Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 1058 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY, GBP/USD

Similar Threads

Auslanco-GBP/JPY Strength Indicator strategy 345 replies

Auslanco 15min GBP/JPY startegy 630 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

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

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

  • #21,141
  • Sep 4, 2007 10:40am Sep 4, 2007 10:40am
Quoting auslanco
I go short only if 30 min cross down until then I stay out of the market
ok then when you go long, i m sorry i don't understand you strat
  • #21,142
  • Sep 4, 2007 10:42am Sep 4, 2007 10:42am
Quoting kevinsw
WHAT??? no 5min or 15 min scalping???...Hmmm that is a bad sign you know..lol

Heck this is the first time I have made pips scalping...Hmmm
I'm gonna sit and scalp based on 15m strategy until we have a clear breakout either way
Trade what you see, not what you think.
  • #21,143
  • Sep 4, 2007 10:42am Sep 4, 2007 10:42am
Quoting VishalJ
Which stupid banks are these
My friend, you can't possibly know what specifically drives their decision. But one thing is for sure... They might think it is unfortunate to have to make those transactions in this environment, but for whatever reason they are doing it, I assure you, it is not stupid.

They don't see the market the same way you do. They don't live in the same time frames as you. Their objectives are more than making money in FOREX... They have obligations and commitments.

My mortgage is due every month. It makes a lot more sense to invest that money in other places over the next month or two, or ten... someone looking on that timeframe will conclude taking that money out of an interest baring account makes no sense... But owning a property that can greatly increase in value in the next 5 to 10 years makes a whole lot of sense in the bigger picture.

Don't focus on what they are doing. Just try to know what YOU are doing.

== NOW, IF COULD ONLY TAKE MY OWN ADVICE....
  • #21,144
  • Sep 4, 2007 10:43am Sep 4, 2007 10:43am
Doesn't mention banks, but gives another possibility.

http://www.bloomberg.com/apps/news?p...currency_rates
  • #21,145
  • Sep 4, 2007 10:43am Sep 4, 2007 10:43am
made a wrong move... shorted at 232. wat the hell....
  • #21,146
  • Sep 4, 2007 10:44am Sep 4, 2007 10:44am
Quoting kevinsw
WHAT??? no 5min or 15 min scalping???...Hmmm that is a bad sign you know..lol

Heck this is the first time I have made pips scalping...Hmmm
scalping is alive and kicking.. but I dont post them here.. people get confused.
  • #21,147
  • Sep 4, 2007 10:44am Sep 4, 2007 10:44am
Quoting karmostaji
I'm gonna sit and scalp based on 15m strategy until we have a clear breakout either way
Good deal...now I don't feel so bad and left out..lol
  • #21,148
  • Sep 4, 2007 10:45am Sep 4, 2007 10:45am
me too.. i got stopped out 200pips above that.

life sux at the moment

I hope market takes some clear direction, can't wait to get some green pips!

Quoting Holypendant
made a wrong move... shorted at 232. wat the hell....
  • #21,149
  • Sep 4, 2007 10:45am Sep 4, 2007 10:45am
We are still confined within the trendline and channel. It will be safer to wait until one breaks before taking a direction. I think it will break upwards but I'm not always right. Chart (from earlier today) attached.
Attached Image (click to enlarge)
Click to Enlarge Name: guppyh4-5.gif Size: 19 KB
  • #21,150
  • Sep 4, 2007 10:47am Sep 4, 2007 10:47am
Quoting karmostaji
I'm gonna sit and scalp based on 15m strategy until we have a clear breakout either way
Same here. I'm using the 15 min strategy, but also watching price movement on a 1 min chart. A nice pattern for the past half hour or so . . . but looks like it's starting to break up.

Ron
  • #21,151
  • Sep 4, 2007 10:47am Sep 4, 2007 10:47am
Quoting intelmaster
me too.. i got stopped out 200pips above that.

life sux at the moment

I hope market takes some clear direction, can't wait to get some green pips!

there seems to be some str resistance at ard 234.18 frm my hourly chart.. shld be able to go dwn but dont know until where..
  • #21,152
  • Sep 4, 2007 10:47am Sep 4, 2007 10:47am
Aus , the 15m gave amazing 2 trades today (both above 60 pips), the prob was the 5sma retracement to enter , which happens on outbreak ... , prolly reducing this to 5 min tf would be better ? wat say ?
To Live is the rarest thing in the world , Most people exist , that is all
  • #21,153
  • Sep 4, 2007 10:48am Sep 4, 2007 10:48am
Quoting Qman
My friend, you can't possibly know what specifically drives their decision. But one thing is for sure... They might think it is unfortunate to have to make those transactions in this environment, but for whatever reason they are doing it, I assure you, it is not stupid.

They don't see the market the same way you do. They don't live in the same time frames as you. Their objectives are more than making money in FOREX... They have obligations and commitments.

My mortgage is due every month. It makes a lot more sense to invest that money in other places over the next month or two, or ten... someone looking on that timeframe will conclude taking that money out of an interest baring account makes no sense... But owning a property that can greatly increase in value in the next 5 to 10 years makes a whole lot of sense in the bigger picture.

Don't focus on what they are doing. Just try to know what YOU are doing.

== NOW, I COULD ONLY TAKE MY OWN ADVICE....
Sorry, Qman, but the fat cat bankers DO NOT need an apologist. They are in business for one reason; TO MAKE AS MUCH STINKING MONEY AS POSSIBLE! It doesn't matter to them whose money they are taking at any given time. Please don't even show any inkling of feeling sorry for the 'poor widdle bankie poos' because they can't decide which way to go. If there is indecision on their part it's not because they are afraid of hurting someone else, it's because they're not sure which way is the best way to go to make money at the moment. No offense intended. Just stating the facts as they are.

M2B
  • #21,154
  • Sep 4, 2007 10:49am Sep 4, 2007 10:49am
Quoting Zoran
We are still confined within the trendline and channel. It will be safer to wait until one breaks before taking a direction. I think it will break up but I'm not always right. Chart (from earlier today) attached.
So sad if this prediction comes true and Markam is still short http://www.forexfactory.com/images/icons/icon10.gif
Sorry bro .. just kiddin.. cheer up ..
  • #21,155
  • Sep 4, 2007 10:50am Sep 4, 2007 10:50am
Quoting VishalJ
Which stupid banks are these
For me today is a timid reminder that in FX anything can happen at anytime and nobody knows! I am still struggling with this elementary truth and when analysis looks compelling I get deluded thinking this or that will happen.
Consistency and patience is everything
  • #21,156
  • Sep 4, 2007 10:51am Sep 4, 2007 10:51am
I've learned this market is very fluid especially this pair as you all will agree.. can't marry to it.
  • #21,157
  • Sep 4, 2007 10:52am Sep 4, 2007 10:52am
Quoting auslanco
scalping is alive and kicking.. but I dont post them here.. people get confused.
is it 15 scalp or 5 and 1 scalp?
Regards
  • #21,158
  • Sep 4, 2007 10:52am Sep 4, 2007 10:52am
UJ has failed twice to break above 38.2% fibo line, don't expect any upward movement in UJ & GJ unless that is broken
Trade what you see, not what you think.
  • #21,159
  • Sep 4, 2007 10:55am Sep 4, 2007 10:55am
Quoting karmostaji
UJ has failed twice to break above 38.2% fibo line, don't expect any upward movement in UJ & GJ unless that is broken

If GU fall and UJ stay, GJ gonna fall...
  • #21,160
  • Sep 4, 2007 10:55am Sep 4, 2007 10:55am
For Markam

<MENU> to return to headlines. CurncyT N I

U.K. Pound Falls; Risk Taking May Drop as Credit Losses Spread Page 1/4
By Anchalee Worrachate
Sept. 4 (Bloomberg) -- The pound declined against the
dollar and the yen, snapping two days of gains, as concern that
losses related to U.S. subprime mortgages will spread prompted
investors to reduce holdings of higher-yielding assets.
The currency, which fell the most against the yen in three
years last month, extended declines today as investors sold
asset-back commercial paper and corporate debt. The difference
between the three-month sterling rate and the Bank of England's
base rate increased to the most in at least 20 years, signaling
a reluctance among banks to lend to each other.
``I'd leave sterling well alone at the moment,'' said Simon
Derrick, London-based chief currency strategist at Bank of New
York Mellon Corp. ``It's a hostage to investment sentiment and
we continue to have bad news from the credit market.''
The pound fell to $2.0076, the lowest since Aug. 30, and
was trading at $2.0102 as of 3.42 p.m. in London, from $2.0183
yesterday. It also traded at 233.91 yen, from 234.07 yen.
Against the euro, it was little changed at 67.49 pence. Derrick
predicts the pound may drop as low as 220 yen in a month.
42 traders viewing now