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

  • #181
  • Jul 29, 2007 12:08pm Jul 29, 2007 12:08pm
Quoting Dobin
Good to know you opened your own thread.
I try to learn stratagy from you and viewed all the posts you wrote.
Got a lot of thoughts like 1day,4h, 1h are all bearish , means 200-300 drops etc.
I am using VT and same indicators except the strenght indicator.
Now, looking at the charts. 1day
ADX is 20 , trend is strong.
Momentum is down and very bearish.
Stochach RSI is down and bearish.
CCI is extremely bearish
l
ooking at 4 h chart:
ADX is 50, very strong trend
Momentum is low but hook up a little bit
RSI is also hook up a little bit

1h chart
except the Momentum is up a little bit ,all are bearish.

but consider the 60 pips drop in last minute (now is 240.06, in vt it's 240.61)
I think all the charts are bearish.

I wonder is my analysis right?

thank you if you could give some advice
Great Analysis, The only problem is VT prices are not updated yet . Looking forward to the monday start. Make sure you log out and log back in at the start of monday for correct VT chart update.
  • #182
  • Jul 29, 2007 12:09pm Jul 29, 2007 12:09pm
Quoting NewstraderFX
Sell sell 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

Article: http://forexfactory.com/news.php?do=news&id=40547
Wow, Great information as always. Thanks NewstraderFX.
  • #183
  • Jul 29, 2007 12:11pm Jul 29, 2007 12:11pm
Quoting karmostaji
From my own analysis of GJ using Trendlines and Fibo retracements, I'm expecting for the price to retrace up till around 242.60 or maybe even 244 before the continuation downwards. The last candle on the 4h chart (InterbankFX platform) shows possible retrace.. I'll wait for the next 1 or 2 4h candles to close for confirmation.

Thanks for your insight Karmotaji, Looking forward for more
  • #184
  • Jul 29, 2007 12:42pm Jul 29, 2007 12:42pm
Quoting maestr2
great idea to have your own thread. will be avid learner. also, did you get a chance to look at website link i sent you for site i built for you to put your trading instructions, etc on
Great idea. What is the URL for the site? Thanks
  • #185
  • Jul 29, 2007 12:50pm Jul 29, 2007 12:50pm
what video card do u have that gives you the 3 screens? I can only get 2 on my nVidia. Thansk
  • #186
  • Jul 29, 2007 1:04pm Jul 29, 2007 1:04pm
Quoting auslanco
....If the price retrace back to 5 sma(true price)...
5 SMA, but on what time frame? 4h, 1h, or daily?
  • #187
  • Jul 29, 2007 1:09pm Jul 29, 2007 1:09pm
Quoting auslanco
Hi rumbey, Welcome to the threadAs you may have already figured out I dont look at this pair in the prospective of a carry trade. I treat it like just another pair with high volatality. I only act according to my indicators., but not for anythng esle.
That will always keep me away from bad trades. If my indicators shows me tommorrow that it's going up then I go up.
I have attached a latest Daily charts. I cant figure out on what basis you are telling me that the daily charts are still bearish.
do u mean "still bearish" or "still bullish"?
  • #188
  • Jul 29, 2007 1:12pm Jul 29, 2007 1:12pm
Quoting auslanco
Thats correct 59, Thats why we have to be little careful on monday whether it will bounce up from the 5 SMA . Looking forwrd to do more chart analysis on monday
pls can u explain this 5SMA and its time frames; interpretations
THE TREND IS UR FRIEND
  • #189
  • Jul 29, 2007 1:18pm Jul 29, 2007 1:18pm
Quoting auslanco
MACD cross over downwards on daily charts on the 11th of July.. Then I waited untill 4hr to cross downward and 1hr to cross down ward and also below through the Zero MACD to go short whch happend on the 20th(1hr)
But did the MACD really cross over on the 11th of July, or does the current chart, after the decline, show that the MACD cross on the 11th. In other works, is the MACD static or dynamic? Does what happened last week affect what we now see as a downward cross on the 11th.?
  • #190
  • Jul 29, 2007 1:18pm Jul 29, 2007 1:18pm
Quoting wwwin
5 SMA, but on what time frame? 4h, 1h, or daily?
Hi wwwin, It can be any time frame when you spot a retracement due by analysing your momentum indicator.
  • #191
  • Jul 29, 2007 1:28pm Jul 29, 2007 1:28pm
Quoting wwwin
But did the MACD really cross over on the 11th of July, or does the current chart, after the decline, show that the MACD cross on the 11th. In other works, is the MACD static or dynamic? Does what happened last week affect what we now see as a downward cross on the 11th.?
Both the strength indicator and MACD changed it's direction on the 11th. Even after MACD crossed down price reached new high's but the MACD failed to cross upwards. Thats a very good sign of things about to happen in the following days or weeks. My undaerstading at that time from that scenario was there is a very strong bearish momentum building up. Your are right, what we see now is an effect from the last week MACD/strength indicator cross over.
  • #192
  • Jul 29, 2007 1:30pm Jul 29, 2007 1:30pm
Quoting tradechief
pls can u explain this 5SMA and its time frames; interpretations
Hi trader Cheif, I would reccomend you to look at my previous posts as I have been explaining this 5 sma reatrcement rule all last week
  • #193
  • Edited 1:50pm Jul 29, 2007 1:39pm | Edited 1:50pm
GBP/JPY 1hr 17EST friday . no movement since then and up to now.
Attached Image
  • #194
  • Jul 29, 2007 1:41pm Jul 29, 2007 1:41pm
Would this look right for a chart and indicators? I know it is zoomed in but I have used all the settings I could find in this thread.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy auslanco.jpg Size: 69 KB
  • #195
  • Jul 29, 2007 1:51pm Jul 29, 2007 1:51pm
Hey Auslan! Good to have you back, in your own thread I'm in San Diego on a little holiday with the wife.. but I'm sitting here ready to trade, while she's out shopping lol.
  • #196
  • Jul 29, 2007 2:09pm Jul 29, 2007 2:09pm
Quoting kevinsw
Would this look right for a chart and indicators? I know it is zoomed in but I have used all the settings I could find in this thread.
Wow Kevin, I dont know what to say. It's been a while since I had a glance at MT4 and your attachment is not clear enough for me to study your indicators. May be someone whose more familier with MT4 could help.
  • #197
  • Jul 29, 2007 2:11pm Jul 29, 2007 2:11pm
Quoting VishalJ
Hey Auslan! Good to have you back, in your own thread I'm in San Diego on a little holiday with the wife.. but I'm sitting here ready to trade, while she's out shopping lol.
Hi Vishal, Looks like your wife is getting the full advantage of your winning trades last week Hope you enjoy your holiday
  • #198
  • Jul 29, 2007 2:14pm Jul 29, 2007 2:14pm
Quoting auslanco
Hi ns, Glad to see you here, I still didnt have a chance to write down a full structured strategy report. But everyone can find most of the information they need on other GBP/JPY thread and on this thread as well.
Hey Auslanco,

It would be real nice if you could put everything in your strategy in 1 post, settings and everything, I tried looking through all your posts and it will be hard for someone to do, Can you condense it a bit ole buddy, No hurry.

Jim
  • #199
  • Jul 29, 2007 2:21pm Jul 29, 2007 2:21pm
Quoting auslanco
I sure did . I havent still had a channce to put down the strategy instruction on paper. As soon as I do that , I will post it to your site. I really apreciate your effort
okay, just let me know and you can send the strategy document, word or txt format, by email to [email protected] or pm me here and I will put it on site,

once it is to your approval, can make the url public.
Trade what you see, not what you think.
  • #200
  • Jul 29, 2007 2:22pm Jul 29, 2007 2:22pm
Hi Auslanco, I've been reading all the posts, since your sell call last week, and now your coments about the charts and indicators.

As many of ppl here just want to say thank you to be willing to share your knowledge, I'm looking forward to see what's going on next week, and learn as much as I can.

Greetings from Mexico.

Ado
Ado Whether you believe you can do a thing or not, you are right.
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