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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #63,401
  • Feb 25, 2008 4:19am Feb 25, 2008 4:19am
Quoting cgldsmth
I wouldn't be surprised if we're down at 210 at end of play today. There is a certain symmetry to recent movements with a US retrace of the london big move.
  • #63,402
  • Feb 25, 2008 4:21am Feb 25, 2008 4:21am
Quoting karmostaji
210? hmm I dunno about that but nonetheless an interesting analysis
I know it sounds crazy and it might not happen until later today or maybe sooner. . .
I do agree with u that gj is definitely in an uptrend and we could see higher prices soon.

Lets see where it goes.
  • #63,403
  • Feb 25, 2008 4:24am Feb 25, 2008 4:24am
Price is between two S/R levels, they are 211.45 and 211.95
the 50% fibo level from the rally today is at 211.25
Trade what you see, not what you think.
  • #63,404
  • Feb 25, 2008 4:28am Feb 25, 2008 4:28am
Nope..not crazy..market always up and down..if market retrace, 210.90 ish is a good area of re enter..somehow im interested to trade that pinbar on h1, but better wait since the the trend is up.A brake and close above 212.80 ish will be a very good up trend signal since i have a major resistance on that area.so let watch this baby .IMO

Quoting quecee5
I know it sounds crazy and it might not happen until later today or maybe sooner. . .

Lets see where she goes. I do agree with u that gj is definitely in an uptrend and we could see higher prices soon. . .
  • #63,405
  • Feb 25, 2008 4:33am Feb 25, 2008 4:33am
Be back later to see how it all works out. . .
  • #63,406
  • Feb 25, 2008 4:35am Feb 25, 2008 4:35am
Quoting parlenk
Nope..not crazy..market always up and down..if market retrace, 210.90 ish is a good area of re enter..somehow im interested to trade that pinbar on h1, but better wait since the the trend is up.A brake and close above 212.80 ish will be a very good up trend signal since i have a major resistance on that area.so let watch this baby .IMO
  • #63,407
  • Feb 25, 2008 5:07am Feb 25, 2008 5:07am
it's a Piccaso technics

so, all pretensions send please - to Piccaso.

http://www.tradingrooms.com/chartpos...8200822566.png

http://www.tradingrooms.com/chartpos...2008232344.png
  • #63,408
  • Feb 25, 2008 5:21am Feb 25, 2008 5:21am
Quoting jarroo
Just to show the power of a Weekly Inside Bar (candle), with a small range relative to its prior Bars, take a look at this 2100 pip move back in Nov. 2000.
Bullish harami's are very powerful when they happen.
Blogging daily now at www.volume.zone
  • #63,409
  • Feb 25, 2008 5:23am Feb 25, 2008 5:23am
obviously, or we wouldnt haveso many following it, but i want to ask, can most followers reading this post give an idea of their success ratio with it ?
  • #63,410
  • Feb 25, 2008 5:29am Feb 25, 2008 5:29am
Quoting ngforexman
obviously, or we wouldnt haveso many following it, but i want to ask, can most followers reading this post give an idea of their success ratio with it ?
I do use auslanco's strategy with my own strategy (TL's, channels, patterns) and it's very very profitable, I dont know of an exact ratio but 80%+
Trade what you see, not what you think.
  • #63,411
  • Feb 25, 2008 5:34am Feb 25, 2008 5:34am
Quoting karmostaji
I do use auslanco's strategy with my own strategy (TL's, channels, patterns) and it's very very profitable, I dont know of an exact ratio but 80%+
What happened with Auslanco .. where is he?
  • #63,412
  • Feb 25, 2008 5:35am Feb 25, 2008 5:35am
Quoting venci
What happened with Auslanco .. where is he?
I have no clue, you may PM him if you want.
Trade what you see, not what you think.
  • #63,413
  • Feb 25, 2008 5:36am Feb 25, 2008 5:36am
Quoting quecee5
No idea on the correlation of gold and gj, but I do pay attention to uj and oil prices. . .

Now don't get me wrong, I do believe gj is in an uptrend for the moment but the demand for the pair could be lower before heading higher. . .

Lets see how it plays out. . .

Cheers!

Investors move money into gold when there is global instability (war or economic) , as it is considered a 'safe investment' When gold goes up it shows risk aversion in the markets.

GBPJPY is a carry trade .. gold goes up , risk aversion is unwinding , gbpjpy goes down as carry trades close their long positions and put money into other investments.

Look at gold chart and dj-30 chart side by side ..... since the drop off 14200 on dj-30 gold has gone from 750 to 950 an ounce. In same time GBPJPY dropped 240 to 210.

There is talk of gold being $1200 per ounce later this year .. where does that put GBPJPY ?
Blogging daily now at www.volume.zone
  • #63,414
  • Feb 25, 2008 5:50am Feb 25, 2008 5:50am
Quoting karmostaji
I do use auslanco's strategy with my own strategy (TL's, channels, patterns) and it's very very profitable, I dont know of an exact ratio but 80%+

Could you mentor me?
  • #63,415
  • Feb 25, 2008 5:53am Feb 25, 2008 5:53am
Quoting ngforexman
Could you mentor me?
Everything is here on this forum, I don't have any secret weapon or something lol. You just need to dig into the good threads and read up, then practice, practice, and practice some more until you get so familiar with the indicators. I have a thread about my strategy where I've explained how I trade this beast, and this thread has everything about auslanco's strategy

Do your research, it's worth it and if you have any questions.. just ask
Trade what you see, not what you think.
  • #63,416
  • Edited 6:02am Feb 25, 2008 5:54am | Edited 6:02am
very interesting in deed, thanks for the info, I'm a newbe, hi to all, good luck trading, I read all your treads, follow auslancos system with a twist, 64 ema with an 8 ema on 5min chart, with macd and rsi8, but I love this sma 50, god bless you all.
Ps I meant to sai awsome the correlation of gold with the currencys, but how it work I wonder if they pulling money all together to buy gold why it afect one currency and not the other, sorry if is a silly q?
thanks in advadce
The Chonchy
  • #63,417
  • Feb 25, 2008 5:56am Feb 25, 2008 5:56am
According to my charts we will finish this week in a negative! I do no think this pair will go higher than 212.57.
  • #63,418
  • Feb 25, 2008 6:01am Feb 25, 2008 6:01am
Quoting karmostaji
Price is between two S/R levels, they are 211.45 and 211.95
the 50% fibo level from the rally today is at 211.25
Price broke right above .95 with new momentum pointing upwards, 213 should be the next target for longs, patience karmo
Trade what you see, not what you think.
  • #63,419
  • Feb 25, 2008 6:07am Feb 25, 2008 6:07am
Quoting karmostaji
Price broke right above .95 with new momentum pointing upwards, 213 should be the next target for longs, patience karmo
I have bear div rsi14 on mutliple time frames for gbpjpy right now including 5,10.15 , 30 , 60 min ,120 min and 4 hour. off this double top 212 zone.

Just a heads up ... when I see these bear divergence they work 99% of the time ... on multiple times frames 100%.
Blogging daily now at www.volume.zone
  • #63,420
  • Feb 25, 2008 6:19am Feb 25, 2008 6:19am
Quoting malcolmb14
I have bear div rsi14 on mutliple time frames for gbpjpy right now including 5,10.15 , 30 , 60 min ,120 min and 4 hour. off this double top 212 zone.

Just a heads up ... when I see these bear divergence they work 99% of the time ... on multiple times frames 100%.
they work 99% , 100%? Ok I'll leave you in Disneyland my friend
Trade what you see, not what you think.
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