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Auslanco 15min GBP/JPY startegy

  • #421
  • Nov 12, 2007 11:41am Nov 12, 2007 11:41am
Quoting et_phonehome_2
I have noticed by looking back in time, we will at times miss quite a few trades if we only take trades above/below the daily pivot point. Is anyone following the rules in its entirety? I know the rules is to get the best possible entries to minimize losses....
For me personally, the signals don't have to "generate" while on the right side of the pivot point. But before I actually take the trade, price has to move convincingly to the correct side of it. Otherwise I don't consider it a 15min trade, just a scalp, and I don't expect the full amount of pips from it. It can turn on me anytime with that kind of setup, even though there can be pips to make.
  • #422
  • Nov 12, 2007 4:22pm Nov 12, 2007 4:22pm
I have seen the following setup frequently, I just need a confirmation. If the GBPJPY is below the DailyPivot as shown by (1), Momentum is below the 0 line, the QQE60 is under the 50 line, but the QQE60 blue line is still above the dotted signal line. Is this considered a valid trade or should I still wait for the blue line to cross under the dotted line though it's already under the 50 line?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_15M.jpg Size: 128 KB
  • #423
  • Nov 12, 2007 7:01pm Nov 12, 2007 7:01pm
Quoting et_phonehome_2
I have seen the following setup frequently, I just need a confirmation. If the GBPJPY is below the DailyPivot as shown by (1), Momentum is below the 0 line, the QQE60 is under the 50 line, but the QQE60 blue line is still above the dotted signal line. Is this considered a valid trade or should I still wait for the blue line to cross under the dotted line though it's already under the 50 line?
The QQE60 bearish condition is when the solid line (in your case blue) is under the dashed line. The 50 line can be ignored. Our original QQE60 indicators didn't even have a 50 line. The 50 line cross over is only used with the QQE1 and QQE5 on the 15min chart. 1hr and 4hr QQE's (both QQE5's) both use the same crossing logic as the QQE60. This is the usual meaning of a QQE "cross over".

By the way, your chart does show the QQE60 crossed down (solid line below the dashed line). It appears to have crossed down one or two candles back. Of course, it was below it at the time your arrows are pointing to . . . maybe that's what you were referring to.
  • #424
  • Nov 12, 2007 7:36pm Nov 12, 2007 7:36pm
Quoting Pips_Cruiser
The QQE60 bearish condition is when the solid line (in your case blue) is under the dashed line. The 50 line can be ignored. Our original QQE60 indicators didn't even have a 50 line. The 50 line cross over is only used with the QQE1 and QQE5 on the 15min chart. 1hr and 4hr QQE's (both QQE5's) both use the same crossing logic as the QQE60. This is the usual meaning of a QQE "cross over".

By the way, your chart does show the QQE60 crossed down (solid line below the dashed line). It appears to have crossed down one or two candles back. Of course, it was below it at the time your arrows are pointing to . . . maybe that's what you were referring to.
I miss be missing something here. On my chart where the arrow is at the QQE60 at point 1, the solid blue line is above the dashed line [the purple circle around it]. For any short entries on the 15M TF, the solid blue line must be under the dashed line for the QQE60 no matter when I decide to take the signal. The solid blue line actually went below the dashed line at point 2 [the green circle around it].

I was pointing the above out only to say what happens if I missed the initial entry? Should I just treat it like re-entering another position as outlined in the document?

Thanks,
ET
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_15M.jpg Size: 135 KB
  • #425
  • Nov 12, 2007 8:07pm Nov 12, 2007 8:07pm
Quoting et_phonehome_2
I miss be missing something here. On my chart where the arrow is at the QQE60 at point 1, the solid blue line is above the dashed line [the purple circle around it]. For any short entries on the 15M TF, the solid blue line must be under the dashed line for the QQE60 no matter when I decide to take the signal. The solid blue line actually went below the dashed line at point 2 [the green circle around it].

I was pointing the above out only to say what happens if I missed the initial entry? Should I just treat it like re-entering another position as outlined in the document?

Thanks,
ET
Okay, I re-read what I wrote, and in the last sentence I should have said that at the place where you have the arrow the solid line was "above" the dashed line. So it was bullish at that point in time, but bearish in the most recent two or three candles.
  • #426
  • Nov 12, 2007 8:43pm Nov 12, 2007 8:43pm
Quoting et_phonehome_2
I was pointing the above out only to say what happens if I missed the initial entry? Should I just treat it like re-entering another position as outlined in the document?

Thanks,
ET
What I see is that at point #1 you didn't "miss" a short entry. There was no short entry to make, because the QQE60 was bullish at the time. The signals would have been more complete six candles later, when the QQE60 crossed bearish. But if you check the 1hr chart you'll see that the 1hr QQE5 was bullish at the time (solid line over the dashed line) so that wouldn't be a good short signal.
  • #427
  • Nov 12, 2007 8:49pm Nov 12, 2007 8:49pm
Quoting Pips_Cruiser
What I see is that at point #1 you didn't "miss" a short entry. There was no short entry to make, because the QQE60 was bullish at the time. The signals would have been more complete six candles later, when the QQE60 crossed bearish. But if you check the 1hr chart you'll see that the 1hr QQE5 was bullish at the time (solid line over the dashed line) so that wouldn't be a good short signal.
Now if things had been all lined up for a short signal at point #2, then you would have made a normal trade. No re-entry logic involved, just a regular short 15min trade.
  • #428
  • Nov 12, 2007 8:59pm Nov 12, 2007 8:59pm
Pips Cruiser

I have noticed that whenever the 5EMA crosses the Gann, if its under the GANN line, one can usually go short and vice versa for a long. If one waited for the QQE60 cross of the solid blue line with the dashed line, it is somewhat a late entry. There are very few false moves with this EMA/Gann cross....

In the chart I posted with the arrows of entry and actual cross for the 15M TF, it we just take the EMA/Gann cross for a short [EMA under Gann line] - that's almost 170+ PIPs before the QQE60 came into play [solid blue line crossing down the dashed line].
  • #429
  • Nov 12, 2007 9:20pm Nov 12, 2007 9:20pm
Quoting et_phonehome_2
Pips Cruiser

I have noticed that whenever the 5EMA crosses the Gann, if its under the GANN line, one can usually go short and vice versa for a long. If one waited for the QQE60 cross of the solid blue line with the dashed line, it is somewhat a late entry. There are very few false moves with this EMA/Gann cross....

In the chart I posted with the arrows of entry and actual cross for the 15M TF, it we just take the EMA/Gann cross for a short [EMA under Gann line] - that's almost 170+ PIPs before the QQE60 came into play [solid blue line crossing down the dashed line].
I think the market conditions during the past few days have been tough for the 15min strategy. Sharp drops and rises, that sort of thing. I can see what you're saying about the Gann / 5sma right now. But I'm not sure if that would hold up over time . . . maybe it would. You wouldn't be the first to add personal touches to this trade, and there's nothing wrong with that unless you blame others for the results (which I doubt you would). It's a fairly complex strategy, and everyone doesn't like everything about it. I follow the basics but don't necessarily exit trades when it says, or run them during the hours it says, and minor stuff like that. There's room for creativity, that's for sure.
  • #430
  • Nov 13, 2007 1:16am Nov 13, 2007 1:16am
hello
in the website u said we should use qqe 60 qqe 5 qqe 1
but in the thread u said qqe 60
and about the level stop reverse do we use the system 2 with the 9 and 3 or the new atr periods 28 and 2
thank u
  • #431
  • Edited 3:57am Nov 13, 2007 2:44am | Edited 3:57am
Quoting anthonykay
hello
in the website u said we should use qqe 60 qqe 5 qqe 1
but in the thread u said qqe 60
and about the level stop reverse do we use the system 2 with the 9 and 3 or the new atr periods 28 and 2
thank u
Hello. I really should know which platform you're using, because of some differences between MT4 and VT.

But the 15min chart uses QQE60, QQE5, and QQE1. The other charts (like 30 min, 1hr, and 4hr) just use QQE5. On VT the QQE60 is part of the QQE alert system, so you don't have to attach a regular QQE60 to the chart.

The LSR is version 2 (or modified) and the ATR setups are 28 and 2. You'll have a different LSR depending upon which platform you use.
  • #432
  • Nov 13, 2007 11:22am Nov 13, 2007 11:22am
Until I found this thread I have been practicing with Raghee Horner's " 34ema and macd system. This system has to be used on 1hr and 4 hr tf. With a $2000 sum to trade with the GJ was out of my range because of the SL.

But after I managed to get the gann, QQE, MOM,50sma and 100sma set up on MT4 -I applied the 34ema and MACD to Aus's system and it works like reading a book on the 5 and 15 tf!

The way it works is when the direction crosses the 34ema either up or down you can enter in that direction with hardly any SL at all. This must be verified by the MACD crossing 0. On the 5 min and 15 min you really need all Auslanco's additions avoid whip saws. You can see exactly which candle to enter on by waiting until the first or second candle closed above or below and enter on the next candle at that time.

This allows me to play the GJ pair! On Friday I took a deep breath and entered after a long consolodation on the 34. WOW!! I let it run until closing and got out and got in again yesterday. I have doubled my act. in 2 days!!

Raghee started trading stocks when she was 18 - 20 years ago. At that time you had to go through a broker. She had a lot of help learning to read charts by long term seasoned brokers that took an interest in her. (very pretty girl) She knows her stuff. I would have used her system all the way but didn't have the money so I bought her books. Since I am a Senior living on SS I have been looking for a way to apply her info at a level where I could afford the SL and still make enough $ to grow. GJ is the perfect marriage for my starting funds to grow the fastest.
  • #433
  • Nov 13, 2007 6:49pm Nov 13, 2007 6:49pm
Let's pre-suppose that the GBPJPY was long since the prior session, and the QQE5 never crossed back down [solid blue never crosses dashed line]as we go into the Asian Session nor did it ever touch the 50 line, how can you use this system to enter? We do not know how far it will go if at all if we jump in many candles later....
Attached Image
  • #434
  • Nov 13, 2007 9:09pm Nov 13, 2007 9:09pm
Quoting et_phonehome_2
Let's pre-suppose that the GBPJPY was long since the prior session, and the QQE5 never crossed back down [solid blue never crosses dashed line]as we go into the Asian Session nor did it ever touch the 50 line, how can you use this system to enter? We do not know how far it will go if at all if we jump in many candles later....
I think your last sentence answered the question for you. We don't have a very good idea at that point whether a trade would still be profitable or not. It hasn't been thoroughly researched for time limits, plus it's difficult to know how many pips are still left in the upward swing.

Ideally of course, you'd notice a 15min trade at the very beginning before price takes off. This allows you to wait for a good entry point. If you miss that, and price starts soaring, you have to make a judgment call. Would it be best to enter right now, or wait for the first retrace? I've handled it differently at different times, and there's no sure answer for this one, either. You can be wrong either way. If you're trying to strictly follow the rules (or maybe we should call them guidelines), then you should wait for a retrace. But in reality, you might not get a good one.

Personally, I made 160 pips today off that move on your chart, starting at 228.75. After it went 100 pips I didn't know what it was going to do next. So I moved my SL above the entry point to lock it in 100 pips. Eventually I was almost 200 pips into profit, and adjusted the SL to lock in 160. That was soon hit on a retrace, so the trade ended. Later I noticed that price stopped at the 30min and 1hr 5sma points, and started up again. I entered another long, but I didn't really consider it a 15min strategy trade at that point. I think you're in this type of position now. You might have a good long trade, but it's probably a little late to call it a 15min strategy trade.

  • #435
  • Nov 14, 2007 1:12am Nov 14, 2007 1:12am
Quoting cybernan
Until I found this thread I have been practicing with Raghee Horner's " 34ema and macd system. This system has to be used on 1hr and 4 hr tf. With a $2000 sum to trade with the GJ was out of my range because of the SL.

But after I managed to get the gann, QQE, MOM,50sma and 100sma set up on MT4 -I applied the 34ema and MACD to Aus's system and it works like reading a book on the 5 and 15 tf!

The way it works is when the direction crosses the 34ema either up or down you can enter in that direction with hardly any SL at all. This must be verified by the MACD crossing 0. On the 5 min and 15 min you really need all Auslanco's additions avoid whip saws. You can see exactly which candle to enter on by waiting until the first or second candle closed above or below and enter on the next candle at that time.

This allows me to play the GJ pair! On Friday I took a deep breath and entered after a long consolodation on the 34. WOW!! I let it run until closing and got out and got in again yesterday. I have doubled my act. in 2 days!!

Raghee started trading stocks when she was 18 - 20 years ago. At that time you had to go through a broker. She had a lot of help learning to read charts by long term seasoned brokers that took an interest in her. (very pretty girl) She knows her stuff. I would have used her system all the way but didn't have the money so I bought her books. Since I am a Senior living on SS I have been looking for a way to apply her info at a level where I could afford the SL and still make enough $ to grow. GJ is the perfect marriage for my starting funds to grow the fastest.

What MACD value you use and a chart screenshot would make it easier to understand .... as I'm still learning this Auslanco 15min strategy.
Thanks
  • #436
  • Nov 14, 2007 7:03am Nov 14, 2007 7:03am
MACD - - 5 24 1. The cross over 0 matches the MOM and QQE. Just another verification of Aus. But Raghee just uses default. This morning was great on the 5 min.
  • #437
  • Nov 14, 2007 11:30am Nov 14, 2007 11:30am
Quoting cybernan
MACD - - 5 24 1. The cross over 0 matches the MOM and QQE. Just another verification of Aus. But Raghee just uses default. This morning was great on the 5 min.
Hi CB! I would like to know ALL indicators Raghee use since I'm very new in this (fx trading).http://www.forexfactory.com/images/icons/icon12.gif
  • #438
  • Nov 14, 2007 2:52pm Nov 14, 2007 2:52pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Hi Sri
hope this helps

Attached File(s)
File Type: doc Auslanco's 1m & 15m system.doc   324 KB | 1,875 downloads


Attached File(s)
File Type: doc Auslanco.doc   421 KB | 1,253 downloads


Attached File(s)
File Type: mq4 Pivot Points.mq4   10 KB | 1,090 downloads


copy the pivot indicator into the indicator folder in MT4, then restart it.

add the pivot to the required chart, once applied you can change the setting(inputs) by right clicking on any of the pivot lines on the chart.

pivot set refers to
1- daily
2 - weekly
3 - Monthly

you then set the DayStartHour to suit you broker, i.e for me london is 14.

hope this helps.

MPP

you will also find i have posted templates for MT4 in either this thread or the 4h stratagy thread

http://forexfactory.com/showthread.php?t=41509

they finish with .tpl, use the paperclip to find them - good practice.
  • #439
  • Nov 14, 2007 9:35pm Nov 14, 2007 9:35pm
Hey Auslanco,

I know this is totally off topic, but I had to ask.
Do you manage Forex funds? A couple of investors are looking to start up a Forex club to manage funds for clients. Would you be interested in trading for them?

If you are interested please send me a PM.
  • #440
  • Nov 15, 2007 10:47am Nov 15, 2007 10:47am
Quoting MPP
Hi Sri
hope this helps

Attachment

Attachment

Attachment

copy the pivot indicator into the indicator folder in MT4, then restart it.

add the pivot to the required chart, once applied you can change the setting(inputs) by right clicking on any of the pivot lines on the chart.

pivot set refers to
1- daily
2 - weekly
3 - Monthly

you then set the DayStartHour to suit you broker, i.e for me london is 14.

hope this helps.

MPP

you will also find i have posted templates for MT4 in either this thread or the 4h stratagy thread

http://forexfactory.com/showthread.php?t=41509

they finish with .tpl, use the paperclip to find them - good practice.
I have done all you advised me to do and I got the chart (Ausy) at last, but I could only get the dots and not the arrows.
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