Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 4901 | 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)

  • #98,001
  • Jun 30, 2008 10:36pm Jun 30, 2008 10:36pm
If this hour candle can close around 21110ish then it looks like a classic setup for a short to go to 209 for any using the 4h auslanco system

My 4h momentum is pointing down but daily is pointing up and yesterday's pin bar on the daily do not give encouragement to a short just yet..

Funny old game.

John
  • #98,002
  • Jun 30, 2008 10:55pm Jun 30, 2008 10:55pm
Quoting big_pipin
I'm also a forker .. im new here, and was just wondering on some good pitch fork threads.
Hi Big Pipin, Birdt, and fellow forkers...


Seems like this recent thread would be good for Pitchfork discussion:
http://www.forexfactory.com/showthread.php?t=76597

There may well be other threads worth reviewing but I haven't looked. There are some decent chart examples there. Anyway, if you post in that thread, I'm subscribed and will check out your comments.

Birdt, we have a disagreement in your "Schiff PF" definition. Given the 3 points of a PF (A B C aka 1 2 3), then a Modified Schiff is just as you drew it, but a regular Schiff would be at the same price level, but moved over to the same time as point A (rather than 1/2 way from A to B as in a Mod. Schiff). Maybe I'm just wrong, but I've looked at the charts in Andrew's original material (which is kinda hard to read clearly).

Given that you, me, and lots of others use MT4, do you have any tools to draw Mod. Schiff or Schiff precisely, or do you just measure and manually do it?

Join me in discussing these PF questions in the other thread so we don't hijack this one...

Kent (Pips4life)
  • #98,003
  • Jun 30, 2008 11:27pm Jun 30, 2008 11:27pm
Quoting mjolimer
If this hour candle can close around 21110ish then it looks like a classic setup for a short to go to 209 for any using the 4h auslanco system

My 4h momentum is pointing down but daily is pointing up and yesterday's pin bar on the daily do not give encouragement to a short just yet..

Funny old game.

John
Here's my 1hr and 4hr charts. I agree that one appears to be developing.

http://www.forexfactory.com/showthread.php?t=41509

Also agree with the potential target at 209. The 4hr 200ema in that neighborhood, and it will be tough to get a close below it. Currently price is testing the 4hr 100sma, and I'd like to see a break there before going short.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr1hr.jpg Size: 290 KB
  • #98,004
  • Jun 30, 2008 11:46pm Jun 30, 2008 11:46pm
Here's how the Daily chart is coming along. Price is currently below the Gann HiLo, but not confirmed. Price is also below the 5sma. The QQE lines are crossed bearish, but the solid line hasn't touched the 50 line yet.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 207 KB
  • #98,005
  • Jun 30, 2008 11:51pm Jun 30, 2008 11:51pm
yes but conformation would be the down move we see last days ... see the waves on 1h chart this could be also an indication for g/j
  • #98,006
  • Jun 30, 2008 11:55pm Jun 30, 2008 11:55pm
Quoting Pips_Cruiser
Here's how the Daily chart is coming along. Price is currently below the Gann HiLo, but not confirmed. Price is also below the 5sma. The QQE lines are crossed bearish, but the solid line hasn't touched the 50 line yet.

Daily is just sitting on my 10 period gann line at the moment. Are you using VT? not much in it though.. could be a time difference .. im using fxdd gmt plus 2..

5 minute till new candle.. looks very possible.. i don't think i could resist it...



John
  • #98,007
  • Jun 30, 2008 11:57pm Jun 30, 2008 11:57pm
Quoting teodosy87
yes but conformation would be the down move we see last days ... see the waves on 1h chart this could be also an indication for g/j
Oh sure. Lots of indications. I like the way price is falling right now, too.

  • #98,008
  • Jun 30, 2008 11:59pm Jun 30, 2008 11:59pm
yes also it`s going below pivot point which could be also good confirmation i`m thinking barish i`ll wait a little retrace and enter short good luck to all ..
  • #98,009
  • Jul 1, 2008 12:08am Jul 1, 2008 12:08am
Quoting mjolimer
Daily is just sitting on my 10 period gann line at the moment. Are you using VT? not much in it though.. could be a time difference .. im using fxdd gmt plus 2..

5 minute till new candle.. looks very possible.. i don't think i could resist it...



John
I think you're correct on all counts. It's looking too good for me to pass up.
  • #98,010
  • Jul 1, 2008 12:11am Jul 1, 2008 12:11am
Quoting teodosy87
yes also it`s going below pivot point which could be also good confirmation i`m thinking barish i`ll wait a little retrace and enter short good luck to all ..
If it gets through the 21095 then next bounce will be 21048 by my calculations..

then 20987 / 80.. then if it get thru there then i think 209 should be possible.

John
  • #98,011
  • Jul 1, 2008 12:13am Jul 1, 2008 12:13am
we will see hope you are right and good at math
  • #98,012
  • Jul 1, 2008 12:14am Jul 1, 2008 12:14am
Attached Image (click to enlarge)
Click to Enlarge Name: Patience_pills.jpg Size: 71 KB
  • #98,013
  • Jul 1, 2008 12:14am Jul 1, 2008 12:14am
Quoting Pips_Cruiser
  • #98,014
  • Jul 1, 2008 12:16am Jul 1, 2008 12:16am
With the new monthly Pivot zone now at 209.71 all the longs are in a very risky place. There is a high likely hood of a daily close below that and even further.

We will have major heat on all carry trades coming up with all the following issues:

DJIA weekly support taken out, Gold flying away, Real Estate falling, Banks under preassure, Inflation out of control, Looming war in the middle east... Do I need to keep going? These times are about risk adversion and this will cause a sell off on GJ and GC in the coming weeks and we have a new monthly pivot that wants to be taken out.

GJ shorts should look good tonight.
  • #98,015
  • Jul 1, 2008 12:17am Jul 1, 2008 12:17am
Good Mooornin Yall!

Took a short from inner fib levels yesterday, also my selllimit @ 50% retrace of whole moove down @ 211.661 got triggered. 4hr candle closed below DP. next area im wathing is 210.478 from my 4hr chart. both positions in green

Cheers

edit: also 210.771 is 38.2% level of my dayly fib, 2 days ago price had bounced of this area, lets see now
Attached Image (click to enlarge)
Click to Enlarge Name: gj_h4_07-01.gif Size: 29 KB
  • #98,016
  • Jul 1, 2008 12:19am Jul 1, 2008 12:19am
Quoting Pips_Cruiser
Well.. if this trade turns against us then so be it.. but it is perfect by the system and in theory we could be looking at 208.50 to 208.00 if the momentum gets going.. 300 pips as the daily is now on our side?

I'll be very happy with 209 level though.. life can be too good you know

:0

John
  • #98,017
  • Jul 1, 2008 12:27am Jul 1, 2008 12:27am
YEAH BABY..easy money
  • #98,018
  • Jul 1, 2008 12:28am Jul 1, 2008 12:28am
Watch that biatch fall, nice congrats who are holding shorts!!! I think 4hr hidden bearish divergence played out, not sure because i aint goot at them, maybe Scrat will elaborate on this one ;-)
  • #98,019
  • Jul 1, 2008 12:32am Jul 1, 2008 12:32am
closed my short at 210.60

just to be more secured cause we might bounce or we might make inverted H&S

i will keep looking for another short entery.
  • #98,020
  • Jul 1, 2008 12:34am Jul 1, 2008 12:34am
Quoting mjolimer
Well.. if this trade turns against us then so be it.. but it is perfect by the system and in theory we could be looking at 208.50 to 208.00 if the momentum gets going.. 300 pips as the daily is now on our side?

I'll be very happy with 209 level though.. life can be too good you know

:0

John
I see the daily S2 in the 208 area. So if we get a good move down that just might happen. I see price going to the 207 - 208 area before too long, even if it doesn't happen this trading day. The daily chart is at least "turning" bearish.
59 traders viewing now