Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 2600 | 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)

  • #51,981
  • Nov 28, 2007 2:15pm Nov 28, 2007 2:15pm
Quoting MoForce
Here's one of my charts supporting this.... whenever the extremes of this band is hit the pair always retreats towards the center
Ok, nice chart. This coincides with mine as well. If yours is dynamic, however, wouldn't the target be a little higher than 225.00 or are you basing that on the fact that it overshoots a little only to come back to it.

Here is my chart, which entails that after we break that first support at 227.30, which won't be too difficult in my opinion, that 225.00 is the final support and I doubt it would be breached. This gives way to the opinion of more upwards movement after the retracement to this area. This is on the 4 hour chart.

My daily chart also coincides with a retrace being needed as we are facing resistance at the level we are currently at. I don't believe that it can be broken before we have the retracement to gain the buyers to push price higher.
My reasoning that we will have this downwards movement sooner, rather than later is that both charts are coinciding with each other at this level. With that, I think that it will cause an immediate failure- probably after the day's close and interest buyers, along with the DOW, go out of effect.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: moforce chart.gif Size: 13 KB
Click to Enlarge Name: moforce daily.gif Size: 13 KB
I dream, therefore I become.
  • #51,982
  • Nov 28, 2007 2:15pm Nov 28, 2007 2:15pm
This thing is just flying. I feel bad for the SHORTS! Including me! Need some Karmo pills!
  • #51,983
  • Nov 28, 2007 2:17pm Nov 28, 2007 2:17pm
Quoting MoForce
Here's one of my charts supporting this.... whenever the extremes of this band is hit the pair always retreats towards the center
MoForce...what band is that? similar to bollinger?
  • #51,984
  • Nov 28, 2007 2:23pm Nov 28, 2007 2:23pm
Quoting vinesh2
This thing is just flying. I feel bad for the SHORTS! Including me! Need some Karmo pills!
Calm Yoself. haha There's no reason to feel bad for shorts. We've only, for the most part, been in this trade little over a few minutes to an hour. By that post, are you normally a short term trader, vinesh?
I dream, therefore I become.
  • #51,985
  • Nov 28, 2007 2:26pm Nov 28, 2007 2:26pm
I cant help but say cheers to you guys for trading with such patience and well reasoned entries/exits. Its a learning experience. I look forward to trading on your level sooner rather than later.

MM
"If it bleeds ... we can kill it"
  • #51,986
  • Nov 28, 2007 2:28pm Nov 28, 2007 2:28pm
My 1st short position is still open, I might add once I see more confirmation of the retracement starting, it should after the DOW and triple Interest is out of the way. Patience
Trade what you see, not what you think.
  • #51,987
  • Nov 28, 2007 2:32pm Nov 28, 2007 2:32pm
japanese industrial production news is comin in about 3 hours...if its posotive i think it will make jpy strong a bit n we will see gbp.jpy coming down....am i right?
  • #51,988
  • Nov 28, 2007 2:47pm Nov 28, 2007 2:47pm
Quoting karmostaji
My 1st short position is still open, I might add once I see more confirmation of the retracement starting, it should after the DOW and triple Interest is out of the way. Patience
i agree. i left my sell limit at 229.30 open but i am looking for after DOW sell opportunities as well. no need of subjecting myself to more negative interest if i dont have to. also glad i had a partial position, now i can add the rest at a higher level
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #51,989
  • Nov 28, 2007 2:55pm Nov 28, 2007 2:55pm
I trade part time I have a full time job but I have a good margin which is keeping me alive. Without a healthy margin I think I would be jumping out of the windows. I think I have to learn a great deal from you guys. Keep up the good work guys and I am pretty sure Karmo's got a palace or something in Dubai where the plants are all money plants!
  • #51,990
  • Nov 28, 2007 2:58pm Nov 28, 2007 2:58pm
Quoting vinesh2
Keep up the good work guys and I am pretty sure Karmo's got a palace or something in Dubai where the plants are all money plants!
LOL I guarantee it. 9 lambo's out front. maybe a ferrari here and there. He's too fresh for ferrari, though.
I dream, therefore I become.
  • #51,991
  • Nov 28, 2007 2:59pm Nov 28, 2007 2:59pm
I fully expect another bull candle tomorrow. When the body is this long it's usually followed-through the next day.
AIMHO.
TRADE FOR SWAP
  • #51,992
  • Nov 28, 2007 3:05pm Nov 28, 2007 3:05pm
Quoting cgldsmth
I fully expect another bull candle tomorrow. When the body is this long it's usually followed-through the next day.
AIMHO.

wish you would have said that yesterday lol... can u expand (justify) your analysis.. how about weekly momentum as adding to your arguement? What about strong support above resistance levels? What about Possible trend reversal because of x y z or something more than just bull (candle)???? convince us! many of the best traders here disagree karmo mike etc.. so you must support your arguement
  • #51,993
  • Nov 28, 2007 3:05pm Nov 28, 2007 3:05pm
Quoting cgldsmth
I fully expect another bull candle tomorrow. When the body is this long it's usually followed-through the next day.
AIMHO.
11/12 followed by 11/13 of this month. That shouldn't be the only thing you base your trade on. Do you have any other reasoning for your thought on this?
I dream, therefore I become.
  • #51,994
  • Nov 28, 2007 3:05pm Nov 28, 2007 3:05pm
Do you see thing retracing to 224 and shooting back up to 230's and then head back down same pattern appeared on Aug12th-Aug19th and then in Mid Nov
  • #51,995
  • Nov 28, 2007 3:06pm Nov 28, 2007 3:06pm
HERE YOU GO...

Quoting cgldsmth
I must say I don't fully understand why people are still short. This pair has bounced off strong support and a 50fib. A close within the outer BB is bullish, especially with triple-swap tomorrow.
TRADE FOR SWAP
  • #51,996
  • Nov 28, 2007 3:07pm Nov 28, 2007 3:07pm
Quoting mike w
LOL I guarantee it. 9 lambo's out front. maybe a ferrari here and there. He's too fresh for ferrari, though.
Hopefully one day, I will make it and I believe in myself that I can do it on my own. I could easily get whatever I want just by asking my father but I don't like that, I want to earn it myself

Lambo is 1 of my dreams only
Trade what you see, not what you think.
  • #51,997
  • Nov 28, 2007 3:07pm Nov 28, 2007 3:07pm
Quoting dagoods
many of the best traders here disagree karmo mike etc.. so you must support your arguement
For the love of god, never put me in the same line up as Karmo. lol He is lightyears ahead of me.
I dream, therefore I become.
  • #51,998
  • Nov 28, 2007 3:08pm Nov 28, 2007 3:08pm
Quoting mike w
LOL I guarantee it. 9 lambo's out front. maybe a ferrari here and there. He's too fresh for ferrari, though.
hey mike, do you give any credence to the fact that it looks like we may be lloking at a close above last 4 hour pivot point (of 228.50 or so) and does this weigh into the anlysis. any thoughts you (or other senior members have on this) would be greatly helpful and much appreciated to us noobs thank you in advance
  • #51,999
  • Nov 28, 2007 3:09pm Nov 28, 2007 3:09pm
I am pretty sure Karmo's made a lot of money by dispursing those patience pill lol!
  • #52,000
  • Nov 28, 2007 3:09pm Nov 28, 2007 3:09pm
Quoting mike w
For the love of god, never put me in the same line up as Karmo. lol He is lightyears ahead of me.
hey, I'm just a noob ok
Trade what you see, not what you think.
210 traders viewing now