Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 6712 | 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)

  • #134,221
  • Nov 10, 2008 11:48pm Nov 10, 2008 11:48pm
fyi
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr chart.gif Size: 36 KB
  • #134,222
  • Nov 10, 2008 11:49pm Nov 10, 2008 11:49pm
Quoting quecee5
fyi
hey there bro.
  • #134,223
  • Nov 10, 2008 11:51pm Nov 10, 2008 11:51pm
Quoting pkimnyc
hey there bro.
=

What's gd bro?
  • #134,224
  • Nov 10, 2008 11:52pm Nov 10, 2008 11:52pm
Quoting quecee5
fyi
Hi Q, good to see u again.
So, how to interprete the chart? Is it bullish or bearish :-)
  • #134,225
  • Nov 10, 2008 11:54pm Nov 10, 2008 11:54pm
not bad day. about 50 pips on 3 lots 150 total. back to the drawing board. can't make heads or tails what happens next.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #134,226
  • Nov 10, 2008 11:56pm Nov 10, 2008 11:56pm
Quoting quecee5
fyi
can you interpret your chart. thanks
  • #134,227
  • Nov 10, 2008 11:58pm Nov 10, 2008 11:58pm
what a roller coaster, but at least its not out of order
  • #134,228
  • Nov 11, 2008 12:00am Nov 11, 2008 12:00am
Hey Karmo, Mktjong, pkimnyc, queece

Good evening..

Karmo are you still open short for 150.00.... if yes and if you dont mind disclosing where your stop lock(loss) is?
  • #134,229
  • Nov 11, 2008 12:02am Nov 11, 2008 12:02am
Quoting 5ysfx
yep shorted too on double top and alrready closed

i am waiting for 423.6% to close some longs
just wondering what was you average position on this demo ???....
  • #134,230
  • Nov 11, 2008 12:04am Nov 11, 2008 12:04am
Quoting quecee5
=

What's gd bro?
been studying, bro.
i see that you've been busy too.
care to share with us?
  • #134,231
  • Nov 11, 2008 12:08am Nov 11, 2008 12:08am
5m kind of looks like a H&S in a Picasso sort of way.
What's that smell?
  • #134,232
  • Nov 11, 2008 12:11am Nov 11, 2008 12:11am
Quoting mktjong
Hi Q, good to see u again.
So, how to interprete the chart? Is it bullish or bearish :-)
mktjong,

The ultimate trend is down unless we break above the upper descending trend line. 1hr chart suggest that another leg down is forthcoming but it maybe capped ar'd the 151/150.50 area then I see a few legs up before we see the trend continue. A break and close of the lower trend line will suggest a test of the low again @ 139/140 area. . .

Now 4hr suggest the leg to 151/150.50 area could be capped before bulls take price back up to hit the 155.50/156.50 area. If there is a close above then we will see price challenge 157.50 area. If bulls are successful then a test back to 165 is a given. . .

Watch the upper red line and the descending upper trend line for failures. Also, watch the lower trend line for a break. . .

I'm a swing trader so I look for lows and highs when placing trades so if you are a scalper or a day trader just be mindful of reverses as GJ can swing 200-300 pips at anytime as seen in the Asian session. . .
  • #134,233
  • Nov 11, 2008 12:34am Nov 11, 2008 12:34am
Quoting pkimnyc
been studying, bro.
i see that you've been busy too.
care to share with us?
Bro,

I've been trading the down trend on EJ and use GJ for upward retraces/bounces with smaller position because the spread is much less and I can load up on my position with EJ. . . Also, EJ is in a nice range 122 - 130 due the swings in EU and UJ. . .

As seen in the GJ 4hr chart GJ is in a nice down trend with 500-700 pip retraces. So I've been selling EJ at the top and dumping it at the bottom. With GJ I wait for the bottom then place a small trade and ride it to a major fib until I see failure. This is a good way of trading both ways without having to close the EJ position. . .

I'm short EJ right now at 128.20 and long GJ at 152.24 with stop loss at +50. . . If I see a close above the 122.1 fib then we will see a trip back to 155 area where I will take 2/3 my position off the table and ride the rest to 156 area or higher (will look for the failure. . .) My stop for EJ is slightly above the 125.50 area where is has failed twice already but could break thru to challenge the 126.08 area
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr chart ej.gif Size: 32 KB
  • #134,234
  • Nov 11, 2008 12:37am Nov 11, 2008 12:37am
Quoting quecee5
Bro,

I've been trading the down trend on EJ and use GJ for upward retraces/bounces with smaller position because the spread is much less and I can load up on my position with EJ. . . Also, EJ is in a nice range 122 - 130 due the swings in EU and UJ. . .

As seen in the GJ 4hr chart GJ is in a nice down trend with 500-700 pip retraces. So I've been selling EJ at the top and dumping it at the bottom. With GJ I wait for the bottom then place a small trade and ride it to a major fib until I see failure. This is a good way of trading both ways without...
thanks for you insight.
  • #134,235
  • Nov 11, 2008 12:37am Nov 11, 2008 12:37am
Quoting quecee5
mktjong,

The ultimate trend is down unless we break above the upper descending trend line. 1hr chart suggest that another leg down is forthcoming but it maybe capped ar'd the 151/150.50 area then I see a few legs up before we see the trend continue. A break and close of the lower trend line will suggest a test of the low again @ 139/140 area. . .

Now 4hr suggest the leg to 151/150.50 area could be capped before bulls take price back up to hit the 155.50/156.50 area. If there is a close above then we will see price challenge 157.50 area. If bulls are successful then a test back to 165 is a given. . .

Watch the upper red line and the descending upper trend line for failures. Also, watch...
Cool .. thanks Q ..
  • #134,236
  • Nov 11, 2008 12:46am Nov 11, 2008 12:46am
Quoting harora
Hey Karmo, Mktjong, pkimnyc, queece

Good evening..

Karmo are you still open short for 150.00.... if yes and if you dont mind disclosing where your stop lock(loss) is?
whatever shorts were left from last night was stopped out in profit, opened new shorts at 154 and SL already at b/e. if it goes higher, i'll short again. I'm selling rallies.

nothing to worry about.
Trade what you see, not what you think.
  • #134,237
  • Nov 11, 2008 12:47am Nov 11, 2008 12:47am
Quoting harora
Hey Karmo, Mktjong, pkimnyc, queece

Good evening..

Karmo are you still open short for 150.00.... if yes and if you dont mind disclosing where your stop lock(loss) is?
good evening bro.
  • #134,238
  • Nov 11, 2008 12:49am Nov 11, 2008 12:49am
Quoting pkimnyc
good evening bro.
Good morning

How are you doing?
Trade what you see, not what you think.
  • #134,239
  • Nov 11, 2008 12:51am Nov 11, 2008 12:51am
Quoting karmostaji
whatever shorts were left from last night was stopped out in profit, opened new shorts at 154 and SL already at b/e. if it goes higher, i'll short again. I'm selling rallies.

nothing to worry about.
1hr suggest your short is good to go bro. . .
  • #134,240
  • Nov 11, 2008 12:53am Nov 11, 2008 12:53am
Still looking for 150.50 karm? Or are you expecting a break of this level today?
635 traders viewing now