Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 1880 | 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)

  • #37,581
  • Oct 7, 2007 4:28pm Oct 7, 2007 4:28pm
Price filled the gap perfectly on this last retrace, according to my charts.
  • #37,582
  • Oct 7, 2007 4:46pm Oct 7, 2007 4:46pm
few things if traders would like to wat ch out on the upside
(full analysis ive shared on the journal: http://www.forexfactory.com/showthre...t=49770&page=4

Now lets see what upsides we got on g/j chart daily;

We have a confluence of 100sma and Monthly Resistence 2 at around 239.58 ish as the nxt tgt for longs if it continues AND if u llok at weekly candle that BIG BEAR candle 8weeks ago has a high of 239.69—another factor to this confluence
We have the possibility of daily more ideal bearish butterfly pattern to extend to 240.50ish (see daily harmonic chrt)
We have the previous shoulder of the possible H/S pattern on daily at 241.50ish ( see it for yourselves on the daily chart)
And then finally far away in the distant heaven we have 0.786% Daily fib at 244.25
And thing to analyse after that will be done if we get there--lol

Now chk the 4hr chart pic—ive drawn the FIBS from the support area where ive started that lower TL from (red line)—we can see then that the 61.8% fib is now in confluence with MR2 and also if u shift in daily TF then with 100sma too----so there is a very high possibility that this could go up to there b4 reversing. It would also coincide nearer the ideal bearish butterfly pattern on daily (chk the red box around D)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj bearish butterfly.gif Size: 49 KB
Click to Enlarge Name: gj bearish butterfly 4hr.gif Size: 53 KB
  • #37,583
  • Oct 7, 2007 4:49pm Oct 7, 2007 4:49pm
ill be watching 239.50ish level very closely for a reversal line there
ideally a 15 min rev signal after that area--ill be going short
but will wiat for the harminic pattern to be confirmed with other signals
  • #37,584
  • Oct 7, 2007 4:52pm Oct 7, 2007 4:52pm
Quoting Hakuna Matata
ill be watching 239.50ish level very closely for a reversal line there
ideally a 15 min rev signal after that area--ill be going short
but will wiat for the harminic pattern to be confirmed with other signals
Can you elaborate the harmonic pattern you are using and ? Is there a name for the indicator that you use and is it avabilbe for the MT4

Thank you http://www.forexfactory.com/images/icons/icon7.gif
  • #37,585
  • Oct 7, 2007 4:52pm Oct 7, 2007 4:52pm
oops--ans that 4hr chart with fibs drawn from true support
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.gif Size: 47 KB
  • #37,586
  • Oct 7, 2007 4:54pm Oct 7, 2007 4:54pm
Quoting wired2199
Can you elaborate the harmonic pattern you are using and can you show?

Thank you http://www.forexfactory.com/images/icons/icon7.gif

ive just shown it and explained it on the charts posted above---click on them for more notes
  • #37,587
  • Oct 7, 2007 5:28pm Oct 7, 2007 5:28pm
Important numbers coming out Monday Morning EST.



4:30am GBP PPI Input m/m http://www.forexfactory.com/images/m...mpact_high.gif
Success has a Thousand Fathers.
  • #37,588
  • Oct 7, 2007 5:28pm Oct 7, 2007 5:28pm
Good morning.. Looks like a retracement down to 237.90 area
  • #37,589
  • Oct 7, 2007 5:33pm Oct 7, 2007 5:33pm
I agree with you auslanco on your thoughts of the retrace. I actually just got back to my computer and ya beat me to it! haha Lately, I have been regarding the 50% fib retracement level in much higher regard for the gbp/jpy than the 61.8 level.
I dream, therefore I become.
  • #37,590
  • Oct 7, 2007 5:50pm Oct 7, 2007 5:50pm
Quoting wired2199
Can you elaborate the harmonic pattern you are using and ? Is there a name for the indicator that you use and is it avabilbe for the MT4

Thank you http://www.forexfactory.com/images/icons/icon7.gif
Harmonic patterns are a huge topic to discuss indeed. On the other hand as Hakuna and Zoran mentioned before, they can give nice entry points if you can confirm the position with other signals... (divergences, reversals etc)
Attached File(s)
File Type: mq4 ZUP_v67.mq4   268 KB | 543 downloads
  • #37,591
  • Oct 7, 2007 5:53pm Oct 7, 2007 5:53pm
Quoting brok
Harmonic patterns are a huge topic to discuss indeed. On the other hand as Hakuna and Zoran mentioned before, they can give nice entry points if you can confirm the position with other signals... (divergences, reversals etc)

hi brok-- do u have the indicator which shows historical patterns too (in colour) --ive been lookin for that one !
  • #37,592
  • Oct 7, 2007 5:53pm Oct 7, 2007 5:53pm
Is anyone having problems connecting to Oanda , mine will not come up. I have tried relogging in with no luck. Thanks
  • #37,593
  • Oct 7, 2007 5:56pm Oct 7, 2007 5:56pm
Quoting nikkipip4
Is anyone having problems connecting to Oanda , mine will not come up. I have tried relogging in with no luck. Thanks
same problem.
  • #37,594
  • Oct 7, 2007 5:57pm Oct 7, 2007 5:57pm
i am in no problem

Quoting Syafi
same problem.
  • #37,595
  • Oct 7, 2007 5:58pm Oct 7, 2007 5:58pm
Quoting Hakuna Matata
hi brok-- do u have the indicator which shows historical patterns too (in colour) --ive been lookin for that one !
Nope mate. I just use this one..
  • #37,596
  • Oct 7, 2007 6:05pm Oct 7, 2007 6:05pm
Quoting Cardiac
i am in no problem
Same problem here. I hope Aus didn't amend list of clients.
Success has a Thousand Fathers.
  • #37,597
  • Oct 7, 2007 6:06pm Oct 7, 2007 6:06pm
Quoting nikkipip4
Is anyone having problems connecting to Oanda , mine will not come up. I have tried relogging in with no luck. Thanks
No problem here.
  • #37,598
  • Oct 7, 2007 6:07pm Oct 7, 2007 6:07pm
Quoting Hakuna Matata
hi brok-- do u have the indicator which shows historical patterns too (in colour) --ive been lookin for that one !
Shows historical patterns

maxBarToD=0

ExtGartleyTypeSearch 2

I have new ZUP_v69 in russian
  • #37,599
  • Oct 7, 2007 6:09pm Oct 7, 2007 6:09pm
Only oanda FXManager client have problem connecting.
normal oanda client is running okay.
  • #37,600
  • Oct 7, 2007 6:11pm Oct 7, 2007 6:11pm
Quoting auslanco
Good morning.. Looks like a retracement down to 237.90 area
Morning Aus. Well, I posted my Weekly Analysis charts yesterday on your predictions thread (which was early for me). I like to post my charts and thoughts before looking at the thoughts of the other traders (Karmo, Zoran, Hakuna and of course you, Aus). I don't want to be biased by anyone else's opinion when analyzing charts. Still I am amazed at the same general conclusions that different traders come to using their own style of analysis. I went back afterward and read a post by you on late Friday or Saturday where you thought we might have a 300+ pip bounce back off of the Monthly 5SMA around 239, which was my exact observation. Here is a look at the current Daily chart on my MT4 which updated at 00 GMT. Momentum is down, but notice especially that the TFT and 200EMA are touching right at the 235.60 area, about 350 pips down from where price is lingering right now. And right underneath that are the 50EMA and the Monthly 50% Fib line around 235.20. I know the holidays will affect volatility for the next 24 hours but it will be interesting to see how much of a retracement we will get from the burst up at the end of last week. For those interested, there is some good analysis by Karmo, Zoran, Hakuna and myself on Aus's Weekly Analysis thread if you'd like to check it out while the market is slow.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy daily.gif Size: 30 KB
19 traders viewing now