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

  • #37,721
  • Oct 8, 2007 7:00am Oct 8, 2007 7:00am
Quoting Hakuna Matata
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)

just a reminder of what was posted b4
this area is where ive exited my longs
ill wait and see hwat happens now
needs to crack it decisevely to go to nxt level
  • #37,722
  • Oct 8, 2007 7:06am Oct 8, 2007 7:06am
Theres such a nice upward trend on the daily chart for gbp/jpy for the last 10 days or so.. I have trend line support at 237.60 ish on my chart.
  • #37,723
  • Oct 8, 2007 7:08am Oct 8, 2007 7:08am
Quoting auslanco
239.88 (London R1)
Mr Auslanco, I saw you take a 15min trade strategy (long).
Could you please explaing me why in this case you dont care (wait) about the 1hr QQE5 to cross over.
Is that a part of a new set up for the strategy?

Thanks in advance Lucy q.
  • #37,724
  • Oct 8, 2007 7:23am Oct 8, 2007 7:23am
[quote=PipChick;1632649]
Quoting Mysticdiver
I am waiting for a close above(15m chart) that to add to my long.[/quote
Since the markets are slow today I will keep buying the 237.80 (if it gets there) area and taking profit at the 239.30 area anticipating a 239.30 break. Cant trade much today tho.. will be gona a lot of the day.
Nice job, Pip, price has poked thru and is retesting that 239.30 level right now.

Thanks, Jim
  • #37,725
  • Oct 8, 2007 7:44am Oct 8, 2007 7:44am
Quoting pedaso07
Mr Auslanco, I saw you take a 15min trade strategy (long).
Could you please explaing me why in this case you dont care (wait) about the 1hr QQE5 to cross over.
Is that a part of a new set up for the strategy?

Thanks in advance Lucy q.
15min QQE60 signal if the price is above the weekly Pivot and 1hr 100sma. I would have gone for the usual 120 pips TP target... since the very low activities today I will aim for 239.88.
  • #37,726
  • Oct 8, 2007 7:46am Oct 8, 2007 7:46am
I'm going to leave this position overnight .. It may take a while to get there. I'll see you guys tomorrow.
  • #37,727
  • Oct 8, 2007 7:58am Oct 8, 2007 7:58am
Quoting auslanco
I'm going to leave this position overnight .. It may take a while to get there. I'll see you guys tomorrow.
Thanks as usuall for your help.
see you tomoroow,
  • #37,728
  • Oct 8, 2007 8:08am Oct 8, 2007 8:08am
Morning all ..

Price tried to pierce thru the Ichimoku cloud but failed and came out above it instead (see chart). This is normally a pretty bullish sign. I didn't take the trade because qqe(60) was not crossed yet. As for now, am waiting for a bit a retracement if any to go long

PipChick .. good job .. looks good on your long
Attached Image
  • #37,729
  • Oct 8, 2007 8:11am Oct 8, 2007 8:11am
aus--need to chat w u
let me know when uve got time
cheers buddy
  • #37,730
  • Oct 8, 2007 8:12am Oct 8, 2007 8:12am
Karmo, are you still holding your short?
  • #37,731
  • Oct 8, 2007 8:19am Oct 8, 2007 8:19am
Quoting gau2902
Karmo, are you still holding your short?
just got home from univ to find out that trade got stopped out, no problemo since it was a very small lot, bring on the next trade
Trade what you see, not what you think.
  • #37,732
  • Oct 8, 2007 8:26am Oct 8, 2007 8:26am
Quoting mktjong
Morning all ..

Price tried to pierce thru the Ichimoku cloud but failed and came out above it instead (see chart). This is normally a pretty bullish sign. I didn't take the trade because qqe(60) was not crossed yet. As for now, am waiting for a bit a retracement if any to go long

PipChick .. good job .. looks good on your long
I want to apologize that this is not a trade call. Please use your own discernment. It only reflects my own view. Trade at your own risk. Thanks.
  • #37,733
  • Edited 10:03am Oct 8, 2007 8:48am | Edited 10:03am
Quoting budak baru
tq for reply.im have pivot indi.but mine ddint switch to another session.only for asian seesion.how i want get london and new york session?im using mt4.thanks
Sounds like the default setup is for asian session. But the starting hour needs to be manually adjusted for each trading session.

I don't use MT4, but there is info available about it. Here is a link to point you in the right direction. If you're still confused after reading it, the best thing to do is ask the question on the 15min strategy thread:

Adjusting daily pivots on MT4:
http://www.forexfactory.com/showpost.php?p=1622799&postcount=265

15 Min strategy thread:
http://www.forexfactory.com/showthread.php?t=45076
  • #37,734
  • Oct 8, 2007 9:50am Oct 8, 2007 9:50am
A possible head and shoulders formation coming out on the 15 minute charts? could be, now we just have to wait for it to play out.
I dream, therefore I become.
  • #37,735
  • Oct 8, 2007 10:18am Oct 8, 2007 10:18am
FREEZE IS ON AT GIANT MORTGAGE HEDGE FUND


http://www.nypost.com/seven/10062007...t_mortgage.htm
  • #37,736
  • Oct 8, 2007 10:23am Oct 8, 2007 10:23am
Looks like the head and shoulders became a reality....Scoreee haha Profit target still unknown at the moment.
I dream, therefore I become.
  • #37,737
  • Oct 8, 2007 10:36am Oct 8, 2007 10:36am
LOL. I exited all my shorts for loss around 239.45. Geez
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #37,738
  • Oct 8, 2007 10:44am Oct 8, 2007 10:44am
Quoting moneymagnet
LOL. I exited all my shorts for loss around 239.45. Geez
Still in mine. I will close my lower entries if we exceed the high though. My EJ short is just about to come back into profit again.
  • #37,739
  • Oct 8, 2007 10:46am Oct 8, 2007 10:46am
I actually would have done the same as you moneymagnet if I hadnt seen that setup on the lower timeframe. Other than that, everything else looked bullish.
I dream, therefore I become.
  • #37,740
  • Oct 8, 2007 10:46am Oct 8, 2007 10:46am
Got into short at 239.54 and move SL to BE.
Will see where it will take me...
Do not follow my trades. Trade what you see on your own charts.
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