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

  • #184,101
  • Jul 8, 2009 4:45pm Jul 8, 2009 4:45pm
Quoting direct-trade
I'm still using the old Gann. Combined with a 5 SMA, QQE, a few trendlines and PA, it still works well for me.
Good one, mate. I ain't using the system, but there are few points, which full fill my system. Basically I have different entrance, but the PA inside any profitable system should look kinda the same: be it volume, ema crossing, RSI, whatever.
As for G/J: should be further pressuredown if the DP(149,7) holds with the targets of 146&144. BTW, check out the weekly Gann it may show the direction other way if it flips this week.
  • #184,102
  • Jul 8, 2009 4:46pm Jul 8, 2009 4:46pm
Quoting MykeFX
You can also C/O Auslanco's website for the strategy...

http://66.70.197.110/auslanco/4-1strategy.htm

Cheers...
Thanks, but I was just wondering what made him changing it and whether it was based on total ignorance on those basics...
  • #184,103
  • Jul 8, 2009 5:34pm Jul 8, 2009 5:34pm
Quoting 5ysfx
i agree with both of u but
my calculation point 136 for the current wave down(a), then retrace to 150 (wave b) and final touchdown around 90 (wave c) in this way we will draw one side of the head.

u know i am kidder

you know i was going on about a dj 5000 last week .....so 90 not out of the question ...lol
Blogging daily now at www.volume.zone
  • #184,104
  • Jul 8, 2009 7:22pm Jul 8, 2009 7:22pm
Quoting malcolmb14
you know i was going on about a dj 5000 last week .....so 90 not out of the question ...lol
lol if California's IOU's turn out to be a pre-emptive default notice then 6x.xx GJ is not outta the question
  • #184,105
  • Jul 8, 2009 7:59pm Jul 8, 2009 7:59pm
Quoting Eulogy
lol if California's IOU's turn out to be a pre-emptive default notice then 6x.xx GJ is not outta the question

Hjaaah...

California is TOO BIG to FAIL ......
  • #184,106
  • Jul 8, 2009 8:01pm Jul 8, 2009 8:01pm
Quoting Piters
Hjaaah...

California is TOO BIG to FAIL ......
True. I'm just worried how far they'll take that mantra before it soon becomes TOO BIG TO SAVE.
  • #184,107
  • Edited 9:04pm Jul 8, 2009 8:48pm | Edited 9:04pm
I haven't been posting much on this thread as I have moved on. But as my erstwhile stomping grounds I am repeating a post I made elsewhere.

----------

I notice that the hammer and hangman candle formation is used frequently here. For those on metatrader, I coded an indicator that shows hammer / hangman formations as well as a reversal formation I identified , I don't know if there is a name for it though.

Hammer / hangman candlesticks

I realize that we may have slightly varying interpretations as to the exact wick/body/tail ratios that should be used to "describe" a hammer or hangman, so I made this completely user-definable. I did take the liberty of pre-defining the attributes.

So the body, must not be more than 50% of the entire length, the top wick, must not be more than 10% of the entire body etc. Please feel free to change all these settings.

Reversal Formation.

I have noticed in studying the charts that when we come to the top of a trend, several times, we see two bull bars with higher highs, higher lows, followed by a bear bar whose low typically exceeds the low of the previous bull bar. This is a 3 bar formation. Vice versa for bottom formations.

Examples are given in the chart below.

Now because these formations also occur during a trend, I added a , cough, cough, stochastic overbought or oversold condition before a reversal formation is indicated. Yes, I know , not straight price action, but necessary to reduce false positives.

Feel free to make suggestions of other chart patterns. The reversal patterns appear most accurate on the daily chart for gbp/jpy.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-daily.gif Size: 16 KB
Attached File(s)
File Type: mq4 GH_Alert.mq4   9 KB | 508 downloads
  • #184,108
  • Jul 8, 2009 8:53pm Jul 8, 2009 8:53pm
...
How great life....GY up n down..Come 151.80 am wating for you next .
  • #184,109
  • Jul 8, 2009 8:56pm Jul 8, 2009 8:56pm
Quoting GodfreyH
I haven't been posting much on this thread as I have moved on. But as my erstwhile stomping grounds I am repeating a post I made elsewhere.

----------

I notice that the hammer and hangman candle formation is used frequently here. For those on metatrader, I coded an indicator that shows hammer / hangman formations as well as a reversal formation I identified , I don't know if there is a name for it though.

Hammer / hangman candlesticks

I realize that we may have slightly varying interpretations as to the exact wick/body/tail ratios...
thanks g man.
  • #184,110
  • Jul 8, 2009 8:59pm Jul 8, 2009 8:59pm
Quoting grashid
...
How great life....GY up n down..Come 151.80 am wating for you next .
I was actually waiting for a little bounce down from here.


edit but I was also hoping for this area to hold yesterday. Perhaps get burnt twice
  • #184,111
  • Jul 8, 2009 9:25pm Jul 8, 2009 9:25pm
Quoting GodfreyH
I haven't been posting much on this thread as I have moved on. But as my erstwhile stomping grounds I am repeating a post I made elsewhere.

----------

I notice that the hammer and hangman candle formation is used frequently here. For those on metatrader, I coded an indicator that shows hammer / hangman formations as well as a reversal formation I identified , I don't know if there is a name for it though.

Hammer / hangman candlesticks

I realize that we may have slightly varying interpretations as to the exact wick/body/tail ratios that...
son of God where have you been, oh nice to see u around again and drop some indi again like u use too...
u Give little and God reward u back big..stay bless
MY OPINION NOT FINANCIAL ADVISE
  • #184,112
  • Jul 8, 2009 10:54pm Jul 8, 2009 10:54pm
price is now between 61.8 and 76.4 daily fibo. let's see where the break will occur.

trade safe
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  • #184,113
  • Jul 8, 2009 11:08pm Jul 8, 2009 11:08pm
buying @ 149,72 s/l 148,70 tp 151.15
first buying position after long sell
thx to seller love you so much
pls notice i'm very2 newbie, only 2 year experience. don't compare me with another expert ok
Just Newbie Need Guidance From The Expert
  • #184,114
  • Jul 8, 2009 11:13pm Jul 8, 2009 11:13pm
Quoting NoviceInd
buying @ 149,72 s/l 148,70 tp 151.15
first buying position after long sell
thx to seller love you so much
pls notice i'm very2 newbie, only 2 year experience. don't compare me with another expert ok
What is your current buy decision based on ? I am new as well and want to learn
  • #184,115
  • Jul 8, 2009 11:20pm Jul 8, 2009 11:20pm
Quoting NoviceInd
buying @ 149,72 s/l 148,70 tp 151.15
first buying position after long sell
thx to seller love you so much
pls notice i'm very2 newbie, only 2 year experience. don't compare me with another expert ok

I am sell @ 150.10 sl lock in 5 pips after this chart ..
trade ur chart..PA still bearish and 150 -151 is a good sell again but anything can happen...me newbie 7 months experience
Attached Image
MY OPINION NOT FINANCIAL ADVISE
  • #184,116
  • Edited 2:47am Jul 9, 2009 2:26am | Edited 2:47am
shorting crew be very careful.shorting here..

PA seems very ugly.

Looks like ABC correction..ZigZag on 4Hr.. C?,,

Expecting all positive news too..

like I said before.. it will be a Volatile week,,next one as well.

Note . 150.50 is a strong resistence,, once broken will become Support!!
Markets are not Random, they are designed!
  • #184,117
  • Jul 9, 2009 2:34am Jul 9, 2009 2:34am
Quoting Raza
shorting crew be very careful.shorting here..

PA seems very ugly.

Looks like ABC correction..ZigZag on 4Hr.. C?,,

like I said before.. it will be a Volatile week,,next one as well.

3hrs 30 min position gone ..okay master....sl kick me out with 5 pips lock
MY OPINION NOT FINANCIAL ADVISE
  • #184,118
  • Jul 9, 2009 2:42am Jul 9, 2009 2:42am
with a fall like that during the US session its usual to expect a pullback and/or shortsqueeze. Not sure about gann line at the moment but we are below the channel that has defined PA for the last 3 months.
  • #184,119
  • Jul 9, 2009 2:46am Jul 9, 2009 2:46am
Looking at the 4hr chart, we're at a very interesting stage. Sitting just above 5sma which is also Daily Pivot. Gann sits at 151.90 and QQE crossed bullish. Next 4hr volume bar will hold the key for the day's events I think....
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.GIF Size: 24 KB


I mentioned yesterday that a rejection of Weekly Gann cross was likely and we can see it's crossed back up. Am now watching Weekly QQE carefully as it has the makings of turning bearish, sitting on the 50 line. If Weekly QQE crosses down, then next leg could be very big.
Attached Image (click to enlarge)
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Good trading everyone.
  • #184,120
  • Jul 9, 2009 2:51am Jul 9, 2009 2:51am
Quoting ukdaytrader
Looking at the 4hr chart, we're at a very interesting stage. Sitting just above 5sma which is also Daily Pivot. Gann sits at 151.90 and QQE crossed bullish. Next 4hr volume bar will hold the key for the day's events I think....
Attachment

I mentioned yesterday that a rejection of Weekly Gann cross was likely and we can see it's crossed back up. Am now watching Weekly QQE carefully as it has the makings of turning bearish, sitting on the 50 line. If Weekly QQE crosses down, then next leg could be very big.
Attachment ...
True about Gann..

Most I AM looking for Down SIDE is 143xx

For up side 163xx... and Higher.. I know its very hard to believe.
Markets are not Random, they are designed!
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