Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 1364 | 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)

  • #27,261
  • Sep 14, 2007 12:43pm Sep 14, 2007 12:43pm
I am thinking that on the 5 minute chart this could possibly be a triple top formation in convergence with the fib retracement. It couldnt get past the 50% retrace and now has tried 2 more times and now I think buying pressure may be a little exhausted as some in the market look at longs as a lost cause. Just my little take. Any comments at all?
I dream, therefore I become.
  • #27,262
  • Sep 14, 2007 1:08pm Sep 14, 2007 1:08pm
Quoting mike w
I am thinking that on the 5 minute chart this could possibly be a triple top formation in convergence with the fib retracement. It couldnt get past the 50% retrace and now has tried 2 more times and now I think buying pressure may be a little exhausted as some in the market look at longs as a lost cause. Just my little take. Any comments at all?
H1 stochastic now nearing peak without any substantial increase in RSI. I agree and I am staying short.

Just needs patience, I think. Dow making new daily highs not helping. Currently short (ignore sig.)
Gone to a better place
  • #27,263
  • Sep 14, 2007 1:23pm Sep 14, 2007 1:23pm
Quoting mike w
I am thinking that on the 5 minute chart this could possibly be a triple top formation in convergence with the fib retracement. It couldnt get past the 50% retrace and now has tried 2 more times and now I think buying pressure may be a little exhausted as some in the market look at longs as a lost cause. Just my little take. Any comments at all?

When i'm looking at the 5mn chart using ichimoku, i see that the cloud is still bullish. As long as it is bullish, bulls are in control.
But the cloud is getting thiner, and it seems it should soon be bearish.
I'll consider a little short when the cloud turns bearish.
COT: The precious data ignored
  • #27,264
  • Sep 14, 2007 1:25pm Sep 14, 2007 1:25pm
I'm just bored and feeling really sick, guess I'm getting a cold/flu

What will DOW do in the last hour of trading? sell-off? bull-run? nothing?
Trade what you see, not what you think.
  • #27,265
  • Sep 14, 2007 1:27pm Sep 14, 2007 1:27pm
There will be a DOW rally into the last hour ... even though I would love to see the DOW getting slammed a bit I doubt that this will happen. The reason is that 13500 is soooooooooo damn close ... And a DOW close above that would unlock the upside again. It is far too tempting for the big fish bulls to take over the action from 1500 EST.

Anyway ... I am still speculating on the DOW to turn into negative again...
It's 50/50 at the moment.
  • #27,266
  • Sep 14, 2007 1:30pm Sep 14, 2007 1:30pm
Quoting kuroro001
When i'm looking at the 5mn chart using ichimoku, i see that the cloud is still bullish. As long as it is bullish, bulls are in control.
But the cloud is getting thiner, and it seems it should soon be bearish.
I'll consider a little short when the cloud turns bearish.

would u please attach the chart... and a brief explanation.....tq...
  • #27,267
  • Sep 14, 2007 1:30pm Sep 14, 2007 1:30pm
Quoting Steve@London
There will be a DOW rally into the last hour ... even though I would love to see the DOW getting slammed a bit I doubt that this will happen. The reason is that 13500 is soooooooooo damn close ... And a DOW close above that would unlock the upside again. It is far too tempting for the big fish bulls to take over the action from 1500 EST.

Anyway ... I am still speculating on the DOW to turn into negative again...
It's 50/50 at the moment.
After the Feds announcement, it will probably crash like no tomorrow..

I think DOW will sell-off towards the end of the day.
Trade what you see, not what you think.
  • #27,268
  • Sep 14, 2007 1:36pm Sep 14, 2007 1:36pm
Quoting karmostaji
I'm just bored and feeling really sick, guess I'm getting a cold/flu
No Flu just side effect of fasting . . . . .
  • #27,269
  • Sep 14, 2007 1:45pm Sep 14, 2007 1:45pm
Quoting Steve@London
There will be a DOW rally into the last hour ... even though I would love to see the DOW getting slammed a bit I doubt that this will happen. The reason is that 13500 is soooooooooo damn close ... And a DOW close above that would unlock the upside again. It is far too tempting for the big fish bulls to take over the action from 1500 EST.

Anyway ... I am still speculating on the DOW to turn into negative again...
It's 50/50 at the moment.
From looking at the treasuries which is already turned negative. Usually, if this stays red at close, Dow would not and could not rally in the last hour
  • #27,270
  • Sep 14, 2007 1:48pm Sep 14, 2007 1:48pm
Quoting HnP
would u please attach the chart... and a brief explanation.....tq...
Sure,

Look at the chart, as you can see , the pair is trading above the kumo cloud which mean it is bullish (for the 5mn tf)
We've seen a nice bounces off the flat bottom of the cloud.
Successfull bounce cause the leading kumo was bullish.
At the end of my chart, the kumo is still bullish but it's really thin, maybe we'll see a cross so the bullish kumo will turn into a bearish one.
So before taking a short position i'll see if the 5mn kumo cloud is bearish or not
If you didn't understand , just tell me
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 42 KB
COT: The precious data ignored
  • #27,271
  • Sep 14, 2007 1:50pm Sep 14, 2007 1:50pm
Quoting SailingAway
Certainly, the DOW tracks this pair like that falcon on KArmo's shoulder! The question is, what will be the reaction to any one of the following FOMC decisions:

No cut (maintain inflation fighting bias)
No cut (but bias toward cut)
25 basis point cut

If SHORTS are maintained over the weekend . . . that only leaves the price/DOW action on Monday to address. Like to here ideas.

Regards

I think either one of those decisions will tank the market - only a 50 basis point will drive the market up - 25 basis point at this point has already figured into the market.
  • #27,272
  • Sep 14, 2007 1:54pm Sep 14, 2007 1:54pm
Quoting Steve@London
There will be a DOW rally into the last hour ... even though I would love to see the DOW getting slammed a bit I doubt that this will happen. The reason is that 13500 is soooooooooo damn close ... And a DOW close above that would unlock the upside again. It is far too tempting for the big fish bulls to take over the action from 1500 EST.

Anyway ... I am still speculating on the DOW to turn into negative again...
It's 50/50 at the moment.
Quoting mktjong
From looking at the treasuries which is already turned negative. Usually, if this stays red at close, Dow would not and could not rally in the last hour
By the way, the US treasuries closes one hour earlier than Dow http://www.forexfactory.com/images/icons/icon14.gif
  • #27,273
  • Sep 14, 2007 2:05pm Sep 14, 2007 2:05pm
Coming into the last hour, I would expect DOW to stay within the confines of that line, so closing above 13,400.
Attached Image (click to enlarge)
Click to Enlarge Name: dow15min.gif Size: 18 KB
  • #27,274
  • Sep 14, 2007 2:26pm Sep 14, 2007 2:26pm
Thanks for the chart and the explanation....... i really appreciate it... not familiar enough, but i ill learn how to use the indicator... tq..
  • #27,275
  • Sep 14, 2007 2:27pm Sep 14, 2007 2:27pm
Man it got boring. After 4 hours of nothing, I don't see any fireworks coming in the last half hour.

There may be more excitement over the weekend with this pair than there has been for most of the market. I will leave at least on short open and hope we get another 100+pip movement down.

Everybody have a great weekend.
  • #27,276
  • Sep 14, 2007 2:29pm Sep 14, 2007 2:29pm
Have a good one. And thanks for your insights.

Is Karmo still around? Karmo, are you holding over as well?
  • #27,277
  • Sep 14, 2007 2:31pm Sep 14, 2007 2:31pm
Quoting BenQ
Have a good one. And thanks for your insights.

Is Karmo still around? Karmo, are you holding over as well?
Yep I'll hold over the weekend and like markam said we better have another 100+ gap
Trade what you see, not what you think.
  • #27,278
  • Sep 14, 2007 2:31pm Sep 14, 2007 2:31pm
looking for that bounce back downwards from the .70 area now.
I dream, therefore I become.
  • #27,279
  • Sep 14, 2007 2:36pm Sep 14, 2007 2:36pm
Is anyone considering that we will see a rise to the 61.8 fib level? I, myself, am not really considering it as a possibility at the moment as it can't seem to be able to break above this level that we are currently at.
I dream, therefore I become.
  • #27,280
  • Sep 14, 2007 2:37pm Sep 14, 2007 2:37pm
Quoting karmostaji
Yep I'll hold over the weekend and like markam said we better have another 100+ gap
yeah, also have my short open and leave it over week-end .. hope a big gap drop on Sunday ..and hit my tp .. would be nice http://www.forexfactory.com/images/icons/icon10.gif
59 traders viewing now