Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 3459 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY, GBP/USD

Similar Threads

Auslanco-GBP/JPY Strength Indicator strategy 345 replies

Auslanco 15min GBP/JPY startegy 630 replies

My MT4 indicators for Auslanco's strategy 92 replies

Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies

Questions About Auslanco's Trades 72 replies

Attachments: Auslanco - GBP/JPY and GBP/USD (newstrade)
Exit Attachments

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

  • #69,161
  • Mar 17, 2008 3:10pm Mar 17, 2008 3:10pm
Quoting quecee5
I'm sue Karmo is okay, probably just busy with the wedding and all. . .
Have you tried over on his daily journal thread?
Whaat ? He is getting married ? "And me has no invitation ?"
  • #69,162
  • Mar 17, 2008 3:11pm Mar 17, 2008 3:11pm
Quoting Pirin
Whaat ? He is getting married ? "And me has no invitation ?"
That's old news man. . .LOL!
  • #69,163
  • Mar 17, 2008 3:17pm Mar 17, 2008 3:17pm
Quoting Pirin
Whaat ? He is getting married ? "And me has no invitation ?"
ya that is old news and i'm invited instead of all people in this thread

just kidding
  • #69,164
  • Mar 17, 2008 3:18pm Mar 17, 2008 3:18pm
Quoting quecee5
That's old news man. . .LOL!

what is ur target Q
  • #69,165
  • Mar 17, 2008 3:23pm Mar 17, 2008 3:23pm
Quoting SimonJ
How do I do it!? I call it the unbelievable hedge!
Sorry bro .. I can't help but laugh. You are just right at the top when buy and sell at the bottom. It is a very classic mistake we have all made
Hope it is not your real account.
If I were you I would wait for the right moment and choose one
  • #69,166
  • Mar 17, 2008 3:27pm Mar 17, 2008 3:27pm
WOW...... is all I can say.....

This is just insane.

To think I pretty much took Friday off and could have walked with about 500 + pips....... OH man.......

Hope all are enjoying the insanity.

Not much time to post with the twins and my son to play with.

I'll try to get back at my journal this week.

Q, you were talking waves.... I was looking at that myself.
You feeling a 5 wave correction to the upside before the 188 plummet ?
207 maybe ?

I guess it'll depend on tomorrows rate cut and reaction to that and what not.

wow.........

kj
  • #69,167
  • Mar 17, 2008 3:29pm Mar 17, 2008 3:29pm
Quoting dagoods
jaroo... i see the Double Bar High Lower Close (DBHLC) you point out.... which is very bearish ala james 16 method...... very nice price action analysis my friend...

but my question is this..... didnt james 16 say that the 2 highs must be at the same level....these are not?? although it is and inside bar...and i agree bearish looking price action..... it looks more like a LHLL or something...which also looks bearish.....

is this really what james 16 would call a DBHLC???? I know you have studied this alot so i value your opinion


regards
d
James16 probably would not consider this a DBHLC. But I have found that the highs (or lows) don't have to be the same. As long as they are within 10 to 20 pips, depending on the time frame.

What I have found out is that Price Action is more powerful when they agree with the current trend. Today's example. The current trend is obviously down when the 4 hour Inside Bar (candle) presented itself, I would not take the break of the top of that candle. The bottom break agreed with the trend, so I took that trade.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #69,168
  • Mar 17, 2008 3:38pm Mar 17, 2008 3:38pm
Quoting warta
what is ur target Q
No target bro, cashed out at the 195.50 from 192.77 for 273 pips. . . Didn't like what I saw up there (rejection). . .

Now I'm flat looking for my next move. Good trading session all. . .
  • #69,169
  • Mar 17, 2008 3:43pm Mar 17, 2008 3:43pm
Quoting mktjong
Sorry bro .. I can't help but laugh. You are just right at the top when buy and sell at the bottom. It is a very classic mistake we have all made
Hope it is not your real account.
If I were you I would wait for the right moment and choose one
Gonna try to close first the long for at least break even because I'm sure the longer term trend is down. It's real account, micro lots, so it's just €10 euro loss, but 5% of account.
  • #69,170
  • Mar 17, 2008 3:45pm Mar 17, 2008 3:45pm
Quoting kujo17
WOW...... is all I can say.....

This is just insane.

To think I pretty much took Friday off and could have walked with about 500 + pips....... OH man.......

Hope all are enjoying the insanity.

Not much time to post with the twins and my son to play with.

I'll try to get back at my journal this week.

Q, you were talking waves.... I was looking at that myself.
You feeling a 5 wave correction to the upside before the 188 plummet ?
207 maybe ?

I guess it'll depend on tomorrows rate cut and reaction to that and what not.

wow.........

kj
Yeah, I still think we are in a 3 or 5 waves correction myself. But I already closed out my longs. Will get back in when I get a better confirmation. I still see the same targets 196.30/50 area, then 197.50/198 area. . .
  • #69,171
  • Mar 17, 2008 3:46pm Mar 17, 2008 3:46pm
Quoting quecee5
No target bro, cashed out at the 195.50 from 192.77 for 273 pips. . . Didn't like what I saw up there (rejection). . .

Now I'm flat looking for my next move. Good trading session all. . .
lol just took a move and lost 40 pips i hate range
  • #69,172
  • Mar 17, 2008 3:47pm Mar 17, 2008 3:47pm
Q, rode id up and down. 193.14 - 195.14 and then 195.50 - 194.50. Done for the day. I am thinking it may come down to 5SMA low on the 4hr or Daily S3 and then begin its leg up. Would be a nice opportunity for a counter trend move which is alwyas a risky move. Lot of people are talking about 125 basis points for tomorrow. This might tank the dollar initially and EURO might smash thru 1.60 and then maybe dollar will strenghten for next couple of week JMO
  • #69,173
  • Mar 17, 2008 3:47pm Mar 17, 2008 3:47pm
Quoting warta
lol just took a move and lost 40 pips i hate range
short or long?
  • #69,174
  • Mar 17, 2008 3:49pm Mar 17, 2008 3:49pm
Quoting quecee5
short or long?
short
  • #69,175
  • Mar 17, 2008 3:54pm Mar 17, 2008 3:54pm
Quoting vinesh2
Q, rode id up and down. 193.14 - 195.14 and then 195.50 - 194.50. Done for the day. I am thinking it may come down to 5SMA low on the 4hr or Daily S3 and then begin its leg up. Would be a nice opportunity for a counter trend move which is alwyas a risky move. Lot of people are talking about 125 basis points for tomorrow. This might tank the dollar initially and EURO might smash thru 1.60 and then maybe dollar will strenghten for next couple of week JMO
Nice trading today bro. . .
I'm going to sit on the sidelines for the news 2morrow and won't be trading during Asian session either. I'll wait for price to top out and perhaps catch a ride down when it finish ranging (maybe) = .

Made over 1,200 pips in basically 24 hours so I'll wait for the right opportunity to re-enter or look for one elsewhere. . .
  • #69,176
  • Mar 17, 2008 3:58pm Mar 17, 2008 3:58pm
Awesome Q, you are da man dude. Don't care what people say about you like a PimpMaster oh sorry PipMaster lol you are da best. BTW are you still shorting EUR?
  • #69,177
  • Mar 17, 2008 4:12pm Mar 17, 2008 4:12pm
Quoting quecee5
That's old news man. . .LOL!
Oh yeah, I remember he mentioned something after missing a while and showing again on the forum. Must of slipped my mind
  • #69,178
  • Mar 17, 2008 4:17pm Mar 17, 2008 4:17pm
Quoting jarroo
James16 probably would not consider this a DBHLC. But I have found that the highs (or lows) don't have to be the same. As long as they are within 10 to 20 pips, depending on the time frame.

What I have found out is that Price Action is more powerful when they agree with the current trend. Today's example. The current trend is obviously down when the 4 hour Inside Bar (candle) presented itself, I would not take the break of the top of that candle. The bottom break agreed with the trend, so I took that trade.

thanks you for the wonderufl insight into price action my friend as u say the ONLY true leading indicator!


thanks for the teachings!


regards


d
  • #69,179
  • Mar 17, 2008 4:38pm Mar 17, 2008 4:38pm
Quoting quecee5
Nice trading today bro. . .
I'm going to sit on the sidelines for the news 2morrow and won't be trading during Asian session either. I'll wait for price to top out and perhaps catch a ride down when it finish ranging (maybe) = .

Made over 1,200 pips in basically 24 hours so I'll wait for the right opportunity to re-enter or look for one elsewhere. . .
I'm with you on that.
  • #69,180
  • Mar 17, 2008 4:45pm Mar 17, 2008 4:45pm
Quoting vinesh2
Awesome Q, you are da man dude. Don't care what people say about you like a PimpMaster oh sorry PipMaster lol you are da best. BTW are you still shorting EUR?
No, I closed my EU short on the retrace on last Friday down to 1.55730 area. . . for a +60 pips or so. . .
30 traders viewing now