Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 5421 | 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)

  • #108,401
  • Aug 22, 2008 10:45am Aug 22, 2008 10:45am
Quoting marcb
Hi, what do you mean by "major revesal"? Reversal that lasts at least 100 pips?May I ask what is the idea underneath it? I will be glad to help
I mean those points of highest high or lowest low with a big rally of a big fall that you see on time frames like H4.
Discipline + Patience - Fear - Greed = Success
  • #108,402
  • Aug 22, 2008 10:46am Aug 22, 2008 10:46am
Quoting anthonykay
anyone knows from where this spike came ???????
From "Friday"
Discipline + Patience - Fear - Greed = Success
  • #108,403
  • Aug 22, 2008 10:54am Aug 22, 2008 10:54am
G/U

False breakout or the real deal?

That is the question!

B
  • #108,404
  • Aug 22, 2008 11:32am Aug 22, 2008 11:32am
Moody’s cuts Fannie-Freddie ratings

http://dailybriefing.blogs.fortune.c...eddie-ratings/
  • #108,405
  • Aug 22, 2008 11:42am Aug 22, 2008 11:42am
USD/JPY headed north up to MAJOR resistance at 110, but didn't take GBP/JPY with it. GBP/JPY weekly trendline is still in place. All we need is some more data to prove we're in a worldwide slowdown.

GBP/JPY is headed down folks, way down. Heads up. I would say at least 190.
  • #108,406
  • Aug 22, 2008 11:51am Aug 22, 2008 11:51am
Quoting falcon232
USD/JPY headed north up to MAJOR resistance at 110, but didn't take GBP/JPY with it. GBP/JPY weekly trendline is still in place. All we need is some more data to prove we're in a worldwide slowdown.

GBP/JPY is headed down folks, way down. Heads up. I would say at least 190.
Yes, you''re right:

UY, GY, DOW they are all going down, they all finished retracements!
  • #108,407
  • Aug 22, 2008 12:03pm Aug 22, 2008 12:03pm
What my 209 is not coming??Im out for now 202 to 204,
not bad at all..
Boyy,trap money,like bear hunters.
  • #108,408
  • Aug 22, 2008 12:12pm Aug 22, 2008 12:12pm
Happy i didnt go long. What a friday
  • #108,409
  • Aug 22, 2008 1:14pm Aug 22, 2008 1:14pm
what u think guys...!!!
Attached Image (click to enlarge)
Click to Enlarge Name: head.gif Size: 19 KB
  • #108,410
  • Aug 22, 2008 1:30pm Aug 22, 2008 1:30pm
Quoting ephisi
Happy i didnt go long. What a friday
fright day???
Lost...
  • #108,411
  • Aug 22, 2008 1:45pm Aug 22, 2008 1:45pm
1.8500 seems to be a tough sup for GU ... I'm watching it.

It is very interesting to watch how bears struggle to break this at the latest moments of the week.

Let's see if they can break it or not. If they can't I think market will probably open with a big gap next week; either up or down ... but IMHO if they are not successful to get below support level, a gap to the north is more probable.
Discipline + Patience - Fear - Greed = Success
  • #108,412
  • Aug 22, 2008 1:57pm Aug 22, 2008 1:57pm
gj4h - a Bat, may be???
MACD & CCI bullish divers
Attached Images
  • #108,413
  • Aug 22, 2008 2:11pm Aug 22, 2008 2:11pm
Quoting arezab
1.8500 seems to be a tough sup for GU ... I'm watching it.

It is very interesting to watch how bears struggle to break this at the latest moments of the week.

Let's see if they can break it or not. If they can't I think market will probably open with a big gap next week; either up or down ... but IMHO if they are not successful to get below support level, a gap to the north is more probable.
New low already in place on the daily and the weekly is looking very very bearish right now. It seems we could go to 8100..
Patience + Discipline - Greed = Success
  • #108,414
  • Aug 22, 2008 2:53pm Aug 22, 2008 2:53pm
Quoting bigcoupe
And then you have my crazy view as to how this will play out.

Thoughts?

B
Here's an update to the chart I showed ya guys on the 16th.
Attached Image (click to enlarge)
Click to Enlarge Name: G_U_weekly_EW_update.jpg Size: 96 KB
  • #108,415
  • Aug 22, 2008 4:11pm Aug 22, 2008 4:11pm
Quoting arezab
1.8500 seems to be a tough sup for GU ... I'm watching it.

It is very interesting to watch how bears struggle to break this at the latest moments of the week.

Let's see if they can break it or not. If they can't I think market will probably open with a big gap next week; either up or down ... but IMHO if they are not successful to get below support level, a gap to the north is more probable.

your right arezab ,i share you your view about the the cable,yeah sure there are many more attempts to push the cable right down the toughest support level for the cable over the last 14 months.

so dont worry the cable will be able to pass through this hurdle and break this support and dont forget that we have 3 support levels after the break is done .
the first is 1.8390 ,1.8200 and 1.8100


have a nice weekend all of you traders.
I always knew that someday I would make it big
  • #108,416
  • Aug 22, 2008 4:17pm Aug 22, 2008 4:17pm
Ok..... so I am thinking..
Inverted hammer on the weekly
Bearish engulfing on the daily with lower low (lowest in two years)
UK registering weak data one after the other
Bounce getting weaker and weaker off the 8500 support.
Oil falling over $6.50 in one day
etc. etc.

I will be selling rallies next week as long as 8796 holds... I see this going down to 83xx next week...

Enjoy your weekend guys and dont forget to party...... I know I will after that medal haul by our Jamaican olympians.....
Attached Image (click to enlarge)
Click to Enlarge Name: week.GIF Size: 28 KB
Attached Images
Patience + Discipline - Greed = Success
  • #108,417
  • Aug 22, 2008 4:58pm Aug 22, 2008 4:58pm
Hey all,

I love this thread and its one of my favourites, anyways I made an EA for the beast so if you wanna help improve and test it for me then head over to my thread here on FF.

http://www.forexfactory.com/showthre...09#post2180409
  • #108,418
  • Aug 22, 2008 6:22pm Aug 22, 2008 6:22pm
Quoting Eulogy
U.S. Stock Futures Rise on Speculation Lehman May Be Bought by Korean Bank

What i don't get is how investors can think this is a good thing. So the US doesn't have to bail you out, just let the Korean government do it instead. This is just as likely to decimate the ordinary shareholders

Do people actually think that the Koreans are so stupid that they'll buy Lehmans at a favourable price? Lehman's is on the rope and you can be sure that whatever takeover happens, the buyer is definitely gonna pull that to their advantage. Most likely with all the toxic sludge that's still on and off Lehman's books, if the deal goes ahead, it'll be at a highly discounted price, maybe even something like 5c to the dollar if the Merrill example is anything to go by.
Hello Eulogy, I know what you mean, is like seling your country piece by piece and there is nothing you can do, discusting isn't it
The Chonchy
  • #108,419
  • Aug 22, 2008 7:02pm Aug 22, 2008 7:02pm
Quoting arezab
From now on I'm going to pick the tops and bottoms with GU.

Actually I'm working on a system which identifies those major reversal points with a precision of only 1 candle false signal.

I'll let you know how it works when it's finished.
I seem to have developed my own system... buy on tops and sell on bottoms

JK... I would be very interested in your system.
  • #108,420
  • Aug 22, 2008 7:17pm Aug 22, 2008 7:17pm
Quoting Infinity
Ok..... so I am thinking..
Inverted hammer on the weekly
Bearish engulfing on the daily with lower low (lowest in two years)
UK registering weak data one after the other
Bounce getting weaker and weaker off the 8500 support.
Oil falling over $6.50 in one day
etc. etc.

I will be selling rallies next week as long as 8796 holds... I see this going down to 83xx next week...

Enjoy your weekend guys and dont forget to party...... I know I will after that medal haul by our Jamaican olympians.....


Price is currently at a pivotal point at this moment. We are still within what I would call the margin of error of the weekly trend line, and a bounce from the trend line at this point cannot be ruled out.

It is possible that there will be no pull back, but it would be unusual for price to fall over 1600 pips and be unable to make even a 23.8 fib retrace.(...well maybe such is he strength of the downtrend ). Of note as well is that the zero lag stochs on the weekly is severely oversold, currently at a very low 2.xx level. If price continues its leg down without retracing we would see a negative weekly zerolag stoch reading , just kidding.

The RSI has not hooked yet, so nothing is certain yet, but the last time the weekly RSI was at this level , price pulled back.

But so much for the guiding indicators, price action rules, I agree with the candlestick patterns and the 1.8500 support is important, and so if a 4hr or higher timeframe candlestick closes, not just pierces, below that level, then that is probably a strong indicator that the next leg of the downward movement has started.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 43 KB
551 traders viewing now