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

  • #31,421
  • Sep 24, 2007 2:57pm Sep 24, 2007 2:57pm
[quote=chris747;1609164]
Quoting karmostaji
I closed my short for a small profit, market is just too slow/boring at the moment.

I'll be back before London opens.[/quote
We will drive that bastard down.... don't worry!
A bad housing report will really drive it lower tomorrow. But I believe Tokyo and London will do a good job of driving it lower as well.
  • #31,422
  • Sep 24, 2007 3:13pm Sep 24, 2007 3:13pm
4H bar closed below the Gann, but the 4H QQE5 is still not quite crossed down.

Price plunged to 231.74, but did not stick around.

Having connection problems now, and will stay out of market until Tokyo / London.

  • #31,423
  • Sep 24, 2007 3:20pm Sep 24, 2007 3:20pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
with the market so slow, and everyone obviously board lets look at Cable.

I've been looking at Aus's system on the cable and it seem to work as well there as it does on GJ.

I would like to know if anyone has back tested it or is using it to trade.

or can someone explain how to backtest on MT4 - even better.
  • #31,424
  • Edited 4:43pm Sep 24, 2007 4:29pm | Edited 4:43pm
Here is my DOW chart. As you can see, the cycle lines (light green) have been very accurate in determining reversal points (or big moves). Now the next one is scheduled at the end of this week (Fri 28th of September) and that is the day I am expecting the next big move. Price could just hover around this current area until such time.

Interestingly, I have a trader friend who has done some Gann analysis on G/U with a time point on that same day, so adding some weight to this analysis. That could be the turning point not only for DOW and G/U but G/J and many others. Now I am expecting a reversal but keep in mind that it could go the other way, so be prepared. Perhaps we could double up on the high before the direction is determined so lets wait and see.
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  • #31,425
  • Sep 24, 2007 4:40pm Sep 24, 2007 4:40pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Zoran
Here is my DOW chart. As you can see, the cycle lines (light green) have been very accurate in determining reversal points (or big moves). Now the next one is scheduled at the end of this week (28th of September) and that is the day I am expecting the next big move. Price could just hover around this current area until such time.

Interestingly, I have a trader friend who has done some Gann analysis on G/U with a time point on that same day, so adding some weight to this analysis. That could be the turning point not only for DOW and G/U but G/J and many others. Now I am expecting a reversal but keep in mind that it could go the other way, so be prepared.
typical, wife's birthday at end of week so got to take time off on thursday and friday.

looks like she will just have to wait for the new car LOL personnaly i think we will make 2.0150 around wednesday and then bounce of the TL to start the return to the uptrend.
  • #31,426
  • Sep 24, 2007 4:51pm Sep 24, 2007 4:51pm
Quoting MPP
typical, wife's birthday at end of week so got to take time off on thursday and friday.
Yep, been there many times. I remember waiting weeks for a big DOW move and it finally came when my wife went into labour so I was out for 3 days, just enough for the move to complete. I'm sure we all have our stories but some things are more important than trading!
  • #31,427
  • Sep 24, 2007 4:54pm Sep 24, 2007 4:54pm
Quoting Zoran
Here is my DOW chart. As you can see, the cycle lines (light green) have been very accurate in determining reversal points (or big moves). Now the next one is scheduled at the end of this week (Fri 28th of September) and that is the day I am expecting the next big move. Price could just hover around this current area until such time.

Interestingly, I have a trader friend who has done some Gann analysis on G/U with a time point on that same day, so adding some weight to this analysis. That could be the turning point not only for DOW and G/U but G/J and many others. Now I am expecting a reversal but keep in mind that it could go the other way, so be prepared. Perhaps we could double up on the high before the direction is determined so lets wait and see.
Thank you Zoran, your analysis are always appreciated.

I would agree on the reversal. I just can't see how this thing can shoot up given the general investor and consumer sentiment. I can also see Markam's point when he says we will probably make new highs then go into a major correction.

Should be an interesting week nonetheless even if today was boring
  • #31,428
  • Sep 24, 2007 5:26pm Sep 24, 2007 5:26pm
Grrr, so now I update my MT4 chart and it has come up as Monday, 1st of Oct. Anyway, be prepared for a sell off on Friday or Monday. I think late Friday session is the most likely time (I've put a timeline in the chart to display the date).
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  • #31,429
  • Sep 24, 2007 5:27pm Sep 24, 2007 5:27pm
Quoting lilmoe
we have a tough resistance @ 2.0304 for GU, i really doubt we're going to see a break of that level... daily and weekly qqe pointing dowards. however if we do see a break, next would be weekly gann at 2.0338. we also have 2 consecutive bullish candles and today's the third. we should see a retracement that would trigger a downtrend on GJ, if not a downtrend on GU itself. i'm guessing today's candle's going to be a pinbar. let's hope i'm right...


here's the chart:

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  • #31,430
  • Sep 24, 2007 5:31pm Sep 24, 2007 5:31pm
Quoting lilmoe


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i'm sorry i didn't post my trade yesturday, but i made a nice 100 pips on my short

i was just too tired, didn't have sleep 24 hours before that...
  • #31,431
  • Sep 24, 2007 5:46pm Sep 24, 2007 5:46pm
Quoting lilmoe


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hi Lilmoe

i remeber u saying that about g/u yesterday

but guess what?--im still waitng for another move UP on g/u and v likely on g/j too--today---so still biased LONG
  • #31,432
  • Sep 24, 2007 5:48pm Sep 24, 2007 5:48pm
Good morning... I'm out with all my shorts.
  • #31,433
  • Sep 24, 2007 5:49pm Sep 24, 2007 5:49pm
Quoting lilmoe
i'm sorry i didn't post my trade yesturday, but i made a nice 100 pips on my short

i was just too tired, didn't have sleep 24 hours before that...
Great job lilmoe
  • #31,434
  • Sep 24, 2007 5:51pm Sep 24, 2007 5:51pm
Quoting auslanco
Good morning... I'm out with all my shorts.

Welcome back to the asylum.
  • #31,435
  • Sep 24, 2007 5:54pm Sep 24, 2007 5:54pm
Quoting fourxtrader
Welcome back to the asylum.
Thanks doc,
  • #31,436
  • Sep 24, 2007 5:55pm Sep 24, 2007 5:55pm
Quoting auslanco
Good morning... I'm out with all my shorts.

bro--thats sounds funny
  • #31,437
  • Sep 24, 2007 5:57pm Sep 24, 2007 5:57pm
Quoting Hakuna Matata
bro--thats sounds funny

'Short'age on laundry compound?
  • #31,438
  • Sep 24, 2007 5:58pm Sep 24, 2007 5:58pm
Quoting Hakuna Matata
hi Lilmoe

i remeber u saying that about g/u yesterday

but guess what?--im still waitng for another move UP on g/u and v likely on g/j too--today---so still biased LONG

CARRY TRADES PARE BACK GAINS AS EQUITY INVESTORS TURN CAUTIOUS: SOME CHARTISTS POINT OUT THAT MOST OF THE JPY CROSSES HAVE FAILED AT THEIR 100-DAY SIMPLE MOVING AVERAGES - WIRES
  • #31,439
  • Sep 24, 2007 5:59pm Sep 24, 2007 5:59pm
Quoting Hakuna Matata
bro--thats sounds funny

I'm waiting for another pop quiz to hone my charting skills.
  • #31,440
  • Sep 24, 2007 6:20pm Sep 24, 2007 6:20pm
I'm expecting another ranging asian session.. Hopefully we may have a sizable breakout at the London session.
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