Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 2648 | 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)

  • #52,941
  • Edited 5:37pm Dec 3, 2007 5:23pm | Edited 5:37pm
Just a quick chart off Oanda (not my preferred charting platform!)

On the 15 minute chart you can see the break of the pennant mentioned higher. I have traded this at the dotted line (average position), and i believe we will see gbpJPY come off over the asian session. Next support at 227.50 or thereabouts.

Any thoughts??
Attached Image
"If it bleeds ... we can kill it"
  • #52,942
  • Dec 3, 2007 5:57pm Dec 3, 2007 5:57pm
what is the meaning of UK BRC november retail sale
  • #52,943
  • Dec 3, 2007 6:02pm Dec 3, 2007 6:02pm
Quoting izzatnell
what is the meaning of UK BRC november retail sale
Click on the "detail" icon in the FF calendar and you get the following explanation:

"The British Retail Consortium (BRC) Retail Sales Monitor measures the change in value of like-for-like (i.e. same-store) sales at surveyed retailers, which effectively excludes stores that have been open for less than a year."
  • #52,944
  • Edited 6:22pm Dec 3, 2007 6:20pm | Edited 6:22pm
Quoting MMDealer
Just a quick chart off Oanda (not my preferred charting platform!)

On the 15 minute chart you can see the break of the pennant mentioned higher. I have traded this at the dotted line (average position), and i believe we will see gbpJPY come off over the asian session. Next support at 227.50 or thereabouts.

Any thoughts??

flag and/pennant formations. This has been especially useful in carry currency crosses such as British pound/Japanese yen and they have trade higher and higher each session. dont know that that is the case. infact its not... so maybe a pennant set up but not really sure it is....
  • #52,945
  • Dec 3, 2007 6:26pm Dec 3, 2007 6:26pm
Just retested the underside and coming off nicely...
"If it bleeds ... we can kill it"
  • #52,946
  • Dec 3, 2007 6:40pm Dec 3, 2007 6:40pm
Quoting Kane Rai
Click on the "detail" icon in the FF calendar and you get the following explanation:

"The British Retail Consortium (BRC) Retail Sales Monitor measures the change in value of like-for-like (i.e. same-store) sales at surveyed retailers, which effectively excludes stores that have been open for less than a year."

aud/jpy slide may bring down geppy again for a while? any thoughts?
  • #52,947
  • Dec 3, 2007 6:44pm Dec 3, 2007 6:44pm
This price action to me suggests a short term bout of risk aversion. So yeah, i agree with you dagoods.

May continue to the figure over the next short while... not sure. But dollar yen and sterling yen are being affected.
"If it bleeds ... we can kill it"
  • #52,948
  • Edited 7:12pm Dec 3, 2007 6:57pm | Edited 7:12pm
Quoting MMDealer
This price action to me suggests a short term bout of risk aversion. So yeah, i agree with you dagoods.

May continue to the figure over the next short while... not sure. But dollar yen and sterling yen are being affected.
I wouldn't be surprised to see a short squeeze higher in this session/london to 228.50/80 area. I may come back down to the daily fib. But I think we may see it take a run at it. At some point this gap will close. Also GJ may touch the 61.8% fib line @ 227.10 before a run higher.
  • #52,949
  • Dec 3, 2007 7:31pm Dec 3, 2007 7:31pm
Quoting quecee5
I wouldn't be surprised to see a short squeeze higher in this session/london to 228.50/80 area. I may come back down to the daily fib. But I think we may see it take a run at it. At some point this gap will close. Also GJ may touch the 61.8% fib line @ 227.10 before a run higher.
aus has bearish momentum on chart and now possibly a
15 min cross down?
  • #52,950
  • Edited 8:30pm Dec 3, 2007 7:46pm | Edited 8:30pm
Quoting dagoods
aus has bearish momentum on chart and now possibly a
15 min cross down?
So what are your thoughts regarding GJ?

I was just reviewing the 4hr, daily, weekly and monthly charts. . .
Daily momentum is pointing up, MACD looks OS and is starting to point up. Weekly momentum mildly to the upside and MACD looks to be OS.

On a weekly GJ seems to be pointing/staring right @ 38% fib @ 228.90's or so (which would closed the gap) and if broken I don't see anything standing in its way to touch 50% weekly fib @ 231.30 and a bit higher.

It may pull back on the hourly/4hr but I see 227/226.90's as the lowest it will go with support. It touched 76.4% fib earlier today @ 226.50's or so, wouldn't expect it to go there again but it's surely possible. 15 min./30 min. minutes charts/momentums are bullish for now but 1hr/4hr momentums are mixed to bearished for now.

At the very least I expect it to touch 228.40's/70's over the next couple of sessions. . .

That's my take, what are seeing? Anyone?
  • #52,951
  • Dec 3, 2007 7:59pm Dec 3, 2007 7:59pm
seems like 227.10 first and then all the way to 230's
  • #52,952
  • Edited 8:30pm Dec 3, 2007 8:00pm | Edited 8:30pm
Quoting Srikanth
seems like 227.10 first and then all the way to 230's
Based on what? Not saying it won't happen b/c's thats my take as well. It may go as low as 226 and bounce but it did that earlier (bounced off 226.58) this a.m. so I would be surprised it it went there again but it surely possible. . .
  • #52,953
  • Dec 3, 2007 8:02pm Dec 3, 2007 8:02pm
up up up i think for a while
  • #52,954
  • Dec 3, 2007 8:05pm Dec 3, 2007 8:05pm
Price is currently below the daily pivot..i'm waiting for 1 hr candle to close below the daily pivot..and there is support at 227 , may go backup above the daily pivot when london opens ..

let's see where it wud go

update me if i'm wrong coz i'm a n00b
  • #52,955
  • Dec 3, 2007 8:11pm Dec 3, 2007 8:11pm
Quoting quecee5
So what are your thoughts regarding GJ?

I was just reviewing the 4hr, daily, weekly and monthly charts. . .
Daily momentum is pointing up, MACD looks OS and is starting to point up. Weekly momentum mildly to the upside and MACD looks to be OS.

On a weekly GJ seems to be pointing/staring right @ 38% fib @ 228.90's or so (which would closed the gap) and if broken I don't see anything standing in its way to touch 50% weekly fib @ 231.30 and a bit higher.

It may pull back on the hourly/4hr but I see 227/226.90's as the lowest it will go with support. It touched 76.4% fib earlier today @ 226.50's or so, wouldn't expect it to go there again but it's surely possible. 15 min./30 min. minutes charts/momentums are bullish but 1hr/4hr momentums are mixed to bearished for now.

At the very least I expect it to touch 228.40's/70's over the next couple of sessions. . .

That's my take, what are seeing? Anyone?
i am learing from you :0 so... wish i had something to add but that seems like a good analysis on the long term charts...

i was just looking for a small short for this session but its not happening i guess... support seems strong at earlier pivot of 227.7
  • #52,956
  • Dec 3, 2007 8:13pm Dec 3, 2007 8:13pm
Quoting Srikanth
Price is currently below the daily pivot..i'm waiting for 1 hr candle to close below the daily pivot..and there is support at 227 , may go backup above the daily pivot when london opens ..

let's see where it wud go

update me if i'm wrong coz i'm a n00b
Just wanted to understand your thought process behind your statement.
  • #52,957
  • Dec 3, 2007 8:17pm Dec 3, 2007 8:17pm
Quoting dagoods
i am learing from you :0 so... wish i had something to add but that seems like a good analysis on the long term charts...

i was just looking for a small short for this session but its not happening i guess... support seems strong at earlier pivot of 227.7
I was looking @ the 4hr chart and it looks like 21 EMA is supporting GJ right now @ ar'd 227.40's. . .
  • #52,958
  • Dec 3, 2007 8:22pm Dec 3, 2007 8:22pm
Quoting Srikanth
Price is currently below the daily pivot..i'm waiting for 1 hr candle to close below the daily pivot..and there is support at 227 , may go backup above the daily pivot when london opens ..

let's see where it wud go

update me if i'm wrong coz i'm a n00b
I have daily pivot @ 227.73, looks like it sitting right on it for now. .. I still expect to see 227 at some point if GJ is going to make a run at closing the gap @ 228.80's/90's. . . GJ doesn't seem to be in a downtrend, seems to be consolidating for the moment. Could see a breakout soon. . .

Just my take on this. . .
  • #52,959
  • Dec 3, 2007 8:22pm Dec 3, 2007 8:22pm
Quoting quecee5
I was looking @ the 4hr chart and it looks like 21 EMA is supporting GJ right now @ ar'd 227.40's. . .

do you use median anlysis at all? theory of returning to the median rather than returning to mean? andrews pitchfork etc.??? i want to learn this andrews pitchfork stuff... it seems to be a good one....I want to learn and incorporate it

is there anyone that has indicators that use medians rather than averages or moving averages? or any median indicators for that matter?

are you familiar with this stuff quecee?
  • #52,960
  • Dec 3, 2007 8:28pm Dec 3, 2007 8:28pm
Quoting dagoods
do you use median anlysis at all? theory of returning to the median rather than returning to mean? andrews pitchfork etc.??? i want to learn this andrews pitchfork stuff... it seems to be a good one....I want to learn and incorporate it

is there anyone that has indicators that use medians rather than averages or moving averages? or any median indicators for that matter?

are you familiar with this stuff quecee?
I've heard of it but have not used it in any analysis. The chart program I'm using does not have it. I use a combination of MA's such as SMA, EMA and LRI (Linear Regression Indicator) for different reasons but not median. . .
354 traders viewing now