Might test the 1hr. 200ema again.
Auslanco 15min GBP/JPY startegy 630 replies
Auslanco-GBP/JPY Strength Indicator strategy 344 replies
My MT4 indicators for Auslanco's strategy 92 replies
Questions About Auslanco's Trades 72 replies
DislikedHi every body. Is there a post where is the explanation of the Auslanco system ?
I had tried of down it from the post 1 but is does not work. SORRY FOR MY POOR ENGLISH.
Dislikedhi everyone,i have been having great time in this forum going through all the articles since i joined.You guys have been of a great help to me and i know you all going to reap the good works.
I will like to get a mentor that will guide and see me through and i will be ready to do like a student to teacher.
Am still looking for a good brokers too and to start with $100 (i know is small). I will like to say hi to bluerose, mike, Auslanco,dimmi, Imanra..., a host of other great members.Thanks http://forexfactory.com/images/icons/icon14.gif
Success is not measure by what you acquire but by the number of persons you were able to raise to success.Ignored
DislikedOk, I'm short from here trading the retracement from this last bull-run from 222.37, 1st target is the 50 fibo 224.07 , but if 1H QQE crosses downwards, then I'll keep my short until 223 area
DislikedThat was some easy pips, retracement seems to be over and now I expect the uptrend to continue, I'm currently long so let's see what London brings.
DislikedDurables/Home Sales And The Markets
We're really getting into the thick of things now as the numbers start to match up with the credit crisis. October readings for durable orders and existing home sales could start showing just how bad things could go from here.
Industrial production contracted in October and there were declines in the October ISM for new orders and production, so there's a good chance to see core durables below the consensus 0.4 percent.
And much tighter lending standards coupled with declining housing prices could cause the year over year existing home sales to push below 5 million, which would be the lowest number seen for around 8 years.
Markets had a nice recovery on Tuesday from Monday's steep plunge. That wasn't too surprising because a 10 percent correction was likely to be seen as a buying opportunity to many. The Citigroup/Abu Dhabi deal seemed to turn the market on also, in spite of the hawkish Plossner speech. The feds are trying to talk the market out of a cut at the December meeting and if the market starts believing them-things could get messy.
If the numbers do print as i see them, I expect a repeat of the Monday sell off. Traders will up their bets on a fed rate cut in spite of the hawkish rhetoric and that will push up bond prices and drive equities and carry trades down. In that case the JPY crosses will fall, including USD/JPY.Ignored