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

  • #68,461
  • Mar 14, 2008 4:46pm Mar 14, 2008 4:46pm
Malcomb but what if the BOJ and other central bankers intervene? How would that play out in the spot market?
  • #68,462
  • Mar 14, 2008 4:49pm Mar 14, 2008 4:49pm
the reason for 208 retracemetn is given below

50 ret from 251.xx / 148.xx[2001]- 199.72

we will se atelast minmial fib ret up to 208/213/223

lets ee
  • #68,463
  • Mar 14, 2008 4:58pm Mar 14, 2008 4:58pm
Quoting goop
the reason for 208 retracemetn is given below

50 ret from 251.xx / 148.xx[2001]- 199.72

we will se atelast minmial fib ret up to 208/213/223

lets ee
Honestly I really don't trust Fib numbers or pivots. Because all those numbers banks and dealers know it and they can easily hunt that level for stops etc.
I read a book regarding Support/Resistance which is more reliable as that level is historic, has been traded before. If for any reason you find the Fib numbers or pivots to be the support or resistance, it is more likely a co-incidence.

I welcome the follow through discussions
  • #68,464
  • Mar 14, 2008 5:05pm Mar 14, 2008 5:05pm
Quoting malcolmb14
Of course dow closed of its low ... like printing money on a day like today . Play the bounce as day traders close their short positions.

I played this move in the Ym for 140 points last week and 100 points today.
you are the man. Our hero. you da bestest.
  • #68,465
  • Mar 14, 2008 5:15pm Mar 14, 2008 5:15pm
hey where can i find the current price on GJ. My broker is closed for the day
  • #68,466
  • Mar 14, 2008 5:16pm Mar 14, 2008 5:16pm
there will be a certain group of people including me who likes fibs and always there will be some reracement. but these days several tools are available, so fib wont be followed to full extent. but some decent buying you can see on asian trade on sunday/monday. BOJ intervention is anohter possiblity, including a rate cut. catalysts that could turn this to upward are

BOJ intervention
fed int rate cute.
........75 rate cut by fed on tuesday
boj verbal comment
asian market finds it cheap for carry trades.


lets see what on the store.
  • #68,467
  • Mar 14, 2008 5:21pm Mar 14, 2008 5:21pm
Quoting vinesh2
hey where can i find the current price on GJ. My broker is closed for the day
Here ya go!

GJ is trading below 200 right now but that could change come Sunday!

http://www.forex-markets.com/quotes.htm

http://money.cnn.com/data/currencies/index.html
  • #68,468
  • Mar 14, 2008 5:22pm Mar 14, 2008 5:22pm
Quoting smartforex
hi,
i red about ur efforts to help new traders like me
i have beingg demo tradin for 3 weeks now, though i trade on any pair emphasized by the forex news and most often make profits with help of
stochastic oscillator, im still not solid on my forcast, so i would want to know
how to follow a thread n information about a pair. thanks.
[email protected]
Try posting your charts and tell us what you see, then ask us what we see on them. This thread is a good learning tool.
  • #68,469
  • Mar 14, 2008 5:29pm Mar 14, 2008 5:29pm
Quoting ak4x
Food for thought for the weekend... something markam said back on Feb 28 when the daily open/close was 211/ 209ish.

That's right, I'm the man!!!!

If you would to learn all my secrets about surviving the coming collapse of civilization, please send $10 to

Markam
Hidden underground bunker
Somewhere, USA

On a more serious note, I don't have a clue about what happens when the market reopens (of course I do have open shorts). I do know that I am more worried now about the future then I have been so far (and I have been extremely worried already)
  • #68,470
  • Mar 14, 2008 5:30pm Mar 14, 2008 5:30pm
what do you guys think?
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  • #68,471
  • Mar 14, 2008 5:30pm Mar 14, 2008 5:30pm
Kudos to Markham. He nailed it good many months ago. Like a voice crying out in the wilderness. Keep the faith, Bro!
  • #68,472
  • Mar 14, 2008 5:34pm Mar 14, 2008 5:34pm
Quoting markam
That's right, I'm the man!!!!

If you would to learn all my secrets about surviving the coming collapse of civilization, please send $10 to

Markam
Hidden underground bunker
Somewhere, USA

On a more serious note, I don't have a clue about what happens when the market reopens (of course I do have open shorts). I do know that I am more worried now about the future then I have been so far (and I have been extremely worried already)
I hear ya.

Ezekial's War is right around the corner. I am watching the clouds and listening for trumpets.

I am teaching myself hydroponics, cloning, and growing veggies and plants for barter.
  • #68,473
  • Mar 14, 2008 5:36pm Mar 14, 2008 5:36pm
kindly give your val opinion ,
Mine- It will retrace to 207.90 + or more
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  • #68,474
  • Mar 14, 2008 5:44pm Mar 14, 2008 5:44pm
Quoting goop
kindly give your val opinion ,
Mine- It will retrace to 207.90 + or more
It will run into overwhelming resistance along the way up as it is now. Things have to settle down and sentiment reversal is needed for that.

I think it is asking too much as things are presently.

Nice chart work. Keep them coming and teach us.
  • #68,475
  • Mar 14, 2008 5:46pm Mar 14, 2008 5:46pm
At some point we gotta think about a buy and hold that has good risk/reward. Don't ya think?
  • #68,476
  • Mar 14, 2008 5:47pm Mar 14, 2008 5:47pm
Quoting goop
kindly give your val opinion ,
Mine- It will retrace to 207.90 + or more
My opinion is that the US financial system is broken beyond repair, and that in very short order, it will end up nationalized. It will never be called that, it will just be the government doing the Bear Sterns to essentially everything.

The dollar will completely collapse, with the dollar index dropping to between .3 and .5 before we get our new currency.

Now, GJ may retrace to 207.9 before that happens, but there is no chance in hell that I would go long for anything more than a scalp.
  • #68,477
  • Mar 14, 2008 5:49pm Mar 14, 2008 5:49pm
Quote: "This followed a denial from the bank just a few days ago that it was suffering a major liquidity crisis. Bear shares closed the session about 47% lower."

Lost almost half the value in one day. This is very serious.
  • #68,478
  • Mar 14, 2008 5:50pm Mar 14, 2008 5:50pm
Quoting markam
My opinion is that the US financial system is broken beyond repair, and that in very short order, it will end up nationalized. It will never be called that, it will just be the government doing the Bear Sterns to essentially everything.

The dollar will completely collapse, with the dollar index dropping to between .3 and .5 before we get our new currency.

Now, GJ may retrace to 207.9 before that happens, but there is no chance in hell that I would go long for anything more than a scalp.
Correlations are likely to change when that happens. We need to be looking for that. Carry trades are not dead. They are just shifting to alternate pairs. For now shorting the USD is a carry trade.
  • #68,479
  • Mar 14, 2008 7:09pm Mar 14, 2008 7:09pm
Quoting markam
My opinion is that the US financial system is broken beyond repair, and that in very short order, it will end up nationalized. It will never be called that, it will just be the government doing the Bear Sterns to essentially everything.

The dollar will completely collapse, with the dollar index dropping to between .3 and .5 before we get our new currency.

Now, GJ may retrace to 207.9 before that happens, but there is no chance in hell that I would go long for anything more than a scalp.
If the country decides to surge farther to the left and elect a Democrat that's exactly what will happen. So far Bush has publicly stated that government intervention will be minimal. That being said the government has already injected itself into the market(and most everything) too much.
  • #68,480
  • Edited 7:48pm Mar 14, 2008 7:32pm | Edited 7:48pm
Quoting arezab
I noticed something about this momentum indicator. It is really useless for predicting market future. I know some of those guys are fond of this tool but I've been watching this daily and weekly 10c momentum this week.

10c momentum fans were saying all the time that this week will be very bullish because momentum is pointing up sharply. Now you see that only daily 10c momentum has slightly turned down after 680 pips downfall and weekly mom is still bullish and sharply pointing up

I think it will remain bullish even when we reach 175
Hello arezeb,

Let me ask you somthing.. Would you sell everytime when the Stochs are overbought and buy everytime when the stochs are oversold? Have you ever studied the Auslanco's Momentum strategy?
Let me tell you somthing. I have been trading various markets over 8 years now. I have tried over 100 different strategies and almost all the MT4 indicators availble in the world. I was one of the creators of the Auslanco's 15 min strategy based on his 4hr/1hr strategy. I'm not some noob who talks from my A$$. I can tell you honestly ,I havent come across anything even closer to the Mmentum strategy. It's the perfect tool to predict the future market movements. Today's GBP/JPY fall was writen all over on the 12hr Momentum from the London session and supported by weekly 14C, Daily 14C and Monthlly 1C,10Cand 14C. .
Your 10C is useless without the 5sma channel 1C and 14C. So before you laugh at the Momentum indicator learn the full strategy. Because right now , I'm laughing at your stupidity.
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