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

  • #95,841
  • Jun 20, 2008 3:02am Jun 20, 2008 3:02am
Quoting Clouds
Was talking about GC.
any thoughts about the g/y?
  • #95,842
  • Jun 20, 2008 3:02am Jun 20, 2008 3:02am
Quoting lilmoe


33 pips so far!!!

first TP hit!!

man i love fridays
  • #95,843
  • Jun 20, 2008 3:08am Jun 20, 2008 3:08am
Quoting quecee5


Should see UJ @ 107/106.50 shortly. . .
That will be nice for GJ
Discipline + Patience - Fear - Greed = Success
  • #95,844
  • Jun 20, 2008 3:10am Jun 20, 2008 3:10am
Quoting Clouds
Eur/usd will reach 1.56 this week, and 1.58 next week, and 1.62 the next week, then 1.64 next week, and 1.69 next week, then range from 1.7 to 1.67 the following 4 weeks.
I would say 1.62 is expected by many and is possible, but above that ... who knows
  • #95,845
  • Jun 20, 2008 3:10am Jun 20, 2008 3:10am
godfreyh, do u have any link to the posts where the momentum indicator is explaned in detail?

auslanco doesn't have lots of explanation on his website. thanks in advance
  • #95,846
  • Jun 20, 2008 3:12am Jun 20, 2008 3:12am
Quoting Pirin
I would say 1.62 is expected by many and is possible, but above that ... who knows
I was copying exactly what it did last time it touched SMA on weekly. So you know how I got those numbers.
Attached Image
  • #95,847
  • Jun 20, 2008 3:17am Jun 20, 2008 3:17am
Quoting lilmoe
godfreyh, do u have any link to the posts where the momentum indicator is explaned in detail?

auslanco doesn't have lots of explanation on his website. thanks in advance
What would you like to know? I made one.
Que
  • #95,848
  • Jun 20, 2008 3:18am Jun 20, 2008 3:18am
Quoting Clouds
Eur/usd will reach 1.56 this week, and 1.58 next week, and 1.62 the next week, then 1.64 next week, and 1.69 next week, then range from 1.7 to 1.67 the following 4 weeks.
has to take this out first. price is just a bit overbought on my m30, not too much, we have a good chance of clearing that.
if not i will close my longs on an m30 gann reversal.

after the first TL is taken out, there's another and more interesting, neckline if u know what i mean


Attached Image (click to enlarge)
Click to Enlarge Name: euro_m30.gif Size: 45 KB
  • #95,849
  • Jun 20, 2008 3:19am Jun 20, 2008 3:19am
Quoting Que
What would you like to know? I made one.
everything pretty much, lol

lots of friends are asking me about it, and i really can't put it in words for them.
  • #95,850
  • Jun 20, 2008 3:20am Jun 20, 2008 3:20am
Quoting arezab
Hi everybody

I see UJ started to fall. GU is preparing to start a huge move to the down too; so it means we are heading heavily down with GJ. But I think GU should touch 1.9750 - 60 area again before starting to fall.

I expect GU to hit 1.9560 at least. This could bring GJ down to 211 area.

BTW I went short on GBPCHF too. I think I'm gonna add this pair to my trading charts. It's a very nice pair to trade when GJ stalls in range mode and sometimes more profitable than GJ
i am short gbp/chf too, has someone idea where to take first take profit?
  • #95,851
  • Jun 20, 2008 3:21am Jun 20, 2008 3:21am
Quoting edbar
i am short gbp/chf too, has someone idea where to take first take profit?
my TP is 2.0400
Que
  • #95,852
  • Jun 20, 2008 3:22am Jun 20, 2008 3:22am
Good Afternoon to all traders
  • #95,853
  • Jun 20, 2008 3:24am Jun 20, 2008 3:24am
Quoting edbar
i am short gbp/chf too, has someone idea where to take first take profit?

61.8 fib at 2.0395
or 78.6 at 2.0324

but i'd confirm that more if we close below DP
  • #95,854
  • Jun 20, 2008 3:25am Jun 20, 2008 3:25am
Quoting lilmoe
godfreyh, do u have any link to the posts where the momentum indicator is explaned in detail?

auslanco doesn't have lots of explanation on his website. thanks in advance
There was website that hosted Auslanco's strategies and various indicators in detail, but it was taken down about 2 months ago. I was just looking in the Internet archive "wayback machine" but I am not even seeing it there.
  • #95,855
  • Jun 20, 2008 3:26am Jun 20, 2008 3:26am
Quoting lilmoe
everything pretty much, lol

lots of friends are asking me about it, and i really can't put it in words for them.
Momentum indicator is a very simplistic indictor. However whoever did it for MT4 default messed it up a bit, not major but it is not perfect.

Basicly Momentum is the (Close of a Bar in an array) - (The Close of the Bar Array number + your MoM period).

So say your Period is 10 and you want the Current MoM.

Its Close[0] - Close[0+10]

It takes the difference between the current close and the close 10 bars ago. Very simplistic indicator, and I do not use it.
Que
  • #95,856
  • Jun 20, 2008 3:27am Jun 20, 2008 3:27am
Quoting lilmoe
61.8 fib at 2.0395
or 78.6 at 2.0324

but i'd confirm that more if we close below DP
thanks
  • #95,857
  • Jun 20, 2008 3:28am Jun 20, 2008 3:28am
Quoting GodfreyH
There was website that hosted Auslanco's strategies and various indicators in detail, but it was taken down about 2 months ago. I was just looking in the Internet archive "wayback machine" but I am not even seeing it there.
All of the indicators needed are in my Latest Indicators in my sig.

I made all of the indicators before my son got ill. As I could not support the development, Bruce made his own for Auslanco. Some of his are good, some are ok.
Que
  • #95,858
  • Jun 20, 2008 3:29am Jun 20, 2008 3:29am
Quoting edbar
i am short gbp/chf too, has someone idea where to take first take profit?
I think 100 SMA which sits on %50 fib (~2.0450) for first target and then as Que said 2.0400 which is a %61.8 fib retracement as 2nd target are appropriate.

But if this pair pulls back up, I'll be ready to enter again targeting much lower than those levels.

Cheers
Discipline + Patience - Fear - Greed = Success
  • #95,859
  • Jun 20, 2008 3:35am Jun 20, 2008 3:35am
Although I expect a big fall for some pairs today but I don't expect a smooth market movement specially for GJ because it's Friday
Discipline + Patience - Fear - Greed = Success
  • #95,860
  • Jun 20, 2008 3:36am Jun 20, 2008 3:36am
I noticed something interesting. If u check out GC daily chart, the last 3 tops, it moved 100 pips down or so the next day, so 2.05 may be it until next week and then down further, but guess we have to see..
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