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

  • #57,681
  • Jan 8, 2008 12:00am Jan 8, 2008 12:00am
Quoting fourxtrader
I see some downside setting up........
watching for a bounce off the trend line.

i'm making a note to myself i learned a valuable lesson here from pipscruiser.... when the triangle gets thin and close, i e we get into a very narrow traading range.... scalps are a bad idea! best stragey is karmo patience pills in this situation and wait for the explosion like queecee and the other greats here...

Thanks PC!

ps cloing my short for small loss
  • #57,682
  • Jan 8, 2008 12:09am Jan 8, 2008 12:09am
Good Morning All Bullish Gann crossovers on all smaller TFs from 4hr to 15min. Still munching on Patience Pills...never tasted so good
  • #57,683
  • Jan 8, 2008 12:21am Jan 8, 2008 12:21am
Quoting forexnovice
Good Morning All Bullish Gann crossovers on all smaller TFs from 4hr to 15min. Still munching on Patience Pills...never tasted so good
GM! Very good observation on the Ganns. The 4H is a favorite of mine, and it finally turned. Thanks!
  • #57,684
  • Jan 8, 2008 12:27am Jan 8, 2008 12:27am
Anybody heard from Karmo lately? Seems strange without him and his patience mantra. By the way, the fibs (from my calculations) from the last run down are: 23.6% is 217.03, 38.2% is 219.23 and 50% is 220.98. Good luck trading, all of you!
  • #57,685
  • Jan 8, 2008 12:29am Jan 8, 2008 12:29am
Quoting Pips_Cruiser
GM! Very good observation on the Ganns. The 4H is a favorite of mine, and it finally turned. Thanks!
Welcome. A question for all the members on this thread. How many are Seriously following Aus' 4hr/1hr strategy? Just curious as I rarely see any reference to his methods, most are focused on other systems which are great as well.
  • #57,686
  • Jan 8, 2008 12:34am Jan 8, 2008 12:34am
For those on the sidelines with no GJ position. . .
Attached Image (click to enlarge)
Click to Enlarge Name: 8hr updated.JPG Size: 207 KB
  • #57,687
  • Jan 8, 2008 12:36am Jan 8, 2008 12:36am
Quoting forexnovice
Welcome. A question for all the members on this thread. How many are Seriously following Aus' 4hr/1hr strategy? Just curious as I rarely see any reference to his methods, most are focused on other systems which are great as well.
I don't follow it exactly only because I don't use mt4 so I don't have all the indicators he uses. . .
  • #57,688
  • Jan 8, 2008 12:43am Jan 8, 2008 12:43am
Quoting forexnovice
Welcome. A question for all the members on this thread. How many are Seriously following Aus' 4hr/1hr strategy? Just curious as I rarely see any reference to his methods, most are focused on other systems which are great as well.
I don't see many references to it either, but I know some do look for it. I don't usually think to look for the strategy itself, but I do keep 1H and 4H time frames open and have QQE's with smoothing factor of 5 on each. I like to keep track of how they're crossed, and I use them in my trading decisions. Also the Ganns. 15 minute strategies happen more often, and seem to be more popular because of that.
  • #57,689
  • Jan 8, 2008 12:44am Jan 8, 2008 12:44am
Quoting forexnovice
Welcome. A question for all the members on this thread. How many are Seriously following Aus' 4hr/1hr strategy? Just curious as I rarely see any reference to his methods, most are focused on other systems which are great as well.
I definately reference it and try to follow but I have a hard time understanding how to interpret the momentum indicators
Has what you wanted to see made you blind?
  • #57,690
  • Jan 8, 2008 12:46am Jan 8, 2008 12:46am
Quoting dagoods
i'm making a note to myself i learned a valuable lesson here from pipscruiser.... when the triangle gets thin and close, i e we get into a very narrow traading range.... scalps are a bad idea! best stragey is karmo patience pills in this situation and wait for the explosion like queecee and the other greats here...

Thanks PC!

ps cloing my short for small loss
  • #57,691
  • Jan 8, 2008 12:56am Jan 8, 2008 12:56am
Quoting forexnovice
Welcome. A question for all the members on this thread. How many are Seriously following Aus' 4hr/1hr strategy? Just curious as I rarely see any reference to his methods, most are focused on other systems which are great as well.
Well I'm a noob, but I gueess Aus 4hr/1hr strategy is great for big moves, not in a ranging market. In the last couple of days even the 15min strategy gave unclear signals... so for now I stick to fibs, support and watch for news.
  • #57,692
  • Jan 8, 2008 12:57am Jan 8, 2008 12:57am
Thanx for the response guys.

Quecee . Aus has indicators for both Mt4 and Vt platforms.

Pip_cruiser..Agree with you on that. While following 4hr/1hr, I often have to take an overdose of the Patience pills but it works out more often than not.

Dunkan...I mostly rely on the momentum indicators for confirmation of my trades.
  • #57,693
  • Jan 8, 2008 1:02am Jan 8, 2008 1:02am
I opened a couple of postions a while ago at 215.74 and it's looking pretty good on the 1,2 and 4 hr charts right now its at 216.15
  • #57,694
  • Jan 8, 2008 1:04am Jan 8, 2008 1:04am
Quoting gimp
Well I'm a noob, but I gueess Aus 4hr/1hr strategy is great for big moves, not in a ranging market. In the last couple of days even the 15min strategy gave unclear signals... so for now I stick to fibs, support and watch for news.
Thanx Gimp. Fibs and S/R will do just great. I use a combo of that along with Aus strategy and price action for trading.
  • #57,695
  • Jan 8, 2008 1:05am Jan 8, 2008 1:05am
Quoting forexnovice
Welcome. A question for all the members on this thread. How many are Seriously following Aus' 4hr/1hr strategy? Just curious as I rarely see any reference to his methods, most are focused on other systems which are great as well.

I guess i developed my own strategy by now...taking what works for me from here and there...hope that isn't wrong but i still look at qqe and momentum and also stochs and I have replaced the old ones with Multi timeframe (MTF) as well but i dont trade with indicators anymore really they just confirm what i see and make me feel warm and fuzzy..... i use Trendlines instead of gann lines which to me are same thing with less lines on my chart which for a simpleton like myself = less confusion... So I guess what i do is another variation from aus strategy.... besides we all come here and I think its good we have diffrent variations and different takes.... healthy learning and good for seeing other points of view IMHO but I first came to this thread i made 400 pips my first 2 days following aus strategy...then i hit a 100 sl the next day... just to see it hit my sl and go back in my direction for another 300 pips.... (which i missed out on) so for what its worth... aus strategies can be pretty powerful sometimes.....
  • #57,696
  • Jan 8, 2008 1:07am Jan 8, 2008 1:07am
I sure hope you all are catchin some pipers right now!
  • #57,697
  • Jan 8, 2008 1:09am Jan 8, 2008 1:09am
Heading to 220 ...

R

Quoting quecee5
Looks pretty bullish to me as well and well supported by the 8hr 5 sma which happens to be ar'd the daily pivot. The only thing that would negate this is if we see a break of the bottom channel. A break of the bottom channel would be "BEARISH" IMO. . .
  • #57,698
  • Jan 8, 2008 1:09am Jan 8, 2008 1:09am
Quoting dagoods
I guess i developed my own strategy by now...taking what works for me from here and there...hope that isn't wrong but i still look at qqe and momentum and also stochs and I have replaced the old ones with Multi timeframe (MTF) as well but i dont trade with indicators anymore really they just confirm what i see and make me feel warm and fuzzy..... i use Trendlines instead of gann lines which to me are same thing with less lines on my chart which for a simpleton like myself = less confusion... So I guess what i do is another variation from aus strategy.... besides we all come here and I think its good we have diffrent variations and different takes.... healthy learning and good for seeing other points of view IMHO but I first came to this thread i made 400 pips my first 2 days following aus strategy...then i hit a 100 sl the next day... just to see it hit my sl and go back in my direction for another 300 pips.... (which i missed out on) so for what its worth... aus strategies can be pretty powerful sometimes.....
Yes I really. Great to hear you have developed your own strategy
  • #57,699
  • Jan 8, 2008 1:26am Jan 8, 2008 1:26am
Quoting Rocroy
Heading to 220 ...

R

thats quite a high target but... if cable closes 4 hour above 5 sma u never know....
  • #57,700
  • Jan 8, 2008 1:29am Jan 8, 2008 1:29am
Quoting dagoods
thats quite a high target but... if cable closes 4 hour above 5 sma u never know....
Hows 221?...or 222.60
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