Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 1633 | 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)

  • #32,641
  • Sep 26, 2007 9:45am Sep 26, 2007 9:45am
Quoting markam
I'm short also, but be prepared for the stock market to screw it up. The market has been well supported all morning. I still think there is a potential for a record close in the dow today. That will definitely push GJ above the trendline.
Yesss.. be sure to prepare as US ans Euro treasuries are very strong http://www.forexfactory.com/images/icons/icon10.gif
If this pair doesn't go up in this session then it normally would be in Asian session to balance out the exchange rate transaction for the day. It's not 100% guaranteed but more like 60-80% .. I guess http://www.forexfactory.com/images/icons/icon10.gif
  • #32,642
  • Sep 26, 2007 9:50am Sep 26, 2007 9:50am
I have been long since this morning at 231.85. Thinking about closing. This bull is geting a little old.
  • #32,643
  • Sep 26, 2007 9:59am Sep 26, 2007 9:59am
All JPY crosses look to be turning on the 60m chart, USD,CHF,EUR,AUD,NZD and of course GBP
  • #32,644
  • Sep 26, 2007 10:02am Sep 26, 2007 10:02am
Quoting PTOURNIS
I have been long since this morning at 231.85. Thinking about closing. This bull is geting a little old.
"Who you callin' old, Sonny? Huh? Speak up, Boy, I can't hear ya'!"
Attached Image (click to enlarge)
Click to Enlarge Name: old bull.jpg Size: 79 KB
  • #32,645
  • Sep 26, 2007 10:10am Sep 26, 2007 10:10am
Alright, got to sleep now. I believe it will go down to 230.30 tomorrow.
Short from 233.20.
See you guys tommorrow.
  • #32,646
  • Sep 26, 2007 10:16am Sep 26, 2007 10:16am
Short at 233.09 with a small position. SL at 233.45. TP at 230.00. I am hesitant to post this because I didnt use Aus's system for this trade and I don't want newbies just jumping on because they see someone else in. I have a reason for getting in. Rejection at bearish trend line (again) and 200EMA on 4H chart (again). Most TF's are overbought and in need of at least major retracements. Because of the point of entry I am looking for more than just a retracement. I am looking for the bottom of this wedge which I see to be around 230. Also, because of the point of entry, I am able to put a tighter stop than normal on GBP/JPY. If this thing breaks and closes above that upper trend line it will probably go north quite a bit more. Newbies beware: if you don't see a reason to get in then don't get in just becasue someone else is in.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4h.gif Size: 28 KB
  • #32,647
  • Sep 26, 2007 10:25am Sep 26, 2007 10:25am
Quoting Pips_Cruiser
Excellent, as usual! But you might want to edit a couple of the "233"s to be "230"s (one on the chart, and one in the text), so nobody gets confused. http://www.forexfactory.com/images/icons/icon14.gif
You're right! Thanks for catching that PC. It has been corrected.

M2B
  • #32,648
  • Sep 26, 2007 10:25am Sep 26, 2007 10:25am
Quoting my2buoys
Short at 233.09 with a small position. SL at 233.45. TP at 230.00. I am hesitant to post this because I didnt use Aus's system for this trade and I don't want newbies just jumping on because they see someone else in. I have a reason for getting in. Rejection at bearish trend line (again) and 200EMA on 4H chart (again). Most TF's are overbought and in need of at least major retracements. Because of the point of entry I am looking for more than just a retracement. I am looking for the bottom of this wedge which I see to be around 233. Also, because of the point of entry, I am able to put a tighter stop than normal on GBP/JPY. If this thing breaks and closes above that upper trend line it will probably go north quite a bit more. Newbies beware: if you don't see a reason to get in then don't get in just becasue someone else is in.

M2B

Please never hesitate to share what you know in charting particularly
in A and K's absence... otherwise this thread seems to die.

It's good that you always state clearly if your analysis varies from Auslanco's.
  • #32,649
  • Sep 26, 2007 10:29am Sep 26, 2007 10:29am
Quoting my2buoys
Short at 233.09 with a small position. SL at 233.45. TP at 230.00. I am hesitant to post this because I didnt use Aus's system for this trade and I don't want newbies just jumping on because they see someone else in. I have a reason for getting in. Rejection at bearish trend line (again) and 200EMA on 4H chart (again). Most TF's are overbought and in need of at least major retracements. Because of the point of entry I am looking for more than just a retracement. I am looking for the bottom of this wedge which I see to be around 230. Also, because of the point of entry, I am able to put a tighter stop than normal on GBP/JPY. If this thing breaks and closes above that upper trend line it will probably go north quite a bit more. Newbies beware: if you don't see a reason to get in then don't get in just becasue someone else is in.

M2B

I agree 100% with this analysis and is the basis for my own shorts . . . best of luck to us
check out my blog: forexmademillionaire dot com
  • #32,650
  • Sep 26, 2007 10:37am Sep 26, 2007 10:37am
Quoting karmostaji
have markam wear it lol

I'm ready to go. Where do you need me?

http://farm2.static.flickr.com/1311/...7631dd94_o.jpg
  • #32,651
  • Sep 26, 2007 10:39am Sep 26, 2007 10:39am
15M and 30M QQE's have both crossed down and been confirmed by TFT. The 4H Momentum on my chart (which will update at 4PM EST, 2000 GMT) is still strongly bullish. It is probably one of the things keeping price from falling harder than it is right now, because the lower TF's have been bearish. By the time the new 4H candle on my chart opens, NY will be closed and markets will be thin. DOW always has the potential to rally at the end of the NY day, which could drag GBP/JPY back up with it a bit. I'll feel more comfortable once the 1H QQE crosses down and confirms. The 1H is the biggest pain in the butt on Aus's system. If the 1H isn't on your side you're treading on dangerous ground (as I am now). Thus my position is smaller than normal and my SL tight.

M2B
  • #32,652
  • Sep 26, 2007 10:40am Sep 26, 2007 10:40am
I am short by the same analysis...


Quoting my2buoys
Short at 233.09 with a small position. SL at 233.45. TP at 230.00. I am hesitant to post this because I didnt use Aus's system for this trade and I don't want newbies just jumping on because they see someone else in. I have a reason for getting in. Rejection at bearish trend line (again) and 200EMA on 4H chart (again). Most TF's are overbought and in need of at least major retracements. Because of the point of entry I am looking for more than just a retracement. I am looking for the bottom of this wedge which I see to be around 230. Also, because of the point of entry, I am able to put a tighter stop than normal on GBP/JPY. If this thing breaks and closes above that upper trend line it will probably go north quite a bit more. Newbies beware: if you don't see a reason to get in then don't get in just becasue someone else is in.

M2B
  • #32,653
  • Sep 26, 2007 10:40am Sep 26, 2007 10:40am
Quoting my2buoys
15M and 30M QQE's have both crossed down and been confirmed by TFT. The 4H Momentum on my chart (which will update at 4PM EST, 2000 GMT) is still strongly bullish. It is probably one of the things keeping price from falling harder than it is right now, because the lower TF's have been bearish. By the time the new 4H candle on my chart opens, NY will be closed and markets will be thin. DOW always has the potential to rally at the end of the NY day, which could drag GBP/JPY back up with it a bit. I'll feel more comfortable once the 1H QQE crosses down and confirms. The 1H is the biggest pain in the butt on Aus's system. If the 1H isn't on your side you're treading on dangerous ground (as I am now). Thus my position is smaller than normal and my SL tight.

M2B
Excellent analysis and thoughts , now have patience and sit tight
Trade what you see, not what you think.
  • #32,654
  • Sep 26, 2007 10:42am Sep 26, 2007 10:42am
Quoting markam
I'm ready to go. Where do you need me?

http://farm2.static.flickr.com/1311/...7631dd94_o.jpg
There you are! When I saw prices falling I figured you must have found a way to resurrect that flat bear. Downward ho! CAUTION: Beware of falling bears!
Attached Image
  • #32,655
  • Sep 26, 2007 10:43am Sep 26, 2007 10:43am
Quoting Geppy
I agree 100% with this analysis and is the basis for my own shorts . . . best of luck to us
M2B , perfect analysis, i have the similiar trendline and its earned me more than 600+ pips this week, chart as below
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.gif Size: 27 KB
  • #32,656
  • Sep 26, 2007 10:43am Sep 26, 2007 10:43am
M2B at this point it seems like it would take another rate cut in order for us to break this channel. Technically we aren't even near the end of this pennant so i don't see a "real" breakout happening.
"Only when the tide goes out will we know who is swimming naked."
  • #32,657
  • Sep 26, 2007 10:43am Sep 26, 2007 10:43am
LOL! Now, I KNOW that civilization is in COMPLETE collapse! . . . Markam made a joke!

Only kidding you!

Best Regards!
  • #32,658
  • Sep 26, 2007 10:45am Sep 26, 2007 10:45am
I would like to say 'Good-bye' to 233 because I think we won't see it for quiet a while, just my opinion.
Trade what you see, not what you think.
  • #32,659
  • Sep 26, 2007 10:46am Sep 26, 2007 10:46am
Quoting apume
I am short by the same analysis...
And notice how Aus's system is falling right in place with this trade as well. We jumped the gun a bit but it looks like it could pay off in this instance.

M2B
  • #32,660
  • Sep 26, 2007 10:46am Sep 26, 2007 10:46am
Quoting my2buoys
There you are! When I saw prices falling I figured you must have found a way to resurrect that flat bear. Downward ho! CAUTION: Beware of falling bears!
M2B, with the rate this is falling, 230 may be reached before NY Closes
112 traders viewing now