Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 3859 | 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)

  • #77,161
  • Apr 30, 2008 3:57pm Apr 30, 2008 3:57pm
I got a nice trade longed from 204.81 and closed out at 206.76 not to shabby

Quoting kstorm88
anyone make some sweeeet green today?
  • #77,162
  • Apr 30, 2008 4:00pm Apr 30, 2008 4:00pm
Quoting malcolmb14
Credit default swaps if they go haywire = sub prime x 100. No one really seems to know what these derivatives are, even the institutions that are holding them...
Exactly. I think this is the bad smell in the air that no one seems to know quite where it's coming from. You can't ignore it's there, you just hope you're not around if they find the source. Consensus seems to be not if but when. In the meantime... business as usual.

Quick link to a recent summary of the things... the second and last paragraphs say it all.

http://www.time.com/time/business/ar...,00.html?imw=Y
Attached Image
FUBAR...
  • #77,163
  • Apr 30, 2008 4:01pm Apr 30, 2008 4:01pm
Quoting kstorm88
if i had a proper s/l i'd be sitting ~25 green pips. but instead i had a 20 pip loss:
Just for your reference. Setting SL is better to use Support/Resistance as the guideline not number of pips you would like to set. Using S/R setting the SL would likely get you in a right place. I normally use 25-30 pips above the resistance if I am going short, and 25-30 pips below the support if going long.
Look for at least hourly S/R, 4hour S/R is even better.
In addition, taking a new position, try to get close to the S/R to open the position. Try to avoid "middle of nowhere" to open the postiion.
  • #77,164
  • Apr 30, 2008 4:07pm Apr 30, 2008 4:07pm
Quoting kstorm88
anyone make some sweeeet green today?
As of right now I am +220 pips on the gbpusd.
Been long since about 11 am GMT. Going to watch it for the next couple of hours to see whats next but profit is locked in about +175 so whatever happens it was a good trade.
  • #77,165
  • Apr 30, 2008 4:15pm Apr 30, 2008 4:15pm
well change to 50:1 leverage so i can properly set my S/L's
woot. i guess.
  • #77,166
  • Apr 30, 2008 4:17pm Apr 30, 2008 4:17pm
End of Next Month 217. Just my opinion from monthly charts.
  • #77,167
  • Apr 30, 2008 4:20pm Apr 30, 2008 4:20pm
Quoting Clouds
End of Next Month 217. Just my opinion from monthly charts.
it's just guess, why not 187
  • #77,168
  • Apr 30, 2008 4:20pm Apr 30, 2008 4:20pm
it looks to be about in the 215 range the way i saw... that would be nice to buy long at the next bottom here and hope for the best.
  • #77,169
  • Apr 30, 2008 4:22pm Apr 30, 2008 4:22pm
Quoting Jerry
it's just guess, why not 187
Cause I see 5 Blue Bars Down, and then White Bar Up, so I think another White Bar
  • #77,170
  • Apr 30, 2008 4:26pm Apr 30, 2008 4:26pm
do you think i would be safe shorting right now, it just hit a little peak and i assume is continuing down.
  • #77,171
  • Apr 30, 2008 4:30pm Apr 30, 2008 4:30pm
Quoting quecee5
ADP suggest the numbers will be in line with expectations or slightly better.

ADP and GDP cooked to soften blow of the interest rate cut being only .25% . Maybe ???

ADP does indicate NFP should be better than expected , however ADP and NFP has not been in line the last few times.
Blogging daily now at www.volume.zone
  • #77,172
  • Apr 30, 2008 4:32pm Apr 30, 2008 4:32pm
Quoting Scrat
just curios, do you still think this way?
Not 100% sure .... will have to wait for Fridays NFP .. that will likely set tone of market for the following week or so
Blogging daily now at www.volume.zone
  • #77,173
  • Apr 30, 2008 4:32pm Apr 30, 2008 4:32pm
Quoting Clouds
This thing may not be going up or down! From 04' to 06' it was range bound 800 pips.
EBC say they want price stability. Maybe that's what they want!

800 pips .. that would suit me just fine !!! lol
Blogging daily now at www.volume.zone
  • #77,174
  • Apr 30, 2008 4:32pm Apr 30, 2008 4:32pm
Today was a sell short day hence the rally, tomorrow is a buy day hence the sell of going to occur tonight , we could have a SSD penetration of todays hi which could average a possible run up to 209.16 area +- with 43% chance of that. Our average decline is around 3 points which targets 204.72 area +-. There is also about a 65 +% that our hi will come in first before the lo for the day hence the buy over probability, Sell rallies at this point me thinks, strong suggestion we will have one before the drop off for tomorrows buy day. These all begin 0 gmt
"Millionaires don't use astrology, billionaires do"
  • #77,175
  • Apr 30, 2008 4:34pm Apr 30, 2008 4:34pm
Quoting kstorm88
do you think i should short this puppy again? or am i too late.. like always?

i'm sooo scared and anxious right now

Weekly pivot is 206.20 ish . Look for a break down of this on 60 min , wait for candle to end then place a selll limit order 50 pips lower ( ie if candle low is 205.5 place sell stop order 205 to allow the market to ' come to you' and confrim trend down.

If the weekly pivot is broken to downside i see 203.8 test
Blogging daily now at www.volume.zone
  • #77,176
  • Apr 30, 2008 4:48pm Apr 30, 2008 4:48pm
Quoting malcolmb14
Weekly pivot is 206.20 ish . Look for a break down of this on 60 min , wait for candle to end then place a selll limit order 50 pips lower ( ie if candle low is 205.5 place sell stop order 205 to allow the market to ' come to you' and confrim trend down.

If the weekly pivot is broken to downside i see 203.8 test
Or , on a 2 hour time frame use a 50 sma as a pivot . The price is drifting around the 50 sma right now with the candle finishing in 1hour 20 minutes.

If price closes lower than the 50 sma enter a sell stop order at 50 pips under the low of the 2 hour candle that (in other words if low of candle is 203.5 , enter sell stop 203 .. allowing the trend to ' prove itself' and come down to your trade. Opposite for but stop order if candle closes above the 50 sma.

In a 2 hour eurcad I trade all my swing trades like this ...works awesome.

Attached Image (click to enlarge)
Click to Enlarge Name: gj17.jpg Size: 132 KB
Blogging daily now at www.volume.zone
  • #77,177
  • Apr 30, 2008 5:27pm Apr 30, 2008 5:27pm
i use the marketscope 2.0 chart that comes with fxcm, how do i get the S and R lines on there.. that would really help. alot. any ideas?
  • #77,178
  • Apr 30, 2008 5:30pm Apr 30, 2008 5:30pm
Quoting kstorm88
i use the marketscope 2.0 chart that comes with fxcm, how do i get the S and R lines on there.. that would really help. alot. any ideas?
I use fxcm as broker marketscope is not that great

open demo account with interbankfx , they have mt4 platform for free when you do that ...a much better charting software with hundreds of expert advisor programmes out there
Blogging daily now at www.volume.zone
  • #77,179
  • Apr 30, 2008 5:32pm Apr 30, 2008 5:32pm
Quoting malcolmb14
I use fxcm as broker marketscope is not that great

open demo account with interbankfx , they have mt4 platform for free when you do that ...a much better charting software with hundreds of expert advisor programmes out there
what is the minimum investment there? so you suggest i leave and go to them?
  • #77,180
  • Apr 30, 2008 5:35pm Apr 30, 2008 5:35pm
Quoting kstorm88
what is the minimum investment there? so you suggest i leave and go to them?
No keep with fxcm ..I like the spreads and do not have an issue with stop hunting .

Just open a demo account at Interbank . I always have one running to test new stratergies
Blogging daily now at www.volume.zone
85 traders viewing now