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Auslanco-GBP/JPY Strength Indicator strategy 345 replies

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Attachments: Auslanco - GBP/JPY and GBP/USD (newstrade)
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Auslanco - GBP/JPY and GBP/USD (newstrade)

On our way to retest the lows....
Quoting lilmoe
192.50 is our next target
the 610 is at 192.50...
Quoting akirax
why 193.24? fib?
thks
it is the 76.8 fib
Quoting $teve
Daily close was another rejection of the massive support at 187.50. I'm looking for a 4H close above the gann currently at around 189.60. This would confirm short term bullish movement up to 193.24.

let's look at this from a bigger picture, ie: Weekly chart.

the true massive support is 189.50-190, check it out on weekly chart's history., the next massive support is at 179.

this is the 4th week now where price is trying to close BELOW it on the weekly level. if this time also fails, prepare for a bullish week next week.

i'm guessing we're going to close at or around this area friday. however, if we close well above, expect price to come back for a last retest before heading back up, way up.

if this weekly charts closes well below it, then i'm expecting a retest next week where i will be loading LOTS of shorts.
Quoting $teve
it is the 76.8 fib
thks...just saw it was my 61.8
Quoting akirax
the 610 is at 192.50...
AND an FE 100, provided fe 61.8 is taken out at 190.77
Quoting Trader Neal
190 eh.. that's a stretch.. gl.

almost got there ... maybe later
Blogging daily now at www.volume.zone
Quoting Trader Neal
190 eh.. that's a stretch.. gl.

If 186.25 holds we have a 1-2-3 buy set up on the 4 hour

191.20 breaks we see 194.26 for sure and maybe 197 once more

so i do not think my 190/191 is so far fetched right now according to the technicals

not just that but 191.82 is 5-% fib retracement of move down and 193.13 is 61.8%

now if 188 is broken to downside I will rethink

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Blogging daily now at www.volume.zone
Quoting malcolmb14
almost got there ... maybe later
yeah, let's. you gotta be real tired, i don't think bored can emulate such ideas .
just kidding.

p.s. you know what? i just read my post again. i don't know what i wanted to say, so i better go get some sleep.
see you all later.

Quoting lilmoe
i'm bored, here's a little story.

since a broker's "main" income is spread, wouldn't trade logic say "sell more; gain more"?

so if this applies to retail brokers, then it might only sound logical that they lower the spread so us retail traders can scalp the shit out of the market, and therefore brokers make more money....

high spread in easy markets, and lots of other facts only prove my point; retail brokers PAY you your wins, and GAIN on your loss.

let's try to describe this in easier english for the newbies:

broker: hey lilmoe, what do u think GJ is going to do today??
lilmoe: hmmmm, there's a bullish divergence (bla bla bla), so i think it should go up 200 pips from point X.
broker: hmmm, sounds interesting. wanna bet?
lilmoe: sure!!
broker: ok, how much do u want to put in?
lilmoe: 5 bucks.
broker: cool, here are the rules:
1) i will cover you with 500 dollars for your 5 bucks.
2) you will make (such and such) on each pip.
3) i don't lose, u do, so if the market goes down, i'll deduct from your 5 bucks.
4) if it really goes up like u said, i'll pay ya the same amount per pip.

lilmoe: cool, let's rock!

later on, lilmoe loses

broker: sucker!!! hahahahahah


what a joke. sounds like a casino right? guess what. if my voice right now reaches 100 thousand retail traders, each with a 100k account, and we ALL buy GJ, with 100 lots, that would be 10 million lots right?? here comes the joke, THE MARKET WON'T MOVE AN INCH!!!! NONE of our orders are actually routed to the market.

by the way, each lot is 1k USD (if your account is in USD), 10 million lots = 10 billion USD, if SURE 10 billion can move GJ up 200 pips, if not more.

this is really cool, if brokers are really that honest, let's create a massive trading community where our orders really MOVE the market, just like that einstine dude

is their an equation for how many pips can an order of X size move the market in actuality?
Nihil Sine Deo.
Quoting malcolmb14
If 186.25 holds we have a 1-2-3 buy set up on the 4 hour

191.20 breaks we see 194.26 for sure and maybe 197 once more

so i do not think my 190/191 is so far fetched right now according to the technicals

not just that but 191.82 is 5-% fib retracement of move down and 193.13 is 61.8%

now if 188 is broken to downside I will rethink

Attachment
FE 100 of that 1-2-3 is at 199.30... if 197 (FE 78.6) is taken out that is
Should be a proud day in America tomorrow. We should break 10 trillion in public debt.

It was only 5.7 trillion when Bush took office. The one thing that he was successful at, bankrupting our country.

Heck of a job, you stupid POS!!!!!
Quoting Scrat
yeah, let's. you gotta be real tired, i don't think bored can emulate such ideas .
just kidding.

p.s. you know what? i just read my post again. i don't know what i wanted to say, so i better go get some sleep.
see you all later.
lol.

by the way. are u watching for a breakout?

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Quoting markam
Should be a proud day in America tomorrow. We should break 10 trillion in public debt.

It was only 5.7 trillion when Bush took office. The one thing that he was successful at, bankrupting our country.

Heck of a job, you stupid POS!!!!!
ok... think about this:
after that nice fall that ended at 184.47, we had quite a rally. and if you look at its structure, it was an impulse.
now... the problem with a new low (that is, below 184.47) is that i don't believe in 3 consecutive motive waves: we had one downwards, ended @ 184.47; then we had another one, upwards, ended @ 197.39; and now, the third one going below 184.47??? i don't think so.
most probably we will see a long correction on daily, and i am thinking at 3 targets: 197 area (or a little bit below), 199.40 area, or 204/206 area.
if i remember about this post when i wake up, i'll come up with a chart.

Quoting karmostaji
It can definitely do what it wants but the Daily chart is screaming short and I'm in it biggg, I have my fingers crossed
Nihil Sine Deo.
no, i am watching my stop loss.

Quoting lilmoe
lol.

by the way. are u watching for a breakout?

Attachment
Nihil Sine Deo.
Quoting markam
Should be a proud day in America tomorrow. We should break 10 trillion in public debt.

It was only 5.7 trillion when Bush took office. The one thing that he was successful at, bankrupting our country.

Heck of a job, you stupid POS!!!!!
Just saw this cartoon of the US situation in our local paper. lol
Attached Image
Quoting markam
Should be a proud day in America tomorrow. We should break 10 trillion in public debt.

It was only 5.7 trillion when Bush took office. The one thing that he was successful at, bankrupting our country.

Heck of a job, you stupid POS!!!!!
I'm gonna print that, frame it and hang it on my wall
these are trendlines based on daily reversals. clearly we will go up.
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Quoting GodfreyH
Just saw this cartoon of the US situation in our local paper. lol
fear mongering.. Bush is a very bad man.
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