Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 3065 | 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)

  • #61,281
  • Feb 10, 2008 6:57pm Feb 10, 2008 6:57pm
Quoting moneymagnet
good lookingt chart Q
Thxs bro!
  • #61,282
  • Feb 10, 2008 7:03pm Feb 10, 2008 7:03pm
Quoting kujo17
that pin bar, under normal circumstances would be evidence of the immenant turn around... but the size was altered due to Fundies, throwing the tech side of it off..... IMHO.

With not rate cut/bearish news, that pin bar wouldn't have been half that size.

Just a thought.... could be wrong......
I don't pay attention to news, unless its the 1st Friday of the month.
News is Price, Price is News.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #61,283
  • Feb 10, 2008 7:07pm Feb 10, 2008 7:07pm
Quoting jarroo
Quecee, I agree with your S/R Levels and the trend (south) is the way to play it. But on the Daily, a nice looking Pin Bar (north bias) is still in play.
Only time will tell. (karmo patience pills : insert now)

Jim
Jarroo,

Nice charts, yeah I'm watching that PB on daily to see how it's going to play out. If I see a decisive break of 209.40 then consolidation above then I may consider closing my shorts above (213 area).

However, I won't be convinced of the long until I see it trading above daily hi/lo Gann again and weekly pivot (212.05). . .

But like u said only time will tell, I'll trade it both ways. . .
  • #61,284
  • Feb 10, 2008 7:16pm Feb 10, 2008 7:16pm
Quoting quecee5
Jarroo,

Nice charts, yeah I'm watching that PB on daily to see how it's gone play out. If I see a decisive break of 209.40 then consolidation above then I may consider closing my shorts above (213 area).

However, I won't be convinced of the long until I see it trading above daily hi/lo Gann again and weekly pivot (212.05). . .

But like u said only time will tell, I'll trade it both ways. . .
Good plan, que.

Being the Price Action guy that I am. I'm playing the Pin Bar and went long at 208.84. S/L tight at 208.45. A break of the 209.40 (top of Pin Bar) will confirm may long entry. Time will tell.
Indicators show the past. Price Action "Indicates" the future.
  • #61,285
  • Feb 10, 2008 7:19pm Feb 10, 2008 7:19pm
Quoting PipChick
We just need to have a plan for longs and a plan for shorts.

ty pc! am starting to follow u! much appreciated

  • #61,286
  • Feb 10, 2008 7:27pm Feb 10, 2008 7:27pm
Quoting jarroo
Good plan, que.

Being the Price Action guy that I am. I'm playing the Pin Bar and went long at 208.84. S/L tight at 208.45. A break of the 209.40 (top of Pin Bar) will confirm may long entry. Time will tell.
Thxs jarroo,

I would rather see a 4hr candle close above 209.40 area myself if I were thinking long b/c's there's been several false breaks above that area but none have resulted in a 4hr candle closing above it. . .JMO!
  • #61,287
  • Feb 10, 2008 7:31pm Feb 10, 2008 7:31pm
Quoting quecee5
Thxs jarroo,

I would rather see a 4hr close above 209.40 area myself if I were thinking long b/c's there's been several false breaks above that area but none have resulted in a 4hr candle closing above it. . .JMO!
Yes, that would confirm a trend change and turn my short term trade (50-75 pips) to a long term trade.
Indicators show the past. Price Action "Indicates" the future.
  • #61,288
  • Feb 10, 2008 7:34pm Feb 10, 2008 7:34pm
Quoting jarroo
Yes, that would confirm a trend change and turn my short term trade (50-75 pips) to a long term trade.
Didn't know your style of trading, so now I gotcha =
Good plan. . .
  • #61,289
  • Feb 10, 2008 9:48pm Feb 10, 2008 9:48pm
Quoting jarroo
Good plan, que.

Being the Price Action guy that I am. I'm playing the Pin Bar and went long at 208.84. S/L tight at 208.45. A break of the 209.40 (top of Pin Bar) will confirm may long entry. Time will tell.
Stopped out. Down trend appears to be strong.
Indicators show the past. Price Action "Indicates" the future.
  • #61,290
  • Feb 10, 2008 10:13pm Feb 10, 2008 10:13pm
Looks to be headed down since it broke through 208.80
Patience + Humility + Study = Success
  • #61,291
  • Feb 10, 2008 10:19pm Feb 10, 2008 10:19pm
Quoting jarroo
Stopped out. Down trend appears to be strong.
... IMO although we've had a nice pin bar on daily chart but we didn't have a candle closed above 209.40 which is the high of the bearish candle right before that pin bar. Although after the pin bar we witnessed a bullish candle with a long shadow above it but since it didn't close above the bearish candle, it didn't confirm reversal. So I think we should be careful about long positions yet until proper confirmation.

... just my thoughts ...
Discipline + Patience - Fear - Greed = Success
  • #61,292
  • Feb 10, 2008 10:29pm Feb 10, 2008 10:29pm
Quoting arezab
... IMO although we've had a nice pin bar on daily chart but we didn't have a candle closed above 209.40 which is the high of the bearish candle right before that pin bar. Although after the pin bar we witnessed a bullish candle with a long shadow above it but since it didn't close above the bearish candle, it didn't confirm reversal. So I think we should be careful about long positions yet until proper confirmation.

... just my thoughts ...
Sometimes Pin Bars take time to develop. I haven't gave up on the current one just yet.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #61,293
  • Feb 10, 2008 10:35pm Feb 10, 2008 10:35pm
Quoting DutchTrader
Looks to be headed down since it broke through 208.80
Correct. If price climbs back up and is rejected or struggles wiith the 208.80. I'll short it. But if price blows by that S/R, I 'll look to enter long.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #61,294
  • Feb 10, 2008 10:42pm Feb 10, 2008 10:42pm
have learned a lot, thank you very much
  • #61,295
  • Feb 10, 2008 10:49pm Feb 10, 2008 10:49pm
Quoting jarroo
Sometimes Pin Bars take time to develop. I haven't gave up on the current one just yet.
absolutely right bro, I'm with you. I don't give up too thinking about going long but in the matter of long term trading I thought it's better to wait until those signs appear. As like in your nice chart, I'm waiting for those other candles to appear to go long. Though you showed very nice example ... thanks for sharing your idea.
Discipline + Patience - Fear - Greed = Success
  • #61,296
  • Feb 10, 2008 11:44pm Feb 10, 2008 11:44pm
Damn downtrend was strong.
  • #61,297
  • Feb 10, 2008 11:46pm Feb 10, 2008 11:46pm
Short at 208.04. 207.00 here we come, again?
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #61,298
  • Feb 10, 2008 11:48pm Feb 10, 2008 11:48pm
It's a nice ride, eeh Q ?
  • #61,299
  • Feb 10, 2008 11:52pm Feb 10, 2008 11:52pm
Quoting jarroo
Short at 208.04. 207.00 here we come, again?
WOW. Look at it go.
Indicators show the past. Price Action "Indicates" the future.
  • #61,300
  • Feb 10, 2008 11:56pm Feb 10, 2008 11:56pm
Quoting jarroo
Short at 208.04. 207.00 here we come, again?
Half postion out at 75 pips. Other half at B/E.

Now to go back and study my loss.

Jim
Indicators show the past. Price Action "Indicates" the future.
280 traders viewing now