Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 2293 | 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)

  • #45,841
  • Oct 30, 2007 10:11am Oct 30, 2007 10:11am
Hi M2B,

If you are still posting, can you check the 1hr time frame for gbp/jpy. I think I see bearish divergence between price and MACD, and just wanted to verify.

Foster
  • #45,842
  • Oct 30, 2007 10:16am Oct 30, 2007 10:16am
Quoting danryman78
hi guys
karmo if we break 236.76 is it confirmation for sell?
Price is currently between Monthly R1 (237.28) and Weekly R1 (236.78)

If we get a retrace, we might get a bounce back up @ 50% of the last move up which is 236.30 or it could go all the way down to the lower Trendline of the bullish channel. Here's a chart:


http://img147.imageshack.us/img147/3374/gjsz1.gif
Trade what you see, not what you think.
  • #45,843
  • Oct 30, 2007 10:19am Oct 30, 2007 10:19am
There is bearish 1hr divergence...but I would be careful here...FOMC decision has the market in a pretty tight "holding pattern". Definetly not a normal trading day. I am short from 237.20 for a small amount with a tight stop loss. As M2B said earlier, today is only good for scalpint
  • #45,844
  • Oct 30, 2007 10:21am Oct 30, 2007 10:21am
Quoting Foster
Hi M2B,

If you are still posting, can you check the 1hr time frame for gbp/jpy. I think I see bearish divergence between price and MACD, and just wanted to verify.

Foster
For you, Foster, absolutely! The 1H Chart is showing bearish divergence on price to all of my oscillators underneath; MACD, QQE, and Momentum. Notice also that the MACD histogram has started to turn down, which is a good sign for shorting. But remember, divergence should never be used as an entry indicator on its own.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 1h.gif Size: 34 KB
  • #45,845
  • Oct 30, 2007 10:25am Oct 30, 2007 10:25am
Quoting auxesis
Just something to throw out there for everyone to digest, the markets are pricing in or preposition themselves for tomorrows Fed decision, most are expecting a rate cut, which should be Dow Bullish but the dow is down slightly today, imho what we are seeing is also the effect of those pairs that are interest rate sensitive, Cable is up as well as the Euro which is propping up Guppy atm.

Personally wouldn’t look for the markets to stray far from the current levels, today is a range day and should be traded as such.

Fwiw,
Quit cluttering up this thread with actual discussion about the forex market.

I agree we are likely to not see a sustained trend up or down before the fed decision. However, it does depend upon how confident the traders are about the fed action. We could see some softening of the stock market and GJ prior to the decision if enough people get nervous about the outcome.
  • #45,846
  • Oct 30, 2007 10:34am Oct 30, 2007 10:34am
Quoting karmostaji
Price is currently between Monthly R1 (237.28) and Weekly R1 (236.78)

If we get a retrace, we might get a bounce back up @ 50% of the last move up which is 236.30 or it could go all the way down to the lower Trendline of the bullish channel. Here's a chart:


http://img147.imageshack.us/img147/3374/gjsz1.gif
Karm,

where is the green fibo drawn from?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #45,847
  • Oct 30, 2007 10:37am Oct 30, 2007 10:37am
The best way to sell a stock/currency is on its way down....... to do it, you must raise the price high enough..... 237.xx ?

so now big guys can short short short when the cut is not 0.5%
  • #45,848
  • Oct 30, 2007 10:38am Oct 30, 2007 10:38am
Attached Image (click to enlarge)
Click to Enlarge Name: mmm.JPG Size: 155 KB
Quoting my2buoys
For you, Foster, absolutely! The 1H Chart is showing bearish divergence on price to all of my oscillators underneath; MACD, QQE, and Momentum. Notice also that the MACD histogram has started to turn down, which is a good sign for shorting. But remember, divergence should never be used as an entry indicator on its own.

M2B
  • #45,849
  • Oct 30, 2007 10:38am Oct 30, 2007 10:38am
Quoting moneymagnet
Karm,

where is the green fibo drawn from?
high 240.64 - low 230.26
Trade what you see, not what you think.
  • #45,850
  • Oct 30, 2007 10:51am Oct 30, 2007 10:51am
Quoting kevinsw
Ok here is my theory on today in general.

Dow should start to tank so they get the rate cut tomorrow. This will bring both G/J and E/J down with it in a big way. The problem is figuring out when they will do the deed.

Any thoughts?
The last rate cut was 9/18/07, look at the daily candle.
700 pips.
  • #45,851
  • Oct 30, 2007 10:54am Oct 30, 2007 10:54am
Quoting Hakuna Matata
The Native Americans call it the peace pipe!

should we pass it around? ( considering someones hidden the bong )
.
Attached Image
  • #45,852
  • Oct 30, 2007 10:55am Oct 30, 2007 10:55am
Quoting Mysticdiver
The last rate cut was 9/18/07, look at the daily candle.
700 pips.
don't expect 700 pips up out of this one. Even another .5% cut won't do it this time.
  • #45,853
  • Oct 30, 2007 10:59am Oct 30, 2007 10:59am
Oct. 30 (Bloomberg) -- Banks shut out of the market for short-term loans are finding salvation in a government lending program set up to revive housing during the Great Depression.
http://www.bloomberg.com/apps/news?p...FGU&refer=home
Humble Lifetime Member
  • #45,854
  • Oct 30, 2007 11:00am Oct 30, 2007 11:00am
Quote
US STOCKS-Market sags on profits, rate-cut uncertaintyat Reuters (Tue 11:27am) •Europe stocks extend losses on Fed rate cut doubtat Reuters (Tue 10:29am) •Bond Report: Treasurys drop as doubts grow about U.S. rate cutat MarketWatch (Tue 9:58am) •Bond Report: Treasurys drop as doubts over rate cut rise

I bet you can't find a single trader that has doubts about the rate cut. The only question is whether it is .25% or .5%.
  • #45,855
  • Oct 30, 2007 11:03am Oct 30, 2007 11:03am
Quoting markam
I bet you can't find a single trader that has doubts about the rate cut. The only question is whether it is .25% or .5%.
I'd love to see 'no rate cut' and then everything just starts collapsing.
Trade what you see, not what you think.
  • #45,856
  • Oct 30, 2007 11:05am Oct 30, 2007 11:05am
I shorted at 236.97, did I make a wrong move?
  • #45,857
  • Oct 30, 2007 11:05am Oct 30, 2007 11:05am
Hi Guys ...need help...

My momentum midpoint is at 100 (red line)....at what level above and below the 100 level is it overbought and over sold?
  • #45,858
  • Oct 30, 2007 11:06am Oct 30, 2007 11:06am
NEW YORK (Reuters) - Stocks fell on Tuesday after disappointing quarterly results from Procter & Gamble and U.S. Steel hurt confidence in the earnings outlook, while a Wall Street Journal article raised doubt the Federal Reserve would lower interest rates this week
Success has a Thousand Fathers.
  • #45,859
  • Oct 30, 2007 11:07am Oct 30, 2007 11:07am
Quoting karmostaji
high 240.64 - low 230.26
thx
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #45,860
  • Oct 30, 2007 11:08am Oct 30, 2007 11:08am
Quoting markam
I bet you can't find a single trader that has doubts about the rate cut. The only question is whether it is .25% or .5%.
Hi markam, 2 questions.....

What would (possibly) happen to the cable and geppy if a rate cut of .25%?

And...

What would happen for a cut of .50%

I'm just trying to piece together 2 scenarios of what could happen, and your help would be very much appreciates
35 traders viewing now