Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 4854 | 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)

  • #97,061
  • Jun 25, 2008 9:22pm Jun 25, 2008 9:22pm
Quoting Scrat
a daily close above it might not be enough, because we're talking about about 200ema weekly. i would be more comfortable with a weekly close above it.
Good point. I wouldn't go long on this anytime soon anyway.

I am a very wary wascally rabbit right now.

How are you doing Scrat?
  • #97,062
  • Jun 25, 2008 9:44pm Jun 25, 2008 9:44pm
I see a double top about to form at the previous swing high from February 14th at 213.85.


2nd chart is zoomed in to show the price has broken the red 200 sma, and the white daily 5 sma.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: geppy daily.gif Size: 33 KB
Click to Enlarge Name: geppy daily 2.gif Size: 28 KB
  • #97,063
  • Jun 25, 2008 9:50pm Jun 25, 2008 9:50pm
Quoting Scrat
remember... the fall will start when the last skeptic (or should i say sucker ) among us will turn bullish.
at this moment, 218 is too far. we have a very strong resistance at 200ema daily/weekly (!!!) and i can't believe you talk about 218 just like this resistance is a piece of cake. because it's not.
A few weeks ago 208 was far.... we are now above 213. On the daily chart I posted, there is the daily 200ema at 214.28 which I expect to provide some resistance but I think retracement will be limited to the daily 50 ema @ around 208.04 presently. Also, with the dow at the level it is with no risk aversion in sight, what will happen when the dow recovers? I am not in gj now but I would definitely rather buy a dip than sell atm....
Patience + Discipline - Greed = Success
  • #97,064
  • Jun 25, 2008 9:57pm Jun 25, 2008 9:57pm
zzzz..how boring is this?? Anyone see any good setups, like comimg soon?
  • #97,065
  • Jun 25, 2008 9:58pm Jun 25, 2008 9:58pm
yes
  • #97,066
  • Jun 25, 2008 10:02pm Jun 25, 2008 10:02pm
this is a totally different setup than then.
as for dow correlation, i'm not so sure. what will happen IF dow recovers?

Quoting Infinity
A few weeks ago 208 was far.... we are now above 213. On the daily chart I posted, there is the daily 200ema at 214.28 which I expect to provide some resistance but I think retracement will be limited to the daily 50 ema @ around 208.04 presently. Also, with the dow at the level it is with no risk aversion in sight, what will happen when the dow recovers? I am not in gj now but I would definitely rather buy a dip than sell atm....
Nihil Sine Deo.
  • #97,067
  • Jun 25, 2008 10:11pm Jun 25, 2008 10:11pm
Quoting Scrat
this is a totally different setup than then.
as for dow correlation, i'm not so sure. what will happen IF dow recovers?
better question should be what if dow doesn't recover? the FOMC statement wasn't even as hawkish as what Benny said in the previous 2 weeks and the down tumble 100 points. Downside risk to growth has diminished.... yeah right.
  • #97,068
  • Jun 25, 2008 10:30pm Jun 25, 2008 10:30pm
Quoting Scrat
this is a totally different setup than then.
as for dow correlation, i'm not so sure. what will happen IF dow recovers?
I am just saying........... market dynamics have changed. The money is not going into yen as it normally does... Interest rate variance not as wide as it was before so carry trade no longer sexy option....Falling dow has no effect on gj but rising dow takes it up a few pips...

We are at a critical point right now and I am not taking a long at this price.. but I don't see a solid short trade either....

GU and EU = =

GJ right now = =
Patience + Discipline - Greed = Success
  • #97,069
  • Jun 25, 2008 10:32pm Jun 25, 2008 10:32pm
Quoting TiaForex
Hi Godfrey, I've spent today reading through your post history. Very helpful, especially regarding Momentum indicators, so thank you.

Can I ask, did you find new systems for GU and EU or were you able to apply your existing systems? I use Aus' systems mainly and they are based around GJ but I'm curious to read the thoughts of people who've made the transition.

Hope your new loves are treating you well...
Sorry for the delay Tia, I've been spending less time on the thread these days.

Lilmoe has a strategy that works well on gbp/usd and eur/usd. You can just do a posting search and you should find his system.
  • #97,070
  • Jun 25, 2008 10:47pm Jun 25, 2008 10:47pm
[quote=GodfreyH;2075713]Sorry for the delay Tia, I've been spending less time on the thread these days.

Too busy hanging out in Negril drinking rum and coke with tourists? Lol. I can't wait to move back down there. Hopefully by end of year me and my wife will be back on the beach living island life with lots of green.
  • #97,071
  • Jun 25, 2008 11:03pm Jun 25, 2008 11:03pm
Quoting Donyouth4eva
Too busy hanging out in Negril drinking rum and coke with tourists? Lol. I can't wait to move back down there. Hopefully by end of year me and my wife will be back on the beach living island life with lots of green.
  • #97,072
  • Jun 26, 2008 12:46am Jun 26, 2008 12:46am
I have a few questions.

1. witch is a good way to start learning forex.
2. how much you should demo ?
3. how much time do you need, to start being profitable
4. witch pairs would be easier to start with ?
GBP/JPY seems very volatile. how about GBP/USD ?
5. witch indicators (technical) should you start with ?

Sorry if this post doesn't belong here.

Thanks for help in advance.
  • #97,073
  • Jun 26, 2008 1:09am Jun 26, 2008 1:09am
Quoting kairos
I have a few questions.

1. witch is a good way to start learning forex.
2. how much you should demo ?
3. how much time do you need, to start being profitable
4. witch pairs would be easier to start with ?
GBP/JPY seems very volatile. how about GBP/USD ?
5. witch indicators (technical) should you start with ?

Sorry if this post doesn't belong here.

Thanks for help in advance.
Trade very low risk/margin, find a major trend off the weekly/daily charts, trade in the direction of the major trend, buy on dips if it's an up trend, sell on spikes if it's in a down trend.

The key is simplicity (which you won't find in forums: people think there is a magical indicator or way to trade so they add a 100 lines on their chart to make the picture more "clear").

Rule number #1: Money Management

Rule number #2: Simplicity and trade with the trend

Rule number #3: Don't listen to 99% of the people in forums because everyone is an expert here... Even the traders who only use demo accounts. This should probably be rule number one.
  • #97,074
  • Jun 26, 2008 1:23am Jun 26, 2008 1:23am
"And then there was change"

-who knows what movie that's from?
  • #97,075
  • Jun 26, 2008 1:24am Jun 26, 2008 1:24am
Rule number #3: Don't listen to 99% of the people in forums because everyone is an expert here... Even the traders who only use demo accounts. This should probably be rule number one.[/quote]

Yeah...i'm always get crazy when trying to listen to the majority of opinion in this forum,i even become near broke a litlle time ago for listening to them althought i can get a big profit IF i trade what i see on that day...cis!!!
  • #97,076
  • Jun 26, 2008 1:30am Jun 26, 2008 1:30am
Quoting vitagene
Rule number #3: Don't listen to 99% of the people in forums because everyone is an expert here... Even the traders who only use demo accounts. This should probably be rule number one.


Yeah...i'm always get crazy when trying to listen to the majority of opinion in this forum,i even become near broke a litlle time ago for listening to them althought i can get a big profit IF i trade what i see on that day...cis!!![/quote]


But here you are listening to someome again..lol. Rule #4: Dont listen to rule #1
  • #97,077
  • Jun 26, 2008 1:32am Jun 26, 2008 1:32am
But here you are listening to someome again..lol. Rule #4: Dont listen to rule #1[/quote]

Hahaha....lol!
  • #97,078
  • Jun 26, 2008 1:42am Jun 26, 2008 1:42am
I saw the G/J go up in my dream when I took a nap, and the one min chart just did EXACLY what I saw!!!!!! The big candle with a few pumps after hitting 213.50 ..I swear!
  • #97,079
  • Jun 26, 2008 2:15am Jun 26, 2008 2:15am
We seem to be in a fibo entension currently now where 213.20 is the 76.4% extension.

If this breaks we should head lower to 212.79 for it to get buyers, but if this support breaks too, then we may go to 212.12.

But ever if 212.12 breaks then we may go into sell-off mode to drag geppy much lower.
  • #97,080
  • Jun 26, 2008 2:20am Jun 26, 2008 2:20am
Quoting Petefaders
I saw the G/J go up in my dream when I took a nap, and the one min chart just did EXACLY what I saw!!!!!! The big candle with a few pumps after hitting 213.50 ..I swear!

Just check Daily GJ, daily candle already cross 200ema, IMO 220 early July.
290 traders viewing now