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

  • #95,521
  • Jun 19, 2008 12:46pm Jun 19, 2008 12:46pm
hi all..karmo whats your view currently...i am still believe that it will fall...of course with graph pls...eheheheh...
  • #95,522
  • Jun 19, 2008 12:47pm Jun 19, 2008 12:47pm
Quoting blondy101
hey dude....don't complaint...that trade was pretty profitable....just enjoy ur green pips (no offence, just my thoughts)
who's complaining....?
Patience + Discipline - Greed = Success
  • #95,523
  • Jun 19, 2008 12:49pm Jun 19, 2008 12:49pm
Quoting againgabriel
Hello traders, I am kinda new on this and the brijon's system sounds very good, I went long GBPJPY ten days ago (209.5) and getting good interest rates, and I thought to keep it for life, adding more and more to the stop loss until nothing can close my trade and i can have every day an income without working( for testing purposes all i have is a micro account) Now if I close my trades I could have a growth of 80% of my account!!! is like 90 days of carry trade, I cannot resist the temptation to close it!!!

By the way this forum is great!!
great work
by the way, if u like this beast check GBP-CHF...it's also another beast like this 1 and most of the times runs at same direction as geppy does
  • #95,524
  • Jun 19, 2008 12:50pm Jun 19, 2008 12:50pm
I,m still long from this pair @100,60 my target @107.
  • #95,525
  • Jun 19, 2008 12:53pm Jun 19, 2008 12:53pm
Quoting blondy101
great work
by the way, if u like this beast check GBP-CHF...it's also another beast like this 1 and most of the times runs at same direction as geppy does



GBP/CAD is the next best thing after the beast, and WAYYY easier to trade. check it out.
  • #95,526
  • Jun 19, 2008 12:55pm Jun 19, 2008 12:55pm
Quoting alanz76
hi all..karmo whats your view currently...i am still believe that it will fall...of course with graph pls...eheheheh...
GJ is trading in a critical area (look at the chart)

The Daily QQE is starting to get exhausted, plus we have a lot of resistances here in this area ( 200ema daily, 50ema weekly, 200ema weekly), I expect the Daily QQE to cross down soon (next week maybe) and once a candle forms below the gann hilo, look down below..

Patience + MM are recommended
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 24 KB
Trade what you see, not what you think.
  • #95,527
  • Jun 19, 2008 12:56pm Jun 19, 2008 12:56pm
Quoting lilmoe


GBP/CAD is the next best thing after the beast, and WAYYY easier to trade. check it out.

i made my first 2 targets on GBP/CHF on my short yesterday, i went long on my system's buy signal earlier. 2 first tp's hit! and now the third trade is at 270 pips

gbp/chf and gbp/cad were realllllyyyy nice the past 2 weeks.
  • #95,528
  • Jun 19, 2008 12:57pm Jun 19, 2008 12:57pm
thanks karmo...

Quoting karmostaji
GJ is trading in a critical area (look at the chart)

The Daily QQE is starting to get exhausted, plus we have a lot of resistances here in this area ( 200ema daily, 50ema weekly, 200ema weekly), I expect the Daily QQE to cross down soon (next week maybe) and once a candle forms below the gann hilo, look down below..

Patience + MM are recommended
  • #95,529
  • Jun 19, 2008 1:12pm Jun 19, 2008 1:12pm
Quoting forexlion
Consider using this self learning Neural Networks based indicator

http://forex.eecpindia.com/forex/mt4...nchorfx_nn.zip

Forexlion it would be great if you give an idea of how this indicator works. Since only the compiled version is available, its not easy to see logic of the code.

I am particularly interested , without giving away your code, how this indicator "learns" and how it decides a trend is about to occur.

Otherwise, it looks essentially like a stochastic crossing indicator, with perhaps .8 and .2 as overbought/ oversold regions.
  • #95,530
  • Jun 19, 2008 1:12pm Jun 19, 2008 1:12pm
Quoting lilmoe
i made my first 2 targets on GBP/CHF on my short yesterday, i went long on my system's buy signal earlier. 2 first tp's hit! and now the third trade is at 270 pips

gbp/chf and gbp/cad were realllllyyyy nice the past 2 weeks.
closed last long for 263 pips, gotta love it!!
  • #95,531
  • Jun 19, 2008 1:13pm Jun 19, 2008 1:13pm
this is worth a look

http://www.forexfactory.com/showpost...&postcount=683
  • #95,532
  • Jun 19, 2008 1:27pm Jun 19, 2008 1:27pm
Quoting Scrat
vinesh... wait for a confirmation. divergence is nothing without a confirmation. g-j can go up another million pips and you will still see divergence on major oscillators UNLESS it breaks a trend line.
so... patience. it's gonna go back up now.
I agree 100%, I simply cannot wrap my mind around how persons keep insisting on picking tops or bottoms, solely on divergence I cannot see how such a strategy will work long term. Looking back on the charts, several times there has been massive divergence and price either ranges and then continues on its way again. Divergence must be confirmed, and while I am on that, if in the particular time frame that divergence is observed in, the momentums have not crossed over/under zero there really is no guarantee that price will not remain on its trend.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 23 KB
  • #95,533
  • Jun 19, 2008 1:36pm Jun 19, 2008 1:36pm
GU has been moving pretty straight forward till now and exactly according my expectation.

Price is currently touching upper TL. I expect some consolidation or range movement here around that box area which is right below daily R3 in my chart. Then a correction down to 1.9640 - 50 will be normal.

If the bears move strongly price may touch lower TL again. 1.9550 is right on daily pivot and also slightly above 78.6 fib retracement level.

In general I think GU is in a very strong uptrend in the matter of long term view and based on daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gu h1 2.gif Size: 40 KB
Discipline + Patience - Fear - Greed = Success
  • #95,534
  • Jun 19, 2008 1:38pm Jun 19, 2008 1:38pm
Quoting blondy101
great work
by the way, if u like this beast check GBP-CHF...it's also another beast like this 1 and most of the times runs at same direction as geppy does
I'm seeing the GBPCHF and GBPCAD weekly and daily charts and since january 2007 are bearish I think, I don't know enough on this stuff, so if I trade in order to keep the lot open and get interest rates I prefer a pair that has a bullish long-term chart. The trades I'm about to close are AUDJPY AUDUSD GBPJPY NZDJPY all bullish, and I am not closing it, just I put a very tight stop loss
  • #95,535
  • Jun 19, 2008 1:42pm Jun 19, 2008 1:42pm
do u guys remember the last kabuse patter we had on may 23? according to the patter, the price had to drop, but it went up close to 300 pips before dropping. we had the same pattern yesterday with 3 similar candles of the pattern back in may.


price back then bounced from FE 78.6, only to retrace for a bit (Creating the pattern) and then moving back up VERY SLOWLY to reach FE 127.2.

this is the only thing worrying me now. if we close above 212.92 today, or even above 212.60, i will consider clearing some of my shorts on minor pullbacks of the price, and waiting for further confirmation. i might go long however if i get a good buy setup. i'm really starting to think this might go all the way up to 216 area. then FALL back to 210, which means the move up might take up to 3-4 days, and the fall should be in 1-2 days.

the ONLY difference we have at this point is the massive bearish divergence showing on CCI and other major oscillators.


here's the chart. i hope i'm wrong for the sake of the shorts

Attached Image (click to enlarge)
Click to Enlarge Name: gj_daily_fe.gif Size: 24 KB
  • #95,536
  • Jun 19, 2008 1:42pm Jun 19, 2008 1:42pm
Quoting againgabriel
I'm seeing the GBPCHF and GBPCAD weekly and daily charts and since january 2007 are bearish I think, I don't know enough on this stuff, so if I trade in order to keep the lot open and get interest rates I prefer a pair that has a bullish long-term chart. The trades I'm about to close are AUDJPY AUDUSD GBPJPY NZDJPY all bullish, and I am not closing it, just I put a very tight stop loss

their are pair you can short can make + swap on to EUR/AUD for example AUD has a higher rate than EUR so when you short that pair your buying AUD which will give you + swap.
  • #95,537
  • Jun 19, 2008 1:46pm Jun 19, 2008 1:46pm
Now, we have found a new indicator if not a new correlationship, which is:
If Dow is up sell Yen Cross pairs, if Dow is down do the opposite.
This new indicator has been proven reliable for the last few days ..
  • #95,538
  • Jun 19, 2008 1:47pm Jun 19, 2008 1:47pm
haa, you must be kidding me, it workd for a few days and you claimed it is reliable? Anything less than 1 yr back test can't be said reliable.
  • #95,539
  • Jun 19, 2008 1:48pm Jun 19, 2008 1:48pm
Quoting lilmoe
do u guys remember the last kabuse patter we had on may 23? according to the patter, the price had to drop, but it went up close to 300 pips before dropping. we had the same pattern yesterday with 3 similar candles of the pattern back in may.


price back then bounced from FE 78.6, only to retrace for a bit (Creating the pattern) and then moving back up VERY SLOWLY to reach FE 127.2.

this is the only thing worrying me now. if we close above 212.92 today, or even above 212.60, i will consider clearing some of my shorts on minor pullbacks of the price, and waiting for further confirmation. i might go long however if i get a good buy setup. i'm really starting to think this might go all the way up to 216 area. then FALL back to 210, which means the move up might take up to 3-4 days, and the fall should be in 1-2 days.

the ONLY difference we have at this point is the massive bearish divergence showing on CCI and other major oscillators.


here's the chart. i hope i'm wrong for the sake of the shorts

Attachment

note, although price on GJ was going up, don't forget that DJI WAS tanking...

i still we are up for a manjor dump on DJ but who knows if that's going to do anything to GJ....
  • #95,540
  • Jun 19, 2008 1:51pm Jun 19, 2008 1:51pm
Quoting Austin168
haa, you must be kidding me, it workd for a few days and you claimed it is reliable? Anything less than 1 yr back test can't be said reliable.

he was obviously joking big guy


MKT, u probably need to say when u're joking and when u're serious.
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