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Auslanco 15min GBP/JPY startegy 630 replies

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

Zo,

i've got either a falling wege or a ascending triangle with bullish divergence. i am scaling longs (would actually like to see a dip below 221 this morning) with 1st target at 229 area (38.2% fib of last big move down). whatcha' think?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
forgot chart. oops
Attached Image (click to enlarge)
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TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
Quoting moneymagnet
Zo,

i've got either a falling wege or a ascending triangle with bullish divergence. i am scaling longs (would actually like to see a dip below 221 this morning) with 1st target at 229 area (38.2% fib of last big move down). whatcha' think?
I'm thinking once we break 222.8 then the long should be good. First target is around 224.00, second around 228.00, third around 241.06 and then the final target around 244/245. I'll take some off at each target, re-enter on the bounce and adjust stops (to lock in more profit) once it breaks.

I would like to see it go below 221 also so I can load up more longs. The falling wedge looks good to me.
Quoting sri
Man , i sorely miss the co0mments on this thread.

4. Zoran long term weekly analysis
Thanks for the mention sri. I will be moving away from this thread shortly and just focusing on the Daily GBP/JPY analysis thread as it's a lot less work. I'll make one or two posts here on the weekend and leave it there.
Quoting Zoran
I'm thinking once we break 222.8 then the long should be good. First target is around 224.00, second around 228.00, third around 241.06 and then the final target around 244/245. I'll take some off at each target, re-enter on the bounce and adjust stops (to lock in more profit) once it breaks.

I would like to see it go below 221 also so I can load up more longs. The falling wedge looks good to me.
i meant descending triangle but thanks for the advice
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
any one sees "bullish butterfly pattern" in 1hour chart GJ?
Quoting salghxxx
any one sees "bullish butterfly pattern" in 1hour chart GJ?
Indeed. If Dow has a good day, which some are predicting, we may see a reversal. Don't catch a falling knife though, it is my belief that the market is far too optimistic about global economic health in the coming years. We could go down much further and I can't see investor's piling back into the carry trade after the uncertainty of the last few months.
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Quoting birdt
Indeed. If Dow has a good day, which some are predicting, we may see a reversal. Don't catch a falling knife though, it is my belief that the market is far too optimistic about global economic health in the coming years.
Hello Birdt:

Is there an MT4 indicator to see the butterfly pattern.

Thanks, Appreciate your response.
Quoting ramrocket
I still think the downtrend is still in place. 4H is still downtrend, 1H just drop down below the pivot @224.13 and QQE hovering between 50 & 45 congestion levels. If price breaks the bottom trend line, I am counting on the price to drop to 222.24 maybe all the way to 221.14

Right on the money!
Entered @223.48 last night when the bottom trend line broke. The current 1H candle is just 12 pips from 221.14 final target.
Did you good people read this article:

http://www.bloomberg.com/apps/news?p...cl8&refer=home
Patience + Humility + Study = Success
Quoting Loadthepips
Hello Birdt:

Is there an MT4 indicator to see the butterfly pattern.

Thanks, Appreciate your response.
Here it is mate, look into Harmonic trading if you want to find out how these patterns are created and their significance.

Take a look at the price action off the 5sma high on this 15m chart. I bet a few impatient traders saw the price come out of the potential reversal box and loaded up longs only for price to be rejected near this line. Could be useful for setting SL's................
Attached Image (click to enlarge)
Click to Enlarge Name: 15m5smachannel.gif Size: 20 KB
Attached Files
File Type: mq4 ZUP_v67.mq4   268 KB | 391 downloads
File Type: ex4 ZUP_v67.ex4   234 KB | 294 downloads
Quoting birdt
Here it is mate, look into Harmonic trading if you want to find out how these patterns are created and their significance.

Take a look at the price action off the 5sma high on this 15m chart. I bet a few impatient traders saw the price come out of the potential reversal box and loaded up longs only for price to be rejected near this line. Could be useful for setting SL's................
Thanks, will do.
Time to long G/J just failed to break to the downside of the wedge and bounced off the support line....I'm aiming for 223.50-224 first
Attached Image
Quoting moneymagnet
forgot chart. oops
I've put your wedge into my chart MM with slightly different lines but close enough. I don't expect price to go too far below the two bottom purple lines, each providing strong support (at 220.70 and 220.52)!
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Quoting Zoran
I've put your wedge into my chart MM with slightly different lines but close enough. I don't expect price to go below the two bottom purple lines, each providing strong support!
as long as i am close to yours i am fine! i already have 2 longs open both green so far.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
Quoting msniper
as i agreed with ife that we are bearish, right now i think i see a head and shoulders

in my opinion we will see 220.75 to 221.30 today

we just have to wait for the closing under the neck line.

and i think i will hold my shorts for a very very low numbers cause look at the weekly chart if we close under 222.50 this week i think we area heading to the 215 to 216 ( not sure about it technicly am new in forex but this is what i beleive )

any comments are welcomed

just to remind people with long about my opinion. i mentioned that we gonna see 220.75 to 221.30 today and we already saw 221.25 which is really nice.

now for the people with long or thinking to long i am sure we will have some bull but it wont be that strong . the main thing right now is the daily and weekly closing if its below 222.50 i think u guys better watch out thats mean we broke the weekly trend and we might open with a gap next week


any one agree with me ?
Quoting Loadthepips
Hello Birdt:

Is there an MT4 indicator to see the butterfly pattern.

Thanks, Appreciate your response.
yeah there is one which I use. Try the attachment but dont forget to activate "allow dll imports" in the common tab.

have good trade.
Attached File
File Type: ex4 ZUP_v67.ex4   234 KB | 301 downloads
Discipline + Patience - Fear - Greed = Success
Quoting MoForce
Time to long G/J just failed to break to the downside of the wedge and bounced off the support line....I'm aiming for 223.50-224 first
I'll be building up a bunch of longs (each 0.1 lots) as long as it goes down
Just in case you guys didn't know... a falling wedge is a very bullish sign so we could expect to go back to the 230s next week or so
Quoting MoForce
I'll be building up a bunch of longs (each 0.1 lots) as long as it goes down
Just in case you guys didn't know... a falling wedge is a very bullish sign so we could expect to go back to the 230s next week or so
The wedge has potential but normally I would wait for a break before considering to trade it. The support I have on the monthly is all I really need though. The wedge is nice to have as confirmation. At the moment I have 3 entries long on Guppy and 1 on Euppy - looking to add more if it goes lower.
Quoting msniper
just to remind people with long about my opinion. i mentioned that we gonna see 220.75 to 221.30 today and we already saw 221.25 which is really nice.

now for the people with long or thinking to long i am sure we will have some bull but it wont be that strong . the main thing right now is the daily and weekly closing if its below 222.50 i think u guys better watch out thats mean we broke the weekly trend and we might open with a gap next week


any one agree with me ?

I'm with you mate. There's a load of reasons to be bullish looking at the charts right now but I probably won't leave a position open over the weekend. A birdt in the hand is worth two in the bush!
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