Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 3180 | 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)

  • #63,581
  • Feb 26, 2008 12:21pm Feb 26, 2008 12:21pm
Quoting auxesis
Arezab,

I’m sorry I didn’t communicate better, I showed a daily chart last night with the expectations to retest the higher s/r levels around 219.

Then went to the hourly chart to determine the daily trend which was up, higher highs higher lows.

From there I was anticipating the drop this morning or correction and went to the lower time frames for an entry north, I believe my overall assessment of price action was correct, I just didn’t get the fill I had wanted that was shown on the last chart.

My only concern was the ability for price to make a new high as the channels were starting to flatten out and there was obvious divergence in price action.

Sorry to have interrupted.

a
No interruption mate, I thought it would be easier for yourself to put your analysis here once when you shift to higher TF's. I know you devote your valuable time for building charts with sup/res lines, fibs etc. and then type your analysis for that and sharing it with the others, you know it's highly appreciated because that is the main purpose of this thread as I do the same and the other guys here which is very valuable.

I've learned so much from this thread, the charts and thoughts that are being sent everyday, I even save your charts for further analysis later, but I think if we gather our minds for a longer term analysis like on H1 or H4 TF's per day, it would be much better and easier for ourselves and everybody else how want to use these information.

Though no disrespect intended mate ...
Discipline + Patience - Fear - Greed = Success
  • #63,582
  • Feb 26, 2008 12:24pm Feb 26, 2008 12:24pm
i got weekly 5sma high and weekly 200sma between 213.40 and 213.50 and i remember last time also price bounced of this area.
Quoting karmostaji
The Daily 50ema is right above 213, it could provide resistance.
  • #63,583
  • Feb 26, 2008 12:26pm Feb 26, 2008 12:26pm
Quoting karmostaji
OK I know I've been screaming 217 for weeks, but a different scenario could play out based on the QQE indicator.

The Daily QQE has recovered and it has touched the 50 line, it could cross down from here and the next leg down could start. 213-214 area is a tough resistance. The 4H QQE is also reaching the overbought area, so what happens next?

2 scenario's are on my mind, but which one will actually play out? stay tuned

I think the fibs aren't talking to you, Karmo. They screaming at you: %50, %50, %50. (I hope so.)

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #63,584
  • Feb 26, 2008 12:30pm Feb 26, 2008 12:30pm
Quoting jarroo
I think the fibs aren't talking to you, Karmo. They screaming at you: %50, %50, %50. (I hope so.)

Jim
A daily candle close above 213 and the 50ema, and you will see rockets flying, big big rockets!
Trade what you see, not what you think.
  • #63,585
  • Feb 26, 2008 12:36pm Feb 26, 2008 12:36pm
g/u shooting up?
Fear's for the other guy
  • #63,586
  • Feb 26, 2008 12:37pm Feb 26, 2008 12:37pm
Everything depends on JEN

Possibly we are going DOWN....
Attached Image (click to enlarge)
Click to Enlarge Name: jen.jpg Size: 131 KB
  • #63,587
  • Feb 26, 2008 12:40pm Feb 26, 2008 12:40pm
Quoting venci
Everything depends on JEN

Possibly we are going DOWN....
True, but the pound is going to keep, possibly, moving upwards. I still think we're going to see the 2's soon. That monthly bar has me hell bent on it to be coming soon. As it is, we will be seeing a higher close than last month, although not by much.
I dream, therefore I become.
  • #63,588
  • Feb 26, 2008 12:41pm Feb 26, 2008 12:41pm
Allright, guys!
Was pleasure to read almost everybodies posts, especially 1kt members, good job!
Let me do my first step and do it with the chart.
As we can see now our beloved pair gbp/jpy is at the very interesting level:ascending triangle+a resistant level at 213.06, which was tested at least twice this morning and afternoon, then it lines up with a 23,6 level, which imho should be broken in a day or so, but with a certain retest. After price is broken and done with the retest, it should travel up to it's 38,2 level. But, again imho, i don't think it will reach it, because of a strong support at around 216,10. So a little consolidation may happen between this 2 red lines with touching at least 215,xx, that's for to be on a safe side! Although if it breaks it the 50 fibs is on the way, but the fundamentals have to put a decent job in it!
The comments are greatly appreciated...
p.s. my first try and i lost the power, no electricity, so it may take a while to post a chart, hope it wouldn't be late.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 27 KB
If you do - don't be afraid, if you are afraid - don't do
  • #63,589
  • Feb 26, 2008 12:43pm Feb 26, 2008 12:43pm
Quoting venci
Everything depends on JEN

Possibly we are going DOWN....
I love this, this is like a game of chess.
  • #63,590
  • Feb 26, 2008 12:46pm Feb 26, 2008 12:46pm
Finally, the power is back on, ohh my lost island!
i found out that gbp/jpy still has aproblem to get through resistant, so imho why wouldn't we see a little back off, in one leg witH DOW, to about 212.50 and then with a good volatility crash that level...?
If you do - don't be afraid, if you are afraid - don't do
  • #63,591
  • Feb 26, 2008 12:51pm Feb 26, 2008 12:51pm
Quoting karmostaji
The Daily 50ema is right above 213, it could provide resistance.
Yeah, basically we have resistance every 10-20 pips in the 213 area.
  • #63,592
  • Feb 26, 2008 12:54pm Feb 26, 2008 12:54pm
The pink or black thick will become the active channel for ending diagonal for this wave set me thinks
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_18.gif Size: 85 KB
"Millionaires don't use astrology, billionaires do"
  • #63,593
  • Feb 26, 2008 1:07pm Feb 26, 2008 1:07pm
Quoting koltri
Finally, the power is back on, ohh my lost island!
You better go outside and see if your broker is running around with a big set of wire cutters.

On the 15 minute 8 opens and closings within 18 pips. Am keeping my eye on the dow.
History is written by the victors.
  • #63,594
  • Feb 26, 2008 1:18pm Feb 26, 2008 1:18pm
lol, money-rx
check the cnbs they are talking about power issue in South Miami, guess the broker put a bigger aim
If you do - don't be afraid, if you are afraid - don't do
  • #63,595
  • Feb 26, 2008 1:19pm Feb 26, 2008 1:19pm
Quoting Money-RX
You better go outside and see if your broker is running around with a big set of wire cutters.
.
haha they are a tricky lot. I shot a couple with my red rider BB gun the other day when they were messing with my power lines.
I dream, therefore I become.
  • #63,596
  • Feb 26, 2008 1:43pm Feb 26, 2008 1:43pm
So the G/Y is sort of following DOW today. Despite bad economic news everywhere, Dow is up around 140 now because IBM wants to buy back stock and let everyone know that "there are still some companies out there with muscle."

So is the conclusion that some analyst or accountant at IBM ruled the market today?
History is written by the victors.
  • #63,597
  • Feb 26, 2008 2:33pm Feb 26, 2008 2:33pm
I've been watching the movement pattern of this pair for a while. There is an interesting point I noticed that GJ moves down much faster and sharper than moving up. I'm curious to know the reason behind it and what causes that this pair raises comparatively slower and it happens in longer time but when it wants to fall, it falls like a waterfall.

Is it because of Risk Aversion, Carry Trade Unwinding or because of weakness of Yen compared to Cable and the huge difference between the value of these two currencies?

Can someone enlighten me about that?

Thanks
Discipline + Patience - Fear - Greed = Success
  • #63,598
  • Feb 26, 2008 2:38pm Feb 26, 2008 2:38pm
Quoting arezab
I've been watching the movement pattern of this pair for a while. There is an interesting point I noticed that GJ moves down much faster and sharper than moving up. I'm curious to know the reason behind it and what causes that this pair raises comparatively slower and it happens in longer time but when it wants to fall, it falls like a waterfall.

Is it because of Risk Aversion, Carry Trade Unwinding or because of weakness of Yen compared to Cable and the huge difference between the value of these two currencies?

Can someone enlighten me about that?

Thanks
Because like anything it needs support and the lack of it it falls quickly
"Millionaires don't use astrology, billionaires do"
  • #63,599
  • Feb 26, 2008 2:40pm Feb 26, 2008 2:40pm
Quoting arezab
I've been watching the movement pattern of this pair for a while. There is an interesting point I noticed that GJ moves down much faster and sharper than moving up. I'm curious to know the reason behind it and what causes that this pair raises comparatively slower and it happens in longer time but when it wants to fall, it falls like a waterfall.

Is it because of Risk Aversion, Carry Trade Unwinding or because of weakness of Yen compared to Cable and the huge difference between the value of these two currencies?

Can someone enlighten me about that?

Thanks
Your in the middle of a hill. Which way is easier to go, up or down? lol I really have no idea, I just let it roll and I roll with it. Some things are questionable, but I don't let that get in between me and profit. I've wondered this for a long time too, an explanation would be dandy. I think it's because there is more selling pressure than there is buying pressure (for this pair), and that is why it happens like that. The big players are more than likely still short from the top. Big players move the market so that's the only way I could see that happening.
I dream, therefore I become.
  • #63,600
  • Feb 26, 2008 2:41pm Feb 26, 2008 2:41pm
I try to think why, but cannot find a deep answer..im sorry mate...maybe im already sleepy or what..but still, i want to answer it and hope someone will enlight you better than me..ok here it go.My answer..Gravity.


Quoting arezab
I've been watching the movement pattern of this pair for a while. There is an interesting point I noticed that GJ moves down much faster and sharper than moving up. I'm curious to know the reason behind it and what causes that this pair raises comparatively slower and it happens in longer time but when it wants to fall, it falls like a waterfall.

Is it because of Risk Aversion, Carry Trade Unwinding or because of weakness of Yen compared to Cable and the huge difference between the value of these two currencies?

Can someone enlighten me about that?

Thanks
104 traders viewing now