Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 2577 | 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)

  • #51,521
  • Nov 26, 2007 3:49pm Nov 26, 2007 3:49pm
Taking HI 228.34 & LO 221.25, fib levels r

23.6 @ 222.94 Completed

38.2 @ 223.97 Completed

50.0 @ 224.81 Completed

61.8 @ 225.64 not reached yet. Currently long @ 222.4 TP 225.5 SL 221.

For Chart see http://www.forexfactory.com/showpost...ostcount=51443
  • #51,522
  • Nov 26, 2007 3:55pm Nov 26, 2007 3:55pm
Quoting sony
Is anybody afraid of this news at 6-50pm....BOJ ?
Expecting it 2 be Bullish 4 GJ, if not my SL will be hit
  • #51,523
  • Nov 26, 2007 3:58pm Nov 26, 2007 3:58pm
Quoting forexnovice
Taking HI 228.34 & LO 221.25, fib levels r

23.6 @ 222.94 Completed

38.2 @ 223.97 Completed

50.0 @ 224.81 Completed

61.8 @ 225.64 not reached yet. Currently long @ 222.4 TP 225.5 SL 221.

For Chart see http://www.forexfactory.com/showpost...ostcount=51443
Forexnovice, why do you think it will reach that area before reaching 221.48? Are you building longs on the way down to go back up? Right now I see the highest its going within the next 4 hrs is 222.74 or possibly 223 on a short squeeze which the Asian session is known for. . .
  • #51,524
  • Nov 26, 2007 4:02pm Nov 26, 2007 4:02pm
Quoting forexnovice
Taking HI 228.34 & LO 221.25, fib levels r

23.6 @ 222.94 Completed

38.2 @ 223.97 Completed

50.0 @ 224.81 Completed

61.8 @ 225.64 not reached yet. Currently long @ 222.4 TP 225.5 SL 221.

For Chart see http://www.forexfactory.com/showpost...ostcount=51443
Throughout my experience, Gbp/Jpy loves the 50.0 mark, but not so much the 61.8. Can anyone else testify with this or no? I think I remember someone saying that as well in the past, maybe Karmostaji but I'm not sure.

Why do you think it will hit this level forexnovice? Is it just because it is next in line or what? If so, why couldn't it hit higher fib levels as well, such as 100 or 161.8?
I dream, therefore I become.
  • #51,525
  • Nov 26, 2007 4:03pm Nov 26, 2007 4:03pm
I just hope noone sneezes throughout this speech of Fukui's. lol
I dream, therefore I become.
  • #51,526
  • Nov 26, 2007 4:04pm Nov 26, 2007 4:04pm
We have a historical monthly trendline from Sept 2000 which the price has not broken, even with the lows of Aug as you can see in my first chart. That trend line is currently at about the 221.40 area.

The second chart shows this trendline on the weekly chart as it relates to the head and shoulders pattern. I would be wary of any trades targeting anything below that level right now.
Attached Images
  • #51,527
  • Nov 26, 2007 4:06pm Nov 26, 2007 4:06pm
Mike w & quecee5. Will post in a while. Gimme 15 min...slow in computer skills
  • #51,528
  • Nov 26, 2007 4:09pm Nov 26, 2007 4:09pm
Quoting brucehvn
We have a historical monthly trendline from Sept 2000 which the price has not broken, even with the lows of Aug as you can see in my first chart. That trend line is currently at about the 221.40 area.

The second chart shows this trendline on the weekly chart as it relates to the head and shoulders pattern. I would be wary of any trades targeting anything below that level right now.
brucehvn,

So are you saying the probabilty of it going any lower than 221.40 is low?
  • #51,529
  • Nov 26, 2007 4:09pm Nov 26, 2007 4:09pm
Quoting forexnovice
Mike w & quecee5. Will post in a while. Gimme 15 min...slow in computer skills
Thxs. . .
  • #51,530
  • Nov 26, 2007 4:09pm Nov 26, 2007 4:09pm
Quoting mike w
Throughout my experience, Gbp/Jpy loves the 50.0 mark, but not so much the 61.8. Can anyone else testify with this or no? I think I remember someone saying that as well in the past, maybe Karmostaji but I'm not sure.

Why do you think it will hit this level forexnovice? Is it just because it is next in line or what? If so, why couldn't it hit higher fib levels as well, such as 100 or 161.8?
You are correct about the 50. Karmo and Aus both have said in the past this is a favorite.
Trade what you see, not what you think.
  • #51,531
  • Nov 26, 2007 4:10pm Nov 26, 2007 4:10pm
Quoting forexnovice
Mike w & quecee5. Will post in a while. Gimme 15 min...slow in computer skills
Thanks Forexnovice. I appreciate the input, as I am sure do most other traders here.
I dream, therefore I become.
  • #51,532
  • Nov 26, 2007 4:12pm Nov 26, 2007 4:12pm
I'm short, and targeting 221.50, I made 131 pips this morning and have gone short for a second lot.
Attached Image (click to enlarge)
Click to Enlarge Name: today.gif Size: 21 KB
FF journal: Peaks and Troffs
  • #51,533
  • Nov 26, 2007 4:12pm Nov 26, 2007 4:12pm
I think we are now going to be moving back downwards after the retracement to the 222.50 area that I, along with a few others, talked about in previous posts.
I dream, therefore I become.
  • #51,534
  • Nov 26, 2007 4:15pm Nov 26, 2007 4:15pm
hi, can someone comment about H1 GBP/JPY for this possible reverse Head and shoulder?

http://img444.imageshack.us/img444/6...ersehnsci8.gif
  • #51,535
  • Nov 26, 2007 4:15pm Nov 26, 2007 4:15pm
Quoting quecee5
brucehvn,

So are you saying the probabilty of it going any lower than 221.40 is low?
I'm just saying that we are getting close to the end of the month and a monthly close below that trendline would be significant which makes it strong support in my opinion. I believe it's also something Zoran might have been looking at in figuring his possible lows before a break back up to the 240's. On smaller timeframes, we could see that line broken, but I don't know if we would see a weekly or monthly close below that line.

The monthly chart has respected that line for over 7 years, so it's not something to be taken for granted.
  • #51,536
  • Nov 26, 2007 4:21pm Nov 26, 2007 4:21pm
Quoting brucehvn
I'm just saying that we are getting close to the end of the month and a monthly close below that trendline would be significant which makes it strong support in my opinion. I believe it's also something Zoran might have been looking at in figuring his possible lows before a break back up to the 240's. On smaller timeframes, we could see that line broken, but I don't know if we would see a weekly or monthly close below that line.
Bruce,

Thxs, that helped a lot. . .
  • #51,537
  • Nov 26, 2007 4:31pm Nov 26, 2007 4:31pm
Quoting mike w
I think we are now going to be moving back downwards after the retracement to the 222.50 area that I, along with a few others, talked about in previous posts.
Mike,

I see res. @ 222.50, 222.79 and 223.54 all on the 1hr chart. . .

Daily pivot now @ 223.05
4 Hr pivot is now @ 222.79

On a 4hr chart I see a move up to test 222.70 area possibly retest new daily pivot to trigger stops (5 EMA) and then a possible down move toward 220.50's. . .

The down move could happen within the next 8-12 hours. . .

Anyone seeing something different?
  • #51,538
  • Nov 26, 2007 4:33pm Nov 26, 2007 4:33pm
Do u think G/J will be going up to normal level? Pls advice.

Thanks & regards,
GbFx
  • #51,539
  • Edited 4:52pm Nov 26, 2007 4:40pm | Edited 4:52pm
Quoting quecee5
Mike,

I see res. @ 222.50, 222.79 and 223.54 all on the 1hr chart. . .

Daily pivot now @ 223.05
4 Hr pivot is now @ 222.79

On a 4hr chart I see a move up to test 222.70 area possibly retest new daily pivot to trigger stops (5 EMA) and then a possible down move toward 220.50's. . .

The down move could happen within the next 8-12 hours. . .

Anyone seeing something different?
I agree that if the 222.50 area is broken that we could see that 222.79 area, but I truly don't see it breaking 222.50. I do agree with your target of 220.50 - at the least.
As for timing, I could see that as being possible for the next few hours. The Gbp/Usd is finally at the top of it's range and so I think it will come crashing down soon to produce more down movement for the Gbp/Jpy.
I dream, therefore I become.
  • #51,540
  • Nov 26, 2007 4:40pm Nov 26, 2007 4:40pm
G/J probably test 221.30-221.60 and then may be Bullish..!
376 traders viewing now