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

  • #25,941
  • Sep 13, 2007 5:13am Sep 13, 2007 5:13am
Quoting auslanco
1 hr retracement is due..
retracement is around 232.15 right ?
  • #25,942
  • Sep 13, 2007 5:14am Sep 13, 2007 5:14am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting auslanco
when the the dot accompanied the arrow 12 bars ago @ 231.80 .. you guys didnt buy.. so it's too bad
Cutting the Grass, stop the misses nagging, never mind plenty more pips in the market
  • #25,943
  • Sep 13, 2007 5:16am Sep 13, 2007 5:16am
Quoting Syafi
retracement is around 232.15 right ?

1hr 5sma retracement means when ever the price hits the 5 sma. It may be on this hour.. or another hour.
  • #25,944
  • Sep 13, 2007 5:16am Sep 13, 2007 5:16am
Good to see that trendline has finally broken. Next target is 235.

Updated charts in Aus's analysis thread - though nothing has really changed with them since 3 weeks ago (those charts are still in play). Link here

http://www.forexfactory.com/showthre...18#post1590118

PS. There is a reverse head and shoulders on that trendline also (1hr). Nice bit of extra confirmation.
  • #25,945
  • Sep 13, 2007 5:18am Sep 13, 2007 5:18am
Quoting karmostaji
Looking at UJ, it failed to break 114.73

I'm having double thoughts, which one to trust..
As you know U/J usually follows equities which are all down in Europe as are the US futures. U/J bounced off R2 and the 1H 200 SMA. It should go down from here.

Cable had negative news earlier and fell which is why G/J didn't fly with the other crosses.

Unless US futures change direction my bias would be to short the crosses from here.

Just info. and an opinion but I'm risking U/J short. As I said yesterday I find G/J too difficult just now because U/J and G/U keep negating each other.
  • #25,946
  • Sep 13, 2007 5:19am Sep 13, 2007 5:19am
I show a little bit of a possible roadblock coming up. A daily and weekly fib at around 232.53.
  • #25,947
  • Sep 13, 2007 5:19am Sep 13, 2007 5:19am
a close of the 1 hr candle above 232.50 , will make it bullish, till then, not safe to go for long term longs, scalping would be fun and good
  • #25,948
  • Sep 13, 2007 5:19am Sep 13, 2007 5:19am
Aus do you know what this means.. I know what a delta risk reversal is.. but I can't figure out this statement :

Dealers report a very large seller 2yr 25 delta risk reversal in London this morning. Contract given [USD 2bln a leg] @ 4.7 JPY calls. Recall on the London open - 1yr 25 delta risk reversals were given @ 4.5 JPY calls from levels at 4.95-4.9
  • #25,949
  • Sep 13, 2007 5:19am Sep 13, 2007 5:19am
Quoting auslanco
1 hr retracement is due..
1hr retracement will be at 232.08?
  • #25,950
  • Sep 13, 2007 5:22am Sep 13, 2007 5:22am
Quoting auslanco
when the the dot accompanied the arrow 12 bars ago @ 231.80 .. you guys didnt buy.. so it's too bad
Not me,I took one mini,and now I see your strategy buy,but do not know why stop at .42, is that the minor daily 13ma?
  • #25,951
  • Sep 13, 2007 5:23am Sep 13, 2007 5:23am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting brucehvn
I show a little bit of a possible roadblock coming up. A daily and weekly fib at around 232.53.
thats, what kept me out, we've bouncing between 2 fibs 232.50 and 231.50. i await the break, but do favour the longs as we have now cleared my decending TL, posted chart a few pages back.
  • #25,952
  • Sep 13, 2007 5:25am Sep 13, 2007 5:25am
There is no 1hr retracement... never ... ever ..ever. Infact there is nothing called a retracement. Please ignore this retrcement business
  • #25,953
  • Sep 13, 2007 5:26am Sep 13, 2007 5:26am
Quoting auslanco
when the the dot accompanied the arrow 12 bars ago @ 231.80 .. you guys didnt buy.. so it's too bad
i took the 15min strat but my qqe1 only crossed back up at around 232.35
  • #25,954
  • Sep 13, 2007 5:27am Sep 13, 2007 5:27am
Quoting MPP
thats, what kept me out, we've bouncing between 2 fibs 232.50 and 231.50. i await the break, but do favour the longs as we have now cleared my decending TL, posted chart a few pages back.
In fact,I believe when we use Aus strategy we just use it mainly.If we are infulenced by too much MA or TL,we are not following it at all.
  • #25,955
  • Sep 13, 2007 5:27am Sep 13, 2007 5:27am
Trade what you see, not what you think.
  • #25,956
  • Sep 13, 2007 5:28am Sep 13, 2007 5:28am
  •  jmatt
  • | Joined Jul 2007 | Status: Forex is great, God is better!!! | 60 Posts
Quoting auslanco
There is no 1hr retracement... never ... ever ..ever. Infact there is nothing called a retracement. Please ignore this retrcement business
..ok
  • #25,957
  • Sep 13, 2007 5:33am Sep 13, 2007 5:33am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Iceage
In fact,I believe when we use Aus strategy we just use it mainly.If we are infulenced by too much MA or TL,we are not following it at all.
I'm new to Aus statagy, so not putting money on it until i fully get it, i like it and from what i can see, it's really successfull, but i am a TL fib kind of guy by nature, so keep three charts open, mine Aus 4h and 1h. currently i just feel there is a little to much resistence to close, old system, but i can see that others are making good pips from the plan.

My fingers are however chomping at the bit to trade this. so will be there soon.
  • #25,958
  • Sep 13, 2007 5:39am Sep 13, 2007 5:39am
Quoting Iceage
Not me,I took one mini,and now I see your strategy buy,but do not know why stop at .42, is that the minor daily 13ma?
QQE1 only for re-entry. The original entry was at 231.80 area.
  • #25,959
  • Sep 13, 2007 5:40am Sep 13, 2007 5:40am
YEEE!! Just came back and saw the upside breakout Finally, and as I expecting the EY led the way.

Because the UY still has space to go up until the decreasing TL on the daily, around 115.50, so will the EY and GY in the short term. EY is well sustained by Euro bullishness, the only problem is with the damn cable which I really cant understand.

Anyway, I believe in the uptrend for GY. What gives me confidence was the fact that after the post-NFP break at 230, on monday the gap was filled really quick and there are still no signs of stalling.

This situation reminded me of the march 19, when after a gap of 70 pips, from 226.70 to 225.80 made between friday and monday, on monday the gap got filled quickly and the uptrend resumed from there really fast, as you can see on the daily chart. Of course it took me 300 more pips to the upside to shift my belief from bearishness to bullishness. The only difference between then and now was that the cable was bullish too.
We leave no soldier behind.
  • #25,960
  • Sep 13, 2007 5:45am Sep 13, 2007 5:45am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting auslanco
QQE1 only for re-entry. The original entry was at 231.80 area.
http://forexfactory.com/showpost.php...ostcount=25940

Aus was the chart correct, if so i will add it as an example to the document.

Regards

MPP
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