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Auslanco-GBP/JPY Strength Indicator strategy 345 replies

Auslanco 15min GBP/JPY startegy 630 replies

My MT4 indicators for Auslanco's strategy 92 replies

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

Without them, there is no market!! LOL. Yes, that was a lovely 4hr candle close above the 21ema and the wkly pivot at 206.05..
Quoting karmostaji
This is just the beginning, I'm going to kill every bear out there
you don't do it alone,becoz i'm with you(long at 204 after predictable bounce of 203.50 area)

see post below mate
http://www.forexfactory.com/showpost...ostcount=66962
(second scenario is in progress)
Quoting smmcintyre
Crashout.... do you think this run will get capped between 206.70/206.90?

I have plan to take some/most profit at 206.70, the G/J will either retrace sharply (giving some more opportunity to load up on longs) or blow right through it, towards 207.80

We must see how price action reacts on these area, but keep your plan, and take some profit.

Never be greedy with the beast


PS : You have very nice charts !
Chickens ?

http://www.freesmileys.org/smileys/violent069.gif
Quoting crashout
Chickens ?

http://www.freesmileys.org/smileys/violent069.gif

where is naiji???
Quoting crashout
Chickens ?

http://www.freesmileys.org/smileys/violent069.gif
I don't think this guy can handle the bulet bill
ya allah hi traders
Quoting malcolmb14
You have to understand the correlation between GBPJPY and the indices. Look at s&P and dj -30 . These plummeted today and closed at low of day. Liekly there will be more carnage tomorrow. At this point even 1% rate cut by feds is just gum on the dam.

GBPJPY is a carry trade. As markets drop risk aversion is unwound , that is what they mean by unwinding of the carry trades on the news wires and also part of the reason the AUDUSD dropped alot today as this is now a stronger carry trade then GBPJPY as the interest rate differential is higher.

As per my earlier posting there was not much chance of this going up , I did mentioned wait for clear break of 15 min 20 sma before going long. It only poked its nose thru that and quickly reversed on the next candle. I like to add 20 pips to the breakout bar on a 15 min chart for breakout confirmation.

One sure way to lose money in forex ( been there done that on live account)
is to rush into a trade to early.

i stress this time and time again to newer traders that you have to wait for some kind of confirmation that the trend is going to change , specially if you are going to walk away from the trade and go do something else.

Also look at the 4 hour chart. Before this candle formed we had the two biggest down candles we have had in days, since the 1000 pip drop. That should have been a sign to short the rallies for a swing trade position .

I hope this helps.

Watch this space for next 1000 pips. Today was the start of that run ... 350 pips and counting, means we still have lots to go.

I like to wait for the 60 min chart to confirm a trend reversal after a big drop or rally.
dear malcolmb14 ,your point of view is invaluable .very good
new 12,6,4 and 3 hr candles and momentoms



ps:also note that price is still below 4hr gann
Attached Image
im seeing a shooting star and down trned line on hourly
Fear's for the other guy
Quoting hussin naiji
ya allah hi traders
allah yaret
hi naiji
how r u??
plz pic below and say:if this candle is long legged doji or so????

tks in advance
Attached Image (click to enlarge)
Click to Enlarge Name: amir1.gif Size: 48 KB
Quoting shahroodi
new 12,6,4 and 3 hr candles and momentoms



ps:also note that price is still below 4hr gann
Hey shahroodi, care to share that time frame adjuster u have there.

Yea seller of yen coming into market again around here careful peeps
"Millionaires don't use astrology, billionaires do"
Quoting shahroodi
new 12,6,4 and 3 hr candles and momentoms



ps:also note that price is still below 4hr gann
based on momentoms if in 15 min chart QQE5 cross down and price close below gann,i will exit from my long position.
Quoting shahroodi
allah yaret
hi naiji
how r u??
plz pic below and say:if this candle is long legged doji or so????

tks in advance
yes thats interesting for me to
merci
Quoting OrionsWay
Hey shahroodi, care to share that time frame adjuster u have there.

Yea seller of yen coming into market again around here careful peeps
hi mate
how r u???
one question??
i didn't get what you mean????
you mean gj go up or go down????

tks in advance
Quoting shahroodi
hi mate
how r u???
one question??
i didn't get what you mean????
you mean gj go up or go down????

tks in advance

Yen selling = geppy sells = hard if cable is aligned in selling mode also. Yen moves at its own beat, regardless if cable euro rise yen doesnt have to correlate to the rest of the baskets
"Millionaires don't use astrology, billionaires do"
Quoting shahroodi
allah yaret
hi naiji
how r u??
plz pic below and say:if this candle is long legged doji or so????

tks in advance
dear shahroodi , we see a defective shootnig star .we know that a bearish shooting star pattern is a single candle and have low reliability but with long upper wick this candle , i think this shooting star is winking for sell
Attached Image (click to enlarge)
Click to Enlarge Name: 1112.gif Size: 15 KB
Quoting OrionsWay
Yen selling = geppy sells = hard if cable is aligned in selling mode also. Yen moves at its own beat, regardless if cable euro rise yen doesnt have to correlate to the rest of the baskets
tks mate
Quoting shahroodi
tks mate

NP, Gopher gbpchf recently becoming identical chart relationships, maybe worth a look.

How about that timeframe adjuster?
"Millionaires don't use astrology, billionaires do"
Quoting hussin naiji
dear shahroodi , we see a defective shootnig star .we know that a bearish shooting star pattern is a single candle and have low reliability but with long upper wick this candle , i think this shooting star is winking for sell
tks budd
good explanation
i enjoy your candle stick patterns interpretation

keep up your good work
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