Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 3333 | 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)

  • #66,641
  • Mar 7, 2008 7:57am Mar 7, 2008 7:57am
Break above 206.30 > Bulls take control

Break below 205.00 > Bears take control
Trade what you see, not what you think.
  • #66,642
  • Mar 7, 2008 7:58am Mar 7, 2008 7:58am
tonight were gonna party like it 1999!!!!!!!!! wait for the markets in new york we will see 203
GREED IS THE ULTIMATE INDICATOR
  • #66,643
  • Mar 7, 2008 7:58am Mar 7, 2008 7:58am
Quoting ernesto
I am a little bit angry on myself... went perfectly in @ 205.9... afterwards the stop catching started - also no problem.

This way I already estimated that we will go down.

And then I was too greedy and didn't close my position @ 204.86... ahhhh !!!!

IMHO we still will go down... now everybody who plays the retracement jumps in... but... could have had twice the profit :-(

BUT: somebody is omehow supporting UJ... can't understand that it doesn't fall more...

Anyways... lessons learnt...

Piggy .... lol ... you wanted ALL the pips.....lol

be very careful holding that short with the rumour of rate cut out there.
Blogging daily now at www.volume.zone
  • #66,644
  • Mar 7, 2008 8:01am Mar 7, 2008 8:01am
Quoting malcolmb14
100 pips .... so that is 280 in the bag so far. i am now on 2 min looking for next trade.

There are a few traders who slag me off every time I post lol..... but I know there are a few that learn a thing or 2 from my posts.

so here is why I went short .. I want to explain my thought process and hope you all get something out of it.

1) NFP coming out today . No news has been good news recently
2) Rumour of Fed emergency rate cut same day the NFP comes out..seems strange to me. That indicated to me NFP was NFG (no fing good) as the feds knew the markets would drop, dj futures touched 11900.
3) I saw this on the YM chart 10 min before gbpjpy even reacted..see chart That is like GBPJPY going up 100 pips and dropping 200 pips in 15 min.
4) my gut instinct indicator screamed sell .. so i did

Attachment
Malcolmb appreciate your comments. The understanding part is still a bit over my head, but something to work towards.

regards,
Damo.
where thought goes energy flows
  • #66,645
  • Mar 7, 2008 8:01am Mar 7, 2008 8:01am
AHHHH... who the fu.. (sorry) buys USD/JPY ?!?!?

Can somebody explain to me as if I were a tiny child? Please !
  • #66,646
  • Mar 7, 2008 8:02am Mar 7, 2008 8:02am
Quoting fxcellent
tonight were gonna party like it 1999!!!!!!!!! wait for the markets in new york we will see 203

Not sure on that right now. That rumour of fed rate cut is bugging me. If that happens we could go up at a fast rate of knots.

I am flat right now.
Blogging daily now at www.volume.zone
  • #66,647
  • Mar 7, 2008 8:02am Mar 7, 2008 8:02am
Quoting ernesto
AHHHH... who the fu.. (sorry) buys USD/JPY ?!?!?

Can somebody explain to me as if I were a tiny child? Please !
BoJ maybe? Just a guess from a newb.
  • #66,648
  • Mar 7, 2008 8:03am Mar 7, 2008 8:03am
Quoting malcolmb14
Not sure on that right now. That rumour of fed rate cut is bugging me. If that happens we could go up at a fast rate of knots.

I am flat right now.
I like that lol

Nowadays bad news is good news, abnormal market
Trade what you see, not what you think.
  • #66,649
  • Mar 7, 2008 8:03am Mar 7, 2008 8:03am
Quoting malcolmb14
Piggy .... lol ... you wanted ALL the pips.....lol

be very careful holding that short with the rumour of rate cut out there.
Malcomb - shouldn't a rate cut send USD/JPY down???
  • #66,650
  • Mar 7, 2008 8:03am Mar 7, 2008 8:03am
Quoting malcolmb14
100 pips .... so that is 280 in the bag so far. i am now on 2 min looking for next trade.

There are a few traders who slag me off every time I post lol..... but I know there are a few that learn a thing or 2 from my posts.

so here is why I went short .. I want to explain my thought process and hope you all get something out of it.

1) NFP coming out today . No news has been good news recently
2) Rumour of Fed emergency rate cut same day the NFP comes out..seems strange to me. That indicated to me NFP was NFG (no fing good) as the feds knew the markets would drop, dj futures touched 11900.
3) I saw this on the YM chart 10 min before gbpjpy even reacted..see chart That is like GBPJPY going up 100 pips and dropping 200 pips in 15 min.
4) my gut instinct indicator screamed sell .. so i did

Attachment
Hey Malcolmb14,

What's your brok for trading YM, you have nicce charts there ...

Thanks
  • #66,651
  • Mar 7, 2008 8:05am Mar 7, 2008 8:05am
Quoting karmostaji
Break above 206.30 > Bulls take control

Break below 205.00 > Bears take control
I agree karmo! But for now it looks like the cb's are in control only!
  • #66,652
  • Mar 7, 2008 8:06am Mar 7, 2008 8:06am
Quoting ernesto
Malcomb - shouldn't a rate cut send USD/JPY down???
The rate cut would be designed to put money in the market and encourage the buying of stocks. Market goes up and so does usd-jpy, if I understand the relationship properly. It would totally overshadow the NFP numbers.
  • #66,653
  • Mar 7, 2008 8:06am Mar 7, 2008 8:06am
This is looking like a classic fake one way, go the other. If this bull run continues, then all the shorts are trapped. Good thing I just watch and protect all my pips. I'll give the market another hour to digest the news and with the dow open before deciding on a position.
  • #66,654
  • Mar 7, 2008 8:06am Mar 7, 2008 8:06am
yeah this u/j mess is unbelievably confusing...it must be opposite day which sucks, i prefer it to be in the middle of the month
  • #66,655
  • Mar 7, 2008 8:08am Mar 7, 2008 8:08am
Quoting malcolmb14
100 pips .... so that is 280 in the bag so far. i am now on 2 min looking for next trade.

There are a few traders who slag me off every time I post lol..... but I know there are a few that learn a thing or 2 from my posts.

so here is why I went short .. I want to explain my thought process and hope you all get something out of it.

1) NFP coming out today . No news has been good news recently
2) Rumour of Fed emergency rate cut same day the NFP comes out..seems strange to me. That indicated to me NFP was NFG (no fing good) as the feds knew the markets would drop, dj futures touched 11900.
3) I saw this on the YM chart 10 min before gbpjpy even reacted..see chart That is like GBPJPY going up 100 pips and dropping 200 pips in 15 min.
4) my gut instinct indicator screamed sell .. so i did

Attachment
As you might noticed already I like your trading style and following your posts. Why do you think GJ went all the way up again to the level where it fell from? Any thoughts?
  • #66,656
  • Mar 7, 2008 8:09am Mar 7, 2008 8:09am
Quoting ernesto
AHHHH... who the fu.. (sorry) buys USD/JPY ?!?!?

Can somebody explain to me as if I were a tiny child? Please !
Rumors of emergency fed rate cut were swirling around much before NFP.. which prompted UJ to stop the slide below 102 in the first place.

However, some Fed official stated that there is no emergency rate cut.. they did auction some 100 billion $ for emergency reserves though.

It was a good thing I read all that in the news feed.. and hence I decided to trade GU today.. and not UJ. However, UJ did have some decent price action. I'm still short biased for UJ.. stocks should have a bad day today.

Just have patience (as karmo says) Also, those of you who keep thinking that a rate cut should drive UJ down.. seriously, please read up on why carries rally during a rate cut, especially right now during risk aversion. When markets are nervous - carries are dumped. Rate cuts means stimulating the US economy.. so people get back into carries.. risky trades. Simple.

Edit - Note that this applies ONLY during risk averse markets! Not during normal times. Right now markets are extremely fragile what with talks of banks, funds going bust, housing, oil, etc etc.
  • #66,657
  • Mar 7, 2008 8:11am Mar 7, 2008 8:11am
read bloomberg.com...market is seeing added problems in the financial auction increased to 100million preposed surprise cut"US IS IN A RESESSION "....period....out of high yielders pay back yen loans yen appreciates.....i think
GREED IS THE ULTIMATE INDICATOR
  • #66,658
  • Mar 7, 2008 8:11am Mar 7, 2008 8:11am
we must see that dow will retest to 11600
  • #66,659
  • Mar 7, 2008 8:11am Mar 7, 2008 8:11am
I think yen will fall and gu will fall after 2.0250 which means down for gj.

Lets see
Patience + Discipline - Greed = Success
  • #66,660
  • Mar 7, 2008 8:13am Mar 7, 2008 8:13am
Quoting karmostaji
Grade A analysis bro, keep em coming
Cheers

Maybe we finally can see 208.47 if we manage to stay in currently trendline, without a break to the downside.
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.jpg Size: 110 KB
Measure twice, cut once
25 traders viewing now