Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 2827 | 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)

  • #56,521
  • Dec 28, 2007 7:47am Dec 28, 2007 7:47am
can I mention something: the price bounced up twice from the S2 at 225.28sh , I tend to think that it will test that level again, and if it goes through... then the next station would be S3 at 224.15 .
  • #56,522
  • Dec 28, 2007 7:48am Dec 28, 2007 7:48am
Quoting moneymagnet
man what an active friday
Good morning moneymagnet -
  • #56,523
  • Dec 28, 2007 7:49am Dec 28, 2007 7:49am
I see Mom on 4H, daily, 1W charts pointing down. Additionally stochastics on these TF's have still far more room to move down. In long term I think it's better to think only about shorts.

When I draw a simple trend line from last low to today's low, there is a support line around 225.20-30 area. If the line is broken, then the first target can be 223. On the other hand if the resistance line above which is a trend line from 227.50 to 226.24 is passed, then we will see at least 227 again.

I want to know what the other guys think about the market.
Discipline + Patience - Fear - Greed = Success
  • #56,524
  • Dec 28, 2007 7:52am Dec 28, 2007 7:52am
Quoting arezab
I see Mom on 4H, daily, 1W charts pointing down. Additionally stochastics on these TF's have still far more room to move down. In long term I think it's better to think only about shorts.

When I draw a simple trend line from last low to today's low, there is a support line around 225.20-30 area. If the line is broken, then the first target can be 223. On the other hand if the resistance line above which is a trend line from 227.50 to 226.24 is passed, then we will see at least 227 again.

I want to know what the other guys think about the market.
Well said arezab, this is exactly what I said 2 posts before. Let's see...
  • #56,525
  • Dec 28, 2007 7:54am Dec 28, 2007 7:54am
Quoting moneymagnet
man what an active friday
Though it was good moneymagnet, if you were trading (scalping) on lower TF's today, I've got my incentives more than enough today. I was trading on 5M ...
I made just 4 trades today ...
Discipline + Patience - Fear - Greed = Success
  • #56,526
  • Dec 28, 2007 7:58am Dec 28, 2007 7:58am
Quoting quecee5
Good morning moneymagnet -
gooooood mawning bro'. how 'bout dumping some of those big time lots on the geppy so i can get some movement!!!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #56,527
  • Edited 8:18am Dec 28, 2007 8:00am | Edited 8:18am
Quoting mamr
can I mention something: the price bounced up twice from the S2 at 225.28sh , I tend to think that it will test that level again, and if it goes through... then the next station would be S3 at 224.15 .
Yep, could go that way but here's my thoughts. . .
GU is set to touch at least the 2.0130 area on a daily IMO. UJ has massive support in the 112.74 area on a daily and could go back and challenge 114.00 area once again. A break above there would open up the door once again to 115 area which I was still not convinced of the downtrend yet because it has not touched the 50% fib decisively. . . If both happen that would allow GJ to touch at least the 50% fib which would complete GJ's last wave up and make a good set-up for the final leg down to possibly breach the H&S neckline down to 210 area. . .

Now, GJ could go down and touch 224.50 and bounce from there but until I see a daliy close below this area I'm still leaning toward a final leg up for GJ before we see the big fall below. I may look to get long on GJ if it holds above 224.50 but a close below I will look to get short for the ride down. . .

Just my thoughts. . .
  • #56,528
  • Edited 8:26am Dec 28, 2007 8:16am | Edited 8:26am
Quoting moneymagnet
gooooood mawning bro'. how 'bout dumping some of those big time lots on the geppy so i can get some movement!!!
Its been a crazy market and luckliy my positions have played out well on EJ, GU, UJ and GJ so I'm pleased at this point. GJ still looks like it could be a good buy opportunity but I'll watch to see how it behave at this lower channel for now. . .
Weekly mom's are pointing UP (which tends to lag a day for some reason) so I think we could still see it make a run to the upside however, it could go down and touch 224.50 before it goes back up if at all. . . If it breaks and closes below that then I join the bears on this one.
  • #56,529
  • Dec 28, 2007 8:16am Dec 28, 2007 8:16am
Quoting arezab
Though it was good moneymagnet, if you were trading (scalping) on lower TF's today, I've got my incentives more than enough today. I was trading on 5M ...
I made just 4 trades today ...
great job bro. i am not a good scalper unfortunately (requires too much time for me in front of computer) but there was excellent opportunity there
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #56,530
  • Dec 28, 2007 8:20am Dec 28, 2007 8:20am
Quoting arezab
I see Mom on 4H, daily, 1W charts pointing down. Additionally stochastics on these TF's have still far more room to move down. In long term I think it's better to think only about shorts.

When I draw a simple trend line from last low to today's low, there is a support line around 225.20-30 area. If the line is broken, then the first target can be 223. On the other hand if the resistance line above which is a trend line from 227.50 to 226.24 is passed, then we will see at least 227 again.

I want to know what the other guys think about the market.
A close above daily pivot would be bullish IMO!
  • #56,531
  • Dec 28, 2007 8:28am Dec 28, 2007 8:28am
Quoting quecee5
Its been a crazy market and luckliy my positions have played out well on EJ, GU, UJ and GJ so I'm pleased at this point. GJ still looks like it could be a good buy opportunity but I'll watch to see how it behave at this lower channel for now. . .
Weekly mom's are pointing UP (which tends to lag a day for some reason) so I think we could still see it make a run to the upside however, it could go down and touch 224.50 before it goes back up if at all. . . If it breaks and closes below that then I join the bears on this one.
Another thought, daily support comes in at 225.21 which we've already touched. Also, I'm expecting UJ to challenge back up to 114 maybe today.

Another thing that has me bullish on this pair down here is monthly 5 sma comes in at 232.50's. . .Hmmmmmmmm!
  • #56,532
  • Dec 28, 2007 8:38am Dec 28, 2007 8:38am
Quoting quecee5
Another thought, daily support comes in at 225.21 which we've already touched. Also, I'm expecting UJ to challenge back up to 114 maybe today.

Another thing that has me bullish on this pair down here is monthly 5 sma comes in at 232.50's. . .Hmmmmmmmm!

gu just broke lower tl loks like gu down today as dow start to rally back.... uj should stall or go up...gj still looks bearish for the time being...but i'm looking for the bottom to look for spots to get long as the ride up should be a good one.... looking forward to e1s anaysis....
  • #56,533
  • Dec 28, 2007 8:42am Dec 28, 2007 8:42am
Quoting dagoods
gu just broke lower tl loks like gu down today as dow start to rally back.... uj should stall or go up...gj still looks bearish for the time being...but i'm looking for the bottom to look for spots to get long as the ride up should be a good one.... looking forward to e1s anaysis....

chart
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 26 KB
  • #56,534
  • Dec 28, 2007 8:44am Dec 28, 2007 8:44am
Quoting dagoods
gu just broke lower tl loks like gu down today as dow start to rally back.... uj should stall or go up...gj still looks bearish for the time being...but i'm looking for the bottom to look for spots to get long as the ride up should be a good one.... looking forward to e1s anaysis....
I think GJ will frustrate a lot of traders today who are late getting in on the short side. . .

I agree with you that the ride up will be very very nice but the ride down will be PRICELESS!
  • #56,535
  • Dec 28, 2007 9:06am Dec 28, 2007 9:06am
Quoting quecee5
I think GJ will frustrate a lot of traders today who are late getting in on the short side. . .

I agree with you that the ride up will be very very nice but the ride down will be PRICELESS!
I agree on your thoughts of that. It's jsut a retracement on the Usd/Jpy however, IMHO. WIth that, that creates a good place to go short at.

I think that pound is moving lower now as well. We had a retracement to the 38.2 fib level and now we should see some more downside.
I dream, therefore I become.
  • #56,536
  • Dec 28, 2007 9:14am Dec 28, 2007 9:14am
Quoting mike w
I agree on your thoughts of that. It's jsut a retracement on the Usd/Jpy however, IMHO. WIth that, that creates a good place to go short at.
Yep, was think'n that way as well, lots of opportunities but I just need to sit back and watch for now to see where we are headed and how the market takes the news. I think a lot of it is priced in but who knows we could see another leg down shortly. . .
Crazy how bad news comes thru the market but price goes down then back up huh? -
  • #56,537
  • Dec 28, 2007 9:16am Dec 28, 2007 9:16am
Quoting mike w
I agree on your thoughts of that. It's jsut a retracement on the Usd/Jpy however, IMHO. WIth that, that creates a good place to go short at.

I think that pound is moving lower now as well. We had a retracement to the 38.2 fib level and now we should see some more downside.
Take a look at your 5 min chart on GJ, I'll pm u in a min. . .
  • #56,538
  • Dec 28, 2007 9:18am Dec 28, 2007 9:18am
Quoting quecee5
Yep, was think'n that way as well, lots of opportunities but I just need to sit back and watch for now to see where we are headed and how the market takes the news. I think a lot of it is priced in but who knows we could see another leg down shortly. . .
Crazy how bad news comes thru the market but price goes down then back up huh? -
It's not the fact of the bad news, but the hopeful traders who push it upwards to move a quick buck or vice versa then get out. After that, it shows it's true direction. That's why I don't trade news, because it's just like following someone's advice over your own- it doesn't pay off, to me at least.
I dream, therefore I become.
  • #56,539
  • Dec 28, 2007 9:21am Dec 28, 2007 9:21am
Wait, what news are you talking about Quecee? I just checked and got nothing.
I dream, therefore I become.
  • #56,540
  • Dec 28, 2007 9:24am Dec 28, 2007 9:24am
Quoting mike w
Wait, what news are you talking about Quecee? I just checked and got nothing.
Chicago PMI and Dec New Home Sales. . .
Chicago PMI seems to suggest optimisim ahead
New Home Sales very dissappointing vs. expected. . .
64 traders viewing now