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

  • #123,421
  • Oct 17, 2008 12:04pm Oct 17, 2008 12:04pm
higer rise is needed for another swing down, you just cannot stretch it without breaking it.
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #123,422
  • Oct 17, 2008 12:06pm Oct 17, 2008 12:06pm
My positions looks even better now. Move SL to +150.

Have a good weekend everybody.
Do not follow my trades. Trade what you see on your own charts.
  • #123,423
  • Oct 17, 2008 12:10pm Oct 17, 2008 12:10pm
TP at 176 on half longs, the rest still open with B/E only until the closing bell,
no open positions over weekend, I'm good enough for this week;
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #123,424
  • Oct 17, 2008 12:20pm Oct 17, 2008 12:20pm
Hi Every one,
I had sent private message too some body and got reply but just want more guidance if I can get and can start work on this weekend in new direction.
So here is my issue:

I am trying to work very hard on Aulascano strategy for 4h/1h and 15min mainly on EUR/USD and partially on GBP/USD and GBP/JPY
I could not make it work. Even I backed testing on it by selecting previous months then makr the time fram on 4h and then same time on 1h and go candle by candle,
I found that when 4H gives the signal to enter, either 1hr is already has given, and when I wait it to come back again for retracement and will give signal again
then in that case when 1hr retrace and try to come again in 4hr, the 4hr changes its direction. For example:
4hr crosses QQE5 up, candle closes above Gann-HiLo, now 1Hr QQE already had crossed the 50 line now I wait to retrace it down and then go up again but when it
comes down the 4hr changes its direction to down too.

Now 15 min, when QQ60 crosses up, I wait for QQ5 to cross 50, most of the time when it crosses 50 line up, very soon it comes back and my trade becomes red most of
the time.

What I am doing wrong please guide me. It looks I join the trade very late, because when I join, the trade is changing its direction and most of the time I could
not see where is trend, My 95% trades go first negative 10 to 30 pips then few of them come in profit after long time or most crosses 50 or 100 pips against me on
EUR/USD.

There are many versions of Aulascano strategy, the website it is refered for strategy, is no longer active now. I work on Meta-trader for charts, please can you
guide me or correct me what I am doing wrong or give me some tips? I dont go after every trade, I can work on big time frame but I just want to be accurate, at least
my 70% - 80% trade should be +ve or at least on back testing but whatever I make my strategy even it is failed on back testing too.
Pease can you guide me some basic strategy on which I can build the building after practicing and learning.

Thanks for your time and will wait for your reply:
If somebody wants to email me my email is [email protected]
  • #123,425
  • Oct 17, 2008 12:34pm Oct 17, 2008 12:34pm
Auslanco's system is discretionary, it is not a 'magic bullet'. It sounds like you are looking for something that you can set & forget.

The best is to spend some time on this thread, it will take a few weeks to get to know the various posters here. Check this post:
http://www.forexfactory.com/showpost...stcount=123402

The auslanco method is constantly evolving, not everyone in here follow it but most use it in some way, as you continue to monitor the posts here, you will gradually learn trading methods that will make you money.



Quoting 786 trading
Hi Every one,
I had sent private message too some body and got reply but just want more guidance if I can get and can start work on this weekend in new direction.
So here is my issue:

I am trying to work very hard on Aulascano strategy for 4h/1h and 15min mainly on EUR/USD and partially on GBP/USD and GBP/JPY
I could not make it work. Even I backed testing on it by selecting previous months then makr the time fram on 4h and then same time on 1h and go candle by candle,
I found that when 4H gives the signal to enter, either 1hr is already has given, and when I wait it to come back again for retracement and will give signal again
then in that case when 1hr retrace and try to come again in 4hr, the 4hr changes its direction. For example:
4hr crosses QQE5 up, candle closes above Gann-HiLo, now 1Hr QQE already had crossed the 50 line now I wait to retrace it down and then go up again but when it
comes down the 4hr changes its direction to down too.

Now 15 min, when QQ60 crosses up, I wait for QQ5 to cross 50, most of the time when it crosses 50 line up, very soon it comes back and my trade becomes red most of
the time.

What I am doing wrong please guide me. It looks I join the trade very late, because when I join, the trade is changing its direction and most of the time I could
not see where is trend, My 95% trades go first negative 10 to 30 pips then few of them come in profit after long time or most crosses 50 or 100 pips against me on
EUR/USD.

There are many versions of Aulascano strategy, the website it is refered for strategy, is no longer active now. I work on Meta-trader for charts, please can you
guide me or correct me what I am doing wrong or give me some tips? I dont go after every trade, I can work on big time frame but I just want to be accurate, at least
my 70% - 80% trade should be +ve or at least on back testing but whatever I make my strategy even it is failed on back testing too.
Pease can you guide me some basic strategy on which I can build the building after practicing and learning.

Thanks for your time and will wait for your reply:
If somebody wants to email me my email is [email protected]
  • #123,426
  • Oct 17, 2008 12:36pm Oct 17, 2008 12:36pm
Quoting malcolmb14
here is YM chart check out the bullish div on rapid rsi at double bottom

It ended day right at the 38% fib extension of the 1-2-3 buy formation . If 8963 breaks tomorrow we could see 9443 ... not good for gj shorts

it is option expiry tomorrow .. that is going to create a VERY volatile market

the volume today was higher than average ... so not sure where you got the low volume day from ?

Attachment

somewhat right on YM ... completely wrong on gj timing ...lol ... I thought 2 pm today 180 ..... likely will not even make it to 178
Blogging daily now at www.volume.zone
  • #123,427
  • Oct 17, 2008 12:41pm Oct 17, 2008 12:41pm
Quoting 786 trading
Hi Every one,
I had sent private message too some body and got reply but just want more guidance if I can get and can start work on this weekend in new direction.
So here is my issue:

I am trying to work very hard on Aulascano strategy for 4h/1h and 15min mainly on EUR/USD and partially on GBP/USD and GBP/JPY
I could not make it work. Even I backed testing on it by selecting previous months then makr the time fram on 4h and then same time on 1h and go candle by candle,
I found that when 4H gives the signal to enter, either 1hr is already has given, and when I wait it to come back again for retracement and will give signal again
then in that case when 1hr retrace and try to come again in 4hr, the 4hr changes its direction. For example:
4hr crosses QQE5 up, candle closes above Gann-HiLo, now 1Hr QQE already had crossed the 50 line now I wait to retrace it down and then go up again but when it
comes down the 4hr changes its direction to down too.

Now 15 min, when QQ60 crosses up, I wait for QQ5 to cross 50, most of the time when it crosses 50 line up, very soon it comes back and my trade becomes red most of
the time.

What I am doing wrong please guide me. It looks I join the trade very late, because when I join, the trade is changing its direction and most of the time I could
not see where is trend, My 95% trades go first negative 10 to 30 pips then few of them come in profit after long time or most crosses 50 or 100 pips against me on
EUR/USD.

There are many versions of Aulascano strategy, the website it is refered for strategy, is no longer active now. I work on Meta-trader for charts, please can you
guide me or correct me what I am doing wrong or give me some tips? I dont go after every trade, I can work on big time frame but I just want to be accurate, at least
my 70% - 80% trade should be +ve or at least on back testing but whatever I make my strategy even it is failed on back testing too.
Pease can you guide me some basic strategy on which I can build the building after practicing and learning.

Thanks for your time and will wait for your reply:
If somebody wants to email me my email is [email protected]
Hi,

becareful using aus's 15 min strategy in ranging market. it doesn't work well when the market is in that condition. even aus, himself, told us this. i personally think 1/4hr strategy works better than 15 min. anyway, don't be discouraged because you had seen negetives. always remember, money management is the key in this business and couple of patient pills.

here's the link to auslanco's site:
http://66.70.197.110/auslanco/

good luck bro.
  • #123,428
  • Oct 17, 2008 12:42pm Oct 17, 2008 12:42pm
any one care to share a raw copy of diamond indicator
Imanuel Parsifal
  • #123,429
  • Oct 17, 2008 1:37pm Oct 17, 2008 1:37pm
Quoting 5ysfx
im still holding my two longs from 17310 and 17430
Direction is up as long as S&P500 is above 900 points
Primary target is 180 (enough for me)


But todays 100 pips range drive me nuts.
Maybe London fix give us a clue.
Moved SL to 17575 for both position

locked +265pips = ~5%
locked +145pips = ~3%

at least 8% without stress


Have a nice weekend all
  • #123,430
  • Oct 17, 2008 1:51pm Oct 17, 2008 1:51pm
and sl hit, congrats
  • #123,431
  • Oct 17, 2008 2:42pm Oct 17, 2008 2:42pm
Ok, finished for the day. I tried a few scalps that surprisingly worked out
No clear direction on the GY that I can see although some others in here seem pretty sure where she will head next.

On Sunday the game is on again...

Have a good weekend everyone!
  • #123,432
  • Oct 17, 2008 2:46pm Oct 17, 2008 2:46pm
...proved its worth: That was volatile on the Dow. Next week? Is that a doji candle I see?? Bulls get ready to get slaughtered. Nice weekend all.
http://www.fazed.com/files/1/7/DieAnotherDay2.jpg
  • #123,433
  • Oct 17, 2008 2:46pm Oct 17, 2008 2:46pm
"Latte Bet" for the Sunday Gap

1 mini-lot south.

See you all next week!

B
  • #123,434
  • Oct 17, 2008 3:09pm Oct 17, 2008 3:09pm
have a nice weekend everyone
  • #123,435
  • Oct 17, 2008 3:34pm Oct 17, 2008 3:34pm
have a great weekend everyone

what a volatile day on the DJ ... looks like the option expiry Friday puts covered and they renewed their put positions in next motnsh options ... big drop at close. ..
Blogging daily now at www.volume.zone
  • #123,436
  • Oct 17, 2008 3:41pm Oct 17, 2008 3:41pm
Quoting ukvipersden
...proved its worth: That was volatile on the Dow. Next week? Is that a doji candle I see?? Bulls get ready to get slaughtered. Nice weekend all.
See you in Hell Dow Bulls

http://tf.org/images/covers/TheDescent-1.jpg
  • #123,437
  • Oct 17, 2008 8:50pm Oct 17, 2008 8:50pm
Worth reading. . .

http://www.actionforex.com/fundament...2008101764876/

In currencies, the main measure of risk aversion is weakness in JPY-crosses, like EUR/JPY, AUD/JPY, and GBP/JPY, also called carry trades. When fear reigns, JPY-crosses get hit hard; as fear subsides, JPY-crosses are likely to rally. Those pairs hit their nadirs on Thursday/Friday of last week and have since recovered and stabilized. We look for the JPY-crosses to continue to move higher in coming weeks as credit markets normalize further and investor fears diminish. We stay with our preferred strategy of buying JPY-crosses on dips, which may be substantial as stocks attempt to stabilize. But we are also beginning to see more concrete signs that a bottom has formed in many JPY-crosses and that a surge to the upside may be in store. On the Ichimoku charts, GBP/JPY is set to close above the Tenkan line (174.00), the fastest-moving line in the system, signaling a potential change in direction higher and initially targeting the Kijun line at 181.72. AUD/JPY has similarly closed above the daily Tenkan line (69.43), opening potential up to the Kijun line at 76.67. NZD/JPY has also made a close above the daily Tenkan line at 61.77, targeting a possible move to 65.72. USD/JPY has also closed above its Tenkan line at 100.60, opening up potential to 102.97 initially. Only EUR/JPY and CAD/ JPY have failed to close above their respective Tenkan lines at 136.99 and 88.13, perhaps representing an opportunity should they play catch-up next week. Keep in mind that the Ichimoku levels cited above will change slightly next week, but the overall impression is that a significant base is forming.
USD likely to weaken against all others but JPY

One of the major impacts of credit markets freezing up was a surge in the USD, as excess demand from money markets spilled into outright buying of spot USD in forex markets. This flow was augmented by safe haven plays that saw funds move into US Treasuries, which also created USD demand. As credit conditions ease further, so too should demand for USD, and this is likely to see the greenback move down to the lows of recent ranges. But USD weakness is likely to be most pronounced against all but the JPY, given our expectations of higher JPY-crosses. We would then look for EUR/USD, GBP/USD, AUD/USD and NZD/USD to all move higher, while USD/JPY is expected to gain relatively less ground, but still resulting in higher JPY-crosses.


Certainly the fundamental outlook does not bode well for the USD and the main reason the USD has managed to hold firm stems from market stresses rather than fundamental outlooks. Expectations for a follow-up Fed rate cut at the Oct. 29 meeting are likely to begin to hurt the USD in coming days, as a minimum 50 bps reduction gets is priced in. We look for EUR/USD to move to the 1.3750/3800 area initially, with corresponding levels in GBP/USD at 1.78/79 and in AUD/USD 0.76/77. In USD/JPY, the Kijun line at 102.97 may contain the upside again, but a daily close above there sees potential gains back to the 105/106 area.
  • #123,438
  • Oct 18, 2008 6:58am Oct 18, 2008 6:58am
This is bullish for GY. Aree you still bearish re-visit to the lows)?


Quoting quecee5
Worth reading. . .

http://www.actionforex.com/fundament...2008101764876/

In currencies, the main measure of risk aversion is weakness in JPY-crosses, like EUR/JPY, AUD/JPY, and GBP/JPY, also called carry trades. When fear reigns, JPY-crosses get hit hard; as fear subsides, JPY-crosses are likely to rally. Those pairs hit their nadirs on Thursday/Friday of last week and have since recovered and stabilized. We look for the JPY-crosses to continue to move higher in coming weeks as credit markets normalize further and investor fears diminish. We stay with our preferred strategy of buying JPY-crosses on dips, which may be substantial as stocks attempt to stabilize. But we are also beginning to see more concrete signs that a bottom has formed in many JPY-crosses and that a surge to the upside may be in store. On the Ichimoku charts, GBP/JPY is set to close above the Tenkan line (174.00), the fastest-moving line in the system, signaling a potential change in direction higher and initially targeting the Kijun line at 181.72. AUD/JPY has similarly closed above the daily Tenkan line (69.43), opening potential up to the Kijun line at 76.67. NZD/JPY has also made a close above the daily Tenkan line at 61.77, targeting a possible move to 65.72. USD/JPY has also closed above its Tenkan line at 100.60, opening up potential to 102.97 initially. Only EUR/JPY and CAD/ JPY have failed to close above their respective Tenkan lines at 136.99 and 88.13, perhaps representing an opportunity should they play catch-up next week. Keep in mind that the Ichimoku levels cited above will change slightly next week, but the overall impression is that a significant base is forming.
USD likely to weaken against all others but JPY

One of the major impacts of credit markets freezing up was a surge in the USD, as excess demand from money markets spilled into outright buying of spot USD in forex markets. This flow was augmented by safe haven plays that saw funds move into US Treasuries, which also created USD demand. As credit conditions ease further, so too should demand for USD, and this is likely to see the greenback move down to the lows of recent ranges. But USD weakness is likely to be most pronounced against all but the JPY, given our expectations of higher JPY-crosses. We would then look for EUR/USD, GBP/USD, AUD/USD and NZD/USD to all move higher, while USD/JPY is expected to gain relatively less ground, but still resulting in higher JPY-crosses.


Certainly the fundamental outlook does not bode well for the USD and the main reason the USD has managed to hold firm stems from market stresses rather than fundamental outlooks. Expectations for a follow-up Fed rate cut at the Oct. 29 meeting are likely to begin to hurt the USD in coming days, as a minimum 50 bps reduction gets is priced in. We look for EUR/USD to move to the 1.3750/3800 area initially, with corresponding levels in GBP/USD at 1.78/79 and in AUD/USD 0.76/77. In USD/JPY, the Kijun line at 102.97 may contain the upside again, but a daily close above there sees potential gains back to the 105/106 area.
Regards, Android.
  • #123,439
  • Oct 18, 2008 8:53am Oct 18, 2008 8:53am
Sup Ladies, and Gents. Been sick with a cold, weather changing here in NYC. Hope everyone's well. I did feel better with a few good pips.

Cheers cats and kittens
Patience + Humility + Study = Success
  • #123,440
  • Oct 18, 2008 9:26am Oct 18, 2008 9:26am
Quoting android
This is bullish for GY. Aree you still bearish re-visit to the lows)?
Yes, after this 3 wave correction ends which could extend above to 192 on a break above 181.40. . .

If price breaks thru 192 on a Holiday rally (Thanksgiving/Xmas) then 197/199 should be toppy for the pair. . .

Right now price seems to be basing for the short-term based on the weekly close but that could change next week when Ben Bernake takes the stage

Stay Tuned. . .

Worth Reading

http://www.actionforex.com/fundament...2008101864903/

Japanese Yen Forecast Remains Bullish on Financial Market Stress Fundamental Forecast for Japanese Yen: Bullish

  1. Japanese Yen Plunges Against Australian dollar on Return To Risk
  2. US Recapitalization Plan Fails to Sink Risk-Friendly Japanese Yen
  3. Japanese Demand Falters, Stokes Recessionary Fears

The Japanese Yen was one of the few currencies to lose against the US dollar through the past week of forex trade, as a marginal improvement in global risk sentiment and the US Dow Jones forced pullbacks in the Japanese currency. Yet the recent lull in financial market stress hardly suggests that the worst is over for global equity markets. We maintain our fundamentally bullish bias for the Japanese Yen, as cursory look at key credit and equity market indicators shows that conditions are far from normal. The spread between 3-month US Dollar London Interbank Offered Rates (LIBOR) and 3-month US Treasury Bills remains at an astounding 362 basis points. Prior to the onset of the subprime crisis in 2007, this same Treasury-Eurodollar spread averaged below 40 basis points. It remains all-too-clear that recent central bank actions have not yet forced significant improvements in interbank lending markets, and this will continue to raise borrowing costs and crimp corporate earnings through the foreseeable future.

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