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Auslanco-GBP/JPY Strength Indicator strategy 345 replies

Auslanco 15min GBP/JPY startegy 630 replies

My MT4 indicators for Auslanco's strategy 92 replies

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Questions About Auslanco's Trades 72 replies

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

I'm waiting for the 150.25 area or so to take some profits (not much just some) and then put my longs back on after a slight pullback.
check out my blog: forexmademillionaire dot com
This my current trade GBPJPY ....Waiting for MM zone and then i will put SL on +1 and waiting to hit TP...




Cheers
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"Buy on fear, sell on greed !!!
Quoting Petar_Serbia
This my current trade GBPJPY ....Waiting for MM zone and then i will put SL on +1 and waiting to hit TP...




Cheers
You're risking 141 pips to make 62? What are you on crack?
check out my blog: forexmademillionaire dot com
Quoting Geppy
You're risking 141 pips to make 62? What are you on crack?
Where you see 141 ? lol

I risk 50 to took 100...Look better...


Cheers i must go now
"Buy on fear, sell on greed !!!
Quoting Petar_Serbia
I risk 50 to took 100...Look better...

Cheers i must go now
Ok I read something wrong, but you risked 79 for 62... still a terrible risk/reward.
Attached Image
check out my blog: forexmademillionaire dot com
Just added more at 149.06 and plan to add more if we see a deeper retracement.
check out my blog: forexmademillionaire dot com
Quoting Geppy
Just added more at 149.06 and plan to add more if we see a deeper retracement.
You're a brave man Geppy, would go along with UJ bouncing but it doesn't yet, if it clears 92.00 support it's KABOOM-time for me
Don't be a hero. Don't have an ego. Always question yourself
Quoting Geppy
Just added more at 149.06 and plan to add more if we see a deeper retracement.

in the last week,,ive read about 16 times ,that you add on for longs on the geppy.. where are you at with the lots ?? 1/2/3/4/5/????
So do most people look at UJ while trading GJ? Do you look for similar patterns as in candles, or mostly UJ in relation ship to Daily Pivot and S1/R1 etc...

So that when UJ breaks pivot, then GJ should also?

thanks!
Quoting USD-Bear
You're a brave man Geppy, would go along with UJ bouncing but it doesn't yet, if it clears 92.00 support it's KABOOM-time for me
I really don't think it's that brave. The medium term trend is up... I'm just buying on dips and I'm buying SMALL. My overall average is still below 148.

Quoting Gucc
in the last week,,ive read about 16 times ,that you add on for longs on the geppy.. where are you at with the lots ?? 1/2/3/4/5/????
Yes I have added a lot and only taken off a little, but I add in very small increments. As I've stated before I'm still getting back into trading after a bit of a hiatus and I have a very modest account. My additions are usually in the size of micro lots (a few at a time). Right now, my total position is about 11 minis (bit more) with an average buy price below 148.
check out my blog: forexmademillionaire dot com
No qualms buying more here at 148.50 either.
check out my blog: forexmademillionaire dot com
Quoting pilotui
So do most people look at UJ while trading GJ? Do you look for similar patterns as in candles, or mostly UJ in relation ship to Daily Pivot and S1/R1 etc...

So that when UJ breaks pivot, then GJ should also?

thanks!
For GJ 2 things are interesting to know strength/weakness of GBP and strength weakness of JPY. As reference I take the USD then GU gives me indication if GBP is weak or strong and UJ gives me indication if JPY is weak or strong.
The argument to not only look at GJ (the trading pair) is:
1. USD and GBP are both flawed currencies (in my view)
2. therefore UJ is telling me more than GU
3. JU is a lot more trending then GJ, so major trends can be explored better there.
I tend to look mostly at trendlines instead of pivots/waves and fibs

But then I'm not a pro....
Don't be a hero. Don't have an ego. Always question yourself
GY had trouble getting to 149.5/6 and has now retreated to 38.2% of the rise from Asia @ 148.78, and will probably touch the 23% point. That coincides with a trendline that I'll be watching to hold, and will be looking @ PA for more longs. Had a smallish short from 149.3 which I'll probably close soon.
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short @ 148.50 and will be adding at better prices (if seen).....
Don't be a hero. Don't have an ego. Always question yourself
Quoting USD-Bear
short @ 148.50 and will be adding at better prices (if seen).....
haha, interesting...
check out my blog: forexmademillionaire dot com
Quoting USD-Bear
For GJ 2 things are interesting to know strength/weakness of GBP and strength weakness of JPY. As reference I take the USD then GU gives me indication if GBP is weak or strong and UJ gives me indication if JPY is weak or strong.
The argument to not only look at GJ (the trading pair) is:
1. USD and GBP are both flawed currencies (in my view)
2. therefore UJ is telling me more than GU
3. JU is a lot more trending then GJ, so major trends can be explored better there.
I tend to look mostly at trendlines instead of pivots/waves and fibs

But...
For that. I appreciate the input!
I don't like selling on support or buying on resistance...
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check out my blog: forexmademillionaire dot com
Quoting Geppy
haha, interesting...
What would we do with equal minds......
Don't be a hero. Don't have an ego. Always question yourself
Quoting Geppy
No qualms buying more here at 148.50 either.
Don't forget there's a high likelihood we're going to be hanging out here during Asia's PA tonight, since the pivot is @ 148.6ish, so, we'd usually go below that. UJ showing marked weakness & is 90 pip down in the last hour - I believe this to be the NFP effect. I've bought GY around here, and would estimate others have too, given significant buying volume at the bottom. With Tokyo returning from holidays in their next session, a pop (yen weakness) would not surprise me. Including same chart as before, current & updated with BetterVolume Indicator.
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... wrong chart included in last post. This one's updated & shows a healthy bounce; given trading volumes will start falling off shortly, price should hold around here.
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