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Auslanco 15min GBP/JPY startegy 630 replies

Auslanco-GBP/JPY Strength Indicator strategy 344 replies

My MT4 indicators for Auslanco's strategy 92 replies

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Questions About Auslanco's Trades 72 replies

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

Quoting jarroo
That weekly 100 sma is like a trampoline and I played very bounce.

I just don't know how long the springs will last.

Jim
Let's see if the 100 sma on the weekly is ready for another bounce. The way I have being playing this baby is taking the Aus 15 min long entry (ignoring the 100 sma on the hourly rule).
Also, taking long entrys at 224.50 or lower using a small (low risk) stop loss. If I told you guys how many pips I made in the last two weeks using the above plays, you wouldn't believe me.

Jim
Indicators show the past. Price Action "Indicates" the future.
By Ed Ponsi (Online Trading Academy)

The weak greenback is a cause for celebration for the enemies of the U.S., and now Venezuelan President Hugo Chavez is weighing in on the falling U.S. Dollar. "Soon we will not talk about dollars because the dollar is falling in value and the empire of the dollar is crashing," said Chavez on November 19. "Naturally, with the crash of the dollar, America's empire will crash". At the time of his statement, Chavez was visiting another one of America's best buddies, Iranian President Mahmoud Ahmadinejad, in Tehran. At an OPEC summit in Saudi Arabia over the weekend, Ahmadinejad hinted broadly that oil would soon be traded in currencies other than the U.S. Dollar, such as the Euro. Mahmoud said, "All participating (OPEC) leaders showed an interest in changing their hard currency reserves to a credible hard currency. Some said producing countries should designate a single hard currency aside from the U.S. dollar...to form the basis of our oil trade". When asked to comment, Ahmadinejad said, "They get our oil and give us a worthless piece of paper." The dollar has lost 15 percent of its value against the euro in the last 12 months.

As a final compromise, OPEC leaders agreed that the group would look at pricing oil with a basket of currencies, which would reduce volatility of prices but would further weaken the US currency. Saudi Arabian Foreign Minister Prince Saud Al-Faisal rejected the calls by Iran and Venezuela to discuss abandoning the U.S. currency for oil sales, saying the kingdom doesn't want the dollar to "collapse." Gee, that's encouraging!

Please be sure to clip and save the above quotes from Chavez and Ahmadinejad for the next time that someone tries to tell you that a weak dollar is a good thing for the United States. We are bringing joy to some of the worst political figures imaginable and reinforcing their positions of power via our inability to manage our own currency. As I mentioned last week, Americans should make the weak U.S. Dollar a campaign issue for 2008. Let's ask every Presidential candidate where he or she stands on the weak dollar, and what he or she plans to do about it.

Hanging By a Thread

The greenback has been thoroughly beaten down by most of the world's major currencies, but has still managed to hold its ground against its fellow punching bag, the Japanese Yen. Well, all of that may finally be about to change, as the USD/JPY currency pair has slid to a major support level near 109.00. This area acted as support in 2005, 2006, and now again in 2007. Will it finally break this time? Probably. If it doesn't happen now, it's likely to occur in the near future. The Fed is still contemplating interest rate cuts, which tend to weaken the dollar, while the Bank of Japan appears to be firmly on hold at a benchmark interest rate of 0.5%. In addition, the seemingly endless credit crunch favors the Yen, as there is a strong inverse correlation this year between equity markets and the Japanese currency. In other words, when U.S. and other world stock markets fall, the Yen tends to rally. If we are to believe Goldman Sachs, one of the few financial investment companies that appear to have weathered the credit storm unscathed, we are not out of the woods yet. On November 19, Goldman cut Citigroup to a "sell" rating, saying that the huge lender has most likely understated its losses due to the subprime mess. If equities react poorly as the subprime shoes continue to drop, it might be time to shout 'look out below' for USD/JPY currency pair (see figure 1).

If this puppy breaks down, where is the likely support level? Those of you who were trading currencies in early 2004 might recall that the Bank of Japan (BoJ) actually intervened in the currency market, creating a huge support level just above 105.00. The BoJ first prevented the currency pair from dipping below 105.00, and then drove it higher for three weeks, with the move peaking at 112.00. This was such a powerful and unforgettable event, in terms of both technical and psychological impact, that traders are likely to get spooked if and when the 105 handle reappears (see figure 2).
Attached Images
Quoting goonergonebad
By Ed Ponsi (Online Trading Academy)

The weak greenback is a cause for celebration for the enemies of the U.S., and now Venezuelan President Hugo Chavez is weighing in on the falling U.S. Dollar. "Soon we will not talk about dollars because the dollar is falling in value and the empire of the dollar is crashing," said Chavez on November 19. "Naturally, with the crash of the dollar, America's empire will crash".
Where have I heard that sort of talk before???...............hmmmmmm, was it? Yes it was:

http://z.about.com/d/politicalhumor/...ob_conquer.jpg


What exactly do you expect the enemies of the US to say, that they "LOVE" the US Dollar and are positive that it will remain strong??
Quoting jarroo
Let's see if the 100 sma on the weekly is ready for another bounce. The way I have being playing this baby is taking the Aus 15 min long entry (ignoring the 100 sma on the hourly rule).
Also, taking long entrys at 224.50 or lower using a small (low risk) stop loss. If I told you guys how many pips I made in the last two weeks using the above plays, you wouldn't believe me.

Jim
Jumping in long at 224.00 on the 100 sma weekly, small stop loss at 223.50.
Bounce, baby, bounce.

Jim
Indicators show the past. Price Action "Indicates" the future.
Quoting 1Sundevil
Where have I heard that sort of talk before???...............hmmmmmm, was it? Yes it was:

http://z.about.com/d/politicalhumor/...ob_conquer.jpg


What exactly do you expect the enemies of the US to say, that they "LOVE" the US Dollar and are positive that it will remain strong??


The USA, Canada and Mexico are ready to launch the " AMERO" in 2011.
This was announced and everybody is pending on this.
AMERO comes and.............Greenback goes?????????????????
A lot of countries do see this trouble on the horizon.
Just wanted you to know.
Quoting jarroo
Jump in long at 224.00 on the 100 sma weekly, small stop loss at 223.50.
Bounce, baby, bounce.

Jim
Ever heard of a falling knife? Your wild!
BOE vote was 7-2, as forecast. This will provide no more fuel, in and of itself, for the move down. If it is going to bounce, this 233.70-234.00 is the area for it.
Quoting rodders
Ever heard of a falling knife? Your wild!
Ouch! Out at -50.
Indicators show the past. Price Action "Indicates" the future.
I hope anyone who is long is prepared to go to the 220.00 area. It may bounce before then, but there is not a lot standing in the way. If your MM cannot withstand a big ride down from here, consider standing aside.
Quoting jarroo
Ouch! Out at -50.
Same here Jarro.With the same W1 -100SMA system BUT................. I keep on going and GOING
Did not put the alarm.
Is Any Body Experiencing What I'm Experiencing...

My Platform, I Cant Close My Trade.........

Ye Pa ...mo Gbe Oooo.... Owo Ti Jona
The pips is trending for you to catch, just catch it wisely.....
[quote=FX-Petra;1724222]I hope anyone who is long is prepared to go to the 220.00 area. It may bounce before then, but there is not a lot standing in the way. If your MM cannot withstand a big ride down from here, consider standing aside.[/quot

yeah, tough spot here. i think we may get a little correction b4 the DOW then down to that 220 area IMO. i would like for it to go to the 224-225 area 1 more time so i can load some shorts but we have to wait. we shall see
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
Quoting FX-Petra
I hope anyone who is long is prepared to go to the 220.00 area. It may bounce before then, but there is not a lot standing in the way. If your MM cannot withstand a big ride down from here, consider standing aside.

THERE IS POSSIBILITY OF A RETRACE AT 22.4O,

THE DAILY LONDON SESSION PIVOT SUPPORT.

GUYS WATCH OUT.....DONT BE TOO GREEDY LIKE ME
The pips is trending for you to catch, just catch it wisely.....
hi all ,
i need help about my trade , i am long at 226.80 and 227.15 , the market is down now. whats your opinion ? wait or hedge ?

Never trouble trouble till trouble troubles you
Quoting Arbit007
Same here Jarro.With the same W1 -100SMA system BUT................. I keep on going and GOING
Did not put the alarm.
Yes, I still in a short from yesterday at 226.50. Just thought I would catch the weekly 100 sma bounce again and close my short. I guess it broke through. It's been a fun couple of weeks.

Jim
Indicators show the past. Price Action "Indicates" the future.
Quoting Khello
hi all ,
i need help about my trade , i am long at 226.80 and 227.15 , the market is down now. whats your opinion ? wait or hedge ?


I guess your not using Aus strategy so I don't know how to help you.
Do you have a money management plan of action? Looks like you don't.

I would probably wait for a retrace on this last big move and cut my loses.
Then I would advise you to stop trading all together until you developed a money management plan and stick to it.

Jim
Indicators show the past. Price Action "Indicates" the future.
Quoting jarroo
I guess your not using Aus strategy so I don't know how to help you.
Do you have a money management plan of action? Looks like you don't.

I would probably wait for a retrace on this last big move and cut my loses.
Then I would advise you to stop trading all together until you developed a money management plan and stick to it.

Jim

yes i have a money help me to wait, big trouble in my feeling about the loses.


thank you Jarroo for your reply
Never trouble trouble till trouble troubles you
Quoting Khello
yes i have a money help me to wait, big trouble in my feeling about the loses.


thank you Jarroo for your reply

If you are not going to follow the aus strategy and are just trying to make money, it is easy or seems easy but without a strategy you will end up loosing. I know from experience and have lost a considerable amount at the beginning.

If you are considering hedging, you should of placed shorts below your long. If your long goes south you are covered.

The problem with hedging is if you get in or realize your position is in trouble later than sooner. Now if you managed to hedge the problem is you end up with an even bigger negative position where ever you land. The hardest part of hedging is if you want to keep your hedge profits you have to time the sell correctly. If your margin is tight, you are better for waiting for the market to revere and come back or even close to where your original position(s) were. Stop loss is a good way to make sure you don't get into this position.

Do not keep trying to buy or you will eat up your margin. I did this once out of desperation and ended up with a margin call, several times in fact.

Listen, if you got into this position you are not ready. You will loose some or all of your equity before coming close to being profitable every day/week/month!

Stop if you are not ready and start reading and practise on a demo account. If you continue you may not have any money left once you get your strategy perfected.

This message board is not the perfect answer. There are too many and so many opinions. Sit down for a couple of days and spend the time to learn Aus's strategy. I strongly advise it as it does make sense and provide excellent indicators giving you a great advantage of winning more times than loosing!

This is my 2 pips!
Quoting Khello
hi all ,
i need help about my trade , i am long at 226.80 and 227.15 , the market is down now. whats your opinion ? wait or hedge ?

I am long at 224.18, declined sharply after I bought it but a slight retracement is imminent maybe to 224 level or 223, but (unfortunately for both of us) it's a bearish day, so I'd say just wait until u minimize ur loss and then exit ur position.. wish u the best.
Quoting Scalper
If you are not going to follow the aus strategy and are just trying to make money, it is easy or seems easy but without a strategy you will end up loosing. I know from experience and have lost a considerable amount at the beginning.

If you are considering hedging, you should of placed shorts below your long. If your long goes south you are covered.

The problem with hedging is if you get in or realize your position is in trouble later than sooner. Now if you managed to hedge the problem is you end up with an even bigger negative position where ever you land. The hardest part of hedging is if you want to keep your hedge profits you have to time the sell correctly. If your margin is tight, you are better for waiting for the market to revere and come back or even close to where your original position(s) were. Stop loss is a good way to make sure you don't get into this position.

Do not keep trying to buy or you will eat up your margin. I did this once out of desperation and ended up with a margin call, several times in fact.

Listen, if you got into this position you are not ready. You will loose some or all of your equity before coming close to being profitable every day/week/month!

Stop if you are not ready and start reading and practise on a demo account. If you continue you may not have any money left once you get your strategy perfected.

This message board is not the perfect answer. There are too many and so many opinions. Sit down for a couple of days and spend the time to learn Aus's strategy. I strongly advise it as it does make sense and provide excellent indicators giving you a great advantage of winning more times than loosing!

This is my 2 pips!
Indicators show the past. Price Action "Indicates" the future.
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