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

  • #2,081
  • Jul 31, 2007 2:29pm Jul 31, 2007 2:29pm
Quoting I.Y.I
By saying to break out the wedge u mean to break out the trend line aren't u?
Yep, but if we zoom out the chart, the 2 trendlines cross each other so therefore its called a wedge, if they don't cross each other.. it's called 'channel'
Trade what you see, not what you think.
  • #2,082
  • Jul 31, 2007 2:31pm Jul 31, 2007 2:31pm
all time frames are bearish but 4 hours still in bullish territories.
we are on the edge, if it break it will go deep down if it holds it will retrace back up.
  • #2,083
  • Jul 31, 2007 2:31pm Jul 31, 2007 2:31pm
Quoting ovidiu
daily bearish, 1H QQE very close to geting below 50 line, 4H still bulish so maybe some rise to 243 like you say and after that we will see.
I just want to know if I got it right with Fibo levels, that I read on babypips.

fibo levels for last rally:
241.84 resistance 23.6
241.15 support 38.2
240.60 support 50
240.05 support 61.8
fibo levels for the drop since 20th:
243.15 resistance 38.2
244.65 resistance 50

Plese tell me if i got them right

Thanks
Those fibs are the correct ones
Trade what you see, not what you think.
  • #2,084
  • Jul 31, 2007 2:32pm Jul 31, 2007 2:32pm
Quoting karmostaji
Yep, but if we zoom out the chart, the 2 trendlines cross each other so therefore its called a wedge, if they don't cross each other.. it's called 'channel'
Think we're still in the wedge and that we'll return up?
  • #2,085
  • Jul 31, 2007 2:32pm Jul 31, 2007 2:32pm
Quoting digitizer123
Don't you think we have already broke out on the downside????
I don't see this changing until 240.50ish
I'll wait for this 1h candle to close and 4h candle will close too
Trade what you see, not what you think.
  • #2,086
  • Jul 31, 2007 2:33pm Jul 31, 2007 2:33pm
Is there complete instructions (perhaps a url would help) on how to use the indicators anywhere? I just joined.

- Thanks
  • #2,087
  • Jul 31, 2007 2:33pm Jul 31, 2007 2:33pm
lets just go for the Resistance....bulls are slow, and the demand looks good,..that was only profit taken and SL being hit,...long, long
its just money
  • #2,088
  • Jul 31, 2007 2:36pm Jul 31, 2007 2:36pm
Quoting karmostaji
I'll wait for this 1h candle to close and 4h candle will close too
I got 1hr bearish, 4hr bearish - don't you???
  • #2,089
  • Jul 31, 2007 2:37pm Jul 31, 2007 2:37pm
Time to short on GJ or GU now????
  • #2,090
  • Jul 31, 2007 2:37pm Jul 31, 2007 2:37pm
I would think we will hit 240.15 before anything else, base on the chart just posted by karmostaji.

But hey, I could be wrong... Sorry for the intrusion...
  • #2,091
  • Jul 31, 2007 2:37pm Jul 31, 2007 2:37pm
I haven't attempted this system but was curious so i've been following along since the beginning. My question is that i thought i remember auslanco saying that with his system he only made 6-8 trades per month. the statement was made when offering to make auto trades. Are we too anxious to be in a trade or are these extra? I just didn't know if these are based on the same 6-8 trades per month or more aggressive.

Anyone who knows can answer. i didn't know if aus is sleeping.

thanks, Lori
  • #2,092
  • Jul 31, 2007 2:40pm Jul 31, 2007 2:40pm
Quoting smjones
I would think we will hit 240.15 before anything else, base on the chart just posted by karmostaji.
Thanks Scott for your input!
Humble Lifetime Member
  • #2,093
  • Jul 31, 2007 2:41pm Jul 31, 2007 2:41pm
I'll try my first prediction from reading all these days on the forum, after the 1H bar closes if the 1h trend still bearish, that is if QQE crosses the 50 line, and price gets out of the wedge, and 241.15 38.2 fibo, we could go short for 65 pips to 24.60 50 fibo.
What do you guys think?
  • #2,094
  • Jul 31, 2007 2:41pm Jul 31, 2007 2:41pm
Quoting smjones
I would think we will hit 240.15 before anything else, base on the chart just posted by karmostaji.
I agree - my chart just updated in the last few minutes and If it drops further from this level - suppot looks like @ 240 ish instead of 240.50
  • #2,095
  • Jul 31, 2007 2:41pm Jul 31, 2007 2:41pm
Quoting lagank
I haven't attempted this system but was curious so i've been following along since the beginning. My question is that i thought i remember auslanco saying that with his system he only made 6-8 trades per month. the statement was made when offering to make auto trades. Are we too anxious to be in a trade or are these extra? I just didn't know if these are based on the same 6-8 trades per month or more aggressive.

Anyone who knows can answer. i didn't know if aus is sleeping.

thanks, Lori

Hi Lori,

A looks for opportunities where he can make 300-500 pips profit. I think his frequency comes from there only being so many of those opportnities in a month. However, we appear to be in a highly variable period, with lots of opportunities to make (and lose) money.
  • #2,096
  • Jul 31, 2007 2:42pm Jul 31, 2007 2:42pm
It would seem to me that there is a "flight from risk"?
Humble Lifetime Member
  • #2,097
  • Jul 31, 2007 2:42pm Jul 31, 2007 2:42pm
Hanging by a straw - almost ready to break
  • #2,098
  • Jul 31, 2007 2:44pm Jul 31, 2007 2:44pm
Quoting lagank
i didn't know if aus is sleeping.
He should be. If I remember correctly, he lives in Australia. And it's early morning over there.
  • #2,099
  • Jul 31, 2007 2:45pm Jul 31, 2007 2:45pm
Quoting markam
Hi Lori,

A looks for opportunities where he can make 300-500 pips profit. I think his frequency comes from there only being so many of those opportnities in a month. However, we appear to be in a highly variable period, with lots of opportunities to make (and lose) money.
thanks for the response.
Lori
  • #2,100
  • Jul 31, 2007 2:45pm Jul 31, 2007 2:45pm
Quoting Ash
It would seem to me that there is a "flight from risk"?
It is unlikely the carry will completely unwind as long as there are favorable interest rate differences between currencies... Money always will flow to where it is treated best.
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