Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 7245 | 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)

  • #144,881
  • Dec 1, 2008 3:44pm Dec 1, 2008 3:44pm
Today seems like it was just straight up liquidation. Oil, silver, gold, fraudexes, and currencies into the abyss. This is the mother of all bear markets. Beware.
"Don't trade to trade . . . trade to win." - James16
  • #144,882
  • Dec 1, 2008 3:47pm Dec 1, 2008 3:47pm
Quoting peaches
Well...

we may have a situation we have had


a) at the end of september

or

b) mid july.

I`ll stick to my chart, but a small hint, may be the
weekly GBPCHF pattern
it's not only the same candlestick pattern, it's also the same CCI pattern.... if things close at or below the lows tuesday, things will surely get nasty... i'm betting on tomorrow's daily candle closing.
  • #144,883
  • Dec 1, 2008 3:48pm Dec 1, 2008 3:48pm
Quoting Dr.Geppynius
today's daily close could tend into the same direction as the cci 240 spotting
tomorrow tomorrow tomorro might give a hint, if we do not take out 138-124 overnight
  • #144,884
  • Dec 1, 2008 3:49pm Dec 1, 2008 3:49pm
Quoting lilmoe
it's not only the same candlestick pattern, it's also the same CCI pattern.... if things close at or below the lows tuesday, things will surely get nasty... i'm betting on tomorrow's daily candle closing.
wait, are you saying no retrace likely in asia then/?
  • #144,885
  • Dec 1, 2008 4:00pm Dec 1, 2008 4:00pm
Quoting PipGal
wait, are you saying no retrace likely in asia then/?
I hardly say anything, but I just realized something. If you switch GJ to D1 and check, with one exception every bear day with 400+ pips was followed by 1-2 days who retraced 60+ % of that day (with one big exception).

Now thats admitedly not precise at all, but i personally will be very carefull tomorrow to short and I might rather tend to long. But thats me ...
  • #144,886
  • Dec 1, 2008 4:02pm Dec 1, 2008 4:02pm
Quoting PipGal
wait, are you saying no retrace likely in asia then/?
no, i was saying major plunge, but not one without a chance to load shorts.

we should retrace... but who knows...
  • #144,887
  • Dec 1, 2008 4:05pm Dec 1, 2008 4:05pm
Quoting fukinagashi
I hardly say anything, but I just realized something. If you switch GJ to D1 and check, with one exception every bear day with 400+ pips was followed by 1-2 days who retraced 60+ % of that day (with one big exception).

Now thats admitedly not precise at all, but i personally will be very carefull tomorrow to short and I might rather tend to long. But thats me ...
also possible... tomorrow should shed some light..
  • #144,888
  • Dec 1, 2008 4:10pm Dec 1, 2008 4:10pm
Quoting fukinagashi
I hardly say anything, but I just realized something. If you switch GJ to D1 and check, with one exception every bear day with 400+ pips was followed by 1-2 days who retraced 60+ % of that day (with one big exception).

Now thats admitedly not precise at all, but i personally will be very carefull tomorrow to short and I might rather tend to long. But thats me ...
Ok, no rocket science, and there are actually two exceptions but here it comes:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpg Size: 65 KB
  • #144,889
  • Dec 1, 2008 4:16pm Dec 1, 2008 4:16pm
got to love day trading

here is Mr 3 minute chart with 30 pips lines plotted off the daily pivot , long 138.27 , 60 pip , short 138.86 2 x 25 pip

not that hard .... just keep stops at 45 pips ... if you are wrong you are going to be worng by 1 x30 pip interval plus some.


now if 138.87 break to upside long to 139.5 ( previous high)

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 19 KB
Blogging daily now at www.volume.zone
  • #144,890
  • Dec 1, 2008 4:21pm Dec 1, 2008 4:21pm
gong for a small nap
be back later folks
  • #144,891
  • Dec 1, 2008 4:22pm Dec 1, 2008 4:22pm
Quoting lilmoe
how about a long from 138.50? 1m 50ema?
...
  • #144,892
  • Dec 1, 2008 4:24pm Dec 1, 2008 4:24pm
humm.. that was a pretty big drop.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #144,893
  • Dec 1, 2008 4:24pm Dec 1, 2008 4:24pm
Quoting lilmoe
how about a long from 138.50? 1m 50ema?
isn't this where we are now?
  • #144,894
  • Dec 1, 2008 4:25pm Dec 1, 2008 4:25pm
Quoting mktjong
...
there is a possibility this thing goes all way to 125 .....tonight during london ...very strong possibility at this point as the move today has been very impulsive .. to impulsive in fact .... but that does not mean we will not get the push down to 125 before any major rally up

GU has not hit my target yet 1.4000 ....
Blogging daily now at www.volume.zone
  • #144,895
  • Dec 1, 2008 4:25pm Dec 1, 2008 4:25pm
I found this forum very useful and I just started my career now. I just finished to study some basic things of forex and now wants to start demo:
I have few questions if any body can answer, thanks in advance:

1) How we see the trend for example if I am working on 15 min as entry/exit chart, how I see where is trend for long term ..and where is trend for today and where is now.

2) Any basic system from where should I start. One I found Acumn's pivot system simple and attractive ... any suggestions...?

3) Any recomend books, sites for Fibnocci and chart patterns.
4) What is risk managment? what is mean of 1R, 2R etc?
5) Some books I read that your stop loss should be less then or equal to TP so you will be always successful and one book I read that your stop loss hould be big enough to give room to swing the market to come to in your favour? What should I do... may be I understood wrong... are they same things or different .. and which one is true?

You can also private message me as I think it is very basic question:
Any good template and some good basic indicators will be also very helpful for me.
http://www.forexfactory.com/images/misc/progress.gif http://www.forexfactory.com/images/buttons/edit.gif
  • #144,896
  • Dec 1, 2008 4:26pm Dec 1, 2008 4:26pm
Quoting pkimnyc
isn't this where we are now?


does this look long ??

looks like short off double tp 138.86 .. which is what i am doing

Attached Image
Blogging daily now at www.volume.zone
  • #144,897
  • Dec 1, 2008 4:27pm Dec 1, 2008 4:27pm
Quoting malcolmb14
does this look long ??

looks like short off double tp 138.86 .. which is what i am doing

Attachment
i'm on the side m. not jumping in.
don't have fast finger as you do.
  • #144,898
  • Dec 1, 2008 4:29pm Dec 1, 2008 4:29pm
Quoting malcolmb14
there is a possibility this thing goes all way to 125 .....tonight during london ...very strong possibility at this point as the move today has been very impulsive .. to impulsive in fact .... but that does not mean we will not get the push down to 125 before any major rally up

GU has not hit my target yet 1.4000 ....
btw, r u saying in ew term: impulsive ?
or something else?
  • #144,899
  • Dec 1, 2008 4:29pm Dec 1, 2008 4:29pm
Quoting ZafarAli
I found this forum very useful and I just started my career now. I just finished to study some basic things of forex and now wants to start demo:
I have few questions if any body can answer, thanks in advance:

1) How we see the trend for example if I am working on 15 min as entry/exit chart, how I see where is trend for long term ..and where is trend for today and where is now.

2) Any basic system from where should I start. One I found Acumn's pivot system simple and attractive ... any suggestions...?

3) Any recomend books, sites for Fibnocci...

well one thing i can say is never trade any of my calls I have no clue what i am doing half the time !!!

mastering the markets by Tom Williams is a must read

also for indicators read John Haydens , the complete rsi ....

money management ...1.5% of account ....
Blogging daily now at www.volume.zone
  • #144,900
  • Dec 1, 2008 4:30pm Dec 1, 2008 4:30pm
Quoting pkimnyc
btw, r u saying in ew term: impulsive ?
or something else?

price action terms .... seems they just want to sell this market and nothing else at the moment ....
Blogging daily now at www.volume.zone
299 traders viewing now