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

Quoting shahroodi

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hi M2B
glad to see here again.....how r u mate????
i wish the best for you and may god bestow grace on you

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Quoting my2buoys

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I am simply stating what the Bible has been declaring for a long time.

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Quoting gimp

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I cannot believe what I'm reading. What has religion got to do with global economy?!?

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Quoting karmostaji

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This thread keeps evolving from chicken discussions to anything and everything, lol.

Good to see you M2B.

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Quoting gimp

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I cannot believe what I'm reading. What has religion got to do with global economy?!?

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Quoting Spanishfly

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Hello arezeb,

Let me ask you somthing.. Would you sell everytime when the Stochs are overbought and buy everytime when the stochs are oversold? Have you ever studied the Auslanco's Momentum strategy?
Let me tell you somthing. I have been trading various markets over 8 years now. I have tried over 100 different strategies and almost all the MT4 indicators availble in the world. I was one of the creators of the Auslanco's 15 min strategy based on his 4hr/1hr strategy. I'm not some noob who talks from my A$$. I can tell you honestly ,I havent come across anything even closer to the Mmentum strategy. It's the perfect tool to predict the future market movements. Today's GBP/JPY fall was writen all over on the 12hr Momentum from the London session and supported by weekly 14C, Daily 14C and Monthlly 1C,10Cand 14C. .
Your 10C is useless without the 5sma channel 1C and 14C. So before you laugh at the Momentum indicator learn the full strategy. Because right now , I'm laughing at your stupidity.

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Quoting my2buoys

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My, my, my. Looks like I missed quite the philosophical/political/world-ending-economics discussion yesterday. It's been a while since I have checked in, but I feel to go ahead and weigh in on this current world-wide trauma we are experiencing. First of all, I truly appreciate Markam's perspective to a certain point. Where I disagree, and tend to lean more toward Dagoods view, is based upon this: What good does it do to go ahead and hoard gold, silver and other precious metals simply because all the currencies of the world are going flat? How is the value of precious metals calculated if not in the number of dollars, yen, pounds etc it is worth? What good does it do to hoard what is considered to be the most valuable commodities at the moment if there is nothing you can purchase with those commodities in the future? If I have a cave full of gold but there is no food to buy then the gold does me no good and the gold, in essence, becomes valueless. It is true that we are in a downward trend of a cycle, but what Markam says is also true, that the entire world is being affected by this cycle. As someone mentioned earlier, we are indeed on the verge of another world war. I am not preaching doom and gloom by stating that, I am simply stating what the Bible has been declaring for a long time. (And for those of you who are atheists or agnostics you can skip the rest of this if you'd like.) When England and America began pruning God out of their laws and their political consciences the ultimate conclusion was evident. You can talk about the gold standard, central banks, hedge funds and the JP Morgans of the current world all you want, but the reason things are bad is because the countries of the world who once had a deep reverence and respect for the Almighty have turned their backs on Him one by one. Call me Pollyanic if you desire, but history bears out the fact that the 'greatest' civilizations of the past ultimately fell as a result of their personal indulgences and their deification of humanity. Hoarding will never result in any good. The principle of "Give and it shall be given unto you" still applies today. The law of 'sowing and reaping' is an eternal law which applies to all aspects of life, not just farming. If you hold on to the seeds in your hand you will eat for a while, but if you broadcast those seeds you will see a future harvest. The scripture signature at the bottom of my posts which I have been using since I began in Forex Factory, will forever remain true. World War III is on its way, folks, but for those who continue to trust in God to supply their needs, and continue to apply the law of sowing and reaping in their daily lives, there is no fear of the future. Well, that's enough to digest for now. You can write it off as a message from a religious kook or you can take it heart.

M2B

PS- Gotta go for now. I'm on my way to church.

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Quoting capetown

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I am a daily reader of this thread. I admire most of You like Karmo, You, Auslanco and others who give agreat opportunity to people who are willing to learn about this pair more and all of You share their experiences.
I am using Aus 1H and 4H strategies, but I have to admit that I make sometimes a wrong decisions when to enter a trade by ( I believe ) not using proper Momentus. If i can ask, where I can read more about Momentus strategy? Sorry if I ask wrong and incorrect question?
I would like to add also one great experience, that I had demo account for 7 months, now I trade live, but there is a big difference when I do tradereal money, because of our psychology and MM and other personal aspects. This is my observation which I learned in 3 months and dtill trying to improve.
Thanks for any great advices so far.
Take care.

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Quoting malcolmb14

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Very interesting posting ... and that is from an Engineer ( i have some grey zones).

Here is something along those lines. Astronomy.

A guy I trade with is into trading by atrological cycles.

He called me on March 12th and said something major is happening today at 14:50 pacific standard , venus is passing thru the sign pisces . ' I think gbpjpy is going down' he says

well I watched the charts , as 2 previous time he had down this his calls were 100 % accurate. ( an there were no technicals saying his calls were going to be right, in fact one of them I argued with him for a long time that he was wrong , and I consider my self a good chartist)

sure enough 14:40 gbpjpy dropped 90 pips in 5 minutes !!! not typical for this time of day . From there it continued down another 150 pips.

Now here is the uncanny thing the time of the phone call 8 am . I have looked and looked at the charts upside down , sideways etc to see if I would have seen this trade. The answer I came up with is no.

Gann talks about the phases of the moon in his studies Geometry, that we all use in charting came from Egyptians. Their belief in gods and planets , leads me to believe that geometry and astrology are interlinked at many different levels.

'In the beginning geometry was a collection of rules for computing lengths, areas, and volumes. Many were crude approximations derived by trial and error. This body of knowledge, developed and used in construction, navigation, and surveying by the Babylonians and Egyptians, was passed to the Greeks. The Greek historian Herodotus (5th century B.C.) credits the Egyptians with having originated the subject, but there is much evidence that the Babylonians, the Hindu civilization, and the Chinese knew much of what was passed along to the Egyptians."

Just an interesting , thought provoking post.

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Quoting ovaforty

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One good way is to study the relationship between price action, volume, etc. between the momentum indicator and the 5 sma channel. I use the 5 sma high,low,open and close. By watching the charts, you can see where the candles open and close above or below. Watch where the price retraces to.

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Quoting capetown

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Thanks for the advice.
It is another point, because I am using 5 SMA, but only close. I will add it to my charts as well if *I can bother You about price action. I can repeatedly reda about it, but I still do not understand that meaning. is it any indicator, because I do not see it on VT4?
Again sorry if I give " silly " question?
Thanks again.

Marcel

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Quoting capetown

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Thanks for the advice.
It is another point, because I am using 5 SMA, but only close. I will add it to my charts as well if *I can bother You about price action. I can repeatedly reda about it, but I still do not understand that meaning. is it any indicator, because I do not see it on VT4?
Again sorry if I give " silly " question?
Thanks again.

Marcel

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Quoting mktjong

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After a more careful observation, even from the last week chart, the momemtum 10C & 14C indicator tells to go long, but see what it ended up :
Have to be very careful to use whatever kind of indicators. It only gives you a more odds on your side, never a leading. Some traders combine it with other confirmations to add another odds on their side, that's all.
I think we should never ever claim any kind of indicator as a leading price direction of the future. If it is, everybody is a winner.

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Quoting shahroodi

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see link below for momentoms
http://www.forexfactory.com/showthread.php?t=54585
and link below for price action

http://www.forexfactory.com/showthread.php?t=2331

i hope these be usefull for you

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Quoting nikkipip4

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I believe Aus has suggested that the 1c momentum is the one that works the best at the beginning of the timeframe to predict what it will do. As with all indicators that isn't true all the time, but as the chart suggests the 1c is the one that correctly said that the currency would be going down. If i remember correctly Aus has said on a weekly it may take until the end of the week to happen. It takes study as with anything worthwhile. Just my humble opinion. Correct me if I am wrong please.

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Quoting mansaf6

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well I THINK THIS DATA MUST HAVE been lagging because i links i use every week to keep track of movements on weekends are not showing much movement and are around 200.00

http://money.cnn.com/data/currencies/index.html

http://www.oanda.com/

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