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Auslanco-GBP/JPY Strength Indicator strategy 345 replies

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

Quoting quecee5
These countries rely on exports to keep their factories operating. Export success then attracts foreign direct investment that advances development.

Countries like these have therefore channeled their trade surpluses into dollars, keeping the dollar overvalued and enabling them to sell in the US market. This explains both the continuing strong demand for dollars despite the US trade deficit and the dollar’s dominance in official foreign-exchange holdings.

Therefore when the US economy deteriorates it directly effects countries like these so they sell US dollars onto the market. . .
Yup, if US sneezes every one catching up the cold http://www.forexfactory.com/images/icons/icon10.gif
In some point, I have to agree with Quecee, this pair is still very bearish. My prediction, tomorrow would go down but retrace on Monday morning :-)
Just my observation and I wouldn't trade it. I am trading Eur/Usd today which I think is safer and more predictable, but could be different on the other day
This is where keeping up with the news is good.

Fukui is very bullish that the Japanese economy can grow despite recession worrries in the US. This was the senitment of his last speech.

Is this a man indicating that his country is going to do a suprise rate cut ?

All that a rate cut in Japan would do is hurt the economy. I think JPY gains tonight

NFP likely to be as expected or negative surprise.

How many reports have we had with upside surprises to them recently.?

I am very happy to be holding GBPJPY short thru any news these days... 95% of the time in recent weeks it has just dropped on news as the news has never been good.
Blogging daily now at www.volume.zone
Down Baby!!!!Down


Carrytraders shakin in there boots
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpn.gif Size: 27 KB
GREED IS THE ULTIMATE INDICATOR
Quoting fxcellent
Down Baby!!!!Down


Carrytraders shakin in there boots
I think BOJ news tonight will decide where we will go.

Mind sharing those exotic indicators ruleof9, brianindex and psychological? .mql if possible. Thanks.
Part of it is the Brijon Method. along with my own spin on it....more of a confirmation chart than anything...rule of nine would take two weeks to explain...book logical trader would help......phych is just confirmation of trend change
GREED IS THE ULTIMATE INDICATOR
Quoting SimonJ
I think BOJ news tonight will decide where we will go.

Mind sharing those exotic indicators ruleof9, brianindex and psychological? .mql if possible. Thanks.
This is for you newbies out there.

About indicators.

I have never heard of the three indicators above. I have been trading for 4 years.

Most trades are made based on something. Maybe it might be crossing of moving averages , or stochastics crossing , or MACD .
The point is.... why use exotic indicators as there might only be a few handful of other traders out there that use ? Keep with the main stream indicators as those ones are likely the indicators that other traders are basing their trades on.

Remember trading is simple when you make it simple.
Make it complicated and it will become complicated.
Blogging daily now at www.volume.zone
Quoting malcolmb14
This is where keeping up with the news is good.

Fukui is very bullish that the Japanese economy can grow despite recession worrries in the US. This was the senitment of his last speech.

Is this a man indicating that his country is going to do a suprise rate cut ?

All that a rate cut in Japan would do is hurt the economy. I think JPY gains tonight

NFP likely to be as expected or negative surprise.

How many reports have we had with upside surprises to them recently.?

I am very happy to be holding GBPJPY short thru any news these days... 95% of the time in recent weeks it has just dropped on news as the news has never been good.
Another thing to keep in mind also is that a high currency is good if inflation is high. The US is screwed inflationwise with the dollar low like this. Fukui does not want to raise interest rates because that slows down the economy and he does not want to lower them because of the rising inflation. The Japs like the UJ low because inflation will get out of hand soon. Their export sector is not even 10% of all businesses in Japan and they will adapt.
I agree. here is my trend trading chart as well
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 20 KB
GREED IS THE ULTIMATE INDICATOR
Quoting fxcellent
I agree. here is my trend trading chart as well

Do those blue triangles get auto plotted or do you have to plot them. They show the price action well.
Blogging daily now at www.volume.zone
Hey guys

Pips are going down... Join the Trend and EAT the BULLs while it lasts

NFP is funny. Act up before... Greenback wakes LOL

Short @103.05 +10 pips uphttp://www.alkaspace.com/free/spit_i...f1e09529679c02
Cable is moving up.
Quoting fxcellent
Down Baby!!!!Down


Carrytraders shakin in there boots
Fxcellent, what are these indicators on your chart, especialy this Psychological indicator
The bulls will slaughter any bear and price will reach 50% fib and 61.8%

Patience is the key
Trade what you see, not what you think.
Quoting malcolmb14
Do those blue triangles get auto plotted or do you have to plot them. They show the price action well.
Thank for noticing malcome...I place them myself keeps me sharp...ahhhhhhhhh1!!!!!! Us traders have it easy remember the days when they were no demo account you deposited your hard earned money. traded it and lost it and cried???...nowadays demo accounts ....traders dont know how easy they have it
GREED IS THE ULTIMATE INDICATOR
UJ1d
http://www.tradingrooms.com/chartpos...2008232321.png
1h trendline(s) still intact. Flag formation on 4h which could provide a large move if broken, either way. As someone have stated before in this thread, it can be hard to predict which way GJ will move, although a trading-plan + patience should do either way.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1hgj.gif Size: 19 KB
Click to Enlarge Name: 4hgj.gif Size: 14 KB
Measure twice, cut once
Quoting karmostaji
The bulls will slaughter any bear and price will reach 50% fib and 61.8%

Patience is the key
I agree Karmo....I should be at the bank by then....hopefully. and I have to say you are probabIy one of the most impressive personalities on this thread(as far as i can see) your journal is amazing really..you deserve the respect of everyone on this thread. If you guys dont know what Im talkin about do to forums then journals
GREED IS THE ULTIMATE INDICATOR
Quoting karmostaji
The bulls will slaughter any bear and price will reach 50% fib and 61.8%

Patience is the key
Great component to the Patience phenomenon is the Correct Money Management using these two ingredients while cooking up Green peeps allows your fingernails stay at their normal rate of growth and same with your account!!!! Amen to that!!! Thank you Karm for all of the good things!!!
here we go mate
Quoting SimonJ
I think BOJ news tonight will decide where we will go.

Mind sharing those exotic indicators ruleof9, brianindex and psychological? .mql if possible. Thanks.
Attached File(s)
File Type: zip BrianIndex.zip   2 KB | 303 downloads
File Type: zip MT4-Psychological.zip   1 KB | 330 downloads
File Type: zip RuleOf9.zip   1 KB | 330 downloads
File Type: zip WaterLevel.zip   3 KB | 314 downloads
Where are u drawing the fib from??????

Quoting karmostaji
The bulls will slaughter any bear and price will reach 50% fib and 61.8%

Patience is the key
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