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Auslanco 15min GBP/JPY startegy

  • #581
  • Edited 11:11am Jun 10, 2008 2:03am | Edited 11:11am
Quoting kathyloh25
Hello, please confirm if my chart set up is okay. I'm new to FF, this chart is at 14.40GMT, daily pivot at 205.47. I am using MT4. Any response will be much appreciated. Thanks to Auslanco and those who contribute to this forum.
Hi kathyloh,

Your MA's, QQE's, and Gann HiLo all appear to be setup correctly.

You might want to double check your Level Stop Reverse to make sure it's setup with ATR Periods = 28 and ATR Multiplier = 2.75.

You should have the daily pivot setup according to this post:

http://www.forexfactory.com/showpost...postcount=2041

The QQE thread would be a good place to post your pivot point this week, and get a second opinion on how correct it is. Hope all goes well!

  • #582
  • Jun 11, 2008 1:18am Jun 11, 2008 1:18am
Quoting Pips_Cruiser
Hi kathyloh,

Your MA's, QQE's, and Gann HiLo all appear to be setup correctly.

You might want to double check your Level Stop Reverse to make sure it's setup with ATR Periods = 28 and ATR Multiplier = 2.75.

You should have the daily pivot setup according to this post:

http://www.forexfactory.com/showpost...postcount=2041

The QQE thread would be a good place to post your pivot point this week, and get a second opinion on how correct it is. Hope all goes well!

Hi, Pips_Cruiser

Thanks for helping me confirm my chart setting.
  • #583
  • Jun 11, 2008 2:09am Jun 11, 2008 2:09am
Quoting kathyloh25
Hi, Pips_Cruiser

Thanks for helping me confirm my chart setting.
You're very welcome. Best wishes!
  • #584
  • Edited 11:19pm Jun 17, 2008 9:04pm | Edited 11:19pm
Quoting Rumplestilts
Thank you...!!!
If you haven't done so already, you might want to read through this thread:

http://www.forexfactory.com/showthread.php?t=63831

  • #585
  • Sep 30, 2008 4:08am Sep 30, 2008 4:08am
Can someone give me the correct link to auslancos' link, it's not working. Thanks
Gene
  • #586
  • Sep 30, 2008 6:14pm Sep 30, 2008 6:14pm
Quoting gefanvi
Can someone give me the correct link to auslancos' link, it's not working. Thanks
Gene
Hi Gene: I am the guy who put the site together. Here is the address right now, it is numeric ip address as my domain name expired (long story) and I haven't come up with a new one yet.

http://66.70.197.110/auslanco/

Rod
Trade what you see, not what you think.
  • #587
  • Sep 30, 2008 6:33pm Sep 30, 2008 6:33pm
Maestr2, Thanks I'm most certain that it took a lot of time and dedication to put something like that together and to benefit strangers! WOW You're awesome and a wonderfull person.
Gene
  • #588
  • Sep 30, 2008 6:56pm Sep 30, 2008 6:56pm
Quoting gefanvi
Maestr2, Thanks I'm most certain that it took a lot of time and dedication to put something like that together and to benefit strangers! WOW You're awesome and a wonderfull person.
Gene
No problem at all, my little contribution to the cause, since I am still a newbie trading wise.
Trade what you see, not what you think.
  • #589
  • Sep 30, 2008 7:51pm Sep 30, 2008 7:51pm
forgive me for posting uj chart here, but the trading room is having difficulty posting charts.
Attached Image (click to enlarge)
Click to Enlarge Name: 7.gif Size: 18 KB
  • #590
  • Sep 30, 2008 9:32pm Sep 30, 2008 9:32pm
Quoting maestr2
Hi Gene: I am the guy who put the site together. Here is the address right now, it is numeric ip address as my domain name expired (long story) and I haven't come up with a new one yet.

http://66.70.197.110/auslanco/

Rod
Nice work..... Thank you very much....

ET
  • #591
  • Oct 1, 2008 5:42am Oct 1, 2008 5:42am
Quoting maestr2
Hi Gene: I am the guy who put the site together. Here is the address right now, it is numeric ip address as my domain name expired (long story) and I haven't come up with a new one yet.

http://66.70.197.110/auslanco/

Rod
thanks nice work
  • #592
  • Oct 9, 2008 3:34pm Oct 9, 2008 3:34pm
go Long Now!!!

target 193 Confirmed
  • #593
  • Feb 2, 2009 9:56pm Feb 2, 2009 9:56pm
I'am not getting the dot when I get a buy or sell signal.I'am using vt demo trading .Somebody please help me out .
  • #594
  • Feb 5, 2009 12:31am Feb 5, 2009 12:31am
Quoting abhilash
I'am not getting the dot when I get a buy or sell signal.I'am using vt demo trading .Somebody please help me out .
Have you downloaded and imported the QQE_alert.vttrs file? That's the first step. It's a system as opposed to an indicator. After downloading and saving it, go through:

Tools / Trading Systems Builder / Import to bring it into VT Trader.

Then right click on your 15 minute G/J chart, choose Add Trading System and pick QQE_alert from the list. Make sure it's set with a smoothing factor of 60 in Properties.
Attached File(s)
File Type: vttrs QQE_alert.vttrs   2 KB | 500 downloads
  • #595
  • Edited 2:50am Feb 10, 2009 1:48am | Edited 2:50am
Hello,

after reading this thread I found that Auslanco dismissed the condition that price has to be above/below daily pivot in the latest version of his strategy. What do you think? Do you still consult the daily pivot before entering a trade? If price fluctuates around daily pivot, do you wait for a clear breakout before you enter?
  • #596
  • Feb 11, 2009 10:33pm Feb 11, 2009 10:33pm
Quoting puduman
Hello,

after reading this thread I found that Auslanco dismissed the condition that price has to be above/below daily pivot in the latest version of his strategy. What do you think? Do you still consult the daily pivot before entering a trade? If price fluctuates around daily pivot, do you wait for a clear breakout before you enter?
Here’s the strategy from 2 years ago, posted on this thread:

http://www.forexfactory.com/showpost...&postcount=453

Here’s the strategy from 1 year ago, posted on his blog.

http://www.auslanco-15.blogspot.com/

They look about the same to me and both use the daily pivot. If a newer version exists, I’d prefer reading through the whole strategy before commenting on it. Others probably would too. If you can post a link, please do.
  • #597
  • Feb 12, 2009 12:26am Feb 12, 2009 12:26am
Thanks for your answer!

Hm, that's strange. I could swear, I read another version without the daily pivot. Can't find it now. Chances are I just overread it once and thought Auslanco dismissed it. Never mind.

One more thing: I only had fake signals this week. Furthermore I get only about one signal a day max. with the 15m Auslanco strategy. To those of you trading with this strategy: Do you experience the same? I'm not sure if it's due to market's indecision, wrong indicator adjustements or simply me not knowing how to deal with situations.
  • #598
  • Feb 12, 2009 12:47am Feb 12, 2009 12:47am
Quoting puduman
Thanks for your answer!

Hm, that's strange. I could swear, I read another version without the daily pivot. Can't find it now. Chances are I just overread it once and thought Auslanco dismissed it. Never mind.

One more thing: I only had fake signals this week. Furthermore I get only about one signal a day with the 15m Auslanco strategy. Do you think this may be due to market's indecision, wrong indicator adjustements or simply just me not knowing how to deal with situations?
It's kind of hard to answer some of this, when I don't see your setups and I don't know what time you're at your computer and trading. Here's an extract from his blog (the second link I posted):

"Best Times to trade :

After 01.00AM EST( 06.00GMT) to 11.00AMEST(16.00GMT)

Things to remember:

Before you enter a trade, please check for a good profit to loss ratio to the next support or resistance level (TP level). If not do not take the trade..

This system is not the holy grail in Forex. There will be many losing trades during the ranging markets.. Always make sure to secure some pips every 30 to 40 pip move and move your stop loss forward.

This strategy is developed only for GBP/JPY pair. However there are some trader who use different settings on the same strategy for other pairs. You are more than welcome to experiment things.

You must not trade this strategy until you are fully comfortable trading this on a demo account.. There are manymore things such as indicator behaviors, timing etc etc you will learn only by studying the price action on your own charts.. "

The strategy definitely isn't made for ranging markets. The past 24 hours or so GJ has been ranging. During most of the first half of the week, price was above the 1hr 100sma so you wouldn't have had a true short signal. The big move down happened during NY and Asian sessions, which aren't recommended times. It looks like it has been a tough week to catch a good signal with this strategy.
  • #599
  • Feb 12, 2009 2:08am Feb 12, 2009 2:08am
Quoting Pips_Cruiser
Things to remember:

Before you enter a trade, please check for a good profit to loss ratio to the next support or resistance level (TP level). If not do not take the trade..

This system is not the holy grail in Forex. There will be many losing trades during the ranging markets.. Always make sure to secure some pips every 30 to 40 pip move and move your stop loss forward.

The strategy definitely isn't made for ranging markets. The past 24 hours or so GJ has been ranging. During most of the first half of the week, price...
Thank you very much, that answers my questions.

I'm not that good yet in chart interpretation. I recognize ranging markets only after a little while. Furthermore I'm still somewhat impatient which makes it hard for me to watch the charts all day long without trading. Your post helps me expanding my set of rules. Thank you very much!
  • #600
  • Mar 28, 2009 10:50am Mar 28, 2009 10:50am
Pips Cruiser

Hi u r here from the begining , could u say this strategy is worth it ? i read all the pages and i prepared my MT4 , will test it live !
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