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The Chonchy
Auslanco 15min GBP/JPY startegy 630 replies
Auslanco-GBP/JPY Strength Indicator strategy 344 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
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DislikedOk, just for the record. If someone would have taken your long call on May 29, 2008 (Price was aprox 208.50 at the time of your long call). They would be up aproximately 425 pips right now. Now, in order to be up 425 pips, they would have had to take a 450 pip drawdown (look at June 3rd) in order to be positive.
Now, if you look at what lilmoe, Karmo and many others did. They banked 300 pips on the down move between May 29 and June 2. Then they banked another 200 between June 2 thru June 6. Then on top of all that, several people here trade north on June 8 pulling anywhere from 300 - 500 pips.
I am now looking at picking up yet another 100 pips on a small retracement down move. In the last 2 weeks, I have made a lot more % (Because that is all that matters, not fucking pips) then I couls have possibly made playing your north trade call on May 29. Hell if I made a trade on May 29 that could have lasted the drawdown, that means I would be up a max of 2% right now. All of that based because your "Buddies" said it would hit 217.
I think I will read my charts and trade in the direction the market is moving now....Ignored
DislikedIf you count the waves from the start of the drop @ 251, it appears that GJ is still in wave 4 (some complex structure) or in the process of completing it. If you draw your fib from top to bottom, it would suggest wave 4 could complete somewhere ar'd 217 before completing it. . . This would be 38% retrace of the entire move down then it would start it's journey south to complete the 5 wave structure. . .
Just my take. . . Feedback welcomed. . . Will post a chart in a bit. . .Ignored
Dislikedyou still trading!? Now I know that's why the geppy don't stop moving north coz you & ur gang always dreaming that it will fall w/c is impossible at this time it is very sad because two weeks ago I posted many times that we are a buyer of geppy targeting 217 but most of you guys don't want to make money always relying on your chart and broken crystal ball if you continue to sell this pair I highly suggest that you better give your money to charitable institution! Wake up guys! The Great Einstein once said "A man should look for what is, and not for what he thinks should be."
Just an info and not a reco!Ignored
DislikedWow, it has been a long time since I last posted in here. I see some old faces still flying the flag, some new ones getting it up the pole, and of course the same old nonsense flying back and forth. Entertaining, if nothing else. I took a step back from forums for a while as the mish-mash of different ideas, which are all valid in their own right, gets far too confusing and I wasn't even trading the original Auslanco method anymore. The hiatus taught me not to take this stuff too personally, if someone is trading in the opposite direction then that's alright as long as you have a backtested method that you believe in then it doesn't matter what other people are doing.
Anyway, here's a couple of charts that I think could represent a great opportunity in the coming days.Ignored
Disliked2nd chart is along the same lines I am thinking .. 211 , then the next leg upIgnored
DislikedGJ has hit the 100 % fe of my 1-2-3 buy on the 4 hour charts posted on the forum at the beginning of the week
I have rapid rsi sell trigger and the regualr rsi crossing down out of the oversold zone , with bearish div in both the macd and the regular rsi
If we break back down under 212.8 support line form the last pivot high I may take a little short position back down into the 50 sma at about 211.
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DislikedGo ahead retail traders short now and you will cry l8r we're planning to go long once again on or b4 European Market opens so watch out another 100 pips or so to the upside, its to you if you want to make money both in trading as well as the int swap everyday by this "holy grail" pair!
Just an info and not a reco!Ignored
DislikedGo ahead retail traders short now and you will cry l8r we're planning to go long once again on or b4 European Market opens so watch out another 100 pips or so to the upside, its to you if you want to make money both in trading as well as the int swap everyday by this "holy grail" pair!
Just an info and not a reco!Ignored
DislikedNew daily momentum is VERY bearish, the fall might start today
'just an info and not a reco'Ignored
Dislikedquick karmo, start calling charity organizations, they might be up for a couple of yardsIgnored
Dislikedi'm also thinking it should go down now for a "small" retraco. however, scrat earlier mentioned a bull flag on the m15 chart, and i'm showing it's been breached to the upside. can u confirm that plz??Ignored