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

  • #49,741
  • Nov 12, 2007 9:54am Nov 12, 2007 9:54am
Quoting karmostaji
I don't know, I don't see any signs of reversal or trend changing yet.
my target is 221.80. The long-term 50.0 fib drawn from June 2005.
TRADE FOR SWAP
  • #49,742
  • Nov 12, 2007 9:55am Nov 12, 2007 9:55am
I am long, and getting my clock cleaned! I never take a trade that, from a MM standpoint, cannot sustain a 500 pip loss--but geezz--even I am about to reach my squeal point. Can anyone tell me, fundamentally, why GU is tanking so bad? GU news was positive this morning. This thing is so far away from hourly 100 EMA that Daniel Boone and a scout dog cannot find it!
  • #49,743
  • Edited 10:21am Nov 12, 2007 9:57am | Edited 10:21am
I think the credit crunch is now being felt and the consumer is going to go into a steady panic. I have a great credit rating but my Mastercard company said "no way" to a limit increase, despite me paying it all off in full for the last 10 years and being a consultant eye surgeon.

In short, next BoE move will probably be down.

Quoting FX-Petra
I am long, and getting my clock cleaned! I never take a trade that, from a MM standpoint, cannot sustain a 500 pip loss--but geezz--even I am about to reach my squeal point. Can anyone tell me, fundamentally, why GU is tanking so bad? GU news was positive this morning. This thing is so far away from hourly 100 EMA that Daniel Boone and a scout dog cannot find it!
TRADE FOR SWAP
  • #49,744
  • Nov 12, 2007 9:58am Nov 12, 2007 9:58am
Quoting FX-Petra
I am long, and getting my clock cleaned! I never take a trade that, from a MM standpoint, cannot sustain a 500 pip loss--but geezz--even I am about to reach my squeal point. Can anyone tell me, fundamentally, why GU is tanking so bad? GU news was positive this morning. This thing is so far away from hourly 100 EMA that Daniel Boone and a scout dog cannot find it!
http://img220.imageshack.us/img220/3696/gjzw5.gif
Trade what you see, not what you think.
  • #49,745
  • Nov 12, 2007 10:04am Nov 12, 2007 10:04am
Quoting karmostaji
http://img220.imageshack.us/img220/3696/gjzw5.gif

Karmo, I am very interested in your Gartley patterns. I'm now noticing them occuring all over the place. I posted a crude one on Friday done using the triangle tool and fibo retrace in MT4. How are you drawing yours? Are you using any special indicator?
  • #49,746
  • Nov 12, 2007 10:05am Nov 12, 2007 10:05am
Karmo,

Can you please explain the use of Red -rectangular box in your chart ?
  • #49,747
  • Nov 12, 2007 10:06am Nov 12, 2007 10:06am
Quoting Trumpcard
Karmo, I am very interested in your Gartley patterns. I'm now noticing them occuring all over the place. I posted a crude one on Friday done using the triangle tool and fibo retrace in MT4. How are you drawing yours? Are you using any special indicator?
I have an indicator that spots these patterns automatically on any TF, I just search for them and then wait for signs of reversal to enter the trade.
Trade what you see, not what you think.
  • #49,748
  • Nov 12, 2007 10:06am Nov 12, 2007 10:06am
to add insult to injury, the Dow is at +75, and GJ is totally ignoring it. Finally equities are giving a reason for retracement, but to no avail!
  • #49,749
  • Nov 12, 2007 10:07am Nov 12, 2007 10:07am
Quoting skyscraper
Karmo,

Can you please explain the use of Red -rectangular box in your chart ?
That is the area where the reversal should occur for that harmonic pattern.
Trade what you see, not what you think.
  • #49,750
  • Nov 12, 2007 10:08am Nov 12, 2007 10:08am
Quoting karmostaji
I have an indicator that spots these patterns automatically on any TF, I just search for them and then wait for signs of reversal to enter the trade.
hi karmo jan
how r u???
can you send ur indicator???
tks
  • #49,751
  • Nov 12, 2007 10:09am Nov 12, 2007 10:09am
yeh but when should we open a trade because the area of rectangular is large?
  • #49,752
  • Nov 12, 2007 10:10am Nov 12, 2007 10:10am
yeh but when should we open a trade because the area of rectangular is large?
Quoting karmostaji
That is the area where the reversal should occur for that harmonic pattern.
  • #49,753
  • Nov 12, 2007 10:14am Nov 12, 2007 10:14am
Quoting FX-Petra
to add insult to injury, the Dow is at +75, and GJ is totally ignoring it. Finally equities are giving a reason for retracement, but to no avail!
Now it is +92. I have a feeling that whenever the people pushing so hard on this stop, it is going to pop up about 200 pips in 20 minutes.
  • #49,754
  • Nov 12, 2007 10:15am Nov 12, 2007 10:15am
Quoting revoli
Birdt - For the benefit of the uninitiated in the 5sma channel strat just talk me through your entry there.
Can't post any charts at the moment, so you'll have to look at your own to see what I mean.

Not sure whether it is a 'strategy' as such but I have personally found the 5sma channel on different time frames to pretty useful. I have been looking at the 15m channel, particularly at when a bar closes outside of the channel and what generally follows. I also have been watching what happens when price bounces off either the 5sma high (in a downtrend) or the 5sma low (in an uptrend) and what generally follows. If you look at the price action around these points and studied them hard with one currency pair, you could probably base a fairly profitable system around the 5sma channel alone, entering at the above points of interest, placing stop losses at the 15m 5sma high + 10 pips in a downtrend and taking profits when you see signs of reversal. If it is used in conjunction with some of the other Auslanco (Mom, QQE, some of the other MA's) methods it could become a very powerful system.

NB: This is just something that I have been playing around with, not really basing any trades on it yet and I don't recommend anyone else does without testing it throughly.
  • #49,755
  • Nov 12, 2007 10:16am Nov 12, 2007 10:16am
Mark, do you see this thing retracing to 235 level any time this week?
  • #49,756
  • Nov 12, 2007 10:21am Nov 12, 2007 10:21am
Maybe 219 first before 235......even OS on most indicators, I think this time it won't bounce much.

Could we see another 500pips run down in the next 24hours?

Stay tune.
  • #49,757
  • Nov 12, 2007 10:21am Nov 12, 2007 10:21am
Quoting vinesh2
Mark, do you see this thing retracing to 235 level any time this week?
I think that depends on the news this week. If nothing bad happens, I could see us definitely going back over 230. I think civilization is about to collapse, and even I think this is an overreaction.
  • #49,758
  • Nov 12, 2007 10:26am Nov 12, 2007 10:26am
Quoting karmostaji
I have an indicator that spots these patterns automatically on any TF, I just search for them and then wait for signs of reversal to enter the trade.
Hi Karmo,
What indicator are you using? I've got the harmonic ZUP_20 but cant seem to get it working right. Do you mind sharing it with us here?

Cheers
  • #49,759
  • Nov 12, 2007 10:31am Nov 12, 2007 10:31am
Quoting xlr8
Hi Karmo,
What indicator are you using? I've got the harmonic ZUP_20 but cant seem to get it working right. Do you mind sharing it with us here?

Cheers
You need to allow DLL imports


ZUP_v67.mq4ZUP_v67.ex4
Attached File(s)
File Type: mq4 ZUP_v67.mq4   268 KB | 538 downloads
File Type: ex4 ZUP_v67.ex4   234 KB | 466 downloads
  • #49,760
  • Nov 12, 2007 10:31am Nov 12, 2007 10:31am
Quoting shahroodi
hi karmo jan
how r u???
can you send ur indicator???
tks
Hi shahroodi, sure here's the link since I can't attach it to this post for some reason http://download.yousendit.com/7BA13C044F83A340
Trade what you see, not what you think.
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