Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 4190 | 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)

  • #83,781
  • May 22, 2008 8:48pm May 22, 2008 8:48pm
Quoting packetguy
I don't see what's the big deal here. UK at least has some oil demand met by domestic reserves in the north sea, Japan has no reserves at all. Ergo, any currency weakening aspects of peak oil should be much more magnified for JPY than GBP, no matter what happens to USD as it effectively cancels out in the GBP/JPY = GBP/USD * USD/JPY equation.
Peak oil is doomsday for Great Britain. They have had three thing going for them the last 20 years. First, energy independence and foreign income from gas/oil. Second, their global reputation for banking/finance. Third, tourism. They became a net oil importer last year, and will be running huge trade inbalances in no time. The financial industry is in tatters, and has just begun its collapse. Tourism is going to be doomed by a global depression and energy crisis.

Basically, England is at the bottom of first-world places that you want to be living in over the next 20 years. It is a shame, because England is on the top of my favorite list of places.
  • #83,782
  • May 22, 2008 8:56pm May 22, 2008 8:56pm
Markam any comment on current situaton
  • #83,783
  • May 22, 2008 9:01pm May 22, 2008 9:01pm
Quoting vinesh2
Markam any comment on current situaton
I have no clue why it went up last night, and no clue how long it will be before it starts down again. I just know we will hit 175 sometime in the next three months.
  • #83,784
  • May 22, 2008 9:06pm May 22, 2008 9:06pm
Quoting packetguy
"The markets can remain irrational for far longer than than you can remain solvent".
I love that quote. Know a lot of girls like that too
Money & Pain Respect the market, protect your capital, be patient
  • #83,785
  • May 22, 2008 9:10pm May 22, 2008 9:10pm
Quoting markam
I have no clue why it went up last night, and no clue how long it will be before it starts down again. I just know we will hit 175 sometime in the next three months.
Good call Markam. You woke me up.

It's amazing how convincing all the prognostications
have been lately, with each direction well supported...
but I'm better off unplugging my brain and placing it
back in the jar and returning to my slumber.

ZZZZZZZZZZZZZZZZZZZZ YAWN ZZZZZZZZZZZZZZZZZZZZZ

What day is it..... wait.... what month is it?

Dr. D.
  • #83,786
  • May 22, 2008 9:16pm May 22, 2008 9:16pm
the reason the market moved up like 300 pips is the fact uk retail sales came out better than expected and the market is too optomistic for good news since there is a sever issue of a possible uk recession. Be careful of uk gdp coming out tonight if there are any surprises anything could go, possibly 209 if bullish as some may hope or a sharp correction the bears around here have been debating. All in all dont be bias just follow whichever trend when it unfolds

good luck all
  • #83,787
  • May 22, 2008 9:20pm May 22, 2008 9:20pm
also check the directional movement index the trend is still pretty strong although it has slightly corrected seems to be the dI+ is still strong anything above 9.0 is good
  • #83,788
  • May 22, 2008 9:21pm May 22, 2008 9:21pm
Quoting markam
Basically, England is at the bottom of first-world places that you want to be living in over the next 20 years. It is a shame, because England is on the top of my favorite list of places.
True enough, I but I still hold that Japan will be worse off than the UK if you examine currency valuation only through the lens of peak oil. Japan has to import 100% of the doemstic oil demand. Not only that, Japan has to import grain, vegetables, meat, minerals, metals and a multitude of other things. Japan is heavily dependant on imports just for basic necessities for supporting a social structure. However, their enormous currency reserves mitigate that problem to a large degree in case of a gloom and doom scenario while the UK will quickly turn into a mess.
Period : 26 Months Account Balance : +264% Max DD : 14.2%
  • #83,789
  • May 22, 2008 9:25pm May 22, 2008 9:25pm
Anyone else see IBFX live server frozen?
Que
  • #83,790
  • May 22, 2008 9:32pm May 22, 2008 9:32pm
Quoting Que
Anyone else see IBFX live server frozen?
Seems like it, mine is stuck @ 205.99...

Edit: It's working now.
  • #83,791
  • May 22, 2008 9:35pm May 22, 2008 9:35pm
iam long GJ from 206, TP 207,208 SL 205
  • #83,792
  • May 22, 2008 10:01pm May 22, 2008 10:01pm
Here is my 2 cents worth:

The chart below shows the pound yen on a 1 hour chart. On the bottom is just 8 different stochastics. 2 each from 4 timeframes. Notice that prior to last nights move the stochastics were all jumbled. No unity. Then just a few hours prior to the move all of the stochastics dropped down and got together then the move happened. Now you will notice that 7 of the 8 are still stuck on top and one has moved away on its own. Usually when this happens there is about to be another move upward. The move will usually be the same as the first leg. So tonight could be interesting. Price projection would put it in the 209 range that people have been talking about.

I say usually because I have seen cases where she will just ignore me and do what she wants. LOL!
Attached Image (click to enlarge)
Click to Enlarge Name: poundyen.gif Size: 19 KB
  • #83,793
  • May 22, 2008 10:20pm May 22, 2008 10:20pm
Quoting packetguy
True enough, I but I still hold that Japan will be worse off than the UK if you examine currency valuation only through the lens of peak oil. Japan has to import 100% of the doemstic oil demand. Not only that, Japan has to import grain, vegetables, meat, minerals, metals and a multitude of other things. Japan is heavily dependant on imports just for basic necessities for supporting a social structure. However, their enormous currency reserves mitigate that problem to a large degree in case of a gloom and doom scenario while the UK will quickly turn into a mess.
In addition to its currency reserves and positive trade balance, Japan is also a single culture, with very few immigrants. This will make it much easier for Japan to weather the coming economic upheavals. England is even more of a melting pot than the US, and when the fecal matter hits the fan, countries like England (and the US) will experience much greater societal stress.
  • #83,794
  • May 22, 2008 10:35pm May 22, 2008 10:35pm
Found a DBLHCon the hourly just before that move up yesterday, as this was one of the only price action set ups indicating the move I'm definitely going to pay more attention to the hourly timeframe on the geppy
Attached Image
Money & Pain Respect the market, protect your capital, be patient
  • #83,795
  • May 22, 2008 10:58pm May 22, 2008 10:58pm
Quoting ephisi
iam long GJ from 206, TP 207,208 SL 205
M w/u bro but I don't put a sl on this pair considering it will pay you an interest everyday I have a volume of long pos on this pair the latest 0ne lies @ 205.20 I wud leave it open 'til hit my target of 217 closing pice last January 02, 2008 first trading day of the year! Let's see how it goes..........



Just an info and not a reco!
  • #83,796
  • May 22, 2008 10:59pm May 22, 2008 10:59pm
Reshort 208.48/209.33
see u next week
have nice trade.........
  • #83,797
  • May 22, 2008 11:02pm May 22, 2008 11:02pm
Did the 12:00 candle close as a blue or red candle? using the 4hr format
  • #83,798
  • May 22, 2008 11:04pm May 22, 2008 11:04pm
Quoting pipblueprint
Did the 12:00 candle close as a blue or red candle? using the 4hr format
I have it opening at 205.97 and closing at 205.96 which would make it red (I am guessing you have your charts set up for red down and blue up).
  • #83,799
  • May 22, 2008 11:09pm May 22, 2008 11:09pm
Quoting markam
I have no clue why it went up last night, and no clue how long it will be before it starts down again. I just know we will hit 175 sometime in the next three months.
Markam, nice target 175. However what is the reason GJ should come down to 175? May I know. Because from my economic perspective view at the moment no major impact could bring GJ below 180. Except :

1. UK declares a recession.
2. Major earthquake
3. Somebody sent a nuclear bomb to London
4. UK Bank declare bankruptcy


US economic slowly improve due to rate cut.
  • #83,800
  • May 22, 2008 11:10pm May 22, 2008 11:10pm
Quote:
Originally Posted by pipblueprint http://forexfactory.com/images/buttons/viewpost.gif
Did the 12:00 candle close as a blue or red candle? using the 4hr format

I have it opening at 205.97 and closing at 205.96 which would make it red (I am guessing you have your charts set up for red down and blue up).


yes..i have blue up and red down...mine is not even showing as a candle...its just a straight vertical blue line..
62 traders viewing now