Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 5794 | 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)

  • #115,861
  • Sep 18, 2008 11:13pm Sep 18, 2008 11:13pm

Prepared by: FX Solutions, LLC Saddle River Executive Centre, One Route 17 South, Suite 260, Saddle River, NJ 07458
9/19/2008 12:03:26 AM


CHINA PRESS: No single acquisition can solve the US credit crisis a
China Investment Corp official was cited by the official Xinhua News
Agency as saying adding that any move by the sovereign wealth fund to
buy a stake in a U.S. firm could face hurdles in Washington. "The US is
experiencing liquidity strains and it is a systematic credit crisis. No
single acquisition could solve it" the official who spoke on condition
of anonymity was quoted as saying.
  • #115,862
  • Sep 18, 2008 11:21pm Sep 18, 2008 11:21pm
Was there news? What caused the freefall?
  • #115,863
  • Sep 18, 2008 11:22pm Sep 18, 2008 11:22pm
Quoting TraderStar
Was there news? What caused the freefall?
i sold the geppy
  • #115,864
  • Sep 18, 2008 11:23pm Sep 18, 2008 11:23pm
Quoting PandoraBox
I'm sideline....H1 and H4 totally overbought. At this stage not suitable to long.
Exactly ..
Not supported by volume still rules .. LOL

These sharks guide all their preys to a point of no return and then devour them with a lightning speed.. .. they never have mercy ..
  • #115,865
  • Sep 18, 2008 11:25pm Sep 18, 2008 11:25pm
Quoting rogerdoger
i sold the geppy
Wow, who knew selling 3 micro lots could have such an effect
  • #115,866
  • Sep 18, 2008 11:26pm Sep 18, 2008 11:26pm
Quoting TraderStar
Was there news? What caused the freefall?
A news about US investment bank sold AUD, causing other carry trades throwing white handkerchief ..
  • #115,867
  • Sep 18, 2008 11:26pm Sep 18, 2008 11:26pm
Quoting TraderStar
Wow, who knew selling 3 micro lots could have such an effect
hehehe I also had 10 million photoshop lots to go along with that
  • #115,868
  • Sep 18, 2008 11:29pm Sep 18, 2008 11:29pm
If it continues south, there is a good chance it will blow past 192 and validate the UTL break at 191.50ish instead. I'm still a noob so use your own judgement.


Attached Image (click to enlarge)
Click to Enlarge Name: gjh4.gif Size: 14 KB
" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #115,869
  • Sep 18, 2008 11:31pm Sep 18, 2008 11:31pm
As a swing trader, I look at the higher TF for overall trend..

For example:

The 1hr and 4 hr TF are trending upward..

If the price action pullback, I scalp for an average of 10 to 15 pips..

I like to do this because when the price action returns back in the trending direction, my profits increase...

Now if the price action stops and breaks my 1 hr TF than I lock in pips ..

If I trade this without the scalping pullbacks, I would only make pips in the direction of the trend..

So far in this trade right now, I made several scalp pips on the pullback while the overall trend on the 1hr and 4hr TF is up..

It take practices and patience to develop this skill..

Enjoy the pips..

More will come once the London market starts..

The bias so far is positive for the GJ and UJ based on the news from the feds and the future Dow is positive..

Good Luck..
[
  • #115,870
  • Sep 18, 2008 11:41pm Sep 18, 2008 11:41pm
Quoting mktjong
Exactly ..
Not supported by volume still rules .. LOL

These sharks guide all their preys to a point of no return and then devour them with a lightning speed.. .. they never have mercy ..

Somebody push it up...and short at the top.

retail traders, newbie.....just follow and continue long...at the end ..get margin call.
  • #115,871
  • Sep 18, 2008 11:42pm Sep 18, 2008 11:42pm
Reading up on swing trading now. Book is by Alan Farley, good stuff so far.
Gonna nap for a bit, see ya'll in a couple of hours.



Quoting rgitt05
As a swing trader, I look at the higher TF for overall trend..

For example:

The 1hr and 4 hr TF are trending upward..

If the price action pullback, I scalp for an average of 10 to 15 pips..

I like to do this because when the price action returns back in the trending direction, my profits increase...

Now if the price action stops and breaks my 1 hr TF than I lock in pips ..

If I trade this without the scalping pullbacks, I would only make pips in the direction of the trend..

So far in this trade right now, I made several scalp pips on the pullback while the overall trend on the 1hr and 4hr TF is up..

It take practices and patience to develop this skill..

Enjoy the pips..

More will come once the London market starts..

The bias so far is positive for the GJ and UJ based on the news from the feds and the future Dow is positive..

Good Luck..
" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #115,872
  • Sep 19, 2008 12:07am Sep 19, 2008 12:07am
One more hour before London comes on board ..

Possible breakout above the 193.00 range
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hr chart.gif Size: 56 KB
[
  • #115,873
  • Sep 19, 2008 12:13am Sep 19, 2008 12:13am
Quoting malcolmb14
sounds like 200 gj to me by end of next week

maybe 400 pip gap sunday......who knows
i've been taking the day off, not making any trades expect for those longs i have before...

trying to clear my mind and analysing the current situation's big picture.

here are some pieces of data we have gathered lately, and some added by me.

1) monthly CCI30 is below the -100 line for the first time since 1999 (9 years ago), and by closing this way by the end of the month, it would be a good sign (that i trust) of a long term established bearish trend.

2) weekly CCI30 is well below the -100 line after bouncing from the 100 line (my trusted measure of continuation of an established trend)

3) we agreed for the past couple of weeks (based on PA) that we're up for a correction/consolidation period. which leaves the dailies UNDECIDED although weeklies and monthlies are saying DOWN.

4) we haven't yet agreed/observed what kind of shape this correction will take; a straight forward retracement then continuation, a bearish flag, or a rising wedge... etc.

5) we had 2 attempts to break 193.50 - 195.50 area, but both failed. the second attempt rendered a lower high.

6) there's a massive Hidden bearish Divergence on the dailies (im sure scrat cought this one) signaling another leg down soon. although i've seen several occasions where a hidden divergence may cause a consolidation on a lower TF with no major pullback before continuing down/up in the same previous direction, but those are rare.

7) i'm sure everyone knows the monthly TL that's been a talk of this thread. however, let's try to draw that line from the closings of the candles instead of the lows. we'll notice that price has tested that area 3 times now forming 3 weekly pins. so i would say we need a weekly or even monthly closing below that TL for more down to come.

8) 9) 10) etc etc etc....


conclusion............... not really sure. we might actually be having a rectangle continuation pattern forming, our key level here is 195.50, if broken, then we might be up for a rising wedge/bearish flag.

just want to add something else. if u guys look at every dump since 251, u'll notice that a consolidation period is followed. and that consolidation period consists of 3 major pushes up, then back down for another dump.

although noticably faster and in shorter time, we have 2 pushes up so far, and we're currently in the third one.

i haven't slept yet, it's 8am here, be back in lond. see ya gus later.
  • #115,874
  • Sep 19, 2008 12:17am Sep 19, 2008 12:17am
Treasury Secretary Hank Paulson briefed Congressional leaders on plans to address the "illiquid assets" on U.S. financial institutions' balance sheets, possibly including the creation of a government facility to take on financial firms' bad debts.
http://media.cnbc.com/i/CNBC/Section..._henry_new.jpg

CNBC.com

Henry Paulson

The proposal to create a massive facility to buy mortgage-backed securities could cost as much as a half-trillion-dollars and would involve the purchase of both private-label and government-guaranteed mortgages, according to an administration official.
[
  • #115,875
  • Sep 19, 2008 12:25am Sep 19, 2008 12:25am
However,if the government plan workout than all indicators will not work..

Government intervention always surprise the market..

The Feds have been doing some unbelievable bailouts..

If they can pull thru with this plan than maybe carrytrade will be back as a favorite to hold..

Wait and see..





Quoting lilmoe
i've been taking the day off, not making any trades expect for those longs i have before...

trying to clear my mind and analysing the current situation's big picture.

here are some pieces of data we have gathered lately, and some added by me.

1) monthly CCI30 is below the -100 line for the first time since 1999 (9 years ago), and by closing this way by the end of the month, it would be a good sign (that i trust) of a long term established bearish trend.

2) weekly CCI30 is well below the -100 line after bouncing from the 100 line (my trusted measure of continuation of an established trend)

3) we agreed for the past couple of weeks (based on PA) that we're up for a correction/consolidation period. which leaves the dailies UNDECIDED although weeklies and monthlies are saying DOWN.

4) we haven't yet agreed/observed what kind of shape this correction will take; a straight forward retracement then continuation, a bearish flag, or a rising wedge... etc.

5) we had 2 attempts to break 193.50 - 195.50 area, but both failed. the second attempt rendered a lower high.

6) there's a massive Hidden bearish Divergence on the dailies (im sure scrat cought this one) signaling another leg down soon. although i've seen several occasions where a hidden divergence may cause a consolidation on a lower TF with no major pullback before continuing down/up in the same previous direction, but those are rare.

7) i'm sure everyone knows the monthly TL that's been a talk of this thread. however, let's try to draw that line from the closings of the candles instead of the lows. we'll notice that price has tested that area 3 times now forming 3 weekly pins. so i would say we need a weekly or even monthly closing below that TL for more down to come.

8) 9) 10) etc etc etc....


conclusion............... not really sure. we might actually be having a rectangle continuation pattern forming, our key level here is 195.50, if broken, then we might be up for a rising wedge/bearish flag.

just want to add something else. if u guys look at every dump since 251, u'll notice that a consolidation period is followed. and that consolidation period consists of 3 major pushes up, then back down for another dump.

although noticably faster and in shorter time, we have 2 pushes up so far, and we're currently in the third one.

i haven't slept yet, it's 8am here, be back in lond. see ya gus later.
[
  • #115,876
  • Sep 19, 2008 12:52am Sep 19, 2008 12:52am
Lilmoe thats perfect analyses.
i decided to stay out of the market at is point till we see a clear break of 195 or continuation downwards. we are curently at 23.6 retracement. candle close above or below dis level matters alot.

some are calling 200(38% fib),some 180.(Back to 0%)
i wouldnt bet on any of these for now co it could go either way.
i am confused at dis point. so ill just have a lot of patience.

we have also noted that we have had 2 black mondays in a row. who nows. lets wait and see. Dis is d best time to stay on d side lines
Attached Image
  • #115,877
  • Sep 19, 2008 12:52am Sep 19, 2008 12:52am
[
  • #115,878
  • Sep 19, 2008 1:11am Sep 19, 2008 1:11am
come on 9325!!!
--post hoc ergo propter hoc--
  • #115,879
  • Sep 19, 2008 1:13am Sep 19, 2008 1:13am
Quoting rgitt05
As a swing trader, I look at the higher TF for overall trend..

For example:

The 1hr and 4 hr TF are trending upward..

If the price action pullback, I scalp for an average of 10 to 15 pips..

I like to do this because when the price action returns back in the trending direction, my profits increase...

Now if the price action stops and breaks my 1 hr TF than I lock in pips ..

If I trade this without the scalping pullbacks, I would only make pips in the direction of the trend..

So far in this trade right now, I made several scalp pips on the pullback while the overall trend on the 1hr and 4hr TF is up..

It take practices and patience to develop this skill..

Enjoy the pips..

More will come once the London market starts..

The bias so far is positive for the GJ and UJ based on the news from the feds and the future Dow is positive..

Good Luck..
Nice write up....

U scalp means..go short or long..for this case...
Sonic
  • #115,880
  • Sep 19, 2008 1:14am Sep 19, 2008 1:14am
sigh......
--post hoc ergo propter hoc--
45 traders viewing now