Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 5107 | 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)

  • #102,121
  • Jul 18, 2008 10:28pm Jul 18, 2008 10:28pm
Asia may benefit as sovereign funds shun U.S. dollar. It shall strengthen Asian currencies including Yen in the coming days and weeks.

Link: http://www.reuters.com/article/reute...50357320080718
  • #102,122
  • Jul 18, 2008 10:40pm Jul 18, 2008 10:40pm
With big ... ready to burst out like Yen pairs?
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #102,123
  • Jul 18, 2008 11:34pm Jul 18, 2008 11:34pm
Quoting bigcoupe
Consider this on the weekly.

Since 2 and 4 are often times the same distance, we could be topping off here. Time will tell.
This your chart right ???? as image below
Attached Image
  • #102,124
  • Jul 19, 2008 4:26am Jul 19, 2008 4:26am
Quoting samclider
This your chart right ???? as image below
Lol that's funny.
  • #102,125
  • Jul 19, 2008 7:23am Jul 19, 2008 7:23am
I am long as the trend is going. Is it bad putting my TP at 216?

Quoting karmostaji
bad idea, Just follow the Daily trend which is UP
  • #102,126
  • Jul 19, 2008 7:33am Jul 19, 2008 7:33am
Quoting uncletrumpet
I am long as the trend is going. Is it bad putting my TP at 216?
My target is the weekly 50% fibo level @ 216.88
Trade what you see, not what you think.
  • #102,127
  • Jul 19, 2008 8:40am Jul 19, 2008 8:40am
Quoting karmostaji
My target is the weekly 50% fibo level @ 216.88
Where was your low and the high to get what u get, I mean where was your low and high with this fib levels on the weekly?
  • #102,128
  • Edited 12:30pm Jul 19, 2008 8:44am | Edited 12:30pm
Quoting bigcoupe
Consider this on the weekly.

Since 2 and 4 are often times the same distance, we could be topping off here. Time will tell.

Although 1-2, may be usually = 3-4, in the first weekly chart below, the indicators show major differences which would suggest that 3-4 will be longer, even if there may be a bit of retracement. I'll give you three:

1. Look at the QQE's. In the first instance the QQE was crossed down and never managed to cross upwards, which is not the case now.

2. Look at the RSI and the 50MA plotted on the RSI. in the first instance, RSI did not cross the 50MA. Now it is comfortably above both the 50 MA, and the 50 level of the RSI.

3. Notice the signal line (modified hull moving average) in the main chart window. It was red in the first instance and price was below it as well. In effect 1-2 was just a retracement to resume its downward trend. Now, the signal line is nicely green and pretty and price well above it.
Ok, maybe price is too well above it,, that smacks of retracement, , anywho , barring some unforeseen event or what not, which may make it plummet, the more likely "probability outcome" is that it will proceed upwards in the short to medium term.

Chart2, shows that there may be some resistance to the upward movement to Karmo's 50% at the 50ema.

Any downward "retracement" should be limited to the sky blue line in chart#2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy-wklyex.gif Size: 21 KB
Click to Enlarge Name: gbpjpy-wkly.gif Size: 26 KB
  • #102,129
  • Jul 19, 2008 8:58am Jul 19, 2008 8:58am
Cautiously bullish...
Looking at the daily chart it sure does seem like we have seen this pattern before (circled areas).
214.00 area is going to be a tough nut to crack, if it does, up up and up we go....

If it does not then we retest the 208.50-209.00 area.

Historically we have had large pullbacks from the area price is sitting now.

So, as usual next week will be interesting.

Attached Image (click to enlarge)
Click to Enlarge Name: gydaily.gif Size: 62 KB
  • #102,130
  • Jul 19, 2008 10:50am Jul 19, 2008 10:50am
Quoting karmostaji
Buy dips

That should be anyone's plan who are sitting on the sidelines.

Have a great weekend everyone
I agree with that for swing trades .... but trading off a 10 min chart got to love those 100 plus pip pullbacks.
Blogging daily now at www.volume.zone
  • #102,131
  • Jul 19, 2008 11:28am Jul 19, 2008 11:28am
Quoting karmostaji
My target is the weekly 50% fibo level @ 216.88
  • #102,132
  • Jul 19, 2008 12:06pm Jul 19, 2008 12:06pm
Quoting uncletrumpet
Where was your low and the high to get what u get, I mean where was your low and high with this fib levels on the weekly?
High 241.34
Low 192.42
Trade what you see, not what you think.
  • #102,133
  • Jul 19, 2008 12:10pm Jul 19, 2008 12:10pm
Hi God-Bless Auslanco

My prayer that you are guided always for all the good work helping others. I have faith you(now, maybe you already make it or if not) or someday will be blessed with abundance. Its just the Law of Nature, just like the sun always rise in the east and set in the west.

Thats your destiny
Loving Life.............
  • #102,134
  • Jul 19, 2008 12:42pm Jul 19, 2008 12:42pm
Here's a monthly chart also for perspective:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-monthly.gif Size: 20 KB
  • #102,135
  • Jul 19, 2008 2:12pm Jul 19, 2008 2:12pm
What about the fondamentals for the YEN pairs nowdays? How about japan?
  • #102,136
  • Jul 19, 2008 4:12pm Jul 19, 2008 4:12pm
Despite them, by its nature the yen is much weaker than the pound.
I remain bullish as always

Quoting robrub
What about the fondamentals for the YEN pairs nowdays? How about japan?
  • #102,137
  • Jul 19, 2008 4:54pm Jul 19, 2008 4:54pm
Salam Guys,
My name is muhammad,

i can see soo many people in this forum talk about fundamentals, my friends fundamentals take time to effect. people here talk about fundamentals kist to support their position they are holding but they are trading technicals support, resistence fibo etc etc..

fundamental traders dont close position when a retracement is due in 4 hour chart, they trade for long long term.

it is true that "Investors tend to seek out information that supports their existing point of view while avoiding information that contradicts their opinion
Psychologist Thane Pittman’s slip of tongue sums it up: “I’ll see it when I believe it.”

i have Questions i wanted to ask

i heard big boys here in this forum
will some body tell me who they are?
what do u mean by big boys?
can they move market? if yes thay can move market then why we are trading in this market where a group of people called "big boys" can move the market against us and take our money?
can they move the market? if no then why we are talking about Big Boys?
Don't compare your Trades with Others
  • #102,138
  • Jul 19, 2008 4:56pm Jul 19, 2008 4:56pm
Quoting GodfreyH
Here's a monthly chart also for perspective:
do u trade on mothly chart? if yes then great u r a real long term trader my friend
Don't compare your Trades with Others
  • #102,139
  • Jul 19, 2008 5:00pm Jul 19, 2008 5:00pm
Quoting DubaiFX
do u trade on mothly chart? if yes then great u r a real long term trader my friend
actually my friend i posted few days back usd/jpy daily chart because i trade on daily chart so i thought may be you are trading monthly
Don't compare your Trades with Others
  • #102,140
  • Jul 19, 2008 5:08pm Jul 19, 2008 5:08pm
Quoting forexmoments
Lol that's funny.
forex alway is funny ..lol
28 traders viewing now