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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #92,841
  • Jun 12, 2008 11:12am Jun 12, 2008 11:12am
Quoting ovaforty
Frankfurt and London sessions closed witout any significant profit taking or change of sentiment. Bearish bias is still in tact until they decide to exit.

They arent buying they were selling, letting the suckers in me thinks
"Millionaires don't use astrology, billionaires do"
  • #92,842
  • Jun 12, 2008 11:13am Jun 12, 2008 11:13am
Quoting ovaforty
Frankfurt and London sessions closed witout any significant profit taking or change of sentiment. Bearish bias is still in tact until they decide to exit.
that why I closed my last scalp for 10 pips...waiting mode again for me...
Patience + Discipline - Greed = Success
  • #92,843
  • Jun 12, 2008 11:15am Jun 12, 2008 11:15am
Quoting OrionsWay
They arent buying they were selling, letting the suckers in me thinks
exactly. Bears in control for now in the USD pairs.
  • #92,844
  • Jun 12, 2008 11:17am Jun 12, 2008 11:17am
Is anyone else here trading Auslanco's 15 Min strategy?

I'm demo trading it at the moment and it seems to be offering a textbook long signal on GBP/JPY. Which seems like lunacy at the moment.

Does anyone else who trades that system see the same signal? I am getting an 85% success rate with this sytem so far and most of the signals seem counter intuitive but I am testing the system not myu intuition so I am taking the order every time.

But I must be missing something here. A long right now seems insane.
  • #92,845
  • Jun 12, 2008 11:19am Jun 12, 2008 11:19am
Quoting Dr.Geppynius
to sue him is the wrong procedure.
ben & co are standing over the law, because without the fed the usa could not borrow any new dollars with nice interest. money makes the laws.
lol, it's so disgusting. every dollar borrowed from the fed's. even the first dollar with interest. so there is no possibility to ever come out of the debt bernanke and his friends are ruling the world he also was at the last bilderberg meeting a few days ago...

listend to benjamin fulford yet, have you? hihihi
  • #92,846
  • Jun 12, 2008 11:22am Jun 12, 2008 11:22am
that system is only sposed to be good when markets are trending not ranging.
  • #92,847
  • Jun 12, 2008 11:22am Jun 12, 2008 11:22am
here is my set up for eur/usd. I have a buy order sitting at the double bottom. Chances are very good we will see a bounce there. Tight stop loss is low risk high reward. 1st upside target is the 23 fib. No brainer.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 4 hour 1.gif Size: 27 KB
  • #92,848
  • Jun 12, 2008 11:25am Jun 12, 2008 11:25am
OK, my fellow traders and technical experts (of which I am not).

Isn't this just a big bear pennant like we have witnessed in the past ?

Comments....please !
Attached Image (click to enlarge)
Click to Enlarge Name: gydaily.gif Size: 30 KB
  • #92,849
  • Jun 12, 2008 11:29am Jun 12, 2008 11:29am
here is my set up for Cable. I have buy order sitting at the triple bottom. Upside target is the previous swng low and 23 fib. Tight stop and low risk.
Attached Image (click to enlarge)
Click to Enlarge Name: cable daily.gif Size: 26 KB
  • #92,850
  • Jun 12, 2008 11:29am Jun 12, 2008 11:29am
Quoting Rustyyy
OK, my fellow traders and technical experts (of which I am not).

Isn't this just a big bear pennant like we have witnessed in the past ?

Comments....please !

ive been observing similar things for a long time now, and i belive that may be the case

also see what appear to be huge daily wedge forming in eur/jpy
  • #92,851
  • Jun 12, 2008 11:29am Jun 12, 2008 11:29am
trader should always retrospect how the market is powerfull , every move the market take has a cause and reason , like chess every move mean something.
  • #92,852
  • Jun 12, 2008 11:33am Jun 12, 2008 11:33am
Quoting Infinity
that why I closed my last scalp for 10 pips...waiting mode again for me...
I am in again @1.5405 ..
Seems like EU trades making me more pips than my Yen pairs ..hahaaa
  • #92,853
  • Jun 12, 2008 11:34am Jun 12, 2008 11:34am
Quoting Tiger Hunter
trader should always retrospect how the market is powerfull , every move the market take has a cause and reason , like chess every move mean something.

i feel its more like pacman: panic, back and forth, reverse, chase, get chased

thats good trading, textbook exampel
  • #92,854
  • Jun 12, 2008 11:34am Jun 12, 2008 11:34am
usd/jpy set up is opposite. Sell order sitting previous swing high at 108.60. Should be good for a bounce back to red 200 sma at 106.90 area, which is cluster support with 5 sma high, and red 200 sma. Low risk, good reward.
No need to sit at the pc all day.
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy daily.gif Size: 25 KB
  • #92,855
  • Jun 12, 2008 11:35am Jun 12, 2008 11:35am
Quoting lilmoe
i'll give them a ride on my crapper. they'd enjoy it, i'm sure.
lol - I did think about asking you - but I decided that it was WAY too good for them - now towed behind it in an open wooden dinghy.......http://www.forexfactory.com/images/icons/icon10.gif
Trading Levels with WRBs
  • #92,856
  • Jun 12, 2008 11:36am Jun 12, 2008 11:36am
Looks like a really good time to short usd/jpy. Strong resistance hear and price is looking exhausted. Still sticking to my rule about not trading after reaching target profit so I can not trade this today. I'm hoping it stays where it is into asian session so I can short it. Maybe tomorrow will be the day it finally drops taking geppy with it. Good luck fella's
  • #92,857
  • Jun 12, 2008 11:37am Jun 12, 2008 11:37am
Quoting TiaForex
Is anyone else here trading Auslanco's 15 Min strategy?

I'm demo trading it at the moment and it seems to be offering a textbook long signal on GBP/JPY. Which seems like lunacy at the moment.

Does anyone else who trades that system see the same signal? I am getting an 85% success rate with this sytem so far and most of the signals seem counter intuitive but I am testing the system not myu intuition so I am taking the order every time.

But I must be missing something here. A long right now seems insane.
Trade what you see and forget what others say.
  • #92,858
  • Jun 12, 2008 11:38am Jun 12, 2008 11:38am
Quoting Catch-22
that system is only sposed to be good when markets are trending not ranging.
Geppy is trending up.
  • #92,859
  • Jun 12, 2008 11:40am Jun 12, 2008 11:40am
Quoting VEC
i feel its more like pacman: panic, back and forth, reverse, chase, get chased

thats good trading, textbook exampel
hahaha ..pacman, ping pong, tennis, basket ball .. you name it ..
I am wondering whoever is trying to follow indicator trading this pair in lower TF ..would get crazy or not .. long ..short.. long ..ehh.. short .. hahaha
  • #92,860
  • Jun 12, 2008 11:42am Jun 12, 2008 11:42am
Quoting ovaforty
Trade what you see and forget what others say.
maybe he/she was asking for some advice from more experienced traders here using the same system
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