Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 3223 | 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)

  • #64,441
  • Mar 2, 2008 10:33pm Mar 2, 2008 10:33pm
Everybody must understand that the pair will NOT just go down in a straight line, price moves in waves, we must have retracements for new sellers to enter the market otherwise the market would be boring
Trade what you see, not what you think.
  • #64,442
  • Mar 2, 2008 10:34pm Mar 2, 2008 10:34pm
I have it in range still 204.4 to 204.8
Blogging daily now at www.volume.zone
  • #64,443
  • Mar 2, 2008 10:39pm Mar 2, 2008 10:39pm
Quoting karmostaji
Everybody must understand that the pair will NOT just go down in a straight line, price moves in waves, we must have retracements for new sellers to enter the market otherwise the market would be boring
Not if you were trading in the direction of the straight down it would not be ...what is boring about your account having money added to it a fast rate of knots ?



All the sellers need is buyers... and there seems to be lots of them out there at this price level judging by this forum.

It will be an interesting week .... that is for sure.
Blogging daily now at www.volume.zone
  • #64,444
  • Mar 2, 2008 10:40pm Mar 2, 2008 10:40pm
Quoting malcolmb14
I have it in range still 204.4 to 204.8
For now, UJ had son good bid below. . . but it will be faced with tough resistance @ 103.70/104 area. . .

GJ will also be faced with tough resistance going back up to 205-207 area...
I suspect the uptrend we will see will be very short-term...
Gotta have some short squeezes before we head back down.
  • #64,445
  • Mar 2, 2008 10:42pm Mar 2, 2008 10:42pm
Quoting malcolmb14
Not if you were trading in the direction of the straight down it would not be ...what is boring about your account having money added to it a fast rate of knots ?



All the sellers need is buyers... and there seems to be lots of them out there at this price level judging by this forum.

It will be an interesting week .... that is for sure.
don't get married to your positions.
Trade what you see, not what you think.
  • #64,446
  • Mar 2, 2008 10:44pm Mar 2, 2008 10:44pm
Quoting karmostaji
don't get married to your positions.
RULE #1 =
  • #64,447
  • Mar 2, 2008 10:46pm Mar 2, 2008 10:46pm
Quoting karmostaji
don't get married to your positions.
Don't let your fiance hear you say that, karmo.
Indicators show the past. Price Action "Indicates" the future.
  • #64,448
  • Mar 2, 2008 10:48pm Mar 2, 2008 10:48pm
Quoting karmostaji
don't get married to your positions.
I have traded 7 times tonight both long and short .

One thing I do not do is get married to my positions.

I just went short off 204.80 to see if we get that range bottom again at 204.40 on a 2 min chart

I have had one position trade short off 213 ... and still holding , but I do like to day trade the GBPJPY for 5 - 8 hours a day , typically in the eur / us overlap.

There is such good volatlity tonight I could not resist.

I agree though positon trader should not get married to the trade.
Blogging daily now at www.volume.zone
  • #64,449
  • Mar 2, 2008 10:50pm Mar 2, 2008 10:50pm
Bad News , the OIL is going to 102 USD a Barrel... now 101.82 on my charts .... it seems today we will have an other record on OIL because Opec Refused to Increase the Output.
Imagination is more important than knowledge. -- Albert Einstein
  • #64,450
  • Mar 2, 2008 11:00pm Mar 2, 2008 11:00pm
Quoting jarroo
Don't let your fiance hear you say that, karmo.
LOL
Trade what you see, not what you think.
  • #64,451
  • Mar 2, 2008 11:02pm Mar 2, 2008 11:02pm
Quoting malcolmb14
I have traded 7 times tonight both long and short .

One thing I do not do is get married to my positions.

I just went short off 204.80 to see if we get that range bottom again at 204.40 on a 2 min chart
How do you determine SL when scalping?
History is written by the victors.
  • #64,452
  • Mar 2, 2008 11:10pm Mar 2, 2008 11:10pm
If the current candle closes here or above and forms a DBLHC, I'll enter long for a limited retracement targeting 206.10
Attached Image (click to enlarge)
Click to Enlarge Name: dblhc.gif Size: 30 KB
Discipline + Patience - Fear - Greed = Success
  • #64,453
  • Mar 3, 2008 12:05am Mar 3, 2008 12:05am
Quoting arezab
If the current candle closes here or above and forms a DBLHC, I'll enter long for a limited retracement targeting 206.10
You gotta wait until the bars (candles) close, my friend.
Indicators show the past. Price Action "Indicates" the future.
  • #64,454
  • Mar 3, 2008 12:07am Mar 3, 2008 12:07am
yes sure Jim.
Discipline + Patience - Fear - Greed = Success
  • #64,455
  • Mar 3, 2008 12:10am Mar 3, 2008 12:10am
Quoting arezab
If the current candle closes here or above and forms a DBLHC, I'll enter long for a limited retracement targeting 206.10
arezab, nice chart...

What indicator are you using by the way?
  • #64,456
  • Mar 3, 2008 12:12am Mar 3, 2008 12:12am
Quoting charlinks
What about your signature?

"Indicators show the past. Price Action shows the future."

I think... errr... what if my indicator is BASED on Price Action?
does it show the future, the past or the present?
What indicator is that?
Indicators show the past. Price Action "Indicates" the future.
  • #64,457
  • Mar 3, 2008 12:15am Mar 3, 2008 12:15am
Quoting karmostaji
don't get married to your positions.
wow you believe in Live in relationships

how many u got man
  • #64,458
  • Mar 3, 2008 12:23am Mar 3, 2008 12:23am
Wow, any attempt for a retrace on this beast gets smacked down.
Indicators show the past. Price Action "Indicates" the future.
  • #64,459
  • Mar 3, 2008 12:27am Mar 3, 2008 12:27am
I would not advice any one to place any long order on this pairs until we have seen a clear bottom, may be by Thursday/Friday before NPF. Because commercial traders are still adding to their short positions. Also, fund borrowers from Japan are still paying back their borrowed funds as a result Japans' end of accounting season.
God is good
  • #64,460
  • Mar 3, 2008 12:28am Mar 3, 2008 12:28am
Roger that Jaroo, been scalping all day finally nice to see a good move down. Right team how is everything sizing up Euro session open?? Im looking down..
68 traders viewing now