Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 3710 | 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)

  • #74,181
  • Apr 21, 2008 11:03am Apr 21, 2008 11:03am
Quoting forexlion
the winner is the daily pivot and then continuation of the drop
Yes and stock investors realizing that DOW rising is nothing but hope and prayer.
  • #74,182
  • Apr 21, 2008 11:08am Apr 21, 2008 11:08am
Quoting quecee5
Agreed. . .

So you're thinking it's going up further before heading down?
A little bit before it's tankapalooza
Patience + Humility + Study = Success
  • #74,183
  • Apr 21, 2008 11:09am Apr 21, 2008 11:09am
Quoting DutchTrader
A little bit before it's tankapalooza
  • #74,184
  • Apr 21, 2008 11:10am Apr 21, 2008 11:10am
Quoting DutchTrader
A little bit before it's tankapalooza
hmm a 0.001 pip trailing SL should help here
  • #74,185
  • Apr 21, 2008 11:11am Apr 21, 2008 11:11am
dear shahroodi
i think you are falling in a trap , because if we see a close daily below 203.50
with wave 4 . therefore we must change our counting waves
  • #74,186
  • Apr 21, 2008 11:11am Apr 21, 2008 11:11am
Quoting DutchTrader
A little bit before it's tankapalooza

4hr intraday pivot is @ 205.25, price has been rejected there a couple of times now. . .
I see 204.04 support 1st target. . .
A break and close below 204.32 support sees 203.40/60 2nd target. .
  • #74,187
  • Apr 21, 2008 11:11am Apr 21, 2008 11:11am
Why GJ should drop

1. MPC Meeting Minutes - rate cut
2. GBP Retail Sales - Drop
3. GBP - GDP - Drop
  • #74,188
  • Apr 21, 2008 11:13am Apr 21, 2008 11:13am
Quoting PandoraBox
Why GJ should drop

1. MPC Meeting Minutes - rate cut
2. GBP Retail Sales - Drop
3. GBP - GDP - Drop
thanks for your point of view
  • #74,189
  • Apr 21, 2008 11:15am Apr 21, 2008 11:15am
Quoting hussin naiji
dear shahroodi
i think you are falling in a trap , because if we see a close daily below 203.50
with wave 4 . therefore we must change our counting waves

Could you share your counting EW .

Thanks
  • #74,190
  • Apr 21, 2008 11:16am Apr 21, 2008 11:16am
Quoting shahroodi
http://qsmile.com/qsimages/73.gif http://qsmile.com/qsimages/73.gif maybehttp://qsmile.com/qsimages/73.gif http://qsmile.com/qsimages/73.gif
but i hold my position
Quoting shahroodi
ya long at 205.40
Harmonic Bat (XABC(61.8%)) now on 1hr 48% retrace from bull run from 16 April 10 AM completed. Zerolag stochastic oversold but not yet crossed up. Target 61.8 % from last upward swing gives 206.65. However move is being capped by 50 EMA on 1hr. Also hoping the GBP will rally against US with USYEN less of a move created by the Bank of America not meeting profit target. Yeah the DOW falling because of the news so that might not be the case at the moment. Also 4 hr moving toward being oversold but still has away to go. Also below the Gan.. A possible long to 206.65 if we get above the 50 ema 1 hr and 4 hr becomes oversold because of consolidation. Not getting into any bull bear fight at the moment on the side.
  • #74,191
  • Edited 11:22am Apr 21, 2008 11:17am | Edited 11:22am
Quoting PandoraBox
Why GJ should drop

1. MPC Meeting Minutes - rate cut
2. GBP Retail Sales - Drop
3. GBP - GDP - Drop
5. Google = peak
6. Focus on positive only
7. Another GE coming
8. Home building massacre
  • #74,192
  • Apr 21, 2008 11:20am Apr 21, 2008 11:20am
Quoting PandoraBox
Could you share your counting EW .

Thanks
i think to your question ,my good friend Piter must answer
  • #74,193
  • Apr 21, 2008 11:21am Apr 21, 2008 11:21am
Price is trading below intraday 1hr pivot @ 204.72, needs a 1hr close above that to corfirm further upside. . .

Otherwise we could see it at 204.30 4hr intraday pivot then 203.80 (last weeks price demand) followed by 203.30/40 area. . .

Let's see how it plays out. . .
  • #74,194
  • Apr 21, 2008 11:24am Apr 21, 2008 11:24am
Quoting fish2007
Harmonic Bat (XABC(61.8%)) now on 1hr 48% retrace from bull run from 16 April 10 AM completed. Zerolag stochastic oversold but not yet crossed up. Target 61.8 % from last upward swing gives 206.65. However move is being capped by 50 EMA on 1hr. Also hoping the GBP will rally against US with USYEN less of a move created by the Bank of America not meeting profit target. Yeah the DOW falling because of the news so that might not be the case at the moment. Also 4 hr moving toward being oversold but still has away to go. Also below the Gan.. A possible long to 206.65 if we get above the 50 ema 1 hr and 4 hr becomes oversold because of consolidation. Not getting into any bull bear fight at the moment on the side.
Btw, ZLS on 1 hr has room to move down further. . .
You'll know when it's OS because it will start to concave upwards. . .
I do agree that the downside appears to be limited based on what's being seen on the 1hr chart. . .
  • #74,195
  • Apr 21, 2008 11:28am Apr 21, 2008 11:28am
Quoting quecee5
Btw, ZLS on 1 hr has room to move down further. . .
I agree.
I'm looking at 203.10 area.
This is S/R level on the daily, where the last upper TL break was.
If the 1H turns up around the 50.0 fib, I'll add a small long, but I'm looking at the 203.10/202.23(61.8) area before another stronger move up.

Damn.... sucked back into the GJ.

But, if I'm going to have to stop scalping and move to a 1/4H strategy because my TV show will start shooting in 4 weeks, may as well do it now.

kj
  • #74,196
  • Apr 21, 2008 11:31am Apr 21, 2008 11:31am
According to BOE news release on Special Liquidity Scheme.


The scheme has three key features:

  1. The asset swaps will be for long terms. Each swap will be for a period of 1 year and may be renewed for a total of up to 3 years.
  2. The risk of losses on their loans remains with the banks.
  3. The swaps are available only for assets existing at the end of 2007 and cannot be used to finance new lending.

At the end the banks will losses more !

  • #74,197
  • Apr 21, 2008 11:35am Apr 21, 2008 11:35am
Quoting PandoraBox
According to BOE news release on Special Liquidity Scheme.


The scheme has three key features:

  1. The asset swaps will be for long terms. Each swap will be for a period of 1 year and may be renewed for a total of up to 3 years.
  2. The risk of losses on their loans remains with the banks.
  3. The swaps are available only for assets existing at the end of 2007 and cannot be used to finance new lending.

At the end the banks will losses more !

Another of many gov band aids only putting off the inevitable music..
  • #74,198
  • Apr 21, 2008 11:36am Apr 21, 2008 11:36am
if we have a daily candle close at 203.xx then we have a clear bearish engulfing pattern more powerful than that of h4 chart.
we might not have the luxury of a retracement to find a good short entry. if i find a good short entry now, i'll go short and wait to see what happens tomorrow.

we might be facing a very interesting day tomorrow. hope everyone will catch the movement...

i'll call it a day. closed all my shorts for now, u'll never know what happens...

thanks all for the great comments, see ya tomorrow!

Quoting lilmoe
by the way guys, i still believe we have a h&s formation in play, lets wait and see how it turns out, this thing should go up a little i would say 205.7x then shoot back down, all patterns are showing downside, if 203.30 is breached then we're talking about the lower TL of the daily channel, and from there we might get a bounce.

i still believe we haven't gone out of the daily channel, where we had a nice bearish engulfing pattern on h4 signaling the start of the downside movement. usually when we're talking about channels. the third attempt to break the channel from the upside is the best short entry, patterns insure that. and that's where we get a very good chance to have the bottom TL breached, if so, our target is 185.

i truly doubt we will retest or even breach last week's high.

just my opinion, of course i can be wrong.
  • #74,199
  • Apr 21, 2008 11:37am Apr 21, 2008 11:37am
Quoting hussin naiji
i think to your question ,my good friend Piter must answer
Thanks to Hussin and Piter
  • #74,200
  • Apr 21, 2008 11:40am Apr 21, 2008 11:40am
Quoting quecee5
Btw, ZLS on 1 hr has room to move down further. . .
You'll know when it's OS because it will start to concave upwards. . .
I do agree that the downside appears to be limited based on what's being seen on the 1hr chart. . .
just before i go...

stochastics can most likely be tricky at times.

price can "stall" at times while stochs are slowly inching upwards to "get out" of the OS levels, then in no time price shoot downwards (vice versa).

be careful everyone from longs. it might cost u dearly (unless of course u're using good MM)

thanks q, dt, karmo, scrat, shahroodi, and everyone else

see ya
88 traders viewing now