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Daily GBP/JPY analysis

  • #12,061
  • Jul 28, 2007 8:23am Jul 28, 2007 8:23am
now GBPJPY is 240.15
{Link Removed}]
  • #12,062
  • Jul 28, 2007 8:40am Jul 28, 2007 8:40am
look, guys,
Now that Auslanco is so kind to help any new traders with any questions, do make sure one thing is understood.

One need to LEARN to trade, and figure out if ur question is answered or dumb simple before you post it.

Ask questions these few days, at best bring u some fast cash. It won't last.

Look, now this post is mostly filled with non-analytical BS, it's missing its original goal.

Let me say, it is incredible and implausible to do those yahoo messenger, chatting room, and so on. Auslanco would help, but u know what, he simply couldn't do that as you wish. Just imagine it urself.

So my suggestion is sit down, get familiar with the chart first, don't know basic concepts? use search function, read the posts before asking.

hope everyone can remain calm and attentive, instead of rushed in asking.
it's not the way to earn or to improve.
  • #12,063
  • Jul 28, 2007 9:31am Jul 28, 2007 9:31am
Quoting my2buoys
Auslanco,
None of this is really your fault. It's your willingness to help even the newest of traders that has caused the mad rush. You have a great heart, I can tell. I did quite well this week myself not because I followed your calls blindly but because you helped confirm what I was already seeing. I do think you need to start your own thread and I will be right there with the others. You have a gift and it needs to be shared. In your own thread you can steer into whatever direction you desire, even if it's mainly GBP/JPY which you said at the beginning was really the only pair you traded. Looking forward to learning more from your postings wherever they appear. Thanks.

Roland
I love Forex Factory because of the experts that come here but is there any way to filter and delete moronic newbie posts like the boards over at investorshub?

I have a created a board at ihub where I am moderator and I can give moderator status to Auslanco and he can get assistants to filter through the posts.

http://investorshub.advfn.com/boards...?board_id=9927

What do you think?
  • #12,064
  • Jul 28, 2007 9:57am Jul 28, 2007 9:57am
Quoting mjolimer
I'm happy here with my fellow noobs

I appreciate that maybe some of the questions and comments seem silly but things that seem obvious when you are familiar with them can be confusing to start with.

I'm sure all these guys are hungry to learn and would welcome help.

I found babypips.com very good, and also I found hectortrading.com and all his videos on live trades brilliant.

I agree some of the posts can be frustrating when the questions seem so obvious or have been answered already, but hey... that's life...
It is not about the newbish questions that can be answered with a quick google search ... it is also about using common sense. Why on earth would you ask auslanco to add your yahoo mail IN PUBLIC?? Send him a PM!

You have to post relevant stuff that will benefit all the other users.

Posts have to be relevant to GBP/JPY analysis and nothing else. This is not a signals forum right?

With that said ... NewstraderFX has an excellent analysis on the current situation.

http://www.forexfactory.com/news.php?do=news&id=40547

We have to be careful of a good sized correction up and then a probable continued downtrend.
  • #12,065
  • Jul 28, 2007 10:23am Jul 28, 2007 10:23am
Quoting ultimate
It is not about the newbish questions that can be answered with a quick google search ... it is also about using common sense. Why on earth would you ask auslanco to add your yahoo mail IN PUBLIC?? Send him a PM!

You have to post relevant stuff that will benefit all the other users.

Posts have to be relevant to GBP/JPY analysis and nothing else. This is not a signals forum right?

With that said ... NewstraderFX has an excellent analysis on the current situation.

http://www.forexfactory.com/news.php?do=news&id=40547

We have to be careful of a good sized correction up and then a probable continued downtrend.
Why on earth... I will tell you why, I really don't care who has my email in FF. I have made a lot of friends in here and I want to make more, This isn't really public, I mean we are all striving to reach the same goal. And besides, I can control what comes and goes in my email, I always scan for viruses that I will send directly back, so If you don't want my email, then thats fine with me, stop worrying about what everyone else does.

j
  • #12,066
  • Jul 28, 2007 10:37am Jul 28, 2007 10:37am
Quoting hard1head1
Why on earth... I will tell you why, I really don't care who has my email in FF. I have made a lot of friends in here and I want to make more, This isn't really public, I mean we are all striving to reach the same goal. And besides, I can control what comes and goes in my email, I always scan for viruses that I will send directly back, so If you don't want my email, then thats fine with me, stop worrying about what everyone else does.

j
You missed the point. Send him a PM instead of "cluttering" up the board.
  • #12,067
  • Jul 28, 2007 10:41am Jul 28, 2007 10:41am
Quoting ukutrader
Easy for you, but well, I suspect there are bunch of people out there on the other side who got kicked out of the market for the week. I'm referring to some position/carry traders holding onto their long positions expecting them to come back up. Others' positions must have been stopped out as this pair is so volatile. This week was definitely not easy for them.
I don't know about pure carry traders (I assume they were hurt) but from a position trading POV it was a pretty good week. Position trading (at least in my book) is all about managing risk in light of fundamentals, with technicals in an assisting mode, and the writing has been all the wall re. trading against JPY for awhile.
  • #12,068
  • Jul 28, 2007 12:09pm Jul 28, 2007 12:09pm
Quoting HalifaxCB
I don't know about pure carry traders (I assume they were hurt) but from a position trading POV it was a pretty good week. Position trading (at least in my book) is all about managing risk in light of fundamentals, with technicals in an assisting mode, and the writing has been all the wall re. trading against JPY for awhile.
I think pure carry trader would be similar..they would have trimmed or may have cashed out big part or most of their position in anticipation of correction. and they maybe one of the biggest culprit in some of the sharp correction in GBPJPY. For me carry is some sort of investing. personally if i ever do a carry trade, my purpose would be accumulating wealth over time not to beat the market. so merely to survive in it and end up with proper reward for risk i have incurred. dont know about others but i believe that mere survival in the market grants fairly substantial rewards and that grows
even more substantials over time. sometimes i think we, maybe, in our greed to beat the market, often missed the simple point...of the need of adjusting market exposure and accumulating market wealth over a period of time which we hope will give us the investment returns we deserve to compensate the risk we took.
........... have nothing to say..........
  • #12,069
  • Jul 28, 2007 1:43pm Jul 28, 2007 1:43pm
Quoting Islander
Great trade Ken.....as you´re now trading GBPJPY do I guess that you too have given up on "that other room"!

Jono
Actually I gave up on my thread because it had become like this thread, a bunch of talk, but no analytical substance.

I had created a thread in January for the sole purpose of Gbp/Usd analysis, but over time the members seen the popularity and began to just post trades and questions that gave way to a flood of nonsense.

The question that I have now is, what thread do I want to hang around in now, it will probably be one that doesn't take me an hour to read about 5% of what I like to read.

So I will give this thread a rest for some time now, as I did with my own.

Farewell to all!

Ken
  • #12,070
  • Jul 28, 2007 2:31pm Jul 28, 2007 2:31pm
just fyi,
page 604 auslanco has good discussion re indicators and strategy he uses
Bring It...
  • #12,071
  • Jul 28, 2007 3:39pm Jul 28, 2007 3:39pm
Sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell

GBP/JPY to the lower 230's

sell sell sell sell sell sell sell sell sell sell

http://forexfactory.com/news.php?do=news&id=40547
  • #12,072
  • Jul 28, 2007 4:04pm Jul 28, 2007 4:04pm
Quoting NewstraderFX
Sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell

GBP/JPY to the lower 230's

sell sell sell sell sell sell sell sell sell sell

http://forexfactory.com/news.php?do=news&id=40547
I have read your news article, that is good one.
I'd like to see more downtrend like everyone else here.
Just a little concern for you, lower 230's is broken 61.8% fib from 221-251.
221 was tested in the big fall on Feb, 2007.
Have you thought about it?
  • #12,073
  • Edited 4:32pm Jul 28, 2007 4:10pm | Edited 4:32pm
Meet you at the 618-I'll update you there-thanks for reading the article. Did u vote?

sell sell sell sell sell sell sell sell sell sell sell sell sell sell
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  • #12,074
  • Jul 28, 2007 4:38pm Jul 28, 2007 4:38pm
Quoting Angler
hi...

well I will be waiting to see how the trading goes when and if the market becomes volatile....its been going in one direction most of this week...

And people have gone crazy....I dont know why...he has only been here since about 19th and spent most of that time posting....because I have not see that many trades....normally people want to see a history of success with a system before going like they have this week.....maybe everyone has had a dry spell and needed to trade.

Hi Angler... I am a forex and share trader for the last 6 years.I have been monitoring FF for the last 1 year. I have been studying auslaco's post from last Monday.I will tell you why people are crazy over Auslanco strategy. After visiting so many forums I have never seen a trader like Auslanco who is more sure about break out. His strategy is a break out strategy .When the whole world was not sure what happening to the GBP/JPY on monday.. only Auslanco was 100% sure it's going down . He also gave reasons. This guy is the real deal.Iam not a newbie. Iam a experinced trader. The most atrraction to auslanco is he's damn good trend catcher and he like to share it with new trader, unlike some other pricks ("b") here.
sorry for my english
  • #12,075
  • Edited 7:01pm Jul 28, 2007 5:35pm | Edited 7:01pm
Quoting Spanishfly
Hi Angler... I am a forex and share trader for the last 6 years.I have been monitoring FF for the last 1 year. I have been studying auslaco's post from last Monday.I will tell you why people are crazy over Auslanco strategy. After visiting so many forums I have never seen a trader like Auslanco who is more sure about break out. His strategy is a break out strategy .When the whole world was not sure what happening to the GBP/JPY on monday.. only Auslanco was 100% sure it's going down . He also gave reasons. This guy is the real deal.Iam not a newbie. Iam a experinced trader. The most atrraction to auslanco is he's damn good trend catcher and he like to share it with new trader, unlike some other pricks ("b") here.
sorry for my english

I agree with you, ditto 100%.... By the way your english is quite good...LOL

Jim
  • #12,076
  • Jul 28, 2007 7:54pm Jul 28, 2007 7:54pm
Daily Pic
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Que
  • #12,077
  • Jul 28, 2007 7:55pm Jul 28, 2007 7:55pm
Weekly Pic
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Que
  • #12,078
  • Jul 28, 2007 8:01pm Jul 28, 2007 8:01pm
I am not making any calls, as I obviously suck at making trades. I am still learning. I am just currious what others think.
Que
  • #12,079
  • Jul 28, 2007 9:23pm Jul 28, 2007 9:23pm
Dear traders, I have moved to a new thread for GBP/JPY and GBP/USD (newstrade) analysis and trade calls . All my analysis will be posted there from now on.
It has been a great plessure to share my views about the market alongside some other awsome traders on this thread.

Whoever interested in my trading methods are most welcome to post there views and questions on the new AUSLANCO thread. Thank you everyone.
  • #12,080
  • Jul 28, 2007 9:55pm Jul 28, 2007 9:55pm
Quoting mrroboto
Like I said look at your 4h chart. I'm basing my trade on what previously happened. If you cant see it, there's no use talking to you. I will not argue about your indicators. And shorting this pair is definitely a bad idea, I dont care if it drops 1000 pips I'll take my chances buying on dips.
the most ridiculous quote of the week award
hahahahahaha
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