Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 1090 | 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)

  • #21,781
  • Sep 5, 2007 10:15am Sep 5, 2007 10:15am
Quoting alaporte
Hi all, great thread, so much to read, understand and hopefully learn from. I look forward to sharing many pips with you.

I have attached a chart of GBPJPY on which I have fib retracements for 1 hour, 4 hour, day, week and month - Can someone please explain why the manually drawn thick line (pink) is proving to be such a buffer for a reversal in the last two hours?

Thx.
As soon as I post of course it breaks through. Typical!
  • #21,782
  • Sep 5, 2007 10:15am Sep 5, 2007 10:15am
Quoting markam
If it wasn't for the dow being so bearish, I think GJ would be shooting up right now. If we get any kind of recovery in the stock market, you want to get out of your shorts.

No sign of it yet, but there usually is a rally in the dow between 11-12 eastern time.
Mark...any theory as to why this pair isn't as correlated to the dow as we previously seen? I mean 100+ points down we would normall see this pair dive at least 100+ as well.....
  • #21,783
  • Sep 5, 2007 10:16am Sep 5, 2007 10:16am
Well, it has taken just about this entire candle but it looks like the 4H 5SMA is finally playing out. I figured it would go up to at least 233. Brave ones could have entered at the top of the retrace, around 233 on my chart, but according to Aus's system it is wiser/safer to wait for the 30M QQE to cross back down before entering short again. US afternoons are usually slow, except for the last 1/2 hour of Dow before close, but with the last few days being stagnant you never know. Forex is always full of surprises.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4h.gif Size: 21 KB
  • #21,784
  • Sep 5, 2007 10:17am Sep 5, 2007 10:17am
Quoting markam
If it wasn't for the dow being so bearish, I think GJ would be shooting up right now. If we get any kind of recovery in the stock market, you want to get out of your shorts.

No sign of it yet, but there usually is a rally in the dow between 11-12 eastern time.
There is DOW support in 13250 region. Could be a nice long area otherwise reverse and short if support breaks (blue ellipse).
Attached Image (click to enlarge)
Click to Enlarge Name: dow15m.gif Size: 17 KB
  • #21,785
  • Sep 5, 2007 10:18am Sep 5, 2007 10:18am
Quoting my2buoys
Well, it has taken just about this entire candle but it looks like the 4H 5SMA is finally playing out. I figured it would go up to at least 233. Brave ones could have entered at the top of the retrace, around 233 on my chart, but according to Aus's system it is wiser/safer to wait for the 30M QQE to cross back down before entering short again. US afternoons are usually slow, except for the last 1/2 hour of Dow before close, but with the last few days being stagnant you never know. Forex is always full of surprises.

M2B
I got in at the top then got chicken and got out +10. lol. but i was always taught that a profit is a profit is a profit.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #21,786
  • Sep 5, 2007 10:20am Sep 5, 2007 10:20am
man the stock is down -160 and no drop something fishy going on.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #21,787
  • Sep 5, 2007 10:21am Sep 5, 2007 10:21am
Just now we only have USD weakness. GBP/USD gains are negating USD/JPY falls....unfortunately ...Seldom happens but it is just now!
  • #21,788
  • Sep 5, 2007 10:24am Sep 5, 2007 10:24am
Quoting khmr
Mark...any theory as to why this pair isn't as correlated to the dow as we previously seen? I mean 100+ points down we would normall see this pair dive at least 100+ as well.....
cable is keeping this pair afloat for now
  • #21,789
  • Sep 5, 2007 10:24am Sep 5, 2007 10:24am
Well DUH kevin...no wonder the market is sooo messed up right now...it's NFP week which ALWAYS screws up the market... Who knows what ficticous numbers will be given this week to prop up things..

I know...DOOM and GLOOM but it is true.
  • #21,790
  • Sep 5, 2007 10:26am Sep 5, 2007 10:26am
Quoting mktjong
Sshhoottt ..just got to my workplace. Didn't see that move happened and still have mine open. I set the tp limit quite wide and now turns to be negative. http://www.forexfactory.com/images/icons/icon8.gif
But, that's alright .. I have confidence. Treasuries is extremely bearish at the moment. This pair couldn't go much higher ..
I know hindsight is 20/20 but I thought you saw that coming. The spike down was obviously just a news reaction. The 4H chart momentum remained bullish through that entire hour and, more importantly, the 1H momentum was even stronger in its bullishness than the 4H. I figured you were just in the trade for the spike down and that you would have taken your profits at around 50 pips. Don't feel bad. I have made the same mistake in times past around news events. Will GBP/JPY maintain its bearishness? It seems like it will. Daily 5SMA is around 233.50 and is the highest 5SMA above price with the exception of the Monthly which shouldn't be considered at this time. Your position should be OK unless 1H QQE crosses back up. Good luck.

M2B
  • #21,791
  • Sep 5, 2007 10:26am Sep 5, 2007 10:26am
Quoting moneymagnet
I got in at the top then got chicken and got out +10. lol. but i was always taught that a profit is a profit is a profit.
  • #21,792
  • Sep 5, 2007 10:30am Sep 5, 2007 10:30am
GU driving GY up, otherwise this bad boy should be on it's knee's.
Humble Lifetime Member
  • #21,793
  • Sep 5, 2007 10:37am Sep 5, 2007 10:37am
A real tug of war with cable up and uj going down.

Quoting Ash
GU driving GY up, otherwise this bad boy should be on it's knee's.
  • #21,794
  • Sep 5, 2007 10:38am Sep 5, 2007 10:38am
Quoting Zoran
There is DOW support in 13250 region. Could be a nice long area otherwise reverse and short if support breaks (blue ellipse).
OK, lets see if DOW turns. I'm in long now with a tight stop.
  • #21,795
  • Sep 5, 2007 10:42am Sep 5, 2007 10:42am
Quoting Ash
GU driving GY up, otherwise this bad boy should be on it's knee's.
I don't know about you, but I always know I'm making my worst decisions when I'm saying stuff like, "The market should be..." (fill in the blank) and it isn't doing that.

It is soooooo hard to take the emotion out. Sooooo hard to just accept it, without trying to figure it all out. My goal... and I'm not there yet... is to stick with "I expect the market to...", and if it doesn't, just accept I'm WRONG, and stop. If it isn't doing what I expect, I don't have the experience to know what the market is doing.... RIGHT NOW. Maybe later my analytical skills are a better match, but right now, maybe NOT. When the market starts meeting my expectations, I'm in the groove. Somedays I'm good, many days I'm not. If I paid proper attention to this, I'd be a winner for sure.

The market is what it is, does what it does. WE put the SHOULD on it, and it all goes to crap.
  • #21,796
  • Sep 5, 2007 10:46am Sep 5, 2007 10:46am
Quoting coolhand
A real tug of war with cable up and uj going down.
Yeah. Looks like the Pound and Yen aren't really going anywhere. USD is going down bad though.
  • #21,797
  • Sep 5, 2007 10:50am Sep 5, 2007 10:50am
Dow was struggling to close under a 50% fibo line, m30 successfully closed under it, however, i guess we need to see an h1 closing under it at least for some realy downward action, then we'll get our shorts running. hopefully soon

i'm not in any position yet, just waiting on m30 to cross downwards, then i'll enter short. i'll stay out of the market untill then.
  • #21,798
  • Sep 5, 2007 10:50am Sep 5, 2007 10:50am
Come on DOW, up you go my friend!
  • #21,799
  • Sep 5, 2007 10:51am Sep 5, 2007 10:51am
U.S. Stocks Fall on Concern Over Housing Slump, Interest Rates

http://www.bloomberg.com/apps/news?p...3aI&refer=home
  • #21,800
  • Sep 5, 2007 10:51am Sep 5, 2007 10:51am
Quoting tondekeman
Yeah. Looks like the Pound and Yen aren't really going anywhere. USD is going down bad though.
As the usd/jpy goes all the yen pairs go, is that correct? So is the g/j just artificially inflated right now b/c of pound strength?
13 traders viewing now