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

Let's see how far up it goes after touching this fan-line for 3th time

Just one question . . . do I lie??

I didn't hear any announcements!

You think it will drop that low on this move?

I see we bounced up off of very near the 38.2 fib (237.18) @ 237.20
with 2 hourly candles and have now pushed back up through the 23.6 fib.
(237.43) to 237.49 and dropped back down below the level.
Currently @ 237.41

Wish I could paste a pic on this. Much easier to 'read'. Somebody may do it.

Let me know when you have officially called an end to the bear. I want to place another short order.

It could still go to 50% or even 61.8% since the TL is close to the 61.8 fib level, I'll see what the new 4hr momentum tells us.. might give us a hint

here's the chart:
http://img69.imageshack.us/img69/2392/gjyv7.gif

Nice chart Zoran, I've agreed with your postings all week.

Another thing to note, 236.76 is the weekly R1 and where the current 4h Gann Hilo lies, and that is close to the TL and 61.8%. will it hold or not, we must wait and see.

I'll be back later.

Shorts setting up perfectly. Just need more confirmation, we'll know more later on.

Good morning

The price is struggling at weekly pivot mid range R2

Mr. Auslanco, good morning to you too.

Could you please post the set up for weekly pivots on VT.
Hope not disturb your trading time.
Thanks in advanced...Lucy q.

hi aus...good morning...

hehehe..still hanging in my long Zor.

I use the weekly Pivots on 4hr charts Start friday @1600EST

OK, so you use the default settings...
Thanks for the help.

Tons of pips to you.

Dear Lawrence,

Do you read Aus' strategies described below Aus's signature? I hope that senior traders such as Karmo, Auslanco, M2B etc who are more in-depth in Aus' strategy than I do will eventually reply to you.

1) Re-enter: Based on what I know, following live trades with Aus, I should say that as long as the trend hold, you can re-enter when the pair retrace to 5 sma so that you can get better entry whether long or short. The TP is 300 pips or 200 pips depending whether you have all indicators pointinng to same direction or if main indicators (4H and 1H) do not have the support of the larger time frame (Daily and Weekly, for examples). You need to watch out for smaller time frames too. The SL: GJ is wild, in general 60 to 100 pips are reasonable IMO. I don't use SL if I am around to monitor. You should go back to read Aus' strategy...

2) 15 min strategy: Aus has this 15 strategy that I download to my VT trader recently and it keeps generating signals....I have observed it and it is pretty good...Therefore, while babysitting the 4H/1H, have a look at the 15 min TF and see if you can squeeze in entries for some quick pips. Recently, Aus introduced the pivot points (PP) in his trading strategies: short if price below the PP and long for above, of course, in accordance to his original strategies based on QQE and GANN HI LOW. Also, Aus has different PP for different sessions, i.e. The Asian, the European, the NY overlapping with the European and the NY after the close of the European. You need to read through the pages, check paticularly for MB2's post as he is a walking encyclopedia for Auslanco strategy.

The 4H/1H seems to me is not set and forget...Lots of monitoring, watching...occassionally changing in the middle because of new development...You need to read Aus's & Karmo's posts. Outstanding charts from Karmo and M2B.

I hope this is satisfactory?

BR

PS. Tomorrow is NFP, and friday so if you're not in a trade, I would recommend to stay away if you're newbie. I would start new if Auslanco initiate a new 4H/1H trade and follow him from A-Z to understand his thinking while monitoring the trade...Here is Aus's signature that I cut while reviewing my missing post...

...
http://www.forexfactory.com/customav...tar33378_1.gifauslanco http://www.forexfactory.com/images/s...ser_online.gif
http://www.forexfactory.com/images/misc/1kt.gif Trade @ your own risk
Member Since Feb 2007
Posts: 5,110


http://www.forexfactory.com/images/icons/icon1.gif
Brok.. What do you think about 15min 240SMA. Do you consider the trend is bearish at this stage?? I'm waiting for the price to establish below 1hr 100SMA to take a 120pip short trade.
__________________
For Weekly and Daily analysis and recommendations by our chart wizards:
http://www.forexfactory.com/showthread.php?t=44180
For Auslanco Strategy and indicators for VT & MT4:
http://www.forexfactory.com/showthread.php?t=41509
For Karmostaji Strategy:
http://www.forexfactory.com/showthread.php?t=43255
New 15 Min strategy(New strategy rules and indicator values added)
http://www.forexfactory.com/showthread.php?t=45076

I'm not sure How this is going to effect the carry trades..But I'm expecting a 30% increase in USD against all the major currencies after the G7 meeting on the 19th.. Yen is closer to 120 level... before end of this year and GU at 1.8000- 1.9000 levels.

That was my official call. Short now so when you start covering it drives it up even higher!

Yeah, I had my chance but my arms were just a bit short. Now it's markam's turn. In EW theory, I was the A wave and markam is the C wave so just wait for it