Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 3454 | 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)

  • #69,061
  • Mar 17, 2008 9:16am Mar 17, 2008 9:16am
Quoting arezab
I don't see any sign of karmo here. When I see karmo's avatar, I go long and when I see markam's, I go short ...

just kidding ... trade the chart only ...

after the smile of the Bear ... Karmo disapear
  • #69,062
  • Mar 17, 2008 9:19am Mar 17, 2008 9:19am
Quoting mrhurley1
anyones oanda down?
yup, but it's ok now.
  • #69,063
  • Mar 17, 2008 9:28am Mar 17, 2008 9:28am
Quoting arezab
Thanks q. I am bullish biased too but the market doesn't move the way I expect.

2 scenarios are in my mind. I'm not sure about them yet. Gotta wait to see what happens ...

cheers
Thxs. . .

Here is what I'm looking at, I'm taking it one step at a time. . .
Price is currently trading above intraday pivot at 194.43 for now. If it can stay above there then next target is 196.25/85 area. . . But 1st we need a close above 1hr gann hi/lo for more comfirmation. . .

If it can get above 196.50 area and close above there then more than likely we will challenge 198.30/50 area where I expect to see massive resistance.

Here is my revised chart for you. . .

Lets see how this plays out. . .

1hr chart for u. . .
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr chart.gif Size: 23 KB
  • #69,064
  • Mar 17, 2008 9:34am Mar 17, 2008 9:34am
Critical level here at 195.50. One hour gann and also the 23.6 fib. A close above and we might see the 50 fib still 300 pips away. I'm taking one lot off at 195.35. All positions sl moved to +50 pips. I love trade management. I think it's the holy grail of trading. Protect yourself against sudden big move against you while riding the big move in your favor.
Attached Image (click to enlarge)
Click to Enlarge Name: 3-16.gif Size: 19 KB
  • #69,065
  • Mar 17, 2008 9:37am Mar 17, 2008 9:37am
As you can see, price has been bouncing off the 1H gann. A close above this level and it might take off.
Attached Image (click to enlarge)
Click to Enlarge Name: 3-15.gif Size: 16 KB
  • #69,066
  • Mar 17, 2008 9:45am Mar 17, 2008 9:45am
Quoting $teve
As you can see, price has been bouncing off the 1H gann. A close above this level and it might take off.
Agreed. . . or at least up to 196.25/50 area. . .

UJ needs to get above 97.50 which was the overnight high, this will help GJ meet at least this 1st target. . .
  • #69,067
  • Mar 17, 2008 9:49am Mar 17, 2008 9:49am
Quoting quecee5
shahroodi, I'm long from 192.77. . .
Price has bounced from 192.62 which is short-term support for now and probably the short-term low for today. . .
I expect price to go back and challenge at least 197/198 area over the next several days. . . Then we may see it resume the downtrend back to 190 area. . .

If we get a break of 198 during the uptrend then we'll have to re-evaluate the position from there. . .

I made my decision to go long based on what I was seeing on the 15min chart this a.m. I knew price had challenged this suport yesterday when I took profit on my shorts so It was a good idea to go long if the support held. Initially I thinking the long may be good for 150-200 pips but it look like it could go further up before heading back down.

Also 1hr chart starting to look good for this long if it can get above 1hr hi/lo gann. . . ZL Stoch already crossed up but I'd like to see it closer to the 50 level to confirm. . . Also, price on 1hr is sitting above 5 SMA which is another good sign for now. . . I'm watching close so let see how it plays out. . .

Be back with more analysis in a bit. . .

15min/1hr chart 4 u. . .
agreed
nice analyse bro,tks
  • #69,068
  • Mar 17, 2008 9:50am Mar 17, 2008 9:50am
Quoting quecee5
Agreed. . . or at least up to 196.25/50 area. . .

UJ needs to get above 97.50 which was the overnight high, this will help GJ meet at least the 1st target. . .
Cool Q, let's hope this baby complete sthe 50% or even better closes the gap.


Anyone looking to short, this is the perfect area. You can short when it went up against the gann and put a very tight sl right above it. If price bounces, then you're in for many pips.
  • #69,069
  • Mar 17, 2008 9:50am Mar 17, 2008 9:50am
Quoting hussin naiji
dear shahroodi date 2008.03.18 we will count chickens
Hi Hussin Naiji,

Nice charts !

How did you work out the date 2008.03.18. ?

Happy Chicken Counting !
  • #69,070
  • Mar 17, 2008 10:00am Mar 17, 2008 10:00am
Quoting forexnovice
Hi Hussin Naiji,

Nice charts !

How did you work out the date 2008.03.18. ?

Happy Chicken Counting !
i think his chicken grew up till now

but a note from him:
he never trades GJ,he only analyze it...his favorite are aud/usd and nzd/usd.
  • #69,071
  • Mar 17, 2008 10:08am Mar 17, 2008 10:08am
Quoting $teve
Cool Q, let's hope this baby complete sthe 50% or even better closes the gap.


Anyone looking to short, this is the perfect area. You can short when it went up against the gann and put a very tight sl right above it. If price bounces, then you're in for many pips.
hey steve sup man

i think we will see a bear again .. seem 50 SMA will protect and support the price all way down.
or what u think?
  • #69,072
  • Mar 17, 2008 10:15am Mar 17, 2008 10:15am
opened short for 93.81 with sl 95.31
  • #69,073
  • Mar 17, 2008 10:17am Mar 17, 2008 10:17am
Quoting warta
hey steve sup man

i think we will see a bear again .. seem 50 SMA will protect and support the price all way down.
or what u think?
I see a nice double bottom on the hourly chart so that might make a good case for the bull. But right now, price is still below the 15M 50ema, a close above this level is the minimum requirement for any more bullish movement. I'm watching the next few 15M candles carefully. Price action will show you the way.
  • #69,074
  • Mar 17, 2008 10:19am Mar 17, 2008 10:19am
Quoting warta
hey steve sup man

i think we will see a bear again .. seem 50 SMA will protect and support the price all way down.
or what u think?
I don't use the 50 sma on my chart, also what time frame is your 50 sma?
  • #69,075
  • Mar 17, 2008 10:20am Mar 17, 2008 10:20am
Quoting warta
hey steve sup man

i think we will see a bear again .. seem 50 SMA will protect and support the price all way down.
or what u think?
Possible see it goes down and breakout of the triangle...
  • #69,076
  • Mar 17, 2008 10:24am Mar 17, 2008 10:24am
Quoting $teve
I don't use the 50 sma on my chart, also what time frame is your 50 sma?

am using 50 sma on my 15 min chart as S/R
and it show me he just bounce the price down @ 195.20
  • #69,077
  • Mar 17, 2008 10:30am Mar 17, 2008 10:30am
Quoting warta
am using 50 sma on my 15 min chart as S/R
and it show me he just bounce the price down @ 195.20
on ur metatrade 4 : 50 sma close on 15 min chart
  • #69,078
  • Mar 17, 2008 10:32am Mar 17, 2008 10:32am
I think 50 ema are more reliable because I believe more people use it. Looking at my chart below, you can see 4 15M candles closed beneath the 50 ema (green) but they all close above the 50 sma. This would obviously give you a false bull signal if you were looking at the 50 sma. As for the 50 ema on my chart, I don't see even a single cande closed above so we have rejection.
Attached Image (click to enlarge)
Click to Enlarge Name: 3-17.gif Size: 18 KB
  • #69,079
  • Mar 17, 2008 10:36am Mar 17, 2008 10:36am
Quoting $teve
I see a nice double bottom on the hourly chart so that might make a good case for the bull. But right now, price is still below the 15M 50ema, a close above this level is the minimum requirement for any more bullish movement. I'm watching the next few 15M candles carefully. Price action will show you the way.
That 15M chart can be insightful. . . =
  • #69,080
  • Mar 17, 2008 10:37am Mar 17, 2008 10:37am
this is my 15 min chart have a look plz

Attached Image (click to enlarge)
Click to Enlarge Name: ch4.gif Size: 20 KB
58 traders viewing now