Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 3119 | 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)

  • #62,361
  • Feb 19, 2008 9:45am Feb 19, 2008 9:45am
Quoting Merc
I'm still short with tp 206.84 probably go a bit lower my fib set up say,
could this be the rock bottom for the way up to 214?
I think if this intraday support holds up which is 4hr pivot (209.70 area), then we could see it try to get back above 210 them 210.60 area. . .

A break here would see 209.10 area probably down to 207.58. . .
I'm watching to see if we hold and bounce back up. . .

ZL Stoch on 5 min says it's OS so lets see what happens
  • #62,362
  • Feb 19, 2008 9:55am Feb 19, 2008 9:55am
I came up with 206.84,this way for anyone who wants to know,
Put on an hourly chart,put the 0.0 fib level right at the top of monday,which is the 6th candle from monday opening,
add a 25 level to your fibs and put this 25 level at the bottom of monday which is the 9th bar from opening.
This should be the probable fib set up of the week and it tells us tp at 206.76-84 where the 100 fib level is at of this weekly fib set up.
Boyy,trap money,like bear hunters.
  • #62,363
  • Feb 19, 2008 9:56am Feb 19, 2008 9:56am
Hi Merc,

Interesting TP..I dont know where that digit come from..but you if calculate the H&S from the geppy..then the target is 206.85.As far as i notice, the geppy play H&S formation very well..there are 3 H&S already since last week, 2 of them already meet the projection point.Hope u can see it ..and you can find it on another monster (GBP-CHF--1H chart) as well ( i cant post the chart here since this is for GU and GJ.just my 2 cents

Quoting Merc
I'm still short with tp 206.84 probably go a bit lower my fib set up say,
could this be the rock bottom for the way up to 214?
Attached Image
  • #62,364
  • Feb 19, 2008 10:22am Feb 19, 2008 10:22am
Quoting Merc
I came up with 206.84,this way for anyone who wants to know,
Put on an hourly chart,put the 0.0 fib level right at the top of monday,which is the 6th candle from monday opening,
add a 25 level to your fibs and put this 25 level at the bottom of monday which is the 9th bar from opening.
This should be the probable fib set up of the week and it tells us tp at 206.76-84 where the 100 fib level is at of this weekly fib set up.
Hi merc, your target is fine provided that we break the lower trend line and breach today's low. 208.80 - 207 area is where we meet a powerful historical support line (refer to my chart above) and %138 fib extension also coincides with it. This makes this a good target when the lower trend line is broken down.
Discipline + Patience - Fear - Greed = Success
  • #62,365
  • Edited 11:03am Feb 19, 2008 10:38am | Edited 11:03am
Our powers combined makes us Captain Planet,I guess
I need some study on those H&S formation,no idea how to calculate that,
I'm more of a fib expert myself..you too I see,but slightly different
so funny everybody got their own way for trading,
with the same targets even though we have another approach.
Boyy,trap money,like bear hunters.
  • #62,366
  • Feb 19, 2008 10:44am Feb 19, 2008 10:44am
http://www.trading-naked.com/HeadandShoulders.htm who know you'll be interested ..I'll resign then..see u on the london open all.Good night and good luck ( Im in Asia- already midnight).Cheers

Quoting Merc
Our powers combined makes us Captain Planet,I guess
I need some study on those H&S formation,no idea how to calculate that,
I'm more of a fib expert myself..
  • #62,367
  • Feb 19, 2008 11:08am Feb 19, 2008 11:08am
Quecee5,.
could u agree if I think we're going to 207.xxlower/206.78, then 217 is there for GJ?...or do you prefer., 200.xx
  • #62,368
  • Feb 19, 2008 11:27am Feb 19, 2008 11:27am
Quoting Dat7447
Quecee5,.
could u agree if I think we're going to 207.xxlower/206.78, then 217 is there for GJ?...or do you prefer., 200.xx
IMO, I don't think we'll see 207 just yet, here's why. . .

1) GJ just made a higher low, look at 5min chart

2) GJ had 5 waves down, according to classic EW we have to go up 3 waves before this cycle is completed.

3) GJ just completed Wave 1 up and Wave 2 down, the next wave should end at least 300-400 pips above which is Wave 3 (the longest wave). his would put GJ around 212/213 area which would challenge 211.80 tough resistance., then we should go back down. . .

A breach of 213/214 area would lead GJ toward 214.50/215.50, a breach of that would get GJ toward 217.50 area

I'm long and strong. . .

p.s.

Also, I posted earlier that if GJ got back above intraday pivot 209.70 and hold then get above 210 area , that means we are in wave 3 in this up move. . .

See ya at the top! =
  • #62,369
  • Feb 19, 2008 11:29am Feb 19, 2008 11:29am
Got stopped out on GJ at +1 argggg! was long from 209.45. Looking for another sweet entry to go long. Hate the NY session!!!!
  • #62,370
  • Feb 19, 2008 11:32am Feb 19, 2008 11:32am
Looks like intraday pivot of 209.70 is holding. If we can close above that on 4hr at 3pm est we should be could to atleast Daily S1 at 210.60 area but that 4hr 50EMA and 5SMA are hurdles need to close above them for nice long to 211.20 area. What ya think Q
  • #62,371
  • Feb 19, 2008 11:36am Feb 19, 2008 11:36am
hi..guys...

my personal preview...i look...gj can area Ema25...maybe gj can go to EMa50(210.02)...Strong resistance in my tf 15 now is price Ema50..if above candle create...maybe Gj can go...210.30.... so nice post now to take long is better...just my opinion:
Attached Image (click to enlarge)
Click to Enlarge Name: hhhh.JPG Size: 79 KB
  • #62,372
  • Feb 19, 2008 11:47am Feb 19, 2008 11:47am
Quoting Dat7447
Quecee5,.
could u agree if I think we're going to 207.xxlower/206.78, then 217 is there for GJ?...or do you prefer., 200.xx
Here is what my eyes are seeing. . ., also, there is some support @ ar'd 209.38 area as well.

Lets see how this plays out.
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr chart.gif Size: 26 KB
  • #62,373
  • Feb 19, 2008 11:48am Feb 19, 2008 11:48am
Quoting quecee5
Here is what my eyes are seeing. . ., also, there is some support @ ar'd 209.38 area as well.

Lets see how this plays out.
I agree with you on that Quecee, nice analysis as always my friend!
I dream, therefore I become.
  • #62,374
  • Feb 19, 2008 11:52am Feb 19, 2008 11:52am
Quoting mike w
I agree with you on that Quecee, nice analysis as always my friend!
Heh, Mike. . .

Did you catch that sweet short down? Classic H&S and EW. . . Sweet!
  • #62,375
  • Feb 19, 2008 11:56am Feb 19, 2008 11:56am
Quoting quecee5
Heh, Mike. . .

Did you catch that sweet short down? Classic H&S and EW. . . Sweet!
so...u will short gj already quecee5...?..my opinion...gj wanna...break EMA50 210.00 at TF 15...so i prefer..Bull market after that...
  • #62,376
  • Feb 19, 2008 11:57am Feb 19, 2008 11:57am
Quoting vinesh2
Looks like intraday pivot of 209.70 is holding. If we can close above that on 4hr at 3pm est we should be could to atleast Daily S1 at 210.60 area but that 4hr 50EMA and 5SMA are hurdles need to close above them for nice long to 211.20 area. What ya think Q
I'm thinking we came 5 waves down, if you draw your fib from that top to the fall, 50% of that would put GJ back at the daily pivot @ 211.23. . .

Also, that would be the last leg up in this 3 wave correction, then I'm thinking back down to test the lows 204 area. . .

Call me crazy but. . .
  • #62,377
  • Feb 19, 2008 12:00pm Feb 19, 2008 12:00pm
Quoting quecee5
Heh, Mike. . .

Did you catch that sweet short down? Classic H&S and EW. . . Sweet!
Yeah I was in on it since the higher 213's and added the whole way down. Made a nice little chunk of change because of it. I see at least a retrace to the 211's too. After that, I am just going to wait and see if price action will break that area of resistance. If it does, then I am staying long and if not, then short we go again.
I dream, therefore I become.
  • #62,378
  • Feb 19, 2008 12:05pm Feb 19, 2008 12:05pm
Q, simply SUPER you are. I just love your annalysis. thanks a lot mate i personally have learnt many thing from you. you are doing a great job. keep up the good work May pips be with you all the time.
regards
Quoting quecee5
IMO, I don't think we'll see 207 just yet, here's why. . .

1) GJ just made a higher low, look at 5min chart

2) GJ had 5 waves down, according to classic EW we have to go up 3 waves before this cycle is completed.

3) GJ just completed Wave 1 up and Wave 2 down, the next wave should end at least 300-400 pips above which is Wave 3 (the longest wave). his would put GJ around 212/213 area which would challenge 211.80 tough resistance., then we should go back down. . .

A breach of 213/214 area would lead GJ toward 214.50/215.50, a breach of that would get GJ toward 217.50 area

I'm long and strong. . .

p.s.

Also, I posted earlier that if GJ got back above intraday pivot 209.70 and hold then get above 210 area , that means we are in wave 3 in this up move. . .

See ya at the top! =
  • #62,379
  • Feb 19, 2008 12:14pm Feb 19, 2008 12:14pm
Quoting mike w
Yeah I was in on it since the higher 213's and added the whole way down. Made a nice little chunk of change because of it. I see at least a retrace to the 211's too. After that, I am just going to wait and see if price action will break that area of resistance. If it does, then I am staying long and if not, then short we go again.
Good plan. . .
  • #62,380
  • Feb 19, 2008 12:14pm Feb 19, 2008 12:14pm
Actually Quecee, looking at my charts I can see at least 212 for price as that's where resistance really starts to kick into play up until 213. If price gets rejected in that area, I would look at it with more weight than if it were to fade at 211.
I dream, therefore I become.
452 traders viewing now