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

  • #30,381
  • Sep 20, 2007 3:41pm Sep 20, 2007 3:41pm
Quoting kuroro001
115 seems high mate.
If UJ reaches 115, how much you expect GJ to reach? 231 ?
That's just my rookie opinion.. mate.. please do not take my opinion seriously.. the only ones that matter here are Aus and karmo

UJ could reach 115.00.. it seems high, but possible during Asian session. The USD sell off last night was largely due to that Saudi Arabia rumor of breaking the currency peg with the dollar.. which was refuted today. Then there are rumors of an ECB rate cut .. again, just rumors..

Overall the situation is very very bearish.. I would look at any rally in UJ or GJ as a change to get into shorts. I doubt anyone is willing to rush in a carry trade now lol. Even Bernanke was trying to stop the dollar's fall by saying 'inflation is still a concern' yeah sure bernie.. after promising to cut rates some more. These guys talk BS all the time
  • #30,382
  • Sep 20, 2007 3:50pm Sep 20, 2007 3:50pm
Quoting VishalJ
That's just my rookie opinion.. mate.. please do not take my opinion seriously.. the only ones that matter here are Aus and karmo

UJ could reach 115.00.. it seems high, but possible during Asian session. The USD sell off last night was largely due to that Saudi Arabia rumor of breaking the currency peg with the dollar.. which was refuted today. Then there are rumors of an ECB rate cut .. again, just rumors..

Overall the situation is very very bearish.. I would look at any rally in UJ or GJ as a change to get into shorts. I doubt anyone is willing to rush in a carry trade now lol. Even Bernanke was trying to stop the dollar's fall by saying 'inflation is still a concern' yeah sure bernie.. after promising to cut rates some more. These guys talk BS all the time

Yeh i see,
But no worries, i don't take any opinions seriously here, no one knows what this pair will do.
Thanks for the explanation
COT: The precious data ignored
  • #30,383
  • Sep 20, 2007 3:55pm Sep 20, 2007 3:55pm
Quoting kuroro001
The kijun turned down on the 1h.
That's nice, but i might be wrong
Does it matter that the cross on 1hr was above the cloud, also what TF do you find most useful for day trades and confirmation with Aus's system?

Thankshttp://forexfactory.com/images/icons/dollar.gif
Think BIG!
  • #30,384
  • Sep 20, 2007 4:00pm Sep 20, 2007 4:00pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
ok so heres a thought.

Currently holding a short trade and were about to roll over so i will be charged, not worth getting out of trade as it is -21 pips. we now it will short and that it is currently on a retrace to the 4h 5sma.

expecting the trade to go long to around 230.85 we could MM allowing take a long trade to offset the rol and make a few extra pips, the 15min strat is good for a long, but is outside the trading times and wrong side of pivot so we shouldn't aim for 100pips.

just a thought and something i am going to watch for future.
  • #30,385
  • Sep 20, 2007 4:05pm Sep 20, 2007 4:05pm
wow look at the retrace

still holding short 229.95 .. currently -49pips

are we still looking at a 228XX target?
  • #30,386
  • Sep 20, 2007 4:06pm Sep 20, 2007 4:06pm
Quoting 1ADB
Does it matter that the cross on 1hr was above the cloud, also what TF do you find most useful for day trades and confirmation with Aus's system?

Thankshttp://forexfactory.com/images/icons/dollar.gif

What cross do you mean ? kijun/senkan? if so it happend below the 1h cloud for me.
I often check the 15mn/30mn/1h to see different interactions with all the ichimoku lines and use 5mn for entry point.
About aus'strategy, i mostly use his 15mn strategy, i don't use all the QQE cross thingy and the momentum.
But the low timeframe like 30mn/1h seems good enough for me, now it's up to you to see which one suit you well
Happy trading
COT: The precious data ignored
  • #30,387
  • Sep 20, 2007 4:07pm Sep 20, 2007 4:07pm
Quoting MPP
ok so heres a thought.

Currently holding a short trade and were about to roll over so i will be charged, not worth getting out of trade as it is -21 pips. we now it will short and that it is currently on a retrace to the 4h 5sma.

expecting the trade to go long to around 230.85 we could MM allowing take a long trade to offset the rol and make a few extra pips, the 15min strat is good for a long, but is outside the trading times and wrong side of pivot so we shouldn't aim for 100pips.

just a thought and something i am going to watch for future.
Anything is possible with this pair, but honestly if it can break this 230.30 resistance, it has to get past the 23.6% retrace fib at 230.58. I just don't think it can with the low volume of trading during asian session and considering the DOW closed in the red. I'll short again at 230.60 if we get there. I think we will just range from 229.80 to 230.30 until london then hop on the bear express.
Attached Image (click to enlarge)
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  • #30,388
  • Sep 20, 2007 4:07pm Sep 20, 2007 4:07pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting MPP
ok so heres a thought.

Currently holding a short trade and were about to roll over so i will be charged, not worth getting out of trade as it is -21 pips. we now it will short and that it is currently on a retrace to the 4h 5sma.

expecting the trade to go long to around 230.85 we could MM allowing take a long trade to offset the rol and make a few extra pips, the 15min strat is good for a long, but is outside the trading times and wrong side of pivot so we shouldn't aim for 100pips.

just a thought and something i am going to watch for future.
should have adding was more thinking about Wednesdays when roll is multiplied.
  • #30,389
  • Sep 20, 2007 4:10pm Sep 20, 2007 4:10pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting lepiricus
Anything is possible with this pair, but honestly if it can break this 230.30 resistance, it has to get past the 38.2% retrace fib at 230.58. I just don't think it can with the low volume of trading during asian session and considering the DOW closed in the red. I'll short again at 230.60 if we get there. I think we will just range from 229.80 to 230.30 until london then hop on the bear express.

No fibs on my chart, purely set up on Aus's system and didn't look at my GJ fib chart.

Just trying to get to grips with Aus's setup's and some of it's possibilities.

I will be adding another short at the 4h 5sma, lets see were it goes.
  • #30,390
  • Sep 20, 2007 4:13pm Sep 20, 2007 4:13pm
Quoting lepiricus
Anything is possible with this pair, but honestly if it can break this 230.30 resistance, it has to get past the 23.6% retrace fib at 230.58. I just don't think it can with the low volume of trading during asian session and considering the DOW closed in the red. I'll short again at 230.60 if we get there. I think we will just range from 229.80 to 230.30 until london then hop on the bear express.
Oh, and Hakunas 15m 50 ema is at 230.60 and Auslanco's 4 hr 5sma are at 230.60. We'll see.
  • #30,391
  • Sep 20, 2007 4:15pm Sep 20, 2007 4:15pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Here's a 1h chart with the new MT4 fib indicator

230.85 is 50%

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 56 KB


Cheers to Venci for the indicator, look back 2 -3 pages for it or look under the paperclip at the top of this page.
  • #30,392
  • Sep 20, 2007 4:24pm Sep 20, 2007 4:24pm
anybody short yet?
  • #30,393
  • Sep 20, 2007 4:28pm Sep 20, 2007 4:28pm
Quoting dragon
anybody short yet?
short 230.56. 4 hour 5 sma
Indicators show the past. Price Action "Indicates" the future.
  • #30,394
  • Sep 20, 2007 4:31pm Sep 20, 2007 4:31pm
I added another short at 230.60, TP 230.00, SL 230.90. Just scalping this one
  • #30,395
  • Sep 20, 2007 4:33pm Sep 20, 2007 4:33pm
short at 230.42
  • #30,396
  • Sep 20, 2007 4:34pm Sep 20, 2007 4:34pm
Quoting dragon
anybody short yet?
230.57 and 230.5
  • #30,397
  • Sep 20, 2007 4:36pm Sep 20, 2007 4:36pm
added short at 230.45
  • #30,398
  • Sep 20, 2007 4:39pm Sep 20, 2007 4:39pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
still short from 230.03
waiting for my 4h to close so i can see were it's going 20mins left. then will add again
  • #30,399
  • Sep 20, 2007 4:43pm Sep 20, 2007 4:43pm
Gonna wait this out looks like a reversal rather than a retracement.
  • #30,400
  • Sep 20, 2007 4:52pm Sep 20, 2007 4:52pm
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