Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 1168 | 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)

  • #23,341
  • Sep 7, 2007 3:30pm Sep 7, 2007 3:30pm
Zoran...

i know pal, i did say that i believed in your charts before and i did say i made 1200 pips based on the call from 249

i truly respect everyone's analysis here, i just mix all with my own and make lots of pips. i've never made so many pips in my forex life until i found this forum.

we all can use a sense of humor every now and then...
however, back to business.... there's a chart that explains alot of the things going on in my little brain.

i have 2 fibos drawn:
251.09 - 219.32 (yellow)
244.04 - 219.32 (blue -aqua)

the blue fibo 50.0 line was a bitch the last couple of weeks. however, today we've sucessfully seen the slaughter of that line. there is another one that's bothering me which is the 38.2 blue line, and if successfully broken, we shall see a test of the yellow 23.6 line....

i've also drawn a purple trendline that has provided support for the past days, however, right now it was a major reason we didn't see a retrace to the h1 5sma everyone was wondering about (trendline had a reading of 230.26). this trendline will provide us with alot of resistence next week, i think. and any short orders under it, i think will be safe (i hope).

would love it if u take a look at it zoran, please give some feedback.

lilmoe

Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 35 KB
  • #23,342
  • Sep 7, 2007 3:40pm Sep 7, 2007 3:40pm
Quoting lilmoe
Zoran...

would love it if u take a look at it zoran, please give some feedback.

lilmoe

OK, I have had a look and I can say it is very pretty and colourful.

A+ for presentation.

Z
  • #23,343
  • Sep 7, 2007 3:47pm Sep 7, 2007 3:47pm
Quoting Zoran
OK, I have had a look and I can say it is very pretty and colourful.

A+ for presentation.

Z



seriously dude.....
here's a monthly chart...

Attached Image (click to enlarge)
Click to Enlarge Name: monthly.gif Size: 20 KB
  • #23,344
  • Sep 7, 2007 4:01pm Sep 7, 2007 4:01pm
The candles for today's trading closed below the 23.6.
  • #23,345
  • Sep 7, 2007 4:02pm Sep 7, 2007 4:02pm
Quoting lilmoe
seriously dude.....
here's a monthly chart...
OK, I'll be serious.

Today was a nice day. Big move and lots of pips! Now I am flat and intend to stay that way until Tuesday. After big days like today and for those that have made some nice pips, I would say keep them and don't gamble! This game is not only about making pips but also about keeping them.

So my plan is not to trade until Tuesday and do some analysis on Monday night. I should have a chart ready by then.

Have a great weekend all.
  • #23,346
  • Sep 7, 2007 4:13pm Sep 7, 2007 4:13pm
Quoting lilmoe


seriously dude.....
here's a monthly chart...

Attachment

Hey Iilmoe,

Show this monthly chart to Hakuna Matata....
for his interpretation.

He's adept at the 50ema.

I hope you'll continue to show these colorful charts
in MTF's on a regular basis for all to benefit.

Dr. D.
  • #23,347
  • Sep 7, 2007 4:24pm Sep 7, 2007 4:24pm
Before I go, I'd like to give lilmoe some homework. He seems quite enthusiastic.

Get your MT4 monthly chart out and zoom out as far as you can go. Check the price at 1992 and go back until 1991. What are the high and lows then compared to now? Also, what do you think will happen next?

As a trader, we should all be aware that price is forecast on the past. Even if that is 15 or more years ago.

Z

For some bonus points, get your cable (GBP/USD) monthly chart out. Zoom out and tell me what year did we bounce off when considering the recent high?
  • #23,348
  • Sep 7, 2007 5:17pm Sep 7, 2007 5:17pm
Just some FYI...

Non-farm payroll employment increased by 92,000 in July, after posting
advances of 126,000 in June and 188,000 in May. Private payrolls rose
by 120,000 in July after 107,000 in June. The bulk of the July
softening in payrolls was in a 28,000 drop in government payrolls. The
decline in government jobs was primarily in local and state government
education categories that can have difficult-to-adjust seasonal swings
at the start of summer.

Key factors thought to influence this months Non-Farm Payroll report
include:
- A return to 6 month trend growth after July's weakest gain since
February
- Goods producing jobs are expected to show a fifth consecutive
decline.
Both construction and manufacturing are expected to slip
- Private service providing jobs are expected to rise to 120k after a 3
month average of 147k
- The Unemployment Rate is expected to rise to 4.7%

The Labor Department reported, in the week ending September 1, the
advance figure for seasonally adjusted initial claims was 318,000, a
decrease of 19,000 from the previous week's revised figure of 337,000.
The 4-week moving average was 325,750, an increase of 500 from the
previous week's revised average of 325,250.

IBFX-GPS

If you haven't had time to take a look at our chart pattern recognition
tool, IBFX-GPS, now is the perfect time. This tool is free to anyone
with a live account and available on limited pairs for demo accounts.
It will scan multiple currency pairs across multiple time frames
looking
for recently completed and emerging patterns. Download yours here -
http://www.interbankfx.com/Tools/GPS/Default.aspx

About the Non Farm Payroll report

Of all the world monthly economic reports that can move the currency
market, this is it! The monthly US Non Farm Payroll report. This
report is the most highly anticipated report each month that can have
the most dramatic impact on the markets.

The employment data gives the most comprehensive report on how many
people are looking for jobs, how many have them, what the y are getting
paid and how many hours they are working. These numbers are the best
way to gauge the current state as well as the future direction of the
US
economy.

The employment numbers are used as another tool by the Federal Reserve
in shaping their interest rate policies. The health of the US economy
and US interest rates translates to the strength or weakness of the US
dollar.

Risk with News Trading

As with all major economic releases there could be significant price
volatility with this announcement. Currency spreads will typically
widen just before the release and will remain wide for a few minutes
after. If the announcement is a shock to the consensus estimate, the
price of t he currency pair could gap significantly. For example, the
price on the EURUSD trading at 1.2820 - 1.2822 just before release
could
gap up 60 pips to 1.2880 - 1.2882, without any available prices
available between the price of 1.2820 and 1.2882. A Buy Stop placed
before the announcement at 1.2830 would turn into a Market Order and
would be filled at the prevailing price 1.2882. The same would be true
with a Sell Stop.

Approximately four years ago we saw a gap of approximately 200 pips on
the GBPUSD on a Non-Farm Payroll announcement. While this is an
extreme
example, this is what is possible with trading during economic
announcements. Basically, plan on the spreads widening and if you are
trading with a Buy or a Sell Stop entry order, do not anticipate being
filled at your entry price. You will be filled at the prevailing market
price after the release, and this market price could be significantly
different from your desired price of you r entry order.
  • #23,349
  • Sep 7, 2007 7:25pm Sep 7, 2007 7:25pm
Quoting Zoran
Before I go, I'd like to give lilmoe some homework. He seems quite enthusiastic.

Get your MT4 monthly chart out and zoom out as far as you can go. Check the price at 1992 and go back until 1991. What are the high and lows then compared to now? Also, what do you think will happen next?

As a trader, we should all be aware that price is forecast on the past. Even if that is 15 or more years ago.

Z

For some bonus points, get your cable (GBP/USD) monthly chart out. Zoom out and tell me what year did we bounce off when considering the recent high?

wouldn't want to go back that far in forex mr smart ass

the world wasn't the same, and the soviet union isn't anymore, things changed dude, computers weren't all over the place, microsoft wasnt the biggest software giant, neither was intel. dude, when u want patterns... look at something a bit newer, i don't know how the hell u guys think that technical patterns are solely dependent on charts.................
foreign policy, politics, war, lots of other stuff control what's going on here. patterns form based on that kind of stuff....

i wouldn't go back that far. and sorry if ur charts blew up dude, i was trying to be nice, but u'r just bein an ass. if u can't take a joke plz don't post here...... or at least just ignore me.

thanks
  • #23,350
  • Sep 7, 2007 8:41pm Sep 7, 2007 8:41pm
Quoting Zoran
OK, I have had a look and I can say it is very pretty and colourful.

A+ for presentation.

Z
also looks quite bearish eh?
  • #23,351
  • Sep 7, 2007 8:58pm Sep 7, 2007 8:58pm
Quoting lilmoe
wouldn't want to go back that far in forex mr smart ass

the world wasn't the same, and the soviet union isn't anymore, things changed dude, computers weren't all over the place, microsoft wasnt the biggest software giant, neither was intel. dude, when u want patterns... look at something a bit newer, i don't know how the hell u guys think that technical patterns are solely dependent on charts.................
foreign policy, politics, war, lots of other stuff control what's going on here. patterns form based on that kind of stuff....

i wouldn't go back that far. and sorry if ur charts blew up dude, i was trying to be nice, but u'r just bein an ass. if u can't take a joke plz don't post here...... or at least just ignore me.

thanks
Things may change but then some things stay the same. for instance on the cable a long standing 61.8 fib for over two decades was at 1.91
chart patterns still take place decades later, and although that fib has been tested time and time again with new recent highs I might add we are still a lot better off then the days of jimmy carter. so chin up and take zorans homework to heart.
  • #23,352
  • Sep 7, 2007 10:17pm Sep 7, 2007 10:17pm
Hello buddy,

Is that picture your real pic?

-A.
  • #23,353
  • Edited 11:02pm Sep 7, 2007 10:43pm | Edited 11:02pm
Quoting lilmoe
wouldn't want to go back that far in forex mr smart ass

the world wasn't the same, and the soviet union isn't anymore, things changed dude, computers weren't all over the place, microsoft wasnt the biggest software giant, neither was intel. dude, when u want patterns... look at something a bit newer, i don't know how the hell u guys think that technical patterns are solely dependent on charts.................
foreign policy, politics, war, lots of other stuff control what's going on here. patterns form based on that kind of stuff....

i wouldn't go back that far. and sorry if ur charts blew up dude, i was trying to be nice, but u'r just bein an ass. if u can't take a joke plz don't post here...... or at least just ignore me.

thanks
I would like to agree with you lilmoe and By the way, great input with your charts keep going buddy. Technical paterns are created by events such as wars and econony statements and politics. What makes me laugh on this thread is, when people pluck out old posts and claimed they predicted it. but i can also pluck out posts by these people(which i will not do) who predicted it might go the other way.So its 50/50 posibility and one will be right. I am new to forex and have plenty to learn but i will give you a prediction that is 100% guaranteed. the GBP/JPY is going to reach karmo's 251 and it will reach markhams 210 and when this happens, i will post my predictions from this post. it might take months or years but it will happen. So we need to work out something more precise and take pips day at a time rather than warrying about what was 10 yers ago. or what will be 10 years from now. I am not discounting history, but the only thing that will tell me where we are going is the auslanco's trading system which will take us back in history or the future a step at a time. This is not an atack on anyone, and far from me to tell people what to post. People can disagree, But i prefer posts that are educational that is a benifit to all rather than what was, and self back patting. its just my thoughts and probably means nothing to anyone else but myself.

And yes, i did miss the boat friday and i am pissed off. Blody broakers, they should all be locked up. had a order 20 pips below the price at anouncement and did not get activated when it flew past it. still shows on order colum as active but not trigered

PS.Absalutely loath trade call with no charting or any reason why the call. so i nominate my self for the whiners list aus might as well give me the prize now :-)
  • #23,354
  • Sep 7, 2007 11:02pm Sep 7, 2007 11:02pm
Quoting bill77
I would like to agree with you lilmoe and By the way, great input with your charts keep going buddy. Technical paterns are created by events such as wars and econony statements and politics. What makes me laugh on this thread is, when people pluck out old posts and claimed they predicted it. but i can also pluck out posts by these people(which i will not do) who predicted it might go the other way.So its 50/50 posibility and one will be right. I am new to forex and have plenty to learn but i will give you a prediction that is 100% guaranteed. the GBP/JPY is going to reach karmo's 251 and it will reach markhams 210 and when this happens, i will post my predictions from this post. it might take months or years but it will happen. So we need to work out something more precise and take pips day at a time rather than warrying about what was 10 yers ago. or what will be 10 years from now. I am not discounting history, but the only thing that will tell me where we are going is the auslanco's trading system which will take us back in history or the future a step at a time. This is not an atack on anyone, and far from me to tell people what to post. People can disagree, But i prefer posts that are educational that is a benifit to all rather than what was, and self back patting. its just my thoughts and probably means nothing to anyone else but myself.

And yes, i did miss the boat friday and i am pissed off. Blody broakers, they should all be locked up. had a order 20 pips below the price at anouncement and did not get activated when it flew past it. still shows on order colum as active but not trigered

amen.--well said bill

most in here are intraday( some intraweek) traders--so we analyse the charts constantly thru out the day and take trades accordingly. its good for everyone to share their trades and charts as long as they explain them.
remember "every jack ass has an opinion" and everyone can contribute with reason.
bill this cracked me up : "So its 50/50 posibility and one will be right. I am new to forex and have plenty to learn but i will give you a prediction that is 100% guaranteed. the GBP/JPY is going to reach karmo's 251 and it will reach markhams 210 and when this happens, i will post my predictions from this post. "
"i prefer posts that are educational that is a benifit to all rather than what was, and self back patting."

well said buddy ---well said !

happy trading nxt week --ill post some chart art later
  • #23,355
  • Sep 7, 2007 11:41pm Sep 7, 2007 11:41pm
Hakuna Matata...dat name sounds interesting.coming out of ????.
looking up some ananlysis on ther carry trades,some guy said its time to go long on GJ when the asian market open.i'm a newbie though but seems we are having a repeat of what happened to carry trades last month.categorically,why would the asian markets open next week with GJ shooting north?
@ Bill
you said it all.we are here to learn from each othe especially newbies like me that have lost almost all i invested before finding this forum.analysis should replace bikkering.
we win!
  • #23,356
  • Sep 7, 2007 11:47pm Sep 7, 2007 11:47pm
Quoting lilmoe
wouldn't want to go back that far in forex mr smart ass

the world wasn't the same, and the soviet union isn't anymore, things changed dude, computers weren't all over the place, microsoft wasnt the biggest software giant, neither was intel. dude, when u want patterns... look at something a bit newer, i don't know how the hell u guys think that technical patterns are solely dependent on charts.................
foreign policy, politics, war, lots of other stuff control what's going on here. patterns form based on that kind of stuff....

i wouldn't go back that far. and sorry if ur charts blew up dude, i was trying to be nice, but u'r just bein an ass. if u can't take a joke plz don't post here...... or at least just ignore me.

thanks
Whoa there...I didn't see an insult...and I don't think Zoran meant to offend you.
  • #23,357
  • Sep 7, 2007 11:49pm Sep 7, 2007 11:49pm
Quoting Hakuna Matata
amen.--well said bill

most in here are intraday( some intraweek) traders--so we analyse the charts constantly thru out the day and take trades accordingly. its good for everyone to share their trades and charts as long as they explain them.
remember "every jack ass has an opinion" and everyone can contribute with reason.
bill this cracked me up : "So its 50/50 posibility and one will be right. I am new to forex and have plenty to learn but i will give you a prediction that is 100% guaranteed. the GBP/JPY is going to reach karmo's 251 and it will reach markhams 210 and when this happens, i will post my predictions from this post. "
"i prefer posts that are educational that is a benifit to all rather than what was, and self back patting."

well said buddy ---well said !

happy trading nxt week --ill post some chart art later
Hakuna,

Just note that you changed your signature,hope for that too,I take a position over night,do you think in this case Monday will go down and have a gap in Aisan session and London will cover the gap later.
  • #23,358
  • Sep 7, 2007 11:52pm Sep 7, 2007 11:52pm
Quoting Iceage
Hakuna,

Just note that you changed your signature,hope for that too,I take a position over night,do you think in this case Monday will go down and have a gap in Aisan session and London will cover the gap later.
Im in the process of art chart--keep ya'all posted
  • #23,359
  • Sep 8, 2007 12:02am Sep 8, 2007 12:02am
Quoting Hakuna Matata
Im in the process of art chart--keep ya'all posted
Great,God bless us to touch 213,I do some wave count,start from the 251 drop,now we are still in wave 4,or I would rather take it as early wave 5,213 is a good end of it.
  • #23,360
  • Sep 8, 2007 12:09am Sep 8, 2007 12:09am
now u all know about the FUNDAMENTALS:

TECHNICALS:


THE CHARTS SAY IT ALL:

TOOLS I USE TO ANALYSE: MONTHLY PIVOT AND ITS S/R LEVELS, FIBS, MACD, QQE, PSAR, 50EMA, 100SMA (2OOSMA/EMA-IN LARGER TF), CCI(18), CANDLESTICK PATTERNS, STOCHS, AND RECENT S/R LEVELS
EMA CROSSOVERS FOR SMALLER T/F TREND INDICATION: 6EMA/13 SMA AND 10EMA/21 EMA

I KEEP AN EYE OUT ON ALL OF THE ABOVE


PS-- RETRACEMENTS POSSIBLE: ON 4HR TO 100SMA , 5SMA OR 38.2% FIB

POINTS:

GOOD ANGLE/SEPARATION OF 21/10EMA ON 4HR

ENJOY

PS--ALWAYS WATCH THE 50EMA ON 15/30/1HR
Attached Image(s) (click to enlarge)
Click to Enlarge Name: weekly.gif Size: 48 KB
Click to Enlarge Name: daily.gif Size: 43 KB
Click to Enlarge Name: 4hrly.gif Size: 46 KB
237 traders viewing now