Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 5483 | 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)

  • #109,641
  • Sep 1, 2008 8:33pm Sep 1, 2008 8:33pm
I'm a newbie to this currency pair, can someone please tell me how AUD news affects the Guppy? Not sure I understand. TIA
  • #109,642
  • Sep 1, 2008 8:33pm Sep 1, 2008 8:33pm
sometime tonite UJ....break the 108.50 range
[
  • #109,643
  • Sep 1, 2008 8:53pm Sep 1, 2008 8:53pm
Quoting Eulogy
90 day bank bills have already priced in a 90% chance of a 50 bps cut within the next 2 RBA meetings. Most likely get 2 successive 25 cuts.

Its probably the only reason why the ASX just has its head above the break even point today.
it may be priced in. im waiting see what happens after.
  • #109,644
  • Sep 1, 2008 9:04pm Sep 1, 2008 9:04pm
You are right about the price in because the price action for the AUDUSD happen before the news...


Quoting Clouds
it may be priced in. im waiting see what happens after.
[
  • #109,645
  • Sep 1, 2008 9:06pm Sep 1, 2008 9:06pm
Quoting malcolmb14
got to love those fib expansions ..... closed long 193.95 to 194.70

right on target

Attachment
Hi Malcolmb,
can you or some one else pls tell me how i can add those price levels next to the fibs ??

Thanks,
Goodbadmas
  • #109,646
  • Sep 1, 2008 9:12pm Sep 1, 2008 9:12pm
More news for AUD tonite at 12:30pm


Quoting Clouds
it may be priced in. im waiting see what happens after.
[
  • #109,647
  • Sep 1, 2008 9:13pm Sep 1, 2008 9:13pm
Quoting goodbadmas
Hi Malcolmb,
can you or some one else pls tell me how i can add those price levels next to the fibs ??

Thanks,
Goodbadmas
TRy this
Attached File(s)
File Type: ex4 Set_Fibo_Price_Default.ex4   3 KB | 358 downloads
Price does what price wants , I just need to be prepared.
  • #109,648
  • Sep 1, 2008 9:17pm Sep 1, 2008 9:17pm
Quoting malcolmb14
now 5 min is changing ....

there is a bearish engulfing candle .....

maybe we head down for a bit

I am flat ..

done for day

+70 , +15 , +85


someone asked how to use FE ...fib expansions i never take trade till price is over the 38.2 ....

lets assume this is a trend reversal here .... on a 5 min .. plotted fib expansion to downside , high , low and lower high . There is no right or wrong way of drawing these or choosing points on your charts as fib ALL over lap .

So now IF I was to go short i would wait for confirmation of trend reversal and go short UNDER 38.2 % fe at 193.8

This also take us under the 8 and 13 sma ( note these are both fib numbers on the moving average)

Sure it is 100 pips away ... but these market are unusual and typically it is only 20 -30 pips away. It is a safe way to trade in my opinion.

Not telling you how to trade .... just showing you what I do ....

Attachment
a little bit of patience in this game goes a long way ... nice safe sell entry 193.8

took 20 pips on this one
Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 156 KB
Blogging daily now at www.volume.zone
  • #109,649
  • Sep 1, 2008 9:20pm Sep 1, 2008 9:20pm
Quoting malcolmb14
a little bit of patience in this game goes a long way ... nice safe sell entry 193.8

took 20 pips on this one
Hmm.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 3.png Size: 18 KB
  • #109,650
  • Sep 1, 2008 9:21pm Sep 1, 2008 9:21pm
Quoting malcolmb14
a little bit of patience in this game goes a long way ... nice safe sell entry 193.8

took 20 pips on this one

Now i go long o if this 5 min candle finishes above the 193.8 level , and next one goes 2 pips higher than high of this candle
Blogging daily now at www.volume.zone
  • #109,651
  • Sep 1, 2008 9:22pm Sep 1, 2008 9:22pm
Quoting PJkiller
TRy this
thank you .. that worked

Goodbadmas
  • #109,652
  • Sep 1, 2008 9:22pm Sep 1, 2008 9:22pm
Quoting malcolmb14
a little bit of patience in this game goes a long way ... nice safe sell entry 193.8

took 20 pips on this one
my line is a little different then yours was waiting to buy or sell here i bought..thats too funny
Attached Image (click to enlarge)
Click to Enlarge Name: gj now.gif Size: 15 KB
Price does what price wants , I just need to be prepared.
  • #109,653
  • Sep 1, 2008 9:23pm Sep 1, 2008 9:23pm
Quoting PJkiller
my line is a little different then yours was waiting to buy or sell here i bought..thats too funny
out with half 30 pips sl be on balance
Price does what price wants , I just need to be prepared.
  • #109,654
  • Sep 1, 2008 9:24pm Sep 1, 2008 9:24pm
Quoting Clouds
Hmm.
Attachment
lucky i took those 20 .. did not see that trendline
Blogging daily now at www.volume.zone
  • #109,655
  • Sep 1, 2008 9:25pm Sep 1, 2008 9:25pm
Quoting goodbadmas
thank you .. that worked

Goodbadmas
yw
Price does what price wants , I just need to be prepared.
  • #109,656
  • Sep 1, 2008 9:25pm Sep 1, 2008 9:25pm
Quoting malcolmb14
Now i go long o if this 5 min candle finishes above the 193.8 level , and next one goes 2 pips higher than high of this candle
quick question.....when you are scalping like this....what size positon are you taking? a full lot? more?
--post hoc ergo propter hoc--
  • #109,657
  • Sep 1, 2008 9:26pm Sep 1, 2008 9:26pm
Quoting malcolmb14
Now i go long o if this 5 min candle finishes above the 193.8 level , and next one goes 2 pips higher than high of this candle
At this point, Short is still preferable .. in my opinion. Today's Japanese bond is still on a weak side. London may re-test the low .. me think.
  • #109,658
  • Sep 1, 2008 9:38pm Sep 1, 2008 9:38pm
Quoting mktjong
At this point, Short is still preferable .. in my opinion. Today's Japanese bond is still on a weak side. London may re-test the low .. me think.
You think London will wake up, see the Japanese prime minister has been fired, and sell the pound and buy the yen? Pure tech trades?
  • #109,659
  • Sep 1, 2008 9:45pm Sep 1, 2008 9:45pm
Quoting Seaward22
You think London will wake up, see the Japanese prime minister has been fired, and sell the pound and buy the yen? Pure tech trades?
The report says that the Japanese PM resignation is for better overall including the economy. London session is always very volatile and its economy is going down..in this case, buying Yen maybe a better choice (the lesser evil ) if they trade logically .. hehee.. I don't know ..you need to have a sixth sense to know which way to go ..
It's a Sushi time .. it's quite unpredictable at this moment until they come back from lunch.
  • #109,660
  • Sep 1, 2008 9:47pm Sep 1, 2008 9:47pm
Bermuda triangle! The beast is asleep, all is quiet.
Attached Image
108 traders viewing now