Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 7637 | 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)

  • #152,721
  • Jan 13, 2009 6:29pm Jan 13, 2009 6:29pm
I closed my trade for 75 pips from the low 129

I will probably short around the 130 area..

On the 4hr GJ shows resistance after breaking the support from Dec.'08 at 130 zone

IMHO

Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15gj.gif Size: 51 KB
Click to Enlarge Name: 4gj.gif Size: 58 KB
[
  • #152,722
  • Jan 13, 2009 6:46pm Jan 13, 2009 6:46pm
i agree 130.05 area is good area to short
  • #152,723
  • Jan 13, 2009 7:00pm Jan 13, 2009 7:00pm
On the hour chart the gann-hilo at 130 area as well the resistance from the support broken several candles ago...




Quoting msniper
i agree 130.05 area is good area to short
[
  • #152,724
  • Edited 7:17pm Jan 13, 2009 7:02pm | Edited 7:17pm
Quoting msniper
i agree 130.05 area is good area to short
some people see the glass have full and some see it half empty. . .

the market will soon decide where it wants to go until then 129 support has proven to be a good long entry until price dictates otherwise. . .

ever heard of a short squeeze????? has nothing to do with technicals et al. . .
Also the buying occured as a result of the Tokyo fixing. . .

Lets see what GJ has in store for us. . .
  • #152,725
  • Jan 13, 2009 7:06pm Jan 13, 2009 7:06pm
If the 130 area breaks than I will short at the 4hr gann-hilo 131.50 level..

Attached Image (click to enlarge)
Click to Enlarge Name: 4gj.gif Size: 58 KB
[
  • #152,726
  • Jan 13, 2009 7:09pm Jan 13, 2009 7:09pm
Can this be considered an institutional markup to avoid the 130 level?
  • #152,727
  • Jan 13, 2009 7:14pm Jan 13, 2009 7:14pm
Just closed longs from 129 area @ 130.30 will wait to see what the market wants to do next - 130.30 is 4hr 5 sma

price is currentlyabove 1hr gann hi/lo at the moment targeting 4hr gann hi/lo @ 131.91 on a close above 4hr 5sma. . . might be a good shorting opportunity on a failure to breach it. . .
  • #152,728
  • Jan 13, 2009 7:19pm Jan 13, 2009 7:19pm
GJ already made a new low than 1995...which lower dou want it to be?

just confused
{Promotion Removed}
  • #152,729
  • Jan 13, 2009 7:19pm Jan 13, 2009 7:19pm
Quote
Just closed longs from 129 area @ 130.30 will wait to see what the market wants to do next - 130.30 is 4hr 5 sma

Same with me! easy 100+ pips. I will look to short if we get into the 131s, i like to see at least 2-300 pips from the lowest support before i will short, just my nature i guess.

Thanks for all your insight today Malcomb! I really appreciate your views of the market and how it works.

Cheers
  • #152,730
  • Jan 13, 2009 7:30pm Jan 13, 2009 7:30pm
no more short for me...still dont know where this beast is going for now...
{Promotion Removed}
  • #152,731
  • Jan 13, 2009 7:35pm Jan 13, 2009 7:35pm
Quoting riz79fx
no more short for me...still dont know where this beast is going for now...
wait for price to establish above 4hr gann, then buy the dip if you are thinking to go long would be a lot safer. IMHO
  • #152,732
  • Jan 13, 2009 7:35pm Jan 13, 2009 7:35pm
Quoting riz79fx
no more short for me...still dont know where this beast is going for now...
the direction is down. . . it just needs to work out the extreme OS it has seen over the last couple of days. . . 127.55/126.55 is the next targets based on the descending channel. . .

I believe we will see it challenge the 4hr gann hi/lo @ 131.90 resistance 1st if and only if it can stay above 130 support which is doubtful but anything is possible with the geppy. . .
  • #152,733
  • Jan 13, 2009 7:43pm Jan 13, 2009 7:43pm
Quoting quecee5
Just closed longs from 129 area @ 130.30 will wait to see what the market wants to do next - 130.30 is 4hr 5 sma

price is currentlyabove 1hr gann hi/lo at the moment targeting 4hr gann hi/lo @ 131.91 on a close above 4hr 5sma. . . might be a good shorting opportunity on a failure to breach it. . .

was a lil late to party in gppy while trying to catch the bottom in cable, managed a long 129.74 sl cpl ticks above entry now. Maybe in for a nice slow ride, or maybe a scratch

Cable metonic point lo should be in for cable for now, leaving the next super LT point due for a hi around end of 09 dec in cable.

Got them on, time will tell
"Millionaires don't use astrology, billionaires do"
  • #152,734
  • Jan 13, 2009 7:49pm Jan 13, 2009 7:49pm
Quoting riz79fx
no more short for me...still dont know where this beast is going for now...
Down is the way to go with a trailing stop.

I'm thinking that there is nothing in the way as far as support goes.

I hope it helps.

But.... I might be wrong, my loss.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #152,735
  • Jan 13, 2009 8:05pm Jan 13, 2009 8:05pm
Quoting quecee5
the direction is down. . . it just needs to work out the extreme OS it has seen over the last couple of days. . . 127.55/126.55 is the next targets based on the descending channel. . .

I believe we will see it challenge the 4hr gann hi/lo @ 131.90 resistance 1st if and only if it can stay above 130 support which is doubtful but anything is possible with the geppy. . .
For now YES..
  • #152,736
  • Jan 13, 2009 8:08pm Jan 13, 2009 8:08pm
Typical GJ...it makes a new low then bounces just like many times before. I closed my long at the 15M 50ema. Waiting to possibly short at the 1H 50ema. I trade like the pros. Buy low sell high.
  • #152,737
  • Jan 13, 2009 8:12pm Jan 13, 2009 8:12pm
Quoting riz79fx
GJ already made a new low than 1995...which lower dou want it to be?

just confused
1995 low was 127.04. It hasn't been hit yet
  • #152,738
  • Jan 13, 2009 8:18pm Jan 13, 2009 8:18pm
Quoting markam
1995 low was 127.04. It hasn't been hit yet
in FXCM it says 127.04 but in MT4 it says 129.33 so whom to believe hehe
  • #152,739
  • Jan 13, 2009 8:24pm Jan 13, 2009 8:24pm
Quoting msniper
in FXCM it says 127.04 but in MT4 it says 129.33 so whom to believe hehe
That's why you trade your own chart. My interbankfx MT4 has a low of 129.32, which we did get an hour close below. Then 129.32 became resistance mometarily for about a few 15M candles, then it gives. Normally in a strong bearish market, price wouldn't normally break back above a previously broken support.
  • #152,740
  • Jan 13, 2009 8:28pm Jan 13, 2009 8:28pm
Quoting Pipsqueak
That's why you trade your own chart. My interbankfx MT4 has a low of 129.32, which we did get an hour close below. Then 129.32 became resistance mometarily for about a few 15M candles, then it gives. Normally in a strong bearish market, price wouldn't normally break back above a previously broken support.

I agree with your low of 129.32.
I trade what I see on my charts. Do Not listen to the Muppets.
45 traders viewing now