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

  • #184,281
  • Jul 10, 2009 2:46pm Jul 10, 2009 2:46pm
we may close above the weekly gann..

have a great weekend guys.. have a look this great video... for FUN

Inserted Video



P..
  • #184,282
  • Jul 10, 2009 2:53pm Jul 10, 2009 2:53pm
daily is ranging and forming a symmetrical triangle
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  • #184,283
  • Jul 10, 2009 2:58pm Jul 10, 2009 2:58pm
ftse weak , nikkie weak , s&p holding 875 barely.

GJ next week if symmetry holds 140 ... by Thursday

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Blogging daily now at www.volume.zone
  • #184,284
  • Jul 10, 2009 3:03pm Jul 10, 2009 3:03pm
Quoting Piters
we may close above the weekly gann..

have a great weekend guys.. have a look this great video... for FUN

http://www.youtube.com/watch?v=XQcVllWpwGs


P..

i was on my way when i saw ya post on the funny tube...u made my day..
you all have a peaceful and Joyful weekend.
MY OPINION NOT FINANCIAL ADVISE
  • #184,285
  • Jul 10, 2009 5:10pm Jul 10, 2009 5:10pm
Quoting malcolmb14
ftse weak , nikkie weak , s&p holding 875 barely.

GJ next week if symmetry holds 140 ... by Thursday

Attachment
Good call last night.
"Don't trade to trade . . . trade to win." - James16
  • #184,286
  • Jul 10, 2009 5:23pm Jul 10, 2009 5:23pm
any of you guys using fxcm uk and can tell me is this safe to do. Is the platform and all just like the normal one. Good or Bad I would like to hear opinions.
Price does what price wants , I just need to be prepared.
  • #184,287
  • Jul 10, 2009 6:07pm Jul 10, 2009 6:07pm
Quoting malcolmb14
ftse weak , nikkie weak , s&p holding 875 barely.

GJ next week if symmetry holds 140 ... by Thursday

Attachment
Same here.
All US indexes turned very bearish on daily's on my charts.
The geppy bearily holded the weekly Gann, but it is comming close to potential fib time reversal zone(yellow vertical line) and I'll remind you guys, when it will flip on that yellow's
Have a save weekend
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  • #184,288
  • Jul 10, 2009 6:58pm Jul 10, 2009 6:58pm
Quoting pipsbull

I got it..., i finally got it!
Auslanco removed the strategy principle on the first page. So.... that's why no love for Gann this days on this thread. Alas.
Going to look for Karmo's thread, see if it didn't neglect it's basics.
Adios
Hi bull. The original first page of this thread didn't contain any Aus strategies. Those can be found in their own unique threads.

4 hour / 1 hour strategy (see post #1):

http://www.forexfactory.com/showthread.php?t=41509

15 minute strategy:

http://www.forexfactory.com/showthread.php?t=45076

Daily momentum strategy:

http://www.forexfactory.com/showthread.php?t=54585


By the way, here's a copy of the "old" page 1. You can also find it on page 5 and page 12 of this thread, where others have quoted him.

Dear traders....
I decided to start my own thread because there are some other great traders who can provide very valuable analysis of GBP/JPY on the other thread , and I feel that my trade calls are overshadowing those good analysis contributed by other experienced traders. This thread is mainly focused for new traders who want to learn my trading methods.

Money Management & Trading habits:
Maximum 2% risk per pair. What that means is when you calculate your stop losses your stop loss amount has to be within 2% of your account .If the trade goes against you, the maximum you will loose is 2% of your account. This way it also prevents you from getting panic attacks when the trade retrace against you resulting you close the trade pre maturely. If your desired stop losses do not come within 2% of your account don’t take that trade. As I always say, you may miss one trade but there are millions more to come.
You always have to calculate your risk every time before you enter your trades.
Your risk to profit ratio has to be minimum 1:1. That means if you are taking a 2% risk on a trade make sure your profit target would be at least 2%.
Always have realistic targets. My aim is 300 % capital growth per year. The lesser your target is lesser the risk of losing your own money. Even if you have 50% capital growth per year you are doing better than 90% of the worlds biggest hedge funds.
More trades you take the more you expose your account for losses. No trader in this world can profit from every single market move.
Patience plays a big part in trading. Take the trades only if you are at least 90% sure of profiting from it. If you are not sure stay away from the trade. Staying on the sideline is as good as winning.
Never trade against the trend. Specially with a high volatile pair like GBP/JPY. It may give you couple of winning trades. But it’s going to get you in the long run.
Always have a trading strategy ... make a habit to stick to it doesn’t matter how desperate you are. Always trust your strategy but not bloomberg or some statement from citibank. Don’t go with your gut feeling because 95% of the time your gut feeling is wrong.
Your charts are your forex bible. Everything what you need to know about forex is on your charts. You will learn something new everyday from you charts.
Specialize in one or two pairs. Every single pair has it’s own characteristics. No two pairs are the same. Don’t trade all the pairs your broker can offer. If you specialize in one or two pairs very soon you will be able to read the pair like a road map .
Stay away from the ranging markets. There will be enough of trend break outs on this pair than you ever want. Why take any extra risks trying to chase 20 pips on a ranging markets when you can grab 200 pips on a break out.
As Monarc mentioned traders are a greedy bunch. Less greedy once are the most successful once.
Don’t try to chase every single pip or market movement. Have a realistic weekly or monthly target as a percentage of your account . Not the number of pips. If you have already achieved that target stay away from the market. As I mentioned before.. the more you trade there is more risk of losing your money.
The losses are part of the game. Do not try to cover all your previous losses from your next trade. First your trading plan has to include at least 50% of losing trades. Then you can cut down on the number of losing trades while you gain experience and confidence.
When you start you must demo trade at least for the first 3 months to build a trading strategy. Then for the next 3 months trade on a demo account or a micro account and test your strategy coupled with a good money management strategy. When you are fully confident then trade with your real account.
Use minimum account leverage. Don’t abuse it. My recommendation for new traders is maximum one mini lot for every $2500 or one full lot for every $25000.
At last ... remember there is no easy way to become a good consistently profitable trader. No one can become a profitable trader overnight. As everything else in life it takes time, patience lots of sacrifices and learning. Don’t be afraid of mistakes.
It took me 8 months to make my first consistent $100 per week. Since then making money is like a walk in the park.

*****************************

Hope this helps. If you're wondering about how the Gann HiLo works, the 4 hour / 1 hour strategy thread might be a good reference. Have a great weekend!

  • #184,289
  • Jul 10, 2009 7:19pm Jul 10, 2009 7:19pm
Hi, Cruiser!
How's journey?
I have been following ths thread for about 20 months and as far as I recon there was original rules for Auslanco strategy on the first page. But could be wrong and what made me wonder is he edited the first post in june this year. I believe he had a reason to do so. As for Gann, it works for me and I had implemented just it in my strategy. But there is 1 important thing: the platform has to be the one he recomends, otherwise, Gann is wrong and it is useless.
But thank you, buddy, and have a great weekend!
  • #184,290
  • Edited 7:41pm Jul 10, 2009 7:29pm | Edited 7:41pm
I noticed that it's two days in a row, (twice now) that price crossed weekly Gann but poped back up before close. After two failed atempt's, This tells me Destiny is for it not to close below it yet, until we pop up again find more bears and smash it on the next run down. how high do we go? just play it day at a time. But the max it should go is to the 55 ma (green line) which is at 161.63

But this is what i see also, On the weekly we have major bearish divergance indicated by the pink and red lines on the macd. also the qqe turning down and when it cross's, it will cross the slow stoch line and 50 line at the same time.

PS: looking at lower time frames, ie daily, 4h, 1h,......it is all over the place to many senarios. plenty of bulish and bearish divergance, oversold signals where qqe needs to retest 50 line, qqe crossed up and down etc etc. which tells me chopy week ahead till all the lower time frames play out what they want to do and then finaly agree. to many charts and coments to point out just look at your gann and qqe's on diferant time frames and you will see.
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  • #184,291
  • Jul 10, 2009 8:11pm Jul 10, 2009 8:11pm
Nice trade with GJ yesterday. Next week probably start climbing.
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  • #184,292
  • Jul 10, 2009 10:23pm Jul 10, 2009 10:23pm
Quoting pipsbull
Hi, Cruiser!
How's journey?
I have been following ths thread for about 20 months and as far as I recon there was original rules for Auslanco strategy on the first page. But could be wrong and what made me wonder is he edited the first post in june this year. I believe he had a reason to do so. As for Gann, it works for me and I had implemented just it in my strategy. But there is 1 important thing: the platform has to be the one he recomends, otherwise, Gann is wrong and it is useless.
But thank you, buddy, and have a great weekend!
I think he changed the first post so instead of being the owner of a hijacked thread, he'd have one that's reasonably on topic.

Old:

Dear traders....
I decided to start my own thread because there are some other great traders who can provide very valuable analysis of GBP/JPY on the other thread , and I feel that my trade calls are overshadowing those good analysis contributed by other experienced traders.
This thread is mainly focused for new traders who want to learn my trading methods.

New:

Lets Discuss GBPJPY....

Here (below) is a post from 11 months ago. It quotes page 1 of this thread. Besides a downloadable zip file, that was the full contents of the post.

http://www.forexfactory.com/showpost...stcount=106374

You might be thinking of the first post of this thread (below):

http://www.forexfactory.com/showthread.php?t=41509

Even though Aus had us using VT Trader at first, a couple perfectly good versions of the Gann HiLo are available for MT4. The main reason for Gann discrepancies between different traders charts, is different 4 hour (and greater) candle close times. If a group of people want to keep their charts in sync, they're best off using the same broker or at least brokers with the same close times. It's not always much of an issue, but it definitely can be. That not only applies to the Gann, but PA as well.
  • #184,293
  • Jul 11, 2009 1:10am Jul 11, 2009 1:10am
dollar index high volume selling climax monthly; ( same set up as when dj dropped 14400)

gbp futures monthly; HIGHEST volume doji on monthly; .. loaded with sellers.

market collapse imminent

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Blogging daily now at www.volume.zone
  • #184,294
  • Edited 1:58am Jul 11, 2009 1:21am | Edited 1:58am
Quoting Macedonia
I noticed that it's two days in a row, (twice now) that price crossed weekly Gann but poped back up before close. After two failed atempt's, This tells me Destiny is for it not to close below it yet, until we pop up again find more bears and smash it on the next run down. how high do we go? just play it day at a time. But the max it should go is to the 55 ma (green line) which is at 161.63

But this is what i see also, On the weekly we have major bearish divergance indicated by the pink and red lines on the macd. also the qqe turning down and when...
It is gonna be choppy. (1000 pip Range)..154xx ---144xx

Buying or selling.. If in LOSS.. I wont close the trade. this week.

I will post a chart later why choppy.

There is no need to look further for Clue then 1HR..+ 15M.

Mixed but Bearish week ahead..IMO.. Two selling prices 154.50...& 151.00..( dont think it will go beyond this.)

Max target 145.72. - 144.44
Markets are not Random, they are designed!
  • #184,295
  • Jul 11, 2009 7:32am Jul 11, 2009 7:32am
Quoting Raza
It is gonna be choppy. (1000 pip Range)..154xx ---144xx

Buying or selling.. If in LOSS.. I wont close the trade. this week.

I will post a chart later why choppy.

There is no need to look further for Clue then 1HR..+ 15M.

Mixed but Bearish week ahead..IMO.. Two selling prices 154.50...& 151.00..( dont think it will go beyond this.)

Max target 145.72. - 144.44
I'm with you Macedonia and Raza. From here we can go either ways. Weekly Gann is a strong support.

Nice weekend
Addicted to FX
  • #184,296
  • Jul 11, 2009 7:42am Jul 11, 2009 7:42am
Quoting Mr.Sabah
I just put my TP at 148.25 and buy from that price.
Impressive
  • #184,297
  • Jul 11, 2009 9:20am Jul 11, 2009 9:20am
Quoting malcolmb14
dollar index high volume selling climax monthly; ( same set up as when dj dropped 14400)

gbp futures monthly; HIGHEST volume doji on monthly; .. loaded with sellers.

market collapse imminent

Attachment

Attachment

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We are sharing same thoughts
If i understand correctly these volume bars on usdx indicate acumulation state, is this correct ?
  • #184,298
  • Edited 1:56pm Jul 11, 2009 1:30pm | Edited 1:56pm
This was posted on Jul 8 http://www.forexfactory.com/showpost...stcount=184100

here is the continuation:

The trend is bearish! the crown formation signalled reversal but seems we are in the bearish corrective stage.

Here are my thoughts:
Scenario1:
http://i27.tinypic.com/t0ss1y.gif

Price will do a bullish abcd rally to 154-155 for form a bearish abcd gartley and dive down.

scenario2:
if price moves down to 146.73 before going above 152:37 then price will most likely do any of these

case1: price will dive to 144-143 before ralling back up to 154-155. I think this is wot Volume traders will call 'shake out'

case2: price will move down to its final destination at 138-139 before taking on next phase.

Price action will most likely take any of these course
  • #184,299
  • Jul 11, 2009 1:52pm Jul 11, 2009 1:52pm
Quoting Powerm@n
I'm with you Macedonia and Raza. From here we can go either ways. Weekly Gann is a strong support.

Nice weekend
It is strong support until it's broken. imho it will be pierced down sooner rather then later. This down move was the 38,2 retracement from the february lows and as long as daily Gann holds it should be bearish. Yen may start to pull up a little as it is bouncing off the lower TL, but weekly chart says it all on JPY, meanwhile imho pound will keep geppy down. Plus, after that weekly TL on geppy is broken it should have at least 50% retracement, 38,2 won't satisfy it, to 142, and once its broken - down it goes
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  • #184,300
  • Edited 6:26pm Jul 11, 2009 6:16pm | Edited 6:26pm
Falling Wedge in a Down trend Breaks to the upside.

Or is this in the making of a Head & shoulder to go to -0.00. lol.

Just for The sake of the Long term Chart.

Yearly Chart with FIBS . ( Note .. where 50% sits at)

Pink line strong resistence.

Dont worry about the info in the box..High..Low..Etc...

http://www.chartpatterns.com/images/cffall~1.gif
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Markets are not Random, they are designed!
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