Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 5552 | 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)

  • #111,021
  • Edited 5:01am Sep 7, 2008 4:34am | Edited 5:01am
Quoting Pirin
Long from 187.19
Quoting Dr.Geppynius
How is the herd today ? Still bearish ?
  • #111,022
  • Sep 7, 2008 5:10am Sep 7, 2008 5:10am
Quoting Pirin
How is the herd today ? Still bearish ?

ya, still bearish
The Market pays you to be disciplined
  • #111,023
  • Sep 7, 2008 5:59am Sep 7, 2008 5:59am
Quoting malcolmb14
I use 138.2 ... seems the more popular one ...

the rule with fib expansions is once thru the 38.2 we test 61.8 / 78.6. ZZThe 78.6 can be a tough area to brerak but once broken we head to 100 ... that is always my next level.

Then break 100 gives way to 138.2 , then 161.8 and of course 200...

as soon as you have a 1-2-3- set up you can trade of any time frame ... here is the one for the move up ....on a 15 min chart

Note that the real place to go long on these set ups is the 38.2 % fe breakout

Just to show you they works on ANY time frame I have also included a 100 tick chart ( I am a day trader) for the GBPCHF on Friday...... note how once the 38.2 was broken we went to 78.6....that alone would have netted my 30 pips a day


and lastly one for the gbpjpy on a 100 tick chart for what looked like a choppy market on Friday , but once you got the low , high and higher low you could plot a fe on the set up and look we stopped on 100 % for the longest time ... not seen on the chart but 161.8 is 190.33 ...close enough to high of day. On this one note how price could not stay under the 38.2

as i mentioned in a previous post 4XTRADER ... YOU AND ME SCALPING LIVE ANYTIME .... lol ... the challenge was thrown out there and he was silent....

Attachment

Attachment

Attachment

Attachment
thanks for the additional info... but for some reason 127.2 is working for me.
  • #111,024
  • Sep 7, 2008 6:01am Sep 7, 2008 6:01am
Quoting Pirin
How is the herd today ? Still bearish ?
Look at your charts.... Here, look at mine and tell me if its bullish or bearish. i can give you an hourly one also if you like. daily, take a pick. no one sugests you cant win on a long trade in a bearish market. obviously you have made pips, but so have many others. But don't ask if its a bearish market or not. and please no sarcasim towards doc. he is a great contributor to this thread and a very wise man. unless your coments are made on a freindly shit stir. But i dought your coments are a freindly nature.
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 14 KB
  • #111,025
  • Sep 7, 2008 6:15am Sep 7, 2008 6:15am
Quoting lilmoe
thanks for the additional info... but for some reason 127.2 is working for me.
extensions/expansions that i use are as follows:

127.2
161.8
200.0
261.8
338.2
423.6

if u place them on a chart u'll find something interesting; each of those levels center out the preceding and following levels (ie: 127.2 is exactly the center between 100% and 161.8%), so do the other fib levels. 138.2, 150, 238.2 and other "popular" levels break that rhythm. that and i have other reasons not to follow these as a "price MUST go there" levels, but I DO USE them as "S/R" levels, i think there's a difference in both.

we had the same setup on YM if u remember, monthly chart. price bounced down from 127.2 (all times high) then back up at 78.6 (10800)...
  • #111,026
  • Sep 7, 2008 7:02am Sep 7, 2008 7:02am
Quoting Pirin
How is the herd today ? Still bearish ?

lol@ your title
  • #111,027
  • Sep 7, 2008 7:37am Sep 7, 2008 7:37am
  •  Hamsoj
  • | Joined Jul 2008 | Status: The humble at heart shall see God | 18 Posts
Hello,

I want to ask your opinion on GBP/JPY....Do you think the instrument as finally retrace from the downtrend or we are still seeing more of the downtrend.
  • #111,028
  • Sep 7, 2008 7:43am Sep 7, 2008 7:43am
Quoting Hamsoj
Hello,

I want to ask your opinion on GBP/JPY....Do you think the instrument as finally retrace from the downtrend or we are still seeing more of the downtrend.
The Central Banks of Japan and England are waiting for the experts on forex factory to do their charting analysis in order to determinate the future development of the financial markets. You have to wait for one of our experts to post something like "down GBP, go down", "more green pips down" or draw a trendline for the markets to make a move.
  • #111,029
  • Sep 7, 2008 7:58am Sep 7, 2008 7:58am
  •  Hamsoj
  • | Joined Jul 2008 | Status: The humble at heart shall see God | 18 Posts
I don't understand what u are trying to say
  • #111,030
  • Sep 7, 2008 8:02am Sep 7, 2008 8:02am
Quoting Hamsoj
I don't understand what u are trying to say
Everyone here thinks that we are headed down
  • #111,031
  • Sep 7, 2008 8:04am Sep 7, 2008 8:04am
Quoting lilmoe
lol@ your title
  • #111,032
  • Sep 7, 2008 8:50am Sep 7, 2008 8:50am
Quoting Pirin
Everyone here thinks that we are headed down
GJ has been going down since 215, that is 2800 pips down

I don't know why are you making a big fuss about your 200 long pips lol

Me and Dr. said to sell rallies, we didn't say go short at 186 or 187 or any other price.

Anyways, I'll donate 2 pips and buy you a lolipop since you're so excited
Trade what you see, not what you think.
  • #111,033
  • Sep 7, 2008 8:55am Sep 7, 2008 8:55am
Quoting karmostaji
GJ has been going down since 215, that is 2800 pips down

I don't know why are you making a big fuss about your 200 long pips lol

Me and Dr. said to sell rallies, we didn't say go short at 186 or 187 or any other price.

Anyways, I'll donate 2 pips and buy you a lolipop since you're so excited
which area are you targeting for short to open?
  • #111,034
  • Sep 7, 2008 8:58am Sep 7, 2008 8:58am
Quoting moneybookers
which area are you targeting for short to open?
I didn't like that rumor we heard last minute on Friday, I'll have to see where price opens later today and what happens with that Freddie news.

But before this rumor, the chart was definitely looking bearish 100%, but now we've gotta wait and see.
Trade what you see, not what you think.
  • #111,035
  • Sep 7, 2008 9:12am Sep 7, 2008 9:12am
  • #111,036
  • Edited 9:33am Sep 7, 2008 9:12am | Edited 9:33am
Quoting karmostaji
GJ has been going down since 215, that is 2800 pips down

I don't know why are you making a big fuss about your 200 long pips lol

Me and Dr. said to sell rallies, we didn't say go short at 186 or 187 or any other price.

Anyways, I'll donate 2 pips and buy you a lolipop since you're so excited
ok, forget it, i don't want to argue with you, happy trading tomorrow
  • #111,037
  • Sep 7, 2008 9:20am Sep 7, 2008 9:20am
Quoting karmostaji
I didn't like that rumor we heard last minute on Friday, I'll have to see where price opens later today and what happens with that Freddie news.

But before this rumor, the chart was definitely looking bearish 100%, but now we've gotta wait and see.
ya,first looks good for usd & stock mkt;but usa bond credit rate will lower.not good for usd
  • #111,038
  • Sep 7, 2008 9:38am Sep 7, 2008 9:38am
Quoting karmostaji
GJ has been going down since 215, that is 2800 pips down

I don't know why are you making a big fuss about your 200 long pips lol

Me and Dr. said to sell rallies, we didn't say go short at 186 or 187 or any other price.

Anyways, I'll donate 2 pips and buy you a lolipop since you're so excited
I admire you and Dr Geppy as traders .... but the fact it is that this rally is 350 pips and there maybe another 200 to come yet before we start heading down....that is a lot of pips and any of those newbie traders holding their shorts will get margin calls before the downtrend resumes.

selling the rallies is a good idea at this point until the daily tells us otherwise , it is the safe trade , however one has to be aware of what time frame they are selling the rallies on . The better idea is to sell the breaks of bear flags on a 15 min chart. This is why on a previous post I mentioned 188 breakdown is a good place to short in the coming days

In strong downtrend it is known that we retrace to the 38.2 fib .... for this overall move down from 215 that is 197.30. If this happens that is a 1000 pip move up yet the market could still be classified in a downtrend

Lilmoe took a position right at the bottom .... now that is an awesome trader , one that can trade both sides of the market and has a valid reason for getting into the trade and manages his / her risk

just food for thought

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.jpg Size: 186 KB
Blogging daily now at www.volume.zone
  • #111,039
  • Sep 7, 2008 9:52am Sep 7, 2008 9:52am
Quoting Macedonia
Look at your charts.... Here, look at mine and tell me if its bullish or bearish. i can give you an hourly one also if you like. daily, take a pick. no one sugests you cant win on a long trade in a bearish market. obviously you have made pips, but so have many others. But don't ask if its a bearish market or not. and please no sarcasim towards doc. he is a great contributor to this thread and a very wise man. unless your coments are made on a freindly shit stir. But i dought your coments are a freindly nature.

his post was sarcastic ... but there is a valid arguments for a retracement rally into 192/ 193 zone.

here is my 60 min..... this to me is a bullish retracement .. .with a rounded bottom . Look at the way price is above both the 14 and 33 sma. Look at the way that the 14 sma is forming a VERY NICE rounded bottom and is about to pass up through the 33 sma . Look at the bullish divergence on the RSI on the double bottom .... (that was the big money guys checking to see if there were any sellers left )

If price remains above the 14 and 33 on the 60 min at 188 there is a valid argument for another 300 pips to the upside , I do no care if this is bull or bear market 300 PIPS IS 300 PiPS and that would nake this rally 650 pips

If 188 does not hold and we break the bottom of the bear flag and the 14 sma then of course the bear markets prevails until price price goes above the 14 sma once again

Once again . I want to drum this home as I have seen at least 2 newer traders getting large losses on shorts and one margin call ( that is an account being destroyed) .... NOTHING CAN GO DOWN FOREVER AND WHEN YOU HAVE 800 PIP MOVES DOWN IN NO TIME THE RETRACEMENTS WILL BE 300 TO 400 PIPS .Protect those profits

Also do not get married to your trades ...... I have seen alot of that in here recently from even some of the better traders. There is nothing wrong with getting rid of shorts ... specially when you see a double bottom with a bullish div in rsi on a 60 min and wait for the retracement to reload the shorts

my target to upside if 188 holds is that 23.6 level ...... 193

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.jpg Size: 181 KB
Blogging daily now at www.volume.zone
  • #111,040
  • Sep 7, 2008 10:01am Sep 7, 2008 10:01am
Quoting karmostaji
I didn't like that rumor we heard last minute on Friday, I'll have to see where price opens later today and what happens with that Freddie news.

But before this rumor, the chart was definitely looking bearish 100%, but now we've gotta wait and see.
4 hr gann Is the one to look any close above it can see us testing daily gann later the week in my opinion .. looks similar to me when last year ON the news on Bear stearns falling we saw fall towards 192 and on Fed intervention we got retracement initially and then reversal in later weeks
229 traders viewing now