9, 2007 7:38am
Quoting Zoran
There is a historical SR line sitting at 241.06 so I'll be building shorts in the 240s. I already have some entries in the 239.90 area. Target could be another 1000+ pips down.

See chart (though there's nothing really important there apart from the purple line sitting at 241.06 (top of the chart). The grey shaded area is also a buildup of resistance. There is a Gann timepoint on 1st/2nd Nov so that could see a reversal.
Going back to the post above

http://www.forexfactory.com/showthre...42#post1691642

Those 1000 pips are nearing. Target is in the 231 region.
  • #49,259
  • Nov 9, 2007 7:40am Nov 9, 2007 7:40am
Quoting Geldmeister
Guys: to make one thing clear, I am NOT out to complain about AUS or his strategies. I much appreciate what he has contributed here. I am just trying to understand what's going on with MOM here and be happy enough to be told that I missed something in the equation.
Just so that people don't throw me in the pit with those who show up here and complain about AUS when one of his trades does not work.
Aus has pointed out a wonderful tool to aid the trade entries.
I understand it this way, Ic in higher time frame tells the direction of trend for that period after that i go to shorter time frame and refer 10c/14c for confirmation and 1c again in shorter frame for entry. Hope it helps!
den
  • #49,260
  • Nov 9, 2007 7:41am Nov 9, 2007 7:41am
Quoting VishalJ
Is anyone long on GU? That recent dip looked like a good buying opportunity.
I'm short from close to the top with a target 2.0665.
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