Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 4259 | 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)

  • #85,161
  • May 28, 2008 8:06pm May 28, 2008 8:06pm
Will this resistence hold it down?
  • #85,162
  • May 28, 2008 8:07pm May 28, 2008 8:07pm
Quoting Dmac
What news?
The news that came out an hour ago on JPY Large Retailers' Sales y/y that came in at -2.2% instead of the predicted -1.1%...
Que
  • #85,163
  • May 28, 2008 8:08pm May 28, 2008 8:08pm
Quoting 4x_Trader
I don't see any reasons why a lot of members here hoping this pair to go down allow me to share with you my trading principle: Trade with what you see not what you think!!!
I believe by posting charts, people here are trading what they see...

Just because we SEE something different then you, does not mean we are not looking...
Que
  • #85,164
  • May 28, 2008 8:08pm May 28, 2008 8:08pm
if the current candle on the 15 min can close low, we will have a nice counter trend fractal. Lookout!
  • #85,165
  • May 28, 2008 8:09pm May 28, 2008 8:09pm
  •  4x_Trader
  • Joined Dec 2006 | Status: Is the market a FRIENDLY place to U | 639 Posts | Online Now
Go ahead short this pair and you will cry later!

Just an info and not a reco!
  • #85,166
  • May 28, 2008 8:11pm May 28, 2008 8:11pm
Quoting 4x_Trader
Go ahead short this pair and you will cry later!

Just an info and not a reco!
I am short and I will not cry if it hits my stop, nor will I go boasting if it hits my TP.

I try to trade with as little emotion as possible.
Que
  • #85,167
  • May 28, 2008 8:12pm May 28, 2008 8:12pm
Is it me or is this the worst setting we have seen in a long time? We're hitting resistance and I can't tell whether we should go...buy or sell. I'm short by the way.
  • #85,168
  • May 28, 2008 8:13pm May 28, 2008 8:13pm
Quoting 4x_Trader
Go ahead short this pair and you will cry later!

Just an info and not a reco!
what makes you think it's going up?
  • #85,169
  • May 28, 2008 8:14pm May 28, 2008 8:14pm
I wonder how do they interprete the news .. if it indeed is true, shouldn't it strengthen the Asian currencies 'coz one more dictactor is gone would create a more free market in that country hence business would expand ..well.. probably in the beginning instability is present first ..
..but there is a lot more of stronger Asian currencies compare to North Korean's. The news may affect minor to none to the region economy, right? Trying to be a knowledgeable analyst ..


00:52 USD/JPY: No Repercussions So Far On Talk Kim Jong-Il Dead Tokyo, May 29. USD/JPY has not been visibly affected yet by talk making the rounds in the market that North Korean dictator Kim Jong-Il is dead. The talk has it that Mr Kim was assassinated. The news is over the NewsHankuk.com site in Korean. USD/JPY currently trades quietly at 104.74/76. [email protected]
  • #85,170
  • May 28, 2008 8:17pm May 28, 2008 8:17pm
Quoting Evilgoat
what makes you think it's going up?
Duh!!!

Attached Image (click to enlarge)
Click to Enlarge Name: obvious.gif Size: 31 KB
Que
  • #85,171
  • May 28, 2008 8:18pm May 28, 2008 8:18pm
  •  4x_Trader
  • Joined Dec 2006 | Status: Is the market a FRIENDLY place to U | 639 Posts | Online Now
Quoting Que
I am short and I will not cry if it hits my stop, nor will I go boasting if it hits my TP.

I try to trade with as little emotion as possible.
Nice money management bro!......well what else can i say but good luck to your short pos!
  • #85,172
  • May 28, 2008 8:20pm May 28, 2008 8:20pm
Quoting 4x_Trader
Nice money management bro!......well what else can i say but good luck to your short pos!
Thanks I guess...

Hard to judge sarcasm on a forum. But my MM is pretty spot on.
Que
  • #85,173
  • May 28, 2008 8:20pm May 28, 2008 8:20pm
Quoting mktjong
I wonder how do they interprete the news .. if it indeed is true, shouldn't it strengthen the Asian currencies 'coz one more dictactor is gone would create a more free market in that country hence business would expand ..well.. probably in the beginning instability is present first ..
..but there is a lot more of stronger Asian currencies compare to North Korean's. The news may affect minor to none to the region economy, right? Trying to be a knowledgeable analyst ..


00:52 USD/JPY: No Repercussions So Far On Talk Kim Jong-Il Dead Tokyo, May 29. USD/JPY has not been visibly affected yet by talk making the rounds in the market that North Korean dictator Kim Jong-Il is dead. The talk has it that Mr Kim was assassinated. The news is over the NewsHankuk.com site in Korean. USD/JPY currently trades quietly at 104.74/76. [email protected]

Kim Jong-Il is dead? I don't think this will end up good for that area at all.
  • #85,174
  • May 28, 2008 8:21pm May 28, 2008 8:21pm
I shorted again at 207.60. It hits resistance and now I really think I can get 30 pips out of this.
  • #85,175
  • May 28, 2008 8:21pm May 28, 2008 8:21pm
Quoting Que
Duh!!!

Wow .. your indicators cover more space than your chart ..
  • #85,176
  • May 28, 2008 8:22pm May 28, 2008 8:22pm
Quoting mktjong
I wonder how do they interprete the news .. if it indeed is true, shouldn't it strengthen the Asian currencies 'coz one more dictactor is gone would create a more free market in that country hence business would expand ..well.. probably in the beginning instability is present first ..
..but there is a lot more of stronger Asian currencies compare to North Korean's. The news may affect minor to none to the region economy, right? Trying to be a knowledgeable analyst ..


00:52 USD/JPY: No Repercussions So Far On Talk Kim Jong-Il Dead Tokyo, May 29. USD/JPY has not been visibly affected yet by talk making the rounds in the market that North Korean dictator Kim Jong-Il is dead. The talk has it that Mr Kim was assassinated. The news is over the NewsHankuk.com site in Korean. USD/JPY currently trades quietly at 104.74/76. [email protected]
Good find man, I have not seen this news yet.
Que
  • #85,177
  • May 28, 2008 8:23pm May 28, 2008 8:23pm
Quoting mktjong
Wow .. your indicators cover more space than your chart ..
I know, the problem is, I have not figured out how to get that pesky chart to go away completly...

Que
  • #85,178
  • May 28, 2008 8:24pm May 28, 2008 8:24pm
  •  4x_Trader
  • Joined Dec 2006 | Status: Is the market a FRIENDLY place to U | 639 Posts | Online Now
Quoting Evilgoat
what makes you think it's going up?

Japan retail sales growth slowed to a mere +0.1% pace over the April yr, weaker than forecasts on a 0.5% gain and vs March's revised +1.0% pace. Over the mth, sales slipped by 0.1% after recovering by a modest 0.4% prior. On a same store large store basis, spending otherwise fell by a steep +2.2% y/y after a 0.2% y/y gain prior. Retail sales have remained slightly positive on the year, but are being provided a nominal boost by energy prices. Monthly and large scale sales in fact continue to be soft, and suggest that personal consumption has remained sluggish
  • #85,179
  • May 28, 2008 8:24pm May 28, 2008 8:24pm
To address the bulls here. You will find on my blog that I am forecasting prolonged up moves all the way up to the monthly chart in the 250's. The only reason I am calling for a fall is because of that pesky 15 min chart I keep yakking about. Fib cycles always finish, you just don't know which one will first.
  • #85,180
  • May 28, 2008 8:28pm May 28, 2008 8:28pm
Quoting 4x_Trader
Japan retail sales growth slowed to a mere +0.1% pace over the April yr, weaker than forecasts on a 0.5% gain and vs March's revised +1.0% pace. Over the mth, sales slipped by 0.1% after recovering by a modest 0.4% prior. On a same store large store basis, spending otherwise fell by a steep +2.2% y/y after a 0.2% y/y gain prior. Retail sales have remained slightly positive on the year, but are being provided a nominal boost by energy prices. Monthly and large scale sales in fact continue to be soft, and suggest that personal consumption has remained sluggish
Yes, I believe this news is why we have a news spike.

However, the lack of large scale sales is directly related to the lower then normal exports to the United States because of the declining dollar.

The dollar is still weak and the UJ should have an overall downtrends still. This means unless GU has a surge northbound (Given the problems in the UK right now) I doubt this will happen. So I am still short given the news.

I am reading what you are reading. I just think I am interpreting it differently then you. Best of luck to any active trade by you as well sir.
Que
41 traders viewing now