Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 3088 | 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)

  • #61,741
  • Edited 8:11am Feb 14, 2008 7:56am | Edited 8:11am
Market is waiting for the news ...

and news-makers are waiting for the market move.

There's a cross of 200weekly&50daily ema @215.90
and it is forming smth like a zigzag-pattern, it's projection leads to 5smamonthly-based on [email protected]
  • #61,742
  • Feb 14, 2008 8:06am Feb 14, 2008 8:06am
with this strengthening dollar ... if 213.60 is breached I'll expect 214.90 based on daily pivot and S/R levels as the first target and the second will be 215.50
Discipline + Patience - Fear - Greed = Success
  • #61,743
  • Feb 14, 2008 8:06am Feb 14, 2008 8:06am
According to my chart and fibs 214.00 (dagoods I love thoose fibs=) is the next target. 212.91 looks to have serve as resistance. . .
Also, keep in mind that monthly pivot is @ 213.69 a break of that resistance would be very bullish toward 215.50 area then 217.50 area. . .
A rejection of it could see a slight retrace down to 212.40 then back up. Like I stated earlier 212.40 was major resistance and should serve as support short-term. . .

I could be wrong but only time will tell. . . Short does look in the cards right now. . .
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr chart updated.gif Size: 23 KB
  • #61,744
  • Feb 14, 2008 8:12am Feb 14, 2008 8:12am
Quoting arezab
with this strengthening dollar ... if 213.60 is breached I'll expect 214.90 based on daily pivot and S/R levels as the first target and the second will be 215.50
if 214.39 is breached only then GJ could move up.
IMHO it shall retrace from 214.25
  • #61,745
  • Feb 14, 2008 8:17am Feb 14, 2008 8:17am
My moutek indicator shows me if UJ breaks 108.40 (tough resistance) which has already taken place, then the price will be able to move up to 110.50 area, which means around 200 points rise. If UJ moves up to that point, then for GJ I don't see any major retracement until 217.50 (%50 fib) or perhaps higher is hit.
Discipline + Patience - Fear - Greed = Success
  • #61,746
  • Feb 14, 2008 8:17am Feb 14, 2008 8:17am
Quoting metlife777
if 214.39 is breached only then GJ could move up.
IMHO it shall retrace from 214.25
The upper channel has already been breached with a 4hr candle closing above it. . . Look at the support it got above this channel at 212.91 earlier this morning. Now there is tough restistance at 214 area but a close above the monthly pivot of 213.69 would be very bullish toward 214.40 as u stated then 215.50 area. . a break of 215.50 sees 217.50 before GJ see major resistance dated back to sept 2006. . .

Just my opinion and according to daily fibs from, 230-204, 241-204 and 251-204. . .
  • #61,747
  • Feb 14, 2008 8:31am Feb 14, 2008 8:31am
Looks Like resistance is holding???
  • #61,748
  • Feb 14, 2008 8:33am Feb 14, 2008 8:33am
Quoting arezab
My moutek indicator shows me if UJ breaks 108.40 (tough resistance) which has already taken place, then the price will be able to move up to 110.50 area, which means around 200 points rise. If UJ moves up to that point, then for GJ I don't see any major retracement until 217.50 (%50 fib) or perhaps higher is hit.
I d like to see GJ sit above monthly pivot 1st. I don't have a position right now as I'm looking to take a small long shortly and then look to establish/build some long term shorts soon. . .
  • #61,749
  • Feb 14, 2008 8:40am Feb 14, 2008 8:40am
Quoting quecee5
I d like to see GJ sit above monthly pivot 1st. I don't have a position right now as I'm looking to take a small long shortly and then look to establish/build some long term shorts soon. . .
me too
  • #61,750
  • Feb 14, 2008 8:46am Feb 14, 2008 8:46am
Quoting quecee5
The upper channel has already been breached with a 4hr candle closing above it. . . Look at the support it got above this channel at 212.91 earlier this morning. Now there is tough restistance at 214 area but a close above the monthly pivot of 213.69 would be very bullish toward 214.40 as u stated then 215.50 area. . a break of 215.50 sees 217.50 before GJ see major resistance dated back to sept 2006. . .

Just my opinion and according to daily fibs from, 230-204, 241-204 and 251-204. . .
I have no objections on channels and S/R levels, my assumption is based on points calculation and GJ specific harmonies numbers
  • #61,751
  • Feb 14, 2008 8:51am Feb 14, 2008 8:51am
I would prefer to go short if/when it reaches the 217ish area.
Patience + Humility + Study = Success
  • #61,752
  • Feb 14, 2008 8:54am Feb 14, 2008 8:54am
hello traders


cn someone tell me how to know the result of Fed Chairman Bernanke Speaks?????

thanks.
  • #61,753
  • Feb 14, 2008 8:57am Feb 14, 2008 8:57am
i bought the last dip with a small long targeting 214.
  • #61,754
  • Feb 14, 2008 9:05am Feb 14, 2008 9:05am
Quoting DutchTrader
I would prefer to go short if/when it reaches the 217ish area.


I looking into that area too but up to 217.50-220 area. . .
heavy congestion in that area that may present very tough resistance to get above. But I'll scale my position accordingly once we get up in that area. . .
  • #61,755
  • Feb 14, 2008 9:07am Feb 14, 2008 9:07am
Quoting arezab
with this strengthening dollar ... if 213.60 is breached I'll expect 214.90 based on daily pivot and S/R levels as the first target and the second will be 215.50

is it true? 214.90-215 ..maybe i will rich if it hit thiss price
  • #61,756
  • Feb 14, 2008 9:08am Feb 14, 2008 9:08am
Quoting metlife777
I have no objections on channels and S/R levels, my assumption is based on points calculation and GJ specific harmonies numbers
agreed, wasn't disputing your position merely just discussing what I was seeing on my chart to add to your comments. . .

would love to hear more and see your point and harmonies strategy. . .
  • #61,757
  • Feb 14, 2008 9:10am Feb 14, 2008 9:10am
Quoting quecee5


I looking into that area too but up to 217.50-220 area. . .
heavy congestion in that area that may present very tough resistance to get above. But I'll scale my position accordingly once we get up in that area. . .
217.50-220
  • #61,758
  • Feb 14, 2008 9:15am Feb 14, 2008 9:15am
i've seen your post earlier and wanted to reply at that time, but i guess i forgot. this is an excellent approach, however i believe that the best tuning would be to look for such levels on weekly chart. what's below would give you too much noise, what's above would give you just a few trades.
just as an example, i will share 3 lines that i have on my chart: 209.50, 213.70 and 216.10. when one is broken, the next will be hit. so far we made it to 213.70 and price stopped right there. i took some profits... and secured some... IF (and i believe it will) this level is cleared, next is 216.10 which is stronger than this one.
keep it up!

Quoting jarroo
One thing that good S/R levels have in common is a good history. That history can be on the weekly, Daily, 4 hour or even the hourly. Higher the time frame the better.
Check out the 211.15-25 level on the weekly. Just something to keep in mind.

Jim
Nihil Sine Deo.
  • #61,759
  • Feb 14, 2008 9:18am Feb 14, 2008 9:18am
Quoting lebvirus
hello traders
cn someone tell me how to know the result of Fed Chairman Bernanke Speaks?????
thanks.
Just Click: http://www.federalreserve.gov/newsev...e20080214a.htm

Enjoy it!
  • #61,760
  • Edited 9:44am Feb 14, 2008 9:21am | Edited 9:44am
Quoting arezab
with this strengthening dollar ... if 213.60 is breached I'll expect 214.90 based on daily pivot and S/R levels as the first target and the second will be 215.50
we are on the same page. . . I'm seeing this as well!
299 traders viewing now